Funding you earn now, next payment 01:00 UTC−0.0317%/8h= −34.7% APRpaid last 24h −0.098%
Price spread now: Bitget against Phoenix+0.011%69s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.522%−$52 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: −$10 a day on $10k at the current rate. The two prices were read 69 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 | Phoenix NET | 353.26 | 0.0317 | pay 0.0040% / 1h | 20m 18s | $167 | $85K | 10x |
| Short | Bitget NETUSDT | 353.30 | 0 | get 0.0000% / 8h | 6h 20m | $185K | $567K | 20x |
Phoenix NET
Bitget NETUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- −$66.53
- Price spread: +0.011% → 0.000%
- $1.13
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$84.4
- Costs to cover
- 0.190%
- Break-even
- never at this rate
Slippage unknown: Phoenix: no order-book sample; Bitget: live order book, 45 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 Bitget live order book, 45 min ago | 1.84 bp | 9.9 bp −$10 | 61.6 bp −$616 | 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.
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 | −0.0049% | 1h | 352.23 | −0.292% | $175K | $38K | 10x | as long as short |
| Binance NETUSDT | 0.0000% | 8h | 353.35 | +0.025% | $368K | $765K | 20x | as long as short |
| Bybit NETUSDT | 0.0000% | 8h | 353.42 | +0.045% | $384K | $108K | 25x | as long as short |
| OKX NET-USDT-SWAP | 0.0000% | 8h | 353.10 | −0.045% | $177K | $101K | 20x | as long as short |
| Gate NET_USDT | 0.0000% | 8h | 352.90 | −0.102% | $40K | $6K | 20x | as long as short |
| Bitget NETUSDTshort | 0.0000% | 8h | 353.30 | +0.011% | $185K | $567K | 20x | |
| HTX NET-USDT | 0.0000% | 8h | 353.38 | +0.034% | $9K | $345K | 20x | as long as short |
| tradeXYZ xyz:NET | +0.0050% | 1h | 353.53 | +0.076% | $372K | $185K | 10x | as long as short |
| Phoenix NETlong | +0.0317% | 1h | 353.26 | long leg | $167 | $85K | 10x | |
| edgeX NETUSDC | +0.0674% | 4h | 353.45 | +0.055% | $37K | $325K | 10x | as long as short |
Paragon para:NET
Binance NETUSDT
Bybit NETUSDT
OKX NET-USDT-SWAP
Gate NET_USDT
HTX NET-USDT
tradeXYZ xyz:NET
edgeX NETUSDC