Funding you earn now, next payment 22:00 UTC−0.0528%/8h= −57.8% APRpaid last 24h −0.126%
Price spread now: Variational Omni against Phoenix+0.055%54s7-day average −0.028% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.234%−$23 on $10k
+Price spread, last 3 days (all we have)+0.076%+$8 · spread now +0.055%, 7d avg −0.028%
=Together, before fees−0.158%+ Points / potential airdropVariational Omni: Active · farm board−$16 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Variational Omni is 0.083% dearer against Phoenix than usual: you sell high and buy low (spread +0.055% now, against its 7-day average of −0.028%): +$8 on $10k if it goes back. Holding the pair costs −$16 a day in funding at the current rate, which eats that in about 12 hours. At the pace of the last 3 days (−0.234% in total) that is about 28 hours. The two prices were read 54 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 | Phoenix DELL | 575.50 | 0.0528 | pay 0.0066% / 1h | 48m 19s | $3K | $280K | 10x |
| Short | Variational Omni DELL | 575.82 | 0 | get 0.0000% / 8h | 1h 48m | $260K | $82K | — |
Phoenix DELL
Variational Omni DELLFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni 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
- −$110.93
- Price spread: +0.055% → −0.028%
- $8.25
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$109.68
- Costs to cover
- 0.070%
- Break-even
- from the start
Slippage unknown: Phoenix: live order book, 32 min ago; Variational Omni: RFQ quote, 36 min ago. 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, 32 min ago | 2.61 bp | 9.4 bp −$9 | 18.7 bp −$187 | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 36 min ago | 3.41 bp | doesn't fit | 45.1 bp −$451 | 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin DELL-USDT | −0.0003% | 8h | 575.99 | +0.085% | $319K | $219K | 20x | as long as short |
| Aster DELLUSDT | 0.0000% | 8h | 575.03 | −0.082% | $21K | $50K | 20x | as long as short |
| Extended DELL-USD | 0.0000% | 1h | 575.82 | +0.056% | $338K | $1.1M | 10x | as long as short |
| Binance DELLUSDT | 0.0000% | 8h | 575.91 | +0.071% | $18.7M | $65.6M | 20x | as long as short |
| Gate DELL_USDT | 0.0000% | 8h | 575.56 | +0.010% | $4.5M | $7.8M | 50x | as long as short |
| Variational Omni DELLshort | 0.0000% | 8h | 575.82 | +0.055% | $260K | $82K | — | |
| GRVT DELL_USDT_Perp | 0.0000% | 8h | 575.47 | −0.005% | $996 | $181K | 10x | as long as short |
| Lighter DELL | +0.0032% | 1h | 576.13 | +0.109% | $34K | $11K | 10x | as long as short |
| Injective DELL/USDC PERP | +0.0033% | 1h | 571.67 | −0.666% | $8K | $83K | 12x | as long as short |
| Bitget DELLUSDT | +0.0035% | 8h | 575.45 | −0.009% | $3.3M | $4.6M | 20x | as long as short |
BloFin DELL-USDT
Aster DELLUSDT
Extended DELL-USD
Binance DELLUSDT
Gate DELL_USDT
GRVT DELL_USDT_Perp
Lighter DELL
Injective DELL/USDC PERP
Bitget DELLUSDTShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:DELL | +0.0050% | 1h | 574.99 | −0.089% | $7.3M | $7.2M | 10x | as long as short |
| KuCoin DELLUSDTM | +0.0100% | 8h | 575.41 | −0.016% | $943K | $32K | 20x | as long as short |
| Orderly PERP_DELL_USDC_mythos | +0.0100% | 8h | 576.24 | +0.129% | $3K | $336 | 10x | as long as short |
| HTX DELL-USDT | +0.0100% | 8h | 575.84 | +0.059% | $18K | $58K | 10x | as long as short |
| Bybit DELLUSDT | +0.0194% | 8h | 575.59 | +0.016% | $5.9M | $3.6M | 50x | as long as short |
| OKX DELL-USDT-SWAP | +0.0369% | 8h | 575.88 | +0.066% | $5.9M | $6.8M | 20x | as long as short |
| Polymarket Perps DELL-USD | +0.0402% | 1h | 575.58 | +0.014% | $754 | $23K | 10x | as long as short |
| edgeX DELLUSDC | +0.0483% | 4h | 575.86 | +0.062% | $5K | $334K | 10x | as long as short |
| Phoenix DELLlong | +0.0528% | 1h | 575.50 | long leg | $3K | $280K | 10x | |
| Nado DELL-PERP | +0.0784% | 1h | 574.89 | −0.106% | $70K | $13K | 10x | as long as short |
tradeXYZ xyz:DELL
KuCoin DELLUSDTM
Orderly PERP_DELL_USDC_mythos
HTX DELL-USDT
Bybit DELLUSDT
OKX DELL-USDT-SWAP
Polymarket Perps DELL-USD
edgeX DELLUSDC
Nado DELL-PERP