Funding you earn now, next payment 03:00 UTC+0.0647%/8h= +70.8% APRnext payment +$0.81 per $10,000 · paid last 24h +0.145%
Price spread now: Phoenix against Lighter−0.022%104s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories
Funding pays, the price is against you. Phoenix is 0.022% cheaper against Lighter than usual: you would sell low and buy high (spread −0.022% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$2 on $10k: about 3 hours of funding at the current rate (+$19 a day). The two prices were read 104 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter DELL | 578.26 | 0.0032 | pay 0.0004% / 1h | 23m 44s | $34K | $13K | 10x |
| Short | Phoenix DELL | 578.13 | 0.0679 | get 0.0085% / 1h | 23m 44s | $3K | $258K | 10x |
Lighter DELL
Phoenix DELLFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Lighter. 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
- $135.86
- Price spread: −0.022% → 0.000%
- −$2.25
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $126.62
- Costs to cover
- 0.070%
- Break-even
- 0.5 days
Slippage unknown: Lighter: no order-book sample; Phoenix: live order book, 32 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 Lighter no order-book sample | — | — | — | — | — |
| Sell Phoenix live order book, 32 min ago | 2.60 bp | 9.4 bp −$9 | 18.6 bp −$186 | doesn't fit | doesn't fit |
Lighter: 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 | 577.37 | −0.154% | $21K | $50K | 20x | as long as short |
| Gate DELL_USDT | 0.0000% | 8h | 578.25 | −0.002% | $4.1M | $7.3M | 50x | as long as short |
| Bitget DELLUSDT | 0.0000% | 8h | 578.23 | −0.005% | $3.6M | $4.6M | 20x | as long as short |
| Lighter DELLlong | +0.0032% | 1h | 578.26 | long leg | $34K | $13K | 10x | |
| Injective DELL/USDC PERP | +0.0033% | 1h | 571.67 | −1.140% | $8K | $83K | 12x | as long as short |
| KuCoin DELLUSDTM | +0.0100% | 8h | 577.62 | −0.111% | $947K | $29K | 20x | as long as short |
| Orderly PERP_DELL_USDC_mythos | +0.0100% | 8h | 579.09 | +0.144% | $3K | $336 | 10x | as long as short |
| HTX DELL-USDT | +0.0100% | 8h | 578.54 | +0.048% | $17K | $58K | 10x | as long as short |
| Bybit DELLUSDT | +0.0134% | 8h | 578.10 | −0.028% | $6.2M | $3.9M | 50x | as long as short |
| tradeXYZ xyz:DELL | +0.0164% | 1h | 577.59 | −0.116% | $7.6M | $7.0M | 10x | as long as short |
Aster DELLUSDT
Gate DELL_USDT
Bitget DELLUSDT
Injective DELL/USDC PERP
KuCoin DELLUSDTM
Orderly PERP_DELL_USDC_mythos
HTX DELL-USDT
Bybit DELLUSDT
tradeXYZ xyz:DELLShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Polymarket Perps DELL-USD | +0.0335% | 1h | 578.41 | +0.026% | $7K | $54K | 10x | as long as short |
| OKX DELL-USDT-SWAP | +0.0440% | 8h | 578.54 | +0.048% | $5.9M | $6.7M | 20x | as long as short |
| GRVT DELL_USDT_Perp | +0.0555% | 8h | 578.36 | +0.017% | $2K | $152K | 10x | as long as short |
| Variational Omni DELL | +0.0558% | 8h | 578.55 | +0.050% | $264K | $86K | — | as long as short |
| edgeX DELLUSDC | +0.0626% | 4h | 578.37 | +0.019% | $5K | $333K | 10x | as long as short |
| Extended DELL-USD | +0.0656% | 1h | 578.15 | −0.018% | $334K | $1.2M | 10x | as long as short |
| Binance DELLUSDT | +0.0661% | 8h | 578.35 | +0.015% | $18.8M | $65.9M | 20x | as long as short |
| BloFin DELL-USDT | +0.0662% | 8h | 578.65 | +0.067% | $323K | $221K | 20x | as long as short |
| Phoenix DELLshort | +0.0679% | 1h | 578.13 | −0.022% | $3K | $258K | 10x | |
| Nado DELL-PERP | +0.0842% | 1h | 577.49 | −0.134% | $69K | $18K | 10x | as long as short |
Polymarket Perps DELL-USD
OKX DELL-USDT-SWAP
GRVT DELL_USDT_Perp
Variational Omni DELL
edgeX DELLUSDC
Extended DELL-USD
Binance DELLUSDT
BloFin DELL-USDT
Nado DELL-PERP