Funding you earn now, next payment 23:00 UTC−0.0537%/8h= −58.8% APRnext payment −$0.67 per $10,000 · paid last 24h −0.124%
Price spread now: Injective against Phoenix−1.176%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.369%−$37 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$16 a day on $10k at the current rate, and Injective is 1.176% cheaper against Phoenix than usual: you would sell low and buy high (−$118 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.369% in total (about -19.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.67 per $10,000. 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 | 578.47 | 0.0570 | pay 0.0071% / 1h | 56m 44s | $3K | $280K | 10x |
| Short | Injective DELL/USDC PERP | 571.67 | 0.0033 | get 0.0004% / 1h | 56m 44s | $8K | $83K | 12x |
Phoenix DELL
Injective DELL/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- −$112.74
- Price spread: −1.176% → 0.000%
- −$117.55
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$237.31
- Costs to cover
- 0.070%
- Break-even
- never at this rate
Slippage unknown: Phoenix: live order book, 13 min ago; Injective: no order-book sample. Net counts fees only.
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, 13 min ago | 2.60 bp | 9.5 bp −$10 | 19.0 bp −$190 | doesn't fit | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | 579.23 | +0.131% | $21K | $50K | 20x | as long as short |
| Injective DELL/USDC PERPshort | +0.0033% | 1h | 571.67 | −1.176% | $8K | $83K | 12x | |
| Bitget DELLUSDT | +0.0085% | 8h | 579.68 | +0.209% | $3.4M | $4.6M | 20x | as long as short |
| KuCoin DELLUSDTM | +0.0100% | 8h | 578.53 | +0.010% | $948K | $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 | 579.29 | +0.142% | $34K | $12K | 10x | as long as short |
| GRVT DELL_USDT_Perp | +0.0326% | 8h | 577.92 | −0.095% | $659 | $170K | 10x | as long as short |
| BloFin DELL-USDT | +0.0369% | 8h | 579.25 | +0.135% | $320K | $218K | 20x | as long as short |
Aster DELLUSDT
Bitget DELLUSDT
KuCoin DELLUSDTM
Orderly PERP_DELL_USDC_mythos
HTX DELL-USDT
Variational Omni DELL
Lighter DELL
GRVT DELL_USDT_Perp
BloFin DELL-USDTShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance DELLUSDT | +0.0373% | 8h | 579.99 | +0.263% | $18.8M | $66.2M | 20x | as long as short |
| Extended DELL-USD | +0.0376% | 1h | 579.84 | +0.237% | $339K | $1.1M | 10x | as long as short |
| Phoenix DELLlong | +0.0570% | 1h | 578.47 | long leg | $3K | $280K | 10x | |
| Gate DELL_USDT | +0.0601% | 8h | 579.29 | +0.142% | $4.3M | $7.4M | 50x | as long as short |
| OKX DELL-USDT-SWAP | +0.0603% | 8h | 580.52 | +0.354% | $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 | +0.0764% | 1h | 578.10 | −0.064% | $7.4M | $7.4M | 10x | as long as short |
| Polymarket Perps DELL-USD | +0.1031% | 1h | 578.39 | −0.014% | $16K | $36K | 10x | as long as short |
| Bybit DELLUSDT | +0.1061% | 8h | 579.87 | +0.242% | $6.1M | $3.9M | 50x | as long as short |
| Nado DELL-PERP | +0.1373% | 1h | 578.11 | −0.063% | $69K | $13K | 10x | as long as short |
Binance DELLUSDT
Extended DELL-USD
Gate DELL_USDT
OKX DELL-USDT-SWAP
edgeX DELLUSDC
tradeXYZ xyz:DELL
Polymarket Perps DELL-USD
Bybit DELLUSDT
Nado DELL-PERP