Funding arb · Price arb /

DELL

RWAall DELL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0194%/8h= +21.3% APRpaid last 24h +0.080%

Price spread now: Nado against GRVT−0.150%7-day average — · you buy dearer than you sell

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

Long on GRVT Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropGRVT: Active · Nado: Active · farm boardneeds both histories

Funding pays, the price is against you. Nado is 0.150% cheaper against GRVT than usual: you would sell low and buy high (spread −0.150% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$15 on $10k: about 2.6 days of funding at the current rate (+$6 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT DELL_USDT_Perp	575.21	0.0629	pay 0.0629% / 8h	3h 27m	$857	$153K	10x
Short	Nado DELL-PERP	574.35	0.0823	get 0.0103% / 1h	27m 26s	$69K	$20K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against GRVT. 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 GRVTbpFee NadobpOrdersPrice spread, now −0.150%Rate

Funding earned: $40.78
Price spread: −0.150% → 0.000%: −$15.01
Slippage, 4 orders: no order book: not counted
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Nado: 3.5 bp × 2 orders: −$7
Net: $9.77
Costs to cover: 0.160%
Break-even: 5.3 days

Slippage unknown: GRVT: live order book, 20 min ago; Nado: 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 GRVT live order book, 20 min ago	1.48 bp	11.6 bp −$12	doesn't fit	doesn't fit	doesn't fit
Sell Nado no order-book sample	—	—	—	—	—

Nado: 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	574.54	−0.117%	$20K	$50K	20x	as long as short
Gate DELL_USDT	0.0000%	8h	574.94	−0.047%	$4.1M	$7.2M	50x	as long as short
Bitget DELLUSDT	0.0000%	8h	575.26	+0.009%	$3.6M	$4.7M	20x	as long as short
Lighter DELL	+0.0032%	1h	575.34	+0.023%	$34K	$13K	10x	as long as short
Injective DELL/USDC PERP	+0.0033%	1h	571.67	−0.615%	$8K	$83K	12x	as long as short
tradeXYZ xyz:DELL	+0.0050%	1h	574.65	−0.097%	$7.5M	$7.0M	10x	as long as short
Polymarket Perps DELL-USD	+0.0050%	1h	574.80	−0.071%	$7K	$54K	10x	as long as short
KuCoin DELLUSDTM	+0.0100%	8h	574.65	−0.097%	$941K	$29K	20x	as long as short
Orderly PERP_DELL_USDC_mythos	+0.0100%	8h	575.59	+0.066%	$3K	$336	10x	as long as short
HTX DELL-USDT	+0.0100%	8h	575.00	−0.037%	$17K	$59K	10x	as long as short

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit DELLUSDT	+0.0197%	8h	575.13	−0.014%	$6.1M	$3.9M	50x	as long as short
edgeX DELLUSDC	+0.0388%	4h	575.09	−0.021%	$5K	$332K	10x	as long as short
OKX DELL-USDT-SWAP	+0.0391%	8h	575.02	−0.033%	$5.8M	$6.7M	20x	as long as short
Variational Omni DELL	+0.0612%	8h	575.14	−0.011%	$262K	$63K	—	as long as short
GRVT DELL_USDT_Perplong	+0.0629%	8h	575.21	long leg	$857	$153K	10x
BloFin DELL-USDT	+0.0678%	8h	575.16	−0.009%	$322K	$220K	20x	as long as short
Extended DELL-USD	+0.0704%	1h	575.04	−0.029%	$333K	$1.2M	10x	as long as short
Binance DELLUSDT	+0.0706%	8h	575.02	−0.033%	$18.5M	$66.0M	20x	as long as short
Nado DELL-PERPshort	+0.0823%	1h	574.35	−0.150%	$69K	$20K	10x
Phoenix DELL	+0.1040%	1h	574.68	−0.092%	$3K	$260K	10x	as long as short