Funding you earn now, next payment 00:00 UTC+0.0068%/8h= +7.5% APRpaid last 24h +0.098%
Price spread now: Phoenix against Bybit−0.017%95s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.528%+$53 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$2 a day on $10k at the current rate. The two prices were read 95 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit NETUSDT | 353.04 | 0 | get 0.0000% / 8h | 7h 51m | $384K | $112K | 25x |
| Short | Phoenix NET | 352.98 | 0.0068 | get 0.0009% / 1h | 51m 58s | $167 | $85K | 10x |
Bybit NETUSDT
Phoenix NETFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Bybit. 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
- $14.3
- Price spread: −0.017% → 0.000%
- −$1.7
- Slippage, 4 orders
- no order book: not counted
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$5.4
- Costs to cover
- 0.180%
- Break-even
- 9.6 days
Slippage unknown: Bybit: live order book, 13 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 Bybit live order book, 13 min ago | 7.10 bp | 61.8 bp −$62 | doesn't fit | 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 | −0.0582% | 1h | 351.18 | −0.527% | $174K | $38K | 10x | as long as short |
| edgeX NETUSDC | −0.0209% | 4h | 353.16 | +0.033% | $37K | $322K | 10x | as long as short |
| Binance NETUSDT | 0.0000% | 8h | 353.52 | +0.135% | $370K | $839K | 20x | as long as short |
| Bybit NETUSDTlong | 0.0000% | 8h | 353.04 | long leg | $384K | $112K | 25x | |
| OKX NET-USDT-SWAP | 0.0000% | 8h | 353.79 | +0.212% | $178K | $105K | 20x | as long as short |
| Gate NET_USDT | 0.0000% | 8h | 352.90 | −0.040% | $40K | $6K | 20x | as long as short |
| Bitget NETUSDT | 0.0000% | 8h | 353.37 | +0.093% | $205K | $623K | 20x | as long as short |
| HTX NET-USDT | 0.0000% | 8h | 353.10 | +0.017% | $9K | $348K | 20x | as long as short |
| Phoenix NETshort | +0.0068% | 1h | 352.98 | −0.017% | $167 | $85K | 10x | |
| tradeXYZ xyz:NET | +0.0483% | 1h | 353.34 | +0.085% | $372K | $188K | 10x | as long as short |
Paragon para:NET
edgeX NETUSDC
Binance NETUSDT
OKX NET-USDT-SWAP
Gate NET_USDT
Bitget NETUSDT
HTX NET-USDT
tradeXYZ xyz:NET