Funding arb · Price arb /

DELL

RWAall DELL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0033%/8h= +3.6% APRpaid last 24h +0.010%

Price spread now: Injective against Aster−0.354%107s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Aster Short on Injective

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Funding pays, the price is against you. Injective is 0.354% cheaper against Aster than usual: you would sell low and buy high (spread −0.354% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$35 on $10k: about 35 days of funding at the current rate (+$1 a day). The two prices were read 107 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	Aster DELLUSDT	573.70	0	get 0.0000% / 8h	7h 59m	$20K	$49K	20x
Short	Injective DELL/USDC PERP	571.67	0.0033	get 0.0004% / 1h	59m 31s	$8K	$83K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Aster. 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 AsterbpFee InjectivebpOrdersPrice spread, now −0.354%Rate

Funding earned: $7
Price spread: −0.354% → 0.000%: −$35.39
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$36.41
Costs to cover: 0.080%
Break-even: 43.4 days

Slippage unknown: Aster: no order-book sample; Injective: 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 Aster no order-book sample	—	—	—	—	—
Sell Injective no order-book sample	—	—	—	—	—

Aster and Injective: 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
tradeXYZ xyz:DELL	−0.0145%	1h	573.98	+0.049%	$7.5M	$6.9M	10x	as long as short
Aster DELLUSDTlong	0.0000%	8h	573.70	long leg	$20K	$49K	20x
Bybit DELLUSDT	0.0000%	8h	574.18	+0.084%	$6.1M	$4.0M	50x	as long as short
Gate DELL_USDT	0.0000%	8h	573.40	−0.052%	$4.1M	$6.7M	50x	as long as short
Bitget DELLUSDT	0.0000%	8h	575.28	+0.275%	$3.7M	$4.6M	20x	as long as short
Nado DELL-PERP	0.0000%	1h	573.63	−0.013%	$69K	$20K	10x	as long as short
Lighter DELL	+0.0032%	1h	574.00	+0.052%	$34K	$12K	10x	as long as short
Injective DELL/USDC PERPshort	+0.0033%	1h	571.67	−0.354%	$8K	$83K	12x
Polymarket Perps DELL-USD	+0.0050%	1h	573.96	+0.045%	$7K	$55K	10x	as long as short
KuCoin DELLUSDTM	+0.0100%	8h	573.34	−0.063%	$939K	$41K	20x	as long as short

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_DELL_USDC_mythos	+0.0100%	8h	573.80	+0.017%	$3K	$336	10x	as long as short
HTX DELL-USDT	+0.0100%	8h	573.66	−0.007%	$18K	$58K	10x	as long as short
OKX DELL-USDT-SWAP	+0.0173%	8h	573.45	−0.044%	$5.9M	$6.7M	20x	as long as short
Variational Omni DELL	+0.0294%	8h	573.24	−0.081%	$259K	$61K	—	as long as short
edgeX DELLUSDC	+0.0303%	4h	573.18	−0.090%	$5K	$334K	10x	as long as short
BloFin DELL-USDT	+0.0384%	8h	573.16	−0.094%	$324K	$233K	20x	as long as short
Binance DELLUSDT	+0.0397%	8h	574.09	+0.068%	$18.3M	$66.4M	20x	as long as short
Extended DELL-USD	+0.0400%	1h	573.74	+0.008%	$335K	$2.6M	10x	as long as short
GRVT DELL_USDT_Perp	+0.0448%	8h	573.28	−0.073%	$682	$145K	10x	as long as short
Phoenix DELL	+0.0893%	1h	572.75	−0.166%	$3K	$227K	10x	as long as short