Funding arb · Price arb /

DELL

RWAall DELL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.020%

Price spread now: HTX against Injective+0.684%65s7-day average — · you sell dearer than you buy

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

Long on Injective Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.075%+$7 on $10k

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

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and HTX is 0.684% dearer against Injective than usual: you sell high and buy low: +$68 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 65 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective DELL/USDC PERP	571.67	0.0033	pay 0.0004% / 1h	40m 01s	$8K	$83K	12x
Short	HTX DELL-USDT	575.58	0.0100	get 0.0100% / 8h	3h 40m	$17K	$59K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Injective. 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 InjectivebpFee HTXbpOrdersPrice spread, now +0.684%Rate

Funding earned: $14
Price spread: +0.684% → 0.000%: $68.4
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee HTX: 6 bp × 2 orders: −$12
Net: $70.38
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: Injective: no order-book sample; HTX: 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 Injective no order-book sample	—	—	—	—	—
Sell HTX no order-book sample	—	—	—	—	—

Injective and HTX: 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	574.54	+0.501%	$20K	$50K	20x	as long as short
Gate DELL_USDT	0.0000%	8h	574.89	+0.563%	$4.1M	$7.2M	50x	as long as short
Bitget DELLUSDT	0.0000%	8h	574.80	+0.548%	$3.6M	$4.6M	20x	as long as short
Lighter DELL	+0.0032%	1h	575.18	+0.614%	$34K	$13K	10x	as long as short
Injective DELL/USDC PERPlong	+0.0033%	1h	571.67	long leg	$8K	$83K	12x
tradeXYZ xyz:DELL	+0.0050%	1h	574.30	+0.460%	$7.6M	$7.0M	10x	as long as short
Polymarket Perps DELL-USD	+0.0050%	1h	574.66	+0.523%	$7K	$54K	10x	as long as short
KuCoin DELLUSDTM	+0.0100%	8h	574.49	+0.493%	$941K	$29K	20x	as long as short
Orderly PERP_DELL_USDC_mythos	+0.0100%	8h	575.45	+0.661%	$3K	$336	10x	as long as short
HTX DELL-USDTshort	+0.0100%	8h	575.58	+0.684%	$17K	$59K	10x

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit DELLUSDT	+0.0193%	8h	574.84	+0.555%	$6.1M	$3.9M	50x	as long as short
OKX DELL-USDT-SWAP	+0.0394%	8h	575.00	+0.583%	$5.8M	$6.6M	20x	as long as short
edgeX DELLUSDC	+0.0467%	4h	575.69	+0.703%	$5K	$333K	10x	as long as short
Variational Omni DELL	+0.0612%	8h	575.11	+0.602%	$262K	$64K	—	as long as short
GRVT DELL_USDT_Perp	+0.0627%	8h	575.82	+0.725%	$916	$153K	10x	as long as short
BloFin DELL-USDT	+0.0677%	8h	575.35	+0.644%	$322K	$219K	20x	as long as short
Extended DELL-USD	+0.0704%	1h	574.47	+0.489%	$334K	$1.2M	10x	as long as short
Binance DELLUSDT	+0.0707%	8h	574.63	+0.518%	$18.5M	$65.9M	20x	as long as short
Nado DELL-PERP	+0.0841%	1h	574.59	+0.511%	$69K	$18K	10x	as long as short
Phoenix DELL	+0.1040%	1h	575.64	+0.694%	$3K	$260K	10x	as long as short