Funding you earn now, next payment 02:00 UTC−0.0623%/8h= −68.2% APRpaid last 24h −0.120%
Price spread now: HTX against Phoenix−0.040%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.310%−$31 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$19 a day on $10k at the current rate, and HTX is 0.040% cheaper against Phoenix than usual: you would sell low and buy high (−$4 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.310% in total (about -16.2% 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 | Phoenix DELL | 576.32 | 0.0723 | pay 0.0090% / 1h | 46m 28s | $3K | $258K | 10x |
| Short | HTX DELL-USDT | 576.09 | 0.0100 | get 0.0100% / 8h | 5h 46m | $17K | $58K | 10x |
Phoenix DELL
HTX DELL-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
HTX 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
- −$130.76
- Price spread: −0.040% → 0.000%
- −$3.99
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee HTX: 6 bp × 2 orders
- −$12
- Net
- −$153.75
- Costs to cover
- 0.190%
- Break-even
- never at this rate
Slippage unknown: Phoenix: live order book, 14 min ago; HTX: no order-book sample. 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 Phoenix live order book, 14 min ago | 2.61 bp | 9.4 bp −$9 | 18.7 bp −$187 | doesn't fit | doesn't fit |
| Sell HTX no order-book sample | — | — | — | — | — |
HTX: 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 | 575.38 | −0.163% | $21K | $50K | 20x | as long as short |
| Gate DELL_USDT | 0.0000% | 8h | 575.72 | −0.104% | $4.1M | $7.3M | 50x | as long as short |
| Bitget DELLUSDT | 0.0000% | 8h | 575.83 | −0.085% | $3.6M | $4.6M | 20x | as long as short |
| Lighter DELL | +0.0032% | 1h | 576.37 | +0.009% | $34K | $12K | 10x | as long as short |
| Injective DELL/USDC PERP | +0.0033% | 1h | 571.67 | −0.807% | $8K | $83K | 12x | as long as short |
| tradeXYZ xyz:DELL | +0.0050% | 1h | 575.36 | −0.167% | $7.5M | $7.0M | 10x | as long as short |
| Polymarket Perps DELL-USD | +0.0050% | 1h | 575.61 | −0.123% | $7K | $54K | 10x | as long as short |
| Bybit DELLUSDT | +0.0061% | 8h | 575.63 | −0.120% | $6.1M | $3.9M | 50x | as long as short |
| KuCoin DELLUSDTM | +0.0100% | 8h | 575.24 | −0.187% | $943K | $30K | 20x | as long as short |
| Orderly PERP_DELL_USDC_mythos | +0.0100% | 8h | 576.39 | +0.012% | $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-USDTshort | +0.0100% | 8h | 576.09 | −0.040% | $17K | $58K | 10x | |
| Variational Omni DELL | +0.0544% | 8h | 576.49 | +0.029% | $263K | $86K | — | as long as short |
| OKX DELL-USDT-SWAP | +0.0556% | 8h | 575.76 | −0.097% | $5.8M | $6.6M | 20x | as long as short |
| BloFin DELL-USDT | +0.0648% | 8h | 575.92 | −0.069% | — | $220K | 20x | as long as short |
| Extended DELL-USD | +0.0648% | 1h | 575.72 | −0.105% | $339K | $1.2M | 10x | as long as short |
| Binance DELLUSDT | +0.0650% | 8h | 575.84 | −0.083% | $18.7M | $65.1M | 20x | as long as short |
| GRVT DELL_USDT_Perp | +0.0698% | 8h | 576.50 | +0.031% | $905 | $152K | 10x | as long as short |
| Phoenix DELLlong | +0.0723% | 1h | 576.32 | long leg | $3K | $258K | 10x | |
| Nado DELL-PERP | +0.0759% | 1h | 575.43 | −0.154% | $69K | $18K | 10x | as long as short |
| edgeX DELLUSDC | +0.0853% | 4h | 576.18 | −0.025% | $5K | $334K | 10x | as long as short |
Variational Omni DELL
OKX DELL-USDT-SWAP
BloFin DELL-USDT
Extended DELL-USD
Binance DELLUSDT
GRVT DELL_USDT_Perp
Nado DELL-PERP
edgeX DELLUSDC