Funding you earn now, next payment 08:00 UTC+0.1242%/8h= +136.0% APRnext payment +$1.55 per $10,000 · paid last 24h +0.234%
Price spread now: Phoenix against Coinbase International−0.596%72s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.523%+$52 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Funding pays, the price is against you. Phoenix is 0.596% cheaper against Coinbase International than usual: you would sell low and buy high (spread −0.596% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$60 on $10k: about 38 hours of funding at the current rate (+$37 a day). At the pace of the last 7 days (+0.523% in total) that is about 8.0 days. 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 0.523% in total (about 27.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.55 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 FET-PERP-INTX | 0.2115 | −0.0648 | get 0.0081% / 1h | 58m 18s | $145K | $282K | 50x |
| Short | Phoenix FET | 0.2102 | 0.0594 | get 0.0074% / 1h | 58m 18s | $36K | $34K | 5x |
Coinbase International FET-PERP-INTX
Phoenix FETFunding 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
- $260.73
- Price spread: −0.596% → 0.000%
- −$59.57
- Slippage, 4 orders
- no order book: not counted
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $184.15
- Costs to cover
- 0.170%
- Break-even
- 2.1 days
Slippage unknown: Coinbase International: live order book, 35 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 Coinbase International live order book, 35 min ago | 7.38 bp | 54.6 bp −$55 | doesn't fit | 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 | −0.3524% | 1h | 0.2112 | −0.142% | $43K | $312K | 10x | as long as short |
| Coinbase International FET-PERP-INTXlong | −0.0648% | 1h | 0.2115 | long leg | $145K | $282K | 50x | |
| Kraken Futures PF_FETUSD | −0.0017% | 1h | 0.2112 | −0.127% | $1.1M | $2.0M | 50x | as long as short |
| gTrade (Gains Network) FET/USD | L +0.0006% / S −0.0004% | 1h | 0.2113 | −0.076% | $21K | — | 150x | as long as short |
| Aster FETUSDT | +0.0100% | 8h | 0.2111 | −0.174% | $193K | $713K | 10x | as long as short |
| Binance FETUSDT | +0.0100% | 8h | 0.2112 | −0.142% | $32.3M | $111.3M | 75x | as long as short |
| OKX FET-USDT-SWAP | +0.0100% | 4h | 0.2113 | −0.095% | $1.1M | $8.0M | 20x | as long as short |
| Gate FET_USDT | +0.0100% | 8h | 0.2110 | −0.236% | $2.9M | $11.8M | 50x | as long as short |
| MEXC FET_USDT | +0.0100% | 8h | 0.2111 | −0.189% | $31.0M | $24.8M | 200x | as long as short |
| KuCoin FETUSDTM | +0.0100% | 8h | 0.2111 | −0.189% | $11.0M | $17.6M | 50x | as long as short |
Deribit FET_USDC-PERPETUAL
Kraken Futures PF_FETUSD
gTrade (Gains Network) FET/USD
Aster FETUSDT
Binance FETUSDT
OKX FET-USDT-SWAP
Gate FET_USDT
MEXC FET_USDT
KuCoin FETUSDTMShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget FETUSDT | +0.0100% | 8h | 0.2113 | −0.095% | $17.4M | $11.5M | 75x | as long as short |
| Variational Omni FET | +0.0100% | 8h | 0.2108 | −0.326% | $313K | $573K | — | as long as short |
| Orderly PERP_FET_USDC | +0.0100% | 8h | 0.2110 | −0.236% | $37K | $12K | 10x | as long as short |
| Extended FET-USD | +0.0104% | 1h | 0.2110 | −0.219% | $32K | $203K | 10x | as long as short |
| BingX FET-USDT | +0.0107% | 8h | 0.2111 | −0.189% | — | $5.6M | — | as long as short |
| GMX FET/USD [ETH-USDC] | L +0.0203% / S −0.0301% | 1h | 0.2106 | −0.409% | $14K | — | 100x | as long as short |
| BloFin FET-USDT | +0.0220% | 8h | 0.2113 | −0.095% | $1.8M | $3.5M | 100x | as long as short |
| Phoenix FETshort | +0.0594% | 1h | 0.2102 | −0.596% | $36K | $34K | 5x | |
| Hyperliquid FET | +0.0751% | 1h | 0.2114 | −0.028% | $9.4M | $7.9M | 5x | as long as short |
| Injective FET/USDC PERP | +0.2505% | 1h | 0.2100 | −0.709% | $2K | $166K | 12x | as long as short |
Bitget FETUSDT
Variational Omni FET
Orderly PERP_FET_USDC
Extended FET-USD
BingX FET-USDT
GMX FET/USD [ETH-USDC]
BloFin FET-USDT
Hyperliquid FET
Injective FET/USDC PERP