Funding you earn now, next payment 00:00 UTC+0.0646%/8h= +70.7% APRnext payment +$0.81 per $10,000 · paid last 24h +0.132%
Price spread now: Phoenix against Lighter−0.095%74s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories
Funding pays, the price is against you. Phoenix is 0.095% cheaper against Lighter than usual: you would sell low and buy high (spread −0.095% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$9 on $10k: about 12 hours of funding at the current rate (+$19 a day). The two prices were read 74 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 | Lighter DELL | 580.36 | 0.0144 | pay 0.0018% / 1h | 48m 05s | $34K | $12K | 10x |
| Short | Phoenix DELL | 579.81 | 0.0790 | get 0.0099% / 1h | 48m 05s | $3K | $280K | 10x |
Lighter DELL
Phoenix DELLFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Lighter. 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
- $135.65
- Price spread: −0.095% → 0.000%
- −$9.48
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $119.17
- Costs to cover
- 0.070%
- Break-even
- 0.9 days
Slippage unknown: Lighter: no order-book sample; Phoenix: live order book, 22 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 Lighter no order-book sample | — | — | — | — | — |
| Sell Phoenix live order book, 22 min ago | 2.60 bp | 9.5 bp −$10 | 19.0 bp −$190 | doesn't fit | doesn't fit |
Lighter: 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 | 579.17 | −0.206% | $21K | $50K | 20x | as long as short |
| Injective DELL/USDC PERP | +0.0033% | 1h | 571.67 | −1.497% | $8K | $83K | 12x | as long as short |
| edgeX DELLUSDC | +0.0078% | 4h | 580.49 | +0.023% | $5K | $333K | 10x | as long as short |
| KuCoin DELLUSDTM | +0.0100% | 8h | 579.42 | −0.162% | $950K | $30K | 20x | as long as short |
| Orderly PERP_DELL_USDC_mythos | +0.0100% | 8h | 581.04 | +0.117% | $3K | $336 | 10x | as long as short |
| HTX DELL-USDT | +0.0100% | 8h | 580.85 | +0.084% | $18K | $58K | 10x | as long as short |
| Lighter DELLlong | +0.0144% | 1h | 580.36 | long leg | $34K | $12K | 10x | |
| Bitget DELLUSDT | +0.0190% | 8h | 580.24 | −0.021% | $3.5M | $4.7M | 20x | as long as short |
| Variational Omni DELL | +0.0301% | 8h | 580.40 | +0.007% | $262K | $81K | — | as long as short |
| BloFin DELL-USDT | +0.0413% | 8h | 580.46 | +0.017% | $319K | $223K | 20x | as long as short |
Aster DELLUSDT
Injective DELL/USDC PERP
edgeX DELLUSDC
KuCoin DELLUSDTM
Orderly PERP_DELL_USDC_mythos
HTX DELL-USDT
Bitget DELLUSDT
Variational Omni DELL
BloFin DELL-USDTShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance DELLUSDT | +0.0437% | 8h | 580.71 | +0.060% | $18.8M | $66.0M | 20x | as long as short |
| Extended DELL-USD | +0.0440% | 1h | 580.59 | +0.040% | $335K | $1.3M | 10x | as long as short |
| tradeXYZ xyz:DELL | +0.0541% | 1h | 579.67 | −0.119% | $7.4M | $7.0M | 10x | as long as short |
| OKX DELL-USDT-SWAP | +0.0636% | 8h | 580.64 | +0.048% | $5.9M | $6.5M | 20x | as long as short |
| Bybit DELLUSDT | +0.0733% | 8h | 580.23 | −0.022% | $6.2M | $3.9M | 50x | as long as short |
| Gate DELL_USDT | +0.0767% | 8h | 580.13 | −0.040% | $4.2M | $7.5M | 50x | as long as short |
| Phoenix DELLshort | +0.0790% | 1h | 579.81 | −0.095% | $3K | $280K | 10x | |
| Nado DELL-PERP | +0.0875% | 1h | 578.68 | −0.289% | $69K | $13K | 10x | as long as short |
| Polymarket Perps DELL-USD | +0.1061% | 1h | 580.40 | +0.007% | $9K | $53K | 10x | as long as short |
| GRVT DELL_USDT_Perp | +0.1754% | 8h | 580.55 | +0.033% | $1K | $167K | 10x | as long as short |
Binance DELLUSDT
Extended DELL-USD
tradeXYZ xyz:DELL
OKX DELL-USDT-SWAP
Bybit DELLUSDT
Gate DELL_USDT
Nado DELL-PERP
Polymarket Perps DELL-USD
GRVT DELL_USDT_Perp