Funding you earn now, next payment 03:00 UTC+0.0226%/8h= +24.8% APRpaid last 24h +0.096%
Price spread now: Phoenix against OKX−0.037%86s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.521%+$52 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Funding pays, the price is against you. Phoenix is 0.037% cheaper against OKX than usual: you would sell low and buy high (spread −0.037% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 13 hours of funding at the current rate (+$7 a day). The two prices were read 86 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 | OKX NET-USDT-SWAP | 353.62 | 0 | get 0.0000% / 8h | 4h 43m | $177K | $101K | 20x |
| Short | Phoenix NET | 353.49 | 0.0226 | get 0.0028% / 1h | 43m 57s | $167 | $85K | 10x |
OKX NET-USDT-SWAP
Phoenix NETFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against OKX. 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: −0.037% → 0.000%
- −$3.68
- Slippage, 4 orders
- no order book: not counted
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $26.84
- Costs to cover
- 0.170%
- Break-even
- 3.0 days
Slippage unknown: OKX: live order book, 11 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 OKX live order book, 11 min ago | 12.17 bp | 51.5 bp −$52 | 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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX NETUSDC | −0.0020% | 4h | 353.15 | −0.132% | $37K | $328K | 10x | as long as short |
| Binance NETUSDT | 0.0000% | 8h | 353.12 | −0.141% | $362K | $766K | 20x | as long as short |
| Bybit NETUSDT | 0.0000% | 8h | 352.67 | −0.269% | $383K | $108K | 25x | as long as short |
| OKX NET-USDT-SWAPlong | 0.0000% | 8h | 353.62 | long leg | $177K | $101K | 20x | |
| Gate NET_USDT | 0.0000% | 8h | 352.60 | −0.288% | $40K | $6K | 20x | as long as short |
| Bitget NETUSDT | 0.0000% | 8h | 353.31 | −0.088% | $183K | $557K | 20x | as long as short |
| HTX NET-USDT | 0.0000% | 8h | 353.13 | −0.139% | $9K | $343K | 20x | as long as short |
| tradeXYZ xyz:NET | +0.0050% | 1h | 353.06 | −0.158% | $385K | $193K | 10x | as long as short |
| Paragon para:NET | +0.0060% | 1h | 352.23 | −0.393% | $175K | $37K | 10x | as long as short |
| Phoenix NETshort | +0.0226% | 1h | 353.49 | −0.037% | $167 | $85K | 10x |
edgeX NETUSDC
Binance NETUSDT
Bybit NETUSDT
Gate NET_USDT
Bitget NETUSDT
HTX NET-USDT
tradeXYZ xyz:NET
Paragon para:NET