Funding you earn now, next payment 06:00 UTC+0.0305%/8h= +33.4% APRpaid last 24h +0.128%
Price spread now: Phoenix against BloFin−0.111%7-day average +0.014% · you buy dearer than you sell
Net, funding: paid 7d − costs+$28as in the Funding arb table
Net, price: spread back to 7d avg − costs−$56as in the Price arb table
costs, in and out, $10k−$430.429% of the position
Funding, last 7 days+0.707%+$71 on $10k
+Price spread, last 4 days (all we have)+0.184%+$18 · spread now −0.111%, 7d avg +0.014%
=Funding pays, the price is against you. Phoenix is 0.126% cheaper against BloFin than usual: you would sell low and buy high (spread −0.111% now, against its 7-day average of +0.014%). If the spread goes back, that is −$13 on $10k: about 33 hours of funding at the current rate (+$9 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin DELL-USDT | 574.16 | 0.0558 | pay 0.0558% / 8h | 1h 04m | $323K | $234K | 20x |
| Short | Phoenix DELL | 573.52 | 0.0863 | get 0.0108% / 1h | 4m 40s | $3K | $228K | 10x |
BloFin DELL-USDT
Phoenix DELLFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against BloFin. 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
- $64.14
- Price spread: −0.111% → +0.014%
- −$12.59
- Slippage, 4 orders
- −$23.93
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $8.62
- Costs to cover
- 0.429%
- Break-even
- 6.1 days
Slippage from BloFin: live order book, 15 min ago; Phoenix: live order book, 35 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 BloFin live order book, 15 min ago | 0.09 bp | 10.5 bp −$10 | doesn't fit | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 35 min ago | 2.62 bp | 9.6 bp −$10 | 19.1 bp −$191 | 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 | 573.70 | −0.079% | $20K | $49K | 20x | as long as short |
| Gate DELL_USDT | 0.0000% | 8h | 573.99 | −0.030% | $4.1M | $7.2M | 50x | as long as short |
| Bitget DELLUSDT | 0.0000% | 8h | 573.90 | −0.045% | $3.7M | $4.7M | 20x | as long as short |
| Lighter DELL | +0.0032% | 1h | 574.42 | +0.045% | $34K | $12K | 10x | as long as short |
| Injective DELL/USDC PERP | +0.0033% | 1h | 571.67 | −0.434% | $8K | $83K | 12x | as long as short |
| Bybit DELLUSDT | +0.0091% | 8h | 573.90 | −0.045% | $6.1M | $4.0M | 50x | as long as short |
| tradeXYZ xyz:DELL | +0.0097% | 1h | 573.57 | −0.103% | $7.5M | $6.9M | 10x | as long as short |
| KuCoin DELLUSDTM | +0.0100% | 8h | 573.67 | −0.085% | $940K | $28K | 20x | as long as short |
| Orderly PERP_DELL_USDC_mythos | +0.0100% | 8h | 574.57 | +0.071% | $3K | $336 | 10x | as long as short |
| HTX DELL-USDT | +0.0100% | 8h | 574.25 | +0.016% | $17K | $58K | 10x | as long as short |
Aster DELLUSDT
Gate DELL_USDT
Bitget DELLUSDT
Lighter DELL
Injective DELL/USDC PERP
Bybit DELLUSDT
tradeXYZ xyz:DELL
KuCoin DELLUSDTM
Orderly PERP_DELL_USDC_mythos
HTX DELL-USDTShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Polymarket Perps DELL-USD | +0.0188% | 1h | 573.82 | −0.059% | $7K | $54K | 10x | as long as short |
| OKX DELL-USDT-SWAP | +0.0246% | 8h | 574.07 | −0.016% | $5.8M | $6.7M | 20x | as long as short |
| Variational Omni DELL | +0.0452% | 8h | 574.26 | +0.018% | $259K | $61K | — | as long as short |
| Binance DELLUSDT | +0.0538% | 8h | 574.00 | −0.028% | $18.4M | $66.9M | 20x | as long as short |
| Extended DELL-USD | +0.0544% | 1h | 573.83 | −0.057% | $335K | $1.1M | 10x | as long as short |
| GRVT DELL_USDT_Perp | +0.0550% | 8h | 573.85 | −0.054% | $1K | $147K | 10x | as long as short |
| BloFin DELL-USDTlong | +0.0558% | 8h | 574.16 | long leg | $323K | $234K | 20x | |
| Nado DELL-PERP | +0.0860% | 1h | 574.07 | −0.015% | $69K | $20K | 10x | as long as short |
| Phoenix DELLshort | +0.0863% | 1h | 573.52 | −0.111% | $3K | $228K | 10x | |
| edgeX DELLUSDC | +0.0911% | 4h | 573.81 | −0.061% | $5K | $333K | 10x | as long as short |
Polymarket Perps DELL-USD
OKX DELL-USDT-SWAP
Variational Omni DELL
Binance DELLUSDT
Extended DELL-USD
GRVT DELL_USDT_Perp
Nado DELL-PERP
edgeX DELLUSDC