Funding you earn now, next payment 04:00 UTC+0.0940%/8h= +102.9% APRpaid last 24h +0.126%
Price spread now: Phoenix against KuCoin−0.047%48s7-day average +0.060% · you buy dearer than you sell
Net, funding: paid 7d − costs−$320as 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−$3703.705% of the position
Funding, last 7 days+0.501%+$50 on $10k
+Price spread, last 4 days (all we have)+0.097%+$10 · spread now −0.047%, 7d avg +0.060%
=Funding pays, the price is against you. Phoenix is 0.107% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.047% now, against its 7-day average of +0.060%). If the spread goes back, that is −$11 on $10k: about 9 hours of funding at the current rate (+$28 a day). At the pace of the last 7 days (+0.501% in total) that is about 36 hours. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.501% in total (about 26.1% a year). A funding rate is set anew for every payment. 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 | KuCoin DELLUSDTM | 572.73 | 0.0100 | pay 0.0100% / 8h | 3h 04m | $938K | $29K | 20x |
| Short | Phoenix DELL | 572.46 | 0.1040 | get 0.0130% / 1h | 4m 40s | $3K | $260K | 10x |
KuCoin DELLUSDTM
Phoenix DELLFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against KuCoin. 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
- $197.4
- Price spread: −0.047% → +0.060%
- −$10.7
- Slippage, 4 orders
- −$351.5
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$183.79
- Costs to cover
- 3.705%
- Break-even
- 13.5 days
Slippage from KuCoin: live order book, 40 min ago; Phoenix: live order book, 46 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 KuCoin live order book, 40 min ago | 16.00 bp | 213.6 bp −$214 | doesn't fit | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 46 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 | 572.76 | +0.006% | $20K | $50K | 20x | as long as short |
| Gate DELL_USDT | 0.0000% | 8h | 573.20 | +0.082% | $4.1M | $7.3M | 50x | as long as short |
| Bitget DELLUSDT | 0.0000% | 8h | 573.19 | +0.080% | $3.6M | $4.7M | 20x | as long as short |
| Lighter DELL | +0.0032% | 1h | 573.48 | +0.131% | $34K | $13K | 10x | as long as short |
| Injective DELL/USDC PERP | +0.0033% | 1h | 571.67 | −0.185% | $8K | $83K | 12x | as long as short |
| tradeXYZ xyz:DELL | +0.0050% | 1h | 572.75 | +0.003% | $7.5M | $7.0M | 10x | as long as short |
| Polymarket Perps DELL-USD | +0.0050% | 1h | 573.02 | +0.051% | $7K | $54K | 10x | as long as short |
| KuCoin DELLUSDTMlong | +0.0100% | 8h | 572.73 | long leg | $938K | $29K | 20x | |
| Orderly PERP_DELL_USDC_mythos | +0.0100% | 8h | 573.73 | +0.175% | $3K | $336 | 10x | as long as short |
| HTX DELL-USDT | +0.0100% | 8h | 573.75 | +0.178% | $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
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 | +0.0140% | 8h | 573.05 | +0.056% | $6.1M | $3.9M | 50x | as long as short |
| edgeX DELLUSDC | +0.0178% | 4h | 572.65 | −0.014% | $5K | $333K | 10x | as long as short |
| OKX DELL-USDT-SWAP | +0.0337% | 8h | 573.20 | +0.082% | $5.8M | $6.6M | 20x | as long as short |
| GRVT DELL_USDT_Perp | +0.0547% | 8h | 573.05 | +0.055% | $802 | $151K | 10x | as long as short |
| Variational Omni DELL | +0.0557% | 8h | 573.52 | +0.138% | $261K | $61K | — | as long as short |
| Binance DELLUSDT | +0.0653% | 8h | 573.37 | +0.112% | $18.5M | $66.3M | 20x | as long as short |
| BloFin DELL-USDT | +0.0655% | 8h | 573.30 | +0.100% | $321K | $219K | 20x | as long as short |
| Extended DELL-USD | +0.0656% | 1h | 573.18 | +0.078% | $333K | $1.1M | 10x | as long as short |
| Nado DELL-PERP | +0.0773% | 1h | 572.55 | −0.032% | $69K | $20K | 10x | as long as short |
| Phoenix DELLshort | +0.1040% | 1h | 572.46 | −0.047% | $3K | $260K | 10x |
Bybit DELLUSDT
edgeX DELLUSDC
OKX DELL-USDT-SWAP
GRVT DELL_USDT_Perp
Variational Omni DELL
Binance DELLUSDT
BloFin DELL-USDT
Extended DELL-USD
Nado DELL-PERP