Funding arb · Price arb /

DELL

RWAall DELL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0421%/8h= +46.1% APRpaid last 24h +0.102%

Price spread now: edgeX against Lighter−0.085%7-day average — · you buy dearer than you sell

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

Long on Lighter Short on edgeX

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 airdropLighter: Season 3 · edgeX: Active · farm boardneeds both histories

Funding pays, the price is against you. edgeX is 0.085% cheaper against Lighter than usual: you would sell low and buy high (spread −0.085% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$8 on $10k: about 16 hours of funding at the current rate (+$13 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter DELL	572.74	0.0032	pay 0.0004% / 1h	15m 15s	$34K	$12K	10x
Short	edgeX DELLUSDC	572.25	0.0453	get 0.0226% / 4h	2h 15m	$5K	$334K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Lighter. 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 LighterbpFee edgeXbpOrdersPrice spread, now −0.085%Rate

Funding earned: $88.32
Price spread: −0.085% → 0.000%: −$8.48
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $70.84
Costs to cover: 0.090%
Break-even: 1.4 days

Slippage unknown: Lighter: no order-book sample; edgeX: live order book, 36 min ago. 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 Lighter no order-book sample	—	—	—	—	—
Sell edgeX live order book, 36 min ago	1.22 bp	6.0 bp −$6	91.5 bp −$915	doesn't fit	doesn't fit

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
Aster DELLUSDT	0.0000%	8h	571.72	−0.179%	$20K	$49K	20x	as long as short
Bybit DELLUSDT	0.0000%	8h	572.63	−0.019%	$6.1M	$3.8M	50x	as long as short
Bitget DELLUSDT	0.0000%	8h	572.77	+0.005%	$3.7M	$4.6M	20x	as long as short
Lighter DELLlong	+0.0032%	1h	572.74	long leg	$34K	$12K	10x
Injective DELL/USDC PERP	+0.0033%	1h	571.67	−0.187%	$8K	$83K	12x	as long as short
Gate DELL_USDT	+0.0041%	8h	572.79	+0.009%	$4.0M	$6.6M	50x	as long as short
tradeXYZ xyz:DELL	+0.0050%	1h	572.05	−0.120%	$7.6M	$6.8M	10x	as long as short
Polymarket Perps DELL-USD	+0.0050%	1h	571.40	−0.234%	$7K	$55K	10x	as long as short
Variational Omni DELL	+0.0090%	8h	572.92	+0.032%	$258K	$61K	—	as long as short
KuCoin DELLUSDTM	+0.0100%	8h	571.90	−0.147%	$936K	$160K	20x	as long as short

Show all 20 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_DELL_USDC_mythos	+0.0100%	8h	572.88	+0.024%	$3K	$336	10x	as long as short
HTX DELL-USDT	+0.0100%	8h	572.84	+0.017%	$18K	$58K	10x	as long as short
OKX DELL-USDT-SWAP	+0.0102%	8h	572.79	+0.009%	$5.8M	$6.7M	20x	as long as short
Extended DELL-USD	+0.0192%	1h	572.78	+0.007%	$331K	$2.6M	10x	as long as short
Binance DELLUSDT	+0.0193%	8h	573.00	+0.045%	$18.2M	$66.7M	20x	as long as short
GRVT DELL_USDT_Perp	+0.0195%	8h	572.16	−0.101%	$629	$133K	10x	as long as short
BloFin DELL-USDT	+0.0204%	8h	573.05	+0.054%	$325K	$237K	20x	as long as short
Phoenix DELL	+0.0293%	1h	571.75	−0.173%	$3K	$228K	10x	as long as short
edgeX DELLUSDCshort	+0.0453%	4h	572.25	−0.085%	$5K	$334K	10x
Nado DELL-PERP	+0.0706%	1h	571.57	−0.204%	$69K	$20K	10x	as long as short