Funding arb · Price arb /

DASH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.053%

Price spread now: Lighter against OKX−0.055%7-day average +0.022% · you buy dearer than you sell

Net, funding: paid 7d − costs−$43as in the Funding arb table

Net, price: spread back to 7d avg − costs−$59as in the Price arb table

costs, in and out, $10k−$520.518% of the position

Long on OKX Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.091%+$9 on $10k

Price spread, last 4 days (all we have)+0.224%+$22 · spread now −0.055%, 7d avg +0.022%

Together, before fees+0.315%+ Points / potential airdropLighter: Season 3 · farm board+$31 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter is 0.077% cheaper against OKX than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of +0.022%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX DASH-USDT-SWAP	59.990	0.0100	pay 0.0050% / 4h	3h 31m	$6.1M	$29.2M	50x
Short	Lighter DASH	59.957	0.0096	get 0.0012% / 1h	31m 27s	$121K	$108K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against OKX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee OKXbpFee LighterbpOrdersPrice spread, now −0.055%Rate

Funding earned: −$0.84
Price spread: −0.055% → +0.022%: −$7.72
Slippage, 4 orders: −$41.77
Fee OKX: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$60.33
Costs to cover: 0.518%
Break-even: never at this rate

Slippage from OKX: live order book, 2 min ago; Lighter: live order book, 3 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 OKX live order book, 2 min ago	0.84 bp	12.8 bp −$13	31.7 bp −$317	doesn't fit	doesn't fit
Sell Lighter live order book, 3 min ago	8.45 bp	10.6 bp −$11	22.5 bp −$225	doesn't fit	doesn't fit

DASH on 22 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
Injective DASH/USDC PERP	+0.0033%	1h	58.850	−1.900%	$7	$134K	5.5x	as long as short
Lighter DASHshort	+0.0096%	1h	59.957	−0.055%	$121K	$108K	10x
Aster DASHUSDT	+0.0100%	8h	59.923	−0.112%	$139K	$355K	20x	as long as short
Binance DASHUSDT	+0.0100%	8h	59.990	0.000%	$29.2M	$88.1M	75x	as long as short
Bybit DASHUSDT	+0.0100%	8h	60.000	+0.017%	$11.0M	$19.5M	75x	as long as short
OKX DASH-USDT-SWAPlong	+0.0100%	4h	59.990	long leg	$6.1M	$29.2M	50x
Gate DASH_USDT	+0.0100%	8h	59.970	−0.033%	$1.7M	$2.8M	50x	as long as short
MEXC DASH_USDT	+0.0100%	8h	60.010	+0.033%	$21.0M	$11.6M	100x	as long as short
KuCoin DASHUSDTM	+0.0100%	8h	59.950	−0.067%	$8.7M	$4.0M	30x	as long as short
Bitget DASHUSDT	+0.0100%	8h	60.010	+0.033%	$6.8M	$3.0M	50x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX DASH-USDT	+0.0100%	8h	59.970	−0.033%	—	$7.7M	—	as long as short
Variational Omni DASH	+0.0100%	8h	59.705	−0.476%	$299K	$285K	—	as long as short
SunX DASH-USDT	+0.0100%	8h	59.930	−0.100%	$26K	$1.2M	20x	as long as short
SoDEX DASH-USD	+0.0100%	1h	59.890	−0.167%	$275K	$4K	5x	as long as short
Extended DASH-USD	+0.0104%	1h	59.933	−0.095%	$14K	$205K	10x	as long as short
BloFin DASH-USDT	+0.0220%	8h	59.800	−0.317%	$3.0M	$1.4M	75x	as long as short
Deribit DASH_USDC-PERPETUAL	+0.0251%	1h	59.910	−0.133%	$240	$2K	50x	as long as short
HTX DASH-USDT	+0.0259%	8h	60.050	+0.100%	$119K	$236K	30x	as long as short
Coinbase International DASH-PERP-INTX	+0.0320%	1h	59.900	−0.150%	$86K	$248K	25x	as long as short
Kraken Futures PF_DASHUSD	+0.0348%	1h	59.940	−0.083%	$771K	$3.0M	25x	as long as short
GMX DASH/USD [WBTC.b-USDC]	L +0.0424% / S −0.0364%	1h	59.854	−0.226%	$116K	—	50x	as long as short
Hyperliquid DASH	+0.0516%	1h	60.097	+0.178%	$4.5M	$2.5M	5x	as long as short