Funding you earn now, next payment 04:00 UTC+0.1007%/8h= +110.2% APRnext payment +$1.26 per $10,000 · paid last 24h +0.146%
Price spread now: Phoenix against Injective+0.948%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.391%+$39 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$30 a day on $10k at the current rate, and Phoenix is 0.948% dearer against Injective than usual: you sell high and buy low: +$95 more if the spread goes back to zero (this spread has no 7-day history yet).
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.391% in total (about 20.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.26 per $10,000. 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 | Injective DELL/USDC PERP | 571.67 | 0.0033 | pay 0.0004% / 1h | 53m 02s | $8K | $83K | 12x |
| Short | Phoenix DELL | 577.09 | 0.1040 | get 0.0130% / 1h | 53m 02s | $3K | $260K | 10x |
Injective DELL/USDC PERP
Phoenix DELLFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Injective. 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
- $211.4
- Price spread: +0.948% → 0.000%
- $94.81
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $299.19
- Costs to cover
- 0.070%
- Break-even
- from the start
Slippage unknown: Injective: no order-book sample; Phoenix: live order book, 62 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 Injective no order-book sample | — | — | — | — | — |
| Sell Phoenix live order book, 62 min ago | 2.60 bp | 9.4 bp −$9 | 18.6 bp −$186 | doesn't fit | doesn't fit |
Injective: 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 | 576.66 | +0.874% | $21K | $50K | 20x | as long as short |
| Gate DELL_USDT | 0.0000% | 8h | 576.97 | +0.927% | $4.1M | $7.2M | 50x | as long as short |
| Bitget DELLUSDT | 0.0000% | 8h | 576.96 | +0.925% | $3.6M | $4.6M | 20x | as long as short |
| Lighter DELL | +0.0032% | 1h | 577.27 | +0.980% | $34K | $13K | 10x | as long as short |
| Injective DELL/USDC PERPlong | +0.0033% | 1h | 571.67 | long leg | $8K | $83K | 12x | |
| tradeXYZ xyz:DELL | +0.0050% | 1h | 576.60 | +0.862% | $7.6M | $7.0M | 10x | as long as short |
| Polymarket Perps DELL-USD | +0.0050% | 1h | 576.90 | +0.915% | $7K | $54K | 10x | as long as short |
| KuCoin DELLUSDTM | +0.0100% | 8h | 576.64 | +0.869% | $944K | $29K | 20x | as long as short |
| Orderly PERP_DELL_USDC_mythos | +0.0100% | 8h | 577.68 | +1.051% | $3K | $336 | 10x | as long as short |
| HTX DELL-USDT | +0.0100% | 8h | 577.60 | +1.037% | $18K | $59K | 10x | as long as short |
Aster DELLUSDT
Gate DELL_USDT
Bitget DELLUSDT
Lighter DELL
tradeXYZ xyz:DELL
Polymarket Perps DELL-USD
KuCoin DELLUSDTM
Orderly PERP_DELL_USDC_mythos
HTX DELL-USDTShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| edgeX DELLUSDC | +0.0156% | 4h | 577.00 | +0.932% | $5K | $333K | 10x | as long as short |
| Bybit DELLUSDT | +0.0206% | 8h | 576.99 | +0.931% | $6.2M | $3.9M | 50x | as long as short |
| OKX DELL-USDT-SWAP | +0.0422% | 8h | 577.16 | +0.960% | $5.9M | $6.6M | 20x | as long as short |
| Variational Omni DELL | +0.0609% | 8h | 577.00 | +0.932% | $263K | $87K | — | as long as short |
| GRVT DELL_USDT_Perp | +0.0647% | 8h | 577.29 | +0.983% | $808 | $152K | 10x | as long as short |
| Binance DELLUSDT | +0.0704% | 8h | 577.21 | +0.969% | $18.6M | $65.9M | 20x | as long as short |
| Extended DELL-USD | +0.0704% | 1h | 577.05 | +0.942% | $334K | $1.2M | 10x | as long as short |
| BloFin DELL-USDT | +0.0723% | 8h | 577.16 | +0.960% | $323K | $220K | 20x | as long as short |
| Nado DELL-PERP | +0.0790% | 1h | 576.40 | +0.828% | $69K | $18K | 10x | as long as short |
| Phoenix DELLshort | +0.1040% | 1h | 577.09 | +0.948% | $3K | $260K | 10x |
edgeX DELLUSDC
Bybit DELLUSDT
OKX DELL-USDT-SWAP
Variational Omni DELL
GRVT DELL_USDT_Perp
Binance DELLUSDT
Extended DELL-USD
BloFin DELL-USDT
Nado DELL-PERP