Funding you earn now, next payment 02:00 UTC+0.0723%/8h= +79.1% APRpaid last 24h +0.142%
Price spread now: Phoenix against Bitget−0.017%7-day average +0.055% · you buy dearer than you sell
Net, funding: paid 7d − costs+$19as in the Funding arb table
Net, price: spread back to 7d avg − costs−$54as in the Price arb table
costs, in and out, $10k−$470.471% of the position
Funding, last 7 days+0.663%+$66 on $10k
+Price spread, last 4 days (all we have)−0.518%−$52 · spread now −0.017%, 7d avg +0.055%
=Funding pays, the price is against you. Phoenix is 0.072% cheaper against Bitget than usual: you would sell low and buy high (spread −0.017% now, against its 7-day average of +0.055%). If the spread goes back, that is −$7 on $10k: about 8 hours of funding at the current rate (+$22 a day). At the pace of the last 7 days (+0.663% in total) that is about 18 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget DELLUSDT | 576.39 | 0 | get 0.0000% / 8h | 5h 52m | $3.6M | $4.6M | 20x |
| Short | Phoenix DELL | 576.29 | 0.0723 | get 0.0090% / 1h | 52m 44s | $3K | $258K | 10x |
Bitget DELLUSDT
Phoenix DELLFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Bitget. 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
- $151.76
- Price spread: −0.017% → +0.055%
- −$7.22
- Slippage, 4 orders
- −$28.12
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $97.42
- Costs to cover
- 0.471%
- Break-even
- 2.5 days
Slippage from Bitget: live order book, 5 min ago; Phoenix: live order book, 7 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 Bitget live order book, 5 min ago | 1.30 bp | 15.7 bp −$16 | 36.7 bp −$367 | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 7 min ago | 2.61 bp | 9.4 bp −$9 | 18.7 bp −$187 | doesn't fit | doesn't fit |
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 | 576.05 | −0.058% | $21K | $50K | 20x | as long as short |
| Gate DELL_USDT | 0.0000% | 8h | 576.37 | −0.003% | $4.1M | $7.2M | 50x | as long as short |
| Bitget DELLUSDTlong | 0.0000% | 8h | 576.39 | long leg | $3.6M | $4.6M | 20x | |
| Lighter DELL | +0.0032% | 1h | 576.72 | +0.057% | $34K | $12K | 10x | as long as short |
| Injective DELL/USDC PERP | +0.0033% | 1h | 571.67 | −0.819% | $8K | $83K | 12x | as long as short |
| tradeXYZ xyz:DELL | +0.0050% | 1h | 575.85 | −0.094% | $7.5M | $7.0M | 10x | as long as short |
| edgeX DELLUSDC | +0.0078% | 4h | 576.46 | +0.012% | $5K | $333K | 10x | as long as short |
| Bybit DELLUSDT | +0.0092% | 8h | 576.22 | −0.029% | $6.1M | $3.9M | 50x | as long as short |
| KuCoin DELLUSDTM | +0.0100% | 8h | 576.10 | −0.050% | $944K | $30K | 20x | as long as short |
| Orderly PERP_DELL_USDC_mythos | +0.0100% | 8h | 577.18 | +0.137% | $3K | $336 | 10x | as long as short |
Aster DELLUSDT
Gate DELL_USDT
Lighter DELL
Injective DELL/USDC PERP
tradeXYZ xyz:DELL
edgeX DELLUSDC
Bybit DELLUSDT
KuCoin DELLUSDTM
Orderly PERP_DELL_USDC_mythosShow all 19 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX DELL-USDT | +0.0100% | 8h | 576.13 | −0.045% | $17K | $58K | 10x | as long as short |
| Polymarket Perps DELL-USD | +0.0184% | 1h | 576.30 | −0.016% | $7K | $54K | 10x | as long as short |
| Variational Omni DELL | +0.0534% | 8h | 576.41 | +0.003% | $263K | $87K | — | as long as short |
| OKX DELL-USDT-SWAP | +0.0573% | 8h | 576.45 | +0.010% | $5.8M | $6.6M | 20x | as long as short |
| Binance DELLUSDT | +0.0655% | 8h | 576.61 | +0.038% | $18.7M | $65.1M | 20x | as long as short |
| Extended DELL-USD | +0.0656% | 1h | 576.47 | +0.013% | $339K | $1.2M | 10x | as long as short |
| GRVT DELL_USDT_Perp | +0.0686% | 8h | 576.28 | −0.019% | $905 | $152K | 10x | as long as short |
| Phoenix DELLshort | +0.0723% | 1h | 576.29 | −0.017% | $3K | $258K | 10x | |
| Nado DELL-PERP | +0.0844% | 1h | 575.91 | −0.084% | $69K | $18K | 10x | as long as short |
HTX DELL-USDT
Polymarket Perps DELL-USD
Variational Omni DELL
OKX DELL-USDT-SWAP
Binance DELLUSDT
Extended DELL-USD
GRVT DELL_USDT_Perp
Nado DELL-PERP