FARTCOIN

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0457%/8h= −50.1% APRnext payment −$0.57 per $10,000 · paid last 24h −0.081%

Price spread now: Backpack against Phoenix+0.685%7-day average −0.178% · you sell dearer than you buy

Net, funding: paid 7d − costs−$53as in the Funding arb table

Net, price: spread back to 7d avg − costs+$29as in the Price arb table

costs, in and out, $10k−$570.569% of the position

Long on Phoenix Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 7 days+0.042%+$4 on $10k

Price spread, last 4 days (all we have)−0.938%−$94 · spread now +0.685%, 7d avg −0.178%

Together, before fees−0.896%−$90 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Backpack is 0.863% dearer against Phoenix than usual: you sell high and buy low (spread +0.685% now, against its 7-day average of −0.178%): +$86 on $10k if it goes back. Holding the pair costs −$14 a day in funding at the current rate, which eats that in about 6.3 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.042% in total (about 2.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.57 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix FARTCOIN	0.1912	0.0661	pay 0.0083% / 1h	42m 41s	$151K	$218K	10x
Short	Backpack FARTCOIN_USDC_PERP	0.1925	0.0204	get 0.0025% / 1h	42m 41s	$81K	$254K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against Phoenix. 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 PhoenixbpFee BackpackbpOrdersPrice spread, now +0.685%Rate

Funding earned: −$96.04
Price spread: +0.685% → −0.178%: $86.32
Slippage, 4 orders: −$39.85
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$66.57
Costs to cover: 0.569%
Break-even: from the start

Slippage from Phoenix: live order book, 15 min ago; Backpack: live order book, 21 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 Phoenix live order book, 15 min ago	3.11 bp	20.3 bp −$20	66.4 bp −$664	doesn't fit	doesn't fit
Sell Backpack live order book, 21 min ago	0.26 bp	6.7 bp −$7	doesn't fit	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 0.0000%	1h	0.1919	+0.387%	$14K	—	150x	as long as short
Injective FARTCOIN/USDC PERP	+0.0033%	1h	0.1984	+3.787%	$1K	$2K	5.5x	as long as short
SunX FARTCOIN-USDT	+0.0100%	4h	0.1923	+0.623%	$2K	$1.7M	20x	as long as short
HTX FARTCOIN-USDT	+0.0100%	4h	0.1923	+0.607%	$67K	$151K	20x	as long as short
Polymarket Perps FARTCOIN-USD	+0.0157%	1h	0.1921	+0.507%	$108K	$882K	10x	as long as short
Aevo FARTCOIN-PERP	+0.0176%	1h	0.1917	+0.270%	$31K	—	3x	as long as short
Gate FARTCOIN_USDT	+0.0178%	4h	0.1923	+0.623%	$10.9M	$8.6M	75x	as long as short
OKX FARTCOIN-USDT-SWAP	+0.0182%	4h	0.1925	+0.701%	$4.7M	$15.0M	20x	as long as short
Bulk FARTCOIN-USD	+0.0200%	1h	0.1915	+0.160%	$76K	$2K	10x	as long as short
Backpack FARTCOIN_USDC_PERPshort	+0.0204%	1h	0.1925	+0.685%	$81K	$254K	10x

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX FARTCOIN-USD	+0.0207%	1h	0.1926	+0.753%	$154K	$7K	10x	as long as short
KuCoin FARTCOINUSDTM	+0.0302%	4h	0.1926	+0.753%	$10.1M	$15.6M	50x	as long as short
Pacifica FARTCOIN	+0.0311%	1h	0.1927	+0.784%	$180K	$422K	10x	as long as short
GMX FARTCOIN/USD [WBTC.b-USDC]	L +0.0340% / S −0.0046%	1h	0.1919	+0.394%	$73K	—	100x	as long as short
Bitget FARTCOINUSDT	+0.0380%	4h	0.1923	+0.596%	$13.6M	$17.2M	50x	as long as short
Binance FARTCOINUSDT	+0.0389%	4h	0.1926	+0.753%	$18.4M	$78.3M	75x	as long as short
Reya FARTCOINRUSDPERP	+0.0411%	1h	0.1923	+0.580%	$0	—	5x	as long as short
Aster FARTCOINUSDT	+0.0413%	4h	0.1921	+0.504%	$81K	$192K	5x	as long as short
GRVT FARTCOIN_USDT_Perp	+0.0434%	4h	0.1909	−0.158%	$243K	$4.3M	10x	as long as short
BingX FARTCOIN-USDT	+0.0538%	4h	0.1923	+0.596%	—	$14.4M	—	as long as short
Nado FARTCOIN-PERP	+0.0606%	1h	0.1923	+0.577%	$760K	$698K	10x	as long as short
BloFin FARTCOIN-USDT	+0.0616%	4h	0.1923	+0.596%	$959K	$2.0M	75x	as long as short
MEXC FARTCOIN_USDT	+0.0652%	4h	0.1925	+0.711%	$31.9M	$14.3M	100x	as long as short
Phoenix FARTCOINlong	+0.0661%	1h	0.1912	long leg	$151K	$218K	10x
Extended FARTCOIN-USD	+0.0664%	1h	0.1923	+0.581%	$207K	$2.0M	25x	as long as short
Bybit FARTCOINUSDT	+0.0672%	4h	0.1925	+0.691%	$29.7M	$52.9M	50x	as long as short
Variational Omni FARTCOIN	+0.0736%	4h	0.1912	+0.003%	$793K	$2.8M	—	as long as short
Hyperliquid FARTCOIN	+0.0746%	1h	0.1926	+0.732%	$42.4M	$28.7M	10x	as long as short
Kraken Futures PF_FARTCOINUSD	+0.0757%	1h	0.1925	+0.707%	$744K	$1.9M	50x	as long as short
Lighter FARTCOIN	+0.0760%	1h	0.1926	+0.759%	$619K	$1.3M	10x	as long as short
01 Exchange FARTCOINUSD	+0.0792%	1h	0.1929	+0.900%	$396	$386	10x	as long as short
Arcus FARTCOIN-USD	+0.0833%	1h	0.1925	+0.701%	$14K	$112K	10x	as long as short
Orderly PERP_FARTCOIN_USDC	+0.0838%	4h	0.1924	+0.649%	$24K	$3K	20x	as long as short
ApeX Omni FARTCOINUSDT	+0.0844%	1h	0.1917	+0.282%	$24K	$210K	50x	as long as short
Coinbase International FARTCOIN-PERP-INTX	+0.1032%	1h	0.1923	+0.623%	$1.1M	$7.1M	50x	as long as short
Deribit FARTCOIN_USDC-PERPETUAL	+0.1312%	1h	0.1923	+0.623%	$122K	$95K	25x	as long as short