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+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h +0.010%
Price spread now: KuCoin against Bybit−0.065%7-day average −0.024% · you buy dearer than you sell
Net, funding: paid 7d − costs−$174as in the Funding arb table
Net, price: spread back to 7d avg − costs−$190as in the Price arb table
costs, in and out, $10k−$1861.856% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.113%+$11 on $10k
Price spread, last 4 days (all we have)−0.265%−$26 · spread now −0.065%, 7d avg −0.024%
Together, before fees−0.152%−$15 on $10k · with fees, hour by hour
Funding pays, the price is against you. KuCoin is 0.041% cheaper against Bybit than usual: you would sell low and buy high (spread −0.065% now, against its 7-day average of −0.024%). If the spread goes back, that is −$4 on $10k: about 33 hours of funding at the current rate (+$3 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit DELLUSDT572.260get 0.0000% / 8h7h 41m$6.1M$3.9M50x
ShortKuCoin DELLUSDTM571.890.0100get 0.0100% / 8h7h 41m$936K$61K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin against Bybit. 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
$21
Price spread: −0.065% → −0.024%
−$4.08
Slippage, 4 orders
−$162.59
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$168.67
Costs to cover
1.856%
Break-even
63.2 days
Slippage from Bybit: live order book, 1 min ago; KuCoin: live order book, 43 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 Bybit live order book, 1 min ago2.45 bp17.5 bp −$1781.7 bp −$817doesn't fitdoesn't fit
Sell KuCoin live order book, 43 min ago16.17 bp38.3 bp −$38doesn'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−0.0026%1h571.99−0.047%$7.5M$6.8M10xas long as short
Aster DELLUSDT0.0000%8h571.86−0.071%$20K$49K20xas long as short
Bybit DELLUSDTlong0.0000%8h572.26long leg$6.1M$3.9M50x
Gate DELL_USDT0.0000%8h572.18−0.014%$4.1M$6.7M50xas long as short
Bitget DELLUSDT0.0000%8h572.15−0.019%$3.7M$4.6M20xas long as short
GRVT DELL_USDT_Perp0.0000%8h572.62+0.063%$962$141K10xas long as short
Lighter DELL+0.0032%1h572.80+0.094%$33K$12K10xas long as short
Injective DELL/USDC PERP+0.0033%1h571.67−0.103%$8K$83K12xas long as short
Polymarket Perps DELL-USD+0.0050%1h572.15−0.019%$7K$55K10xas long as short
KuCoin DELLUSDTMshort+0.0100%8h571.89−0.065%$936K$61K20x
Show all 20 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Orderly PERP_DELL_USDC_mythos+0.0100%8h572.54+0.049%$3K$33610xas long as short
HTX DELL-USDT+0.0100%8h572.78+0.091%$18K$58K10xas long as short
OKX DELL-USDT-SWAP+0.0124%8h572.04−0.038%$5.8M$6.7M20xas long as short
Variational Omni DELL+0.0252%8h572.17−0.016%$259K$61Kas long as short
BloFin DELL-USDT+0.0322%8h572.52+0.045%$325K$231K20xas long as short
Binance DELLUSDT+0.0334%8h572.34+0.014%$18.3M$66.1M20xas long as short
Extended DELL-USD+0.0336%1h572.19−0.012%$335K$2.6M10xas long as short
Nado DELL-PERP+0.0477%1h572.30+0.006%$69K$20K10xas long as short
Phoenix DELL+0.0810%1h572.50+0.042%$3K$228K10xas long as short
edgeX DELLUSDC+0.0812%4h572.72+0.080%$5K$335K10xas long as short