Funding you earn now, next payment 01:00 UTC+0.0789%/8h= +86.4% APRpaid last 24h +0.103%
Price spread now: Phoenix against Gate−0.016%7-day average +0.034% · you buy dearer than you sell
Net, funding: paid 7d − costs−$11as in the Funding arb table
Net, price: spread back to 7d avg − costs−$54as in the Price arb table
costs, in and out, $10k−$490.486% of the position
Funding, last 7 days+0.379%+$38 on $10k
+Price spread, last 4 days (all we have)−0.526%−$53 · spread now −0.016%, 7d avg +0.034%
=Funding pays, the price is against you. Phoenix is 0.050% cheaper against Gate than usual: you would sell low and buy high (spread −0.016% now, against its 7-day average of +0.034%). If the spread goes back, that is −$5 on $10k: about 5 hours of funding at the current rate (+$24 a day). At the pace of the last 7 days (+0.379% in total) that is about 22 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.379% in total (about 19.8% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate DELL_USDT | 576.45 | 0 | get 0.0000% / 8h | 6h 25m | $4.1M | $7.5M | 50x |
| Short | Phoenix DELL | 576.36 | 0.0789 | get 0.0099% / 1h | 25m 09s | $3K | $258K | 10x |
Gate DELL_USDT
Phoenix DELLFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Gate. 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
- $165.61
- Price spread: −0.016% → +0.034%
- −$4.98
- Slippage, 4 orders
- −$26.62
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $112.01
- Costs to cover
- 0.486%
- Break-even
- 2.3 days
Slippage from Gate: live order book, 3 min ago; Phoenix: live order book, 40 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 Gate live order book, 3 min ago | 3.56 bp | 14.0 bp −$14 | 31.8 bp −$318 | 76.3 bp −$7,631 | doesn't fit |
| Sell Phoenix live order book, 40 min ago | 2.77 bp | 9.8 bp −$10 | 19.7 bp −$197 | doesn't fit | doesn't fit |
DELL on 19 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 | 576.75 | +0.052% | $21K | $50K | 20x | as long as short |
| Gate DELL_USDTlong | 0.0000% | 8h | 576.45 | long leg | $4.1M | $7.5M | 50x | |
| Bitget DELLUSDT | 0.0000% | 8h | 576.67 | +0.038% | $3.6M | $4.7M | 20x | as long as short |
| Lighter DELL | +0.0032% | 1h | 576.76 | +0.054% | $34K | $12K | 10x | as long as short |
| Injective DELL/USDC PERP | +0.0033% | 1h | 571.67 | −0.829% | $8K | $83K | 12x | as long as short |
| tradeXYZ xyz:DELL | +0.0050% | 1h | 575.48 | −0.168% | $7.5M | $7.0M | 10x | as long as short |
| Bybit DELLUSDT | +0.0098% | 8h | 576.47 | +0.003% | $6.1M | $3.9M | 50x | as long as short |
| KuCoin DELLUSDTM | +0.0100% | 8h | 576.02 | −0.075% | $944K | $30K | 20x | as long as short |
| Orderly PERP_DELL_USDC_mythos | +0.0100% | 8h | 577.52 | +0.186% | $3K | $336 | 10x | as long as short |
| HTX DELL-USDT | +0.0100% | 8h | 576.63 | +0.031% | $18K | $58K | 10x | as long as short |
Aster DELLUSDT
Bitget DELLUSDT
Lighter DELL
Injective DELL/USDC PERP
tradeXYZ xyz:DELL
Bybit DELLUSDT
KuCoin DELLUSDTM
Orderly PERP_DELL_USDC_mythos
HTX DELL-USDTShow all 19 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Polymarket Perps DELL-USD | +0.0178% | 1h | 576.67 | +0.038% | $7K | $54K | 10x | as long as short |
| edgeX DELLUSDC | +0.0358% | 4h | 576.52 | +0.012% | $5K | $333K | 10x | as long as short |
| Variational Omni DELL | +0.0514% | 8h | 576.61 | +0.028% | $263K | $87K | — | as long as short |
| Binance DELLUSDT | +0.0630% | 8h | 576.73 | +0.049% | $18.7M | $65.3M | 20x | as long as short |
| Extended DELL-USD | +0.0632% | 1h | 576.65 | +0.035% | $335K | $1.2M | 10x | as long as short |
| OKX DELL-USDT-SWAP | +0.0643% | 8h | 576.59 | +0.024% | $5.9M | $6.5M | 20x | as long as short |
| Nado DELL-PERP | +0.0775% | 1h | 575.90 | −0.096% | $69K | $18K | 10x | as long as short |
| GRVT DELL_USDT_Perp | +0.0780% | 8h | 576.54 | +0.016% | $634 | $154K | 10x | as long as short |
| Phoenix DELLshort | +0.0789% | 1h | 576.36 | −0.016% | $3K | $258K | 10x |
Polymarket Perps DELL-USD
edgeX DELLUSDC
Variational Omni DELL
Binance DELLUSDT
Extended DELL-USD
OKX DELL-USDT-SWAP
Nado DELL-PERP
GRVT DELL_USDT_Perp