Funding arb · Price arb /

FARTCOIN

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 19:00 UTC+0.0765%/8hnext payment +$0.96 per $10,000 · paid last 24h +0.089%

Price spread now: Kraken Futures against Phoenix−0.109%71s7-day average −0.092% · you buy dearer than you sell

Net, funding: paid 7d − costs−$89as 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−$890.891% of the position

Long on Phoenix Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.005%+$1 on $10k

Price spread, last 3 days (all we have)+0.149%+$15 · spread now −0.109%, 7d avg −0.092%

Together, before fees+0.154%+$15 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.092%, so right now this pair is about funding alone: +$23 a day on $10k at the current rate. The two prices were read 71 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 0.005% in total (about 0.3% 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	Phoenix FARTCOIN	0.1942	0.0494	pay 0.0062% / 1h	23m 43s	$113K	$154K	10x
Short	Kraken Futures PF_FARTCOINUSD	0.1940	0.1259	get 0.0157% / 1h	23m 43s	$768K	$1.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now −0.109%Rate

Funding earned: $160.62
Price spread: −0.109% → −0.092%: −$1.73
Slippage, 4 orders: −$72.15
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $69.75
Costs to cover: 0.891%
Break-even: 4.0 days

Slippage from Phoenix: live order book, 3 min ago; Kraken Futures: live order book, 4 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, 3 min ago	3.08 bp	20.2 bp −$20	66.1 bp −$661	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 4 min ago	10.29 bp	19.7 bp −$20	37.4 bp −$374	1380.1 bp −$138.0K	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 −0.0001%	1h	0.1940	−0.093%	$44K	—	150x	as long as short
Injective FARTCOIN/USDC PERP	+0.0033%	1h	0.1984	+2.173%	$1K	$4K	5.5x	as long as short
Bulk FARTCOIN-USD	+0.0100%	1h	0.1945	+0.166%	$75K	$14K	10x	as long as short
Polymarket Perps FARTCOIN-USD	+0.0100%	1h	0.1942	−0.005%	$105K	$752K	10x	as long as short
SunX FARTCOIN-USDT	+0.0100%	4h	0.1941	−0.026%	$2K	$1.6M	20x	as long as short
SoDEX FARTCOIN-USD	+0.0100%	1h	0.1939	−0.144%	$155K	$6K	10x	as long as short
HTX FARTCOIN-USDT	+0.0100%	4h	0.1942	+0.005%	$68K	$206K	20x	as long as short
Extended FARTCOIN-USD	+0.0104%	1h	0.1939	−0.157%	$203K	$2.1M	25x	as long as short
Deribit FARTCOIN_USDC-PERPETUAL	+0.0111%	1h	0.1941	−0.067%	$128K	$89K	25x	as long as short
OKX FARTCOIN-USDT-SWAP	+0.0115%	4h	0.1933	−0.453%	$4.7M	$13.3M	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aevo FARTCOIN-PERP	+0.0128%	1h	0.1941	−0.067%	$31K	—	3x	as long as short
Aster FARTCOINUSDT	+0.0146%	4h	0.1940	−0.102%	$65K	$158K	5x	as long as short
Pacifica FARTCOIN	+0.0176%	1h	0.1934	−0.406%	$182K	$397K	10x	as long as short
Binance FARTCOINUSDT	+0.0182%	4h	0.1934	−0.414%	$19.0M	$69.2M	75x	as long as short
Bybit FARTCOINUSDT	+0.0220%	4h	0.1933	−0.433%	$30.1M	$45.4M	50x	as long as short
GRVT FARTCOIN_USDT_Perp	+0.0228%	4h	0.1940	−0.088%	$251K	$4.6M	10x	as long as short
MEXC FARTCOIN_USDT	+0.0230%	4h	0.1935	−0.330%	$31.3M	$13.3M	100x	as long as short
KuCoin FARTCOINUSDTM	+0.0232%	4h	0.1933	−0.453%	$10.2M	$14.9M	50x	as long as short
Bitget FARTCOINUSDT	+0.0244%	4h	0.1933	−0.453%	$13.5M	$13.9M	50x	as long as short
BingX FARTCOIN-USDC	+0.0246%	4h	0.1933	−0.453%	—	$6.5M	—	as long as short
Backpack FARTCOIN_USDC_PERP	+0.0292%	1h	0.1938	−0.221%	$84K	$226K	10x	as long as short
Lighter FARTCOIN	+0.0296%	1h	0.1937	−0.268%	$585K	$792K	10x	as long as short
Arcus FARTCOIN-USD	+0.0366%	1h	0.1943	+0.062%	$14K	$119K	10x	as long as short
Reya FARTCOINRUSDPERP	+0.0411%	1h	0.1941	−0.018%	$0	—	5x	as long as short
Variational Omni FARTCOIN	+0.0414%	4h	0.1942	−0.011%	$817K	$2.4M	—	as long as short
GMX FARTCOIN/USD [WBTC.b-USDC]	L +0.0420% / S −0.0624%	1h	0.1940	−0.101%	$44K	—	100x	as long as short
Gate FARTCOIN_USDT	+0.0428%	4h	0.1939	−0.129%	$10.8M	$7.4M	75x	as long as short
BloFin FARTCOIN-USDT	+0.0435%	4h	0.1942	+0.010%	$1.0M	$1.5M	75x	as long as short
Phoenix FARTCOINlong	+0.0494%	1h	0.1942	long leg	$113K	$154K	10x
ApeX Omni FARTCOINUSDT	+0.0540%	1h	0.1939	−0.144%	$24K	$219K	50x	as long as short
Orderly PERP_FARTCOIN_USDC	+0.0711%	4h	0.1941	−0.041%	$24K	$3K	20x	as long as short
Nado FARTCOIN-PERP	+0.0744%	1h	0.1941	−0.030%	$789K	$619K	10x	as long as short
01 Exchange FARTCOINUSD	+0.0888%	1h	0.1944	+0.093%	$394	$381	10x	as long as short
Coinbase International FARTCOIN-PERP-INTX	+0.1016%	1h	0.1944	+0.118%	$965K	$7.1M	50x	as long as short
Hyperliquid FARTCOIN	+0.1023%	1h	0.1938	−0.201%	$42.6M	$25.3M	10x	as long as short
Kraken Futures PF_FARTCOINUSDshort	+0.1259%	1h	0.1940	−0.109%	$768K	$1.7M	50x