DELL

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0861%/8h= +94.3% APRnext payment +$1.08 per $10,000 · paid last 24h +0.161%

Price spread now: Phoenix against Lighter−0.146%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Lighter Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

Funding pays, the price is against you. Phoenix is 0.146% cheaper against Lighter than usual: you would sell low and buy high (spread −0.146% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$15 on $10k: about 14 hours of funding at the current rate (+$26 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter DELL	573.60	0.0032	pay 0.0004% / 1h	53m 13s	$34K	$12K	10x
Short	Phoenix DELL	572.76	0.0893	get 0.0112% / 1h	53m 13s	$3K	$228K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against Lighter. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee LighterbpFee PhoenixbpOrdersPrice spread, now −0.146%Rate

Funding earned: $180.8
Price spread: −0.146% → 0.000%: −$14.64
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $159.15
Costs to cover: 0.070%
Break-even: 0.8 days

Slippage unknown: Lighter: no order-book sample; Phoenix: live order book, 47 min ago. 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 Lighter no order-book sample	—	—	—	—	—
Sell Phoenix live order book, 47 min ago	2.62 bp	9.6 bp −$10	19.1 bp −$191	doesn't fit	doesn't fit

Lighter: 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	572.95	−0.114%	$20K	$49K	20x	as long as short
Gate DELL_USDT	0.0000%	8h	573.23	−0.065%	$4.1M	$7.0M	50x	as long as short
Bitget DELLUSDT	0.0000%	8h	573.44	−0.028%	$3.6M	$4.7M	20x	as long as short
Lighter DELLlong	+0.0032%	1h	573.60	long leg	$34K	$12K	10x
Injective DELL/USDC PERP	+0.0033%	1h	571.67	−0.336%	$8K	$83K	12x	as long as short
tradeXYZ xyz:DELL	+0.0063%	1h	572.74	−0.150%	$7.5M	$6.9M	10x	as long as short
Bybit DELLUSDT	+0.0074%	8h	573.07	−0.092%	$6.1M	$4.0M	50x	as long as short
KuCoin DELLUSDTM	+0.0100%	8h	572.75	−0.148%	$939K	$28K	20x	as long as short
Orderly PERP_DELL_USDC_mythos	+0.0100%	8h	573.67	+0.012%	$3K	$336	10x	as long as short
HTX DELL-USDT	+0.0100%	8h	573.43	−0.030%	$17K	$58K	10x	as long as short

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps DELL-USD	+0.0132%	1h	573.07	−0.092%	$7K	$55K	10x	as long as short
OKX DELL-USDT-SWAP	+0.0222%	8h	573.34	−0.045%	$5.8M	$6.7M	20x	as long as short
Variational Omni DELL	+0.0419%	8h	573.26	−0.059%	$259K	$61K	—	as long as short
Extended DELL-USD	+0.0512%	1h	573.06	−0.094%	$333K	$1.9M	10x	as long as short
Binance DELLUSDT	+0.0512%	8h	573.21	−0.068%	$18.3M	$66.8M	20x	as long as short
GRVT DELL_USDT_Perp	+0.0525%	8h	572.80	−0.140%	$974	$147K	10x	as long as short
BloFin DELL-USDT	+0.0530%	8h	573.19	−0.071%	$323K	$234K	20x	as long as short
edgeX DELLUSDC	+0.0577%	4h	572.93	−0.117%	$5K	$333K	10x	as long as short
Nado DELL-PERP	+0.0801%	1h	572.93	−0.116%	$69K	$20K	10x	as long as short
Phoenix DELLshort	+0.0893%	1h	572.76	−0.146%	$3K	$228K	10x