Funding you earn now, next payment 23:00 UTC−0.0470%/8h= −51.5% APRpaid last 24h −0.104%
Price spread now: KuCoin against Phoenix+0.010%7-day average −0.062% · you sell dearer than you buy
Net, funding: paid 7d − costs−$387as in the Funding arb table
Net, price: spread back to 7d avg − costs−$332as in the Price arb table
costs, in and out, $10k−$3393.393% of the position
Funding, last 7 days−0.479%−$48 on $10k
+Price spread, last 3 days (all we have)−0.073%−$7 · spread now +0.010%, 7d avg −0.062%
=The price spread pays, funding is against you. KuCoin is 0.072% dearer against Phoenix than usual: you sell high and buy low (spread +0.010% now, against its 7-day average of −0.062%): +$7 on $10k if it goes back. Holding the pair costs −$14 a day in funding at the current rate, which eats that in about 12 hours. At the pace of the last 7 days (−0.479% in total) that is about 25 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix DELL | 577.60 | 0.0570 | pay 0.0071% / 1h | 13m 14s | $3K | $280K | 10x |
| Short | KuCoin DELLUSDTM | 577.66 | 0.0100 | get 0.0100% / 8h | 13m 14s | $946K | $33K | 20x |
Phoenix DELL
KuCoin DELLUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- −$98.74
- Price spread: +0.010% → −0.062%
- $7.25
- Slippage, 4 orders
- −$320.29
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$430.79
- Costs to cover
- 3.393%
- Break-even
- never at this rate
Slippage from Phoenix: live order book, 62 min ago; KuCoin: live order book, 56 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, 62 min ago | 2.61 bp | 9.4 bp −$9 | 18.8 bp −$188 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 56 min ago | 11.30 bp | 115.4 bp −$115 | doesn't fit | 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 | 577.96 | +0.062% | $21K | $50K | 20x | as long as short |
| Gate DELL_USDT | 0.0000% | 8h | 577.41 | −0.033% | $4.4M | $8.0M | 50x | as long as short |
| Lighter DELL | +0.0032% | 1h | 577.97 | +0.064% | $34K | $12K | 10x | as long as short |
| Injective DELL/USDC PERP | +0.0033% | 1h | 571.67 | −1.027% | $8K | $83K | 12x | as long as short |
| tradeXYZ xyz:DELL | +0.0050% | 1h | 577.06 | −0.093% | $7.4M | $7.3M | 10x | as long as short |
| Bitget DELLUSDT | +0.0081% | 8h | 577.62 | +0.003% | $3.4M | $4.6M | 20x | as long as short |
| KuCoin DELLUSDTMshort | +0.0100% | 8h | 577.66 | +0.010% | $946K | $33K | 20x | |
| Orderly PERP_DELL_USDC_mythos | +0.0100% | 8h | 578.32 | +0.125% | $3K | $336 | 10x | as long as short |
| HTX DELL-USDT | +0.0100% | 8h | 577.99 | +0.068% | $18K | $58K | 10x | as long as short |
| Variational Omni DELL | +0.0160% | 8h | 578.07 | +0.082% | $261K | $81K | — | as long as short |
Aster DELLUSDT
Gate DELL_USDT
Lighter DELL
Injective DELL/USDC PERP
tradeXYZ xyz:DELL
Bitget DELLUSDT
Orderly PERP_DELL_USDC_mythos
HTX DELL-USDT
Variational Omni DELLShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| edgeX DELLUSDC | +0.0165% | 4h | 577.98 | +0.066% | $5K | $335K | 10x | as long as short |
| Bybit DELLUSDT | +0.0190% | 8h | 577.42 | −0.031% | $6.0M | $3.7M | 50x | as long as short |
| GRVT DELL_USDT_Perp | +0.0261% | 8h | 578.24 | +0.111% | $705 | $172K | 10x | as long as short |
| BloFin DELL-USDT | +0.0270% | 8h | 577.82 | +0.038% | $320K | $218K | 20x | as long as short |
| Binance DELLUSDT | +0.0287% | 8h | 577.81 | +0.036% | $18.8M | $66.3M | 20x | as long as short |
| Extended DELL-USD | +0.0288% | 1h | 577.70 | +0.018% | $339K | $1.1M | 10x | as long as short |
| Polymarket Perps DELL-USD | +0.0338% | 1h | 577.54 | −0.010% | $756 | $23K | 10x | as long as short |
| Phoenix DELLlong | +0.0570% | 1h | 577.60 | long leg | $3K | $280K | 10x | |
| OKX DELL-USDT-SWAP | +0.0572% | 8h | 577.96 | +0.062% | $5.9M | $6.7M | 20x | as long as short |
| Nado DELL-PERP | +0.0722% | 1h | 577.16 | −0.077% | $69K | $13K | 10x | as long as short |
edgeX DELLUSDC
Bybit DELLUSDT
GRVT DELL_USDT_Perp
BloFin DELL-USDT
Binance DELLUSDT
Extended DELL-USD
Polymarket Perps DELL-USD
OKX DELL-USDT-SWAP
Nado DELL-PERP