Funding arb · Price arb /

DELL

RWAall DELL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0636%/8h= +69.6% APRpaid last 24h +0.092%

Price spread now: Nado against Bybit−0.119%7-day average — · you buy dearer than you sell

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

Long on Bybit 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 airdropNado: Active · farm boardneeds both histories

Funding pays, the price is against you. Nado is 0.119% cheaper against Bybit than usual: you would sell low and buy high (spread −0.119% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$12 on $10k: about 15 hours of funding at the current rate (+$19 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit DELLUSDT	575.40	0.0198	pay 0.0198% / 8h	3h 42m	$6.1M	$3.9M	50x
Short	Nado DELL-PERP	574.71	0.0834	get 0.0104% / 1h	42m 04s	$69K	$18K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Bybit. 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 BybitbpFee NadobpOrdersPrice spread, now −0.119%Rate

Funding earned: $133.54
Price spread: −0.119% → 0.000%: −$11.93
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Nado: 3.5 bp × 2 orders: −$7
Net: $103.62
Costs to cover: 0.180%
Break-even: 1.6 days

Slippage unknown: Bybit: live order book, 1 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 Bybit live order book, 1 min ago	1.91 bp	16.3 bp −$16	87.1 bp −$871	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
Aster DELLUSDT	0.0000%	8h	574.88	−0.090%	$21K	$50K	20x	as long as short
Gate DELL_USDT	0.0000%	8h	575.37	−0.005%	$4.1M	$7.2M	50x	as long as short
Bitget DELLUSDT	0.0000%	8h	575.52	+0.021%	$3.6M	$4.6M	20x	as long as short
Lighter DELL	+0.0032%	1h	575.74	+0.059%	$34K	$13K	10x	as long as short
Injective DELL/USDC PERP	+0.0033%	1h	571.67	−0.648%	$8K	$83K	12x	as long as short
tradeXYZ xyz:DELL	+0.0050%	1h	574.62	−0.136%	$7.6M	$7.0M	10x	as long as short
Polymarket Perps DELL-USD	+0.0050%	1h	575.48	+0.014%	$7K	$54K	10x	as long as short
KuCoin DELLUSDTM	+0.0100%	8h	574.97	−0.075%	$941K	$29K	20x	as long as short
Orderly PERP_DELL_USDC_mythos	+0.0100%	8h	576.34	+0.163%	$3K	$336	10x	as long as short
HTX DELL-USDT	+0.0100%	8h	575.94	+0.094%	$17K	$59K	10x	as long as short

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit DELLUSDTlong	+0.0198%	8h	575.40	long leg	$6.1M	$3.9M	50x
OKX DELL-USDT-SWAP	+0.0399%	8h	575.68	+0.049%	$5.9M	$6.6M	20x	as long as short
Variational Omni DELL	+0.0607%	8h	576.02	+0.108%	$262K	$64K	—	as long as short
GRVT DELL_USDT_Perp	+0.0627%	8h	575.82	+0.072%	$916	$153K	10x	as long as short
BloFin DELL-USDT	+0.0684%	8h	575.85	+0.078%	$322K	$220K	20x	as long as short
Extended DELL-USD	+0.0704%	1h	575.61	+0.036%	$334K	$1.2M	10x	as long as short
Binance DELLUSDT	+0.0705%	8h	575.47	+0.012%	$18.5M	$65.9M	20x	as long as short
edgeX DELLUSDC	+0.0828%	4h	575.93	+0.092%	$5K	$335K	10x	as long as short
Nado DELL-PERPshort	+0.0834%	1h	574.71	−0.119%	$69K	$18K	10x
Phoenix DELL	+0.1040%	1h	575.64	+0.042%	$3K	$260K	10x	as long as short