Funding you earn now, next payment 04:00 UTC+0.0358%/8h= +39.1% APRpaid last 24h +0.119%
Price spread now: Phoenix against BloFin−0.157%7-day average +0.015% · you buy dearer than you sell
Net, funding: paid 7d − costs+$30as in the Funding arb table
Net, price: spread back to 7d avg − costs−$57as in the Price arb table
costs, in and out, $10k−$400.398% of the position
Funding, last 7 days+0.694%+$69 on $10k
+Price spread, last 4 days (all we have)+0.266%+$27 · spread now −0.157%, 7d avg +0.015%
=Funding pays, the price is against you. Phoenix is 0.172% cheaper against BloFin than usual: you would sell low and buy high (spread −0.157% now, against its 7-day average of +0.015%). If the spread goes back, that is −$17 on $10k: about 38 hours of funding at the current rate (+$11 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin DELL-USDT | 574.51 | 0.0683 | pay 0.0683% / 8h | 3h 13m | $322K | $220K | 20x |
| Short | Phoenix DELL | 573.61 | 0.1040 | get 0.0130% / 1h | 13m 48s | $3K | $260K | 10x |
BloFin DELL-USDT
Phoenix DELLFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against BloFin. 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
- $75.08
- Price spread: −0.157% → +0.015%
- −$17.2
- Slippage, 4 orders
- −$20.83
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $18.04
- Costs to cover
- 0.398%
- Break-even
- 5.3 days
Slippage from BloFin: live order book, 16 min ago; Phoenix: live order book, 36 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 BloFin live order book, 16 min ago | 0.09 bp | 10.8 bp −$11 | doesn't fit | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 36 min ago | 2.78 bp | 9.6 bp −$10 | 19.3 bp −$193 | 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 | 573.47 | −0.181% | $20K | $50K | 20x | as long as short |
| Gate DELL_USDT | 0.0000% | 8h | 573.88 | −0.110% | $4.1M | $7.3M | 50x | as long as short |
| Bitget DELLUSDT | 0.0000% | 8h | 573.90 | −0.106% | $3.6M | $4.7M | 20x | as long as short |
| Lighter DELL | +0.0032% | 1h | 574.10 | −0.071% | $34K | $13K | 10x | as long as short |
| Injective DELL/USDC PERP | +0.0033% | 1h | 571.67 | −0.494% | $8K | $83K | 12x | as long as short |
| tradeXYZ xyz:DELL | +0.0050% | 1h | 573.59 | −0.160% | $7.5M | $7.0M | 10x | as long as short |
| Polymarket Perps DELL-USD | +0.0050% | 1h | 573.78 | −0.127% | $7K | $54K | 10x | as long as short |
| KuCoin DELLUSDTM | +0.0100% | 8h | 573.55 | −0.167% | $940K | $29K | 20x | as long as short |
| Orderly PERP_DELL_USDC_mythos | +0.0100% | 8h | 574.41 | −0.017% | $3K | $336 | 10x | as long as short |
| HTX DELL-USDT | +0.0100% | 8h | 574.41 | −0.017% | $17K | $59K | 10x | as long as short |
Aster DELLUSDT
Gate DELL_USDT
Bitget DELLUSDT
Lighter DELL
Injective DELL/USDC PERP
tradeXYZ xyz:DELL
Polymarket Perps DELL-USD
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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit DELLUSDT | +0.0160% | 8h | 573.88 | −0.110% | $6.1M | $3.9M | 50x | as long as short |
| OKX DELL-USDT-SWAP | +0.0356% | 8h | 574.08 | −0.075% | $5.8M | $6.6M | 20x | as long as short |
| GRVT DELL_USDT_Perp | +0.0574% | 8h | 573.79 | −0.125% | $821 | $152K | 10x | as long as short |
| Variational Omni DELL | +0.0577% | 8h | 574.06 | −0.078% | $262K | $62K | — | as long as short |
| edgeX DELLUSDC | +0.0623% | 4h | 573.90 | −0.107% | $5K | $335K | 10x | as long as short |
| Binance DELLUSDT | +0.0671% | 8h | 574.07 | −0.076% | $18.5M | $66.1M | 20x | as long as short |
| Extended DELL-USD | +0.0672% | 1h | 573.92 | −0.103% | $333K | $1.2M | 10x | as long as short |
| BloFin DELL-USDTlong | +0.0683% | 8h | 574.51 | long leg | $322K | $220K | 20x | |
| Nado DELL-PERP | +0.0786% | 1h | 573.24 | −0.221% | $69K | $20K | 10x | as long as short |
| Phoenix DELLshort | +0.1040% | 1h | 573.61 | −0.157% | $3K | $260K | 10x |
Bybit DELLUSDT
OKX DELL-USDT-SWAP
GRVT DELL_USDT_Perp
Variational Omni DELL
edgeX DELLUSDC
Binance DELLUSDT
Extended DELL-USD
Nado DELL-PERP