Funding arb · Price arb /

DELL

RWAall DELL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0553%/8h= −60.6% APRpaid last 24h −0.102%

Price spread now: Lighter against edgeX+0.037%7-day average — · you sell dearer than you buy

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

Long on edgeX Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)—no history yet

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

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

The price spread pays, funding is against you. Lighter is 0.037% dearer against edgeX than usual: you sell high and buy low (spread +0.037% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$17 a day in funding at the current rate, which eats that in about 5 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX DELLUSDC	575.23	0.0585	pay 0.0293% / 4h	1h 27m	$5K	$332K	10x
Short	Lighter DELL	575.44	0.0032	get 0.0004% / 1h	27m 06s	$34K	$12K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against edgeX. 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 edgeXbpFee LighterbpOrdersPrice spread, now +0.037%Rate

Funding earned: −$116.2
Price spread: +0.037% → 0.000%: $3.73
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Lighter: 0 bp × 2 orders: $0
Net: −$121.47
Costs to cover: 0.090%
Break-even: never at this rate

Slippage unknown: edgeX: live order book, 19 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 edgeX live order book, 19 min ago	1.30 bp	6.2 bp −$6	91.8 bp −$918	doesn't fit	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 exchanges

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
Injective DELL/USDC PERP	−0.0220%	1h	573.13	−0.364%	$4K	$10K	12x	as long as short
Aster DELLUSDT	0.0000%	8h	574.67	−0.097%	$20K	$49K	20x	as long as short
Bybit DELLUSDT	0.0000%	8h	574.97	−0.044%	$6.2M	$3.8M	50x	as long as short
Bitget DELLUSDT	0.0000%	8h	575.08	−0.025%	$3.7M	$4.6M	20x	as long as short
Lighter DELLshort	+0.0032%	1h	575.44	+0.037%	$34K	$12K	10x
tradeXYZ xyz:DELL	+0.0050%	1h	574.70	−0.091%	$7.6M	$6.8M	10x	as long as short
Polymarket Perps DELL-USD	+0.0050%	1h	575.19	−0.006%	$7K	$55K	10x	as long as short
KuCoin DELLUSDTM	+0.0100%	8h	574.77	−0.079%	$940K	$214K	20x	as long as short
Orderly PERP_DELL_USDC_mythos	+0.0100%	8h	575.83	+0.105%	$3K	$336	10x	as long as short
HTX DELL-USDT	+0.0100%	8h	575.19	−0.006%	$17K	$51K	10x	as long as short

Show all 20 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX DELL-USDT-SWAP	+0.0118%	8h	575.13	−0.017%	$5.8M	$6.8M	20x	as long as short
Gate DELL_USDT	+0.0188%	8h	575.46	+0.041%	$4.0M	$6.6M	50x	as long as short
Variational Omni DELL	+0.0250%	8h	575.61	+0.067%	$258K	$50K	—	as long as short
Extended DELL-USD	+0.0376%	1h	575.06	−0.029%	$334K	$2.6M	10x	as long as short
Binance DELLUSDT	+0.0377%	8h	575.25	+0.004%	$18.4M	$67.6M	20x	as long as short
BloFin DELL-USDT	+0.0380%	8h	575.27	+0.008%	$329K	$241K	20x	as long as short
Nado DELL-PERP	+0.0544%	1h	574.84	−0.067%	$69K	$20K	10x	as long as short
edgeX DELLUSDClong	+0.0585%	4h	575.23	long leg	$5K	$332K	10x
GRVT DELL_USDT_Perp	+0.0775%	8h	575.59	+0.064%	$650	$132K	10x	as long as short
Phoenix DELL	+0.0792%	1h	575.38	+0.027%	$3K	$228K	10x	as long as short