Funding you earn now, next payment 05:00 UTC+0.0652%/8h= +71.4% APRnext payment +$0.81 per $10,000 · paid last 24h +0.152%
Price spread now: Phoenix against Injective+0.518%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+0.400%+$40 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 +$20 a day on $10k at the current rate, and Phoenix is 0.518% dearer against Injective than usual: you sell high and buy low: +$52 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 0.400% in total (about 20.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.81 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 | Injective DELL/USDC PERP | 571.67 | 0.0033 | pay 0.0004% / 1h | 46m 47s | $8K | $83K | 12x |
| Short | Phoenix DELL | 574.63 | 0.0685 | get 0.0086% / 1h | 46m 47s | $3K | $260K | 10x |
Injective DELL/USDC PERP
Phoenix DELLFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Injective. 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
- $136.85
- Price spread: +0.518% → 0.000%
- $51.78
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $181.61
- Costs to cover
- 0.070%
- Break-even
- from the start
Slippage unknown: Injective: no order-book sample; Phoenix: live order book, 63 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 Injective no order-book sample | — | — | — | — | — |
| Sell Phoenix live order book, 63 min ago | 2.78 bp | 9.6 bp −$10 | 19.3 bp −$193 | doesn't fit | doesn't fit |
Injective: 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 | 573.80 | +0.373% | $20K | $50K | 20x | as long as short |
| Gate DELL_USDT | 0.0000% | 8h | 574.03 | +0.413% | $4.1M | $7.1M | 50x | as long as short |
| Bitget DELLUSDT | 0.0000% | 8h | 573.96 | +0.401% | $3.6M | $4.7M | 20x | as long as short |
| Lighter DELL | +0.0032% | 1h | 574.50 | +0.495% | $34K | $13K | 10x | as long as short |
| Injective DELL/USDC PERPlong | +0.0033% | 1h | 571.67 | long leg | $8K | $83K | 12x | |
| tradeXYZ xyz:DELL | +0.0050% | 1h | 573.35 | +0.294% | $7.5M | $7.0M | 10x | as long as short |
| Polymarket Perps DELL-USD | +0.0050% | 1h | 573.91 | +0.392% | $7K | $54K | 10x | as long as short |
| KuCoin DELLUSDTM | +0.0100% | 8h | 573.41 | +0.304% | $940K | $29K | 20x | as long as short |
| Orderly PERP_DELL_USDC_mythos | +0.0100% | 8h | 574.55 | +0.504% | $3K | $336 | 10x | as long as short |
| HTX DELL-USDT | +0.0100% | 8h | 574.23 | +0.448% | $17K | $58K | 10x | as long as short |
Aster DELLUSDT
Gate DELL_USDT
Bitget DELLUSDT
Lighter DELL
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 | +0.0111% | 8h | 573.91 | +0.392% | $6.1M | $3.9M | 50x | as long as short |
| edgeX DELLUSDC | +0.0149% | 4h | 574.38 | +0.474% | $5K | $334K | 10x | as long as short |
| OKX DELL-USDT-SWAP | +0.0308% | 8h | 573.86 | +0.383% | $5.8M | $6.7M | 20x | as long as short |
| GRVT DELL_USDT_Perp | +0.0527% | 8h | 574.74 | +0.537% | $1K | $151K | 10x | as long as short |
| Variational Omni DELL | +0.0537% | 8h | 574.73 | +0.535% | $262K | $61K | — | as long as short |
| Binance DELLUSDT | +0.0622% | 8h | 574.08 | +0.421% | $18.4M | $66.3M | 20x | as long as short |
| Extended DELL-USD | +0.0624% | 1h | 573.85 | +0.381% | $333K | $1.1M | 10x | as long as short |
| BloFin DELL-USDT | +0.0651% | 8h | 574.03 | +0.413% | $321K | $231K | 20x | as long as short |
| Phoenix DELLshort | +0.0685% | 1h | 574.63 | +0.518% | $3K | $260K | 10x | |
| Nado DELL-PERP | +0.0814% | 1h | 574.07 | +0.419% | $69K | $20K | 10x | as long as short |
Bybit DELLUSDT
edgeX DELLUSDC
OKX DELL-USDT-SWAP
GRVT DELL_USDT_Perp
Variational Omni DELL
Binance DELLUSDT
Extended DELL-USD
BloFin DELL-USDT
Nado DELL-PERP