Funding you earn now, next payment 06:00 UTC+0.0083%/8h= +9.1% APRpaid last 24h −0.078%
Price spread now: edgeX against Phoenix+0.159%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−0.687%−$69 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and edgeX is 0.159% dearer against Phoenix than usual: you sell high and buy low: +$16 more if the spread goes back to zero (this spread has no 7-day history yet). Mind the row above: over the last 7 days funding on this pair cost −0.687%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix NET | 351.21 | 0.0296 | pay 0.0037% / 1h | 33m 33s | $166 | $84K | 10x |
| Short | edgeX NETUSDC | 351.77 | 0.0379 | get 0.0190% / 4h | 1h 33m | $37K | $331K | 10x |
Phoenix NET
edgeX NETUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX 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
- $17.41
- Price spread: +0.159% → 0.000%
- $15.92
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- $17.33
- Costs to cover
- 0.160%
- Break-even
- 0.0 days
Slippage unknown: Phoenix: no order-book sample; edgeX: live order book, 10 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 edgeX live order book, 10 min ago | 15.07 bp | 31.1 bp −$31 | doesn't fit | 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 | −0.3030% | 1h | 350.22 | −0.282% | $175K | $41K | 10x | as long as short |
| Binance NETUSDT | 0.0000% | 8h | 351.35 | +0.041% | $365K | $796K | 20x | as long as short |
| Bybit NETUSDT | 0.0000% | 8h | 352.40 | +0.339% | $382K | $111K | 25x | as long as short |
| OKX NET-USDT-SWAP | 0.0000% | 8h | 351.94 | +0.208% | $176K | $111K | 20x | as long as short |
| Gate NET_USDT | 0.0000% | 8h | 351.90 | +0.196% | $39K | $6K | 20x | as long as short |
| Bitget NETUSDT | 0.0000% | 8h | 350.68 | −0.151% | $226K | $608K | 20x | as long as short |
| HTX NET-USDT | 0.0000% | 8h | 350.99 | −0.063% | $9K | $350K | 20x | as long as short |
| tradeXYZ xyz:NET | +0.0092% | 1h | 351.31 | +0.028% | $384K | $180K | 10x | as long as short |
| Phoenix NETlong | +0.0296% | 1h | 351.21 | long leg | $166 | $84K | 10x | |
| edgeX NETUSDCshort | +0.0379% | 4h | 351.77 | +0.159% | $37K | $331K | 10x |
Paragon para:NET
Binance NETUSDT
Bybit NETUSDT
OKX NET-USDT-SWAP
Gate NET_USDT
Bitget NETUSDT
HTX NET-USDT
tradeXYZ xyz:NET