Funding you earn now, next payment 02:00 UTC−0.0688%/8h= −75.3% APRpaid last 24h −0.131%
Price spread now: Bybit against Phoenix−0.007%7-day average −0.042% · you buy dearer than you sell
Net, funding: paid 7d − costs−$106as in the Funding arb table
Net, price: spread back to 7d avg − costs−$42as in the Price arb table
costs, in and out, $10k−$450.453% of the position
Funding, last 7 days−0.609%−$61 on $10k
+Price spread, last 4 days (all we have)+0.060%+$6 · spread now −0.007%, 7d avg −0.042%
=The price spread pays, funding is against you. Bybit is 0.035% dearer against Phoenix than usual: you sell high and buy low (spread −0.007% now, against its 7-day average of −0.042%): +$4 on $10k if it goes back. Holding the pair costs −$21 a day in funding at the current rate, which eats that in about 4 hours. At the pace of the last 7 days (−0.609% in total) that is about 10 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix DELL | 576.41 | 0.0723 | pay 0.0090% / 1h | 30m 54s | $3K | $258K | 10x |
| Short | Bybit DELLUSDT | 576.37 | 0.0035 | get 0.0035% / 8h | 5h 30m | $6.1M | $3.9M | 50x |
Phoenix DELL
Bybit DELLUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- −$144.47
- Price spread: −0.007% → −0.042%
- $3.53
- Slippage, 4 orders
- −$27.27
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$186.22
- Costs to cover
- 0.453%
- Break-even
- never at this rate
Slippage from Phoenix: live order book, 29 min ago; Bybit: live order book, 2 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, 29 min ago | 2.61 bp | 9.4 bp −$9 | 18.7 bp −$187 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 2 min ago | 1.48 bp | 11.3 bp −$11 | 79.7 bp −$797 | 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 | 576.07 | −0.058% | $21K | $50K | 20x | as long as short |
| Gate DELL_USDT | 0.0000% | 8h | 576.37 | −0.007% | $4.1M | $7.3M | 50x | as long as short |
| Bitget DELLUSDT | 0.0000% | 8h | 576.45 | +0.007% | $3.6M | $4.6M | 20x | as long as short |
| Lighter DELL | +0.0032% | 1h | 576.81 | +0.069% | $34K | $12K | 10x | as long as short |
| Injective DELL/USDC PERP | +0.0033% | 1h | 571.67 | −0.822% | $8K | $83K | 12x | as long as short |
| Bybit DELLUSDTshort | +0.0035% | 8h | 576.37 | −0.007% | $6.1M | $3.9M | 50x | |
| tradeXYZ xyz:DELL | +0.0050% | 1h | 576.02 | −0.068% | $7.5M | $7.0M | 10x | as long as short |
| Polymarket Perps DELL-USD | +0.0050% | 1h | 576.32 | −0.016% | $7K | $54K | 10x | as long as short |
| KuCoin DELLUSDTM | +0.0100% | 8h | 575.91 | −0.087% | $944K | $30K | 20x | as long as short |
| Orderly PERP_DELL_USDC_mythos | +0.0100% | 8h | 577.31 | +0.156% | $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
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 | 576.57 | +0.028% | $17K | $58K | 10x | as long as short |
| OKX DELL-USDT-SWAP | +0.0518% | 8h | 576.48 | +0.012% | $5.8M | $6.6M | 20x | as long as short |
| Variational Omni DELL | +0.0538% | 8h | 576.47 | +0.011% | $263K | $86K | — | as long as short |
| GRVT DELL_USDT_Perp | +0.0607% | 8h | 576.53 | +0.021% | $784 | $151K | 10x | as long as short |
| Binance DELLUSDT | +0.0644% | 8h | 576.53 | +0.021% | $18.7M | $65.0M | 20x | as long as short |
| Extended DELL-USD | +0.0648% | 1h | 576.36 | −0.008% | $339K | $1.2M | 10x | as long as short |
| BloFin DELL-USDT | +0.0656% | 8h | 576.63 | +0.038% | $322K | $220K | 20x | as long as short |
| Nado DELL-PERP | +0.0701% | 1h | 576.16 | −0.043% | $69K | $18K | 10x | as long as short |
| Phoenix DELLlong | +0.0723% | 1h | 576.41 | long leg | $3K | $258K | 10x | |
| edgeX DELLUSDC | +0.0801% | 4h | 576.51 | +0.017% | $5K | $334K | 10x | as long as short |
HTX DELL-USDT
OKX DELL-USDT-SWAP
Variational Omni DELL
GRVT DELL_USDT_Perp
Binance DELLUSDT
Extended DELL-USD
BloFin DELL-USDT
Nado DELL-PERP
edgeX DELLUSDC