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

DELL

RWAall DELL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC+0.0348%/8h= +38.1% APRpaid last 24h +0.044%
Price spread now: OKX against tradeXYZ+0.084%7-day average +0.075% · you sell dearer than you buy
Net, funding: paid 7d − costs−$47as in the Funding arb table
Net, price: spread back to 7d avg − costs−$51as in the Price arb table
costs, in and out, $10k−$520.521% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.052%+$5 on $10k
Price spread, last 7 days−0.073%−$7 · spread now +0.084%, 7d avg +0.075%
Together, before fees−0.020%+ Points / potential airdroptradeXYZ: Active · farm board−$2 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.075%, so right now this pair is about funding alone: +$10 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.052% in total (about 2.7% a year). A funding rate is set anew for every payment. 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:DELL574.800.0050pay 0.0006% / 1h41m 02s$7.6M$7.0M10x
ShortOKX DELL-USDT-SWAP575.280.0398get 0.0398% / 8h3h 41m$5.9M$6.6M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX 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
$73.04
Price spread: +0.084% → +0.075%
$0.84
Slippage, 4 orders
−$24.07
Fee tradeXYZ: 9 bp × 2 orders
−$18
Fee OKX: 5 bp × 2 orders
−$10
Net
$21.82
Costs to cover
0.521%
Break-even
4.9 days
Slippage from tradeXYZ: live order book, 7 min ago; OKX: 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, 7 min ago0.78 bp10.7 bp −$11doesn't fitdoesn't fitdoesn't fit
Sell OKX live order book, 2 min ago1.13 bp13.4 bp −$1362.5 bp −$625doesn'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%8h574.73−0.012%$21K$50K20xas long as short
Gate DELL_USDT0.0000%8h575.16+0.063%$4.1M$7.2M50xas long as short
Bitget DELLUSDT0.0000%8h575.18+0.066%$3.6M$4.6M20xas long as short
Lighter DELL+0.0032%1h575.60+0.139%$34K$13K10xas long as short
Injective DELL/USDC PERP+0.0033%1h571.67−0.545%$8K$83K12xas long as short
tradeXYZ xyz:DELLlong+0.0050%1h574.80long leg$7.6M$7.0M10x
Polymarket Perps DELL-USD+0.0050%1h575.09+0.050%$7K$54K10xas long as short
KuCoin DELLUSDTM+0.0100%8h574.88+0.014%$941K$29K20xas long as short
Orderly PERP_DELL_USDC_mythos+0.0100%8h575.82+0.177%$3K$33610xas long as short
HTX DELL-USDT+0.0100%8h575.58+0.136%$17K$59K10xas long as short
Show all 20 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit DELLUSDT+0.0197%8h575.13+0.057%$6.1M$3.9M50xas long as short
OKX DELL-USDT-SWAPshort+0.0398%8h575.28+0.084%$5.9M$6.6M20x
edgeX DELLUSDC+0.0467%4h575.69+0.154%$5K$333K10xas long as short
Variational Omni DELL+0.0612%8h575.11+0.054%$262K$64Kas long as short
GRVT DELL_USDT_Perp+0.0627%8h575.82+0.177%$916$153K10xas long as short
BloFin DELL-USDT+0.0677%8h575.35+0.096%$322K$219K20xas long as short
Extended DELL-USD+0.0704%1h575.09+0.050%$334K$1.2M10xas long as short
Binance DELLUSDT+0.0706%8h575.32+0.090%$18.5M$65.9M20xas long as short
Nado DELL-PERP+0.0845%1h574.66−0.024%$69K$18K10xas long as short
Phoenix DELL+0.1040%1h575.64+0.146%$3K$260K10xas long as short