FARTCOIN

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0572%/8h= −62.6% APRnext payment −$0.71 per $10,000 · paid last 24h −0.031%

Price spread now: Lighter against Phoenix+0.804%7-day average −0.050% · you sell dearer than you buy

Net, funding: paid 7d − costs−$95as in the Funding arb table

Net, price: spread back to 7d avg − costs+$30as in the Price arb table

costs, in and out, $10k−$550.550% of the position

Long on Phoenix Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.398%−$40 on $10k

Price spread, last 4 days (all we have)−1.069%−$107 · spread now +0.804%, 7d avg −0.050%

Together, before fees−1.466%+ Points / potential airdropLighter: Season 3 · farm board−$147 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Lighter is 0.853% dearer against Phoenix than usual: you sell high and buy low (spread +0.804% now, against its 7-day average of −0.050%): +$85 on $10k if it goes back. Holding the pair costs −$17 a day in funding at the current rate, which eats that in about 5.0 days. At the pace of the last 7 days (−0.398% in total) that is about 15 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.398% in total (about -20.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.71 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	0.1991	0.0668	pay 0.0083% / 1h	21m 28s	$157K	$233K	10x
Short	Lighter FARTCOIN	0.2007	0.0096	get 0.0012% / 1h	21m 28s	$575K	$1.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

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

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

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 LighterbpOrdersPrice spread, now +0.804%Rate

Funding earned: −$120.02
Price spread: +0.804% → −0.050%: $85.33
Slippage, 4 orders: −$48.01
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Lighter: 0 bp × 2 orders: $0
Net: −$89.7
Costs to cover: 0.550%
Break-even: from the start

Slippage from Phoenix: live order book, 6 min ago; Lighter: live order book, 5 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, 6 min ago	3.01 bp	20.3 bp −$20	66.2 bp −$662	doesn't fit	doesn't fit
Sell Lighter live order book, 5 min ago	5.29 bp	8.3 bp −$8	33.8 bp −$338	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 −0.0006%	1h	0.2004	+0.653%	$9K	—	150x	as long as short
Injective FARTCOIN/USDC PERP	+0.0033%	1h	0.1984	−0.352%	$1K	$5	5.5x	as long as short
Lighter FARTCOINshort	+0.0096%	1h	0.2007	+0.804%	$575K	$1.9M	10x
OKX FARTCOIN-USDT-SWAP	+0.0100%	4h	0.2011	+1.005%	$4.8M	$19.9M	20x	as long as short
Bulk FARTCOIN-USD	+0.0100%	1h	0.1988	−0.169%	$82K	$3K	10x	as long as short
Polymarket Perps FARTCOIN-USD	+0.0100%	1h	0.2004	+0.653%	$109K	$982K	10x	as long as short
SunX FARTCOIN-USDT	+0.0100%	4h	0.2009	+0.919%	$1K	$1.9M	20x	as long as short
SoDEX FARTCOIN-USD	+0.0100%	1h	0.2007	+0.804%	$161K	$7K	10x	as long as short
HTX FARTCOIN-USDT	+0.0100%	4h	0.2006	+0.763%	$69K	$162K	20x	as long as short
Aevo FARTCOIN-PERP	+0.0144%	1h	0.2006	+0.772%	$32K	—	3x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster FARTCOINUSDT	+0.0173%	4h	0.2008	+0.854%	$66K	$254K	5x	as long as short
Extended FARTCOIN-USD	+0.0248%	1h	0.2007	+0.817%	$193K	$1.6M	25x	as long as short
GRVT FARTCOIN_USDT_Perp	+0.0252%	4h	0.2001	+0.507%	$253K	$4.7M	10x	as long as short
Binance FARTCOINUSDT	+0.0271%	4h	0.2010	+0.956%	$19.6M	$96.1M	75x	as long as short
Backpack FARTCOIN_USDC_PERP	+0.0280%	1h	0.2006	+0.773%	$67K	$324K	10x	as long as short
Bitget FARTCOINUSDT	+0.0298%	4h	0.2008	+0.854%	$14.1M	$19.3M	50x	as long as short
BingX FARTCOIN-USDC	+0.0300%	4h	0.2010	+0.954%	—	$6.5M	—	as long as short
Variational Omni FARTCOIN	+0.0322%	4h	0.1983	−0.401%	$1.0M	$3.1M	—	as long as short
ApeX Omni FARTCOINUSDT	+0.0330%	1h	0.2001	+0.502%	$28K	$190K	50x	as long as short
Hyperliquid FARTCOIN	+0.0356%	1h	0.2008	+0.839%	$48.1M	$40.8M	10x	as long as short
Pacifica FARTCOIN	+0.0372%	1h	0.2007	+0.781%	$185K	$509K	10x	as long as short
Reya FARTCOINRUSDPERP	+0.0411%	1h	0.2008	+0.864%	$0	—	5x	as long as short
GMX FARTCOIN/USD [WBTC.b-USDC]	L +0.0437% / S −0.0523%	1h	0.1999	+0.394%	$56K	—	100x	as long as short
MEXC FARTCOIN_USDT	+0.0462%	4h	0.2007	+0.824%	$25.3M	$16.0M	100x	as long as short
Bybit FARTCOINUSDT	+0.0485%	4h	0.2011	+0.984%	$31.1M	$63.4M	50x	as long as short
BloFin FARTCOIN-USDT	+0.0486%	4h	0.2005	+0.703%	$1.0M	$2.4M	75x	as long as short
Gate FARTCOIN_USDT	+0.0502%	4h	0.2009	+0.884%	$11.5M	$10.3M	75x	as long as short
Nado FARTCOIN-PERP	+0.0539%	1h	0.2008	+0.858%	$789K	$862K	10x	as long as short
01 Exchange FARTCOINUSD	+0.0568%	1h	0.2010	+0.949%	$412	$477	10x	as long as short
Deribit FARTCOIN_USDC-PERPETUAL	+0.0648%	1h	0.2006	+0.773%	$119K	$57K	25x	as long as short
Phoenix FARTCOINlong	+0.0668%	1h	0.1991	long leg	$157K	$233K	10x
KuCoin FARTCOINUSDTM	+0.0688%	4h	0.2009	+0.904%	$11.1M	$15.6M	50x	as long as short
Orderly PERP_FARTCOIN_USDC	+0.0724%	4h	0.2011	+1.005%	$26K	$4K	20x	as long as short
Arcus FARTCOIN-USD	+0.0956%	1h	0.2008	+0.854%	$17K	$98K	10x	as long as short
Coinbase International FARTCOIN-PERP-INTX	+0.1184%	1h	0.2007	+0.814%	$1.2M	$10.3M	50x	as long as short
Kraken Futures PF_FARTCOINUSD	+0.1213%	1h	0.2006	+0.758%	$817K	$2.6M	50x	as long as short