Funding arb · Price arb /

DELL

RWAall DELL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0646%/8h= −70.8% APRpaid last 24h −0.050%

Price spread now: Lighter against OKX+0.062%7-day average — · you sell dearer than you buy

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

Long on OKX Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 5 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 · farm boardneeds both histories

The price spread pays, funding is against you. Lighter is 0.062% dearer against OKX than usual: you sell high and buy low (spread +0.062% now, against zero (this spread has no 7-day history yet)): +$6 on $10k if it goes back. Holding the pair costs −$19 a day in funding at the current rate, which eats that in about 8 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX DELL-USDT-SWAP	577.62	0.0678	pay 0.0678% / 8h	6h 57m	$5.9M	$6.4M	20x
Short	Lighter DELL	577.98	0.0032	get 0.0004% / 1h	57m 17s	$34K	$12K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against OKX. 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 OKXbpFee LighterbpOrdersPrice spread, now +0.062%Rate

Funding earned: −$135.71
Price spread: +0.062% → 0.000%: $6.23
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$139.48
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: OKX: live order book, 6 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 OKX live order book, 6 min ago	1.12 bp	21.7 bp −$22	65.4 bp −$654	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 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	577.14	−0.082%	$21K	$50K	20x	as long as short
Lighter DELLshort	+0.0032%	1h	577.98	+0.062%	$34K	$12K	10x
Injective DELL/USDC PERP	+0.0033%	1h	571.67	−1.030%	$8K	$83K	12x	as long as short
tradeXYZ xyz:DELL	+0.0050%	1h	576.90	−0.125%	$7.4M	$6.9M	10x	as long as short
Gate DELL_USDT	+0.0064%	8h	577.48	−0.024%	$4.1M	$7.4M	50x	as long as short
KuCoin DELLUSDTM	+0.0100%	8h	577.22	−0.069%	$946K	$30K	20x	as long as short
Orderly PERP_DELL_USDC_mythos	+0.0100%	8h	578.21	+0.102%	$3K	$336	10x	as long as short
HTX DELL-USDT	+0.0100%	8h	578.46	+0.145%	$18K	$58K	10x	as long as short
Bitget DELLUSDT	+0.0142%	8h	577.38	−0.042%	$3.6M	$4.7M	20x	as long as short
Bybit DELLUSDT	+0.0157%	8h	577.32	−0.052%	$6.1M	$3.9M	50x	as long as short

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps DELL-USD	+0.0158%	1h	577.46	−0.028%	$7K	$54K	10x	as long as short
edgeX DELLUSDC	+0.0255%	4h	578.46	+0.146%	$5K	$332K	10x	as long as short
Variational Omni DELL	+0.0510%	8h	578.19	+0.098%	$262K	$83K	—	as long as short
Binance DELLUSDT	+0.0629%	8h	577.59	−0.005%	$18.7M	$65.2M	20x	as long as short
Extended DELL-USD	+0.0632%	1h	577.45	−0.030%	$336K	$1.2M	10x	as long as short
BloFin DELL-USDT	+0.0643%	8h	578.90	+0.222%	$321K	$221K	20x	as long as short
OKX DELL-USDT-SWAPlong	+0.0678%	8h	577.62	long leg	$5.9M	$6.4M	20x
Nado DELL-PERP	+0.0679%	1h	577.12	−0.087%	$69K	$15K	10x	as long as short
Phoenix DELL	+0.0790%	1h	577.75	+0.023%	$3K	$258K	10x	as long as short
GRVT DELL_USDT_Perp	+0.1165%	8h	578.63	+0.175%	$1K	$158K	10x	as long as short