Funding arb · Price arb /

DELL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0729%/8h= −79.9% APRpaid last 24h −0.111%

Price spread now: Bitget against Nado+0.065%7-day average — · you sell dearer than you buy

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

Long on Nado Short on Bitget

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 airdropNado: Active · farm boardneeds both histories

The price spread pays, funding is against you. Bitget is 0.065% dearer against Nado than usual: you sell high and buy low (spread +0.065% now, against zero (this spread has no 7-day history yet)): +$7 on $10k if it goes back. Holding the pair costs −$22 a day in funding at the current rate, which eats that in about 7 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado DELL-PERP	572.01	0.0729	pay 0.0091% / 1h	35m 55s	$69K	$20K	10x
Short	Bitget DELLUSDT	572.38	0	get 0.0000% / 8h	2h 35m	$3.6M	$4.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Nado. 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 NadobpFee BitgetbpOrdersPrice spread, now +0.065%Rate

Funding earned: −$153.14
Price spread: +0.065% → 0.000%: $6.52
Slippage, 4 orders: no order book: not counted
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$165.62
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Nado: no order-book sample; Bitget: live order book, 2 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 Nado no order-book sample	—	—	—	—	—
Sell Bitget live order book, 2 min ago	2.80 bp	18.4 bp −$18	54.2 bp −$542	doesn't fit	doesn't fit

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	571.95	−0.010%	$20K	$50K	20x	as long as short
Gate DELL_USDT	0.0000%	8h	572.14	+0.023%	$4.1M	$7.2M	50x	as long as short
Bitget DELLUSDTshort	0.0000%	8h	572.38	+0.065%	$3.6M	$4.7M	20x
Lighter DELL	+0.0032%	1h	572.73	+0.126%	$33K	$13K	10x	as long as short
Injective DELL/USDC PERP	+0.0033%	1h	571.67	−0.059%	$8K	$83K	12x	as long as short
tradeXYZ xyz:DELL	+0.0050%	1h	572.03	+0.004%	$7.5M	$7.0M	10x	as long as short
Polymarket Perps DELL-USD	+0.0050%	1h	572.20	+0.034%	$7K	$54K	10x	as long as short
Bybit DELLUSDT	+0.0085%	8h	572.41	+0.070%	$6.1M	$4.0M	50x	as long as short
KuCoin DELLUSDTM	+0.0100%	8h	571.78	−0.040%	$937K	$28K	20x	as long as short
Orderly PERP_DELL_USDC_mythos	+0.0100%	8h	572.85	+0.147%	$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	573.20	+0.209%	$17K	$58K	10x	as long as short
OKX DELL-USDT-SWAP	+0.0284%	8h	572.34	+0.058%	$5.8M	$6.7M	20x	as long as short
GRVT DELL_USDT_Perp	+0.0484%	8h	571.69	−0.056%	$1K	$151K	10x	as long as short
Variational Omni DELL	+0.0503%	8h	572.27	+0.045%	$258K	$64K	—	as long as short
BloFin DELL-USDT	+0.0582%	8h	572.89	+0.154%	$323K	$231K	20x	as long as short
Extended DELL-USD	+0.0592%	1h	572.40	+0.069%	$331K	$1.1M	10x	as long as short
Binance DELLUSDT	+0.0596%	8h	572.50	+0.087%	$18.4M	$66.5M	20x	as long as short
Phoenix DELL	+0.0685%	1h	571.76	−0.043%	$3K	$260K	10x	as long as short
Nado DELL-PERPlong	+0.0729%	1h	572.01	long leg	$69K	$20K	10x
edgeX DELLUSDC	+0.0882%	4h	571.75	−0.045%	$5K	$333K	10x	as long as short