Funding you earn now, next payment 22:00 UTC+0.0046%/8h= +5.1% APRnext payment +$0.06 per $10,000 · paid last 24h +0.051%
Price spread now: Phoenix against Injective+0.244%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+0.031%+$3 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 +$1 a day on $10k at the current rate, and Phoenix is 0.244% dearer against Injective than usual: you sell high and buy low: +$24 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 | Injective FET/USDC PERP | 0.2010 | 0.0553 | pay 0.0069% / 1h | 50m 34s | $3K | $166K | 12x |
| Short | Phoenix FET | 0.2015 | 0.0599 | get 0.0075% / 1h | 50m 34s | $27K | $36K | 5x |
Injective FET/USDC PERP
Phoenix FETFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Injective. 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
- $9.74
- Price spread: +0.244% → 0.000%
- $24.38
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $27.1
- Costs to cover
- 0.070%
- Break-even
- from the start
Slippage unknown: Injective: 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 Injective no order-book sample | — | — | — | — | — |
| Sell Phoenix no order-book sample | — | — | — | — | — |
Injective 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 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 | −0.3728% | 1h | 0.2003 | −0.348% | $27K | $200K | 10x | as long as short |
| Coinbase International FET-PERP-INTX | −0.0744% | 1h | 0.2019 | +0.448% | $158K | $191K | 50x | as long as short |
| gTrade (Gains Network) FET/USD | L +0.0006% / S −0.0012% | 1h | 0.2006 | −0.213% | $31K | — | 150x | as long as short |
| Gate FET_USDT | +0.0025% | 8h | 0.2004 | −0.299% | $2.7M | $11.8M | 50x | as long as short |
| Hyperliquid FET | +0.0100% | 1h | 0.2006 | −0.184% | $8.9M | $7.8M | 5x | as long as short |
| Aster FETUSDT | +0.0100% | 8h | 0.2007 | −0.167% | $339K | $533K | 10x | as long as short |
| Binance FETUSDT | +0.0100% | 8h | 0.2005 | −0.242% | $31.4M | $107.2M | 75x | as long as short |
| MEXC FET_USDT | +0.0100% | 8h | 0.2006 | −0.199% | $34.6M | $25.0M | 200x | as long as short |
| KuCoin FETUSDTM | +0.0100% | 8h | 0.2004 | −0.299% | $10.3M | $19.1M | 50x | as long as short |
| Variational Omni FET | +0.0100% | 8h | 0.2012 | +0.116% | $273K | $316K | — | as long as short |
Deribit FET_USDC-PERPETUAL
Coinbase International FET-PERP-INTX
gTrade (Gains Network) FET/USD
Gate FET_USDT
Hyperliquid FET
Aster FETUSDT
Binance FETUSDT
MEXC FET_USDT
KuCoin FETUSDTM
Variational Omni FETShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_FET_USDC | +0.0100% | 8h | 0.2004 | −0.299% | $37K | $5K | 10x | as long as short |
| Extended FET-USD | +0.0104% | 1h | 0.2006 | −0.211% | $33K | $189K | 10x | as long as short |
| OKX FET-USDT-SWAP | +0.0137% | 4h | 0.2007 | −0.149% | $852K | $7.5M | 20x | as long as short |
| GMX FET/USD [ETH-USDC] | L +0.0201% / S −0.0278% | 1h | 0.2005 | −0.262% | $13K | — | 100x | as long as short |
| BloFin FET-USDT | +0.0220% | 8h | 0.2005 | −0.249% | $1.7M | $2.6M | 100x | as long as short |
| BingX FET-USDT | +0.0263% | 8h | 0.2006 | −0.199% | — | $5.6M | — | as long as short |
| Bitget FETUSDT | +0.0284% | 8h | 0.2006 | −0.199% | $16.3M | $11.3M | 75x | as long as short |
| Kraken Futures PF_FETUSD | +0.0361% | 1h | 0.2008 | −0.101% | $1.0M | $2.2M | 50x | as long as short |
| Injective FET/USDC PERPlong | +0.0553% | 1h | 0.2010 | long leg | $3K | $166K | 12x | |
| Phoenix FETshort | +0.0599% | 1h | 0.2015 | +0.244% | $27K | $36K | 5x |
Orderly PERP_FET_USDC
Extended FET-USD
OKX FET-USDT-SWAP
GMX FET/USD [ETH-USDC]
BloFin FET-USDT
BingX FET-USDT
Bitget FETUSDT
Kraken Futures PF_FETUSD