Funding you earn now, next payment 06:00 UTC−0.0688%/8h= −75.3% APRnext payment −$0.86 per $10,000 · paid last 24h −0.123%
Price spread now: Polymarket Perps against Phoenix+0.065%59s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.414%−$41 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
The price spread pays, funding is against you. Polymarket Perps is 0.065% dearer against Phoenix than usual: you sell high and buy low (spread +0.065% now, against zero (this spread has no 7-day history yet)): +$6 on $10k if it goes back. Holding the pair costs −$21 a day in funding at the current rate, which eats that in about 8 hours. At the pace of the last 7 days (−0.414% in total) that is about 26 hours. The two prices were read 59 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.414% in total (about -21.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.86 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 | 572.21 | 0.0863 | pay 0.0108% / 1h | 32m 02s | $3K | $228K | 10x |
| Short | Polymarket Perps DELL-USD | 572.58 | 0.0175 | get 0.0022% / 1h | 32m 02s | $7K | $54K | 10x |
Phoenix DELL
Polymarket Perps DELL-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket Perps 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
- −$144.46
- Price spread: +0.065% → 0.000%
- $6.47
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$152.99
- Costs to cover
- 0.150%
- Break-even
- never at this rate
Slippage unknown: Phoenix: live order book, 8 min ago; Polymarket Perps: 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, 8 min ago | 2.62 bp | 9.6 bp −$10 | 19.1 bp −$191 | doesn't fit | doesn't fit |
| Sell Polymarket Perps no order-book sample | — | — | — | — | — |
Polymarket Perps: 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 | 572.16 | −0.009% | $20K | $50K | 20x | as long as short |
| Gate DELL_USDT | 0.0000% | 8h | 572.67 | +0.080% | $4.1M | $7.2M | 50x | as long as short |
| Bitget DELLUSDT | 0.0000% | 8h | 572.79 | +0.101% | $3.6M | $4.7M | 20x | as long as short |
| Lighter DELL | +0.0032% | 1h | 573.06 | +0.149% | $33K | $12K | 10x | as long as short |
| Injective DELL/USDC PERP | +0.0033% | 1h | 571.67 | −0.094% | $8K | $83K | 12x | as long as short |
| tradeXYZ xyz:DELL | +0.0073% | 1h | 572.22 | +0.002% | $7.5M | $7.0M | 10x | as long as short |
| KuCoin DELLUSDTM | +0.0100% | 8h | 572.24 | +0.005% | $937K | $28K | 20x | as long as short |
| Orderly PERP_DELL_USDC_mythos | +0.0100% | 8h | 573.22 | +0.177% | $3K | $336 | 10x | as long as short |
| HTX DELL-USDT | +0.0100% | 8h | 572.96 | +0.131% | $17K | $58K | 10x | as long as short |
| Bybit DELLUSDT | +0.0132% | 8h | 572.68 | +0.082% | $6.1M | $4.0M | 50x | as long as short |
Aster DELLUSDT
Gate DELL_USDT
Bitget DELLUSDT
Lighter DELL
Injective DELL/USDC PERP
tradeXYZ xyz:DELL
KuCoin DELLUSDTM
Orderly PERP_DELL_USDC_mythos
HTX DELL-USDT
Bybit DELLUSDTShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Polymarket Perps DELL-USDshort | +0.0175% | 1h | 572.58 | +0.065% | $7K | $54K | 10x | |
| OKX DELL-USDT-SWAP | +0.0270% | 8h | 572.97 | +0.133% | $5.8M | $6.7M | 20x | as long as short |
| Variational Omni DELL | +0.0506% | 8h | 572.51 | +0.052% | $258K | $61K | — | as long as short |
| GRVT DELL_USDT_Perp | +0.0559% | 8h | 572.47 | +0.045% | $641 | $148K | 10x | as long as short |
| Binance DELLUSDT | +0.0590% | 8h | 572.82 | +0.107% | $18.3M | $67.0M | 20x | as long as short |
| Extended DELL-USD | +0.0592% | 1h | 572.68 | +0.082% | $337K | $1.1M | 10x | as long as short |
| BloFin DELL-USDT | +0.0606% | 8h | 572.99 | +0.136% | $322K | $233K | 20x | as long as short |
| edgeX DELLUSDC | +0.0776% | 4h | 572.51 | +0.052% | $5K | $334K | 10x | as long as short |
| Phoenix DELLlong | +0.0863% | 1h | 572.21 | long leg | $3K | $228K | 10x | |
| Nado DELL-PERP | +0.0894% | 1h | 572.09 | −0.021% | $69K | $20K | 10x | as long as short |
OKX DELL-USDT-SWAP
Variational Omni DELL
GRVT DELL_USDT_Perp
Binance DELLUSDT
Extended DELL-USD
BloFin DELL-USDT
edgeX DELLUSDC
Nado DELL-PERP