Funding you earn now, next payment 02:00 UTC−0.0623%/8h= −68.2% APRpaid last 24h −0.120%
Price spread now: Orderly against Phoenix+0.068%66s7-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—needs both histories
The price spread pays, funding is against you. Orderly is 0.068% dearer against Phoenix than usual: you sell high and buy low (spread +0.068% now, against zero (this spread has no 7-day history yet)): +$7 on $10k if it goes back. Holding the pair costs −$19 a day in funding at the current rate, which eats that in about 9 hours. The two prices were read 66 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 | 577.65 | 0.0723 | pay 0.0090% / 1h | 2m 11s | $3K | $258K | 10x |
| Short | Orderly PERP_DELL_USDC_mythos | 578.04 | 0.0100 | get 0.0100% / 8h | 5h 02m | $3K | $336 | 10x |
Phoenix DELL
Orderly PERP_DELL_USDC_mythosFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly 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
- −$130.76
- Price spread: +0.068% → 0.000%
- $6.75
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$137.01
- Costs to cover
- 0.130%
- Break-even
- never at this rate
Slippage unknown: Phoenix: live order book, 58 min ago; Orderly: 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, 58 min ago | 2.61 bp | 9.4 bp −$9 | 18.7 bp −$187 | doesn't fit | doesn't fit |
| Sell Orderly no order-book sample | — | — | — | — | — |
Orderly: 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 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 | 577.31 | −0.060% | $21K | $50K | 20x | as long as short |
| Gate DELL_USDT | 0.0000% | 8h | 577.46 | −0.033% | $4.1M | $7.3M | 50x | as long as short |
| Bitget DELLUSDT | 0.0000% | 8h | 577.31 | −0.059% | $3.6M | $4.6M | 20x | as long as short |
| Bybit DELLUSDT | +0.0002% | 8h | 577.40 | −0.043% | $6.1M | $3.9M | 50x | as long as short |
| Lighter DELL | +0.0032% | 1h | 577.85 | +0.035% | $34K | $13K | 10x | as long as short |
| Injective DELL/USDC PERP | +0.0033% | 1h | 571.67 | −1.035% | $8K | $83K | 12x | as long as short |
| tradeXYZ xyz:DELL | +0.0050% | 1h | 576.90 | −0.130% | $7.5M | $7.0M | 10x | as long as short |
| Polymarket Perps DELL-USD | +0.0050% | 1h | 577.26 | −0.068% | $7K | $54K | 10x | as long as short |
| KuCoin DELLUSDTM | +0.0100% | 8h | 577.06 | −0.102% | $946K | $29K | 20x | as long as short |
| Orderly PERP_DELL_USDC_mythosshort | +0.0100% | 8h | 578.04 | +0.068% | $3K | $336 | 10x |
Aster DELLUSDT
Gate DELL_USDT
Bitget DELLUSDT
Bybit DELLUSDT
Lighter DELL
Injective DELL/USDC PERP
tradeXYZ xyz:DELL
Polymarket Perps DELL-USD
KuCoin DELLUSDTMShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX DELL-USDT | +0.0100% | 8h | 577.57 | −0.014% | $17K | $58K | 10x | as long as short |
| OKX DELL-USDT-SWAP | +0.0452% | 8h | 577.29 | −0.062% | $5.8M | $6.6M | 20x | as long as short |
| GRVT DELL_USDT_Perp | +0.0480% | 8h | 577.96 | +0.053% | $902 | $151K | 10x | as long as short |
| edgeX DELLUSDC | +0.0499% | 4h | 577.81 | +0.028% | $5K | $334K | 10x | as long as short |
| Variational Omni DELL | +0.0513% | 8h | 577.78 | +0.023% | $264K | $86K | — | as long as short |
| Extended DELL-USD | +0.0608% | 1h | 577.37 | −0.049% | $335K | $1.2M | 10x | as long as short |
| Binance DELLUSDT | +0.0611% | 8h | 577.42 | −0.039% | $18.7M | $65.0M | 20x | as long as short |
| BloFin DELL-USDT | +0.0632% | 8h | 577.50 | −0.026% | $275K | $220K | 20x | as long as short |
| Nado DELL-PERP | +0.0673% | 1h | 577.18 | −0.081% | $69K | $18K | 10x | as long as short |
| Phoenix DELLlong | +0.0723% | 1h | 577.65 | long leg | $3K | $258K | 10x |
HTX DELL-USDT
OKX DELL-USDT-SWAP
GRVT DELL_USDT_Perp
edgeX DELLUSDC
Variational Omni DELL
Extended DELL-USD
Binance DELLUSDT
BloFin DELL-USDT
Nado DELL-PERP