Funding arb · Price arb /

DELL

RWAall DELL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0014%/8h= −1.6% APRpaid last 24h −0.006%

Price spread now: tradeXYZ against Bybit−0.080%7-day average −0.039% · you buy dearer than you sell

Net, funding: paid 7d − costs−$50as in the Funding arb table

Net, price: spread back to 7d avg − costs−$54as in the Price arb table

costs, in and out, $10k−$500.498% of the position

Long on Bybit Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.001%$0 on $10k

Price spread, last 7 days+0.108%+$11 · spread now −0.080%, 7d avg −0.039%

Together, before fees+0.109%+ Points / potential airdroptradeXYZ: Active · farm board+$11 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and tradeXYZ is 0.041% cheaper against Bybit than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.039%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit DELLUSDT	575.94	0.0064	pay 0.0064% / 8h	6h 12m	$6.1M	$3.9M	50x
Short	tradeXYZ xyz:DELL	575.48	0.0050	get 0.0006% / 1h	12m 50s	$7.5M	$7.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.080%Rate

Funding earned: −$3.01
Price spread: −0.080% → −0.039%: −$4.1
Slippage, 4 orders: −$20.84
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$56.95
Costs to cover: 0.498%
Break-even: never at this rate

Slippage from Bybit: live order book, 5 min ago; tradeXYZ: live order book, 6 min ago.

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, 5 min ago	2.26 bp	14.7 bp −$15	82.0 bp −$820	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 6 min ago	0.69 bp	11.6 bp −$12	doesn't fit	doesn't fit	doesn't fit

DELL on 19 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	576.15	+0.036%	$21K	$50K	20x	as long as short
Gate DELL_USDT	0.0000%	8h	575.93	−0.002%	$4.1M	$7.5M	50x	as long as short
Bitget DELLUSDT	0.0000%	8h	576.02	+0.014%	$3.6M	$4.6M	20x	as long as short
Lighter DELL	+0.0032%	1h	576.50	+0.097%	$34K	$12K	10x	as long as short
Injective DELL/USDC PERP	+0.0033%	1h	571.67	−0.741%	$8K	$83K	12x	as long as short
tradeXYZ xyz:DELLshort	+0.0050%	1h	575.48	−0.080%	$7.5M	$7.0M	10x
Bybit DELLUSDTlong	+0.0064%	8h	575.94	long leg	$6.1M	$3.9M	50x
KuCoin DELLUSDTM	+0.0100%	8h	575.74	−0.035%	$943K	$30K	20x	as long as short
Orderly PERP_DELL_USDC_mythos	+0.0100%	8h	576.71	+0.134%	$3K	$336	10x	as long as short
HTX DELL-USDT	+0.0100%	8h	576.45	+0.089%	$17K	$58K	10x	as long as short

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps DELL-USD	+0.0178%	1h	575.91	−0.005%	$7K	$55K	10x	as long as short
Variational Omni DELL	+0.0521%	8h	576.33	+0.067%	$263K	$87K	—	as long as short
OKX DELL-USDT-SWAP	+0.0618%	8h	575.93	−0.002%	$5.9M	$6.5M	20x	as long as short
Extended DELL-USD	+0.0632%	1h	576.00	+0.011%	$339K	$1.2M	10x	as long as short
Binance DELLUSDT	+0.0633%	8h	576.15	+0.036%	$18.7M	$65.2M	20x	as long as short
GRVT DELL_USDT_Perp	+0.0715%	8h	576.52	+0.102%	$1K	$153K	10x	as long as short
Nado DELL-PERP	+0.0768%	1h	575.74	−0.034%	$69K	$18K	10x	as long as short
Phoenix DELL	+0.0789%	1h	576.06	+0.021%	$3K	$258K	10x	as long as short
edgeX DELLUSDC	+0.0815%	4h	576.33	+0.067%	$5K	$335K	10x	as long as short