Funding you earn now, next payment 21:00 UTC+0.0256%/8h= +28.0% APRpaid last 24h +0.046%
Price spread now: Phoenix against BloFin−0.110%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.012%+$1 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Funding pays, the price is against you. Phoenix is 0.110% cheaper against BloFin than usual: you would sell low and buy high (spread −0.110% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$11 on $10k: about 34 hours of funding at the current rate (+$8 a day). At the pace of the last 7 days (+0.012% in total) that is about 2 months.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.012% in total (about 0.6% a year). A funding rate is set anew for every payment. 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 | BloFin FET-USDT | 0.1997 | 0.0220 | pay 0.0220% / 8h | 2h 04m | $1.7M | $2.6M | 100x |
| Short | Phoenix FET | 0.1995 | 0.0476 | get 0.0059% / 1h | 4m 57s | $27K | $37K | 5x |
BloFin FET-USDT
Phoenix FETFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against BloFin. 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
- $53.67
- Price spread: −0.110% → 0.000%
- −$11.02
- Slippage, 4 orders
- no order book: not counted
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $23.65
- Costs to cover
- 0.190%
- Break-even
- 3.9 days
Slippage unknown: BloFin: live order book, 3 min ago; 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 BloFin live order book, 3 min ago | 10.02 bp | 16.0 bp −$16 | 21.9 bp −$219 | 179.5 bp −$17.9K | doesn't fit |
| Sell Phoenix no order-book sample | — | — | — | — | — |
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 | −0.5741% | 1h | 0.1991 | −0.300% | $26K | $199K | 10x | as long as short |
| Coinbase International FET-PERP-INTX | −0.0480% | 1h | 0.2022 | +1.252% | $161K | $188K | 50x | as long as short |
| Gate FET_USDT | −0.0012% | 8h | 0.1992 | −0.250% | $2.7M | $11.9M | 50x | as long as short |
| gTrade (Gains Network) FET/USD | L +0.0006% / S −0.0012% | 1h | 0.1992 | −0.236% | $31K | — | 150x | as long as short |
| Kraken Futures PF_FETUSD | +0.0032% | 1h | 0.1995 | −0.103% | $1.0M | $2.2M | 50x | as long as short |
| Aster FETUSDT | +0.0100% | 8h | 0.1994 | −0.150% | $338K | $532K | 10x | as long as short |
| Binance FETUSDT | +0.0100% | 8h | 0.1993 | −0.177% | $31.1M | $107.2M | 75x | as long as short |
| MEXC FET_USDT | +0.0100% | 8h | 0.1992 | −0.250% | $34.4M | $25.5M | 200x | as long as short |
| KuCoin FETUSDTM | +0.0100% | 8h | 0.1993 | −0.200% | $10.2M | $19.1M | 50x | as long as short |
| Variational Omni FET | +0.0100% | 8h | 0.1994 | −0.130% | $270K | $315K | — | as long as short |
Deribit FET_USDC-PERPETUAL
Coinbase International FET-PERP-INTX
Gate FET_USDT
gTrade (Gains Network) FET/USD
Kraken Futures PF_FETUSD
Aster FETUSDT
Binance FETUSDT
MEXC FET_USDT
KuCoin FETUSDTM
Variational Omni FETShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_FET_USDC | +0.0100% | 8h | 0.1992 | −0.250% | $37K | $5K | 10x | as long as short |
| Extended FET-USD | +0.0104% | 1h | 0.1993 | −0.214% | $32K | $189K | 10x | as long as short |
| OKX FET-USDT-SWAP | +0.0105% | 4h | 0.1995 | −0.100% | $848K | $7.5M | 20x | as long as short |
| GMX FET/USD [ETH-USDC] | L +0.0200% / S −0.0278% | 1h | 0.1993 | −0.222% | $13K | — | 100x | as long as short |
| BingX FET-USDT | +0.0217% | 8h | 0.1994 | −0.150% | — | $5.6M | — | as long as short |
| BloFin FET-USDTlong | +0.0220% | 8h | 0.1997 | long leg | $1.7M | $2.6M | 100x | |
| Hyperliquid FET | +0.0240% | 1h | 0.1995 | −0.106% | $8.9M | $7.8M | 5x | as long as short |
| Bitget FETUSDT | +0.0241% | 8h | 0.1996 | −0.050% | $16.3M | $11.4M | 75x | as long as short |
| Injective FET/USDC PERP | +0.0371% | 1h | 0.2010 | +0.651% | $3K | $166K | 12x | as long as short |
| Phoenix FETshort | +0.0476% | 1h | 0.1995 | −0.110% | $27K | $37K | 5x |
Orderly PERP_FET_USDC
Extended FET-USD
OKX FET-USDT-SWAP
GMX FET/USD [ETH-USDC]
BingX FET-USDT
Hyperliquid FET
Bitget FETUSDT
Injective FET/USDC PERP