Funding arb · Price arb /

FARTCOIN

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0151%/8h= +16.6% APRpaid last 24h +0.041%

Price spread now: Phoenix against Bybit−0.362%7-day average +0.106% · you buy dearer than you sell

Net, funding: paid 7d − costs−$15as in the Funding arb table

Net, price: spread back to 7d avg − costs−$116as in the Price arb table

costs, in and out, $10k−$690.693% of the position

Long on Bybit Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days+0.539%+$54 on $10k

Price spread, last 4 days (all we have)+0.743%+$74 · spread now −0.362%, 7d avg +0.106%

Together, before fees+1.282%+$128 on $10k · with fees, hour by hour

Funding pays, the price is against you. Phoenix is 0.468% cheaper against Bybit than usual: you would sell low and buy high (spread −0.362% now, against its 7-day average of +0.106%). If the spread goes back, that is −$47 on $10k: about 10 days of funding at the current rate (+$5 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit FARTCOINUSDT	0.2016	0.0516	pay 0.0258% / 4h	3h 12m	$31.2M	$63.1M	50x
Short	Phoenix FARTCOIN	0.2008	0.0668	get 0.0083% / 1h	12m 50s	$158K	$233K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against Bybit. 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 BybitbpFee PhoenixbpOrdersPrice spread, now −0.362%Rate

Funding earned: $31.78
Price spread: −0.362% → +0.106%: −$46.81
Slippage, 4 orders: −$51.31
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$84.35
Costs to cover: 0.693%
Break-even: 25.6 days

Slippage from Bybit: live order book, 1 min ago; Phoenix: live order book, 15 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 Bybit live order book, 1 min ago	0.25 bp	13.7 bp −$14	45.1 bp −$451	doesn't fit	doesn't fit
Sell Phoenix live order book, 15 min ago	3.01 bp	20.3 bp −$20	58.6 bp −$586	doesn't fit	doesn't fit

FARTCOIN on 36 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
gTrade (Gains Network) FARTCOIN/USD	L +0.0005% / S −0.0006%	1h	0.2009	−0.309%	$9K	—	150x	as long as short
Injective FARTCOIN/USDC PERP	+0.0033%	1h	0.1984	−1.563%	$1K	$5	5.5x	as long as short
Lighter FARTCOIN	+0.0096%	1h	0.2013	−0.134%	$574K	$1.9M	10x	as long as short
OKX FARTCOIN-USDT-SWAP	+0.0100%	4h	0.2016	+0.025%	$4.8M	$19.8M	20x	as long as short
Bulk FARTCOIN-USD	+0.0100%	1h	0.2012	−0.186%	$83K	$3K	10x	as long as short
Polymarket Perps FARTCOIN-USD	+0.0100%	1h	0.2010	−0.273%	$109K	$973K	10x	as long as short
SunX FARTCOIN-USDT	+0.0100%	4h	0.2013	−0.119%	$2K	$1.9M	20x	as long as short
SoDEX FARTCOIN-USD	+0.0100%	1h	0.2011	−0.223%	$161K	$7K	10x	as long as short
HTX FARTCOIN-USDT	+0.0100%	4h	0.2013	−0.134%	$69K	$161K	20x	as long as short
Aevo FARTCOIN-PERP	+0.0152%	1h	0.2013	−0.149%	$32K	—	3x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster FARTCOINUSDT	+0.0172%	4h	0.2013	−0.143%	$66K	$254K	5x	as long as short
Extended FARTCOIN-USD	+0.0176%	1h	0.2015	−0.049%	$194K	$1.6M	25x	as long as short
Binance FARTCOINUSDT	+0.0284%	4h	0.2016	+0.011%	$19.6M	$95.6M	75x	as long as short
Bitget FARTCOINUSDT	+0.0288%	4h	0.2011	−0.223%	$14.1M	$19.3M	50x	as long as short
Backpack FARTCOIN_USDC_PERP	+0.0299%	1h	0.2011	−0.203%	$67K	$304K	10x	as long as short
Deribit FARTCOIN_USDC-PERPETUAL	+0.0347%	1h	0.2010	−0.263%	$119K	$51K	25x	as long as short
Hyperliquid FARTCOIN	+0.0353%	1h	0.2014	−0.074%	$48.2M	$40.9M	10x	as long as short
Pacifica FARTCOIN	+0.0372%	1h	0.2012	−0.174%	$187K	$509K	10x	as long as short
GRVT FARTCOIN_USDT_Perp	+0.0392%	4h	0.2014	−0.070%	$252K	$4.7M	10x	as long as short
ApeX Omni FARTCOINUSDT	+0.0399%	1h	0.2011	−0.223%	$28K	$190K	50x	as long as short
Variational Omni FARTCOIN	+0.0411%	4h	0.2016	+0.020%	$1.1M	$3.0M	—	as long as short
Reya FARTCOINRUSDPERP	+0.0411%	1h	0.2011	−0.219%	$0	—	5x	as long as short
GMX FARTCOIN/USD [WBTC.b-USDC]	L +0.0438% / S −0.0523%	1h	0.2009	−0.329%	$56K	—	100x	as long as short
BingX FARTCOIN-USDT	+0.0485%	4h	0.2011	−0.223%	—	$14.1M	—	as long as short
Nado FARTCOIN-PERP	+0.0507%	1h	0.2014	−0.096%	$800K	$858K	10x	as long as short
Bybit FARTCOINUSDTlong	+0.0516%	4h	0.2016	long leg	$31.2M	$63.1M	50x
BloFin FARTCOIN-USDT	+0.0524%	4h	0.2014	−0.074%	$989K	$2.4M	75x	as long as short
MEXC FARTCOIN_USDT	+0.0548%	4h	0.2014	−0.084%	$25.5M	$16.1M	100x	as long as short
Gate FARTCOIN_USDT	+0.0552%	4h	0.2014	−0.055%	$11.5M	$10.3M	75x	as long as short
01 Exchange FARTCOINUSD	+0.0616%	1h	0.2014	−0.060%	$413	$477	10x	as long as short
KuCoin FARTCOINUSDTM	+0.0666%	4h	0.2016	+0.025%	$11.1M	$15.6M	50x	as long as short
Phoenix FARTCOINshort	+0.0668%	1h	0.2008	−0.362%	$158K	$233K	10x
Orderly PERP_FARTCOIN_USDC	+0.0731%	4h	0.2012	−0.174%	$26K	$4K	20x	as long as short
Arcus FARTCOIN-USD	+0.0956%	1h	0.2014	−0.074%	$17K	$98K	10x	as long as short
Coinbase International FARTCOIN-PERP-INTX	+0.1184%	1h	0.2021	+0.253%	$1.2M	$10.3M	50x	as long as short
Kraken Futures PF_FARTCOINUSD	+0.1210%	1h	0.2011	−0.216%	$821K	$2.6M	50x	as long as short