Funding you earn now, next payment 08:00 UTC+0.0391%/8h= +42.9% APRnext payment +$0.49 per $10,000 · paid last 24h +0.074%
Price spread now: Phoenix against GMX+0.982%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 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
Both sides work for this trade now. Funding pays +$12 a day on $10k at the current rate, and Phoenix is 0.982% dearer against GMX than usual: you sell high and buy low: +$98 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX FET/USD [ETH-USDC] | 0.2103 | L +0.0202% / S −0.0295% | pay 0.0025% / 1h | 54m 50s | $13K | — | 100x |
| Short | Phoenix FET | 0.2124 | 0.0594 | get 0.0074% / 1h | 54m 50s | $37K | $35K | 5x |
GMX FET/USD [ETH-USDC]
Phoenix FETFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against GMX. 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
- $82.21
- Price spread: +0.982% → 0.000%
- $98.22
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $161.43
- Costs to cover
- 0.190%
- Break-even
- from the start
Slippage unknown: GMX: no order-book sample; 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 GMX no order-book sample | — | — | — | — | — |
| Sell Phoenix no order-book sample | — | — | — | — | — |
GMX and 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 | −0.4005% | 1h | 0.2106 | +0.122% | $43K | $312K | 10x | as long as short |
| Coinbase International FET-PERP-INTX | −0.0648% | 1h | 0.2106 | +0.122% | $145K | $281K | 50x | as long as short |
| Kraken Futures PF_FETUSD | −0.0017% | 1h | 0.2105 | +0.061% | $1.1M | $2.0M | 50x | as long as short |
| gTrade (Gains Network) FET/USD | L +0.0006% / S −0.0004% | 1h | 0.2113 | +0.474% | $21K | — | 150x | as long as short |
| Aster FETUSDT | +0.0100% | 8h | 0.2099 | −0.225% | $192K | $710K | 10x | as long as short |
| Binance FETUSDT | +0.0100% | 8h | 0.2097 | −0.286% | $32.1M | $111.5M | 75x | as long as short |
| OKX FET-USDT-SWAP | +0.0100% | 4h | 0.2097 | −0.306% | $1.1M | $8.0M | 20x | as long as short |
| Gate FET_USDT | +0.0100% | 8h | 0.2096 | −0.354% | $2.9M | $12.0M | 50x | as long as short |
| MEXC FET_USDT | +0.0100% | 8h | 0.2097 | −0.306% | $31.0M | $25.0M | 200x | as long as short |
| KuCoin FETUSDTM | +0.0100% | 8h | 0.2102 | −0.068% | $11.0M | $17.6M | 50x | as long as short |
Deribit FET_USDC-PERPETUAL
Coinbase International FET-PERP-INTX
Kraken Futures PF_FETUSD
gTrade (Gains Network) FET/USD
Aster FETUSDT
Binance FETUSDT
OKX FET-USDT-SWAP
Gate FET_USDT
MEXC FET_USDT
KuCoin FETUSDTMShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget FETUSDT | +0.0100% | 8h | 0.2099 | −0.211% | $17.3M | $11.6M | 75x | as long as short |
| BingX FET-USDT | +0.0100% | 8h | 0.2098 | −0.259% | — | $5.6M | — | as long as short |
| Variational Omni FET | +0.0100% | 8h | 0.2114 | +0.506% | $314K | $574K | — | as long as short |
| Orderly PERP_FET_USDC | +0.0100% | 8h | 0.2105 | +0.074% | $37K | $12K | 10x | as long as short |
| Extended FET-USD | +0.0104% | 1h | 0.2099 | −0.192% | $36K | $207K | 10x | as long as short |
| GMX FET/USD [ETH-USDC]long | L +0.0202% / S −0.0295% | 1h | 0.2103 | long leg | $13K | — | 100x | |
| BloFin FET-USDT | +0.0220% | 8h | 0.2098 | −0.259% | $1.7M | $3.5M | 100x | as long as short |
| Phoenix FETshort | +0.0594% | 1h | 0.2124 | +0.982% | $37K | $35K | 5x | |
| Hyperliquid FET | +0.0615% | 1h | 0.2099 | −0.192% | $9.3M | $7.8M | 5x | as long as short |
| Injective FET/USDC PERP | +0.2505% | 1h | 0.2100 | −0.164% | $2K | $166K | 12x | as long as short |
Bitget FETUSDT
BingX FET-USDT
Variational Omni FET
Orderly PERP_FET_USDC
Extended FET-USD
BloFin FET-USDT
Hyperliquid FET
Injective FET/USDC PERP