Funding you earn now, next payment 05:00 UTC+0.0685%/8h= +75.0% APRpaid last 24h +0.154%
Price spread now: Phoenix against Bitget−0.169%89s7-day average +0.051% · you buy dearer than you sell
Net, funding: paid 7d − costs+$4as 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−$640.643% of the position
Funding, last 7 days+0.679%+$68 on $10k
+Price spread, last 4 days (all we have)+0.161%+$16 · spread now −0.169%, 7d avg +0.051%
=Funding pays, the price is against you. Phoenix is 0.221% cheaper against Bitget than usual: you would sell low and buy high (spread −0.169% now, against its 7-day average of +0.051%). If the spread goes back, that is −$22 on $10k: about 26 hours of funding at the current rate (+$21 a day). At the pace of the last 7 days (+0.679% in total) that is about 2.3 days. The two prices were read 89 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 | Bitget DELLUSDT | 572.47 | 0 | get 0.0000% / 8h | 2h 19m | $3.6M | $4.7M | 20x |
| Short | Phoenix DELL | 571.50 | 0.0685 | get 0.0086% / 1h | 19m 59s | $3K | $260K | 10x |
Bitget DELLUSDT
Phoenix DELLFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Bitget. 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
- $143.85
- Price spread: −0.169% → +0.051%
- −$22.09
- Slippage, 4 orders
- −$45.25
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $57.51
- Costs to cover
- 0.643%
- Break-even
- 4.2 days
Slippage from Bitget: live order book, 3 min ago; Phoenix: live order book, 25 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 Bitget live order book, 3 min ago | 3.06 bp | 19.8 bp −$20 | 45.6 bp −$456 | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 25 min ago | 3.83 bp | 12.1 bp −$12 | 25.7 bp −$257 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster DELLUSDT | 0.0000% | 8h | 571.79 | −0.119% | $20K | $50K | 20x | as long as short |
| Gate DELL_USDT | 0.0000% | 8h | 572.65 | +0.031% | $4.1M | $7.2M | 50x | as long as short |
| Bitget DELLUSDTlong | 0.0000% | 8h | 572.47 | long leg | $3.6M | $4.7M | 20x | |
| Lighter DELL | +0.0032% | 1h | 572.13 | −0.059% | $33K | $13K | 10x | as long as short |
| Injective DELL/USDC PERP | +0.0033% | 1h | 571.67 | −0.140% | $8K | $83K | 12x | as long as short |
| tradeXYZ xyz:DELL | +0.0050% | 1h | 572.13 | −0.059% | $7.5M | $7.0M | 10x | as long as short |
| Polymarket Perps DELL-USD | +0.0050% | 1h | 572.24 | −0.040% | $7K | $54K | 10x | as long as short |
| Bybit DELLUSDT | +0.0080% | 8h | 572.01 | −0.080% | $6.1M | $4.0M | 50x | as long as short |
| KuCoin DELLUSDTM | +0.0100% | 8h | 571.55 | −0.161% | $937K | $28K | 20x | as long as short |
| Orderly PERP_DELL_USDC_mythos | +0.0100% | 8h | 572.93 | +0.080% | $3K | $336 | 10x | as long as short |
Aster DELLUSDT
Gate DELL_USDT
Lighter DELL
Injective DELL/USDC PERP
tradeXYZ xyz:DELL
Polymarket Perps DELL-USD
Bybit DELLUSDT
KuCoin DELLUSDTM
Orderly PERP_DELL_USDC_mythosShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX DELL-USDT | +0.0100% | 8h | 572.30 | −0.030% | $17K | $59K | 10x | as long as short |
| OKX DELL-USDT-SWAP | +0.0274% | 8h | 572.68 | +0.037% | $5.8M | $6.7M | 20x | as long as short |
| GRVT DELL_USDT_Perp | +0.0480% | 8h | 571.70 | −0.135% | $972 | $151K | 10x | as long as short |
| Variational Omni DELL | +0.0490% | 8h | 572.16 | −0.054% | $257K | $60K | — | as long as short |
| BloFin DELL-USDT | +0.0576% | 8h | 572.21 | −0.045% | $321K | $231K | 20x | as long as short |
| Extended DELL-USD | +0.0584% | 1h | 572.42 | −0.009% | $335K | $1.1M | 10x | as long as short |
| Binance DELLUSDT | +0.0586% | 8h | 572.72 | +0.043% | $18.4M | $66.7M | 20x | as long as short |
| Phoenix DELLshort | +0.0685% | 1h | 571.50 | −0.169% | $3K | $260K | 10x | |
| edgeX DELLUSDC | +0.0739% | 4h | 571.98 | −0.085% | $5K | $333K | 10x | as long as short |
| Nado DELL-PERP | +0.0759% | 1h | 570.98 | −0.259% | $69K | $20K | 10x | as long as short |
HTX DELL-USDT
OKX DELL-USDT-SWAP
GRVT DELL_USDT_Perp
Variational Omni DELL
BloFin DELL-USDT
Extended DELL-USD
Binance DELLUSDT
edgeX DELLUSDC
Nado DELL-PERP