Funding arb · Price arb /

FARTCOIN

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0347%/8h= +38.0% APRpaid last 24h +0.007%

Price spread now: BloFin against Phoenix−1.211%7-day average −0.075% · you buy dearer than you sell

Net, funding: paid 7d − costs−$84as in the Funding arb table

Net, price: spread back to 7d avg − costs−$189as in the Price arb table

costs, in and out, $10k−$750.751% of the position

Long on Phoenix Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.094%−$9 on $10k

Price spread, last 4 days (all we have)+1.245%+$124 · spread now −1.211%, 7d avg −0.075%

Together, before fees+1.151%+$115 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 1.137% cheaper against Phoenix than usual: you would sell low and buy high (spread −1.211% now, against its 7-day average of −0.075%). If the spread goes back, that is −$114 on $10k: about 11 days of funding at the current rate (+$10 a day). Mind the row above: over the last 7 days funding on this pair cost −0.094%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.094% in total (about -4.9% a year). A funding rate is set anew for every payment. 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	Phoenix FARTCOIN	0.2031	0.0238	pay 0.0030% / 1h	45m 58s	$160K	$219K	10x
Short	BloFin FARTCOIN-USDT	0.2006	0.0585	get 0.0292% / 4h	2h 45m	$1.0M	$2.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Phoenix. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee PhoenixbpFee BloFinbpOrdersPrice spread, now −1.211%Rate

Funding earned: $72.86
Price spread: −1.211% → −0.075%: −$113.69
Slippage, 4 orders: −$56.07
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$115.89
Costs to cover: 0.751%
Break-even: 18.1 days

Slippage from Phoenix: live order book, 61 min ago; BloFin: live order book, 2 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 Phoenix live order book, 61 min ago	2.93 bp	20.2 bp −$20	66.1 bp −$661	doesn't fit	doesn't fit
Sell BloFin live order book, 2 min ago	4.98 bp	11.0 bp −$11	18.8 bp −$188	63.0 bp −$6,296	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	0.2003	−1.379%	$1K	—	150x	as long as short
Injective FARTCOIN/USDC PERP	+0.0033%	1h	0.1984	−2.295%	$1K	$5	5.5x	as long as short
Deribit FARTCOIN_USDC-PERPETUAL	+0.0049%	1h	0.2004	−1.310%	$121K	$55K	25x	as long as short
Bybit FARTCOINUSDT	+0.0100%	4h	0.2006	−1.202%	$31.5M	$58.0M	50x	as long as short
Bulk FARTCOIN-USD	+0.0100%	1h	0.2024	−0.308%	$80K	−$0	10x	as long as short
MEXC FARTCOIN_USDT	+0.0100%	4h	0.2004	−1.320%	$24.7M	$15.4M	100x	as long as short
SunX FARTCOIN-USDT	+0.0100%	4h	0.2009	−1.078%	$1K	$1.8M	20x	as long as short
SoDEX FARTCOIN-USD	+0.0100%	1h	0.2005	−1.261%	$161K	$7K	10x	as long as short
HTX FARTCOIN-USDT	+0.0100%	4h	0.2009	−1.074%	$70K	$152K	20x	as long as short
Backpack FARTCOIN_USDC_PERP	+0.0103%	1h	0.2005	−1.261%	$86K	$310K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps FARTCOIN-USD	+0.0158%	1h	0.2004	−1.290%	$109K	$940K	10x	as long as short
Aevo FARTCOIN-PERP	+0.0168%	1h	0.2003	−1.372%	$32K	—	3x	as long as short
OKX FARTCOIN-USDT-SWAP	+0.0211%	4h	0.2008	−1.113%	$5.0M	$17.7M	20x	as long as short
Gate FARTCOIN_USDT	+0.0212%	4h	0.2002	−1.399%	$11.3M	$9.5M	75x	as long as short
Lighter FARTCOIN	+0.0232%	1h	0.2006	−1.207%	$650K	$1.7M	10x	as long as short
Phoenix FARTCOINlong	+0.0238%	1h	0.2031	long leg	$160K	$219K	10x
Bitget FARTCOINUSDT	+0.0242%	4h	0.2008	−1.113%	$14.1M	$18.7M	50x	as long as short
KuCoin FARTCOINUSDTM	+0.0312%	4h	0.2005	−1.261%	$10.7M	$15.6M	50x	as long as short
Aster FARTCOINUSDT	+0.0330%	4h	0.2006	−1.191%	$84K	$230K	5x	as long as short
Binance FARTCOINUSDT	+0.0336%	4h	0.2007	−1.140%	$19.8M	$88.9M	75x	as long as short
Variational Omni FARTCOIN	+0.0336%	4h	0.2004	−1.310%	$1.1M	$3.1M	—	as long as short
BingX FARTCOIN-USDC	+0.0359%	4h	0.2005	−1.261%	—	$6.5M	—	as long as short
Nado FARTCOIN-PERP	+0.0360%	1h	0.2006	−1.187%	$802K	$806K	10x	as long as short
Pacifica FARTCOIN	+0.0362%	1h	0.2005	−1.263%	$193K	$478K	10x	as long as short
Reya FARTCOINRUSDPERP	+0.0411%	1h	0.2005	−1.252%	$0	—	5x	as long as short
GRVT FARTCOIN_USDT_Perp	+0.0424%	4h	0.2031	+0.002%	$257K	$4.6M	10x	as long as short
Arcus FARTCOIN-USD	+0.0518%	1h	0.2007	−1.162%	$14K	$89K	10x	as long as short
Kraken Futures PF_FARTCOINUSD	+0.0533%	1h	0.2005	−1.252%	$771K	$2.2M	50x	as long as short
GMX FARTCOIN/USD [WBTC.b-USDC]	L +0.0562% / S −0.0721%	1h	0.2002	−1.397%	$56K	—	100x	as long as short
BloFin FARTCOIN-USDTshort	+0.0585%	4h	0.2006	−1.211%	$1.0M	$2.1M	75x
01 Exchange FARTCOINUSD	+0.0600%	1h	0.2006	−1.216%	$412	$477	10x	as long as short
Extended FARTCOIN-USD	+0.0624%	1h	0.2007	−1.164%	$234K	$1.8M	25x	as long as short
ApeX Omni FARTCOINUSDT	+0.0748%	1h	0.2026	−0.227%	$28K	$202K	50x	as long as short
Orderly PERP_FARTCOIN_USDC	+0.0823%	4h	0.2003	−1.359%	$25K	$4K	20x	as long as short
Coinbase International FARTCOIN-PERP-INTX	+0.1008%	1h	0.2011	−0.975%	$1.0M	$9.2M	50x	as long as short
Hyperliquid FARTCOIN	+0.1167%	1h	0.2007	−1.182%	$49.0M	$35.6M	10x	as long as short