Funding arb · Price arb /

DELL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0722%/8h= +79.1% APRpaid last 24h +0.081%

Price spread now: Nado against Orderly−0.181%7-day average — · you buy dearer than you sell

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

Long on Orderly Short on Nado

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

Funding pays, the price is against you. Nado is 0.181% cheaper against Orderly than usual: you would sell low and buy high (spread −0.181% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$18 on $10k: about 20 hours of funding at the current rate (+$22 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_DELL_USDC_mythos	575.21	0.0100	pay 0.0100% / 8h	3h 25m	$3K	$336	10x
Short	Nado DELL-PERP	574.17	0.0822	get 0.0103% / 1h	25m 41s	$69K	$20K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Orderly. 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 OrderlybpFee NadobpOrdersPrice spread, now −0.181%Rate

Funding earned: $151.72
Price spread: −0.181% → 0.000%: −$18.14
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Nado: 3.5 bp × 2 orders: −$7
Net: $120.57
Costs to cover: 0.130%
Break-even: 1.4 days

Slippage unknown: Orderly: no order-book sample; Nado: 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 Orderly no order-book sample	—	—	—	—	—
Sell Nado no order-book sample	—	—	—	—	—

Orderly and 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	574.23	−0.170%	$20K	$50K	20x	as long as short
Gate DELL_USDT	0.0000%	8h	574.38	−0.144%	$4.1M	$7.2M	50x	as long as short
Bitget DELLUSDT	0.0000%	8h	574.37	−0.146%	$3.6M	$4.7M	20x	as long as short
Lighter DELL	+0.0032%	1h	574.42	−0.137%	$34K	$13K	10x	as long as short
Injective DELL/USDC PERP	+0.0033%	1h	571.67	−0.615%	$8K	$83K	12x	as long as short
tradeXYZ xyz:DELL	+0.0050%	1h	574.00	−0.210%	$7.5M	$7.0M	10x	as long as short
Polymarket Perps DELL-USD	+0.0050%	1h	574.30	−0.158%	$7K	$54K	10x	as long as short
KuCoin DELLUSDTM	+0.0100%	8h	574.23	−0.170%	$941K	$29K	20x	as long as short
Orderly PERP_DELL_USDC_mythoslong	+0.0100%	8h	575.21	long leg	$3K	$336	10x
HTX DELL-USDT	+0.0100%	8h	575.00	−0.037%	$17K	$59K	10x	as long as short

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit DELLUSDT	+0.0186%	8h	574.33	−0.153%	$6.1M	$3.9M	50x	as long as short
OKX DELL-USDT-SWAP	+0.0385%	8h	574.69	−0.090%	$5.8M	$6.6M	20x	as long as short
edgeX DELLUSDC	+0.0388%	4h	575.09	−0.021%	$5K	$332K	10x	as long as short
Variational Omni DELL	+0.0608%	8h	574.47	−0.128%	$262K	$63K	—	as long as short
GRVT DELL_USDT_Perp	+0.0629%	8h	575.21	0.000%	$857	$153K	10x	as long as short
Binance DELLUSDT	+0.0703%	8h	574.35	−0.150%	$18.5M	$66.0M	20x	as long as short
Extended DELL-USD	+0.0704%	1h	574.19	−0.178%	$333K	$1.2M	10x	as long as short
BloFin DELL-USDT	+0.0705%	8h	575.31	+0.017%	$322K	$220K	20x	as long as short
Nado DELL-PERPshort	+0.0822%	1h	574.17	−0.181%	$69K	$20K	10x
Phoenix DELL	+0.1040%	1h	574.68	−0.092%	$3K	$260K	10x	as long as short