Funding you earn now, next payment 07:00 UTC+0.0171%/8h= +18.7% APRnext payment +$0.21 per $10,000 · paid last 24h −0.114%
Price spread now: Phoenix against Hyperliquid+0.110%7-day average +0.061% · 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−$59as in the Price arb table
costs, in and out, $10k−$640.643% of the position
Funding, last 7 days+0.337%+$34 on $10k
+Price spread, last 4 days (all we have)+0.102%+$10 · spread now +0.110%, 7d avg +0.061%
=Together, before fees+0.438%+ Points / potential airdropHyperliquid: Season 2 · farm board+$44 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Phoenix is 0.048% dearer against Hyperliquid than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.061%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid FARTCOIN | 0.2002 | 0.0466 | pay 0.0058% / 1h | 53m 02s | $48.0M | $39.3M | 10x |
| Short | Phoenix FARTCOIN | 0.2004 | 0.0637 | get 0.0080% / 1h | 53m 02s | $158K | $233K | 10x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Hyperliquid. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $35.82
- Price spread: +0.110% → +0.061%
- $4.85
- Slippage, 4 orders
- −$48.25
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$23.59
- Costs to cover
- 0.643%
- Break-even
- 11.6 days
Slippage from Hyperliquid: live order book, 10 min ago; Phoenix: live order book, 44 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 Hyperliquid live order book, 10 min ago | 1.98 bp | 11.3 bp −$11 | doesn't fit | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 44 min ago | 3.02 bp | 20.3 bp −$20 | 58.5 bp −$585 | 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 −0.0004% | 1h | 0.1997 | −0.237% | $1K | — | 150x | as long as short |
| Injective FARTCOIN/USDC PERP | +0.0033% | 1h | 0.1984 | −0.884% | $1K | $5 | 5.5x | as long as short |
| OKX FARTCOIN-USDT-SWAP | +0.0100% | 4h | 0.2001 | −0.035% | $4.7M | $19.3M | 20x | as long as short |
| Bulk FARTCOIN-USD | +0.0100% | 1h | 0.2008 | +0.315% | $79K | −$0 | 10x | as long as short |
| Backpack FARTCOIN_USDC_PERP | +0.0100% | 1h | 0.2000 | −0.105% | $69K | $334K | 10x | as long as short |
| ApeX Omni FARTCOINUSDT | +0.0100% | 1h | 0.2008 | +0.315% | $28K | $192K | 50x | as long as short |
| SunX FARTCOIN-USDT | +0.0100% | 4h | 0.2002 | +0.025% | $2K | $1.9M | 20x | as long as short |
| SoDEX FARTCOIN-USD | +0.0100% | 1h | 0.2001 | −0.035% | $160K | $7K | 10x | as long as short |
| HTX FARTCOIN-USDT | +0.0100% | 4h | 0.2004 | +0.090% | $69K | $161K | 20x | as long as short |
| Polymarket Perps FARTCOIN-USD | +0.0103% | 1h | 0.2001 | −0.045% | $109K | $973K | 10x | as long as short |
Show all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended FARTCOIN-USD | +0.0104% | 1h | 0.2000 | −0.093% | $205K | $1.6M | 25x | as long as short |
| Lighter FARTCOIN | +0.0120% | 1h | 0.2001 | −0.025% | $596K | $1.8M | 10x | as long as short |
| Aevo FARTCOIN-PERP | +0.0144% | 1h | 0.1999 | −0.118% | $32K | — | 3x | as long as short |
