Funding you earn now, next payment 02:00 UTC−0.0083%/8h= −9.1% APRpaid last 24h −0.115%
Price spread now: Binance against Phoenix+0.021%7-day average −0.029% · you sell dearer than you buy
Net, funding: paid 7d − costs−$106as in the Funding arb table
Net, price: spread back to 7d avg − costs−$32as in the Price arb table
costs, in and out, $10k−$370.371% of the position
Funding, last 7 days−0.684%−$68 on $10k
+Price spread, last 4 days (all we have)−0.244%−$24 · spread now +0.021%, 7d avg −0.029%
=The price spread pays, funding is against you. Binance is 0.049% dearer against Phoenix than usual: you sell high and buy low (spread +0.021% now, against its 7-day average of −0.029%): +$5 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 48 hours. At the pace of the last 7 days (−0.684% in total) that is about 12 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix DELL | 576.15 | 0.0723 | pay 0.0090% / 1h | 26m 58s | $3K | $258K | 10x |
| Short | Binance DELLUSDT | 576.27 | 0.0640 | get 0.0640% / 8h | 5h 26m | $18.7M | $65.0M | 20x |
Phoenix DELL
Binance DELLUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Phoenix. 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
- −$17.38
- Price spread: +0.021% → −0.029%
- $4.95
- Slippage, 4 orders
- −$20.11
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$49.54
- Costs to cover
- 0.371%
- Break-even
- never at this rate
Slippage from Phoenix: live order book, 33 min ago; Binance: live order book, 15 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 Phoenix live order book, 33 min ago | 2.61 bp | 9.4 bp −$9 | 18.7 bp −$187 | doesn't fit | doesn't fit |
| Sell Binance live order book, 15 min ago | 0.43 bp | 8.6 bp −$9 | 23.5 bp −$235 | 99.1 bp −$9,912 | 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 | 576.10 | −0.009% | $21K | $50K | 20x | as long as short |
| Gate DELL_USDT | 0.0000% | 8h | 576.17 | +0.003% | $4.1M | $7.3M | 50x | as long as short |
| Bitget DELLUSDT | 0.0000% | 8h | 576.17 | +0.003% | $3.6M | $4.6M | 20x | as long as short |
| Bybit DELLUSDT | +0.0022% | 8h | 576.16 | +0.002% | $6.1M | $3.9M | 50x | as long as short |
| Lighter DELL | +0.0032% | 1h | 576.71 | +0.097% | $34K | $12K | 10x | as long as short |
| Injective DELL/USDC PERP | +0.0033% | 1h | 571.67 | −0.778% | $8K | $83K | 12x | as long as short |
| tradeXYZ xyz:DELL | +0.0050% | 1h | 575.69 | −0.080% | $7.5M | $7.0M | 10x | as long as short |
| Polymarket Perps DELL-USD | +0.0050% | 1h | 575.98 | −0.030% | $7K | $54K | 10x | as long as short |
| KuCoin DELLUSDTM | +0.0100% | 8h | 575.91 | −0.042% | $944K | $30K | 20x | as long as short |
| Orderly PERP_DELL_USDC_mythos | +0.0100% | 8h | 576.83 | +0.118% | $3K | $336 | 10x | as long as short |
Aster DELLUSDT
Gate DELL_USDT
Bitget DELLUSDT
Bybit DELLUSDT
Lighter DELL
Injective DELL/USDC PERP
tradeXYZ xyz:DELL
Polymarket Perps DELL-USD
KuCoin DELLUSDTM
Orderly PERP_DELL_USDC_mythosShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX DELL-USDT | +0.0100% | 8h | 576.32 | +0.030% | $17K | $58K | 10x | as long as short |
| edgeX DELLUSDC | +0.0416% | 4h | 576.34 | +0.033% | $5K | $332K | 10x | as long as short |
| OKX DELL-USDT-SWAP | +0.0508% | 8h | 576.31 | +0.028% | $5.8M | $6.6M | 20x | as long as short |
| Variational Omni DELL | +0.0538% | 8h | 576.47 | +0.056% | $263K | $86K | — | as long as short |
| GRVT DELL_USDT_Perp | +0.0592% | 8h | 576.61 | +0.079% | $1K | $152K | 10x | as long as short |
| Binance DELLUSDTshort | +0.0640% | 8h | 576.27 | +0.021% | $18.7M | $65.0M | 20x | |
| Extended DELL-USD | +0.0640% | 1h | 576.12 | −0.006% | $339K | $1.2M | 10x | as long as short |
| BloFin DELL-USDT | +0.0643% | 8h | 576.50 | +0.061% | $321K | $220K | 20x | as long as short |
| Nado DELL-PERP | +0.0683% | 1h | 576.16 | +0.001% | $69K | $18K | 10x | as long as short |
| Phoenix DELLlong | +0.0723% | 1h | 576.15 | long leg | $3K | $258K | 10x |
HTX DELL-USDT
edgeX DELLUSDC
OKX DELL-USDT-SWAP
Variational Omni DELL
GRVT DELL_USDT_Perp
Extended DELL-USD
BloFin DELL-USDT
Nado DELL-PERP