Funding you earn now, next payment 03:00 UTC−0.0573%/8h= −62.7% APRnext payment −$0.72 per $10,000 · paid last 24h −0.141%
Price spread now: tradeXYZ against Phoenix+0.029%7-day average −0.078% · you sell dearer than you buy
Net, funding: paid 7d − costs−$99as in the Funding arb table
Net, price: spread back to 7d avg − costs−$28as in the Price arb table
costs, in and out, $10k−$380.384% of the position
Funding, last 7 days−0.610%−$61 on $10k
+Price spread, last 4 days (all we have)−0.091%−$9 · spread now +0.029%, 7d avg −0.078%
=Together, before fees−0.701%+ Points / potential airdroptradeXYZ: Active · farm board−$70 on $10k · with fees, hour by hour
The price spread pays, funding is against you. tradeXYZ is 0.107% dearer against Phoenix than usual: you sell high and buy low (spread +0.029% now, against its 7-day average of −0.078%): +$11 on $10k if it goes back. Holding the pair costs −$17 a day in funding at the current rate, which eats that in about 15 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix DELL | 577.35 | 0.0679 | pay 0.0085% / 1h | 33m 01s | $3K | $258K | 10x |
| Short | tradeXYZ xyz:DELL | 577.52 | 0.0106 | get 0.0013% / 1h | 33m 01s | $7.6M | $7.0M | 10x |
Phoenix DELL
tradeXYZ xyz:DELLFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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
- −$120.26
- Price spread: +0.029% → −0.078%
- $10.71
- Slippage, 4 orders
- −$13.44
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$147.99
- Costs to cover
- 0.384%
- Break-even
- never at this rate
Slippage from Phoenix: live order book, 22 min ago; tradeXYZ: live order book, 5 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, 22 min ago | 2.60 bp | 9.4 bp −$9 | 18.6 bp −$186 | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 5 min ago | 0.09 bp | 10.6 bp −$11 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster DELLUSDT | 0.0000% | 8h | 577.35 | 0.000% | $21K | $50K | 20x | as long as short |
| Gate DELL_USDT | 0.0000% | 8h | 578.08 | +0.126% | $4.1M | $7.3M | 50x | as long as short |
| Bitget DELLUSDT | 0.0000% | 8h | 578.24 | +0.154% | $3.6M | $4.6M | 20x | as long as short |
| Lighter DELL | +0.0032% | 1h | 578.38 | +0.178% | $34K | $13K | 10x | as long as short |
| Injective DELL/USDC PERP | +0.0033% | 1h | 571.67 | −0.984% | $8K | $83K | 12x | as long as short |
| edgeX DELLUSDC | +0.0046% | 4h | 578.19 | +0.145% | $5K | $334K | 10x | as long as short |
| Bybit DELLUSDT | +0.0072% | 8h | 578.19 | +0.145% | $6.2M | $3.9M | 50x | as long as short |
| KuCoin DELLUSDTM | +0.0100% | 8h | 577.62 | +0.047% | $947K | $29K | 20x | as long as short |
| Orderly PERP_DELL_USDC_mythos | +0.0100% | 8h | 578.92 | +0.272% | $3K | $336 | 10x | as long as short |
| HTX DELL-USDT | +0.0100% | 8h | 578.05 | +0.121% | $18K | $58K | 10x | as long as short |
Aster DELLUSDT
Gate DELL_USDT
Bitget DELLUSDT
Lighter DELL
Injective DELL/USDC PERP
edgeX DELLUSDC
Bybit 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 | |
|---|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:DELLshort | +0.0106% | 1h | 577.52 | +0.029% | $7.6M | $7.0M | 10x | |
| Polymarket Perps DELL-USD | +0.0246% | 1h | 578.03 | +0.118% | $7K | $54K | 10x | as long as short |
| OKX DELL-USDT-SWAP | +0.0432% | 8h | 578.31 | +0.166% | $5.9M | $6.7M | 20x | as long as short |
| GRVT DELL_USDT_Perp | +0.0516% | 8h | 578.38 | +0.178% | $2K | $152K | 10x | as long as short |
| Variational Omni DELL | +0.0532% | 8h | 578.21 | +0.150% | $264K | $86K | — | as long as short |
| Extended DELL-USD | +0.0632% | 1h | 578.31 | +0.166% | $334K | $1.2M | 10x | as long as short |
| Binance DELLUSDT | +0.0634% | 8h | 578.42 | +0.185% | $19.0M | $65.9M | 20x | as long as short |
| BloFin DELL-USDT | +0.0651% | 8h | 578.17 | +0.142% | $323K | $220K | 20x | as long as short |
| Phoenix DELLlong | +0.0679% | 1h | 577.35 | long leg | $3K | $258K | 10x | |
| Nado DELL-PERP | +0.0797% | 1h | 577.24 | −0.019% | $69K | $18K | 10x | as long as short |
Polymarket Perps DELL-USD
OKX DELL-USDT-SWAP
GRVT DELL_USDT_Perp
Variational Omni DELL
Extended DELL-USD
Binance DELLUSDT
BloFin DELL-USDT
Nado DELL-PERP