Funding you earn now, next payment 23:00 UTC−0.0404%/8h= −44.2% APRnext payment −$0.50 per $10,000 · paid last 24h −0.084%
Price spread now: Extended against Phoenix−0.379%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−0.284%−$28 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and Extended is 0.379% cheaper against Phoenix than usual: you would sell low and buy high (−$38 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix FET | 0.2056 | 0.0508 | pay 0.0063% / 1h | 42m 47s | $36K | $45K | 5x |
| Short | Extended FET-USD | 0.2048 | 0.0104 | get 0.0013% / 1h | 42m 47s | $34K | $190K | 10x |
Phoenix FET
Extended FET-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended against Phoenix. 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
- −$84.8
- Price spread: −0.379% → 0.000%
- −$37.87
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$134.67
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: Phoenix: no order-book sample; Extended: live order book, 34 min ago. 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 Phoenix no order-book sample | — | — | — | — | — |
| Sell Extended live order book, 34 min ago | 7.66 bp | 15.6 bp −$16 | 45.0 bp −$450 | doesn't fit | doesn't fit |
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 | −0.3158% | 1h | 0.2047 | −0.414% | $28K | $200K | 10x | as long as short |
| Coinbase International FET-PERP-INTX | −0.0728% | 1h | 0.2055 | −0.024% | $154K | $206K | 50x | as long as short |
| Kraken Futures PF_FETUSD | −0.0476% | 1h | 0.2048 | −0.358% | $1.0M | $2.2M | 50x | as long as short |
| gTrade (Gains Network) FET/USD | L +0.0006% / S −0.0012% | 1h | 0.2048 | −0.369% | $32K | — | 150x | as long as short |
| Injective FET/USDC PERP | +0.0033% | 1h | 0.2010 | −2.214% | $3K | $166K | 12x | as long as short |
| Gate FET_USDT | +0.0064% | 8h | 0.2046 | −0.462% | $2.8M | $12.0M | 50x | as long as short |
| Aster FETUSDT | +0.0100% | 8h | 0.2049 | −0.297% | $342K | $540K | 10x | as long as short |
| Binance FETUSDT | +0.0100% | 8h | 0.2046 | −0.456% | $32.0M | $108.4M | 75x | as long as short |
| MEXC FET_USDT | +0.0100% | 8h | 0.2045 | −0.511% | $34.5M | $24.9M | 200x | as long as short |
| KuCoin FETUSDTM | +0.0100% | 8h | 0.2048 | −0.365% | $10.6M | $19.1M | 50x | as long as short |
Deribit FET_USDC-PERPETUAL
Coinbase International FET-PERP-INTX
Kraken Futures PF_FETUSD
gTrade (Gains Network) FET/USD
Injective FET/USDC PERP
Gate FET_USDT
Aster FETUSDT
Binance FETUSDT
MEXC FET_USDT
KuCoin FETUSDTMShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni FET | +0.0100% | 8h | 0.2056 | +0.036% | $301K | $339K | — | as long as short |
| Orderly PERP_FET_USDC | +0.0100% | 8h | 0.2047 | −0.414% | $38K | $5K | 10x | as long as short |
| Extended FET-USDshort | +0.0104% | 1h | 0.2048 | −0.379% | $34K | $190K | 10x | |
| GMX FET/USD [ETH-USDC] | L +0.0201% / S −0.0278% | 1h | 0.2047 | −0.421% | $14K | — | 100x | as long as short |
| BloFin FET-USDT | +0.0220% | 8h | 0.2046 | −0.462% | $1.7M | $2.7M | 100x | as long as short |
| BingX FET-USDT | +0.0322% | 8h | 0.2048 | −0.365% | — | $5.6M | — | as long as short |
| Bitget FETUSDT | +0.0332% | 8h | 0.2048 | −0.365% | $16.5M | $11.4M | 75x | as long as short |
| OKX FET-USDT-SWAP | +0.0336% | 4h | 0.2049 | −0.316% | $992K | $7.9M | 20x | as long as short |
| Phoenix FETlong | +0.0508% | 1h | 0.2056 | long leg | $36K | $45K | 5x | |
| Hyperliquid FET | +0.0864% | 1h | 0.2049 | −0.336% | $9.0M | $8.0M | 5x | as long as short |
Variational Omni FET
Orderly PERP_FET_USDC
GMX FET/USD [ETH-USDC]
BloFin FET-USDT
BingX FET-USDT
Bitget FETUSDT
OKX FET-USDT-SWAP
Hyperliquid FET