Funding you earn now, next payment 04:00 UTC−0.0212%/8h= −23.2% APRpaid last 24h −0.074%
Price spread now: Bitget against Phoenix−0.644%49s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.216%−$22 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Bitget is 0.644% cheaper against Phoenix than usual: you would sell low and buy high (−$64 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 49 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 | Phoenix FET | 0.1987 | 0.0435 | pay 0.0054% / 1h | 2m 41s | $35K | $38K | 5x |
| Short | Bitget FETUSDT | 0.1974 | 0.0223 | get 0.0223% / 8h | 3h 02m | $15.9M | $11.8M | 75x |
Phoenix FET
Bitget FETUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Phoenix. 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
- −$44.42
- Price spread: −0.644% → 0.000%
- −$64.43
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$127.85
- Costs to cover
- 0.190%
- Break-even
- never at this rate
Slippage unknown: Phoenix: no order-book sample; Bitget: live order book, 1 min ago. 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 Phoenix no order-book sample | — | — | — | — | — |
| Sell Bitget live order book, 1 min ago | 5.05 bp | 16.1 bp −$16 | 42.0 bp −$420 | doesn't fit | doesn't fit |
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 | −0.4284% | 1h | 0.1976 | −0.544% | $38K | $298K | 10x | as long as short |
| Coinbase International FET-PERP-INTX | −0.1192% | 1h | 0.1982 | −0.242% | $146K | $254K | 50x | as long as short |
| Kraken Futures PF_FETUSD | −0.0371% | 1h | 0.1977 | −0.476% | $967K | $2.2M | 50x | as long as short |
| gTrade (Gains Network) FET/USD | L +0.0006% / S −0.0004% | 1h | 0.1976 | −0.567% | $20K | — | 150x | as long as short |
| Injective FET/USDC PERP | +0.0033% | 1h | 0.2010 | +1.168% | $3K | $166K | 12x | as long as short |
| Aster FETUSDT | +0.0100% | 8h | 0.1975 | −0.590% | $189K | $809K | 10x | as long as short |
| Binance FETUSDT | +0.0100% | 8h | 0.1974 | −0.644% | $30.0M | $114.3M | 75x | as long as short |
| Gate FET_USDT | +0.0100% | 8h | 0.1972 | −0.745% | $2.6M | $12.7M | 50x | as long as short |
| MEXC FET_USDT | +0.0100% | 8h | 0.1973 | −0.695% | $29.6M | $25.0M | 200x | as long as short |
| KuCoin FETUSDTM | +0.0100% | 8h | 0.1974 | −0.644% | $10.3M | $18.6M | 50x | 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
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 | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni FET | +0.0100% | 8h | 0.1984 | −0.133% | $272K | $479K | — | as long as short |
| Orderly PERP_FET_USDC | +0.0100% | 8h | 0.1976 | −0.544% | $37K | $7K | 10x | as long as short |
| Extended FET-USD | +0.0104% | 1h | 0.1974 | −0.658% | $32K | $198K | 10x | as long as short |
| GMX FET/USD [ETH-USDC] | L +0.0201% / S −0.0301% | 1h | 0.1975 | −0.575% | $13K | — | 100x | as long as short |
| BingX FET-USDT | +0.0215% | 8h | 0.1974 | −0.644% | — | $6.0M | — | as long as short |
| BloFin FET-USDT | +0.0220% | 8h | 0.1976 | −0.544% | $1.7M | $3.2M | 100x | as long as short |
| Bitget FETUSDTshort | +0.0223% | 8h | 0.1974 | −0.644% | $15.9M | $11.8M | 75x | |
| OKX FET-USDT-SWAP | +0.0358% | 4h | 0.1975 | −0.594% | $989K | $8.0M | 20x | as long as short |
| Phoenix FETlong | +0.0435% | 1h | 0.1987 | long leg | $35K | $38K | 5x | |
| Hyperliquid FET | +0.0636% | 1h | 0.1976 | −0.559% | $8.4M | $8.4M | 5x | as long as short |
Variational Omni FET
Orderly PERP_FET_USDC
Extended FET-USD
GMX FET/USD [ETH-USDC]
BingX FET-USDT
BloFin FET-USDT
OKX FET-USDT-SWAP
Hyperliquid FET