Funding arb · Price arb /

DELL

RWAall DELL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0041%/8h= −4.5% APRpaid last 24h −0.015%

Price spread now: tradeXYZ against KuCoin+0.038%7-day average −0.014% · you sell dearer than you buy

Net, funding: paid 7d − costs−$359as in the Funding arb table

Net, price: spread back to 7d avg − costs−$344as in the Price arb table

costs, in and out, $10k−$3493.488% of the position

Long on KuCoin Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days−0.106%−$11 on $10k

Price spread, last 4 days (all we have)+0.027%+$3 · spread now +0.038%, 7d avg −0.014%

Together, before fees−0.080%+ Points / potential airdroptradeXYZ: Active · farm board−$8 on $10k · with fees, hour by hour

The price spread pays, funding is against you. tradeXYZ is 0.053% dearer against KuCoin than usual: you sell high and buy low (spread +0.038% now, against its 7-day average of −0.014%): +$5 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 4.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin DELLUSDTM	574.09	0.0100	pay 0.0100% / 8h	2h 08m	$941K	$28K	20x
Short	tradeXYZ xyz:DELL	574.31	0.0059	get 0.0007% / 1h	8m 09s	$7.5M	$7.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ against KuCoin. 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 KuCoinbpFee tradeXYZbpOrdersPrice spread, now +0.038%Rate

Funding earned: −$8.68
Price spread: +0.038% → −0.014%: $5.26
Slippage, 4 orders: −$318.81
Fee KuCoin: 6 bp × 2 orders: −$12
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$352.23
Costs to cover: 3.488%
Break-even: never at this rate

Slippage from KuCoin: live order book, 31 min ago; tradeXYZ: live order book, 10 min ago.

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 KuCoin live order book, 31 min ago	24.15 bp	234.5 bp −$234	doesn't fit	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 10 min ago	1.13 bp	14.0 bp −$14	doesn't fit	doesn't fit	doesn't fit

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	574.30	+0.037%	$20K	$50K	20x	as long as short
Gate DELL_USDT	0.0000%	8h	574.87	+0.136%	$4.1M	$7.2M	50x	as long as short
Bitget DELLUSDT	0.0000%	8h	574.90	+0.141%	$3.7M	$4.7M	20x	as long as short
Lighter DELL	+0.0032%	1h	575.19	+0.192%	$34K	$13K	10x	as long as short
Injective DELL/USDC PERP	+0.0033%	1h	571.67	−0.422%	$8K	$83K	12x	as long as short
tradeXYZ xyz:DELLshort	+0.0059%	1h	574.31	+0.038%	$7.5M	$7.0M	10x
KuCoin DELLUSDTMlong	+0.0100%	8h	574.09	long leg	$941K	$28K	20x
Orderly PERP_DELL_USDC_mythos	+0.0100%	8h	575.53	+0.251%	$3K	$336	10x	as long as short
HTX DELL-USDT	+0.0100%	8h	574.37	+0.049%	$17K	$58K	10x	as long as short
Bybit DELLUSDT	+0.0116%	8h	574.84	+0.131%	$6.1M	$4.0M	50x	as long as short

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps DELL-USD	+0.0118%	1h	574.51	+0.073%	$7K	$54K	10x	as long as short
OKX DELL-USDT-SWAP	+0.0286%	8h	575.03	+0.164%	$5.9M	$6.7M	20x	as long as short
edgeX DELLUSDC	+0.0510%	4h	574.71	+0.108%	$5K	$333K	10x	as long as short
Variational Omni DELL	+0.0525%	8h	574.79	+0.123%	$259K	$61K	—	as long as short
GRVT DELL_USDT_Perp	+0.0545%	8h	574.71	+0.108%	$649	$150K	10x	as long as short
BloFin DELL-USDT	+0.0588%	8h	575.17	+0.188%	$320K	$233K	20x	as long as short
Extended DELL-USD	+0.0616%	1h	574.86	+0.135%	$337K	$1.1M	10x	as long as short
Binance DELLUSDT	+0.0617%	8h	575.07	+0.171%	$18.5M	$66.8M	20x	as long as short
Phoenix DELL	+0.0685%	1h	574.02	−0.012%	$3K	$260K	10x	as long as short
Nado DELL-PERP	+0.0821%	1h	573.99	−0.017%	$69K	$20K	10x	as long as short