Funding you earn now, next payment 08:00 UTC+0.0760%/8h= +83.2% APRnext payment +$0.95 per $10,000 · paid last 24h +0.133%
Price spread now: Phoenix against Polymarket Perps+0.065%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.425%+$43 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$23 a day on $10k at the current rate, and Phoenix is 0.065% dearer against Polymarket Perps than usual: you sell high and buy low: +$6 more if the spread goes back to zero (this spread has no 7-day history yet).
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.425% in total (about 22.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.95 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 | Polymarket Perps DELL-USD | 572.15 | 0.0050 | pay 0.0006% / 1h | 47m 06s | $7K | $55K | 10x |
| Short | Phoenix DELL | 572.52 | 0.0810 | get 0.0101% / 1h | 47m 06s | $3K | $228K | 10x |
Polymarket Perps DELL-USD
Phoenix DELLFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Polymarket Perps. 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
- $159.61
- Price spread: +0.065% → 0.000%
- $6.47
- Slippage, 4 orders
- no order book: not counted
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $151.08
- Costs to cover
- 0.150%
- Break-even
- 0.4 days
Slippage unknown: Polymarket Perps: no order-book sample; Phoenix: live order book, 48 min ago. 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 Polymarket Perps no order-book sample | — | — | — | — | — |
| Sell Phoenix live order book, 48 min ago | 2.79 bp | 9.9 bp −$10 | 20.0 bp −$200 | doesn't fit | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:DELL | −0.0020% | 1h | 572.01 | −0.024% | $7.5M | $6.8M | 10x | as long as short |
| Aster DELLUSDT | 0.0000% | 8h | 572.37 | +0.038% | $20K | $49K | 20x | as long as short |
| Bybit DELLUSDT | 0.0000% | 8h | 572.53 | +0.066% | $6.1M | $4.0M | 50x | as long as short |
| Gate DELL_USDT | 0.0000% | 8h | 572.17 | +0.003% | $4.1M | $6.7M | 50x | as long as short |
| Bitget DELLUSDT | 0.0000% | 8h | 572.13 | −0.003% | $3.7M | $4.6M | 20x | as long as short |
| GRVT DELL_USDT_Perp | 0.0000% | 8h | 572.82 | +0.118% | $1K | $145K | 10x | as long as short |
| Lighter DELL | +0.0032% | 1h | 572.24 | +0.016% | $33K | $12K | 10x | as long as short |
| Injective DELL/USDC PERP | +0.0033% | 1h | 571.67 | −0.084% | $8K | $83K | 12x | as long as short |
| Polymarket Perps DELL-USDlong | +0.0050% | 1h | 572.15 | long leg | $7K | $55K | 10x | |
| KuCoin DELLUSDTM | +0.0100% | 8h | 572.12 | −0.005% | $938K | $54K | 20x | as long as short |
tradeXYZ xyz:DELL
Aster DELLUSDT
Bybit DELLUSDT
Gate DELL_USDT
Bitget DELLUSDT
GRVT DELL_USDT_Perp
Lighter DELL
Injective DELL/USDC PERP
KuCoin DELLUSDTMShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_DELL_USDC_mythos | +0.0100% | 8h | 572.73 | +0.101% | $3K | $336 | 10x | as long as short |
| HTX DELL-USDT | +0.0100% | 8h | 573.06 | +0.159% | $18K | $58K | 10x | as long as short |
| OKX DELL-USDT-SWAP | +0.0142% | 8h | 571.98 | −0.030% | $5.8M | $6.7M | 20x | as long as short |
| Variational Omni DELL | +0.0269% | 8h | 573.30 | +0.201% | $259K | $61K | — | as long as short |
| Binance DELLUSDT | +0.0356% | 8h | 572.33 | +0.031% | $18.3M | $66.1M | 20x | as long as short |
| Extended DELL-USD | +0.0360% | 1h | 572.28 | +0.024% | $335K | $2.6M | 10x | as long as short |
| BloFin DELL-USDT | +0.0366% | 8h | 572.61 | +0.080% | $324K | $231K | 20x | as long as short |
| Nado DELL-PERP | +0.0499% | 1h | 572.30 | +0.026% | $69K | $20K | 10x | as long as short |
| edgeX DELLUSDC | +0.0716% | 4h | 572.79 | +0.111% | $5K | $335K | 10x | as long as short |
| Phoenix DELLshort | +0.0810% | 1h | 572.52 | +0.065% | $3K | $228K | 10x |
Orderly PERP_DELL_USDC_mythos
HTX DELL-USDT
OKX DELL-USDT-SWAP
Variational Omni DELL
Binance DELLUSDT
Extended DELL-USD
BloFin DELL-USDT
Nado DELL-PERP
edgeX DELLUSDC