Funding you earn now, next payment 02:00 UTC−0.0654%/8h= −71.6% APRnext payment −$0.82 per $10,000 · paid last 24h −0.115%
Price spread now: gTrade (Gains Network) against Phoenix−0.248%63s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 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 against this trade now: funding costs −$20 a day on $10k at the current rate, and gTrade (Gains Network) is 0.248% cheaper against Phoenix than usual: you would sell low and buy high (−$25 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 63 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 | Phoenix FET | 0.2069 | 0.0669 | pay 0.0084% / 1h | 8m 13s | $36K | $39K | 5x |
| Short | gTrade (Gains Network) FET/USD | 0.2063 | L +0.0006% / S −0.0015% | get 0.0002% / 1h | 8m 13s | $23K | — | 150x |
Phoenix FET
gTrade (Gains Network) FET/USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
gTrade (Gains Network) 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
- −$137.24
- Price spread: −0.248% → 0.000%
- −$24.85
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Net
- −$179.09
- Costs to cover
- 0.170%
- Break-even
- never at this rate
Slippage unknown: Phoenix: no order-book sample; gTrade (Gains Network): 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 Phoenix no order-book sample | — | — | — | — | — |
| Sell gTrade (Gains Network) no order-book sample | — | — | — | — | — |
Phoenix and gTrade (Gains Network): 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 | −0.2650% | 1h | 0.2063 | −0.271% | $39K | $303K | 10x | as long as short |
| Coinbase International FET-PERP-INTX | −0.0872% | 1h | 0.2063 | −0.271% | $152K | $232K | 50x | as long as short |
| gTrade (Gains Network) FET/USDshort | L +0.0006% / S −0.0015% | 1h | 0.2063 | −0.248% | $23K | — | 150x | |
| Injective FET/USDC PERP | +0.0033% | 1h | 0.2010 | −2.833% | $3K | $166K | 12x | as long as short |
| Aster FETUSDT | +0.0100% | 8h | 0.2062 | −0.315% | $216K | $788K | 10x | as long as short |
| Binance FETUSDT | +0.0100% | 8h | 0.2063 | −0.248% | $32.0M | $112.3M | 75x | as long as short |
| Gate FET_USDT | +0.0100% | 8h | 0.2062 | −0.319% | $2.8M | $12.5M | 50x | as long as short |
| MEXC FET_USDT | +0.0100% | 8h | 0.2063 | −0.271% | $30.9M | $24.3M | 200x | as long as short |
| KuCoin FETUSDTM | +0.0100% | 8h | 0.2063 | −0.271% | $10.9M | $18.8M | 50x | as long as short |
| Variational Omni FET | +0.0100% | 8h | 0.2063 | −0.266% | $345K | $424K | — | as long as short |
Deribit FET_USDC-PERPETUAL
Coinbase International FET-PERP-INTX
Injective FET/USDC PERP
Aster FETUSDT
Binance FETUSDT
Gate FET_USDT
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 | 0.2063 | −0.271% | $39K | $7K | 10x | as long as short |
| Extended FET-USD | +0.0104% | 1h | 0.2063 | −0.285% | $34K | $246K | 10x | as long as short |
| Kraken Futures PF_FETUSD | +0.0113% | 1h | 0.2065 | −0.182% | $1.0M | $2.2M | 50x | as long as short |
| GMX FET/USD [ETH-USDC] | L +0.0202% / S −0.0278% | 1h | 0.2063 | −0.271% | $14K | — | 100x | as long as short |
| BloFin FET-USDT | +0.0220% | 8h | 0.2065 | −0.174% | $1.8M | $3.0M | 100x | as long as short |
| OKX FET-USDT-SWAP | +0.0238% | 4h | 0.2064 | −0.222% | $1.1M | $8.3M | 20x | as long as short |
| BingX FET-USDT | +0.0372% | 8h | 0.2064 | −0.222% | — | $6.0M | — | as long as short |
| Bitget FETUSDT | +0.0374% | 8h | 0.2065 | −0.174% | $16.8M | $11.8M | 75x | as long as short |
| Hyperliquid FET | +0.0468% | 1h | 0.2064 | −0.213% | $9.0M | $8.4M | 5x | as long as short |
| Phoenix FETlong | +0.0669% | 1h | 0.2069 | long leg | $36K | $39K | 5x |
Orderly PERP_FET_USDC
Extended FET-USD
Kraken Futures PF_FETUSD
GMX FET/USD [ETH-USDC]
BloFin FET-USDT
OKX FET-USDT-SWAP
BingX FET-USDT
Bitget FETUSDT
Hyperliquid FET