Funding you earn now, next payment 21:00 UTC+0.0376%/8h= +41.1% APRpaid last 24h +0.082%
Price spread now: Phoenix against Aster+0.073%55s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and Phoenix is 0.073% dearer against Aster than usual: you sell high and buy low: +$7 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 55 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aster FETUSDT | 0.2021 | 0.0100 | pay 0.0100% / 8h | 2h 22m | $348K | $529K | 10x |
| Short | Phoenix FET | 0.2023 | 0.0476 | get 0.0059% / 1h | 22m 33s | $27K | $37K | 5x |
Aster FETUSDT
Phoenix FETFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Aster. 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
- $78.87
- Price spread: +0.073% → 0.000%
- $7.32
- Slippage, 4 orders
- no order book: not counted
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $71.19
- Costs to cover
- 0.150%
- Break-even
- 0.7 days
Slippage unknown: Aster: live order book, 65 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 Aster live order book, 65 min ago | 9.86 bp | 34.7 bp −$35 | 352.1 bp −$3,521 | 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.
FET on 20 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit FET_USDC-PERPETUAL | −0.4676% | 1h | 0.2020 | −0.055% | $27K | $209K | 10x | as long as short |
| Coinbase International FET-PERP-INTX | −0.0480% | 1h | 0.2022 | +0.044% | $161K | $189K | 50x | as long as short |
| Gate FET_USDT | −0.0030% | 8h | 0.2018 | −0.154% | $2.7M | $11.8M | 50x | as long as short |
| gTrade (Gains Network) FET/USD | L +0.0006% / S −0.0012% | 1h | 0.2021 | −0.018% | $32K | — | 150x | as long as short |
| Kraken Futures PF_FETUSD | +0.0032% | 1h | 0.2024 | +0.147% | $1.0M | $2.1M | 50x | as long as short |
| Aster FETUSDTlong | +0.0100% | 8h | 0.2021 | long leg | $348K | $529K | 10x | |
| Binance FETUSDT | +0.0100% | 8h | 0.2018 | −0.130% | $31.5M | $107.2M | 75x | as long as short |
| OKX FET-USDT-SWAP | +0.0100% | 4h | 0.2021 | −0.006% | $860K | $7.6M | 20x | as long as short |
| MEXC FET_USDT | +0.0100% | 8h | 0.2018 | −0.154% | $35.1M | $25.3M | 200x | as long as short |
| KuCoin FETUSDTM | +0.0100% | 8h | 0.2019 | −0.105% | $10.4M | $19.1M | 50x | as long as short |
Deribit FET_USDC-PERPETUAL
Coinbase International FET-PERP-INTX
Gate FET_USDT
gTrade (Gains Network) FET/USD
Kraken Futures PF_FETUSD
Binance FETUSDT
OKX FET-USDT-SWAP
MEXC FET_USDT
KuCoin FETUSDTMShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni FET | +0.0100% | 8h | 0.2019 | −0.084% | $273K | $315K | — | as long as short |
| Orderly PERP_FET_USDC | +0.0100% | 8h | 0.2020 | −0.055% | $37K | $5K | 10x | as long as short |
| Extended FET-USD | +0.0104% | 1h | 0.2018 | −0.159% | $32K | $144K | 10x | as long as short |
| BingX FET-USDT | +0.0173% | 8h | 0.2020 | −0.055% | — | $5.6M | — | as long as short |
| Bitget FETUSDT | +0.0196% | 8h | 0.2020 | −0.055% | $16.5M | $11.4M | 75x | as long as short |
| GMX FET/USD [ETH-USDC] | L +0.0201% / S −0.0278% | 1h | 0.2019 | −0.093% | $13K | — | 100x | as long as short |
| BloFin FET-USDT | +0.0220% | 8h | 0.2022 | +0.044% | $1.7M | $2.6M | 100x | as long as short |
| Hyperliquid FET | +0.0232% | 1h | 0.2020 | −0.046% | $9.0M | $7.7M | 5x | as long as short |
| Injective FET/USDC PERP | +0.0371% | 1h | 0.2030 | +0.439% | $3K | $118K | 12x | as long as short |
| Phoenix FETshort | +0.0476% | 1h | 0.2023 | +0.073% | $27K | $37K | 5x |
Variational Omni FET
Orderly PERP_FET_USDC
Extended FET-USD
BingX FET-USDT
Bitget FETUSDT
GMX FET/USD [ETH-USDC]
BloFin FET-USDT
Hyperliquid FET
Injective FET/USDC PERP