Funding you earn now, next payment 08:00 UTC−0.0710%/8h= −77.7% APRpaid last 24h −0.146%
Price spread now: KuCoin against Phoenix−0.175%63s7-day average −0.059% · you buy dearer than you sell
Net, funding: paid 7d − costs−$225as 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−$1721.719% of the position
Funding, last 7 days−0.527%−$53 on $10k
+Price spread, last 4 days (all we have)+0.131%+$13 · spread now −0.175%, 7d avg −0.059%
=Both sides work against this trade now: funding costs −$21 a day on $10k at the current rate, and KuCoin is 0.116% cheaper against Phoenix than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of −0.059%). Swap the legs. The two prices were read 63 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 | 571.53 | 0.0810 | pay 0.0101% / 1h | 34m 25s | $3K | $228K | 10x |
| Short | KuCoin DELLUSDTM | 570.53 | 0.0100 | get 0.0100% / 8h | 7h 34m | $935K | $69K | 20x |
Phoenix DELL
KuCoin DELLUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- −$149.11
- Price spread: −0.175% → −0.059%
- −$11.57
- Slippage, 4 orders
- −$152.93
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$332.61
- Costs to cover
- 1.719%
- Break-even
- never at this rate
Slippage from Phoenix: live order book, 61 min ago; KuCoin: live order book, 50 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, 61 min ago | 2.79 bp | 9.9 bp −$10 | 20.0 bp −$200 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 50 min ago | 16.17 bp | 38.3 bp −$38 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:DELL | −0.0005% | 1h | 570.03 | −0.262% | $7.5M | $6.8M | 10x | as long as short |
| Aster DELLUSDT | 0.0000% | 8h | 570.64 | −0.156% | $20K | $49K | 20x | as long as short |
| Bybit DELLUSDT | 0.0000% | 8h | 570.79 | −0.129% | $6.1M | $4.0M | 50x | as long as short |
| Gate DELL_USDT | 0.0000% | 8h | 570.42 | −0.194% | $4.0M | $6.7M | 50x | as long as short |
| Bitget DELLUSDT | 0.0000% | 8h | 570.56 | −0.170% | $3.7M | $4.7M | 20x | as long as short |
| GRVT DELL_USDT_Perp | 0.0000% | 8h | 572.21 | +0.119% | $944 | $140K | 10x | as long as short |
| Lighter DELL | +0.0032% | 1h | 570.64 | −0.156% | $33K | $12K | 10x | as long as short |
| Injective DELL/USDC PERP | +0.0033% | 1h | 571.67 | +0.024% | $8K | $83K | 12x | as long as short |
| Polymarket Perps DELL-USD | +0.0050% | 1h | 570.00 | −0.268% | $7K | $55K | 10x | as long as short |
| OKX DELL-USDT-SWAP | +0.0095% | 8h | 571.10 | −0.075% | $5.8M | $6.7M | 20x | as long as short |
tradeXYZ xyz:DELL
Aster DELLUSDT
Bybit DELLUSDT
Gate DELL_USDT
Bitget DELLUSDT
GRVT DELL_USDT_Perp
Lighter DELL
Injective DELL/USDC PERP
Polymarket Perps DELL-USD
OKX DELL-USDT-SWAPShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin DELLUSDTMshort | +0.0100% | 8h | 570.53 | −0.175% | $935K | $69K | 20x | |
| Orderly PERP_DELL_USDC_mythos | +0.0100% | 8h | 571.27 | −0.045% | $3K | $336 | 10x | as long as short |
| HTX DELL-USDT | +0.0100% | 8h | 570.82 | −0.124% | $18K | $58K | 10x | as long as short |
| Variational Omni DELL | +0.0220% | 8h | 571.20 | −0.058% | $258K | $61K | — | as long as short |
| BloFin DELL-USDT | +0.0292% | 8h | 571.19 | −0.059% | $324K | $232K | 20x | as long as short |
| Extended DELL-USD | +0.0304% | 1h | 570.68 | −0.148% | $333K | $2.6M | 10x | as long as short |
| Binance DELLUSDT | +0.0306% | 8h | 571.06 | −0.081% | $18.2M | $66.1M | 20x | as long as short |
| Nado DELL-PERP | +0.0466% | 1h | 570.15 | −0.242% | $68K | $20K | 10x | as long as short |
| edgeX DELLUSDC | +0.0605% | 4h | 571.88 | +0.062% | $5K | $334K | 10x | as long as short |
| Phoenix DELLlong | +0.0810% | 1h | 571.53 | long leg | $3K | $228K | 10x |
Orderly PERP_DELL_USDC_mythos
HTX DELL-USDT
Variational Omni DELL
BloFin DELL-USDT
Extended DELL-USD
Binance DELLUSDT
Nado DELL-PERP
edgeX DELLUSDC