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Price arb /

FET

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Spread before costs (cost unknown: a leg has no order-book sample)+0.030%
7d average+0.093%if it closes, per $10,000$3funding while held, a day+$12.81
Long on GateShort on Variational Omni
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate FET_USDT0.2011−0.0327get 0.0327% / 8h6h 39m$2.8M$11.2M50x
ShortVariational Omni FET0.20120.0100get 0.0100% / 8h6h 39m$278K$286K—

Price spread history

latest
Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Spread captured
$3.04
Funding while held
$12.81
Slippage, 4 orders
no order book: not counted
Fee Gate: 7.5 bp × 2 orders
−$15
Fee Variational Omni: 0 bp × 2 orders
$0
Net
$0.85
Spread needed to break even
0.150%
Slippage unknown: Gate: live order book, 1 min ago; Variational Omni: RFQ quote, 1 min ago. Net counts fees only.

Cost of waiting

funding view
Funding /8h
+0.0427%
Per $10,000 a day
+$12.81
Average in range /8h
—

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, 1 min ago4.98 bp18.1 bp −$1844.0 bp −$44062.4 bp −$6,236122.9 bp −$61.4K
Sell Variational Omni RFQ quote, 1 min ago7.47 bpdoesn't fit22.4 bp −$224doesn't fitdoesn't fit

FET price on every exchange

against the cheapest. Click to use as the short leg.
Injective0.1740cheapest
BloFin0.2008+15.402%KuCoin0.2010+15.517%
Gate0.2011+15.575%
Variational Omni0.2012+15.610%
Aster0.2012+15.624%MEXC0.2012+15.632%Hyperliquid0.2012+15.644%Orderly0.2013+15.690%Binance0.2014+15.722%GMX0.2014+15.733%gTrade (Gains Network)0.2014+15.746%BingX0.2014+15.747%Extended0.2014+15.750%Coinbase International0.2015+15.805%OKX0.2016+15.862%Bitget0.2017+15.920%Deribit0.2017+15.920%Kraken Futures0.2018+15.975%Phoenix0.2021+16.138%

FET on 20 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Injective FET/USDC PERP−13.476%+0.0033%1h$2K$43K12xas long as short
BloFin FET-USDT−0.149%+0.0220%8h$1.7M$2.5M100xas long as short
KuCoin FETUSDTM−0.050%+0.0100%8h$10.6M$16.7M50xas long as short
Gate FET_USDTlong0.000%−0.0327%8h$2.8M$11.2M50x
Variational Omni FETshort+0.030%+0.0100%8h$278K$286K—
Aster FETUSDT+0.043%+0.0100%8h$335K$511K10xas long as short
MEXC FET_USDT+0.050%+0.0100%8h$33.6M$21.5M200xas long as short
Hyperliquid FET+0.060%+0.0100%1h$9.6M$7.0M5xas long as short
Orderly PERP_FET_USDC+0.099%+0.0079%8h$37K$14K10xas long as short
Binance FETUSDT+0.127%+0.0100%8h$31.5M$104.1M75xas long as short
Show all 20 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
GMX FET/USD [ETH-USDC]+0.137%L +0.0207% / S −0.0375%1h$14K—100xas long as short
gTrade (Gains Network) FET/USD+0.148%L +0.0006% / S −0.0011%1h$36K—150xas long as short
BingX FET-USDT+0.149%+0.0100%8h—$5.1M—as long as short
Extended FET-USD+0.152%+0.0104%1h$32K$146K10xas long as short
Coinbase International FET-PERP-INTX+0.199%+0.0048%1h$180K$178K50xas long as short
OKX FET-USDT-SWAP+0.249%+0.0100%4h$811K$7.2M20xas long as short
Bitget FETUSDT+0.298%+0.0100%8h$16.2M$11.2M75xas long as short
Deribit FET_USDC-PERPETUAL+0.298%−0.2223%1h$20K$208K10xas long as short
Kraken Futures PF_FETUSD+0.346%−0.1149%1h$1.1M$2.2M50xas long as short
Phoenix FET+0.487%+0.0390%1h$27K$53K5xas long as short