Funding you earn now, next payment 06:00 UTC−0.0296%/8h= −32.4% APRpaid last 24h −0.090%
Price spread now: OKX against Phoenix+0.091%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−0.514%−$51 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
The price spread pays, funding is against you. OKX is 0.091% dearer against Phoenix than usual: you sell high and buy low (spread +0.091% now, against zero (this spread has no 7-day history yet)): +$9 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 25 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix NET | 351.62 | 0.0296 | pay 0.0037% / 1h | 30m 55s | $168 | $84K | 10x |
| Short | OKX NET-USDT-SWAP | 351.94 | 0 | get 0.0000% / 8h | 1h 30m | $176K | $111K | 20x |
Phoenix NET
OKX NET-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- −$62.21
- Price spread: +0.091% → 0.000%
- $9.1
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$70.11
- Costs to cover
- 0.170%
- Break-even
- never at this rate
Slippage unknown: Phoenix: no order-book sample; OKX: live order book, 9 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 OKX live order book, 9 min ago | 8.95 bp | 17.6 bp −$18 | 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 | −0.3039% | 1h | 350.18 | −0.410% | $175K | $41K | 10x | as long as short |
| Binance NETUSDT | 0.0000% | 8h | 351.29 | −0.095% | $365K | $796K | 20x | as long as short |
| Bybit NETUSDT | 0.0000% | 8h | 352.40 | +0.222% | $382K | $111K | 25x | as long as short |
| OKX NET-USDT-SWAPshort | 0.0000% | 8h | 351.94 | +0.091% | $176K | $111K | 20x | |
| Gate NET_USDT | 0.0000% | 8h | 351.90 | +0.080% | $39K | $6K | 20x | as long as short |
| Bitget NETUSDT | 0.0000% | 8h | 350.69 | −0.264% | $226K | $608K | 20x | as long as short |
| HTX NET-USDT | 0.0000% | 8h | 351.49 | −0.037% | $9K | $350K | 20x | as long as short |
| tradeXYZ xyz:NET | +0.0050% | 1h | 350.90 | −0.205% | $383K | $180K | 10x | as long as short |
| Phoenix NETlong | +0.0296% | 1h | 351.62 | long leg | $168 | $84K | 10x | |
| edgeX NETUSDC | +0.0714% | 4h | 351.72 | +0.030% | $37K | $331K | 10x | as long as short |
Paragon para:NET
Binance NETUSDT
Bybit NETUSDT
Gate NET_USDT
Bitget NETUSDT
HTX NET-USDT
tradeXYZ xyz:NET
edgeX NETUSDC