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

DELL

RWAall DELL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC−0.0499%/8h= −54.6% APRpaid last 24h −0.139%
Price spread now: Bybit against edgeX−0.072%61s7-day average −0.010% · you buy dearer than you sell
Net, funding: paid 7d − costs−$73as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$560.556% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.175%−$18 on $10k
Price spread, last 3 days (all we have)+0.046%+$5 · spread now −0.072%, 7d avg −0.010%
Together, before fees−0.129%+ Points / potential airdropedgeX: Active · farm board−$13 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$15 a day on $10k at the current rate, and Bybit is 0.062% cheaper against edgeX than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.010%). Swap the legs. The two prices were read 61 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.175% in total (about -9.1% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongedgeX DELLUSDC578.950.0729pay 0.0364% / 4h3h 08m$5K$333K10x
ShortBybit DELLUSDT578.530.0230get 0.0230% / 8h7h 08m$6.1M$3.9M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit against edgeX. 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
−$104.79
Price spread: −0.072% → −0.010%
−$6.17
Slippage, 4 orders
−$35.63
Fee edgeX: 4.5 bp × 2 orders
−$9
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$166.59
Costs to cover
0.556%
Break-even
never at this rate
Slippage from edgeX: live order book, 65 min ago; Bybit: live order book, 4 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 edgeX live order book, 65 min ago4.41 bp9.2 bp −$984.6 bp −$846doesn't fitdoesn't fit
Sell Bybit live order book, 4 min ago2.25 bp13.1 bp −$1384.0 bp −$840doesn'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
Aster DELLUSDT0.0000%8h577.93−0.175%$21K$50K20xas long as short
Lighter DELL+0.0032%1h578.99+0.007%$34K$12K10xas long as short
Injective DELL/USDC PERP+0.0033%1h571.67−1.257%$8K$83K12xas long as short
KuCoin DELLUSDTM+0.0100%8h578.24−0.122%$948K$30K20xas long as short
Orderly PERP_DELL_USDC_mythos+0.0100%8h579.64+0.120%$3K$33610xas long as short
HTX DELL-USDT+0.0100%8h578.950.000%$18K$58K10xas long as short
tradeXYZ xyz:DELL+0.0131%1h577.97−0.169%$7.4M$6.9M10xas long as short
Gate DELL_USDT+0.0138%8h578.56−0.067%$4.1M$7.7M50xas long as short
Bitget DELLUSDT+0.0189%8h578.94−0.001%$3.6M$4.7M20xas long as short
Bybit DELLUSDTshort+0.0230%8h578.53−0.072%$6.1M$3.9M50x
Show all 20 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni DELL+0.0487%8h578.92−0.005%$263K$82Kas long as short
Polymarket Perps DELL-USD+0.0537%1h578.53−0.072%$8K$54K10xas long as short
BloFin DELL-USDT+0.0603%8h578.99+0.007%$321K$222K20xas long as short
Extended DELL-USD+0.0608%1h578.74−0.035%$340K$1.2M10xas long as short
Binance DELLUSDT+0.0610%8h578.88−0.012%$18.7M$65.3M20xas long as short
OKX DELL-USDT-SWAP+0.0679%8h579.11+0.028%$5.9M$6.5M20xas long as short
edgeX DELLUSDClong+0.0729%4h578.95long leg$5K$333K10x
Phoenix DELL+0.0790%1h578.78−0.029%$3K$280K10xas long as short
Nado DELL-PERP+0.0793%1h578.10−0.146%$69K$15K10xas long as short
GRVT DELL_USDT_Perp+0.1390%8h579.09+0.025%$764$159K10xas long as short