Funding arb · Price arb /

DELL

RWAall DELL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0151%/8h= +16.5% APRpaid last 24h +0.050%

Price spread now: OKX against Lighter−0.070%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 OKX

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

Funding pays, the price is against you. OKX is 0.070% cheaper against Lighter than usual: you would sell low and buy high (spread −0.070% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 37 hours of funding at the current rate (+$5 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter DELL	573.37	0.0032	pay 0.0004% / 1h	8m 24s	$34K	$12K	10x
Short	OKX DELL-USDT-SWAP	572.97	0.0183	get 0.0183% / 8h	8m 24s	$5.9M	$6.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.070%Rate

Funding earned: $31.64
Price spread: −0.070% → 0.000%: −$6.98
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee OKX: 5 bp × 2 orders: −$10
Net: $14.67
Costs to cover: 0.100%
Break-even: 3.8 days

Slippage unknown: Lighter: no order-book sample; OKX: live order book, 5 min ago. 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 OKX live order book, 5 min ago	1.83 bp	11.5 bp −$11	56.9 bp −$569	doesn't fit	doesn't fit

Lighter: 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	572.43	−0.164%	$20K	$49K	20x	as long as short
Gate DELL_USDT	0.0000%	8h	573.06	−0.054%	$4.1M	$7.0M	50x	as long as short
Bitget DELLUSDT	0.0000%	8h	573.08	−0.051%	$3.6M	$4.6M	20x	as long as short
Bybit DELLUSDT	+0.0020%	8h	572.97	−0.070%	$6.1M	$4.0M	50x	as long as short
Lighter DELLlong	+0.0032%	1h	573.37	long leg	$34K	$12K	10x
Injective DELL/USDC PERP	+0.0033%	1h	571.67	−0.296%	$8K	$83K	12x	as long as short
edgeX DELLUSDC	+0.0063%	4h	572.93	−0.077%	$5K	$333K	10x	as long as short
tradeXYZ xyz:DELL	+0.0085%	1h	572.46	−0.159%	$7.5M	$6.9M	10x	as long as short
KuCoin DELLUSDTM	+0.0100%	8h	572.47	−0.157%	$938K	$34K	20x	as long as short
Orderly PERP_DELL_USDC_mythos	+0.0100%	8h	573.49	+0.021%	$3K	$336	10x	as long as short

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX DELL-USDT	+0.0100%	8h	573.27	−0.017%	$18K	$58K	10x	as long as short
Polymarket Perps DELL-USD	+0.0121%	1h	572.82	−0.096%	$7K	$55K	10x	as long as short
OKX DELL-USDT-SWAPshort	+0.0183%	8h	572.97	−0.070%	$5.9M	$6.7M	20x
Variational Omni DELL	+0.0305%	8h	572.92	−0.079%	$259K	$61K	—	as long as short
Extended DELL-USD	+0.0408%	1h	572.97	−0.070%	$332K	$2.6M	10x	as long as short
Binance DELLUSDT	+0.0410%	8h	573.10	−0.047%	$18.3M	$66.6M	20x	as long as short
BloFin DELL-USDT	+0.0421%	8h	573.22	−0.026%	$324K	$233K	20x	as long as short
GRVT DELL_USDT_Perp	+0.0456%	8h	572.89	−0.084%	$728	$146K	10x	as long as short
Nado DELL-PERP	+0.0654%	1h	572.43	−0.164%	$69K	$20K	10x	as long as short
Phoenix DELL	+0.0893%	1h	572.66	−0.124%	$3K	$228K	10x	as long as short