Funding you earn now, next payment 03:00 UTC−0.0679%/8h= −74.3% APRpaid last 24h −0.112%
Price spread now: Gate against Phoenix−0.024%7-day average −0.032% · you buy dearer than you sell
Net, funding: paid 7d − costs−$82as in the Funding arb table
Net, price: spread back to 7d avg − costs−$43as in the Price arb table
costs, in and out, $10k−$430.433% of the position
Funding, last 7 days−0.389%−$39 on $10k
+Price spread, last 4 days (all we have)+0.057%+$6 · spread now −0.024%, 7d avg −0.032%
=The price spread sits at its 7-day average of −0.032%, so right now this pair is about funding alone: −$20 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.389% in total (about -20.3% 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 | Phoenix DELL | 577.17 | 0.0679 | pay 0.0085% / 1h | 57m 23s | $3K | $260K | 10x |
| Short | Gate DELL_USDT | 577.03 | 0 | get 0.0000% / 8h | 3h 57m | $4.1M | $7.2M | 50x |
Phoenix DELL
Gate DELL_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$142.58
- Price spread: −0.024% → −0.032%
- $0.8
- Slippage, 4 orders
- −$21.34
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$185.13
- Costs to cover
- 0.433%
- Break-even
- never at this rate
Slippage from Phoenix: live order book, 58 min ago; Gate: live order book, 1 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, 58 min ago | 2.60 bp | 9.4 bp −$9 | 18.6 bp −$186 | doesn't fit | doesn't fit |
| Sell Gate live order book, 1 min ago | 2.17 bp | 11.7 bp −$12 | 21.8 bp −$218 | 71.0 bp −$7,099 | 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 | 576.84 | −0.057% | $21K | $50K | 20x | as long as short |
| Gate DELL_USDTshort | 0.0000% | 8h | 577.03 | −0.024% | $4.1M | $7.2M | 50x | |
| Bitget DELLUSDT | 0.0000% | 8h | 577.29 | +0.021% | $3.6M | $4.6M | 20x | as long as short |
| Lighter DELL | +0.0032% | 1h | 577.67 | +0.087% | $34K | $13K | 10x | as long as short |
| Injective DELL/USDC PERP | +0.0033% | 1h | 571.67 | −0.953% | $8K | $83K | 12x | as long as short |
| tradeXYZ xyz:DELL | +0.0050% | 1h | 576.61 | −0.097% | $7.6M | $7.0M | 10x | as long as short |
| edgeX DELLUSDC | +0.0097% | 4h | 577.21 | +0.007% | $5K | $332K | 10x | as long as short |
| KuCoin DELLUSDTM | +0.0100% | 8h | 576.85 | −0.055% | $945K | $29K | 20x | as long as short |
| Orderly PERP_DELL_USDC_mythos | +0.0100% | 8h | 577.75 | +0.100% | $3K | $336 | 10x | as long as short |
| HTX DELL-USDT | +0.0100% | 8h | 577.83 | +0.114% | $18K | $59K | 10x | as long as short |
Aster DELLUSDT
Bitget DELLUSDT
Lighter DELL
Injective DELL/USDC PERP
tradeXYZ xyz:DELL
edgeX DELLUSDC
KuCoin DELLUSDTM
Orderly PERP_DELL_USDC_mythos
HTX DELL-USDTShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Polymarket Perps DELL-USD | +0.0126% | 1h | 576.95 | −0.038% | $7K | $54K | 10x | as long as short |
| Bybit DELLUSDT | +0.0218% | 8h | 577.03 | −0.024% | $6.2M | $3.9M | 50x | as long as short |
| OKX DELL-USDT-SWAP | +0.0436% | 8h | 577.32 | +0.026% | $5.9M | $6.6M | 20x | as long as short |
| Variational Omni DELL | +0.0614% | 8h | 577.54 | +0.064% | $263K | $87K | — | as long as short |
| GRVT DELL_USDT_Perp | +0.0651% | 8h | 577.39 | +0.039% | $831 | $152K | 10x | as long as short |
| Phoenix DELLlong | +0.0679% | 1h | 577.17 | long leg | $3K | $260K | 10x | |
| BloFin DELL-USDT | +0.0688% | 8h | 577.32 | +0.026% | $323K | $220K | 20x | as long as short |
| Binance DELLUSDT | +0.0709% | 8h | 577.20 | +0.005% | $18.6M | $65.9M | 20x | as long as short |
| Extended DELL-USD | +0.0712% | 1h | 577.02 | −0.025% | $334K | $1.2M | 10x | as long as short |
| Nado DELL-PERP | +0.0881% | 1h | 576.64 | −0.092% | $69K | $18K | 10x | as long as short |
Polymarket Perps DELL-USD
Bybit DELLUSDT
OKX DELL-USDT-SWAP
Variational Omni DELL
GRVT DELL_USDT_Perp
BloFin DELL-USDT
Binance DELLUSDT
Extended DELL-USD
Nado DELL-PERP