Funding you earn now, next payment 09:00 UTC+0.5414%/8h= +592.8% APRnext payment +$6.77 per $10,000 · paid last 24h +0.888%
Price spread now: Phoenix against Deribit+0.219%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 6 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$162 a day on $10k at the current rate, and Phoenix is 0.219% dearer against Deribit than usual: you sell high and buy low: +$22 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit FET_USDC-PERPETUAL | 0.2100 | −0.4961 | get 0.0620% / 1h | 0m 47s | $33K | $324K | 10x |
| Short | Phoenix FET | 0.2105 | 0.0453 | get 0.0057% / 1h | 0m 47s | $36K | $35K | 5x |
Deribit FET_USDC-PERPETUAL
Phoenix FETFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Deribit. 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
- $1,136.85
- Price spread: +0.219% → 0.000%
- $21.9
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $1,144.76
- Costs to cover
- 0.140%
- Break-even
- from the start
Slippage unknown: Deribit: live order book, 50 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 Deribit live order book, 50 min ago | 7.17 bp | 10.7 bp −$11 | 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 exchanges
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-PERPETUALlong | −0.4961% | 1h | 0.2100 | long leg | $33K | $324K | 10x | |
| Coinbase International FET-PERP-INTX | −0.0648% | 1h | 0.2107 | +0.333% | $149K | $272K | 50x | as long as short |
| Kraken Futures PF_FETUSD | −0.0017% | 1h | 0.2101 | +0.053% | $1.1M | $2.0M | 50x | as long as short |
| gTrade (Gains Network) FET/USD | L +0.0006% / S −0.0003% | 1h | 0.2098 | −0.080% | $10K | — | 150x | as long as short |
| Aster FETUSDT | +0.0100% | 8h | 0.2102 | +0.100% | $163K | $749K | 10x | as long as short |
| Binance FETUSDT | +0.0100% | 8h | 0.2103 | +0.143% | $32.5M | $111.1M | 75x | as long as short |
| OKX FET-USDT-SWAP | +0.0100% | 4h | 0.2103 | +0.143% | $1.1M | $7.8M | 20x | as long as short |
| Gate FET_USDT | +0.0100% | 8h | 0.2102 | +0.095% | $3.0M | $12.8M | 50x | as long as short |
| MEXC FET_USDT | +0.0100% | 8h | 0.2103 | +0.143% | $30.9M | $26.2M | 200x | as long as short |
| KuCoin FETUSDTM | +0.0100% | 8h | 0.2100 | 0.000% | $11.3M | $17.2M | 50x | as long as short |
Coinbase International FET-PERP-INTX
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 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget FETUSDT | +0.0100% | 8h | 0.2103 | +0.143% | $16.8M | $12.2M | 75x | as long as short |
| BingX FET-USDT | +0.0100% | 8h | 0.2102 | +0.095% | — | $5.8M | — | as long as short |
| Variational Omni FET | +0.0100% | 8h | 0.2105 | +0.238% | $315K | $561K | — | as long as short |
| Orderly PERP_FET_USDC | +0.0100% | 8h | 0.2099 | −0.048% | $37K | $11K | 10x | as long as short |
| Extended FET-USD | +0.0104% | 1h | 0.2100 | +0.012% | $35K | $210K | 10x | as long as short |
| GMX FET/USD [ETH-USDC] | L +0.0199% / S −0.0277% | 1h | 0.2099 | −0.059% | $13K | — | 100x | as long as short |
| BloFin FET-USDT | +0.0220% | 8h | 0.2098 | −0.095% | $1.8M | $3.3M | 100x | as long as short |
| Phoenix FETshort | +0.0453% | 1h | 0.2105 | +0.219% | $36K | $35K | 5x | |
| Hyperliquid FET | +0.0480% | 1h | 0.2107 | +0.310% | $9.4M | $7.8M | 5x | as long as short |
| Injective FET/USDC PERP | +0.2505% | 1h | 0.2100 | 0.000% | $2K | $166K | 12x | as long as short |
Bitget FETUSDT
BingX FET-USDT
Variational Omni FET
Orderly PERP_FET_USDC
Extended FET-USD
GMX FET/USD [ETH-USDC]
BloFin FET-USDT
Hyperliquid FET
Injective FET/USDC PERP