Funding you earn now, next payment 05:00 UTC−0.0770%/8h= −84.3% APRnext payment −$0.96 per $10,000 · paid last 24h −0.188%
Price spread now: Phoenix against Coinbase International−0.128%72s7-day average −0.150% · you buy dearer than you sell
Net, funding: paid 7d − costs−$114as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$680.677% of the position
Funding, last 7 days−0.467%−$47 on $10k
+Price spread, last 4 days (all we have)+0.014%+$1 · spread now −0.128%, 7d avg −0.150%
=The price spread pays, funding is against you. Phoenix is 0.022% dearer against Coinbase International than usual: you sell high and buy low (spread −0.128% now, against its 7-day average of −0.150%): +$2 on $10k if it goes back. Holding the pair costs −$23 a day in funding at the current rate, which eats that in about 2 hours. At the pace of the last 7 days (−0.467% in total) that is about 8 hours. The two prices were read 72 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 -0.467% in total (about -24.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.96 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 | Coinbase International FARTCOIN-PERP-INTX | 0.2026 | 0.1008 | pay 0.0126% / 1h | 5m 34s | $1.1M | $9.8M | 50x |
| Short | Phoenix FARTCOIN | 0.2024 | 0.0238 | get 0.0030% / 1h | 5m 34s | $159K | $219K | 10x |
Coinbase International FARTCOIN-PERP-INTX
Phoenix FARTCOINFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Coinbase International. 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
- −$161.74
- Price spread: −0.128% → −0.150%
- $2.21
- Slippage, 4 orders
- −$50.66
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$227.19
- Costs to cover
- 0.677%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 3 min ago; Phoenix: live order book, 37 min ago.
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 Coinbase International live order book, 3 min ago | 7.66 bp | 12.7 bp −$13 | 27.3 bp −$273 | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 37 min ago | 3.00 bp | 20.2 bp −$20 | 58.5 bp −$585 | doesn't fit | doesn't fit |
FARTCOIN on 36 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 | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) FARTCOIN/USD | L +0.0005% / S −0.0004% | 1h | 0.2017 | −0.464% | $1K | — | 150x | as long as short |
| Injective FARTCOIN/USDC PERP | +0.0033% | 1h | 0.1984 | −2.092% | $1K | $5 | 5.5x | as long as short |
| Bulk FARTCOIN-USD | +0.0100% | 1h | 0.2012 | −0.686% | $79K | −$0 | 10x | as long as short |
| SunX FARTCOIN-USDT | +0.0100% | 4h | 0.2022 | −0.202% | $2K | $1.8M | 20x | as long as short |
| SoDEX FARTCOIN-USD | +0.0100% | 1h | 0.2020 | −0.316% | $162K | $7K | 10x | as long as short |
| HTX FARTCOIN-USDT | +0.0100% | 4h | 0.2021 | −0.257% | $70K | $152K | 20x | as long as short |
| OKX FARTCOIN-USDT-SWAP | +0.0126% | 4h | 0.2020 | −0.316% | $4.8M | $19.0M | 20x | as long as short |
| Polymarket Perps FARTCOIN-USD | +0.0131% | 1h | 0.2020 | −0.306% | $109K | $976K | 10x | as long as short |
| Aevo FARTCOIN-PERP | +0.0152% | 1h | 0.2019 | −0.341% | $32K | — | 3x | as long as short |
| Backpack FARTCOIN_USDC_PERP | +0.0220% | 1h | 0.2022 | −0.227% | $85K | $318K | 10x | as long as short |
gTrade (Gains Network) FARTCOIN/USD
Injective FARTCOIN/USDC PERP
Bulk FARTCOIN-USD
SunX FARTCOIN-USDT
SoDEX FARTCOIN-USD
HTX FARTCOIN-USDT
