Funding you earn now, next payment 05:00 UTC+0.0402%/8h= +44.1% APRpaid last 24h +0.102%
Price spread now: Phoenix against OKX−0.190%46s7-day average −0.012% · you buy dearer than you sell
Net, funding: paid 7d − costs+$2as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$540.542% of the position
Funding, last 7 days+0.566%+$57 on $10k
+Price spread, last 4 days (all we have)+0.155%+$16 · spread now −0.190%, 7d avg −0.012%
=Funding pays, the price is against you. Phoenix is 0.177% cheaper against OKX than usual: you would sell low and buy high (spread −0.190% now, against its 7-day average of −0.012%). If the spread goes back, that is −$18 on $10k: about 35 hours of funding at the current rate (+$12 a day). The two prices were read 46 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 | OKX DELL-USDT-SWAP | 574.72 | 0.0283 | pay 0.0283% / 8h | 2h 10m | $5.9M | $6.7M | 20x |
| Short | Phoenix DELL | 573.63 | 0.0685 | get 0.0086% / 1h | 10m 41s | $3K | $260K | 10x |
OKX DELL-USDT-SWAP
Phoenix DELLFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against OKX. 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
- $84.51
- Price spread: −0.190% → −0.012%
- −$17.72
- Slippage, 4 orders
- −$37.18
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $12.61
- Costs to cover
- 0.542%
- Break-even
- 6.0 days
Slippage from OKX: live order book, 2 min ago; Phoenix: live order book, 35 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 OKX live order book, 2 min ago | 1.39 bp | 15.2 bp −$15 | 63.0 bp −$630 | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 35 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 | 574.12 | −0.104% | $20K | $50K | 20x | as long as short |
| Gate DELL_USDT | 0.0000% | 8h | 574.51 | −0.037% | $4.1M | $7.2M | 50x | as long as short |
| Bitget DELLUSDT | 0.0000% | 8h | 574.57 | −0.026% | $3.7M | $4.7M | 20x | as long as short |
| Lighter DELL | +0.0032% | 1h | 574.89 | +0.030% | $34K | $13K | 10x | as long as short |
| Injective DELL/USDC PERP | +0.0033% | 1h | 571.67 | −0.531% | $8K | $83K | 12x | as long as short |
| tradeXYZ xyz:DELL | +0.0050% | 1h | 574.04 | −0.118% | $7.5M | $7.0M | 10x | as long as short |
| Polymarket Perps DELL-USD | +0.0100% | 1h | 574.33 | −0.068% | $7K | $54K | 10x | as long as short |
| KuCoin DELLUSDTM | +0.0100% | 8h | 573.99 | −0.127% | $941K | $28K | 20x | as long as short |
| Orderly PERP_DELL_USDC_mythos | +0.0100% | 8h | 575.37 | +0.113% | $3K | $336 | 10x | as long as short |
| HTX DELL-USDT | +0.0100% | 8h | 574.45 | −0.047% | $17K | $58K | 10x | as long as short |
Aster DELLUSDT
Gate DELL_USDT
Bitget DELLUSDT
Lighter DELL
Injective DELL/USDC PERP
tradeXYZ xyz:DELL
Polymarket Perps DELL-USD
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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit DELLUSDT | +0.0111% | 8h | 574.41 | −0.054% | $6.1M | $4.0M | 50x | as long as short |
| OKX DELL-USDT-SWAPlong | +0.0283% | 8h | 574.72 | long leg | $5.9M | $6.7M | 20x | |
| GRVT DELL_USDT_Perp | +0.0520% | 8h | 572.64 | −0.362% | $819 | $152K | 10x | as long as short |
| Variational Omni DELL | +0.0525% | 8h | 574.79 | +0.013% | $259K | $61K | — | as long as short |
| BloFin DELL-USDT | +0.0585% | 8h | 574.85 | +0.023% | $321K | $233K | 20x | as long as short |
| Extended DELL-USD | +0.0608% | 1h | 574.49 | −0.040% | $337K | $1.1M | 10x | as long as short |
| Binance DELLUSDT | +0.0614% | 8h | 574.75 | +0.005% | $18.5M | $66.8M | 20x | as long as short |
| Phoenix DELLshort | +0.0685% | 1h | 573.63 | −0.190% | $3K | $260K | 10x | |
| Nado DELL-PERP | +0.0814% | 1h | 573.32 | −0.244% | $69K | $20K | 10x | as long as short |
| edgeX DELLUSDC | +0.0815% | 4h | 573.88 | −0.147% | $5K | $332K | 10x | as long as short |
Bybit DELLUSDT
GRVT DELL_USDT_Perp
Variational Omni DELL
BloFin DELL-USDT
Extended DELL-USD
Binance DELLUSDT
Nado DELL-PERP
edgeX DELLUSDC