Funding you earn now, next payment 23:00 UTC−0.0244%/8h= −26.7% APRpaid last 24h −0.134%
Price spread now: GRVT against Phoenix−0.095%7-day average −0.025% · you buy dearer than you sell
Net, funding: paid 7d − costs−$112as in the Funding arb table
Net, price: spread back to 7d avg − costs−$44as in the Price arb table
costs, in and out, $10k−$370.374% of the position
Funding, last 7 days−0.749%−$75 on $10k
+Price spread, last 3 days (all we have)+0.143%+$14 · spread now −0.095%, 7d avg −0.025%
=Together, before fees−0.606%+ Points / potential airdropGRVT: Active · farm board−$61 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and GRVT is 0.070% cheaper against Phoenix than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.025%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix DELL | 578.47 | 0.0570 | pay 0.0071% / 1h | 56m 23s | $3K | $280K | 10x |
| Short | GRVT DELL_USDT_Perp | 577.92 | 0.0326 | get 0.0326% / 8h | 7h 56m | $659 | $170K | 10x |
Phoenix DELL
GRVT DELL_USDT_PerpFunding history
latest
Range statsloading…
Price spread between the two exchanges
GRVT 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
- −$51.28
- Price spread: −0.095% → −0.025%
- −$7.02
- Slippage, 4 orders
- −$21.36
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- −$95.66
- Costs to cover
- 0.374%
- Break-even
- never at this rate
Slippage from Phoenix: live order book, 14 min ago; GRVT: live order book, 11 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, 14 min ago | 2.60 bp | 9.5 bp −$10 | 19.0 bp −$190 | doesn't fit | doesn't fit |
| Sell GRVT live order book, 11 min ago | 1.13 bp | 8.4 bp −$8 | doesn't fit | 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 | 579.32 | +0.147% | $21K | $50K | 20x | as long as short |
| Injective DELL/USDC PERP | +0.0033% | 1h | 571.67 | −1.176% | $8K | $83K | 12x | as long as short |
| Bitget DELLUSDT | +0.0094% | 8h | 579.68 | +0.209% | $3.4M | $4.6M | 20x | as long as short |
| KuCoin DELLUSDTM | +0.0100% | 8h | 578.90 | +0.074% | $949K | $33K | 20x | as long as short |
| Orderly PERP_DELL_USDC_mythos | +0.0100% | 8h | 579.97 | +0.259% | $3K | $336 | 10x | as long as short |
| HTX DELL-USDT | +0.0100% | 8h | 579.40 | +0.161% | $18K | $58K | 10x | as long as short |
| Variational Omni DELL | +0.0238% | 8h | 577.91 | −0.097% | $261K | $81K | — | as long as short |
| Lighter DELL | +0.0280% | 1h | 580.17 | +0.294% | $34K | $12K | 10x | as long as short |
| GRVT DELL_USDT_Perpshort | +0.0326% | 8h | 577.92 | −0.095% | $659 | $170K | 10x | |
| BloFin DELL-USDT | +0.0369% | 8h | 579.25 | +0.135% | $320K | $218K | 20x | as long as short |
Aster DELLUSDT
Injective DELL/USDC PERP
Bitget DELLUSDT
KuCoin DELLUSDTM
Orderly PERP_DELL_USDC_mythos
HTX DELL-USDT
Variational Omni DELL
Lighter DELL
BloFin DELL-USDTShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance DELLUSDT | +0.0376% | 8h | 580.01 | +0.266% | $18.8M | $66.2M | 20x | as long as short |
| Extended DELL-USD | +0.0376% | 1h | 580.21 | +0.300% | $339K | $1.1M | 10x | as long as short |
| Phoenix DELLlong | +0.0570% | 1h | 578.47 | long leg | $3K | $280K | 10x | |
| OKX DELL-USDT-SWAP | +0.0611% | 8h | 580.13 | +0.287% | $5.9M | $6.6M | 20x | as long as short |
| edgeX DELLUSDC | +0.0710% | 4h | 578.51 | +0.007% | $5K | $332K | 10x | as long as short |
| tradeXYZ xyz:DELL | +0.0851% | 1h | 578.28 | −0.033% | $7.4M | $7.4M | 10x | as long as short |
| Gate DELL_USDT | +0.1136% | 8h | 580.03 | +0.270% | $4.3M | $7.4M | 50x | as long as short |
| Nado DELL-PERP | +0.1146% | 1h | 578.91 | +0.076% | $69K | $13K | 10x | as long as short |
| Polymarket Perps DELL-USD | +0.1293% | 1h | 578.62 | +0.026% | $16K | $37K | 10x | as long as short |
| Bybit DELLUSDT | +0.1463% | 8h | 579.61 | +0.197% | $6.1M | $3.9M | 50x | as long as short |
Binance DELLUSDT
Extended DELL-USD
OKX DELL-USDT-SWAP
edgeX DELLUSDC
tradeXYZ xyz:DELL
Gate DELL_USDT
Nado DELL-PERP
Polymarket Perps DELL-USD
Bybit DELLUSDT