Funding you earn now, next payment 06:00 UTC+0.0863%/8h= +94.5% APRpaid last 24h +0.122%
Price spread now: Phoenix against Gate−0.019%7-day average +0.032% · you buy dearer than you sell
Net, funding: paid 7d − costs−$15as in the Funding arb table
Net, price: spread back to 7d avg − costs−$60as in the Price arb table
costs, in and out, $10k−$550.549% of the position
Funding, last 7 days+0.404%+$40 on $10k
+Price spread, last 4 days (all we have)+0.013%+$1 · spread now −0.019%, 7d avg +0.032%
=Funding pays, the price is against you. Phoenix is 0.051% cheaper against Gate than usual: you would sell low and buy high (spread −0.019% now, against its 7-day average of +0.032%). If the spread goes back, that is −$5 on $10k: about 5 hours of funding at the current rate (+$26 a day). At the pace of the last 7 days (+0.404% in total) that is about 21 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.404% in total (about 21.0% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate DELL_USDT | 573.01 | 0 | get 0.0000% / 8h | 1h 45m | $4.1M | $7.2M | 50x |
| Short | Phoenix DELL | 572.90 | 0.0863 | get 0.0108% / 1h | 45m 14s | $3K | $228K | 10x |
Gate DELL_USDT
Phoenix DELLFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Gate. 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
- $181.24
- Price spread: −0.019% → +0.032%
- −$5.08
- Slippage, 4 orders
- −$32.89
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $121.27
- Costs to cover
- 0.549%
- Break-even
- 2.3 days
Slippage from Gate: live order book, 3 min ago; Phoenix: live order book, 60 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 Gate live order book, 3 min ago | 4.45 bp | 16.9 bp −$17 | 41.8 bp −$418 | 78.3 bp −$7,826 | doesn't fit |
| Sell Phoenix live order book, 60 min ago | 3.83 bp | 12.1 bp −$12 | 25.7 bp −$257 | 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 | 572.69 | −0.056% | $20K | $50K | 20x | as long as short |
| Gate DELL_USDTlong | 0.0000% | 8h | 573.01 | long leg | $4.1M | $7.2M | 50x | |
| Bitget DELLUSDT | 0.0000% | 8h | 573.01 | 0.000% | $3.6M | $4.7M | 20x | as long as short |
| Lighter DELL | +0.0032% | 1h | 573.09 | +0.014% | $33K | $12K | 10x | as long as short |
| Injective DELL/USDC PERP | +0.0033% | 1h | 571.67 | −0.234% | $8K | $83K | 12x | as long as short |
| tradeXYZ xyz:DELL | +0.0083% | 1h | 572.17 | −0.147% | $7.5M | $7.0M | 10x | as long as short |
| KuCoin DELLUSDTM | +0.0100% | 8h | 572.25 | −0.133% | $937K | $28K | 20x | as long as short |
| Orderly PERP_DELL_USDC_mythos | +0.0100% | 8h | 573.52 | +0.089% | $3K | $336 | 10x | as long as short |
| HTX DELL-USDT | +0.0100% | 8h | 573.56 | +0.096% | $17K | $58K | 10x | as long as short |
| Bybit DELLUSDT | +0.0133% | 8h | 572.44 | −0.099% | $6.1M | $4.0M | 50x | as long as short |
Aster DELLUSDT
Bitget DELLUSDT
Lighter DELL
Injective DELL/USDC PERP
tradeXYZ xyz:DELL
KuCoin DELLUSDTM
Orderly PERP_DELL_USDC_mythos
HTX DELL-USDT
Bybit DELLUSDTShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Polymarket Perps DELL-USD | +0.0136% | 1h | 572.17 | −0.147% | $7K | $54K | 10x | as long as short |
| OKX DELL-USDT-SWAP | +0.0276% | 8h | 573.27 | +0.045% | $5.8M | $6.7M | 20x | as long as short |
| Variational Omni DELL | +0.0523% | 8h | 572.68 | −0.057% | $258K | $61K | — | as long as short |
| GRVT DELL_USDT_Perp | +0.0569% | 8h | 572.68 | −0.058% | $630 | $148K | 10x | as long as short |
| Extended DELL-USD | +0.0608% | 1h | 572.76 | −0.044% | $337K | $1.1M | 10x | as long as short |
| Binance DELLUSDT | +0.0609% | 8h | 573.01 | 0.000% | $18.4M | $66.9M | 20x | as long as short |
| BloFin DELL-USDT | +0.0635% | 8h | 572.61 | −0.070% | $323K | $232K | 20x | as long as short |
| edgeX DELLUSDC | +0.0764% | 4h | 572.66 | −0.062% | $5K | $335K | 10x | as long as short |
| Phoenix DELLshort | +0.0863% | 1h | 572.90 | −0.019% | $3K | $228K | 10x | |
| Nado DELL-PERP | +0.0921% | 1h | 572.13 | −0.154% | $69K | $20K | 10x | as long as short |
Polymarket Perps DELL-USD
OKX DELL-USDT-SWAP
Variational Omni DELL
GRVT DELL_USDT_Perp
Extended DELL-USD
Binance DELLUSDT
BloFin DELL-USDT
edgeX DELLUSDC
Nado DELL-PERP