Funding you earn now, next payment 05:00 UTC−0.0067%/8h= −7.4% APRpaid last 24h +0.062%
Price spread now: Phoenix against edgeX−0.033%7-day average +0.028% · you buy dearer than you sell
Net, funding: paid 7d − costs+$16as in the Funding arb table
Net, price: spread back to 7d avg − costs−$43as in the Price arb table
costs, in and out, $10k−$360.364% of the position
Funding, last 7 days+0.526%+$53 on $10k
+Price spread, last 4 days (all we have)−0.006%−$1 · spread now −0.033%, 7d avg +0.028%
=Together, before fees+0.520%+ Points / potential airdropedgeX: Active · farm board+$52 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Phoenix is 0.061% cheaper against edgeX than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.028%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.526%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | edgeX DELLUSDC | 572.82 | 0.0752 | pay 0.0376% / 4h | 2h 13m | $5K | $335K | 10x |
| Short | Phoenix DELL | 572.63 | 0.0685 | get 0.0086% / 1h | 13m 13s | $3K | $260K | 10x |
edgeX DELLUSDC
Phoenix DELLFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against edgeX. 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
- −$14.12
- Price spread: −0.033% → +0.028%
- −$6.1
- Slippage, 4 orders
- −$20.43
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$56.65
- Costs to cover
- 0.364%
- Break-even
- never at this rate
Slippage from edgeX: live order book, 35 min ago; Phoenix: live order book, 32 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 edgeX live order book, 35 min ago | 1.22 bp | 6.1 bp −$6 | 94.3 bp −$943 | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 32 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 | 572.84 | +0.005% | $20K | $50K | 20x | as long as short |
| Gate DELL_USDT | 0.0000% | 8h | 573.71 | +0.156% | $4.1M | $7.2M | 50x | as long as short |
| Bitget DELLUSDT | 0.0000% | 8h | 573.83 | +0.177% | $3.6M | $4.7M | 20x | as long as short |
| Lighter DELL | +0.0032% | 1h | 573.95 | +0.198% | $34K | $13K | 10x | as long as short |
| Injective DELL/USDC PERP | +0.0033% | 1h | 571.67 | −0.200% | $8K | $83K | 12x | as long as short |
| tradeXYZ xyz:DELL | +0.0050% | 1h | 572.89 | +0.013% | $7.5M | $7.0M | 10x | as long as short |
| Polymarket Perps DELL-USD | +0.0082% | 1h | 573.27 | +0.079% | $7K | $54K | 10x | as long as short |
| Bybit DELLUSDT | +0.0100% | 8h | 573.58 | +0.133% | $6.1M | $4.0M | 50x | as long as short |
| KuCoin DELLUSDTM | +0.0100% | 8h | 572.80 | −0.003% | $939K | $28K | 20x | as long as short |
| Orderly PERP_DELL_USDC_mythos | +0.0100% | 8h | 574.16 | +0.234% | $3K | $336 | 10x | as long as short |
Aster DELLUSDT
Gate DELL_USDT
Bitget DELLUSDT
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 | 574.45 | +0.285% | $17K | $59K | 10x | as long as short |
| OKX DELL-USDT-SWAP | +0.0277% | 8h | 573.88 | +0.185% | $5.8M | $6.7M | 20x | as long as short |
| Variational Omni DELL | +0.0506% | 8h | 572.83 | +0.001% | $258K | $61K | — | as long as short |
| GRVT DELL_USDT_Perp | +0.0520% | 8h | 572.64 | −0.031% | $819 | $152K | 10x | as long as short |
| Extended DELL-USD | +0.0600% | 1h | 573.74 | +0.162% | $335K | $1.1M | 10x | as long as short |
| Binance DELLUSDT | +0.0601% | 8h | 573.87 | +0.184% | $18.4M | $66.7M | 20x | as long as short |
| BloFin DELL-USDT | +0.0630% | 8h | 574.01 | +0.208% | $320K | $232K | 20x | as long as short |
| Phoenix DELLshort | +0.0685% | 1h | 572.63 | −0.033% | $3K | $260K | 10x | |
| edgeX DELLUSDClong | +0.0752% | 4h | 572.82 | long leg | $5K | $335K | 10x | |
| Nado DELL-PERP | +0.0805% | 1h | 572.86 | +0.008% | $69K | $20K | 10x | as long as short |
HTX DELL-USDT
OKX DELL-USDT-SWAP
Variational Omni DELL
GRVT DELL_USDT_Perp
Extended DELL-USD
Binance DELLUSDT
BloFin DELL-USDT
Nado DELL-PERP