Funding you earn now, next payment 05:00 UTC+0.0585%/8h= +64.1% APRpaid last 24h +0.132%
Price spread now: Phoenix against HTX−0.171%48s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.326%+$33 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Funding pays, the price is against you. Phoenix is 0.171% cheaper against HTX than usual: you would sell low and buy high (spread −0.171% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$17 on $10k: about 23 hours of funding at the current rate (+$18 a day). At the pace of the last 7 days (+0.326% in total) that is about 3.7 days. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.326% in total (about 17.0% 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 | HTX DELL-USDT | 573.61 | 0.0100 | pay 0.0100% / 8h | 2h 15m | $17K | $59K | 10x |
| Short | Phoenix DELL | 572.63 | 0.0685 | get 0.0086% / 1h | 15m 27s | $3K | $260K | 10x |
HTX DELL-USDT
Phoenix DELLFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against HTX. 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
- $122.85
- Price spread: −0.171% → 0.000%
- −$17.08
- Slippage, 4 orders
- no order book: not counted
- Fee HTX: 6 bp × 2 orders
- −$12
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $86.76
- Costs to cover
- 0.190%
- Break-even
- 2.1 days
Slippage unknown: HTX: no order-book sample; Phoenix: live order book, 30 min ago. Net counts fees only.
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 HTX no order-book sample | — | — | — | — | — |
| Sell Phoenix live order book, 30 min ago | 3.83 bp | 12.1 bp −$12 | 25.7 bp −$257 | doesn't fit | doesn't fit |
HTX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | 572.28 | −0.232% | $20K | $50K | 20x | as long as short |
| Gate DELL_USDT | 0.0000% | 8h | 572.68 | −0.162% | $4.1M | $7.2M | 50x | as long as short |
| Bitget DELLUSDT | 0.0000% | 8h | 572.58 | −0.180% | $3.6M | $4.7M | 20x | as long as short |
| Lighter DELL | +0.0032% | 1h | 572.95 | −0.115% | $33K | $13K | 10x | as long as short |
| Injective DELL/USDC PERP | +0.0033% | 1h | 571.67 | −0.338% | $8K | $83K | 12x | as long as short |
| tradeXYZ xyz:DELL | +0.0050% | 1h | 572.16 | −0.253% | $7.5M | $7.0M | 10x | as long as short |
| Polymarket Perps DELL-USD | +0.0066% | 1h | 572.48 | −0.197% | $7K | $54K | 10x | as long as short |
| Bybit DELLUSDT | +0.0094% | 8h | 572.51 | −0.192% | $6.1M | $4.0M | 50x | as long as short |
| KuCoin DELLUSDTM | +0.0100% | 8h | 572.12 | −0.260% | $938K | $28K | 20x | as long as short |
| Orderly PERP_DELL_USDC_mythos | +0.0100% | 8h | 573.23 | −0.066% | $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-USDTlong | +0.0100% | 8h | 573.61 | long leg | $17K | $59K | 10x | |
| OKX DELL-USDT-SWAP | +0.0275% | 8h | 572.83 | −0.136% | $5.8M | $6.7M | 20x | as long as short |
| edgeX DELLUSDC | +0.0358% | 4h | 572.91 | −0.123% | $5K | $334K | 10x | as long as short |
| Variational Omni DELL | +0.0506% | 8h | 572.83 | −0.137% | $258K | $61K | — | as long as short |
| GRVT DELL_USDT_Perp | +0.0510% | 8h | 573.24 | −0.064% | $820 | $152K | 10x | as long as short |
| Binance DELLUSDT | +0.0599% | 8h | 572.75 | −0.150% | $18.4M | $66.7M | 20x | as long as short |
| Extended DELL-USD | +0.0600% | 1h | 572.58 | −0.180% | $335K | $1.1M | 10x | as long as short |
| BloFin DELL-USDT | +0.0622% | 8h | 573.10 | −0.089% | $321K | $232K | 20x | as long as short |
| Phoenix DELLshort | +0.0685% | 1h | 572.63 | −0.171% | $3K | $260K | 10x | |
| Nado DELL-PERP | +0.0799% | 1h | 571.98 | −0.284% | $69K | $20K | 10x | as long as short |
OKX DELL-USDT-SWAP
edgeX DELLUSDC
Variational Omni DELL
GRVT DELL_USDT_Perp
Binance DELLUSDT
Extended DELL-USD
BloFin DELL-USDT
Nado DELL-PERP