Funding you earn now, next payment 06:00 UTC−0.0863%/8h= −94.5% APRpaid last 24h −0.157%
Price spread now: Bitget against Phoenix+0.087%59s7-day average −0.050% · you sell dearer than you buy
Net, funding: paid 7d − costs−$122as 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−$530.534% of the position
Funding, last 7 days−0.682%−$68 on $10k
+Price spread, last 4 days (all we have)−0.087%−$9 · spread now +0.087%, 7d avg −0.050%
=The price spread pays, funding is against you. Bitget is 0.137% dearer against Phoenix than usual: you sell high and buy low (spread +0.087% now, against its 7-day average of −0.050%): +$14 on $10k if it goes back. Holding the pair costs −$26 a day in funding at the current rate, which eats that in about 13 hours. At the pace of the last 7 days (−0.682% in total) that is about 34 hours. The two prices were read 59 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 | Phoenix DELL | 572.96 | 0.0863 | pay 0.0108% / 1h | 28m 28s | $3K | $228K | 10x |
| Short | Bitget DELLUSDT | 573.46 | 0 | get 0.0000% / 8h | 1h 28m | $3.6M | $4.7M | 20x |
Phoenix DELL
Bitget DELLUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- −$181.24
- Price spread: +0.087% → −0.050%
- $13.7
- Slippage, 4 orders
- −$34.4
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$220.93
- Costs to cover
- 0.534%
- Break-even
- never at this rate
Slippage from Phoenix: live order book, 11 min ago; Bitget: live order book, 5 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, 11 min ago | 2.62 bp | 9.6 bp −$10 | 19.1 bp −$191 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 5 min ago | 2.79 bp | 14.5 bp −$15 | 66.3 bp −$663 | 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 | 573.21 | +0.044% | $20K | $50K | 20x | as long as short |
| Gate DELL_USDT | 0.0000% | 8h | 573.51 | +0.096% | $4.1M | $7.2M | 50x | as long as short |
| Bitget DELLUSDTshort | 0.0000% | 8h | 573.46 | +0.087% | $3.6M | $4.7M | 20x | |
| Lighter DELL | +0.0032% | 1h | 573.71 | +0.131% | $34K | $12K | 10x | as long as short |
| Injective DELL/USDC PERP | +0.0033% | 1h | 571.67 | −0.225% | $8K | $83K | 12x | as long as short |
| tradeXYZ xyz:DELL | +0.0086% | 1h | 573.05 | +0.016% | $7.5M | $7.0M | 10x | as long as short |
| KuCoin DELLUSDTM | +0.0100% | 8h | 573.13 | +0.030% | $939K | $28K | 20x | as long as short |
| Orderly PERP_DELL_USDC_mythos | +0.0100% | 8h | 574.17 | +0.211% | $3K | $336 | 10x | as long as short |
| HTX DELL-USDT | +0.0100% | 8h | 574.08 | +0.195% | $17K | $58K | 10x | as long as short |
| Bybit DELLUSDT | +0.0130% | 8h | 573.44 | +0.084% | $6.1M | $4.0M | 50x | as long as short |
Aster DELLUSDT
Gate DELL_USDT
Lighter DELL
Injective DELL/USDC PERP
tradeXYZ xyz:DELL
KuCoin DELLUSDTM
Orderly PERP_DELL_USDC_mythos
HTX DELL-USDT
Bybit DELLUSDTShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Polymarket Perps DELL-USD | +0.0193% | 1h | 573.42 | +0.080% | $7K | $54K | 10x | as long as short |
| OKX DELL-USDT-SWAP | +0.0271% | 8h | 573.94 | +0.171% | $5.8M | $6.7M | 20x | as long as short |
| edgeX DELLUSDC | +0.0356% | 4h | 573.09 | +0.022% | $5K | $335K | 10x | as long as short |
| Variational Omni DELL | +0.0499% | 8h | 573.11 | +0.027% | $259K | $61K | — | as long as short |
| GRVT DELL_USDT_Perp | +0.0560% | 8h | 573.12 | +0.028% | $630 | $147K | 10x | as long as short |
| BloFin DELL-USDT | +0.0565% | 8h | 574.03 | +0.187% | $323K | $234K | 20x | as long as short |
| Extended DELL-USD | +0.0584% | 1h | 573.62 | +0.114% | $337K | $1.1M | 10x | as long as short |
| Binance DELLUSDT | +0.0586% | 8h | 573.75 | +0.138% | $18.4M | $67.0M | 20x | as long as short |
| Phoenix DELLlong | +0.0863% | 1h | 572.96 | long leg | $3K | $228K | 10x | |
| Nado DELL-PERP | +0.0883% | 1h | 572.77 | −0.034% | $69K | $20K | 10x | as long as short |
Polymarket Perps DELL-USD
OKX DELL-USDT-SWAP
edgeX DELLUSDC
Variational Omni DELL
GRVT DELL_USDT_Perp
BloFin DELL-USDT
Extended DELL-USD
Binance DELLUSDT
Nado DELL-PERP