Funding you earn now, next payment 05:00 UTC−0.0685%/8h= −75.0% APRpaid last 24h −0.154%
Price spread now: Bitget against Phoenix+0.264%59s7-day average −0.051% · you sell dearer than you buy
Net, funding: paid 7d − costs−$132as 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−$640.643% of the position
Funding, last 7 days−0.679%−$68 on $10k
+Price spread, last 4 days (all we have)−0.256%−$26 · spread now +0.264%, 7d avg −0.051%
=The price spread pays, funding is against you. Bitget is 0.316% dearer against Phoenix than usual: you sell high and buy low (spread +0.264% now, against its 7-day average of −0.051%): +$32 on $10k if it goes back. Holding the pair costs −$21 a day in funding at the current rate, which eats that in about 37 hours. At the pace of the last 7 days (−0.679% in total) that is about 3.3 days. The two prices were read 59 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 | Phoenix DELL | 571.50 | 0.0685 | pay 0.0086% / 1h | 18m 30s | $3K | $260K | 10x |
| Short | Bitget DELLUSDT | 573.01 | 0 | get 0.0000% / 8h | 2h 18m | $3.6M | $4.7M | 20x |
Phoenix DELL
Bitget DELLUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- −$143.85
- Price spread: +0.264% → −0.051%
- $31.57
- Slippage, 4 orders
- −$45.25
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$176.53
- Costs to cover
- 0.643%
- Break-even
- never at this rate
Slippage from Phoenix: live order book, 27 min ago; Bitget: live order book, 5 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, 27 min ago | 3.83 bp | 12.1 bp −$12 | 25.7 bp −$257 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 5 min ago | 3.06 bp | 20.1 bp −$20 | 48.9 bp −$489 | 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 | 572.70 | +0.211% | $20K | $50K | 20x | as long as short |
| Gate DELL_USDT | 0.0000% | 8h | 573.32 | +0.318% | $4.1M | $7.2M | 50x | as long as short |
| Bitget DELLUSDTshort | 0.0000% | 8h | 573.01 | +0.264% | $3.6M | $4.7M | 20x | |
| Lighter DELL | +0.0032% | 1h | 573.25 | +0.306% | $33K | $13K | 10x | as long as short |
| Injective DELL/USDC PERP | +0.0033% | 1h | 571.67 | +0.030% | $8K | $83K | 12x | as long as short |
| tradeXYZ xyz:DELL | +0.0050% | 1h | 572.50 | +0.175% | $7.5M | $7.0M | 10x | as long as short |
| Polymarket Perps DELL-USD | +0.0056% | 1h | 572.85 | +0.236% | $7K | $54K | 10x | as long as short |
| Bybit DELLUSDT | +0.0090% | 8h | 572.75 | +0.219% | $6.1M | $4.0M | 50x | as long as short |
| KuCoin DELLUSDTM | +0.0100% | 8h | 572.34 | +0.147% | $939K | $28K | 20x | as long as short |
| Orderly PERP_DELL_USDC_mythos | +0.0100% | 8h | 573.98 | +0.434% | $3K | $336 | 10x | as long as short |
Aster DELLUSDT
Gate DELL_USDT
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 | 572.30 | +0.140% | $17K | $59K | 10x | as long as short |
| OKX DELL-USDT-SWAP | +0.0280% | 8h | 573.47 | +0.345% | $5.8M | $6.7M | 20x | as long as short |
| edgeX DELLUSDC | +0.0448% | 4h | 572.16 | +0.115% | $5K | $334K | 10x | as long as short |
| GRVT DELL_USDT_Perp | +0.0480% | 8h | 571.70 | +0.035% | $972 | $151K | 10x | as long as short |
| Variational Omni DELL | +0.0490% | 8h | 572.16 | +0.115% | $257K | $60K | — | as long as short |
| BloFin DELL-USDT | +0.0587% | 8h | 573.08 | +0.276% | $322K | $232K | 20x | as long as short |
| Extended DELL-USD | +0.0592% | 1h | 573.11 | +0.281% | $335K | $1.1M | 10x | as long as short |
| Binance DELLUSDT | +0.0596% | 8h | 573.27 | +0.310% | $18.4M | $66.7M | 20x | as long as short |
| Phoenix DELLlong | +0.0685% | 1h | 571.50 | long leg | $3K | $260K | 10x | |
| Nado DELL-PERP | +0.0783% | 1h | 571.98 | +0.083% | $69K | $20K | 10x | as long as short |
HTX DELL-USDT
OKX DELL-USDT-SWAP
edgeX DELLUSDC
GRVT DELL_USDT_Perp
Variational Omni DELL
BloFin DELL-USDT
Extended DELL-USD
Binance DELLUSDT
Nado DELL-PERP