Funding you earn now, next payment 07:00 UTC−0.0594%/8h= −65.0% APRnext payment −$0.74 per $10,000 · paid last 24h −0.127%
Price spread now: gTrade (Gains Network) against Phoenix−0.204%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 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 against this trade now: funding costs −$18 a day on $10k at the current rate, and gTrade (Gains Network) is 0.204% cheaper against Phoenix than usual: you would sell low and buy high (−$20 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix FET | 0.2021 | 0.0597 | pay 0.0075% / 1h | 11m 04s | $35K | $37K | 5x |
| Short | gTrade (Gains Network) FET/USD | 0.2017 | L +0.0006% / S −0.0004% | get 0.0000% / 1h | 11m 04s | $20K | — | 150x |
Phoenix FET
gTrade (Gains Network) FET/USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
gTrade (Gains Network) 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
- −$124.68
- Price spread: −0.204% → 0.000%
- −$20.44
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Net
- −$162.12
- Costs to cover
- 0.170%
- Break-even
- never at this rate
Slippage unknown: Phoenix: no order-book sample; gTrade (Gains Network): 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 Phoenix no order-book sample | — | — | — | — | — |
| Sell gTrade (Gains Network) no order-book sample | — | — | — | — | — |
Phoenix and gTrade (Gains Network): 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 | −0.3207% | 1h | 0.2018 | −0.134% | $42K | $313K | 10x | as long as short |
| Coinbase International FET-PERP-INTX | −0.0792% | 1h | 0.2025 | +0.213% | $152K | $262K | 50x | as long as short |
| Kraken Futures PF_FETUSD | −0.0011% | 1h | 0.2020 | −0.016% | $1.0M | $2.1M | 50x | as long as short |
| gTrade (Gains Network) FET/USDshort | L +0.0006% / S −0.0004% | 1h | 0.2017 | −0.204% | $20K | — | 150x | |
| Injective FET/USDC PERP | +0.0033% | 1h | 0.2010 | −0.530% | $3K | $166K | 12x | as long as short |
| Aster FETUSDT | +0.0100% | 8h | 0.2018 | −0.134% | $187K | $751K | 10x | as long as short |
| Gate FET_USDT | +0.0100% | 8h | 0.2017 | −0.183% | $2.7M | $12.8M | 50x | as long as short |
| KuCoin FETUSDTM | +0.0100% | 8h | 0.2018 | −0.134% | $10.5M | $17.8M | 50x | as long as short |
| Variational Omni FET | +0.0100% | 8h | 0.2012 | −0.421% | $276K | $524K | — | as long as short |
| Orderly PERP_FET_USDC | +0.0100% | 8h | 0.2017 | −0.183% | $36K | $11K | 10x | as long as short |
Deribit FET_USDC-PERPETUAL
Coinbase International FET-PERP-INTX
Kraken Futures PF_FETUSD
Injective FET/USDC PERP
Aster FETUSDT
Gate FET_USDT
KuCoin FETUSDTM
Variational Omni FET
Orderly PERP_FET_USDCShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget FETUSDT | +0.0130% | 8h | 0.2018 | −0.134% | $16.5M | $11.6M | 75x | as long as short |
| MEXC FET_USDT | +0.0132% | 8h | 0.2019 | −0.084% | $29.9M | $25.1M | 200x | as long as short |
| Binance FETUSDT | +0.0133% | 8h | 0.2019 | −0.084% | $30.8M | $111.7M | 75x | as long as short |
| BingX FET-USDT | +0.0134% | 8h | 0.2019 | −0.084% | — | $5.9M | — | as long as short |
| Extended FET-USD | +0.0136% | 1h | 0.2018 | −0.111% | $37K | $200K | 10x | as long as short |
| GMX FET/USD [ETH-USDC] | L +0.0201% / S −0.0301% | 1h | 0.2017 | −0.190% | $13K | — | 100x | as long as short |
| BloFin FET-USDT | +0.0253% | 8h | 0.2018 | −0.134% | $1.7M | $3.2M | 100x | as long as short |
| OKX FET-USDT-SWAP | +0.0273% | 4h | 0.2020 | −0.035% | $1.0M | $8.0M | 20x | as long as short |
| Phoenix FETlong | +0.0597% | 1h | 0.2021 | long leg | $35K | $37K | 5x | |
| Hyperliquid FET | +0.0647% | 1h | 0.2021 | −0.005% | $8.5M | $8.5M | 5x | as long as short |
Bitget FETUSDT
MEXC FET_USDT
Binance FETUSDT
BingX FET-USDT
Extended FET-USD
GMX FET/USD [ETH-USDC]
BloFin FET-USDT
OKX FET-USDT-SWAP
Hyperliquid FET