Funding you earn now, next payment 04:00 UTC−0.0199%/8h= −21.7% APRpaid last 24h −0.076%
Price spread now: BingX against Phoenix−0.226%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−0.212%−$21 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and BingX is 0.226% cheaper against Phoenix than usual: you would sell low and buy high (−$23 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix FET | 0.1996 | 0.0435 | pay 0.0054% / 1h | 13m 10s | $35K | $38K | 5x |
| Short | BingX FET-USDT | 0.1991 | 0.0236 | get 0.0236% / 8h | 3h 13m | — | $5.9M | — |
Phoenix FET
BingX FET-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Phoenix. 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
- −$41.69
- Price spread: −0.226% → 0.000%
- −$22.55
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$81.24
- Costs to cover
- 0.170%
- Break-even
- never at this rate
Slippage unknown: Phoenix: no order-book sample; BingX: live order book, 7 min ago. 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 Phoenix no order-book sample | — | — | — | — | — |
| Sell BingX live order book, 7 min ago | 5.01 bp | 11.7 bp −$12 | 17.0 bp −$170 | 69.6 bp −$6,961 | 336.1 bp −$168.0K |
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 | −0.4248% | 1h | 0.1992 | −0.175% | $38K | $308K | 10x | as long as short |
| Coinbase International FET-PERP-INTX | −0.1192% | 1h | 0.2001 | +0.276% | $148K | $257K | 50x | as long as short |
| Kraken Futures PF_FETUSD | −0.0368% | 1h | 0.1993 | −0.110% | $975K | $2.2M | 50x | as long as short |
| gTrade (Gains Network) FET/USD | L +0.0006% / S −0.0004% | 1h | 0.1992 | −0.177% | $20K | — | 150x | as long as short |
| Injective FET/USDC PERP | +0.0033% | 1h | 0.2010 | +0.727% | $3K | $166K | 12x | as long as short |
| Aster FETUSDT | +0.0100% | 8h | 0.1991 | −0.249% | $192K | $808K | 10x | as long as short |
| Binance FETUSDT | +0.0100% | 8h | 0.1991 | −0.226% | $30.3M | $113.9M | 75x | as long as short |
| Gate FET_USDT | +0.0100% | 8h | 0.1991 | −0.226% | $2.7M | $12.6M | 50x | as long as short |
| MEXC FET_USDT | +0.0100% | 8h | 0.1990 | −0.276% | $30.1M | $24.9M | 200x | as long as short |
| KuCoin FETUSDTM | +0.0100% | 8h | 0.1992 | −0.175% | $10.3M | $18.6M | 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
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 | 0.1996 | +0.033% | $273K | $478K | — | as long as short |
| Orderly PERP_FET_USDC | +0.0100% | 8h | 0.1991 | −0.226% | $37K | $7K | 10x | as long as short |
| Extended FET-USD | +0.0104% | 1h | 0.1991 | −0.205% | $33K | $215K | 10x | as long as short |
| GMX FET/USD [ETH-USDC] | L +0.0201% / S −0.0301% | 1h | 0.1991 | −0.201% | $13K | — | 100x | as long as short |
| BloFin FET-USDT | +0.0220% | 8h | 0.1993 | −0.125% | $1.7M | $3.1M | 100x | as long as short |
| BingX FET-USDTshort | +0.0236% | 8h | 0.1991 | −0.226% | — | $5.9M | — | |
| Bitget FETUSDT | +0.0242% | 8h | 0.1992 | −0.175% | $16.2M | $11.9M | 75x | as long as short |
| OKX FET-USDT-SWAP | +0.0395% | 4h | 0.1992 | −0.175% | $1.0M | $8.1M | 20x | as long as short |
| Phoenix FETlong | +0.0435% | 1h | 0.1996 | long leg | $35K | $38K | 5x | |
| Hyperliquid FET | +0.0675% | 1h | 0.1993 | −0.140% | $8.5M | $8.4M | 5x | as long as short |
Variational Omni FET
Orderly PERP_FET_USDC
Extended FET-USD
GMX FET/USD [ETH-USDC]
BloFin FET-USDT
Bitget FETUSDT
OKX FET-USDT-SWAP
Hyperliquid FET