Funding you earn now, next payment 02:00 UTC−0.0691%/8h= −75.6% APRnext payment −$0.86 per $10,000 · paid last 24h −0.140%
Price spread now: Lighter against Phoenix+0.080%104s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories
The price spread pays, funding is against you. Lighter is 0.080% dearer against Phoenix than usual: you sell high and buy low (spread +0.080% now, against zero (this spread has no 7-day history yet)): +$8 on $10k if it goes back. Holding the pair costs −$21 a day in funding at the current rate, which eats that in about 9 hours. The two prices were read 104 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 | 576.29 | 0.0723 | pay 0.0090% / 1h | 51m 37s | $3K | $258K | 10x |
| Short | Lighter DELL | 576.75 | 0.0032 | get 0.0004% / 1h | 51m 37s | $34K | $12K | 10x |
Phoenix DELL
Lighter DELLFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter 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
- −$145.04
- Price spread: +0.080% → 0.000%
- $7.98
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$144.06
- Costs to cover
- 0.070%
- Break-even
- from the start
Slippage unknown: Phoenix: live order book, 9 min ago; Lighter: no order-book sample. Net counts fees only.
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, 9 min ago | 2.61 bp | 9.4 bp −$9 | 18.7 bp −$187 | doesn't fit | doesn't fit |
| Sell Lighter no order-book sample | — | — | — | — | — |
Lighter: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
DELL on 19 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 | 576.00 | −0.051% | $21K | $50K | 20x | as long as short |
| Gate DELL_USDT | 0.0000% | 8h | 576.38 | +0.016% | $4.1M | $7.2M | 50x | as long as short |
| Bitget DELLUSDT | 0.0000% | 8h | 576.39 | +0.017% | $3.6M | $4.6M | 20x | as long as short |
| Lighter DELLshort | +0.0032% | 1h | 576.75 | +0.080% | $34K | $12K | 10x | |
| Injective DELL/USDC PERP | +0.0033% | 1h | 571.67 | −0.802% | $8K | $83K | 12x | as long as short |
| tradeXYZ xyz:DELL | +0.0050% | 1h | 576.04 | −0.043% | $7.5M | $7.0M | 10x | as long as short |
| Bybit DELLUSDT | +0.0092% | 8h | 576.22 | −0.012% | $6.1M | $3.9M | 50x | as long as short |
| KuCoin DELLUSDTM | +0.0100% | 8h | 576.09 | −0.035% | $944K | $30K | 20x | as long as short |
| Orderly PERP_DELL_USDC_mythos | +0.0100% | 8h | 577.18 | +0.154% | $3K | $336 | 10x | as long as short |
| HTX DELL-USDT | +0.0100% | 8h | 576.66 | +0.064% | $17K | $58K | 10x | as long as short |
Aster DELLUSDT
Gate DELL_USDT
Bitget DELLUSDT
Injective DELL/USDC PERP
tradeXYZ xyz:DELL
Bybit DELLUSDT
KuCoin DELLUSDTM
Orderly PERP_DELL_USDC_mythos
HTX DELL-USDTShow all 19 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Polymarket Perps DELL-USD | +0.0123% | 1h | 576.30 | +0.002% | $7K | $54K | 10x | as long as short |
| Variational Omni DELL | +0.0534% | 8h | 576.41 | +0.021% | $263K | $87K | — | as long as short |
| OKX DELL-USDT-SWAP | +0.0570% | 8h | 576.44 | +0.026% | $5.8M | $6.6M | 20x | as long as short |
| Binance DELLUSDT | +0.0655% | 8h | 576.56 | +0.047% | $18.7M | $65.1M | 20x | as long as short |
| Extended DELL-USD | +0.0656% | 1h | 576.41 | +0.020% | $339K | $1.2M | 10x | as long as short |
| GRVT DELL_USDT_Perp | +0.0706% | 8h | 576.50 | +0.037% | $905 | $152K | 10x | as long as short |
| Phoenix DELLlong | +0.0723% | 1h | 576.29 | long leg | $3K | $258K | 10x | |
| edgeX DELLUSDC | +0.0727% | 4h | 576.50 | +0.036% | $5K | $333K | 10x | as long as short |
| Nado DELL-PERP | +0.0835% | 1h | 575.92 | −0.064% | $69K | $18K | 10x | as long as short |
Polymarket Perps DELL-USD
Variational Omni DELL
OKX DELL-USDT-SWAP
Binance DELLUSDT
Extended DELL-USD
GRVT DELL_USDT_Perp
edgeX DELLUSDC
Nado DELL-PERP