Funding arb · Price arb /

DELL

RWAall DELL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0137%/8h= −15.0% APRpaid last 24h +0.010%

Price spread now: Lighter against Bybit+0.068%7-day average — · you sell dearer than you buy

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

Long on Bybit Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

The price spread pays, funding is against you. Lighter is 0.068% dearer against Bybit than usual: you sell high and buy low (spread +0.068% now, against zero (this spread has no 7-day history yet)): +$7 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 40 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit DELLUSDT	575.72	0.0169	pay 0.0169% / 8h	2h 05m	$5.9M	$3.6M	50x
Short	Lighter DELL	576.11	0.0032	get 0.0004% / 1h	5m 42s	$34K	$12K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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

Position, each leg$Hold fordaysFee BybitbpFee LighterbpOrdersPrice spread, now +0.068%Rate

Funding earned: −$28.72
Price spread: +0.068% → 0.000%: $6.77
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Lighter: 0 bp × 2 orders: $0
Net: −$32.95
Costs to cover: 0.110%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 2 min ago; Lighter: 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 Bybit live order book, 2 min ago	1.13 bp	13.2 bp −$13	74.3 bp −$743	doesn't fit	doesn't fit
Sell Lighter no order-book sample	—	—	—	—	—

Lighter: 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	575.58	−0.024%	$21K	$50K	20x	as long as short
Extended DELL-USD	0.0000%	1h	575.82	+0.018%	$338K	$1.1M	10x	as long as short
Binance DELLUSDT	0.0000%	8h	575.90	+0.032%	$18.8M	$65.6M	20x	as long as short
Gate DELL_USDT	0.0000%	8h	575.72	0.000%	$4.5M	$7.8M	50x	as long as short
Variational Omni DELL	0.0000%	8h	576.10	+0.065%	$261K	$82K	—	as long as short
GRVT DELL_USDT_Perp	0.0000%	8h	575.94	+0.039%	$1K	$183K	10x	as long as short
BloFin DELL-USDT	+0.0026%	8h	575.90	+0.031%	$319K	$219K	20x	as long as short
Lighter DELLshort	+0.0032%	1h	576.11	+0.068%	$34K	$12K	10x
Injective DELL/USDC PERP	+0.0033%	1h	571.67	−0.703%	$8K	$83K	12x	as long as short
Bitget DELLUSDT	+0.0042%	8h	575.37	−0.061%	$3.3M	$4.7M	20x	as long as short

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:DELL	+0.0050%	1h	574.91	−0.141%	$7.3M	$7.3M	10x	as long as short
KuCoin DELLUSDTM	+0.0100%	8h	575.53	−0.033%	$942K	$32K	20x	as long as short
Orderly PERP_DELL_USDC_mythos	+0.0100%	8h	576.41	+0.120%	$3K	$336	10x	as long as short
HTX DELL-USDT	+0.0100%	8h	575.90	+0.031%	$18K	$58K	10x	as long as short
Bybit DELLUSDTlong	+0.0169%	8h	575.72	long leg	$5.9M	$3.6M	50x
OKX DELL-USDT-SWAP	+0.0321%	8h	575.88	+0.028%	$5.9M	$6.8M	20x	as long as short
Polymarket Perps DELL-USD	+0.0401%	1h	575.65	−0.012%	$754	$23K	10x	as long as short
Phoenix DELL	+0.0626%	1h	575.31	−0.071%	$3K	$280K	10x	as long as short
Nado DELL-PERP	+0.0772%	1h	574.87	−0.147%	$70K	$13K	10x	as long as short
edgeX DELLUSDC	+0.0792%	4h	576.00	+0.048%	$5K	$333K	10x	as long as short