FET

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0467%/8h= +51.2% APRnext payment +$0.58 per $10,000 · paid last 24h +0.116%

Price spread now: Phoenix against gTrade (Gains Network)−0.319%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on gTrade (Gains Network)Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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 0.319% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.319% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$32 on $10k: about 2.3 days of funding at the current rate (+$14 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) FET/USD	0.2028	L +0.0006% / S −0.0015%	pay 0.0001% / 1h	26m 49s	$23K	—	150x
Short	Phoenix FET	0.2022	0.0474	get 0.0059% / 1h	26m 49s	$35K	$43K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee PhoenixbpOrdersPrice spread, now −0.319%Rate

Funding earned: $98.17
Price spread: −0.319% → 0.000%: −$31.9
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $49.28
Costs to cover: 0.170%
Break-even: 3.5 days

Slippage unknown: gTrade (Gains Network): no order-book sample; 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell Phoenix no order-book sample	—	—	—	—	—

gTrade (Gains Network) and 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	−0.4654%	1h	0.2029	+0.026%	$30K	$231K	10x	as long as short
Coinbase International FET-PERP-INTX	−0.0760%	1h	0.2031	+0.125%	$148K	$217K	50x	as long as short
Kraken Futures PF_FETUSD	−0.0738%	1h	0.2032	+0.162%	$990K	$2.2M	50x	as long as short
gTrade (Gains Network) FET/USDlong	L +0.0006% / S −0.0015%	1h	0.2028	long leg	$23K	—	150x
Injective FET/USDC PERP	+0.0033%	1h	0.2010	−0.911%	$3K	$166K	12x	as long as short
Aster FETUSDT	+0.0100%	8h	0.2029	+0.014%	$260K	$718K	10x	as long as short
Binance FETUSDT	+0.0100%	8h	0.2031	+0.125%	$31.5M	$112.4M	75x	as long as short
Gate FET_USDT	+0.0100%	8h	0.2029	+0.026%	$2.7M	$12.4M	50x	as long as short
MEXC FET_USDT	+0.0100%	8h	0.2030	+0.075%	$31.9M	$25.0M	200x	as long as short
KuCoin FETUSDTM	+0.0100%	8h	0.2032	+0.174%	$10.7M	$19.1M	50x	as long as short

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni FET	+0.0100%	8h	0.2017	−0.556%	$333K	$420K	—	as long as short
Orderly PERP_FET_USDC	+0.0100%	8h	0.2029	+0.026%	$38K	$7K	10x	as long as short
Extended FET-USD	+0.0104%	1h	0.2031	+0.148%	$33K	$247K	10x	as long as short
OKX FET-USDT-SWAP	+0.0171%	4h	0.2034	+0.273%	$998K	$8.1M	20x	as long as short
GMX FET/USD [ETH-USDC]	L +0.0201% / S −0.0278%	1h	0.2028	−0.047%	$14K	—	100x	as long as short
Hyperliquid FET	+0.0229%	1h	0.2032	+0.189%	$9.0M	$8.3M	5x	as long as short
BingX FET-USDT	+0.0338%	8h	0.2030	+0.075%	—	$6.0M	—	as long as short
Bitget FETUSDT	+0.0361%	8h	0.2032	+0.174%	$16.4M	$11.8M	75x	as long as short
Phoenix FETshort	+0.0474%	1h	0.2022	−0.319%	$35K	$43K	5x