FET

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0292%/8h= −32.0% APRnext payment −$0.37 per $10,000 · paid last 24h −0.042%

Price spread now: GMX against Phoenix+0.187%115s7-day average — · you sell dearer than you buy

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

Long on Phoenix Short on GMX

What this pair did over the last

the charts below follow

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

The price spread pays, funding is against you. GMX is 0.187% dearer against Phoenix than usual: you sell high and buy low (spread +0.187% now, against zero (this spread has no 7-day history yet)): +$19 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 2.1 days. The two prices were read 115 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	0.2102	0.0594	pay 0.0074% / 1h	58m 15s	$36K	$34K	5x
Short	GMX FET/USD [ETH-USDC]	0.2106	L +0.0203% / S −0.0301%	get 0.0038% / 1h	58m 15s	$14K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Phoenix. 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 PhoenixbpFee GMXbpOrdersPrice spread, now +0.187%Rate

Funding earned: −$61.34
Price spread: +0.187% → 0.000%: $18.74
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee GMX: 6 bp × 2 orders: −$12
Net: −$61.6
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Phoenix: no order-book sample; GMX: 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 GMX no order-book sample	—	—	—	—	—

Phoenix and GMX: 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	−0.3524%	1h	0.2112	+0.457%	$43K	$312K	10x	as long as short
Coinbase International FET-PERP-INTX	−0.0648%	1h	0.2115	+0.599%	$145K	$282K	50x	as long as short
Kraken Futures PF_FETUSD	−0.0017%	1h	0.2112	+0.471%	$1.1M	$2.0M	50x	as long as short
gTrade (Gains Network) FET/USD	L +0.0006% / S −0.0004%	1h	0.2113	+0.523%	$21K	—	150x	as long as short
Aster FETUSDT	+0.0100%	8h	0.2111	+0.424%	$193K	$713K	10x	as long as short
Binance FETUSDT	+0.0100%	8h	0.2112	+0.457%	$32.3M	$111.3M	75x	as long as short
OKX FET-USDT-SWAP	+0.0100%	4h	0.2113	+0.504%	$1.1M	$8.0M	20x	as long as short
Gate FET_USDT	+0.0100%	8h	0.2110	+0.361%	$2.9M	$11.8M	50x	as long as short
MEXC FET_USDT	+0.0100%	8h	0.2111	+0.409%	$31.0M	$24.8M	200x	as long as short
KuCoin FETUSDTM	+0.0100%	8h	0.2111	+0.409%	$11.0M	$17.6M	50x	as long as short

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget FETUSDT	+0.0100%	8h	0.2113	+0.504%	$17.4M	$11.5M	75x	as long as short
Variational Omni FET	+0.0100%	8h	0.2108	+0.272%	$313K	$573K	—	as long as short
Orderly PERP_FET_USDC	+0.0100%	8h	0.2110	+0.361%	$37K	$12K	10x	as long as short
Extended FET-USD	+0.0104%	1h	0.2110	+0.379%	$32K	$203K	10x	as long as short
BingX FET-USDT	+0.0107%	8h	0.2111	+0.409%	—	$5.6M	—	as long as short
GMX FET/USD [ETH-USDC]short	L +0.0203% / S −0.0301%	1h	0.2106	+0.187%	$14K	—	100x
BloFin FET-USDT	+0.0220%	8h	0.2113	+0.504%	$1.8M	$3.5M	100x	as long as short
Phoenix FETlong	+0.0594%	1h	0.2102	long leg	$36K	$34K	5x
Hyperliquid FET	+0.0751%	1h	0.2114	+0.571%	$9.4M	$7.9M	5x	as long as short
Injective FET/USDC PERP	+0.2505%	1h	0.2100	−0.114%	$2K	$166K	12x	as long as short