Funding you earn now, next payment 07:00 UTC+0.0136%/8h= +14.9% APRpaid last 24h +0.088%
Price spread now: Phoenix against Binance+0.100%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+0.481%+$48 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 +$4 a day on $10k at the current rate, and Phoenix is 0.100% dearer against Binance than usual: you sell high and buy low: +$10 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 | Binance NETUSDT | 351.69 | 0 | get 0.0000% / 8h | 41m 17s | $359K | $809K | 20x |
| Short | Phoenix NET | 352.04 | 0.0136 | get 0.0017% / 1h | 41m 17s | $165 | $82K | 10x |
Binance NETUSDT
Phoenix NETFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Binance. 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
- $28.66
- Price spread: +0.100% → 0.000%
- $10
- Slippage, 4 orders
- no order book: not counted
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $21.66
- Costs to cover
- 0.170%
- Break-even
- 1.7 days
Slippage unknown: Binance: live order book, 36 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 Binance live order book, 36 min ago | 8.25 bp | 19.2 bp −$19 | 69.8 bp −$698 | doesn't fit | doesn't fit |
| 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.
NET on 10 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 | |
|---|---|---|---|---|---|---|---|---|
| Paragon para:NET | −0.2184% | 1h | 351.98 | +0.083% | $178K | $43K | 10x | as long as short |
| tradeXYZ xyz:NET | −0.0265% | 1h | 351.14 | −0.156% | $391K | $181K | 10x | as long as short |
| Binance NETUSDTlong | 0.0000% | 8h | 351.69 | long leg | $359K | $809K | 20x | |
| Bybit NETUSDT | 0.0000% | 8h | 352.54 | +0.242% | $385K | $113K | 25x | as long as short |
| OKX NET-USDT-SWAP | 0.0000% | 8h | 351.97 | +0.080% | $175K | $113K | 20x | as long as short |
| Gate NET_USDT | 0.0000% | 8h | 352.30 | +0.174% | $40K | $7K | 20x | as long as short |
| Bitget NETUSDT | 0.0000% | 8h | 351.00 | −0.196% | $207K | $624K | 20x | as long as short |
| HTX NET-USDT | 0.0000% | 8h | 351.63 | −0.017% | $9K | $352K | 20x | as long as short |
| Phoenix NETshort | +0.0136% | 1h | 352.04 | +0.100% | $165 | $82K | 10x | |
| edgeX NETUSDC | +0.0245% | 4h | 351.95 | +0.075% | $37K | $331K | 10x | as long as short |
Paragon para:NET
tradeXYZ xyz:NET
Bybit NETUSDT
OKX NET-USDT-SWAP
Gate NET_USDT
Bitget NETUSDT
HTX NET-USDT
edgeX NETUSDC