Funding you earn now, next payment 23:00 UTC+0.0405%/8h= +44.4% APRpaid last 24h +0.134%
Price spread now: Phoenix against Bybit+0.014%45s7-day average +0.045% · you sell dearer than you buy
Net, funding: paid 7d − costs+$15as 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−$460.465% of the position
Funding, last 7 days+0.612%+$61 on $10k
+Price spread, last 3 days (all we have)−0.022%−$2 · spread now +0.014%, 7d avg +0.045%
=Funding pays, the price is against you. Phoenix is 0.031% cheaper against Bybit than usual: you would sell low and buy high (spread +0.014% now, against its 7-day average of +0.045%). If the spread goes back, that is −$3 on $10k: about 6 hours of funding at the current rate (+$12 a day). The two prices were read 45 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 | Bybit DELLUSDT | 577.02 | 0.0165 | pay 0.0165% / 8h | 46m 51s | $5.9M | $3.5M | 50x |
| Short | Phoenix DELL | 577.10 | 0.0570 | get 0.0071% / 1h | 46m 51s | $3K | $280K | 10x |
Bybit DELLUSDT
Phoenix DELLFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Bybit. 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
- $85.14
- Price spread: +0.014% → +0.045%
- −$3.11
- Slippage, 4 orders
- −$28.46
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $35.57
- Costs to cover
- 0.465%
- Break-even
- 4.1 days
Slippage from Bybit: live order book, 1 min ago; Phoenix: live order book, 28 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 Bybit live order book, 1 min ago | 2.17 bp | 16.3 bp −$16 | 100.5 bp −$1,005 | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 28 min ago | 2.61 bp | 9.4 bp −$9 | 18.8 bp −$188 | 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 | 577.42 | +0.069% | $21K | $50K | 20x | as long as short |
| Gate DELL_USDT | 0.0000% | 8h | 577.22 | +0.035% | $4.5M | $7.8M | 50x | as long as short |
| Variational Omni DELL | 0.0000% | 8h | 577.59 | +0.099% | $261K | $82K | — | as long as short |
| Lighter DELL | +0.0032% | 1h | 577.67 | +0.113% | $34K | $12K | 10x | as long as short |
| Injective DELL/USDC PERP | +0.0033% | 1h | 571.67 | −0.927% | $8K | $83K | 12x | as long as short |
| Bitget DELLUSDT | +0.0037% | 8h | 577.18 | +0.028% | $3.3M | $4.6M | 20x | as long as short |
| GRVT DELL_USDT_Perp | +0.0047% | 8h | 577.53 | +0.088% | $970 | $172K | 10x | as long as short |
| Extended DELL-USD | +0.0048% | 1h | 577.40 | +0.066% | $337K | $1.1M | 10x | as long as short |
| tradeXYZ xyz:DELL | +0.0050% | 1h | 576.72 | −0.052% | $7.3M | $7.2M | 10x | as long as short |
| Binance DELLUSDT | +0.0051% | 8h | 577.59 | +0.098% | $18.8M | $65.6M | 20x | as long as short |
Aster DELLUSDT
Gate DELL_USDT
Variational Omni DELL
Lighter DELL
Injective DELL/USDC PERP
Bitget DELLUSDT
GRVT DELL_USDT_Perp
Extended DELL-USD
tradeXYZ xyz:DELL
Binance DELLUSDTShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin DELL-USDT | +0.0073% | 8h | 577.59 | +0.099% | $319K | $218K | 20x | as long as short |
| KuCoin DELLUSDTM | +0.0100% | 8h | 576.91 | −0.019% | $946K | $32K | 20x | as long as short |
| Orderly PERP_DELL_USDC_mythos | +0.0100% | 8h | 577.92 | +0.156% | $3K | $336 | 10x | as long as short |
| HTX DELL-USDT | +0.0100% | 8h | 578.30 | +0.222% | $18K | $58K | 10x | as long as short |
| Bybit DELLUSDTlong | +0.0165% | 8h | 577.02 | long leg | $5.9M | $3.5M | 50x | |
| Polymarket Perps DELL-USD | +0.0181% | 1h | 577.18 | +0.028% | $756 | $23K | 10x | as long as short |
| OKX DELL-USDT-SWAP | +0.0470% | 8h | 577.85 | +0.144% | $5.9M | $6.7M | 20x | as long as short |
| Nado DELL-PERP | +0.0547% | 1h | 576.89 | −0.022% | $70K | $13K | 10x | as long as short |
| Phoenix DELLshort | +0.0570% | 1h | 577.10 | +0.014% | $3K | $280K | 10x | |
| edgeX DELLUSDC | +0.0976% | 4h | 577.56 | +0.093% | $5K | $334K | 10x | as long as short |
BloFin DELL-USDT
KuCoin DELLUSDTM
Orderly PERP_DELL_USDC_mythos
HTX DELL-USDT
Polymarket Perps DELL-USD
OKX DELL-USDT-SWAP
Nado DELL-PERP
edgeX DELLUSDC