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%/8hnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bitget against MEXC+0.250%7-day average +0.008% · you sell dearer than you buy

Net, funding: paid 7d − costs−$25as in the Funding arb table

Net, price: spread back to 7d avg − costs−$9as in the Price arb table

costs, in and out, $10k−$330.334% of the position

Long on MEXC Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.082%+$8 on $10k

Price spread, last 7 days−0.290%−$29 · spread now +0.250%, 7d avg +0.008%

Together, before fees−0.208%−$21 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: Bitget is 0.242% dearer against MEXC than usual: you sell high and buy low, +$24 on $10k if it goes back to its 7-day average of +0.008%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC FET_USDT	0.2000	0.0100	pay 0.0100% / 8h	4h 07m	$36.6M	$24.4M	200x
Short	Bitget FETUSDT	0.2005	0.0100	get 0.0100% / 8h	4h 07m	$16.3M	$11.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.250%Rate

Funding earned: $0
Price spread: +0.250% → +0.008%: $24.23
Slippage, 4 orders: −$21.45
Fee MEXC: 0 bp × 2 orders: $0
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$9.22
Costs to cover: 0.334%
Break-even: never at this rate

Slippage from MEXC: live order book, 1 min ago; Bitget: live order book, 1 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, 1 min ago	2.50 bp	2.5 bp −$2	8.5 bp −$85	59.0 bp −$5,897	183.0 bp −$91.5K
Sell Bitget live order book, 1 min ago	4.99 bp	14.5 bp −$14	28.5 bp −$285	doesn't fit	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	−0.2243%	1h	0.2001	+0.050%	$16K	$219K	10x	as long as short
Gate FET_USDT	−0.0123%	8h	0.1998	−0.100%	$2.7M	$11.7M	50x	as long as short
gTrade (Gains Network) FET/USD	L +0.0006% / S −0.0012%	1h	0.2000	+0.022%	$31K	—	150x	as long as short
Coinbase International FET-PERP-INTX	+0.0064%	1h	0.2009	+0.450%	$180K	$137K	50x	as long as short
Orderly PERP_FET_USDC	+0.0080%	8h	0.2000	0.000%	$37K	$4K	10x	as long as short
Hyperliquid FET	+0.0100%	1h	0.2003	+0.135%	$9.0M	$6.9M	5x	as long as short
Aster FETUSDT	+0.0100%	8h	0.2002	+0.079%	$340K	$519K	10x	as long as short
Binance FETUSDT	+0.0100%	8h	0.2001	+0.032%	$31.2M	$106.2M	75x	as long as short
OKX FET-USDT-SWAP	+0.0100%	4h	0.2005	+0.250%	$844K	$7.4M	20x	as long as short
MEXC FET_USDTlong	+0.0100%	8h	0.2000	long leg	$36.6M	$24.4M	200x

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin FETUSDTM	+0.0100%	8h	0.2000	0.000%	$10.2M	$18.2M	50x	as long as short
Bitget FETUSDTshort	+0.0100%	8h	0.2005	+0.250%	$16.3M	$11.3M	75x
BingX FET-USDT	+0.0100%	8h	0.2001	+0.050%	—	$5.5M	—	as long as short
Variational Omni FET	+0.0100%	8h	0.2009	+0.474%	$270K	$299K	—	as long as short
Extended FET-USD	+0.0104%	1h	0.2002	+0.075%	$32K	$144K	10x	as long as short
GMX FET/USD [ETH-USDC]	L +0.0201% / S −0.0278%	1h	0.2000	+0.018%	$13K	—	100x	as long as short
BloFin FET-USDT	+0.0220%	8h	0.2003	+0.150%	$1.7M	$2.5M	100x	as long as short
Phoenix FET	+0.0397%	1h	0.2011	+0.550%	$27K	$54K	5x	as long as short
Kraken Futures PF_FETUSD	+0.0422%	1h	0.2002	+0.111%	$1.1M	$2.1M	50x	as long as short
Injective FET/USDC PERP	+0.1604%	1h	0.2000	0.000%	$3K	$94K	12x	as long as short