Funding you earn now, next payment 06:00 UTC+0.0763%/8h= +83.6% APRpaid last 24h +0.134%
Price spread now: Phoenix against KuCoin+0.115%108s7-day average +0.060% · you sell dearer than you buy
Net, funding: paid 7d − costs−$296as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$3473.469% of the position
Funding, last 7 days+0.513%+$51 on $10k
+Price spread, last 4 days (all we have)−0.053%−$5 · spread now +0.115%, 7d avg +0.060%
=Both sides work for this trade now. Funding pays +$23 a day on $10k at the current rate, and Phoenix is 0.055% dearer against KuCoin than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.060%. The two prices were read 108 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 0.513% in total (about 26.8% 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 | KuCoin DELLUSDTM | 572.96 | 0.0100 | pay 0.0100% / 8h | 1h 49m | $938K | $28K | 20x |
| Short | Phoenix DELL | 573.62 | 0.0863 | get 0.0108% / 1h | 49m 32s | $3K | $228K | 10x |
KuCoin DELLUSDTM
Phoenix DELLFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against KuCoin. 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
- $160.24
- Price spread: +0.115% → +0.060%
- $5.49
- Slippage, 4 orders
- −$327.86
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$181.14
- Costs to cover
- 3.469%
- Break-even
- 14.9 days
Slippage from KuCoin: live order book, 50 min ago; Phoenix: live order book, 56 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 KuCoin live order book, 50 min ago | 24.15 bp | 234.5 bp −$234 | doesn't fit | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 56 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 | 572.99 | +0.006% | $20K | $50K | 20x | as long as short |
| Gate DELL_USDT | 0.0000% | 8h | 573.68 | +0.126% | $4.1M | $7.2M | 50x | as long as short |
| Bitget DELLUSDT | 0.0000% | 8h | 573.74 | +0.136% | $3.6M | $4.7M | 20x | as long as short |
| Lighter DELL | +0.0032% | 1h | 573.53 | +0.099% | $34K | $12K | 10x | as long as short |
| Injective DELL/USDC PERP | +0.0033% | 1h | 571.67 | −0.225% | $8K | $83K | 12x | as long as short |
| KuCoin DELLUSDTMlong | +0.0100% | 8h | 572.96 | long leg | $938K | $28K | 20x | |
| Orderly PERP_DELL_USDC_mythos | +0.0100% | 8h | 573.82 | +0.150% | $3K | $336 | 10x | as long as short |
| HTX DELL-USDT | +0.0100% | 8h | 572.89 | −0.012% | $17K | $58K | 10x | as long as short |
| tradeXYZ xyz:DELL | +0.0129% | 1h | 573.02 | +0.010% | $7.5M | $7.0M | 10x | as long as short |
| Bybit DELLUSDT | +0.0138% | 8h | 573.55 | +0.103% | $6.1M | $4.0M | 50x | as long as short |
Aster DELLUSDT
Gate DELL_USDT
Bitget DELLUSDT
Lighter DELL
Injective DELL/USDC PERP
Orderly PERP_DELL_USDC_mythos
HTX DELL-USDT
tradeXYZ xyz:DELL
Bybit DELLUSDTShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Polymarket Perps DELL-USD | +0.0163% | 1h | 573.44 | +0.084% | $7K | $54K | 10x | as long as short |
| OKX DELL-USDT-SWAP | +0.0282% | 8h | 573.74 | +0.136% | $5.8M | $6.7M | 20x | as long as short |
| edgeX DELLUSDC | +0.0468% | 4h | 573.88 | +0.161% | $5K | $334K | 10x | as long as short |
| Variational Omni DELL | +0.0524% | 8h | 573.39 | +0.074% | $258K | $61K | — | as long as short |
| GRVT DELL_USDT_Perp | +0.0563% | 8h | 573.37 | +0.072% | $631 | $148K | 10x | as long as short |
| BloFin DELL-USDT | +0.0599% | 8h | 573.56 | +0.105% | $322K | $233K | 20x | as long as short |
| Extended DELL-USD | +0.0608% | 1h | 573.69 | +0.128% | $337K | $1.1M | 10x | as long as short |
| Binance DELLUSDT | +0.0615% | 8h | 573.75 | +0.138% | $18.4M | $66.9M | 20x | as long as short |
| Phoenix DELLshort | +0.0863% | 1h | 573.62 | +0.115% | $3K | $228K | 10x | |
| Nado DELL-PERP | +0.0911% | 1h | 572.51 | −0.078% | $69K | $20K | 10x | as long as short |
Polymarket Perps DELL-USD
OKX DELL-USDT-SWAP
edgeX DELLUSDC
Variational Omni DELL
GRVT DELL_USDT_Perp
BloFin DELL-USDT
Extended DELL-USD
Binance DELLUSDT
Nado DELL-PERP