Funding you earn now, next payment 19:00 UTC+0.0293%/8hnext payment +$0.37 per $10,000 · paid last 24h +0.088%
Price spread now: Phoenix against Extended+0.423%68s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.268%+$27 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and Phoenix is 0.423% dearer against Extended than usual: you sell high and buy low: +$42 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 68 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 | Extended FET-USD | 0.2003 | 0.0104 | pay 0.0013% / 1h | 6m 22s | $32K | $144K | 10x |
| Short | Phoenix FET | 0.2011 | 0.0397 | get 0.0050% / 1h | 6m 22s | $27K | $54K | 5x |
Extended FET-USD
Phoenix FETFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Extended. 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
- $61.62
- Price spread: +0.423% → 0.000%
- $42.33
- Slippage, 4 orders
- no order book: not counted
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $91.95
- Costs to cover
- 0.120%
- Break-even
- from the start
Slippage unknown: Extended: live order book, 23 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 Extended live order book, 23 min ago | 8.48 bp | 16.5 bp −$16 | 134.0 bp −$1,340 | 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-PERPETUAL | −0.1742% | 1h | 0.2004 | +0.074% | $16K | $219K | 10x | as long as short |
| Gate FET_USDT | −0.0122% | 8h | 0.1999 | −0.176% | $2.7M | $11.7M | 50x | as long as short |
| gTrade (Gains Network) FET/USD | L +0.0006% / S −0.0012% | 1h | 0.2002 | −0.033% | $31K | — | 150x | as long as short |
| Coinbase International FET-PERP-INTX | +0.0064% | 1h | 0.2009 | +0.323% | $180K | $137K | 50x | as long as short |
| Orderly PERP_FET_USDC | +0.0080% | 8h | 0.2002 | −0.026% | $37K | $4K | 10x | as long as short |
| Hyperliquid FET | +0.0100% | 1h | 0.2004 | +0.064% | $9.0M | $6.9M | 5x | as long as short |
| Aster FETUSDT | +0.0100% | 8h | 0.2002 | −0.005% | $340K | $519K | 10x | as long as short |
| Binance FETUSDT | +0.0100% | 8h | 0.2002 | −0.026% | $31.2M | $106.2M | 75x | as long as short |
| OKX FET-USDT-SWAP | +0.0100% | 4h | 0.2004 | +0.074% | $845K | $7.4M | 20x | as long as short |
| MEXC FET_USDT | +0.0100% | 8h | 0.2002 | −0.026% | $36.6M | $24.4M | 200x | as long as short |
Deribit FET_USDC-PERPETUAL
Gate FET_USDT
gTrade (Gains Network) FET/USD
Coinbase International FET-PERP-INTX
Orderly PERP_FET_USDC
Hyperliquid FET
Aster FETUSDT
Binance FETUSDT
OKX FET-USDT-SWAP
MEXC FET_USDTShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin FETUSDTM | +0.0100% | 8h | 0.2002 | −0.026% | $10.2M | $18.2M | 50x | as long as short |
| Bitget FETUSDT | +0.0100% | 8h | 0.2004 | +0.074% | $16.3M | $11.3M | 75x | as long as short |
| BingX FET-USDT | +0.0100% | 8h | 0.2002 | −0.026% | — | $5.5M | — | as long as short |
| Variational Omni FET | +0.0100% | 8h | 0.2009 | +0.348% | $270K | $299K | — | as long as short |
| Extended FET-USDlong | +0.0104% | 1h | 0.2003 | long leg | $32K | $144K | 10x | |
| GMX FET/USD [ETH-USDC] | L +0.0201% / S −0.0278% | 1h | 0.2002 | −0.021% | $13K | — | 100x | as long as short |
| BloFin FET-USDT | +0.0220% | 8h | 0.2003 | +0.024% | $1.7M | $2.5M | 100x | as long as short |
| Phoenix FETshort | +0.0397% | 1h | 0.2011 | +0.423% | $27K | $54K | 5x | |
| Kraken Futures PF_FETUSD | +0.0421% | 1h | 0.2004 | +0.055% | $1.1M | $2.1M | 50x | as long as short |
| Injective FET/USDC PERP | +0.1604% | 1h | 0.2000 | −0.126% | $3K | $94K | 12x | as long as short |
KuCoin FETUSDTM
Bitget FETUSDT
BingX FET-USDT
Variational Omni FET
GMX FET/USD [ETH-USDC]
BloFin FET-USDT
Kraken Futures PF_FETUSD
Injective FET/USDC PERP