Settings8H · net · $10k
Funding arb · Price arb /

FET

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.012%
Price spread now: Extended against Gate+0.076%7-day average +0.025% · you sell dearer than you buy
Net, funding: paid 7d − costs−$64as in the Funding arb table
Net, price: spread back to 7d avg − costs−$62as in the Price arb table
costs, in and out, $10k−$670.670% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.026%+$3 on $10k
Price spread, last 4 days (all we have)−0.117%−$12 · spread now +0.076%, 7d avg +0.025%
Together, before fees−0.091%+ Points / potential airdropExtended: Active · farm board−$9 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Extended is 0.051% dearer against Gate than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.025%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate FET_USDT0.19900.0100pay 0.0100% / 8h1h 34m$2.6M$12.8M50x
ShortExtended FET-USD0.19920.0104get 0.0013% / 1h34m 14s$33K$201K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended against Gate. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$0.84
Price spread: +0.076% → +0.025%
$5.1
Slippage, 4 orders
−$46.98
Fee Gate: 7.5 bp × 2 orders
−$15
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$61.04
Costs to cover
0.670%
Break-even
515.7 days
Slippage from Gate: live order book, 4 min ago; Extended: live order book, 7 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Gate live order book, 4 min ago5.01 bp17.9 bp −$1840.3 bp −$40351.1 bp −$5,10697.0 bp −$48.5K
Sell Extended live order book, 7 min ago7.51 bp16.2 bp −$1654.2 bp −$542doesn't fitdoesn't fit

FET on 20 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Deribit FET_USDC-PERPETUAL−0.5245%1h0.1991+0.050%$41K$312K10xas long as short
Coinbase International FET-PERP-INTX−0.0688%1h0.1997+0.352%$150K$260K50xas long as short
gTrade (Gains Network) FET/USDL +0.0006% / S −0.0004%1h0.1991+0.066%$20K150xas long as short
Injective FET/USDC PERP+0.0033%1h0.2010+1.005%$3K$166K12xas long as short
Aster FETUSDT+0.0100%8h0.1992+0.112%$189K$817K10xas long as short
Gate FET_USDTlong+0.0100%8h0.1990long leg$2.6M$12.8M50x
KuCoin FETUSDTM+0.0100%8h0.1991+0.050%$10.4M$18.4M50xas long as short
Variational Omni FET+0.0100%8h0.1991+0.058%$283K$491Kas long as short
Orderly PERP_FET_USDC+0.0100%8h0.19900.000%$37K$7K10xas long as short
Extended FET-USDshort+0.0104%1h0.1992+0.076%$33K$201K10x
Show all 20 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC FET_USDT+0.0104%8h0.1991+0.050%$29.1M$25.2M200xas long as short
Binance FETUSDT+0.0106%8h0.1991+0.050%$30.3M$114.9M75xas long as short
Bitget FETUSDT+0.0189%8h0.1991+0.050%$16.2M$11.9M75xas long as short
BingX FET-USDT+0.0190%8h0.1993+0.151%$5.9Mas long as short
GMX FET/USD [ETH-USDC]L +0.0201% / S −0.0301%1h0.1991+0.066%$13K100xas long as short
BloFin FET-USDT+0.0224%8h0.19900.000%$1.7M$3.2M100xas long as short
OKX FET-USDT-SWAP+0.0423%4h0.1993+0.151%$982K$8.1M20xas long as short
Hyperliquid FET+0.0582%1h0.1993+0.126%$8.4M$8.5M5xas long as short
Phoenix FET+0.0635%1h0.1998+0.407%$35K$38K5xas long as short
Kraken Futures PF_FETUSD+0.0652%1h0.1995+0.231%$1.0M$2.1M50xas long as short