Funding you earn now, next payment 07:00 UTC+0.0481%/8h= +52.6% APRpaid last 24h +0.136%
Price spread now: Phoenix against Binance−0.083%55s7-day average +0.025% · you buy dearer than you sell
Net, funding: paid 7d − costs+$32as 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−$390.387% of the position
Funding, last 7 days+0.710%+$71 on $10k
+Price spread, last 4 days (all we have)+0.441%+$44 · spread now −0.083%, 7d avg +0.025%
=Funding pays, the price is against you. Phoenix is 0.109% cheaper against Binance than usual: you would sell low and buy high (spread −0.083% now, against its 7-day average of +0.025%). If the spread goes back, that is −$11 on $10k: about 18 hours of funding at the current rate (+$14 a day). The two prices were read 55 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 | Binance DELLUSDT | 573.04 | 0.0412 | pay 0.0412% / 8h | 10m 28s | $18.3M | $66.6M | 20x |
| Short | Phoenix DELL | 572.56 | 0.0893 | get 0.0112% / 1h | 10m 28s | $3K | $228K | 10x |
Binance DELLUSDT
Phoenix DELLFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Binance. 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
- $100.95
- Price spread: −0.083% → +0.025%
- −$10.87
- Slippage, 4 orders
- −$21.67
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $51.41
- Costs to cover
- 0.387%
- Break-even
- 3.4 days
Slippage from Binance: live order book, 2 min ago; Phoenix: live order book, 25 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 Binance live order book, 2 min ago | 0.35 bp | 10.4 bp −$10 | 31.8 bp −$318 | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 25 min ago | 2.79 bp | 9.9 bp −$10 | 20.0 bp −$200 | 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 | 572.46 | −0.102% | $20K | $49K | 20x | as long as short |
| Gate DELL_USDT | 0.0000% | 8h | 572.97 | −0.012% | $4.1M | $7.0M | 50x | as long as short |
| Bitget DELLUSDT | 0.0000% | 8h | 573.09 | +0.009% | $3.6M | $4.6M | 20x | as long as short |
| Bybit DELLUSDT | +0.0019% | 8h | 572.86 | −0.031% | $6.1M | $4.0M | 50x | as long as short |
| Lighter DELL | +0.0032% | 1h | 573.35 | +0.054% | $34K | $12K | 10x | as long as short |
| Injective DELL/USDC PERP | +0.0033% | 1h | 571.67 | −0.239% | $8K | $83K | 12x | as long as short |
| tradeXYZ xyz:DELL | +0.0084% | 1h | 572.36 | −0.118% | $7.5M | $6.9M | 10x | as long as short |
| KuCoin DELLUSDTM | +0.0100% | 8h | 572.40 | −0.111% | $938K | $34K | 20x | as long as short |
| Orderly PERP_DELL_USDC_mythos | +0.0100% | 8h | 573.39 | +0.061% | $3K | $336 | 10x | as long as short |
| HTX DELL-USDT | +0.0100% | 8h | 572.30 | −0.129% | $17K | $58K | 10x | as long as short |
Aster DELLUSDT
Gate DELL_USDT
Bitget DELLUSDT
Bybit DELLUSDT
Lighter DELL
Injective DELL/USDC PERP
tradeXYZ xyz:DELL
KuCoin DELLUSDTM
Orderly PERP_DELL_USDC_mythos
HTX DELL-USDTShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Polymarket Perps DELL-USD | +0.0119% | 1h | 572.90 | −0.024% | $7K | $55K | 10x | as long as short |
| OKX DELL-USDT-SWAP | +0.0183% | 8h | 572.96 | −0.014% | $5.9M | $6.7M | 20x | as long as short |
| Variational Omni DELL | +0.0305% | 8h | 572.92 | −0.021% | $259K | $61K | — | as long as short |
| BloFin DELL-USDT | +0.0385% | 8h | 573.03 | −0.001% | $325K | $233K | 20x | as long as short |
| Binance DELLUSDTlong | +0.0412% | 8h | 573.04 | long leg | $18.3M | $66.6M | 20x | |
| Extended DELL-USD | +0.0416% | 1h | 572.95 | −0.016% | $332K | $2.6M | 10x | as long as short |
| edgeX DELLUSDC | +0.0448% | 4h | 572.66 | −0.066% | $5K | $335K | 10x | as long as short |
| GRVT DELL_USDT_Perp | +0.0459% | 8h | 573.14 | +0.018% | $728 | $146K | 10x | as long as short |
| Nado DELL-PERP | +0.0648% | 1h | 572.46 | −0.101% | $69K | $20K | 10x | as long as short |
| Phoenix DELLshort | +0.0893% | 1h | 572.56 | −0.083% | $3K | $228K | 10x |
Polymarket Perps DELL-USD
OKX DELL-USDT-SWAP
Variational Omni DELL
BloFin DELL-USDT
Extended DELL-USD
edgeX DELLUSDC
GRVT DELL_USDT_Perp
Nado DELL-PERP