Funding you earn now, next payment 02:00 UTC+0.0673%/8h= +73.7% APRnext payment +$0.84 per $10,000 · paid last 24h +0.137%
Price spread now: Phoenix against tradeXYZ+0.130%61s7-day average +0.079% · you sell dearer than you buy
Net, funding: paid 7d − costs+$16as 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−$440.442% of the position
Funding, last 7 days+0.607%+$61 on $10k
+Price spread, last 4 days (all we have)−0.056%−$6 · spread now +0.130%, 7d avg +0.079%
=Together, before fees+0.550%+ Points / potential airdroptradeXYZ: Active · farm board+$55 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$20 a day on $10k at the current rate, and Phoenix is 0.052% dearer against tradeXYZ than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.079%. The two prices were read 61 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 | tradeXYZ xyz:DELL | 576.90 | 0.0050 | pay 0.0006% / 1h | 2m 20s | $7.5M | $7.0M | 10x |
| Short | Phoenix DELL | 577.65 | 0.0723 | get 0.0090% / 1h | 2m 20s | $3K | $258K | 10x |
tradeXYZ xyz:DELL
Phoenix DELLFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against tradeXYZ. 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
- $141.26
- Price spread: +0.130% → +0.079%
- $5.15
- Slippage, 4 orders
- −$19.19
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $102.22
- Costs to cover
- 0.442%
- Break-even
- 1.9 days
Slippage from tradeXYZ: live order book, 6 min ago; Phoenix: live order book, 58 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 tradeXYZ live order book, 6 min ago | 1.13 bp | 12.4 bp −$12 | doesn't fit | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 58 min ago | 2.61 bp | 9.4 bp −$9 | 18.7 bp −$187 | 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 | 577.24 | +0.060% | $21K | $50K | 20x | as long as short |
| Gate DELL_USDT | 0.0000% | 8h | 577.46 | +0.097% | $4.1M | $7.3M | 50x | as long as short |
| Bitget DELLUSDT | 0.0000% | 8h | 577.15 | +0.043% | $3.6M | $4.6M | 20x | as long as short |
| Bybit DELLUSDT | +0.0002% | 8h | 577.46 | +0.097% | $6.1M | $3.9M | 50x | as long as short |
| Lighter DELL | +0.0032% | 1h | 577.91 | +0.175% | $34K | $13K | 10x | as long as short |
| Injective DELL/USDC PERP | +0.0033% | 1h | 571.67 | −0.907% | $8K | $83K | 12x | as long as short |
| tradeXYZ xyz:DELLlong | +0.0050% | 1h | 576.90 | long leg | $7.5M | $7.0M | 10x | |
| Polymarket Perps DELL-USD | +0.0050% | 1h | 577.26 | +0.062% | $7K | $54K | 10x | as long as short |
| KuCoin DELLUSDTM | +0.0100% | 8h | 577.14 | +0.042% | $946K | $29K | 20x | as long as short |
| Orderly PERP_DELL_USDC_mythos | +0.0100% | 8h | 578.04 | +0.198% | $3K | $336 | 10x | as long as short |
Aster DELLUSDT
Gate DELL_USDT
Bitget DELLUSDT
Bybit DELLUSDT
Lighter DELL
Injective DELL/USDC PERP
Polymarket Perps DELL-USD
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 | 578.00 | +0.191% | $17K | $58K | 10x | as long as short |
| OKX DELL-USDT-SWAP | +0.0452% | 8h | 577.29 | +0.068% | $5.8M | $6.6M | 20x | as long as short |
| GRVT DELL_USDT_Perp | +0.0480% | 8h | 577.96 | +0.184% | $902 | $151K | 10x | as long as short |
| edgeX DELLUSDC | +0.0499% | 4h | 577.81 | +0.158% | $5K | $334K | 10x | as long as short |
| Variational Omni DELL | +0.0513% | 8h | 577.78 | +0.153% | $264K | $86K | — | as long as short |
| Binance DELLUSDT | +0.0611% | 8h | 577.53 | +0.109% | $18.7M | $65.0M | 20x | as long as short |
| Extended DELL-USD | +0.0616% | 1h | 577.32 | +0.072% | $335K | $1.2M | 10x | as long as short |
| BloFin DELL-USDT | +0.0632% | 8h | 577.50 | +0.104% | $275K | $220K | 20x | as long as short |
| Nado DELL-PERP | +0.0673% | 1h | 577.18 | +0.049% | $69K | $18K | 10x | as long as short |
| Phoenix DELLshort | +0.0723% | 1h | 577.65 | +0.130% | $3K | $258K | 10x |
HTX DELL-USDT
OKX DELL-USDT-SWAP
GRVT DELL_USDT_Perp
edgeX DELLUSDC
Variational Omni DELL
Binance DELLUSDT
Extended DELL-USD
BloFin DELL-USDT
Nado DELL-PERP