Funding you earn now, next payment 22:00 UTC−0.0103%/8h= −11.3% APRpaid last 24h −0.120%
Price spread now: OKX against Phoenix+0.103%76s7-day average +0.006% · you sell dearer than you buy
Net, funding: paid 7d − costs−$98as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$390.388% of the position
Funding, last 7 days−0.595%−$59 on $10k
+Price spread, last 3 days (all we have)−0.060%−$6 · spread now +0.103%, 7d avg +0.006%
=The price spread pays, funding is against you. OKX is 0.097% dearer against Phoenix than usual: you sell high and buy low (spread +0.103% now, against its 7-day average of +0.006%): +$10 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 3.1 days. At the pace of the last 7 days (−0.595% in total) that is about 27 hours. The two prices were read 76 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 | 574.97 | 0.0528 | pay 0.0066% / 1h | 16m 10s | $3K | $280K | 10x |
| Short | OKX DELL-USDT-SWAP | 575.56 | 0.0425 | get 0.0425% / 8h | 1h 16m | $5.8M | $6.8M | 20x |
Phoenix DELL
OKX DELL-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- −$21.66
- Price spread: +0.103% → +0.006%
- $9.7
- Slippage, 4 orders
- −$21.77
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$50.72
- Costs to cover
- 0.388%
- Break-even
- never at this rate
Slippage from Phoenix: live order book, 64 min ago; OKX: live order book, 2 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, 64 min ago | 2.61 bp | 9.4 bp −$9 | 18.7 bp −$187 | doesn't fit | doesn't fit |
| Sell OKX live order book, 2 min ago | 0.61 bp | 11.6 bp −$12 | 54.9 bp −$549 | 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 | 575.00 | +0.005% | $21K | $50K | 20x | as long as short |
| Extended DELL-USD | 0.0000% | 1h | 575.45 | +0.084% | $338K | $1.1M | 10x | as long as short |
| Binance DELLUSDT | 0.0000% | 8h | 575.57 | +0.104% | $18.7M | $65.6M | 20x | as long as short |
| Gate DELL_USDT | 0.0000% | 8h | 575.31 | +0.059% | $4.5M | $7.8M | 50x | as long as short |
| Variational Omni DELL | 0.0000% | 8h | 575.68 | +0.124% | $260K | $82K | — | as long as short |
| GRVT DELL_USDT_Perp | 0.0000% | 8h | 575.71 | +0.129% | $708 | $177K | 10x | as long as short |
| BloFin DELL-USDT | +0.0015% | 8h | 575.51 | +0.094% | $318K | $218K | 20x | as long as short |
| Bitget DELLUSDT | +0.0027% | 8h | 575.09 | +0.021% | $3.3M | $4.6M | 20x | as long as short |
| Lighter DELL | +0.0032% | 1h | 575.79 | +0.143% | $34K | $11K | 10x | as long as short |
| Injective DELL/USDC PERP | +0.0033% | 1h | 571.67 | −0.574% | $8K | $83K | 12x | as long as short |
Aster DELLUSDT
Extended DELL-USD
Binance DELLUSDT
Gate DELL_USDT
Variational Omni DELL
GRVT DELL_USDT_Perp
BloFin DELL-USDT
Bitget DELLUSDT
Lighter DELL
Injective DELL/USDC PERPShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:DELL | +0.0050% | 1h | 574.64 | −0.057% | $7.3M | $7.3M | 10x | as long as short |
| KuCoin DELLUSDTM | +0.0100% | 8h | 574.94 | −0.005% | $943K | $32K | 20x | as long as short |
| Orderly PERP_DELL_USDC_mythos | +0.0100% | 8h | 576.02 | +0.183% | $3K | $336 | 10x | as long as short |
| HTX DELL-USDT | +0.0100% | 8h | 576.10 | +0.197% | $18K | $58K | 10x | as long as short |
| Bybit DELLUSDT | +0.0182% | 8h | 575.28 | +0.054% | $5.9M | $3.6M | 50x | as long as short |
| Polymarket Perps DELL-USD | +0.0258% | 1h | 575.27 | +0.052% | $753 | $23K | 10x | as long as short |
| OKX DELL-USDT-SWAPshort | +0.0425% | 8h | 575.56 | +0.103% | $5.8M | $6.8M | 20x | |
| Phoenix DELLlong | +0.0528% | 1h | 574.97 | long leg | $3K | $280K | 10x | |
| Nado DELL-PERP | +0.0687% | 1h | 574.92 | −0.009% | $70K | $13K | 10x | as long as short |
| edgeX DELLUSDC | +0.0756% | 4h | 575.71 | +0.129% | $5K | $333K | 10x | as long as short |
tradeXYZ xyz:DELL
KuCoin DELLUSDTM
Orderly PERP_DELL_USDC_mythos
HTX DELL-USDT
Bybit DELLUSDT
Polymarket Perps DELL-USD
Nado DELL-PERP
edgeX DELLUSDC