Funding arb · Price arb /

DELL

RWAall DELL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0068%/8h= +7.4% APRpaid last 24h +0.020%

Price spread now: HTX against Lighter+0.045%7-day average — · you sell dearer than you buy

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

Long on Lighter Short on HTX

What this pair did over the last

the charts below follow

Funding, last 6 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

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and HTX is 0.045% dearer against Lighter than usual: you sell high and buy low: +$5 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter DELL	575.46	0.0032	pay 0.0004% / 1h	5m 42s	$34K	$13K	10x
Short	HTX DELL-USDT	575.72	0.0100	get 0.0100% / 8h	2h 05m	$17K	$58K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.045%Rate

Funding earned: $14.28
Price spread: +0.045% → 0.000%: $4.52
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee HTX: 6 bp × 2 orders: −$12
Net: $6.8
Costs to cover: 0.120%
Break-even: 3.7 days

Slippage unknown: Lighter: no order-book sample; HTX: 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 HTX no order-book sample	—	—	—	—	—

Lighter and HTX: 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	574.56	−0.156%	$20K	$50K	20x	as long as short
Gate DELL_USDT	0.0000%	8h	575.23	−0.040%	$4.1M	$7.2M	50x	as long as short
Bitget DELLUSDT	0.0000%	8h	575.37	−0.016%	$3.7M	$4.7M	20x	as long as short
Lighter DELLlong	+0.0032%	1h	575.46	long leg	$34K	$13K	10x
Injective DELL/USDC PERP	+0.0033%	1h	571.67	−0.659%	$8K	$83K	12x	as long as short
tradeXYZ xyz:DELL	+0.0069%	1h	574.70	−0.132%	$7.5M	$7.0M	10x	as long as short
KuCoin DELLUSDTM	+0.0100%	8h	574.64	−0.142%	$942K	$28K	20x	as long as short
Orderly PERP_DELL_USDC_mythos	+0.0100%	8h	575.98	+0.090%	$3K	$336	10x	as long as short
HTX DELL-USDTshort	+0.0100%	8h	575.72	+0.045%	$17K	$58K	10x
Bybit DELLUSDT	+0.0127%	8h	575.26	−0.035%	$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	+0.0133%	1h	575.24	−0.038%	$7K	$54K	10x	as long as short
OKX DELL-USDT-SWAP	+0.0287%	8h	575.12	−0.059%	$5.9M	$6.7M	20x	as long as short
edgeX DELLUSDC	+0.0510%	4h	574.71	−0.131%	$5K	$333K	10x	as long as short
Variational Omni DELL	+0.0534%	8h	575.40	−0.010%	$259K	$61K	—	as long as short
GRVT DELL_USDT_Perp	+0.0545%	8h	574.71	−0.130%	$649	$150K	10x	as long as short
Binance DELLUSDT	+0.0623%	8h	575.35	−0.019%	$18.5M	$66.8M	20x	as long as short
Extended DELL-USD	+0.0624%	1h	575.19	−0.047%	$337K	$1.1M	10x	as long as short
BloFin DELL-USDT	+0.0629%	8h	575.41	−0.009%	$320K	$233K	20x	as long as short
Phoenix DELL	+0.0685%	1h	574.02	−0.250%	$3K	$260K	10x	as long as short
Nado DELL-PERP	+0.0827%	1h	574.53	−0.162%	$69K	$20K	10x	as long as short