Funding arb · Price arb /

FARTCOIN

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0138%/8h= −15.1% APRpaid last 24h −0.038%

Price spread now: MEXC against Phoenix−0.565%47s7-day average −0.108% · you buy dearer than you sell

Net, funding: paid 7d − costs−$102as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$490.492% of the position

Long on Phoenix Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.533%−$53 on $10k

Price spread, last 4 days (all we have)+0.238%+$24 · spread now −0.565%, 7d avg −0.108%

Together, before fees−0.294%−$29 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and MEXC is 0.457% cheaper against Phoenix than usual: you would sell low and buy high (−$46 if the spread goes back to its 7-day average of −0.108%). Swap the legs. The two prices were read 47 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix FARTCOIN	0.2036	0.0238	pay 0.0030% / 1h	52m 30s	$160K	$219K	10x
Short	MEXC FARTCOIN_USDT	0.2025	0.0100	get 0.0050% / 4h	2h 52m	$25.2M	$15.2M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.565%Rate

Funding earned: −$28.94
Price spread: −0.565% → −0.108%: −$45.73
Slippage, 4 orders: −$42.17
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee MEXC: 0 bp × 2 orders: $0
Net: −$123.83
Costs to cover: 0.492%
Break-even: never at this rate

Slippage from Phoenix: live order book, 54 min ago; MEXC: live order book, 1 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, 54 min ago	2.93 bp	20.2 bp −$20	66.1 bp −$661	doesn't fit	doesn't fit
Sell MEXC live order book, 1 min ago	0.49 bp	3.9 bp −$4	39.2 bp −$392	56.3 bp −$5,631	87.6 bp −$43.8K

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
Deribit FARTCOIN_USDC-PERPETUAL	0.0000%	1h	0.2022	−0.673%	$122K	$55K	25x	as long as short
gTrade (Gains Network) FARTCOIN/USD	L +0.0005% / S −0.0004%	1h	0.2020	−0.767%	$1K	—	150x	as long as short
Injective FARTCOIN/USDC PERP	+0.0033%	1h	0.1984	−2.559%	$1K	$5	5.5x	as long as short
Bybit FARTCOINUSDT	+0.0100%	4h	0.2026	−0.471%	$31.9M	$57.8M	50x	as long as short
Bulk FARTCOIN-USD	+0.0100%	1h	0.2024	−0.577%	$80K	−$0	10x	as long as short
MEXC FARTCOIN_USDTshort	+0.0100%	4h	0.2025	−0.565%	$25.2M	$15.2M	100x
SunX FARTCOIN-USDT	+0.0100%	4h	0.2026	−0.511%	$2K	$1.8M	20x	as long as short
SoDEX FARTCOIN-USD	+0.0100%	1h	0.2024	−0.594%	$162K	$7K	10x	as long as short
HTX FARTCOIN-USDT	+0.0100%	4h	0.2029	−0.368%	$70K	$152K	20x	as long as short
Aevo FARTCOIN-PERP	+0.0168%	1h	0.2025	−0.549%	$32K	—	3x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX FARTCOIN-USDT-SWAP	+0.0218%	4h	0.2030	−0.300%	$5.1M	$17.9M	20x	as long as short
Gate FARTCOIN_USDT	+0.0234%	4h	0.2024	−0.594%	$11.4M	$9.5M	75x	as long as short
Phoenix FARTCOINlong	+0.0238%	1h	0.2036	long leg	$160K	$219K	10x
Bitget FARTCOINUSDT	+0.0240%	4h	0.2026	−0.496%	$14.2M	$18.6M	50x	as long as short
Nado FARTCOIN-PERP	+0.0261%	1h	0.2031	−0.250%	$812K	$806K	10x	as long as short
Polymarket Perps FARTCOIN-USD	+0.0282%	1h	0.2023	−0.643%	$110K	$939K	10x	as long as short
Backpack FARTCOIN_USDC_PERP	+0.0282%	1h	0.2022	−0.707%	$90K	$308K	10x	as long as short
KuCoin FARTCOINUSDTM	+0.0324%	4h	0.2023	−0.643%	$10.8M	$15.6M	50x	as long as short
Aster FARTCOINUSDT	+0.0348%	4h	0.2029	−0.361%	$85K	$230K	5x	as long as short
BingX FARTCOIN-USDT	+0.0348%	4h	0.2026	−0.496%	—	$14.6M	—	as long as short
Binance FARTCOINUSDT	+0.0349%	4h	0.2028	−0.381%	$20.0M	$88.6M	75x	as long as short
Pacifica FARTCOIN	+0.0362%	1h	0.2025	−0.545%	$195K	$476K	10x	as long as short
GRVT FARTCOIN_USDT_Perp	+0.0380%	4h	0.2034	−0.126%	$258K	$4.6M	10x	as long as short
Lighter FARTCOIN	+0.0392%	1h	0.2026	−0.516%	$667K	$1.7M	10x	as long as short
Variational Omni FARTCOIN	+0.0404%	4h	0.2047	+0.537%	$1.1M	$3.1M	—	as long as short
Reya FARTCOINRUSDPERP	+0.0411%	1h	0.2025	−0.561%	$0	—	5x	as long as short
Arcus FARTCOIN-USD	+0.0518%	1h	0.2028	−0.398%	$14K	$89K	10x	as long as short
Kraken Futures PF_FARTCOINUSD	+0.0529%	1h	0.2023	−0.646%	$780K	$2.2M	50x	as long as short
GMX FARTCOIN/USD [WBTC.b-USDC]	L +0.0557% / S −0.0712%	1h	0.2021	−0.732%	$56K	—	100x	as long as short
BloFin FARTCOIN-USDT	+0.0599%	4h	0.2025	−0.545%	$1.0M	$2.2M	75x	as long as short
Extended FARTCOIN-USD	+0.0664%	1h	0.2028	−0.400%	$240K	$1.8M	25x	as long as short
01 Exchange FARTCOINUSD	+0.0680%	1h	0.2029	−0.344%	$416	$477	10x	as long as short
Orderly PERP_FARTCOIN_USDC	+0.0844%	4h	0.2024	−0.594%	$25K	$4K	20x	as long as short
Coinbase International FARTCOIN-PERP-INTX	+0.1008%	1h	0.2028	−0.378%	$1.0M	$9.2M	50x	as long as short
Hyperliquid FARTCOIN	+0.1369%	1h	0.2026	−0.476%	$49.5M	$35.4M	10x	as long as short
ApeX Omni FARTCOINUSDT	+0.3449%	1h	0.2037	+0.044%	$29K	$201K	50x	as long as short