Funding arb · Price arb /

DELL

RWAall DELL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0597%/8h= −65.4% APRpaid last 24h −0.025%

Price spread now: Lighter against Binance+0.046%7-day average — · you sell dearer than you buy

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

Long on Binance Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

The price spread pays, funding is against you. Lighter is 0.046% dearer against Binance than usual: you sell high and buy low (spread +0.046% now, against zero (this spread has no 7-day history yet)): +$5 on $10k if it goes back. Holding the pair costs −$18 a day in funding at the current rate, which eats that in about 6 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance DELLUSDT	577.84	0.0629	pay 0.0629% / 8h	6h 58m	$18.7M	$65.3M	20x
Short	Lighter DELL	578.10	0.0032	get 0.0004% / 1h	58m 26s	$34K	$12K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Binance. 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 BinancebpFee LighterbpOrdersPrice spread, now +0.046%Rate

Funding earned: −$125.4
Price spread: +0.046% → 0.000%: $4.57
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$130.82
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Binance: live order book, 14 min ago; Lighter: 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 Binance live order book, 14 min ago	0.09 bp	9.4 bp −$9	29.4 bp −$294	117.6 bp −$11.8K	doesn't fit
Sell Lighter no order-book sample	—	—	—	—	—

Lighter: 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	577.48	−0.062%	$21K	$50K	20x	as long as short
Lighter DELLshort	+0.0032%	1h	578.10	+0.046%	$34K	$12K	10x
Injective DELL/USDC PERP	+0.0033%	1h	571.67	−1.067%	$8K	$83K	12x	as long as short
tradeXYZ xyz:DELL	+0.0050%	1h	576.97	−0.150%	$7.4M	$6.9M	10x	as long as short
Gate DELL_USDT	+0.0082%	8h	577.60	−0.041%	$4.1M	$7.4M	50x	as long as short
KuCoin DELLUSDTM	+0.0100%	8h	577.47	−0.063%	$946K	$30K	20x	as long as short
Orderly PERP_DELL_USDC_mythos	+0.0100%	8h	578.45	+0.106%	$3K	$336	10x	as long as short
HTX DELL-USDT	+0.0100%	8h	578.46	+0.108%	$18K	$58K	10x	as long as short
Bitget DELLUSDT	+0.0152%	8h	577.74	−0.017%	$3.6M	$4.7M	20x	as long as short
Bybit DELLUSDT	+0.0165%	8h	577.46	−0.065%	$6.1M	$3.9M	50x	as long as short

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps DELL-USD	+0.0265%	1h	577.62	−0.037%	$7K	$54K	10x	as long as short
Variational Omni DELL	+0.0510%	8h	578.19	+0.061%	$262K	$83K	—	as long as short
Extended DELL-USD	+0.0624%	1h	577.87	+0.005%	$336K	$1.2M	10x	as long as short
Nado DELL-PERP	+0.0627%	1h	576.87	−0.168%	$69K	$15K	10x	as long as short
Binance DELLUSDTlong	+0.0629%	8h	577.84	long leg	$18.7M	$65.3M	20x
BloFin DELL-USDT	+0.0643%	8h	578.90	+0.184%	$321K	$221K	20x	as long as short
OKX DELL-USDT-SWAP	+0.0680%	8h	577.88	+0.008%	$5.9M	$6.4M	20x	as long as short
Phoenix DELL	+0.0790%	1h	577.92	+0.015%	$3K	$257K	10x	as long as short
edgeX DELLUSDC	+0.0835%	4h	578.76	+0.159%	$5K	$334K	10x	as long as short
GRVT DELL_USDT_Perp	+0.1191%	8h	578.37	+0.092%	$1K	$158K	10x	as long as short