FARTCOIN

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0589%/8h= −64.5% APRnext payment −$0.74 per $10,000 · paid last 24h −0.068%

Price spread now: Phoenix against Hyperliquid−0.020%7-day average +0.065% · you buy dearer than you sell

Net, funding: paid 7d − costs−$24as in the Funding arb table

Net, price: spread back to 7d avg − costs−$71as in the Price arb table

costs, in and out, $10k−$630.627% of the position

Long on Hyperliquid Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days+0.384%+$38 on $10k

Price spread, last 3 days (all we have)+0.263%+$26 · spread now −0.020%, 7d avg +0.065%

Together, before fees+0.647%+ Points / potential airdropHyperliquid: Season 2 · farm board+$65 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$18 a day on $10k at the current rate, and Phoenix is 0.086% cheaper against Hyperliquid than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of +0.065%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.384%, so the current rate has only just turned against you.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.384% in total (about 20.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.74 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	Hyperliquid FARTCOIN	0.1965	0.1166	pay 0.0146% / 1h	42m 41s	$43.8M	$26.9M	10x
Short	Phoenix FARTCOIN	0.1964	0.0577	get 0.0072% / 1h	42m 41s	$155K	$211K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against Hyperliquid. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee HyperliquidbpFee PhoenixbpOrdersPrice spread, now −0.020%Rate

Funding earned: −$123.76
Price spread: −0.020% → +0.065%: −$8.58
Slippage, 4 orders: −$46.66
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$195
Costs to cover: 0.627%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 11 min ago; Phoenix: live order book, 29 min ago.

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 Hyperliquid live order book, 11 min ago	1.02 bp	14.0 bp −$14	doesn't fit	doesn't fit	doesn't fit
Sell Phoenix live order book, 29 min ago	3.11 bp	20.4 bp −$20	58.6 bp −$586	doesn't fit	doesn't fit

FARTCOIN on 36 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
gTrade (Gains Network) FARTCOIN/USD	L +0.0005% / S −0.0002%	1h	0.1962	−0.110%	$34K	—	150x	as long as short
Deribit FARTCOIN_USDC-PERPETUAL	+0.0005%	1h	0.1963	−0.097%	$125K	$95K	25x	as long as short
Injective FARTCOIN/USDC PERP	+0.0033%	1h	0.1984	+0.987%	$1K	$4K	5.5x	as long as short
Bulk FARTCOIN-USD	+0.0100%	1h	0.1967	+0.109%	$78K	$14K	10x	as long as short
SunX FARTCOIN-USDT	+0.0100%	4h	0.1966	+0.066%	$1K	$1.7M	20x	as long as short
SoDEX FARTCOIN-USD	+0.0100%	1h	0.1963	−0.081%	$157K	$7K	10x	as long as short
HTX FARTCOIN-USDT	+0.0100%	4h	0.1966	+0.046%	$68K	$171K	20x	as long as short
Polymarket Perps FARTCOIN-USD	+0.0104%	1h	0.1964	−0.025%	$107K	$864K	10x	as long as short
Aevo FARTCOIN-PERP	+0.0128%	1h	0.1965	−0.005%	$31K	—	3x	as long as short
Aster FARTCOINUSDT	+0.0131%	4h	0.1963	−0.083%	$79K	$195K	5x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX FARTCOIN-USDT-SWAP	+0.0135%	4h	0.1964	−0.031%	$4.6M	$13.8M	20x	as long as short
Bitget FARTCOINUSDT	+0.0188%	4h	0.1965	+0.020%	$13.7M	$15.7M	50x	as long as short
Binance FARTCOINUSDT	+0.0206%	4h	0.1964	−0.038%	$18.7M	$73.6M	75x	as long as short
GRVT FARTCOIN_USDT_Perp	+0.0260%	4h	0.1964	−0.029%	$246K	$4.3M	10x	as long as short
KuCoin FARTCOINUSDTM	+0.0278%	4h	0.1965	+0.020%	$10.4M	$15.8M	50x	as long as short
Bybit FARTCOINUSDT	+0.0288%	4h	0.1964	−0.036%	$30.4M	$50.1M	50x	as long as short
MEXC FARTCOIN_USDT	+0.0292%	4h	0.1964	−0.015%	$32.3M	$13.9M	100x	as long as short
BingX FARTCOIN-USDC	+0.0294%	4h	0.1964	−0.031%	—	$6.5M	—	as long as short
GMX FARTCOIN/USD [WBTC.b-USDC]	L +0.0311% / S −0.0474%	1h	0.1962	−0.145%	$52K	—	100x	as long as short
Reya FARTCOINRUSDPERP	+0.0411%	1h	0.1964	−0.024%	$0	—	5x	as long as short
Gate FARTCOIN_USDT	+0.0416%	4h	0.1964	−0.041%	$11.1M	$8.0M	75x	as long as short
Variational Omni FARTCOIN	+0.0417%	4h	0.1966	+0.046%	$830K	$2.6M	—	as long as short
Lighter FARTCOIN	+0.0424%	1h	0.1965	+0.041%	$608K	$889K	10x	as long as short
Pacifica FARTCOIN	+0.0429%	1h	0.1964	−0.031%	$187K	$408K	10x	as long as short
BloFin FARTCOIN-USDT	+0.0447%	4h	0.1965	+0.020%	$956K	$1.8M	75x	as long as short
Extended FARTCOIN-USD	+0.0448%	1h	0.1964	−0.024%	$213K	$2.1M	25x	as long as short
Backpack FARTCOIN_USDC_PERP	+0.0500%	1h	0.1962	−0.153%	$83K	$265K	10x	as long as short
Nado FARTCOIN-PERP	+0.0528%	1h	0.1965	+0.006%	$810K	$714K	10x	as long as short
Phoenix FARTCOINshort	+0.0577%	1h	0.1964	−0.020%	$155K	$211K	10x
Orderly PERP_FARTCOIN_USDC	+0.0603%	4h	0.1964	−0.031%	$24K	$3K	20x	as long as short
Arcus FARTCOIN-USD	+0.0665%	1h	0.1965	+0.020%	$14K	$110K	10x	as long as short
ApeX Omni FARTCOINUSDT	+0.0920%	1h	0.1963	−0.081%	$26K	$216K	50x	as long as short
01 Exchange FARTCOINUSD	+0.0960%	1h	0.1965	+0.031%	$398	$381	10x	as long as short
Kraken Futures PF_FARTCOINUSD	+0.1041%	1h	0.1963	−0.074%	$774K	$1.8M	50x	as long as short
Coinbase International FARTCOIN-PERP-INTX	+0.1072%	1h	0.1971	+0.341%	$975K	$7.7M	50x	as long as short
Hyperliquid FARTCOINlong	+0.1166%	1h	0.1965	long leg	$43.8M	$26.9M	10x