Settings8H · net · $10k
Funding arb · Price arb /

DELL

RWAall DELL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 16:00 UTC−0.0155%/8h= −17.0% APRnext payment $1.55 per $10,000 · paid last 24h +0.001%
Price spread now: GRVT against Binance−0.096%79s7-day average +0.017% · you buy dearer than you sell
Net, funding: paid 7d − costs−$48as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$440.437% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.040%−$4 on $10k
Price spread, last 4 days (all we have)+0.841%+$84 · spread now −0.096%, 7d avg +0.017%
Together, before fees+0.800%+ Points / potential airdropGRVT: Active · farm board+$80 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and GRVT is 0.112% cheaper against Binance than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of +0.017%). Swap the legs. The two prices were read 79 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance DELLUSDT572.850.0372pay 0.0372% / 8h7h 52m$18.3M$66.2M20x
ShortGRVT DELL_USDT_Perp572.310.0217get 0.0217% / 8h7h 52m$1K$145K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GRVT against Binance. 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

Funding earned
−$32.58
Price spread: −0.096% → +0.017%
−$11.21
Slippage, 4 orders
−$24.73
Fee Binance: 5 bp × 2 orders
−$10
Fee GRVT: 4.5 bp × 2 orders
−$9
Net
−$87.52
Costs to cover
0.437%
Break-even
never at this rate
Slippage from Binance: live order book, 5 min ago; GRVT: live order book, 40 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Binance live order book, 5 min ago0.70 bp11.0 bp −$1144.9 bp −$449doesn't fitdoesn't fit
Sell GRVT live order book, 40 min ago1.13 bp8.6 bp −$9doesn't fitdoesn't fitdoesn't fit

DELL on 20 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
tradeXYZ xyz:DELL−0.0155%1h572.10−0.131%$7.5M$6.8M10xas long as short
Aster DELLUSDT0.0000%8h572.34−0.089%$20K$49K20xas long as short
Bybit DELLUSDT0.0000%8h572.51−0.060%$6.1M$4.0M50xas long as short
Gate DELL_USDT0.0000%8h572.67−0.032%$4.1M$6.7M50xas long as short
Bitget DELLUSDT0.0000%8h572.73−0.021%$3.7M$4.7M20xas long as short
Lighter DELL+0.0032%1h572.74−0.020%$33K$12K10xas long as short
Injective DELL/USDC PERP+0.0033%1h571.67−0.206%$8K$83K12xas long as short
Polymarket Perps DELL-USD+0.0050%1h572.10−0.131%$7K$55K10xas long as short
KuCoin DELLUSDTM+0.0100%8h572.41−0.077%$937K$49K20xas long as short
Orderly PERP_DELL_USDC_mythos+0.0100%8h573.06+0.036%$3K$33610xas long as short
Show all 20 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX DELL-USDT+0.0100%8h573.10+0.043%$18K$58K10xas long as short
OKX DELL-USDT-SWAP+0.0157%8h573.07+0.038%$5.9M$6.7M20xas long as short
GRVT DELL_USDT_Perpshort+0.0217%8h572.31−0.096%$1K$145K10x
Variational Omni DELL+0.0290%8h573.23+0.066%$259K$61Kas long as short
Nado DELL-PERP+0.0362%1h572.25−0.106%$69K$20K10xas long as short
BloFin DELL-USDT+0.0366%8h572.97+0.021%$325K$233K20xas long as short
Binance DELLUSDTlong+0.0372%8h572.85long leg$18.3M$66.2M20x
Extended DELL-USD+0.0376%1h572.67−0.032%$335K$2.6M10xas long as short
edgeX DELLUSDC+0.0524%4h572.04−0.142%$5K$333K10xas long as short
Phoenix DELL+0.0810%1h572.94+0.015%$3K$228K10xas long as short