Funding arb · Price arb /

DELL

RWAall DELL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0522%/8h= −57.2% APRpaid last 24h +0.005%

Price spread now: Polymarket Perps against Binance−0.010%46s7-day average — · you buy dearer than you sell

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

Long on Binance Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.288%+$29 on $10k

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

Together, before fees—needs both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$16 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.288%, so the current rate has only just turned against you. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.288% in total (about 15.0% 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.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance DELLUSDT	570.86	0.0572	pay 0.0572% / 8h	2h 26m	$18.3M	$66.6M	20x
Short	Polymarket Perps DELL-USD	570.80	0.0050	get 0.0006% / 1h	26m 46s	$7K	$54K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now −0.010%Rate

Funding earned: −$109.72
Price spread: −0.010% → 0.000%: −$1.05
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$128.77
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Binance: live order book, 16 min ago; Polymarket Perps: 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, 16 min ago	0.09 bp	10.8 bp −$11	33.7 bp −$337	doesn't fit	doesn't fit
Sell Polymarket Perps no order-book sample	—	—	—	—	—

Polymarket Perps: 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	570.69	−0.029%	$20K	$50K	20x	as long as short
Gate DELL_USDT	0.0000%	8h	570.83	−0.005%	$4.1M	$7.2M	50x	as long as short
Bitget DELLUSDT	0.0000%	8h	571.00	+0.025%	$3.6M	$4.7M	20x	as long as short
Lighter DELL	+0.0032%	1h	571.20	+0.060%	$33K	$13K	10x	as long as short
Injective DELL/USDC PERP	+0.0033%	1h	571.67	+0.142%	$8K	$83K	12x	as long as short
tradeXYZ xyz:DELL	+0.0050%	1h	570.46	−0.070%	$7.5M	$7.0M	10x	as long as short
Polymarket Perps DELL-USDshort	+0.0050%	1h	570.80	−0.010%	$7K	$54K	10x
Bybit DELLUSDT	+0.0066%	8h	570.67	−0.033%	$6.1M	$4.0M	50x	as long as short
KuCoin DELLUSDTM	+0.0100%	8h	570.55	−0.054%	$936K	$28K	20x	as long as short
Orderly PERP_DELL_USDC_mythos	+0.0100%	8h	571.31	+0.079%	$3K	$336	10x	as long as short

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX DELL-USDT	+0.0100%	8h	571.49	+0.110%	$17K	$59K	10x	as long as short
OKX DELL-USDT-SWAP	+0.0264%	8h	570.85	−0.002%	$5.8M	$6.6M	20x	as long as short
GRVT DELL_USDT_Perp	+0.0474%	8h	571.75	+0.157%	$972	$151K	10x	as long as short
Variational Omni DELL	+0.0492%	8h	571.31	+0.078%	$258K	$64K	—	as long as short
Binance DELLUSDTlong	+0.0572%	8h	570.86	long leg	$18.3M	$66.6M	20x
Extended DELL-USD	+0.0576%	1h	570.74	−0.021%	$335K	$1.1M	10x	as long as short
BloFin DELL-USDT	+0.0595%	8h	571.12	+0.046%	$322K	$231K	20x	as long as short
Phoenix DELL	+0.0685%	1h	571.76	+0.158%	$3K	$260K	10x	as long as short
Nado DELL-PERP	+0.0708%	1h	570.60	−0.045%	$68K	$20K	10x	as long as short
edgeX DELLUSDC	+0.0843%	4h	571.77	+0.159%	$5K	$332K	10x	as long as short