Funding arb · Price arb /

FET

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Binance against MEXC+0.119%7-day average +0.019% · you sell dearer than you buy

Net, funding: paid 7d − costs−$31as in the Funding arb table

Net, price: spread back to 7d avg − costs−$21as in the Price arb table

costs, in and out, $10k−$310.311% of the position

Long on MEXC Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 7 days−0.170%−$17 · spread now +0.119%, 7d avg +0.019%

Together, before fees−0.170%−$17 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: Binance is 0.099% dearer against MEXC than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of +0.019%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC FET_USDT	0.1990	0.0100	pay 0.0100% / 8h	2h 04m	$34.4M	$25.5M	200x
Short	Binance FETUSDT	0.1992	0.0100	get 0.0100% / 8h	2h 04m	$31.1M	$107.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against MEXC. 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

Position, each leg$Hold fordaysFee MEXCbpFee BinancebpOrdersPrice spread, now +0.119%Rate

Funding earned: $0
Price spread: +0.119% → +0.019%: $9.94
Slippage, 4 orders: −$21.06
Fee MEXC: 0 bp × 2 orders: $0
Fee Binance: 5 bp × 2 orders: −$10
Net: −$21.13
Costs to cover: 0.311%
Break-even: never at this rate

Slippage from MEXC: live order book, 4 min ago; Binance: live order book, 8 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy MEXC live order book, 4 min ago	2.50 bp	2.5 bp −$3	8.2 bp −$82	51.8 bp −$5,180	192.1 bp −$96.1K
Sell Binance live order book, 8 min ago	2.50 bp	12.4 bp −$12	22.1 bp −$221	107.4 bp −$10.7K	doesn't fit

FET on 20 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit FET_USDC-PERPETUAL	−0.5741%	1h	0.1991	+0.050%	$26K	$199K	10x	as long as short
Coinbase International FET-PERP-INTX	−0.0480%	1h	0.2022	+1.608%	$161K	$188K	50x	as long as short
Gate FET_USDT	−0.0011%	8h	0.1989	−0.050%	$2.7M	$11.9M	50x	as long as short
gTrade (Gains Network) FET/USD	L +0.0006% / S −0.0012%	1h	0.1991	+0.075%	$31K	—	150x	as long as short
Kraken Futures PF_FETUSD	+0.0032%	1h	0.1995	+0.248%	$1.0M	$2.2M	50x	as long as short
Aster FETUSDT	+0.0100%	8h	0.1992	+0.101%	$338K	$533K	10x	as long as short
Binance FETUSDTshort	+0.0100%	8h	0.1992	+0.119%	$31.1M	$107.2M	75x
MEXC FET_USDTlong	+0.0100%	8h	0.1990	long leg	$34.4M	$25.5M	200x
KuCoin FETUSDTM	+0.0100%	8h	0.1992	+0.101%	$10.2M	$19.1M	50x	as long as short
Variational Omni FET	+0.0100%	8h	0.1994	+0.222%	$270K	$315K	—	as long as short

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_FET_USDC	+0.0100%	8h	0.1992	+0.101%	$37K	$5K	10x	as long as short
OKX FET-USDT-SWAP	+0.0101%	4h	0.1993	+0.151%	$848K	$7.4M	20x	as long as short
Extended FET-USD	+0.0104%	1h	0.1990	+0.023%	$32K	$189K	10x	as long as short
GMX FET/USD [ETH-USDC]	L +0.0200% / S −0.0278%	1h	0.1991	+0.073%	$13K	—	100x	as long as short
BingX FET-USDT	+0.0217%	8h	0.1993	+0.151%	—	$5.6M	—	as long as short
BloFin FET-USDT	+0.0220%	8h	0.1997	+0.352%	$1.7M	$2.6M	100x	as long as short
Hyperliquid FET	+0.0238%	1h	0.1994	+0.181%	$8.8M	$7.8M	5x	as long as short
Bitget FETUSDT	+0.0244%	8h	0.1994	+0.201%	$16.2M	$11.4M	75x	as long as short
Injective FET/USDC PERP	+0.0371%	1h	0.2010	+1.005%	$3K	$166K	12x	as long as short
Phoenix FET	+0.0476%	1h	0.1995	+0.241%	$27K	$37K	5x	as long as short