Funding you earn now, next payment 22:00 UTC+0.0379%/8h= +41.5% APRpaid last 24h +0.047%
Price spread now: Phoenix against BloFin−0.084%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.020%+$2 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Funding pays, the price is against you. Phoenix is 0.084% cheaper against BloFin than usual: you would sell low and buy high (spread −0.084% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$8 on $10k: about 18 hours of funding at the current rate (+$11 a day). At the pace of the last 7 days (+0.020% in total) that is about 29 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.020% in total (about 1.0% 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 | BloFin FET-USDT | 0.2018 | 0.0220 | pay 0.0220% / 8h | 1h 42m | $1.7M | $2.6M | 100x |
| Short | Phoenix FET | 0.2016 | 0.0599 | get 0.0075% / 1h | 42m 55s | $27K | $36K | 5x |
BloFin FET-USDT
Phoenix FETFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against BloFin. 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
- $79.62
- Price spread: −0.084% → 0.000%
- −$8.42
- Slippage, 4 orders
- no order book: not counted
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $52.19
- Costs to cover
- 0.190%
- Break-even
- 2.4 days
Slippage unknown: BloFin: 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 BloFin live order book, 5 min ago | 7.47 bp | 13.5 bp −$13 | 20.7 bp −$207 | 186.0 bp −$18.6K | 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 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 | −0.4681% | 1h | 0.2018 | 0.000% | $27K | $200K | 10x | as long as short |
| Coinbase International FET-PERP-INTX | −0.0744% | 1h | 0.2022 | +0.198% | $158K | $191K | 50x | as long as short |
| gTrade (Gains Network) FET/USD | L +0.0006% / S −0.0012% | 1h | 0.2019 | +0.037% | $32K | — | 150x | as long as short |
| Gate FET_USDT | +0.0048% | 8h | 0.2021 | +0.149% | $2.7M | $11.9M | 50x | as long as short |
| Aster FETUSDT | +0.0100% | 8h | 0.2024 | +0.297% | $342K | $533K | 10x | as long as short |
| Binance FETUSDT | +0.0100% | 8h | 0.2022 | +0.196% | $31.6M | $107.3M | 75x | as long as short |
| MEXC FET_USDT | +0.0100% | 8h | 0.2021 | +0.149% | $34.8M | $25.1M | 200x | as long as short |
| KuCoin FETUSDTM | +0.0100% | 8h | 0.2022 | +0.198% | $10.4M | $19.1M | 50x | as long as short |
| Variational Omni FET | +0.0100% | 8h | 0.2011 | −0.332% | $273K | $316K | — | as long as short |
| Orderly PERP_FET_USDC | +0.0100% | 8h | 0.2017 | −0.050% | $37K | $5K | 10x | as long as short |
Deribit FET_USDC-PERPETUAL
Coinbase International FET-PERP-INTX
gTrade (Gains Network) FET/USD
Gate FET_USDT
Aster FETUSDT
Binance FETUSDT
MEXC FET_USDT
KuCoin FETUSDTM
Variational Omni FET
Orderly PERP_FET_USDCShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended FET-USD | +0.0104% | 1h | 0.2020 | +0.114% | $34K | $190K | 10x | as long as short |
| Hyperliquid FET | +0.0106% | 1h | 0.2024 | +0.278% | $9.0M | $7.9M | 5x | as long as short |
| OKX FET-USDT-SWAP | +0.0169% | 4h | 0.2025 | +0.347% | $858K | $7.6M | 20x | as long as short |
| GMX FET/USD [ETH-USDC] | L +0.0201% / S −0.0278% | 1h | 0.2017 | −0.045% | $13K | — | 100x | as long as short |
| BloFin FET-USDTlong | +0.0220% | 8h | 0.2018 | long leg | $1.7M | $2.6M | 100x | |
| BingX FET-USDT | +0.0286% | 8h | 0.2023 | +0.248% | — | $5.5M | — | as long as short |
| Bitget FETUSDT | +0.0308% | 8h | 0.2025 | +0.347% | $16.5M | $11.4M | 75x | as long as short |
| Kraken Futures PF_FETUSD | +0.0358% | 1h | 0.2022 | +0.180% | $1.0M | $2.2M | 50x | as long as short |
| Injective FET/USDC PERP | +0.0553% | 1h | 0.2010 | −0.396% | $3K | $166K | 12x | as long as short |
| Phoenix FETshort | +0.0599% | 1h | 0.2016 | −0.084% | $27K | $36K | 5x |
Extended FET-USD
Hyperliquid FET
OKX FET-USDT-SWAP
GMX FET/USD [ETH-USDC]
BingX FET-USDT
Bitget FETUSDT
Kraken Futures PF_FETUSD
Injective FET/USDC PERP