Funding you earn now, next payment 09:00 UTC+0.0353%/8h= +38.6% APRpaid last 24h +0.108%
Price spread now: Phoenix against Orderly+0.826%66s7-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
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and Phoenix is 0.826% dearer against Orderly than usual: you sell high and buy low: +$83 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 66 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 | Orderly PERP_FET_USDC | 0.2083 | 0.0100 | pay 0.0100% / 8h | 5h 56m | $37K | $13K | 10x |
| Short | Phoenix FET | 0.2100 | 0.0453 | get 0.0057% / 1h | 56m 11s | $36K | $36K | 5x |
Orderly PERP_FET_USDC
Phoenix FETFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Orderly. 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
- $74.09
- Price spread: +0.826% → 0.000%
- $82.57
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $143.66
- Costs to cover
- 0.130%
- Break-even
- from the start
Slippage unknown: Orderly: no order-book sample; 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 Orderly no order-book sample | — | — | — | — | — |
| Sell Phoenix no order-book sample | — | — | — | — | — |
Orderly and 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-PERPETUAL | −0.6423% | 1h | 0.2084 | +0.048% | $33K | $324K | 10x | as long as short |
| Coinbase International FET-PERP-INTX | −0.1152% | 1h | 0.2090 | +0.336% | $148K | $271K | 50x | as long as short |
| Kraken Futures PF_FETUSD | −0.1149% | 1h | 0.2087 | +0.199% | $1.1M | $2.0M | 50x | as long as short |
| gTrade (Gains Network) FET/USD | L +0.0006% / S −0.0003% | 1h | 0.2094 | +0.530% | $10K | — | 150x | as long as short |
| Injective FET/USDC PERP | +0.0033% | 1h | 0.2100 | +0.816% | $2K | $166K | 12x | as long as short |
| Aster FETUSDT | +0.0100% | 8h | 0.2086 | +0.137% | $162K | $746K | 10x | as long as short |
| Binance FETUSDT | +0.0100% | 8h | 0.2085 | +0.115% | $32.3M | $110.9M | 75x | as long as short |
| OKX FET-USDT-SWAP | +0.0100% | 4h | 0.2085 | +0.096% | $1.1M | $7.7M | 20x | as long as short |
| Gate FET_USDT | +0.0100% | 8h | 0.2084 | +0.048% | $2.9M | $12.4M | 50x | as long as short |
| MEXC FET_USDT | +0.0100% | 8h | 0.2084 | +0.048% | $30.5M | $25.2M | 200x | as long as short |
Deribit FET_USDC-PERPETUAL
Coinbase International FET-PERP-INTX
Kraken Futures PF_FETUSD
gTrade (Gains Network) FET/USD
Injective FET/USDC PERP
Aster FETUSDT
Binance FETUSDT
OKX FET-USDT-SWAP
Gate FET_USDT
MEXC FET_USDTShow all 20 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin FETUSDTM | +0.0100% | 8h | 0.2085 | +0.096% | $11.2M | $17.2M | 50x | as long as short |
| Bitget FETUSDT | +0.0100% | 8h | 0.2085 | +0.096% | $16.7M | $12.2M | 75x | as long as short |
| BingX FET-USDT | +0.0100% | 8h | 0.2086 | +0.144% | — | $5.8M | — | as long as short |
| Variational Omni FET | +0.0100% | 8h | 0.2098 | +0.720% | $315K | $562K | — | as long as short |
| Orderly PERP_FET_USDClong | +0.0100% | 8h | 0.2083 | long leg | $37K | $13K | 10x | |
| Extended FET-USD | +0.0104% | 1h | 0.2084 | +0.062% | $38K | $213K | 10x | as long as short |
| GMX FET/USD [ETH-USDC] | L +0.0199% / S −0.0277% | 1h | 0.2085 | +0.083% | $13K | — | 100x | as long as short |
| BloFin FET-USDT | +0.0220% | 8h | 0.2098 | +0.720% | $1.8M | $3.3M | 100x | as long as short |
| Hyperliquid FET | +0.0353% | 1h | 0.2089 | +0.278% | $9.3M | $7.8M | 5x | as long as short |
| Phoenix FETshort | +0.0453% | 1h | 0.2100 | +0.826% | $36K | $36K | 5x |
KuCoin FETUSDTM
Bitget FETUSDT
BingX FET-USDT
Variational Omni FET
Extended FET-USD
GMX FET/USD [ETH-USDC]
BloFin FET-USDT
Hyperliquid FET