OKX FARTCOIN-USDT-SWAP
Polymarket Perps FARTCOIN-USD
Aevo FARTCOIN-PERP
Backpack FARTCOIN_USDC_PERPShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phoenix FARTCOINshort | +0.0238% | 1h | 0.2024 | −0.128% | $159K | $219K | 10x | |
| Aster FARTCOINUSDT | +0.0268% | 4h | 0.2023 | −0.168% | $85K | $235K | 5x | as long as short |
| Bybit FARTCOINUSDT | +0.0271% | 4h | 0.2020 | −0.311% | $31.2M | $60.1M | 50x | as long as short |
| Lighter FARTCOIN | +0.0272% | 1h | 0.2021 | −0.262% | $604K | $1.8M | 10x | as long as short |
| MEXC FARTCOIN_USDT | +0.0278% | 4h | 0.2020 | −0.296% | $25.1M | $15.9M | 100x | as long as short |
| Extended FARTCOIN-USD | +0.0280% | 1h | 0.2020 | −0.295% | $213K | $1.6M | 25x | as long as short |
| BingX FARTCOIN-USDC | +0.0289% | 4h | 0.2020 | −0.316% | — | $6.5M | — | as long as short |
| Binance FARTCOINUSDT | +0.0294% | 4h | 0.2021 | −0.266% | $19.7M | $92.0M | 75x | as long as short |
| Bitget FARTCOINUSDT | +0.0296% | 4h | 0.2022 | −0.217% | $14.2M | $19.0M | 50x | as long as short |
| Deribit FARTCOIN_USDC-PERPETUAL | +0.0345% | 1h | 0.2018 | −0.395% | $120K | $57K | 25x | as long as short |
| Pacifica FARTCOIN | +0.0362% | 1h | 0.2021 | −0.277% | $193K | $500K | 10x | as long as short |
| KuCoin FARTCOINUSDTM | +0.0368% | 4h | 0.2024 | −0.118% | $11.1M | $15.9M | 50x | as long as short |
| GRVT FARTCOIN_USDT_Perp | +0.0370% | 4h | 0.2014 | −0.607% | $253K | $4.7M | 10x | as long as short |
| Gate FARTCOIN_USDT | +0.0376% | 4h | 0.2021 | −0.276% | $11.4M | $9.9M | 75x | as long as short |
| ApeX Omni FARTCOINUSDT | +0.0410% | 1h | 0.2014 | −0.612% | $28K | $201K | 50x | as long as short |
| Reya FARTCOINRUSDPERP | +0.0411% | 1h | 0.2021 | −0.277% | $0 | — | 5x | as long as short |
| Nado FARTCOIN-PERP | +0.0411% | 1h | 0.2020 | −0.316% | $800K | $826K | 10x | as long as short |
| Variational Omni FARTCOIN | +0.0418% | 4h | 0.2019 | −0.358% | $1.0M | $3.2M | — | as long as short |
| Arcus FARTCOIN-USD | +0.0518% | 1h | 0.2021 | −0.266% | $14K | $87K | 10x | as long as short |
| GMX FARTCOIN/USD [WBTC.b-USDC] | L +0.0529% / S −0.0667% | 1h | 0.2017 | −0.468% | $56K | — | 100x | as long as short |
| Kraken Futures PF_FARTCOINUSD | +0.0530% | 1h | 0.2019 | −0.355% | $789K | $2.3M | 50x | as long as short |
| BloFin FARTCOIN-USDT | +0.0536% | 4h | 0.2022 | −0.217% | $985K | $2.3M | 75x | as long as short |
| 01 Exchange FARTCOINUSD | +0.0632% | 1h | 0.2021 | −0.257% | $415 | $477 | 10x | as long as short |
| Hyperliquid FARTCOIN | +0.0701% | 1h | 0.2021 | −0.257% | $48.7M | $37.7M | 10x | as long as short |
| Orderly PERP_FARTCOIN_USDC | +0.0773% | 4h | 0.2021 | −0.266% | $25K | $4K | 20x | as long as short |
| Coinbase International FARTCOIN-PERP-INTXlong | +0.1008% | 1h | 0.2026 | long leg | $1.1M | $9.8M | 50x |
Aster FARTCOINUSDT
Bybit FARTCOINUSDT
Lighter FARTCOIN
MEXC FARTCOIN_USDT
Extended FARTCOIN-USD
BingX FARTCOIN-USDC
Binance FARTCOINUSDT
Bitget FARTCOINUSDT
Deribit FARTCOIN_USDC-PERPETUAL
Pacifica FARTCOIN
KuCoin FARTCOINUSDTM
GRVT FARTCOIN_USDT_Perp
Gate FARTCOIN_USDT
ApeX Omni FARTCOINUSDT
Reya FARTCOINRUSDPERP
Nado FARTCOIN-PERP
Variational Omni FARTCOIN
Arcus FARTCOIN-USD
GMX FARTCOIN/USD [WBTC.b-USDC]
Kraken Futures PF_FARTCOINUSD
BloFin FARTCOIN-USDT
01 Exchange FARTCOINUSD
Hyperliquid FARTCOIN
Orderly PERP_FARTCOIN_USDC