Funding arb · Price arb /

DELL

RWAall DELL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0707%/8h= +77.4% APRpaid last 24h +0.062%

Price spread now: Nado against Variational Omni−0.117%7-day average — · you buy dearer than you sell

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

Long on Variational Omni 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 airdropVariational Omni: Active · Nado: Active · farm boardneeds both histories

Funding pays, the price is against you. Nado is 0.117% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.117% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$12 on $10k: about 13 hours of funding at the current rate (+$21 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni DELL	575.58	0	get 0.0000% / 8h	1h 27m	$260K	$82K	—
Short	Nado DELL-PERP	574.91	0.0707	get 0.0088% / 1h	27m 40s	$70K	$13K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Variational Omni. 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 Variational OmnibpFee NadobpOrdersPrice spread, now −0.117%Rate

Funding earned: $148.5
Price spread: −0.117% → 0.000%: −$11.69
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Nado: 3.5 bp × 2 orders: −$7
Net: $129.81
Costs to cover: 0.070%
Break-even: 0.9 days

Slippage unknown: Variational Omni: RFQ quote, 56 min ago; 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 Variational Omni RFQ quote, 56 min ago	3.41 bp	doesn't fit	53.8 bp −$538	doesn't fit	doesn't fit
Sell Nado no order-book sample	—	—	—	—	—

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
BloFin DELL-USDT	−0.0014%	8h	575.79	+0.036%	$318K	$218K	20x	as long as short
Aster DELLUSDT	0.0000%	8h	575.01	−0.100%	$21K	$50K	20x	as long as short
Extended DELL-USD	0.0000%	1h	575.77	+0.033%	$338K	$1.1M	10x	as long as short
Binance DELLUSDT	0.0000%	8h	575.88	+0.052%	$18.7M	$65.6M	20x	as long as short
Gate DELL_USDT	0.0000%	8h	575.59	+0.001%	$4.5M	$7.8M	50x	as long as short
Variational Omni DELLlong	0.0000%	8h	575.58	long leg	$260K	$82K	—
GRVT DELL_USDT_Perp	0.0000%	8h	575.71	+0.022%	$1K	$178K	10x	as long as short
Lighter DELL	+0.0032%	1h	575.93	+0.060%	$34K	$11K	10x	as long as short
Bitget DELLUSDT	+0.0032%	8h	575.36	−0.039%	$3.3M	$4.6M	20x	as long as short
Injective DELL/USDC PERP	+0.0033%	1h	571.67	−0.680%	$8K	$83K	12x	as long as short

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:DELL	+0.0050%	1h	574.86	−0.126%	$7.4M	$7.2M	10x	as long as short
KuCoin DELLUSDTM	+0.0100%	8h	575.29	−0.051%	$943K	$32K	20x	as long as short
Orderly PERP_DELL_USDC_mythos	+0.0100%	8h	576.18	+0.104%	$3K	$336	10x	as long as short
HTX DELL-USDT	+0.0100%	8h	576.52	+0.163%	$18K	$58K	10x	as long as short
Bybit DELLUSDT	+0.0191%	8h	575.61	+0.005%	$5.9M	$3.6M	50x	as long as short
Polymarket Perps DELL-USD	+0.0283%	1h	575.52	−0.011%	$754	$23K	10x	as long as short
OKX DELL-USDT-SWAP	+0.0403%	8h	575.76	+0.031%	$5.9M	$6.8M	20x	as long as short
Phoenix DELL	+0.0528%	1h	575.05	−0.093%	$3K	$280K	10x	as long as short
Nado DELL-PERPshort	+0.0707%	1h	574.91	−0.117%	$70K	$13K	10x
edgeX DELLUSDC	+0.0947%	4h	575.66	+0.013%	$5K	$334K	10x	as long as short