Funding you earn now, next payment 01:00 UTC+0.0128%/8h= +14.0% APRpaid last 24h +0.067%
Price spread now: Phoenix against Bitget+0.188%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.190%+$19 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 +$4 a day on $10k at the current rate, and Phoenix is 0.188% dearer against Bitget than usual: you sell high and buy low: +$19 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget FETUSDT | 0.2016 | 0.0346 | pay 0.0346% / 8h | 6h 33m | $16.2M | $11.8M | 75x |
| Short | Phoenix FET | 0.2020 | 0.0474 | get 0.0059% / 1h | 33m 28s | $35K | $43K | 5x |
Bitget FETUSDT
Phoenix FETFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Bitget. 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
- $26.8
- Price spread: +0.188% → 0.000%
- $18.85
- Slippage, 4 orders
- no order book: not counted
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $26.65
- Costs to cover
- 0.190%
- Break-even
- 0.0 days
Slippage unknown: Bitget: live order book, 5 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 Bitget live order book, 5 min ago | 2.49 bp | 15.4 bp −$15 | 38.6 bp −$386 | doesn't fit | doesn't fit |
| 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 19 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 | −0.4681% | 1h | 0.2018 | +0.099% | $29K | $231K | 10x | as long as short |
| Coinbase International FET-PERP-INTX | −0.0760% | 1h | 0.2012 | −0.198% | $147K | $215K | 50x | as long as short |
| Kraken Futures PF_FETUSD | −0.0742% | 1h | 0.2021 | +0.266% | $985K | $2.2M | 50x | as long as short |
| gTrade (Gains Network) FET/USD | L +0.0006% / S −0.0015% | 1h | 0.2012 | −0.212% | $23K | — | 150x | as long as short |
| Injective FET/USDC PERP | +0.0033% | 1h | 0.2010 | −0.298% | $3K | $166K | 12x | as long as short |
| Aster FETUSDT | +0.0100% | 8h | 0.2011 | −0.271% | $306K | $717K | 10x | as long as short |
| Binance FETUSDT | +0.0100% | 8h | 0.2014 | −0.099% | $31.1M | $112.9M | 75x | as long as short |
| Gate FET_USDT | +0.0100% | 8h | 0.2011 | −0.248% | $2.7M | $12.3M | 50x | as long as short |
| MEXC FET_USDT | +0.0100% | 8h | 0.2014 | −0.099% | $31.7M | $25.0M | 200x | as long as short |
| KuCoin FETUSDTM | +0.0100% | 8h | 0.2014 | −0.099% | $10.5M | $19.2M | 50x | as long as short |
Deribit FET_USDC-PERPETUAL
Coinbase International FET-PERP-INTX
Kraken Futures PF_FETUSD
gTrade (Gains Network) FET/USD
Injective FET/USDC PERP
Aster FETUSDT
Binance FETUSDT
Gate FET_USDT
MEXC FET_USDT
KuCoin FETUSDTMShow all 19 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni FET | +0.0100% | 8h | 0.2011 | −0.239% | $332K | $420K | — | as long as short |
| Orderly PERP_FET_USDC | +0.0100% | 8h | 0.2018 | +0.099% | $38K | $7K | 10x | as long as short |
| Extended FET-USD | +0.0104% | 1h | 0.2013 | −0.146% | $33K | $247K | 10x | as long as short |
| OKX FET-USDT-SWAP | +0.0144% | 4h | 0.2015 | −0.050% | $988K | $8.1M | 20x | as long as short |
| Hyperliquid FET | +0.0168% | 1h | 0.2015 | −0.040% | $9.0M | $8.3M | 5x | as long as short |
| GMX FET/USD [ETH-USDC] | L +0.0201% / S −0.0278% | 1h | 0.2012 | −0.216% | $13K | — | 100x | as long as short |
| BingX FET-USDT | +0.0314% | 8h | 0.2015 | −0.050% | — | $6.0M | — | as long as short |
| Bitget FETUSDTlong | +0.0346% | 8h | 0.2016 | long leg | $16.2M | $11.8M | 75x | |
| Phoenix FETshort | +0.0474% | 1h | 0.2020 | +0.188% | $35K | $43K | 5x |
Variational Omni FET
Orderly PERP_FET_USDC
Extended FET-USD
OKX FET-USDT-SWAP
Hyperliquid FET
GMX FET/USD [ETH-USDC]
BingX FET-USDT