Funding you earn now, next payment 03:00 UTC+0.0226%/8h= +24.8% APRpaid last 24h +0.096%
Price spread now: Phoenix against Gate+0.272%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 5 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
Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Phoenix is 0.272% dearer against Gate than usual: you sell high and buy low: +$27 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 | Gate NET_USDT | 352.50 | 0 | get 0.0000% / 8h | 4h 01m | $40K | $6K | 20x |
| Short | Phoenix NET | 353.46 | 0.0226 | get 0.0028% / 1h | 1m 23s | $168 | $85K | 10x |
Gate NET_USDT
Phoenix NETFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Gate. 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
- $47.51
- Price spread: +0.272% → 0.000%
- $27.23
- Slippage, 4 orders
- no order book: not counted
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $52.75
- Costs to cover
- 0.220%
- Break-even
- from the start
Slippage unknown: Gate: no order-book sample; 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 Gate no order-book sample | — | — | — | — | — |
| Sell Phoenix no order-book sample | — | — | — | — | — |
Gate and 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 | −0.2668% | 1h | 352.57 | +0.020% | $175K | $37K | 10x | as long as short |
| Binance NETUSDT | 0.0000% | 8h | 353.25 | +0.213% | $366K | $772K | 20x | as long as short |
| Bybit NETUSDT | 0.0000% | 8h | 352.67 | +0.048% | $383K | $108K | 25x | as long as short |
| OKX NET-USDT-SWAP | 0.0000% | 8h | 353.03 | +0.150% | $177K | $102K | 20x | as long as short |
| Gate NET_USDTlong | 0.0000% | 8h | 352.50 | long leg | $40K | $6K | 20x | |
| Bitget NETUSDT | 0.0000% | 8h | 353.30 | +0.227% | $182K | $553K | 20x | as long as short |
| HTX NET-USDT | 0.0000% | 8h | 353.32 | +0.233% | $9K | $343K | 20x | as long as short |
| tradeXYZ xyz:NET | +0.0050% | 1h | 353.28 | +0.221% | $385K | $193K | 10x | as long as short |
| Phoenix NETshort | +0.0226% | 1h | 353.46 | +0.272% | $168 | $85K | 10x | |
| edgeX NETUSDC | +0.0489% | 4h | 353.07 | +0.162% | $37K | $329K | 10x | as long as short |
Paragon para:NET
Binance NETUSDT
Bybit NETUSDT
OKX NET-USDT-SWAP
Bitget NETUSDT
HTX NET-USDT
tradeXYZ xyz:NET
edgeX NETUSDC