Funding you earn now, next payment 06:00 UTC−0.0263%/8h= −28.8% APRnext payment −$0.33 per $10,000 · paid last 24h −0.112%
Price spread now: Extended against Phoenix−0.073%7-day average −0.049% · you buy dearer than you sell
Net, funding: paid 7d − costs−$125as in the Funding arb table
Net, price: spread back to 7d avg − costs−$60as in the Price arb table
costs, in and out, $10k−$570.574% of the position
Funding, last 7 days−0.673%−$67 on $10k
+Price spread, last 4 days (all we have)+0.036%+$4 · spread now −0.073%, 7d avg −0.049%
=Together, before fees−0.638%+ Points / potential airdropExtended: Active · farm board−$64 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Extended is 0.024% cheaper against Phoenix than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.049%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix DELL | 572.90 | 0.0863 | pay 0.0108% / 1h | 41m 10s | $3K | $228K | 10x |
| Short | Extended DELL-USD | 572.48 | 0.0600 | get 0.0075% / 1h | 41m 10s | $337K | $1.1M | 10x |
Phoenix DELL
Extended DELL-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- −$55.24
- Price spread: −0.073% → −0.049%
- −$2.39
- Slippage, 4 orders
- −$45.44
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$115.07
- Costs to cover
- 0.574%
- Break-even
- never at this rate
Slippage from Phoenix: live order book, 64 min ago; Extended: live order book, 2 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, 64 min ago | 3.83 bp | 12.1 bp −$12 | 25.7 bp −$257 | doesn't fit | doesn't fit |
| Sell Extended live order book, 2 min ago | 2.53 bp | 17.0 bp −$17 | 171.3 bp −$1,713 | 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 | 571.98 | −0.160% | $20K | $50K | 20x | as long as short |
| Gate DELL_USDT | 0.0000% | 8h | 572.48 | −0.073% | $4.1M | $7.2M | 50x | as long as short |
| Bitget DELLUSDT | 0.0000% | 8h | 572.66 | −0.042% | $3.6M | $4.7M | 20x | as long as short |
| Lighter DELL | +0.0032% | 1h | 572.90 | 0.000% | $33K | $12K | 10x | as long as short |
| Injective DELL/USDC PERP | +0.0033% | 1h | 571.67 | −0.215% | $8K | $83K | 12x | as long as short |
| tradeXYZ xyz:DELL | +0.0080% | 1h | 571.94 | −0.168% | $7.5M | $7.0M | 10x | as long as short |
| KuCoin DELLUSDTM | +0.0100% | 8h | 572.00 | −0.157% | $937K | $28K | 20x | as long as short |
| Orderly PERP_DELL_USDC_mythos | +0.0100% | 8h | 573.07 | +0.030% | $3K | $336 | 10x | as long as short |
| HTX DELL-USDT | +0.0100% | 8h | 572.85 | −0.009% | $18K | $58K | 10x | as long as short |
| Bybit DELLUSDT | +0.0132% | 8h | 572.44 | −0.080% | $6.1M | $4.0M | 50x | as long as short |
Aster DELLUSDT
Gate DELL_USDT
Bitget DELLUSDT
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 | +0.0175% | 1h | 572.43 | −0.082% | $7K | $54K | 10x | as long as short |
| edgeX DELLUSDC | +0.0177% | 4h | 572.93 | +0.006% | $5K | $335K | 10x | as long as short |
| OKX DELL-USDT-SWAP | +0.0275% | 8h | 572.48 | −0.073% | $5.8M | $6.7M | 20x | as long as short |
| Variational Omni DELL | +0.0523% | 8h | 572.68 | −0.038% | $258K | $61K | — | as long as short |
| GRVT DELL_USDT_Perp | +0.0562% | 8h | 573.00 | +0.017% | $630 | $148K | 10x | as long as short |
| BloFin DELL-USDT | +0.0570% | 8h | 572.65 | −0.044% | $323K | $233K | 20x | as long as short |
| Extended DELL-USDshort | +0.0600% | 1h | 572.48 | −0.073% | $337K | $1.1M | 10x | |
| Binance DELLUSDT | +0.0600% | 8h | 572.64 | −0.046% | $18.3M | $66.9M | 20x | as long as short |
| Phoenix DELLlong | +0.0863% | 1h | 572.90 | long leg | $3K | $228K | 10x | |
| Nado DELL-PERP | +0.0903% | 1h | 571.93 | −0.170% | $69K | $20K | 10x | as long as short |
Polymarket Perps DELL-USD
edgeX DELLUSDC
OKX DELL-USDT-SWAP
Variational Omni DELL
GRVT DELL_USDT_Perp
BloFin DELL-USDT
Binance DELLUSDT
Nado DELL-PERP