Funding you earn now, next payment 00:00 UTC+0.0363%/8h= +39.8% APRnext payment +$0.45 per $10,000 · paid last 24h +0.085%
Price spread now: Phoenix against Extended−0.386%48s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.289%+$29 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Funding pays, the price is against you. Phoenix is 0.386% cheaper against Extended than usual: you would sell low and buy high (spread −0.386% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$39 on $10k: about 3.5 days of funding at the current rate (+$11 a day). At the pace of the last 7 days (+0.289% in total) that is about 9.3 days. The two prices were read 48 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 | Extended FET-USD | 0.2054 | 0.0104 | pay 0.0013% / 1h | 42m 31s | $36K | $231K | 10x |
| Short | Phoenix FET | 0.2046 | 0.0467 | get 0.0058% / 1h | 42m 31s | $36K | $45K | 5x |
Extended FET-USD
Phoenix FETFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Extended. 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
- $76.31
- Price spread: −0.386% → 0.000%
- −$38.6
- Slippage, 4 orders
- no order book: not counted
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $25.71
- Costs to cover
- 0.120%
- Break-even
- 4.6 days
Slippage unknown: Extended: live order book, 29 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 Extended live order book, 29 min ago | 8.08 bp | 16.7 bp −$17 | 161.0 bp −$1,610 | 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 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 | −0.2180% | 1h | 0.2053 | −0.026% | $29K | $202K | 10x | as long as short |
| Kraken Futures PF_FETUSD | −0.1259% | 1h | 0.2056 | +0.122% | $1.0M | $2.2M | 50x | as long as short |
| Coinbase International FET-PERP-INTX | −0.0704% | 1h | 0.2046 | −0.367% | $152K | $207K | 50x | as long as short |
| gTrade (Gains Network) FET/USD | L +0.0006% / S −0.0013% | 1h | 0.2054 | +0.004% | $32K | — | 150x | as long as short |
| Injective FET/USDC PERP | +0.0033% | 1h | 0.2010 | −2.120% | $3K | $166K | 12x | as long as short |
| Aster FETUSDT | +0.0100% | 8h | 0.2054 | +0.045% | $341K | $542K | 10x | as long as short |
| Binance FETUSDT | +0.0100% | 8h | 0.2054 | +0.023% | $32.1M | $109.8M | 75x | as long as short |
| Gate FET_USDT | +0.0100% | 8h | 0.2054 | +0.023% | $2.8M | $12.0M | 50x | as long as short |
| MEXC FET_USDT | +0.0100% | 8h | 0.2053 | −0.026% | $34.6M | $24.8M | 200x | as long as short |
| KuCoin FETUSDTM | +0.0100% | 8h | 0.2057 | +0.169% | $10.8M | $19.2M | 50x | as long as short |
Deribit FET_USDC-PERPETUAL
Kraken Futures PF_FETUSD
Coinbase International FET-PERP-INTX
gTrade (Gains Network) FET/USD
Injective FET/USDC PERP
Aster FETUSDT
Binance FETUSDT
Gate FET_USDT
MEXC FET_USDT
KuCoin FETUSDTMShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni FET | +0.0100% | 8h | 0.2041 | −0.601% | $359K | $399K | — | as long as short |
| Orderly PERP_FET_USDC | +0.0100% | 8h | 0.2052 | −0.074% | $38K | $6K | 10x | as long as short |
| Extended FET-USDlong | +0.0104% | 1h | 0.2054 | long leg | $36K | $231K | 10x | |
| GMX FET/USD [ETH-USDC] | L +0.0201% / S −0.0278% | 1h | 0.2053 | −0.019% | $14K | — | 100x | as long as short |
| BloFin FET-USDT | +0.0220% | 8h | 0.2052 | −0.074% | $1.7M | $2.7M | 100x | as long as short |
| Hyperliquid FET | +0.0286% | 1h | 0.2057 | +0.159% | $9.1M | $8.1M | 5x | as long as short |
| BingX FET-USDT | +0.0286% | 8h | 0.2056 | +0.120% | — | $5.7M | — | as long as short |
| OKX FET-USDT-SWAP | +0.0301% | 4h | 0.2058 | +0.218% | $1.0M | $8.0M | 20x | as long as short |
| Bitget FETUSDT | +0.0302% | 8h | 0.2057 | +0.169% | $16.6M | $11.5M | 75x | as long as short |
| Phoenix FETshort | +0.0467% | 1h | 0.2046 | −0.386% | $36K | $45K | 5x |
Variational Omni FET
Orderly PERP_FET_USDC
GMX FET/USD [ETH-USDC]
BloFin FET-USDT
Hyperliquid FET
BingX FET-USDT
OKX FET-USDT-SWAP
Bitget FETUSDT