Funding you earn now, next payment 23:00 UTC+0.0002%/8h= +0.2% APRpaid last 24h −0.128%
Price spread now: OKX against Phoenix+0.038%96s7-day average +0.007% · you sell dearer than you buy
Net, funding: paid 7d − costs−$107as 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−$480.479% of the position
Funding, last 7 days−0.594%−$59 on $10k
+Price spread, last 3 days (all we have)−0.004%$0 · spread now +0.038%, 7d avg +0.007%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: OKX is 0.031% dearer against Phoenix than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.007%. The two prices were read 96 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 | 577.74 | 0.0570 | pay 0.0071% / 1h | 13m 52s | $3K | $280K | 10x |
| Short | OKX DELL-USDT-SWAP | 577.96 | 0.0572 | get 0.0572% / 8h | 13m 52s | $5.9M | $6.7M | 20x |
Phoenix DELL
OKX DELL-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- $0.35
- Price spread: +0.038% → +0.007%
- $3.07
- Slippage, 4 orders
- −$30.89
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$44.47
- Costs to cover
- 0.479%
- Break-even
- 888.5 days
Slippage from Phoenix: live order book, 61 min ago; OKX: live order book, 4 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 | 2.61 bp | 9.4 bp −$9 | 18.8 bp −$188 | doesn't fit | doesn't fit |
| Sell OKX live order book, 4 min ago | 0.52 bp | 16.7 bp −$17 | 78.5 bp −$785 | 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 | 577.99 | +0.044% | $21K | $50K | 20x | as long as short |
| Gate DELL_USDT | 0.0000% | 8h | 577.67 | −0.012% | $4.4M | $8.0M | 50x | as long as short |
| Lighter DELL | +0.0032% | 1h | 578.07 | +0.057% | $34K | $12K | 10x | as long as short |
| Injective DELL/USDC PERP | +0.0033% | 1h | 571.67 | −1.051% | $8K | $83K | 12x | as long as short |
| tradeXYZ xyz:DELL | +0.0050% | 1h | 577.07 | −0.116% | $7.4M | $7.3M | 10x | as long as short |
| edgeX DELLUSDC | +0.0052% | 4h | 578.08 | +0.060% | $5K | $334K | 10x | as long as short |
| Bitget DELLUSDT | +0.0082% | 8h | 577.71 | −0.005% | $3.4M | $4.6M | 20x | as long as short |
| KuCoin DELLUSDTM | +0.0100% | 8h | 577.65 | −0.016% | $946K | $33K | 20x | as long as short |
| Orderly PERP_DELL_USDC_mythos | +0.0100% | 8h | 578.53 | +0.137% | $3K | $336 | 10x | as long as short |
| HTX DELL-USDT | +0.0100% | 8h | 577.99 | +0.043% | $18K | $58K | 10x | as long as short |
Aster DELLUSDT
Gate DELL_USDT
Lighter DELL
Injective DELL/USDC PERP
tradeXYZ xyz:DELL
edgeX DELLUSDC
Bitget DELLUSDT
KuCoin DELLUSDTM
Orderly PERP_DELL_USDC_mythos
HTX DELL-USDTShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni DELL | +0.0160% | 8h | 578.07 | +0.057% | $261K | $81K | — | as long as short |
| Bybit DELLUSDT | +0.0192% | 8h | 577.52 | −0.038% | $6.0M | $3.7M | 50x | as long as short |
| BloFin DELL-USDT | +0.0251% | 8h | 578.08 | +0.059% | $320K | $218K | 20x | as long as short |
| GRVT DELL_USDT_Perp | +0.0261% | 8h | 578.24 | +0.087% | $705 | $172K | 10x | as long as short |
| Binance DELLUSDT | +0.0279% | 8h | 577.90 | +0.028% | $18.8M | $66.3M | 20x | as long as short |
| Extended DELL-USD | +0.0280% | 1h | 577.93 | +0.033% | $339K | $1.1M | 10x | as long as short |
| Polymarket Perps DELL-USD | +0.0342% | 1h | 577.78 | +0.007% | $757 | $23K | 10x | as long as short |
| Phoenix DELLlong | +0.0570% | 1h | 577.74 | long leg | $3K | $280K | 10x | |
| OKX DELL-USDT-SWAPshort | +0.0572% | 8h | 577.96 | +0.038% | $5.9M | $6.7M | 20x | |
| Nado DELL-PERP | +0.0720% | 1h | 577.16 | −0.101% | $70K | $13K | 10x | as long as short |
Variational Omni DELL
Bybit DELLUSDT
BloFin DELL-USDT
GRVT DELL_USDT_Perp
Binance DELLUSDT
Extended DELL-USD
Polymarket Perps DELL-USD
Nado DELL-PERP