Funding arb · Price arb /

FET

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0056%/8h= −6.1% APRpaid last 24h 0.000%

Price spread now: Aster against OKX+0.099%7-day average +0.041% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$87as in the Price arb table

costs, in and out, $10k−$930.926% of the position

Long on OKX Short on Aster

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.009%+$1 on $10k

Price spread, last 4 days (all we have)+0.003%$0 · spread now +0.099%, 7d avg +0.041%

Together, before fees+0.012%+ Points / potential airdropAster: Stage 5 · farm board+$1 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Aster is 0.058% dearer against OKX than usual: you sell high and buy low (spread +0.099% now, against its 7-day average of +0.041%): +$6 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 3.5 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX FET-USDT-SWAP	0.2012	0.0156	pay 0.0078% / 4h	1h 28m	$855K	$7.5M	20x
Short	Aster FETUSDT	0.2014	0.0100	get 0.0100% / 8h	1h 28m	$342K	$535K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against OKX. 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 OKXbpFee AsterbpOrdersPrice spread, now +0.099%Rate

Funding earned: −$11.73
Price spread: +0.099% → +0.041%: $5.8
Slippage, 4 orders: −$74.6
Fee OKX: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$98.53
Costs to cover: 0.926%
Break-even: never at this rate

Slippage from OKX: live order book, 5 min ago; Aster: live order book, 54 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 OKX live order book, 5 min ago	2.48 bp	16.6 bp −$17	54.5 bp −$545	doesn't fit	doesn't fit
Sell Aster live order book, 54 min ago	12.38 bp	21.1 bp −$21	doesn't fit	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	−0.3215%	1h	0.2013	+0.050%	$27K	$200K	10x	as long as short
Coinbase International FET-PERP-INTX	−0.0744%	1h	0.2016	+0.199%	$151K	$200K	50x	as long as short
gTrade (Gains Network) FET/USD	L +0.0006% / S −0.0012%	1h	0.2015	+0.131%	$32K	—	150x	as long as short
Gate FET_USDT	+0.0060%	8h	0.2011	−0.050%	$2.7M	$11.9M	50x	as long as short
Aster FETUSDTshort	+0.0100%	8h	0.2014	+0.099%	$342K	$535K	10x
Binance FETUSDT	+0.0100%	8h	0.2010	−0.082%	$31.4M	$107.5M	75x	as long as short
MEXC FET_USDT	+0.0100%	8h	0.2011	−0.050%	$34.5M	$25.1M	200x	as long as short
KuCoin FETUSDTM	+0.0100%	8h	0.2012	0.000%	$10.3M	$19.1M	50x	as long as short
Variational Omni FET	+0.0100%	8h	0.2010	−0.087%	$274K	$317K	—	as long as short
Orderly PERP_FET_USDC	+0.0100%	8h	0.2012	0.000%	$37K	$5K	10x	as long as short

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended FET-USD	+0.0104%	1h	0.2014	+0.080%	$34K	$190K	10x	as long as short
Hyperliquid FET	+0.0139%	1h	0.2013	+0.050%	$8.9M	$7.9M	5x	as long as short
OKX FET-USDT-SWAPlong	+0.0156%	4h	0.2012	long leg	$855K	$7.5M	20x
GMX FET/USD [ETH-USDC]	L +0.0201% / S −0.0278%	1h	0.2013	+0.035%	$13K	—	100x	as long as short
BloFin FET-USDT	+0.0220%	8h	0.2012	0.000%	$1.7M	$2.6M	100x	as long as short
BingX FET-USDT	+0.0299%	8h	0.2013	+0.050%	—	$5.6M	—	as long as short
Bitget FETUSDT	+0.0323%	8h	0.2012	0.000%	$16.2M	$11.5M	75x	as long as short
Kraken Futures PF_FETUSD	+0.0360%	1h	0.2014	+0.075%	$1.0M	$2.2M	50x	as long as short
Injective FET/USDC PERP	+0.0553%	1h	0.2010	−0.099%	$3K	$166K	12x	as long as short
Phoenix FET	+0.0599%	1h	0.2014	+0.109%	$27K	$36K	5x	as long as short