Settings8H · net · $10k
Funding arb · Price arb /

DELL

RWAall DELL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC+0.0509%/8h= +55.8% APRnext payment +$0.64 per $10,000 · paid last 24h +0.037%
Price spread now: Extended against tradeXYZ+0.053%7-day average −0.007% · you sell dearer than you buy
Net, funding: paid 7d − costs−$64as in the Funding arb table
Net, price: spread back to 7d avg − costs−$53as in the Price arb table
costs, in and out, $10k−$590.588% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.055%−$5 on $10k
Price spread, last 7 days−0.168%−$17 · spread now +0.053%, 7d avg −0.007%
Together, before fees−0.223%+ Points / potential airdroptradeXYZ: Active · Extended: Active · farm board−$22 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$15 a day on $10k at the current rate, and Extended is 0.060% dearer against tradeXYZ than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.007%. Mind the row above: over the last 7 days funding on this pair cost −0.055%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.055% in total (about -2.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.64 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongtradeXYZ xyz:DELL572.980.0099pay 0.0012% / 1h51m 20s$7.5M$7.0M10x
ShortExtended DELL-USD573.280.0608get 0.0076% / 1h51m 20s$337K$1.1M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended against tradeXYZ. 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

Funding earned
$106.95
Price spread: +0.053% → −0.007%
$6.02
Slippage, 4 orders
−$35.79
Fee tradeXYZ: 9 bp × 2 orders
−$18
Fee Extended: 2.5 bp × 2 orders
−$5
Net
$54.18
Costs to cover
0.588%
Break-even
3.5 days
Slippage from tradeXYZ: live order book, 6 min ago; Extended: live order book, 2 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy tradeXYZ live order book, 6 min ago0.87 bp11.8 bp −$12doesn't fitdoesn't fitdoesn't fit
Sell Extended live order book, 2 min ago2.44 bp16.7 bp −$17185.1 bp −$1,851doesn't fitdoesn't fit

DELL on 20 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster DELLUSDT0.0000%8h572.67−0.054%$20K$50K20xas long as short
Gate DELL_USDT0.0000%8h573.22+0.042%$4.1M$7.1M50xas long as short
Bitget DELLUSDT0.0000%8h573.42+0.077%$3.6M$4.7M20xas long as short
Lighter DELL+0.0032%1h573.45+0.082%$34K$12K10xas long as short
Injective DELL/USDC PERP+0.0033%1h571.67−0.229%$8K$83K12xas long as short
tradeXYZ xyz:DELLlong+0.0099%1h572.98long leg$7.5M$7.0M10x
KuCoin DELLUSDTM+0.0100%8h572.82−0.028%$938K$28K20xas long as short
Orderly PERP_DELL_USDC_mythos+0.0100%8h573.72+0.129%$3K$33610xas long as short
HTX DELL-USDT+0.0100%8h573.90+0.161%$17K$58K10xas long as short
Bybit DELLUSDT+0.0131%8h573.10+0.021%$6.1M$4.0M50xas long as short
Show all 20 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Polymarket Perps DELL-USD+0.0160%1h573.13+0.026%$7K$54K10xas long as short
OKX DELL-USDT-SWAP+0.0280%8h573.48+0.087%$5.8M$6.7M20xas long as short
edgeX DELLUSDC+0.0468%4h573.88+0.158%$5K$334K10xas long as short
Variational Omni DELL+0.0527%8h574.45+0.257%$259K$61Kas long as short
GRVT DELL_USDT_Perp+0.0558%8h574.11+0.197%$626$148K10xas long as short
Extended DELL-USDshort+0.0608%1h573.28+0.053%$337K$1.1M10x
Binance DELLUSDT+0.0612%8h573.40+0.073%$18.4M$66.9M20xas long as short
BloFin DELL-USDT+0.0621%8h573.96+0.171%$322K$233K20xas long as short
Phoenix DELL+0.0863%1h573.62+0.112%$3K$228K10xas long as short
Nado DELL-PERP+0.0911%1h572.51−0.081%$69K$20K10xas long as short