Funding arb · Price arb /

FARTCOIN

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0184%/8h= −20.2% APRpaid last 24h −0.086%

Price spread now: Aster against Phoenix−0.833%115s7-day average −0.145% · you buy dearer than you sell

Net, funding: paid 7d − costs−$170as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1061.065% of the position

Long on Phoenix Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.639%−$64 on $10k

Price spread, last 4 days (all we have)+0.283%+$28 · spread now −0.833%, 7d avg −0.145%

Together, before fees−0.357%+ Points / potential airdropAster: Stage 5 · farm board−$36 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Aster is 0.688% cheaper against Phoenix than usual: you would sell low and buy high (−$69 if the spread goes back to its 7-day average of −0.145%). Swap the legs. The two prices were read 115 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 FARTCOIN	0.1940	0.0568	pay 0.0071% / 1h	57m 36s	$153K	$216K	10x
Short	Aster FARTCOINUSDT	0.1924	0.0384	get 0.0192% / 4h	1h 57m	$81K	$194K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Phoenix. 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 PhoenixbpFee AsterbpOrdersPrice spread, now −0.833%Rate

Funding earned: −$38.7
Price spread: −0.833% → −0.145%: −$68.77
Slippage, 4 orders: −$91.5
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Aster: 4 bp × 2 orders: −$8
Net: −$213.97
Costs to cover: 1.065%
Break-even: never at this rate

Slippage from Phoenix: live order book, 65 min ago; Aster: live order book, 4 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 Phoenix live order book, 65 min ago	3.05 bp	20.2 bp −$20	66.2 bp −$662	doesn't fit	doesn't fit
Sell Aster live order book, 4 min ago	10.32 bp	21.7 bp −$22	237.8 bp −$2,378	doesn't fit	doesn't fit

FARTCOIN on 35 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 0.0000%	1h	0.1928	−0.608%	$14K	—	150x	as long as short
Injective FARTCOIN/USDC PERP	+0.0033%	1h	0.1984	+2.284%	$1K	$2K	5.5x	as long as short
Backpack FARTCOIN_USDC_PERP	+0.0100%	1h	0.1923	−0.861%	$81K	$255K	10x	as long as short
Polymarket Perps FARTCOIN-USD	+0.0100%	1h	0.1923	−0.876%	$109K	$889K	10x	as long as short
SunX FARTCOIN-USDT	+0.0100%	4h	0.1933	−0.335%	$1K	$1.7M	20x	as long as short
SoDEX FARTCOIN-USD	+0.0100%	1h	0.1926	−0.706%	$154K	$7K	10x	as long as short
HTX FARTCOIN-USDT	+0.0100%	4h	0.1929	−0.552%	$67K	$150K	20x	as long as short
Gate FARTCOIN_USDT	+0.0122%	4h	0.1921	−0.949%	$10.8M	$8.4M	75x	as long as short
OKX FARTCOIN-USDT-SWAP	+0.0138%	4h	0.1924	−0.809%	$4.7M	$14.9M	20x	as long as short
Aevo FARTCOIN-PERP	+0.0176%	1h	0.1928	−0.603%	$31K	—	3x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bulk FARTCOIN-USD	+0.0197%	1h	0.1935	−0.242%	$76K	$2K	10x	as long as short
KuCoin FARTCOINUSDTM	+0.0264%	4h	0.1923	−0.861%	$10.1M	$15.6M	50x	as long as short
Pacifica FARTCOIN	+0.0311%	1h	0.1923	−0.861%	$180K	$420K	10x	as long as short
Deribit FARTCOIN_USDC-PERPETUAL	+0.0321%	1h	0.1927	−0.650%	$122K	$95K	25x	as long as short
GMX FARTCOIN/USD [WBTC.b-USDC]	L +0.0335% / S −0.0089%	1h	0.1928	−0.627%	$68K	—	100x	as long as short
Binance FARTCOINUSDT	+0.0365%	4h	0.1923	−0.835%	$18.3M	$77.7M	75x	as long as short
Aster FARTCOINUSDTshort	+0.0384%	4h	0.1924	−0.833%	$81K	$194K	5x
Bitget FARTCOINUSDT	+0.0384%	4h	0.1923	−0.861%	$13.6M	$17.2M	50x	as long as short
Reya FARTCOINRUSDPERP	+0.0411%	1h	0.1924	−0.799%	$0	—	5x	as long as short
Lighter FARTCOIN	+0.0448%	1h	0.1925	−0.763%	$620K	$1.3M	10x	as long as short
GRVT FARTCOIN_USDT_Perp	+0.0456%	4h	0.1935	−0.238%	$248K	$4.4M	10x	as long as short
MEXC FARTCOIN_USDT	+0.0504%	4h	0.1924	−0.809%	$32.0M	$14.2M	100x	as long as short
Bybit FARTCOINUSDT	+0.0519%	4h	0.1924	−0.815%	$29.9M	$52.2M	50x	as long as short
ApeX Omni FARTCOINUSDT	+0.0526%	1h	0.1935	−0.242%	$24K	$210K	50x	as long as short
BingX FARTCOIN-USDC	+0.0530%	4h	0.1921	−0.964%	—	$6.5M	—	as long as short
Hyperliquid FARTCOIN	+0.0547%	1h	0.1924	−0.825%	$42.3M	$28.5M	10x	as long as short
01 Exchange FARTCOINUSD	+0.0560%	1h	0.1923	−0.861%	$395	$386	10x	as long as short
Phoenix FARTCOINlong	+0.0568%	1h	0.1940	long leg	$153K	$216K	10x
Extended FARTCOIN-USD	+0.0600%	1h	0.1923	−0.858%	$210K	$2.0M	25x	as long as short
Variational Omni FARTCOIN	+0.0660%	4h	0.1937	−0.139%	$795K	$2.7M	—	as long as short
Kraken Futures PF_FARTCOINUSD	+0.0758%	1h	0.1924	−0.834%	$744K	$1.9M	50x	as long as short
Orderly PERP_FARTCOIN_USDC	+0.0805%	4h	0.1928	−0.603%	$24K	$3K	20x	as long as short
Arcus FARTCOIN-USD	+0.0833%	1h	0.1924	−0.809%	$14K	$112K	10x	as long as short
Nado FARTCOIN-PERP	+0.0883%	1h	0.1924	−0.784%	$760K	$699K	10x	as long as short
Coinbase International FARTCOIN-PERP-INTX	+0.1032%	1h	0.1935	−0.247%	$1.0M	$7.1M	50x	as long as short