Funding you earn now, next payment 23:00 UTC+0.0408%/8h= +44.7% APRpaid last 24h +0.085%
Price spread now: Phoenix against MEXC−0.044%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+0.277%+$28 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 0.044% cheaper against MEXC than usual: you would sell low and buy high (spread −0.044% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 9 hours of funding at the current rate (+$12 a day). At the pace of the last 7 days (+0.277% in total) that is about 27 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.277% in total (about 14.4% 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 | MEXC FET_USDT | 0.2040 | 0.0100 | pay 0.0100% / 8h | 4m 56s | $34.4M | $25.1M | 200x |
| Short | Phoenix FET | 0.2039 | 0.0508 | get 0.0063% / 1h | 4m 56s | $36K | $45K | 5x |
MEXC FET_USDT
Phoenix FETFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against MEXC. 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
- $85.64
- Price spread: −0.044% → 0.000%
- −$4.41
- Slippage, 4 orders
- no order book: not counted
- Fee MEXC: 0 bp × 2 orders
- $0
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $74.23
- Costs to cover
- 0.070%
- Break-even
- 0.9 days
Slippage unknown: MEXC: live order book, 4 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 MEXC live order book, 4 min ago | 2.44 bp | 6.3 bp −$6 | 11.9 bp −$119 | 50.8 bp −$5,081 | 199.9 bp −$99.9K |
| 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 | −0.2196% | 1h | 0.2039 | −0.049% | $29K | $201K | 10x | as long as short |
| Coinbase International FET-PERP-INTX | −0.0728% | 1h | 0.2043 | +0.147% | $152K | $207K | 50x | as long as short |
| Kraken Futures PF_FETUSD | −0.0478% | 1h | 0.2041 | +0.045% | $996K | $2.2M | 50x | as long as short |
| gTrade (Gains Network) FET/USD | L +0.0006% / S −0.0013% | 1h | 0.2038 | −0.115% | $32K | — | 150x | as long as short |
| Injective FET/USDC PERP | +0.0033% | 1h | 0.2010 | −1.471% | $3K | $166K | 12x | as long as short |
| Gate FET_USDT | +0.0057% | 8h | 0.2039 | −0.049% | $2.8M | $12.2M | 50x | as long as short |
| Aster FETUSDT | +0.0100% | 8h | 0.2041 | +0.036% | $339K | $544K | 10x | as long as short |
| Binance FETUSDT | +0.0100% | 8h | 0.2042 | +0.098% | $31.9M | $109.3M | 75x | as long as short |
| MEXC FET_USDTlong | +0.0100% | 8h | 0.2040 | long leg | $34.4M | $25.1M | 200x | |
| KuCoin FETUSDTM | +0.0100% | 8h | 0.2038 | −0.098% | $10.8M | $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
Gate FET_USDT
Aster FETUSDT
Binance FETUSDT
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 | 0.2033 | −0.332% | $358K | $399K | — | as long as short |
| Orderly PERP_FET_USDC | +0.0100% | 8h | 0.2037 | −0.147% | $38K | $6K | 10x | as long as short |
| Extended FET-USD | +0.0104% | 1h | 0.2041 | +0.029% | $33K | $191K | 10x | as long as short |
| GMX FET/USD [ETH-USDC] | L +0.0201% / S −0.0278% | 1h | 0.2037 | −0.157% | $14K | — | 100x | as long as short |
| BloFin FET-USDT | +0.0220% | 8h | 0.2036 | −0.196% | $1.7M | $2.7M | 100x | as long as short |
| BingX FET-USDT | +0.0287% | 8h | 0.2041 | +0.049% | — | $5.7M | — | as long as short |
| OKX FET-USDT-SWAP | +0.0293% | 4h | 0.2044 | +0.196% | $997K | $7.9M | 20x | as long as short |
| Bitget FETUSDT | +0.0299% | 8h | 0.2043 | +0.147% | $16.5M | $11.5M | 75x | as long as short |
| Hyperliquid FET | +0.0413% | 1h | 0.2042 | +0.078% | $9.0M | $8.0M | 5x | as long as short |
| Phoenix FETshort | +0.0508% | 1h | 0.2039 | −0.044% | $36K | $45K | 5x |
Variational Omni FET
Orderly PERP_FET_USDC
Extended FET-USD
GMX FET/USD [ETH-USDC]
BloFin FET-USDT
BingX FET-USDT
OKX FET-USDT-SWAP
Bitget FETUSDT
Hyperliquid FET