Funding you earn now, next payment 22:00 UTC+0.0528%/8h= +57.8% APRpaid last 24h +0.126%
Price spread now: Phoenix against GRVT−0.115%7-day average +0.027% · you buy dearer than you sell
Net, funding: paid 7d − costs+$35as in the Funding arb table
Net, price: spread back to 7d avg − costs−$54as in the Price arb table
costs, in and out, $10k−$400.396% of the position
Funding, last 7 days+0.750%+$75 on $10k
+Price spread, last 3 days (all we have)+0.054%+$5 · spread now −0.115%, 7d avg +0.027%
=Together, before fees+0.804%+ Points / potential airdropGRVT: Active · farm board+$80 on $10k · with fees, hour by hour
Funding pays, the price is against you. Phoenix is 0.142% cheaper against GRVT than usual: you would sell low and buy high (spread −0.115% now, against its 7-day average of +0.027%). If the spread goes back, that is −$14 on $10k: about 21 hours of funding at the current rate (+$16 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GRVT DELL_USDT_Perp | 575.71 | 0 | get 0.0000% / 8h | 1h 29m | $1K | $178K | 10x |
| Short | Phoenix DELL | 575.05 | 0.0528 | get 0.0066% / 1h | 29m 30s | $3K | $280K | 10x |
GRVT DELL_USDT_Perp
Phoenix DELLFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against GRVT. 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
- $110.93
- Price spread: −0.115% → +0.027%
- −$14.19
- Slippage, 4 orders
- −$23.57
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $57.17
- Costs to cover
- 0.396%
- Break-even
- 3.4 days
Slippage from GRVT: live order book, 52 min ago; Phoenix: live order book, 51 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 GRVT live order book, 52 min ago | 1.48 bp | 10.9 bp −$11 | doesn't fit | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 51 min ago | 2.61 bp | 9.4 bp −$9 | 18.7 bp −$187 | 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 | 575.01 | −0.122% | $21K | $50K | 20x | as long as short |
| Extended DELL-USD | 0.0000% | 1h | 575.62 | −0.016% | $338K | $1.1M | 10x | as long as short |
| Binance DELLUSDT | 0.0000% | 8h | 575.74 | +0.006% | $18.7M | $65.6M | 20x | as long as short |
| Gate DELL_USDT | 0.0000% | 8h | 575.44 | −0.047% | $4.5M | $7.8M | 50x | as long as short |
| Variational Omni DELL | 0.0000% | 8h | 575.58 | −0.022% | $260K | $82K | — | as long as short |
| GRVT DELL_USDT_Perplong | 0.0000% | 8h | 575.71 | long leg | $1K | $178K | 10x | |
| BloFin DELL-USDT | +0.0007% | 8h | 575.62 | −0.016% | $318K | $218K | 20x | as long as short |
| Bitget DELLUSDT | +0.0031% | 8h | 575.31 | −0.069% | $3.3M | $4.6M | 20x | as long as short |
| Lighter DELL | +0.0032% | 1h | 575.85 | +0.024% | $34K | $11K | 10x | as long as short |
| Injective DELL/USDC PERP | +0.0033% | 1h | 571.67 | −0.702% | $8K | $83K | 12x | as long as short |
Aster DELLUSDT
Extended DELL-USD
Binance DELLUSDT
Gate DELL_USDT
Variational Omni DELL
BloFin DELL-USDT
Bitget DELLUSDT
Lighter DELL
Injective DELL/USDC PERPShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:DELL | +0.0050% | 1h | 574.82 | −0.155% | $7.4M | $7.2M | 10x | as long as short |
| KuCoin DELLUSDTM | +0.0100% | 8h | 575.28 | −0.075% | $943K | $32K | 20x | as long as short |
| Orderly PERP_DELL_USDC_mythos | +0.0100% | 8h | 576.17 | +0.080% | $3K | $336 | 10x | as long as short |
| HTX DELL-USDT | +0.0100% | 8h | 576.27 | +0.097% | $18K | $58K | 10x | as long as short |
| Bybit DELLUSDT | +0.0188% | 8h | 575.42 | −0.050% | $5.9M | $3.6M | 50x | as long as short |
| Polymarket Perps DELL-USD | +0.0282% | 1h | 575.46 | −0.043% | $754 | $23K | 10x | as long as short |
| OKX DELL-USDT-SWAP | +0.0398% | 8h | 575.76 | +0.009% | $5.9M | $6.8M | 20x | as long as short |
| Phoenix DELLshort | +0.0528% | 1h | 575.05 | −0.115% | $3K | $280K | 10x | |
| Nado DELL-PERP | +0.0710% | 1h | 574.91 | −0.138% | $70K | $13K | 10x | as long as short |
| edgeX DELLUSDC | +0.0947% | 4h | 575.66 | −0.009% | $5K | $334K | 10x | as long as short |
tradeXYZ xyz:DELL
KuCoin DELLUSDTM
Orderly PERP_DELL_USDC_mythos
HTX DELL-USDT
Bybit DELLUSDT
Polymarket Perps DELL-USD
OKX DELL-USDT-SWAP
Nado DELL-PERP
edgeX DELLUSDC