Funding arb · Price arb /

DELL

RWAall DELL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.010%

Price spread now: Aster against Lighter−0.093%7-day average — · you buy dearer than you sell

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

Long on Lighter Short on Aster

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 · Aster: Stage 5 · farm boardneeds both histories

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Aster is 0.093% cheaper against Lighter than usual: you would sell low and buy high (−$9 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter DELL	576.83	0.0032	pay 0.0004% / 1h	23m 53s	$34K	$12K	10x
Short	Aster DELLUSDT	576.30	0	get 0.0000% / 8h	6h 23m	$21K	$50K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Lighter. 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 LighterbpFee AsterbpOrdersPrice spread, now −0.093%Rate

Funding earned: −$6.72
Price spread: −0.093% → 0.000%: −$9.27
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Aster: 4 bp × 2 orders: −$8
Net: −$23.99
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Lighter: no order-book sample; Aster: 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 Lighter no order-book sample	—	—	—	—	—
Sell Aster no order-book sample	—	—	—	—	—

Lighter and Aster: 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 19 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 DELLUSDTshort	0.0000%	8h	576.30	−0.093%	$21K	$50K	20x
Gate DELL_USDT	0.0000%	8h	576.44	−0.068%	$4.1M	$7.5M	50x	as long as short
Bitget DELLUSDT	0.0000%	8h	576.83	0.000%	$3.6M	$4.6M	20x	as long as short
Lighter DELLlong	+0.0032%	1h	576.83	long leg	$34K	$12K	10x
Injective DELL/USDC PERP	+0.0033%	1h	571.67	−0.895%	$8K	$83K	12x	as long as short
tradeXYZ xyz:DELL	+0.0050%	1h	576.02	−0.140%	$7.5M	$7.0M	10x	as long as short
KuCoin DELLUSDTM	+0.0100%	8h	576.13	−0.121%	$944K	$30K	20x	as long as short
Orderly PERP_DELL_USDC_mythos	+0.0100%	8h	577.30	+0.081%	$3K	$336	10x	as long as short
HTX DELL-USDT	+0.0100%	8h	577.36	+0.092%	$18K	$58K	10x	as long as short
Bybit DELLUSDT	+0.0103%	8h	576.63	−0.035%	$6.1M	$3.9M	50x	as long as short

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps DELL-USD	+0.0189%	1h	576.64	−0.033%	$7K	$54K	10x	as long as short
edgeX DELLUSDC	+0.0358%	4h	576.52	−0.054%	$5K	$333K	10x	as long as short
Variational Omni DELL	+0.0514%	8h	576.61	−0.038%	$263K	$87K	—	as long as short
Extended DELL-USD	+0.0632%	1h	576.66	−0.029%	$335K	$1.2M	10x	as long as short
Binance DELLUSDT	+0.0632%	8h	576.81	−0.003%	$18.7M	$65.3M	20x	as long as short
OKX DELL-USDT-SWAP	+0.0645%	8h	576.53	−0.052%	$5.9M	$6.5M	20x	as long as short
GRVT DELL_USDT_Perp	+0.0780%	8h	576.54	−0.050%	$634	$154K	10x	as long as short
Nado DELL-PERP	+0.0780%	1h	575.90	−0.162%	$69K	$18K	10x	as long as short
Phoenix DELL	+0.0789%	1h	576.36	−0.081%	$3K	$258K	10x	as long as short