Funding you earn now, next payment 05:00 UTC−0.0087%/8h= −9.5% APRpaid last 24h −0.127%
Price spread now: Binance against Phoenix+0.108%7-day average −0.027% · you sell dearer than you buy
Net, funding: paid 7d − costs−$109as in the Funding arb table
Net, price: spread back to 7d avg − costs−$25as in the Price arb table
costs, in and out, $10k−$390.390% of the position
Funding, last 7 days−0.700%−$70 on $10k
+Price spread, last 4 days (all we have)−0.233%−$23 · spread now +0.108%, 7d avg −0.027%
=The price spread pays, funding is against you. Binance is 0.135% dearer against Phoenix than usual: you sell high and buy low (spread +0.108% now, against its 7-day average of −0.027%): +$14 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 5.2 days. At the pace of the last 7 days (−0.700% in total) that is about 32 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix DELL | 572.63 | 0.0685 | pay 0.0086% / 1h | 14m 41s | $3K | $260K | 10x |
| Short | Binance DELLUSDT | 573.25 | 0.0598 | get 0.0598% / 8h | 2h 14m | $18.4M | $66.7M | 20x |
Phoenix DELL
Binance DELLUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Phoenix. 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
- −$18.17
- Price spread: +0.108% → −0.027%
- $13.54
- Slippage, 4 orders
- −$22.01
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$43.64
- Costs to cover
- 0.390%
- Break-even
- never at this rate
Slippage from Phoenix: live order book, 31 min ago; Binance: live order book, 13 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 Phoenix live order book, 31 min ago | 3.83 bp | 12.1 bp −$12 | 25.7 bp −$257 | doesn't fit | doesn't fit |
| Sell Binance live order book, 13 min ago | 0.44 bp | 8.1 bp −$8 | 21.4 bp −$214 | 106.0 bp −$10.6K | 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 | 572.52 | −0.018% | $20K | $50K | 20x | as long as short |
| Gate DELL_USDT | 0.0000% | 8h | 572.95 | +0.056% | $4.1M | $7.2M | 50x | as long as short |
| Bitget DELLUSDT | 0.0000% | 8h | 573.07 | +0.077% | $3.6M | $4.7M | 20x | as long as short |
| Lighter DELL | +0.0032% | 1h | 573.45 | +0.143% | $34K | $13K | 10x | as long as short |
| Injective DELL/USDC PERP | +0.0033% | 1h | 571.67 | −0.168% | $8K | $83K | 12x | as long as short |
| tradeXYZ xyz:DELL | +0.0050% | 1h | 572.38 | −0.044% | $7.5M | $7.0M | 10x | as long as short |
| Polymarket Perps DELL-USD | +0.0066% | 1h | 572.48 | −0.026% | $7K | $54K | 10x | as long as short |
| Bybit DELLUSDT | +0.0097% | 8h | 572.84 | +0.037% | $6.1M | $4.0M | 50x | as long as short |
| KuCoin DELLUSDTM | +0.0100% | 8h | 572.38 | −0.044% | $939K | $28K | 20x | as long as short |
| Orderly PERP_DELL_USDC_mythos | +0.0100% | 8h | 573.23 | +0.105% | $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-USDT | +0.0100% | 8h | 572.75 | +0.021% | $17K | $59K | 10x | as long as short |
| OKX DELL-USDT-SWAP | +0.0275% | 8h | 573.55 | +0.161% | $5.8M | $6.7M | 20x | as long as short |
| edgeX DELLUSDC | +0.0358% | 4h | 572.91 | +0.048% | $5K | $334K | 10x | as long as short |
| Variational Omni DELL | +0.0506% | 8h | 572.83 | +0.034% | $258K | $61K | — | as long as short |
| GRVT DELL_USDT_Perp | +0.0510% | 8h | 573.24 | +0.107% | $820 | $152K | 10x | as long as short |
| BloFin DELL-USDT | +0.0576% | 8h | 572.74 | +0.019% | $321K | $232K | 20x | as long as short |
| Binance DELLUSDTshort | +0.0598% | 8h | 573.25 | +0.108% | $18.4M | $66.7M | 20x | |
| Extended DELL-USD | +0.0600% | 1h | 572.91 | +0.049% | $335K | $1.1M | 10x | as long as short |
| Phoenix DELLlong | +0.0685% | 1h | 572.63 | long leg | $3K | $260K | 10x | |
| Nado DELL-PERP | +0.0799% | 1h | 571.98 | −0.113% | $69K | $20K | 10x | as long as short |
HTX DELL-USDT
OKX DELL-USDT-SWAP
edgeX DELLUSDC
Variational Omni DELL
GRVT DELL_USDT_Perp
BloFin DELL-USDT
Extended DELL-USD
Nado DELL-PERP