Funding you earn now, next payment 06:00 UTC+0.0441%/8h= +48.3% APRpaid last 24h +0.079%
Price spread now: Phoenix against BingX+0.254%94s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.228%+$23 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$13 a day on $10k at the current rate, and Phoenix is 0.254% dearer against BingX than usual: you sell high and buy low: +$25 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 94 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.228% in total (about 11.9% a year). A funding rate is set anew for every payment. 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 | BingX FET-USDT | 0.2005 | 0.0194 | pay 0.0194% / 8h | 1h 03m | — | $5.9M | — |
| Short | Phoenix FET | 0.2010 | 0.0635 | get 0.0079% / 1h | 3m 45s | $35K | $38K | 5x |
BingX FET-USDT
Phoenix FETFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against BingX. 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
- $92.61
- Price spread: +0.254% → 0.000%
- $25.44
- Slippage, 4 orders
- no order book: not counted
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $101.05
- Costs to cover
- 0.170%
- Break-even
- from the start
Slippage unknown: BingX: live order book, 2 min ago; Phoenix: no order-book sample. Net counts fees only.
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 BingX live order book, 2 min ago | 7.48 bp | 14.0 bp −$14 | 20.2 bp −$202 | 80.8 bp −$8,082 | 374.1 bp −$187.0K |
| Sell Phoenix no order-book sample | — | — | — | — | — |
Phoenix: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.4225% | 1h | 0.2002 | −0.150% | $41K | $313K | 10x | as long as short |
| Coinbase International FET-PERP-INTX | −0.0688% | 1h | 0.2012 | +0.349% | $151K | $264K | 50x | as long as short |
| gTrade (Gains Network) FET/USD | L +0.0006% / S −0.0004% | 1h | 0.2001 | −0.216% | $20K | — | 150x | as long as short |
| Injective FET/USDC PERP | +0.0033% | 1h | 0.2010 | +0.249% | $3K | $166K | 12x | as long as short |
| Aster FETUSDT | +0.0100% | 8h | 0.2008 | +0.139% | $187K | $817K | 10x | as long as short |
| Gate FET_USDT | +0.0100% | 8h | 0.2003 | −0.100% | $2.6M | $12.9M | 50x | as long as short |
| KuCoin FETUSDTM | +0.0100% | 8h | 0.2005 | 0.000% | $10.5M | $18.2M | 50x | as long as short |
| Variational Omni FET | +0.0100% | 8h | 0.2008 | +0.157% | $285K | $506K | — | as long as short |
| Orderly PERP_FET_USDC | +0.0100% | 8h | 0.2001 | −0.200% | $36K | $11K | 10x | as long as short |
| MEXC FET_USDT | +0.0132% | 8h | 0.2007 | +0.100% | $29.6M | $25.3M | 200x | as long as short |
Deribit FET_USDC-PERPETUAL
Coinbase International FET-PERP-INTX
gTrade (Gains Network) FET/USD
Injective FET/USDC PERP
Aster FETUSDT
Gate FET_USDT
KuCoin FETUSDTM
Variational Omni FET
Orderly PERP_FET_USDC
MEXC FET_USDTShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance FETUSDT | +0.0133% | 8h | 0.2008 | +0.143% | $30.7M | $114.2M | 75x | as long as short |
| Extended FET-USD | +0.0136% | 1h | 0.2005 | +0.002% | $37K | $203K | 10x | as long as short |
| Bitget FETUSDT | +0.0194% | 8h | 0.2008 | +0.150% | $16.3M | $11.8M | 75x | as long as short |
| BingX FET-USDTlong | +0.0194% | 8h | 0.2005 | long leg | — | $5.9M | — | |
| GMX FET/USD [ETH-USDC] | L +0.0201% / S −0.0301% | 1h | 0.2000 | −0.237% | $13K | — | 100x | as long as short |
| BloFin FET-USDT | +0.0253% | 8h | 0.2006 | +0.050% | $1.7M | $3.2M | 100x | as long as short |
| OKX FET-USDT-SWAP | +0.0381% | 4h | 0.2008 | +0.150% | $992K | $8.1M | 20x | as long as short |
| Phoenix FETshort | +0.0635% | 1h | 0.2010 | +0.254% | $35K | $38K | 5x | |
| Kraken Futures PF_FETUSD | +0.0649% | 1h | 0.2004 | −0.055% | $989K | $2.2M | 50x | as long as short |
| Hyperliquid FET | +0.0668% | 1h | 0.2009 | +0.185% | $8.5M | $8.4M | 5x | as long as short |
Binance FETUSDT
Extended FET-USD
Bitget FETUSDT
GMX FET/USD [ETH-USDC]
BloFin FET-USDT
OKX FET-USDT-SWAP
Kraken Futures PF_FETUSD
Hyperliquid FET