Funding you earn now, next payment 21:00 UTC+0.0626%/8h= +68.5% APRpaid last 24h +0.121%
Price spread now: Phoenix against Binance−0.061%65s7-day average +0.001% · you buy dearer than you sell
Net, funding: paid 7d − costs+$32as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$380.384% of the position
Funding, last 7 days+0.706%+$71 on $10k
+Price spread, last 2 days (all we have)+0.177%+$18 · spread now −0.061%, 7d avg +0.001%
=Funding pays, the price is against you. Phoenix is 0.063% cheaper against Binance than usual: you would sell low and buy high (spread −0.061% now, against its 7-day average of +0.001%). If the spread goes back, that is −$6 on $10k: about 8 hours of funding at the current rate (+$19 a day). The two prices were read 65 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 | Binance DELLUSDT | 575.56 | 0 | get 0.0000% / 8h | 2h 22m | $18.7M | $65.6M | 20x |
| Short | Phoenix DELL | 575.21 | 0.0626 | get 0.0078% / 1h | 22m 23s | $3K | $280K | 10x |
Binance DELLUSDT
Phoenix DELLFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Binance. 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
- $131.42
- Price spread: −0.061% → +0.001%
- −$6.27
- Slippage, 4 orders
- −$21.38
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $86.76
- Costs to cover
- 0.384%
- Break-even
- 2.4 days
Slippage from Binance: live order book, 5 min ago; Phoenix: live order book, 62 min ago.
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 Binance live order book, 5 min ago | 0.17 bp | 9.4 bp −$9 | 26.1 bp −$261 | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 62 min ago | 2.95 bp | 10.1 bp −$10 | 20.7 bp −$207 | doesn't fit | doesn't fit |
DELL 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin DELL-USDT | −0.0021% | 8h | 575.58 | +0.003% | $319K | $219K | 20x | as long as short |
| Aster DELLUSDT | 0.0000% | 8h | 575.18 | −0.067% | $21K | $50K | 20x | as long as short |
| Extended DELL-USD | 0.0000% | 1h | 575.52 | −0.008% | $338K | $1.1M | 10x | as long as short |
| Binance DELLUSDTlong | 0.0000% | 8h | 575.56 | long leg | $18.7M | $65.6M | 20x | |
| Gate DELL_USDT | 0.0000% | 8h | 575.46 | −0.018% | $4.5M | $7.7M | 50x | as long as short |
| Variational Omni DELL | 0.0000% | 8h | 575.73 | +0.030% | $261K | $82K | — | as long as short |
| GRVT DELL_USDT_Perp | 0.0000% | 8h | 575.70 | +0.024% | $1K | $184K | 10x | as long as short |
| Bitget DELLUSDT | +0.0015% | 8h | 575.28 | −0.049% | $3.3M | $4.7M | 20x | as long as short |
| Lighter DELL | +0.0032% | 1h | 575.65 | +0.015% | $34K | $12K | 10x | as long as short |
| Injective DELL/USDC PERP | +0.0033% | 1h | 571.67 | −0.676% | $8K | $83K | 12x | as long as short |
BloFin DELL-USDT
Aster DELLUSDT
Extended DELL-USD
Gate DELL_USDT
Variational Omni DELL
GRVT DELL_USDT_Perp
Bitget DELLUSDT
Lighter DELL
Injective DELL/USDC PERPShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:DELL | +0.0059% | 1h | 574.59 | −0.169% | $7.3M | $7.2M | 10x | as long as short |
| KuCoin DELLUSDTM | +0.0100% | 8h | 575.28 | −0.049% | $942K | $32K | 20x | as long as short |
| Orderly PERP_DELL_USDC_mythos | +0.0100% | 8h | 576.01 | +0.078% | $3K | $336 | 10x | as long as short |
| HTX DELL-USDT | +0.0100% | 8h | 575.56 | 0.000% | $18K | $58K | 10x | as long as short |
| Bybit DELLUSDT | +0.0127% | 8h | 575.39 | −0.030% | $5.9M | $3.6M | 50x | as long as short |
| OKX DELL-USDT-SWAP | +0.0284% | 8h | 575.62 | +0.010% | $5.9M | $6.8M | 20x | as long as short |
| Polymarket Perps DELL-USD | +0.0392% | 1h | 575.31 | −0.044% | $753 | $23K | 10x | as long as short |
| Phoenix DELLshort | +0.0626% | 1h | 575.21 | −0.061% | $3K | $280K | 10x | |
| Nado DELL-PERP | +0.0790% | 1h | 574.53 | −0.180% | $70K | $13K | 10x | as long as short |
| edgeX DELLUSDC | +0.0989% | 4h | 575.82 | +0.045% | $5K | $333K | 10x | as long as short |
tradeXYZ xyz:DELL
KuCoin DELLUSDTM
Orderly PERP_DELL_USDC_mythos
HTX DELL-USDT
Bybit DELLUSDT
OKX DELL-USDT-SWAP
Polymarket Perps DELL-USD
Nado DELL-PERP
edgeX DELLUSDC