DELL

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0758%/8h= −83.0% APRnext payment −$0.95 per $10,000 · paid last 24h −0.132%

Price spread now: Lighter against Phoenix+0.156%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Phoenix Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

The price spread pays, funding is against you. Lighter is 0.156% dearer against Phoenix than usual: you sell high and buy low (spread +0.156% now, against zero (this spread has no 7-day history yet)): +$16 on $10k if it goes back. Holding the pair costs −$23 a day in funding at the current rate, which eats that in about 16 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix DELL	577.99	0.0790	pay 0.0099% / 1h	36m 27s	$3K	$280K	10x
Short	Lighter DELL	578.89	0.0032	get 0.0004% / 1h	36m 27s	$34K	$12K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Phoenix. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee PhoenixbpFee LighterbpOrdersPrice spread, now +0.156%Rate

Funding earned: −$159.17
Price spread: +0.156% → 0.000%: $15.57
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Lighter: 0 bp × 2 orders: $0
Net: −$150.6
Costs to cover: 0.070%
Break-even: from the start

Slippage unknown: Phoenix: live order book, 34 min ago; Lighter: 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, 34 min ago	2.60 bp	9.5 bp −$10	19.0 bp −$190	doesn't fit	doesn't fit
Sell Lighter no order-book sample	—	—	—	—	—

Lighter: 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	578.20	+0.036%	$21K	$50K	20x	as long as short
Lighter DELLshort	+0.0032%	1h	578.89	+0.156%	$34K	$12K	10x
Injective DELL/USDC PERP	+0.0033%	1h	571.67	−1.093%	$8K	$83K	12x	as long as short
KuCoin DELLUSDTM	+0.0100%	8h	578.36	+0.064%	$948K	$30K	20x	as long as short
Orderly PERP_DELL_USDC_mythos	+0.0100%	8h	579.62	+0.282%	$3K	$336	10x	as long as short
HTX DELL-USDT	+0.0100%	8h	579.45	+0.253%	$18K	$58K	10x	as long as short
Bitget DELLUSDT	+0.0246%	8h	578.86	+0.151%	$3.6M	$4.7M	20x	as long as short
edgeX DELLUSDC	+0.0343%	4h	579.35	+0.236%	$5K	$334K	10x	as long as short
Variational Omni DELL	+0.0382%	8h	579.91	+0.331%	$263K	$82K	—	as long as short
tradeXYZ xyz:DELL	+0.0394%	1h	577.91	−0.014%	$7.4M	$7.0M	10x	as long as short

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin DELL-USDT	+0.0501%	8h	578.89	+0.156%	$320K	$222K	20x	as long as short
Extended DELL-USD	+0.0512%	1h	578.90	+0.157%	$335K	$1.9M	10x	as long as short
Binance DELLUSDT	+0.0524%	8h	579.07	+0.187%	$18.8M	$66.0M	20x	as long as short
Bybit DELLUSDT	+0.0544%	8h	578.62	+0.109%	$6.1M	$3.9M	50x	as long as short
Gate DELL_USDT	+0.0553%	8h	578.47	+0.083%	$4.1M	$7.6M	50x	as long as short
OKX DELL-USDT-SWAP	+0.0674%	8h	578.87	+0.152%	$5.9M	$6.5M	20x	as long as short
Phoenix DELLlong	+0.0790%	1h	577.99	long leg	$3K	$280K	10x
Polymarket Perps DELL-USD	+0.0850%	1h	578.64	+0.112%	$8K	$53K	10x	as long as short
Nado DELL-PERP	+0.0902%	1h	577.73	−0.045%	$69K	$15K	10x	as long as short
GRVT DELL_USDT_Perp	+0.2001%	8h	579.52	+0.265%	$956	$165K	10x	as long as short