Funding you earn now, next payment 00:00 UTC−0.0445%/8h= −48.7% APRnext payment −$0.56 per $10,000 · paid last 24h −0.113%
Price spread now: gTrade (Gains Network) against Phoenix+0.172%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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
The price spread pays, funding is against you. gTrade (Gains Network) is 0.172% dearer against Phoenix than usual: you sell high and buy low (spread +0.172% now, against zero (this spread has no 7-day history yet)): +$17 on $10k if it goes back. Holding the pair costs −$13 a day in funding at the current rate, which eats that in about 31 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix FET | 0.2056 | 0.0467 | pay 0.0058% / 1h | 13m 12s | $36K | $45K | 5x |
| Short | gTrade (Gains Network) FET/USD | 0.2059 | L +0.0006% / S −0.0022% | get 0.0003% / 1h | 13m 12s | $21K | — | 150x |
Phoenix FET
gTrade (Gains Network) FET/USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
gTrade (Gains Network) 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
- −$93.45
- Price spread: +0.172% → 0.000%
- $17.22
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Net
- −$93.23
- Costs to cover
- 0.170%
- Break-even
- from the start
Slippage unknown: Phoenix: no order-book sample; gTrade (Gains Network): 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 Phoenix no order-book sample | — | — | — | — | — |
| Sell gTrade (Gains Network) no order-book sample | — | — | — | — | — |
Phoenix and gTrade (Gains Network): 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 | −0.4104% | 1h | 0.2058 | +0.102% | $30K | $223K | 10x | as long as short |
| Kraken Futures PF_FETUSD | −0.1256% | 1h | 0.2061 | +0.241% | $1.0M | $2.2M | 50x | as long as short |
| Coinbase International FET-PERP-INTX | −0.0704% | 1h | 0.2066 | +0.491% | $152K | $216K | 50x | as long as short |
| gTrade (Gains Network) FET/USDshort | L +0.0006% / S −0.0022% | 1h | 0.2059 | +0.172% | $21K | — | 150x | |
| Injective FET/USDC PERP | +0.0033% | 1h | 0.2010 | −2.233% | $3K | $166K | 12x | as long as short |
| Aster FETUSDT | +0.0100% | 8h | 0.2061 | +0.271% | $342K | $545K | 10x | as long as short |
| Binance FETUSDT | +0.0100% | 8h | 0.2058 | +0.102% | $32.1M | $111.0M | 75x | as long as short |
| Gate FET_USDT | +0.0100% | 8h | 0.2058 | +0.102% | $2.8M | $12.4M | 50x | as long as short |
| MEXC FET_USDT | +0.0100% | 8h | 0.2057 | +0.054% | $34.6M | $25.0M | 200x | as long as short |
| KuCoin FETUSDTM | +0.0100% | 8h | 0.2059 | +0.151% | $10.9M | $19.2M | 50x | as long as short |
Deribit FET_USDC-PERPETUAL
Kraken Futures PF_FETUSD
Coinbase International FET-PERP-INTX
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 | 0.2061 | +0.257% | $362K | $400K | — | as long as short |
| Orderly PERP_FET_USDC | +0.0100% | 8h | 0.2057 | +0.054% | $38K | $7K | 10x | as long as short |
| Extended FET-USD | +0.0104% | 1h | 0.2058 | +0.083% | $34K | $244K | 10x | as long as short |
| GMX FET/USD [ETH-USDC] | L +0.0202% / S −0.0278% | 1h | 0.2058 | +0.107% | $14K | — | 100x | as long as short |
| BloFin FET-USDT | +0.0220% | 8h | 0.2057 | +0.054% | $1.7M | $2.7M | 100x | as long as short |
| OKX FET-USDT-SWAP | +0.0261% | 4h | 0.2062 | +0.297% | $1.0M | $8.2M | 20x | as long as short |
| BingX FET-USDT | +0.0289% | 8h | 0.2058 | +0.102% | — | $5.7M | — | as long as short |
| Bitget FETUSDT | +0.0297% | 8h | 0.2060 | +0.199% | $16.6M | $11.6M | 75x | as long as short |
| Hyperliquid FET | +0.0407% | 1h | 0.2060 | +0.204% | $9.2M | $8.3M | 5x | as long as short |
| Phoenix FETlong | +0.0467% | 1h | 0.2056 | long leg | $36K | $45K | 5x |
Variational Omni FET
Orderly PERP_FET_USDC
Extended FET-USD
GMX FET/USD [ETH-USDC]
BloFin FET-USDT
OKX FET-USDT-SWAP
BingX FET-USDT
Bitget FETUSDT
Hyperliquid FET