Funding you earn now, next payment 02:00 UTC+0.0249%/8h= +27.2% APRpaid last 24h +0.090%
Price spread now: Phoenix against OKX−0.069%56s7-day average −0.012% · you buy dearer than you sell
Net, funding: paid 7d − costs+$13as 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−$420.424% of the position
Funding, last 7 days+0.550%+$55 on $10k
+Price spread, last 4 days (all we have)+0.004%$0 · spread now −0.069%, 7d avg −0.012%
=Funding pays, the price is against you. Phoenix is 0.057% cheaper against OKX than usual: you would sell low and buy high (spread −0.069% now, against its 7-day average of −0.012%). If the spread goes back, that is −$6 on $10k: about 18 hours of funding at the current rate (+$7 a day). The two prices were read 56 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 | OKX DELL-USDT-SWAP | 577.49 | 0.0474 | pay 0.0474% / 8h | 5h 12m | $5.8M | $6.6M | 20x |
| Short | Phoenix DELL | 577.09 | 0.0723 | get 0.0090% / 1h | 12m 32s | $3K | $258K | 10x |
OKX DELL-USDT-SWAP
Phoenix DELLFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against OKX. 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
- $52.2
- Price spread: −0.069% → −0.012%
- −$5.72
- Slippage, 4 orders
- −$25.38
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $4.1
- Costs to cover
- 0.424%
- Break-even
- 6.5 days
Slippage from OKX: live order book, 5 min ago; Phoenix: live order book, 48 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 OKX live order book, 5 min ago | 1.21 bp | 11.9 bp −$12 | 58.8 bp −$588 | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 48 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 | 577.26 | −0.040% | $21K | $50K | 20x | as long as short |
| Gate DELL_USDT | 0.0000% | 8h | 577.61 | +0.021% | $4.1M | $7.3M | 50x | as long as short |
| Bitget DELLUSDT | 0.0000% | 8h | 577.54 | +0.009% | $3.6M | $4.6M | 20x | as long as short |
| Bybit DELLUSDT | +0.0013% | 8h | 577.70 | +0.036% | $6.1M | $3.9M | 50x | as long as short |
| Lighter DELL | +0.0032% | 1h | 577.94 | +0.078% | $34K | $13K | 10x | as long as short |
| Injective DELL/USDC PERP | +0.0033% | 1h | 571.67 | −1.008% | $8K | $83K | 12x | as long as short |
| tradeXYZ xyz:DELL | +0.0050% | 1h | 576.95 | −0.094% | $7.5M | $7.0M | 10x | as long as short |
| Polymarket Perps DELL-USD | +0.0050% | 1h | 577.52 | +0.005% | $7K | $54K | 10x | as long as short |
| KuCoin DELLUSDTM | +0.0100% | 8h | 577.09 | −0.069% | $946K | $30K | 20x | as long as short |
| Orderly PERP_DELL_USDC_mythos | +0.0100% | 8h | 578.36 | +0.151% | $3K | $336 | 10x | as long as short |
Aster DELLUSDT
Gate DELL_USDT
Bitget DELLUSDT
Bybit DELLUSDT
Lighter DELL
Injective DELL/USDC PERP
tradeXYZ xyz:DELL
Polymarket Perps DELL-USD
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-USDT | +0.0100% | 8h | 576.72 | −0.133% | $17K | $58K | 10x | as long as short |
| OKX DELL-USDT-SWAPlong | +0.0474% | 8h | 577.49 | long leg | $5.8M | $6.6M | 20x | |
| Variational Omni DELL | +0.0523% | 8h | 577.45 | −0.007% | $264K | $86K | — | as long as short |
| GRVT DELL_USDT_Perp | +0.0523% | 8h | 577.37 | −0.021% | $987 | $152K | 10x | as long as short |
| BloFin DELL-USDT | +0.0609% | 8h | 577.85 | +0.062% | $276K | $221K | 20x | as long as short |
| Binance DELLUSDT | +0.0621% | 8h | 577.80 | +0.054% | $18.8M | $65.0M | 20x | as long as short |
| Extended DELL-USD | +0.0624% | 1h | 577.65 | +0.028% | $335K | $1.2M | 10x | as long as short |
| Nado DELL-PERP | +0.0657% | 1h | 577.16 | −0.057% | $69K | $18K | 10x | as long as short |
| Phoenix DELLshort | +0.0723% | 1h | 577.09 | −0.069% | $3K | $258K | 10x | |
| edgeX DELLUSDC | +0.0753% | 4h | 577.41 | −0.015% | $5K | $335K | 10x | as long as short |
HTX DELL-USDT
Variational Omni DELL
GRVT DELL_USDT_Perp
BloFin DELL-USDT
Binance DELLUSDT
Extended DELL-USD
Nado DELL-PERP
edgeX DELLUSDC