Funding you earn now, next payment 05:00 UTC−0.0090%/8h= −9.8% APRpaid last 24h −0.125%
Price spread now: BloFin against Phoenix−0.112%7-day average −0.015% · you buy dearer than you sell
Net, funding: paid 7d − costs−$115as in the Funding arb table
Net, price: spread back to 7d avg − costs−$55as in the Price arb table
costs, in and out, $10k−$450.450% of the position
Funding, last 7 days−0.703%−$70 on $10k
+Price spread, last 4 days (all we have)+0.022%+$2 · spread now −0.112%, 7d avg −0.015%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and BloFin is 0.097% cheaper against Phoenix than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of −0.015%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix DELL | 571.76 | 0.0685 | pay 0.0086% / 1h | 26m 33s | $3K | $260K | 10x |
| Short | BloFin DELL-USDT | 571.12 | 0.0595 | get 0.0595% / 8h | 2h 26m | $322K | $231K | 20x |
Phoenix DELL
BloFin DELL-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- −$18.85
- Price spread: −0.112% → −0.015%
- −$9.69
- Slippage, 4 orders
- −$25.99
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$73.52
- Costs to cover
- 0.450%
- Break-even
- never at this rate
Slippage from Phoenix: live order book, 19 min ago; BloFin: live order book, 63 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, 19 min ago | 3.83 bp | 12.1 bp −$12 | 25.7 bp −$257 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 63 min ago | 0.09 bp | 9.9 bp −$10 | 16.9 bp −$169 | 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 | 570.66 | −0.193% | $20K | $50K | 20x | as long as short |
| Gate DELL_USDT | 0.0000% | 8h | 570.80 | −0.168% | $4.1M | $7.2M | 50x | as long as short |
| Bitget DELLUSDT | 0.0000% | 8h | 571.11 | −0.114% | $3.6M | $4.7M | 20x | as long as short |
| Lighter DELL | +0.0032% | 1h | 571.20 | −0.098% | $33K | $13K | 10x | as long as short |
| Injective DELL/USDC PERP | +0.0033% | 1h | 571.67 | −0.016% | $8K | $83K | 12x | as long as short |
| tradeXYZ xyz:DELL | +0.0050% | 1h | 570.78 | −0.171% | $7.5M | $7.0M | 10x | as long as short |
| Polymarket Perps DELL-USD | +0.0050% | 1h | 570.71 | −0.184% | $7K | $54K | 10x | as long as short |
| Bybit DELLUSDT | +0.0066% | 8h | 570.69 | −0.187% | $6.1M | $4.0M | 50x | as long as short |
| KuCoin DELLUSDTM | +0.0100% | 8h | 570.55 | −0.212% | $936K | $28K | 20x | as long as short |
| Orderly PERP_DELL_USDC_mythos | +0.0100% | 8h | 571.31 | −0.079% | $3K | $336 | 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
Bybit DELLUSDT
KuCoin DELLUSDTM
Orderly PERP_DELL_USDC_mythosShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX DELL-USDT | +0.0100% | 8h | 571.49 | −0.047% | $17K | $59K | 10x | as long as short |
| OKX DELL-USDT-SWAP | +0.0264% | 8h | 570.85 | −0.159% | $5.8M | $6.6M | 20x | as long as short |
| GRVT DELL_USDT_Perp | +0.0474% | 8h | 571.75 | −0.001% | $972 | $151K | 10x | as long as short |
| Variational Omni DELL | +0.0492% | 8h | 571.31 | −0.079% | $258K | $64K | — | as long as short |
| Binance DELLUSDT | +0.0572% | 8h | 570.83 | −0.162% | $18.3M | $66.6M | 20x | as long as short |
| Extended DELL-USD | +0.0576% | 1h | 570.67 | −0.190% | $335K | $1.1M | 10x | as long as short |
| BloFin DELL-USDTshort | +0.0595% | 8h | 571.12 | −0.112% | $322K | $231K | 20x | |
| Phoenix DELLlong | +0.0685% | 1h | 571.76 | long leg | $3K | $260K | 10x | |
| Nado DELL-PERP | +0.0702% | 1h | 570.53 | −0.215% | $68K | $20K | 10x | as long as short |
| edgeX DELLUSDC | +0.0843% | 4h | 571.77 | +0.001% | $5K | $332K | 10x | as long as short |
HTX DELL-USDT
OKX DELL-USDT-SWAP
GRVT DELL_USDT_Perp
Variational Omni DELL
Binance DELLUSDT
Extended DELL-USD
Nado DELL-PERP
edgeX DELLUSDC