Funding you earn now, next payment 22:00 UTC−0.0301%/8h= −33.0% APRpaid last 24h −0.083%
Price spread now: OKX against Phoenix+0.425%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−0.268%−$27 on $10k
+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. OKX is 0.425% dearer against Phoenix than usual: you sell high and buy low (spread +0.425% now, against zero (this spread has no 7-day history yet)): +$42 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 4.7 days. At the pace of the last 7 days (−0.268% in total) that is about 11 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix FET | 0.2048 | 0.0599 | pay 0.0075% / 1h | 55m 09s | $36K | $45K | 5x |
| Short | OKX FET-USDT-SWAP | 0.2057 | 0.0298 | get 0.0149% / 4h | 55m 09s | $999K | $7.8M | 20x |
Phoenix FET
OKX FET-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- −$63.29
- Price spread: +0.425% → 0.000%
- $42.47
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$37.82
- Costs to cover
- 0.170%
- Break-even
- from the start
Slippage unknown: Phoenix: no order-book sample; OKX: live order book, 3 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 OKX live order book, 3 min ago | 4.87 bp | 24.1 bp −$24 | 62.8 bp −$628 | doesn't fit | doesn't fit |
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 | −0.3150% | 1h | 0.2052 | +0.181% | $28K | $200K | 10x | as long as short |
| Coinbase International FET-PERP-INTX | −0.0728% | 1h | 0.2051 | +0.132% | $153K | $205K | 50x | as long as short |
| Kraken Futures PF_FETUSD | −0.0475% | 1h | 0.2054 | +0.281% | $1.0M | $2.2M | 50x | as long as short |
| gTrade (Gains Network) FET/USD | L +0.0006% / S −0.0012% | 1h | 0.2052 | +0.172% | $32K | — | 150x | as long as short |
| Injective FET/USDC PERP | +0.0033% | 1h | 0.2010 | −1.870% | $3K | $166K | 12x | as long as short |
| Gate FET_USDT | +0.0073% | 8h | 0.2050 | +0.083% | $2.8M | $12.0M | 50x | as long as short |
| Aster FETUSDT | +0.0100% | 8h | 0.2053 | +0.225% | $343K | $540K | 10x | as long as short |
| Binance FETUSDT | +0.0100% | 8h | 0.2051 | +0.151% | $32.1M | $107.9M | 75x | as long as short |
| MEXC FET_USDT | +0.0100% | 8h | 0.2049 | +0.034% | $34.2M | $24.8M | 200x | as long as short |
| KuCoin FETUSDTM | +0.0100% | 8h | 0.2053 | +0.229% | $10.7M | $19.1M | 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
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 | 0.2046 | −0.101% | $289K | $327K | — | as long as short |
| Orderly PERP_FET_USDC | +0.0100% | 8h | 0.2051 | +0.132% | $38K | $5K | 10x | as long as short |
| Extended FET-USD | +0.0104% | 1h | 0.2051 | +0.132% | $34K | $190K | 10x | as long as short |
| GMX FET/USD [ETH-USDC] | L +0.0201% / S −0.0278% | 1h | 0.2051 | +0.113% | $14K | — | 100x | as long as short |
| BloFin FET-USDT | +0.0220% | 8h | 0.2050 | +0.083% | $1.7M | $2.7M | 100x | as long as short |
| OKX FET-USDT-SWAPshort | +0.0298% | 4h | 0.2057 | +0.425% | $999K | $7.8M | 20x | |
| BingX FET-USDT | +0.0318% | 8h | 0.2052 | +0.181% | — | $5.6M | — | as long as short |
| Bitget FETUSDT | +0.0338% | 8h | 0.2053 | +0.229% | $16.6M | $11.4M | 75x | as long as short |
| Phoenix FETlong | +0.0599% | 1h | 0.2048 | long leg | $36K | $45K | 5x | |
| Hyperliquid FET | +0.1061% | 1h | 0.2053 | +0.252% | $9.1M | $8.0M | 5x | as long as short |
Variational Omni FET
Orderly PERP_FET_USDC
Extended FET-USD
GMX FET/USD [ETH-USDC]
BloFin FET-USDT
BingX FET-USDT
Bitget FETUSDT
Hyperliquid FET