Funding arb · Price arb /

DELL

RWAall DELL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0277%/8h= −30.4% APRpaid last 24h −0.060%

Price spread now: Variational Omni against Nado+0.126%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 Variational Omni

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 · Variational Omni: Active · farm boardneeds both histories

The price spread pays, funding is against you. Variational Omni is 0.126% dearer against Nado than usual: you sell high and buy low (spread +0.126% now, against zero (this spread has no 7-day history yet)): +$13 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 36 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado DELL-PERP	575.89	0.0791	pay 0.0099% / 1h	22m 18s	$69K	$18K	10x
Short	Variational Omni DELL	576.61	0.0514	get 0.0514% / 8h	6h 22m	$263K	$87K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.126%Rate

Funding earned: −$58.21
Price spread: +0.126% → 0.000%: $12.58
Slippage, 4 orders: no order book: not counted
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$52.63
Costs to cover: 0.070%
Break-even: from the start

Slippage unknown: Nado: no order-book sample; Variational Omni: RFQ quote, 47 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 Variational Omni RFQ quote, 47 min ago	2.50 bp	doesn't fit	29.9 bp −$299	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 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 DELLUSDT	0.0000%	8h	576.41	+0.090%	$21K	$50K	20x	as long as short
Gate DELL_USDT	0.0000%	8h	576.61	+0.126%	$4.1M	$7.5M	50x	as long as short
Bitget DELLUSDT	0.0000%	8h	576.82	+0.162%	$3.6M	$4.6M	20x	as long as short
Lighter DELL	+0.0032%	1h	576.90	+0.176%	$34K	$12K	10x	as long as short
Injective DELL/USDC PERP	+0.0033%	1h	571.67	−0.732%	$8K	$83K	12x	as long as short
tradeXYZ xyz:DELL	+0.0050%	1h	576.09	+0.036%	$7.5M	$7.0M	10x	as long as short
KuCoin DELLUSDTM	+0.0100%	8h	576.27	+0.067%	$944K	$30K	20x	as long as short
Orderly PERP_DELL_USDC_mythos	+0.0100%	8h	577.58	+0.294%	$3K	$336	10x	as long as short
HTX DELL-USDT	+0.0100%	8h	577.67	+0.310%	$18K	$58K	10x	as long as short
Bybit DELLUSDT	+0.0113%	8h	576.53	+0.112%	$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	+0.0197%	1h	576.59	+0.122%	$7K	$54K	10x	as long as short
edgeX DELLUSDC	+0.0358%	4h	576.52	+0.110%	$5K	$333K	10x	as long as short
Variational Omni DELLshort	+0.0514%	8h	576.61	+0.126%	$263K	$87K	—
Extended DELL-USD	+0.0632%	1h	576.78	+0.155%	$335K	$1.2M	10x	as long as short
Binance DELLUSDT	+0.0635%	8h	576.93	+0.181%	$18.7M	$65.3M	20x	as long as short
OKX DELL-USDT-SWAP	+0.0644%	8h	576.45	+0.098%	$5.9M	$6.5M	20x	as long as short
GRVT DELL_USDT_Perp	+0.0770%	8h	576.87	+0.171%	$629	$153K	10x	as long as short
Phoenix DELL	+0.0789%	1h	576.36	+0.082%	$3K	$258K	10x	as long as short
Nado DELL-PERPlong	+0.0791%	1h	575.89	long leg	$69K	$18K	10x