Funding you earn now, next payment 04:00 UTC−0.0219%/8h= −24.0% APRnext payment −$0.27 per $10,000 · paid last 24h −0.045%
Price spread now: Nado against Phoenix−0.058%57s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Nado is 0.058% cheaper against Phoenix than usual: you would sell low and buy high (−$6 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 57 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 | 574.68 | 0.1040 | pay 0.0130% / 1h | 27m 56s | $3K | $260K | 10x |
| Short | Nado DELL-PERP | 574.35 | 0.0821 | get 0.0103% / 1h | 27m 56s | $69K | $20K | 10x |
Phoenix DELL
Nado DELL-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Nado 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
- −$45.94
- Price spread: −0.058% → 0.000%
- −$5.75
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- −$65.69
- Costs to cover
- 0.140%
- Break-even
- never at this rate
Slippage unknown: Phoenix: live order book, 22 min ago; Nado: 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, 22 min ago | 2.78 bp | 9.6 bp −$10 | 19.3 bp −$193 | doesn't fit | doesn't fit |
| Sell Nado no order-book sample | — | — | — | — | — |
Nado: 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 | 574.67 | −0.002% | $20K | $50K | 20x | as long as short |
| Gate DELL_USDT | 0.0000% | 8h | 575.07 | +0.068% | $4.1M | $7.2M | 50x | as long as short |
| Bitget DELLUSDT | 0.0000% | 8h | 575.35 | +0.117% | $3.6M | $4.7M | 20x | as long as short |
| Lighter DELL | +0.0032% | 1h | 575.37 | +0.120% | $34K | $13K | 10x | as long as short |
| Injective DELL/USDC PERP | +0.0033% | 1h | 571.67 | −0.524% | $8K | $83K | 12x | as long as short |
| tradeXYZ xyz:DELL | +0.0050% | 1h | 574.90 | +0.038% | $7.6M | $7.0M | 10x | as long as short |
| Polymarket Perps DELL-USD | +0.0051% | 1h | 575.06 | +0.066% | $7K | $54K | 10x | as long as short |
| edgeX DELLUSDC | +0.0055% | 4h | 575.05 | +0.065% | $5K | $335K | 10x | as long as short |
| KuCoin DELLUSDTM | +0.0100% | 8h | 574.67 | −0.002% | $941K | $29K | 20x | as long as short |
| Orderly PERP_DELL_USDC_mythos | +0.0100% | 8h | 575.84 | +0.202% | $3K | $336 | 10x | as long as short |
Aster DELLUSDT
Gate DELL_USDT
Bitget DELLUSDT
Lighter DELL
Injective DELL/USDC PERP
tradeXYZ xyz:DELL
Polymarket Perps DELL-USD
edgeX DELLUSDC
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 | 575.00 | +0.056% | $17K | $59K | 10x | as long as short |
| Bybit DELLUSDT | +0.0201% | 8h | 574.92 | +0.042% | $6.1M | $3.9M | 50x | as long as short |
| OKX DELL-USDT-SWAP | +0.0391% | 8h | 575.02 | +0.059% | $5.8M | $6.7M | 20x | as long as short |
| Variational Omni DELL | +0.0612% | 8h | 575.14 | +0.081% | $262K | $63K | — | as long as short |
| GRVT DELL_USDT_Perp | +0.0626% | 8h | 575.05 | +0.065% | $897 | $153K | 10x | as long as short |
| BloFin DELL-USDT | +0.0678% | 8h | 575.16 | +0.084% | $322K | $220K | 20x | as long as short |
| Extended DELL-USD | +0.0704% | 1h | 575.12 | +0.076% | $333K | $1.2M | 10x | as long as short |
| Binance DELLUSDT | +0.0704% | 8h | 575.27 | +0.102% | $18.5M | $66.0M | 20x | as long as short |
| Nado DELL-PERPshort | +0.0821% | 1h | 574.35 | −0.058% | $69K | $20K | 10x | |
| Phoenix DELLlong | +0.1040% | 1h | 574.68 | long leg | $3K | $260K | 10x |
HTX DELL-USDT
Bybit DELLUSDT
OKX DELL-USDT-SWAP
Variational Omni DELL
GRVT DELL_USDT_Perp
BloFin DELL-USDT
Extended DELL-USD
Binance DELLUSDT