FET

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.3288%/8h= +360.0% APRnext payment +$4.11 per $10,000 · paid last 24h +0.856%

Price spread now: Phoenix against Deribit−0.202%70s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Deribit Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 6 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

Funding pays, the price is against you. Phoenix is 0.202% cheaper against Deribit than usual: you would sell low and buy high (spread −0.202% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$20 on $10k: about 5 hours of funding at the current rate (+$99 a day). The two prices were read 70 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	Deribit FET_USDC-PERPETUAL	0.2032	−0.2694	get 0.0337% / 1h	47m 54s	$42K	$313K	10x
Short	Phoenix FET	0.2028	0.0594	get 0.0074% / 1h	47m 54s	$35K	$35K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against Deribit. 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 DeribitbpFee PhoenixbpOrdersPrice spread, now −0.202%Rate

Funding earned: $690.4
Price spread: −0.202% → 0.000%: −$20.18
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $656.22
Costs to cover: 0.140%
Break-even: 0.3 days

Slippage unknown: Deribit: live order book, 51 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 Deribit live order book, 51 min ago	9.95 bp	13.4 bp −$13	doesn't fit	doesn't fit	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-PERPETUALlong	−0.2694%	1h	0.2032	long leg	$42K	$313K	10x
Coinbase International FET-PERP-INTX	−0.0736%	1h	0.2031	−0.049%	$143K	$272K	50x	as long as short
Kraken Futures PF_FETUSD	−0.0303%	1h	0.2035	+0.138%	$1.0M	$2.0M	50x	as long as short
gTrade (Gains Network) FET/USD	L +0.0006% / S −0.0004%	1h	0.2031	−0.071%	$20K	—	150x	as long as short
Injective FET/USDC PERP	+0.0033%	1h	0.2010	−1.083%	$3K	$166K	12x	as long as short
Aster FETUSDT	+0.0100%	8h	0.2035	+0.166%	$189K	$752K	10x	as long as short
Gate FET_USDT	+0.0100%	8h	0.2032	0.000%	$2.8M	$12.0M	50x	as long as short
KuCoin FETUSDTM	+0.0100%	8h	0.2033	+0.049%	$10.5M	$17.8M	50x	as long as short
Variational Omni FET	+0.0100%	8h	0.2031	−0.041%	$277K	$544K	—	as long as short
Orderly PERP_FET_USDC	+0.0100%	8h	0.2031	−0.049%	$36K	$11K	10x	as long as short

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget FETUSDT	+0.0114%	8h	0.2039	+0.344%	$16.7M	$11.7M	75x	as long as short
MEXC FET_USDT	+0.0130%	8h	0.2034	+0.098%	$30.2M	$25.0M	200x	as long as short
BingX FET-USDT	+0.0130%	8h	0.2035	+0.148%	—	$5.9M	—	as long as short
Binance FETUSDT	+0.0133%	8h	0.2035	+0.148%	$31.1M	$111.7M	75x	as long as short
Extended FET-USD	+0.0136%	1h	0.2035	+0.159%	$30K	$204K	10x	as long as short
GMX FET/USD [ETH-USDC]	L +0.0202% / S −0.0301%	1h	0.2030	−0.083%	$13K	—	100x	as long as short
OKX FET-USDT-SWAP	+0.0228%	4h	0.2037	+0.246%	$1.0M	$8.0M	20x	as long as short
BloFin FET-USDT	+0.0251%	8h	0.2031	−0.049%	$1.7M	$3.3M	100x	as long as short
Phoenix FETshort	+0.0594%	1h	0.2028	−0.202%	$35K	$35K	5x
Hyperliquid FET	+0.0778%	1h	0.2038	+0.305%	$8.5M	$8.5M	5x	as long as short