Funding you earn now, next payment 23:00 UTC+0.0421%/8h= +46.1% APRnext payment +$0.53 per $10,000 · paid last 24h +0.107%
Price spread now: Phoenix against Polymarket Perps−0.038%59s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.398%+$40 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Funding pays, the price is against you. Phoenix is 0.038% cheaper against Polymarket Perps than usual: you would sell low and buy high (spread −0.038% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 7 hours of funding at the current rate (+$13 a day). At the pace of the last 7 days (+0.398% in total) that is about 16 hours. The two prices were read 59 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 | Polymarket Perps DELL-USD | 577.37 | 0.0150 | pay 0.0019% / 1h | 42m 20s | $756 | $23K | 10x |
| Short | Phoenix DELL | 577.15 | 0.0570 | get 0.0071% / 1h | 42m 20s | $3K | $280K | 10x |
Polymarket Perps DELL-USD
Phoenix DELLFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Polymarket Perps. 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
- $88.33
- Price spread: −0.038% → 0.000%
- −$3.81
- Slippage, 4 orders
- no order book: not counted
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $69.51
- Costs to cover
- 0.150%
- Break-even
- 1.5 days
Slippage unknown: Polymarket Perps: no order-book sample; Phoenix: live order book, 33 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 Polymarket Perps no order-book sample | — | — | — | — | — |
| Sell Phoenix live order book, 33 min ago | 2.61 bp | 9.4 bp −$9 | 18.8 bp −$188 | doesn't fit | doesn't fit |
Polymarket Perps: 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 | 577.59 | +0.038% | $21K | $50K | 20x | as long as short |
| Gate DELL_USDT | 0.0000% | 8h | 577.27 | −0.017% | $4.5M | $7.8M | 50x | as long as short |
| Variational Omni DELL | 0.0000% | 8h | 577.61 | +0.042% | $261K | $82K | — | as long as short |
| Bitget DELLUSDT | +0.0028% | 8h | 577.21 | −0.028% | $3.3M | $4.6M | 20x | as long as short |
| Lighter DELL | +0.0032% | 1h | 577.69 | +0.055% | $34K | $12K | 10x | as long as short |
| BloFin DELL-USDT | +0.0032% | 8h | 577.63 | +0.045% | $318K | $218K | 20x | as long as short |
| Injective DELL/USDC PERP | +0.0033% | 1h | 571.67 | −0.987% | $8K | $83K | 12x | as long as short |
| tradeXYZ xyz:DELL | +0.0039% | 1h | 576.65 | −0.125% | $7.3M | $7.2M | 10x | as long as short |
| GRVT DELL_USDT_Perp | +0.0059% | 8h | 577.58 | +0.036% | $1K | $172K | 10x | as long as short |
| Binance DELLUSDT | +0.0063% | 8h | 577.64 | +0.047% | $18.8M | $65.6M | 20x | as long as short |
Aster DELLUSDT
Gate DELL_USDT
Variational Omni DELL
Bitget DELLUSDT
Lighter DELL
BloFin DELL-USDT
Injective DELL/USDC PERP
tradeXYZ xyz:DELL
GRVT DELL_USDT_Perp
Binance DELLUSDTShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended DELL-USD | +0.0064% | 1h | 577.54 | +0.029% | $337K | $1.1M | 10x | as long as short |
| KuCoin DELLUSDTM | +0.0100% | 8h | 577.04 | −0.057% | $946K | $32K | 20x | as long as short |
| Orderly PERP_DELL_USDC_mythos | +0.0100% | 8h | 578.12 | +0.130% | $3K | $336 | 10x | as long as short |
| HTX DELL-USDT | +0.0100% | 8h | 577.82 | +0.078% | $18K | $58K | 10x | as long as short |
| Polymarket Perps DELL-USDlong | +0.0150% | 1h | 577.37 | long leg | $756 | $23K | 10x | |
| Bybit DELLUSDT | +0.0153% | 8h | 577.08 | −0.050% | $5.9M | $3.5M | 50x | as long as short |
| OKX DELL-USDT-SWAP | +0.0471% | 8h | 577.82 | +0.078% | $5.9M | $6.7M | 20x | as long as short |
| edgeX DELLUSDC | +0.0507% | 4h | 577.59 | +0.037% | $5K | $335K | 10x | as long as short |
| Nado DELL-PERP | +0.0550% | 1h | 576.94 | −0.075% | $70K | $13K | 10x | as long as short |
| Phoenix DELLshort | +0.0570% | 1h | 577.15 | −0.038% | $3K | $280K | 10x |
Extended DELL-USD
KuCoin DELLUSDTM
Orderly PERP_DELL_USDC_mythos
HTX DELL-USDT
Bybit DELLUSDT
OKX DELL-USDT-SWAP
edgeX DELLUSDC
Nado DELL-PERP