Funding you earn now, next payment 06:00 UTC+0.0246%/8h= +27.0% APRnext payment +$0.31 per $10,000 · paid last 24h +0.074%
Price spread now: Phoenix against tradeXYZ+0.102%61s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.072%+$7 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Phoenix is 0.102% dearer against tradeXYZ than usual: you sell high and buy low: +$10 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 61 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.072% in total (about 3.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.31 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | tradeXYZ xyz:NET | 351.29 | 0.0050 | pay 0.0006% / 1h | 14m 21s | $386K | $181K | 10x |
| Short | Phoenix NET | 351.65 | 0.0296 | get 0.0037% / 1h | 14m 21s | $170 | $84K | 10x |
tradeXYZ xyz:NET
Phoenix NETFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against tradeXYZ. 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
- $51.71
- Price spread: +0.102% → 0.000%
- $10.25
- Slippage, 4 orders
- no order book: not counted
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $36.96
- Costs to cover
- 0.250%
- Break-even
- 2.0 days
Slippage unknown: tradeXYZ: live order book, 52 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 tradeXYZ live order book, 52 min ago | 9.26 bp | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Paragon para:NET | −0.3239% | 1h | 351.31 | +0.006% | $177K | $42K | 10x | as long as short |
| Binance NETUSDT | 0.0000% | 8h | 351.37 | +0.023% | $365K | $796K | 20x | as long as short |
| Bybit NETUSDT | 0.0000% | 8h | 351.34 | +0.014% | $381K | $111K | 25x | as long as short |
| OKX NET-USDT-SWAP | 0.0000% | 8h | 351.46 | +0.048% | $176K | $111K | 20x | as long as short |
| Gate NET_USDT | 0.0000% | 8h | 351.70 | +0.117% | $39K | $6K | 20x | as long as short |
| Bitget NETUSDT | 0.0000% | 8h | 350.69 | −0.171% | $226K | $605K | 20x | as long as short |
| HTX NET-USDT | 0.0000% | 8h | 351.90 | +0.174% | $9K | $351K | 20x | as long as short |
| tradeXYZ xyz:NETlong | +0.0050% | 1h | 351.29 | long leg | $386K | $181K | 10x | |
| Phoenix NETshort | +0.0296% | 1h | 351.65 | +0.102% | $170 | $84K | 10x | |
| edgeX NETUSDC | +0.0452% | 4h | 351.57 | +0.079% | $37K | $332K | 10x | as long as short |
Paragon para:NET
Binance NETUSDT
Bybit NETUSDT
OKX NET-USDT-SWAP
Gate NET_USDT
Bitget NETUSDT
HTX NET-USDT
edgeX NETUSDC