Funding arb · Price arb /

FET

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.011%

Price spread now: Gate against MEXC−0.100%7-day average −0.018% · you buy dearer than you sell

Net, funding: paid 7d − costs−$42as in the Funding arb table

Net, price: spread back to 7d avg − costs−$46as in the Price arb table

costs, in and out, $10k−$380.381% of the position

Long on MEXC Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.036%−$4 on $10k

Price spread, last 7 days+0.069%+$7 · spread now −0.100%, 7d avg −0.018%

Together, before fees+0.033%+$3 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: Gate is 0.082% cheaper against MEXC than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of −0.018%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC FET_USDT	0.1994	0.0100	pay 0.0100% / 8h	2h 35m	$29.6M	$25.0M	200x
Short	Gate FET_USDT	0.1992	0.0100	get 0.0100% / 8h	2h 35m	$2.6M	$12.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.100%Rate

Funding earned: $0
Price spread: −0.100% → −0.018%: −$8.19
Slippage, 4 orders: −$23.11
Fee MEXC: 0 bp × 2 orders: $0
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$46.3
Costs to cover: 0.381%
Break-even: never at this rate

Slippage from MEXC: live order book, 4 min ago; Gate: live order book, 3 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	2.52 bp	3.8 bp −$4	9.1 bp −$91	46.6 bp −$4,659	175.6 bp −$87.8K
Sell Gate live order book, 3 min ago	2.53 bp	18.5 bp −$18	57.4 bp −$574	85.6 bp −$8,559	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	−0.2748%	1h	0.1995	+0.050%	$38K	$299K	10x	as long as short
Coinbase International FET-PERP-INTX	−0.1152%	1h	0.1995	+0.050%	$149K	$259K	50x	as long as short
gTrade (Gains Network) FET/USD	L +0.0006% / S −0.0004%	1h	0.1992	−0.086%	$20K	—	150x	as long as short
Injective FET/USDC PERP	+0.0033%	1h	0.2010	+0.802%	$3K	$166K	12x	as long as short
Aster FETUSDT	+0.0100%	8h	0.1993	−0.063%	$191K	$810K	10x	as long as short
Binance FETUSDT	+0.0100%	8h	0.1995	+0.050%	$30.4M	$114.5M	75x	as long as short
Gate FET_USDTshort	+0.0100%	8h	0.1992	−0.100%	$2.6M	$12.8M	50x
MEXC FET_USDTlong	+0.0100%	8h	0.1994	long leg	$29.6M	$25.0M	200x
KuCoin FETUSDTM	+0.0100%	8h	0.1993	−0.050%	$10.4M	$18.5M	50x	as long as short
Variational Omni FET	+0.0100%	8h	0.1986	−0.392%	$273K	$479K	—	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	0.1994	0.000%	$37K	$7K	10x	as long as short
Extended FET-USD	+0.0104%	1h	0.1995	+0.074%	$33K	$198K	10x	as long as short
BingX FET-USDT	+0.0193%	8h	0.1994	0.000%	—	$6.0M	—	as long as short
Bitget FETUSDT	+0.0196%	8h	0.1995	+0.050%	$16.1M	$11.9M	75x	as long as short
GMX FET/USD [ETH-USDC]	L +0.0201% / S −0.0301%	1h	0.1992	−0.108%	$13K	—	100x	as long as short
BloFin FET-USDT	+0.0220%	8h	0.1994	0.000%	$1.7M	$3.2M	100x	as long as short
OKX FET-USDT-SWAP	+0.0365%	4h	0.1993	−0.050%	$982K	$8.1M	20x	as long as short
Kraken Futures PF_FETUSD	+0.0460%	1h	0.1997	+0.141%	$991K	$2.2M	50x	as long as short
Phoenix FET	+0.0649%	1h	0.1988	−0.306%	$34K	$37K	5x	as long as short
Hyperliquid FET	+0.0893%	1h	0.1995	+0.055%	$8.5M	$8.4M	5x	as long as short