Funding you earn now, next payment 00:00 UTC−0.0593%/8h= −64.9% APRpaid last 24h −0.123%
Price spread now: Bybit against Phoenix−0.043%55s7-day average −0.045% · you buy dearer than you sell
Net, funding: paid 7d − costs−$110as 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−$510.509% of the position
Funding, last 7 days−0.592%−$59 on $10k
+Price spread, last 3 days (all we have)+0.043%+$4 · spread now −0.043%, 7d avg −0.045%
=The price spread sits at its 7-day average of −0.045%, so right now this pair is about funding alone: −$18 a day on $10k at the current rate. The two prices were read 55 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 | 578.62 | 0.0790 | pay 0.0099% / 1h | 2m 29s | $3K | $280K | 10x |
| Short | Bybit DELLUSDT | 578.37 | 0.0197 | get 0.0197% / 8h | 7h 02m | $6.1M | $3.9M | 50x |
Phoenix DELL
Bybit DELLUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- −$124.49
- Price spread: −0.043% → −0.045%
- $0.15
- Slippage, 4 orders
- −$32.89
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$175.24
- Costs to cover
- 0.509%
- Break-even
- never at this rate
Slippage from Phoenix: live order book, 3 min ago; Bybit: 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, 3 min ago | 2.77 bp | 9.8 bp −$10 | 19.7 bp −$197 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 5 min ago | 2.25 bp | 15.1 bp −$15 | 83.5 bp −$835 | 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 | 577.97 | −0.113% | $21K | $50K | 20x | as long as short |
| Lighter DELL | +0.0032% | 1h | 578.88 | +0.045% | $34K | $12K | 10x | as long as short |
| Injective DELL/USDC PERP | +0.0033% | 1h | 571.67 | −1.201% | $8K | $83K | 12x | as long as short |
| KuCoin DELLUSDTM | +0.0100% | 8h | 578.13 | −0.085% | $947K | $30K | 20x | as long as short |
| Orderly PERP_DELL_USDC_mythos | +0.0100% | 8h | 579.41 | +0.137% | $3K | $336 | 10x | as long as short |
| HTX DELL-USDT | +0.0100% | 8h | 579.08 | +0.079% | $18K | $58K | 10x | as long as short |
| tradeXYZ xyz:DELL | +0.0102% | 1h | 578.01 | −0.105% | $7.4M | $6.9M | 10x | as long as short |
| Gate DELL_USDT | +0.0112% | 8h | 578.36 | −0.045% | $4.1M | $7.7M | 50x | as long as short |
| Bitget DELLUSDT | +0.0172% | 8h | 578.72 | +0.017% | $3.6M | $4.7M | 20x | as long as short |
| Bybit DELLUSDTshort | +0.0197% | 8h | 578.37 | −0.043% | $6.1M | $3.9M | 50x |
Aster DELLUSDT
Lighter DELL
Injective DELL/USDC PERP
KuCoin DELLUSDTM
Orderly PERP_DELL_USDC_mythos
HTX DELL-USDT
tradeXYZ xyz:DELL
Gate DELL_USDT
Bitget DELLUSDTShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| edgeX DELLUSDC | +0.0435% | 4h | 579.13 | +0.088% | $5K | $334K | 10x | as long as short |
| Polymarket Perps DELL-USD | +0.0500% | 1h | 578.49 | −0.022% | $8K | $54K | 10x | as long as short |
| Variational Omni DELL | +0.0500% | 8h | 579.02 | +0.069% | $262K | $83K | — | as long as short |
| Extended DELL-USD | +0.0624% | 1h | 578.61 | −0.002% | $336K | $1.2M | 10x | as long as short |
| Binance DELLUSDT | +0.0625% | 8h | 578.73 | +0.019% | $18.7M | $65.3M | 20x | as long as short |
| BloFin DELL-USDT | +0.0629% | 8h | 578.95 | +0.057% | $321K | $222K | 20x | as long as short |
| OKX DELL-USDT-SWAP | +0.0677% | 8h | 578.79 | +0.029% | $5.9M | $6.5M | 20x | as long as short |
| Nado DELL-PERP | +0.0781% | 1h | 577.99 | −0.108% | $69K | $15K | 10x | as long as short |
| Phoenix DELLlong | +0.0790% | 1h | 578.62 | long leg | $3K | $280K | 10x | |
| GRVT DELL_USDT_Perp | +0.1261% | 8h | 578.94 | +0.055% | $747 | $157K | 10x | as long as short |
edgeX DELLUSDC
Polymarket Perps DELL-USD
Variational Omni DELL
Extended DELL-USD
Binance DELLUSDT
BloFin DELL-USDT
OKX DELL-USDT-SWAP
Nado DELL-PERP
GRVT DELL_USDT_Perp