| MEXC FARTCOIN_USDT | +0.0154% | 4h | 0.1999 | −0.110% | $24.7M | $15.8M | 100x | as long as short |
| Bybit FARTCOINUSDT | +0.0154% | 4h | 0.2001 | −0.045% | $31.2M | $61.8M | 50x | as long as short |
| Pacifica FARTCOIN | +0.0170% | 1h | 0.2000 | −0.076% | $187K | $503K | 10x | as long as short |
| Aster FARTCOINUSDT | +0.0177% | 4h | 0.2001 | −0.038% | $83K | $235K | 5x | as long as short |
| Binance FARTCOINUSDT | +0.0236% | 4h | 0.2001 | −0.035% | $19.4M | $94.0M | 75x | as long as short |
| Deribit FARTCOIN_USDC-PERPETUAL | +0.0301% | 1h | 0.1999 | −0.155% | $119K | $57K | 25x | as long as short |
| BingX FARTCOIN-USDT | +0.0306% | 4h | 0.2000 | −0.085% | — | $14.9M | — | as long as short |
| Bitget FARTCOINUSDT | +0.0308% | 4h | 0.2001 | −0.035% | $14.0M | $19.0M | 50x | as long as short |
| Variational Omni FARTCOIN | +0.0312% | 4h | 0.2004 | +0.124% | $1.0M | $3.2M | — | as long as short |
| Gate FARTCOIN_USDT | +0.0336% | 4h | 0.1999 | −0.145% | $11.2M | $10.0M | 75x | as long as short |
| GRVT FARTCOIN_USDT_Perp | +0.0350% | 4h | 0.2010 | +0.397% | $250K | $4.7M | 10x | as long as short |
| Reya FARTCOINRUSDPERP | +0.0411% | 1h | 0.2000 | −0.079% | $0 | — | 5x | as long as short |
| KuCoin FARTCOINUSDTM | +0.0436% | 4h | 0.2002 | +0.015% | $11.0M | $15.8M | 50x | as long as short |
| GMX FARTCOIN/USD [WBTC.b-USDC] | L +0.0438% / S −0.0523% | 1h | 0.1997 | −0.244% | $56K | — | 100x | as long as short |
| Nado FARTCOIN-PERP | +0.0461% | 1h | 0.2002 | +0.026% | $794K | $834K | 10x | as long as short |
| Hyperliquid FARTCOINlong | +0.0466% | 1h | 0.2002 | long leg | $48.0M | $39.3M | 10x | |
| BloFin FARTCOIN-USDT | +0.0476% | 4h | 0.2003 | +0.065% | $993K | $2.3M | 75x | as long as short |
| 01 Exchange FARTCOINUSD | +0.0480% | 1h | 0.2002 | +0.010% | $411 | $477 | 10x | as long as short |
| Phoenix FARTCOINshort | +0.0637% | 1h | 0.2004 | +0.110% | $158K | $233K | 10x | |
| Orderly PERP_FARTCOIN_USDC | +0.0685% | 4h | 0.2000 | −0.085% | $25K | $4K | 20x | as long as short |
| Arcus FARTCOIN-USD | +0.0826% | 1h | 0.2002 | +0.015% | $14K | $87K | 10x | as long as short |
| Kraken Futures PF_FARTCOINUSD | +0.0880% | 1h | 0.2001 | −0.034% | $817K | $2.4M | 50x | as long as short |
| Coinbase International FARTCOIN-PERP-INTX | +0.1056% | 1h | 0.2015 | +0.669% | $1.2M | $9.8M | 50x | as long as short |
Hyperliquid FARTCOIN
Phoenix FARTCOIN
gTrade (Gains Network) FARTCOIN/USD
Injective FARTCOIN/USDC PERP
OKX FARTCOIN-USDT-SWAP
Bulk FARTCOIN-USD
Backpack FARTCOIN_USDC_PERP
ApeX Omni FARTCOINUSDT
SunX FARTCOIN-USDT
SoDEX FARTCOIN-USD
HTX FARTCOIN-USDT
Polymarket Perps FARTCOIN-USD
Extended FARTCOIN-USD
Lighter FARTCOIN
MEXC FARTCOIN_USDT
Bybit FARTCOINUSDT
Pacifica FARTCOIN
Aster FARTCOINUSDT
Binance FARTCOINUSDT
Deribit FARTCOIN_USDC-PERPETUAL
BingX FARTCOIN-USDT
Bitget FARTCOINUSDT
Variational Omni FARTCOIN
Gate FARTCOIN_USDT
GRVT FARTCOIN_USDT_Perp
KuCoin FARTCOINUSDTM
GMX FARTCOIN/USD [WBTC.b-USDC]
BloFin FARTCOIN-USDT
01 Exchange FARTCOINUSD
Kraken Futures PF_FARTCOINUSD
Coinbase International FARTCOIN-PERP-INTX