Funding arb · Price arb /

DELL

RWAall DELL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0606%/8h= +66.4% APRpaid last 24h +0.120%

Price spread now: Nado against Orderly−0.228%7-day average — · you buy dearer than you sell

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

Long on Orderly Short on Nado

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropNado: Active · farm boardneeds both histories

Funding pays, the price is against you. Nado is 0.228% cheaper against Orderly than usual: you would sell low and buy high (spread −0.228% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$23 on $10k: about 30 hours of funding at the current rate (+$18 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_DELL_USDC_mythos	572.88	0.0100	pay 0.0100% / 8h	6h 15m	$3K	$336	10x
Short	Nado DELL-PERP	571.57	0.0706	get 0.0088% / 1h	15m 10s	$69K	$20K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Orderly. 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 OrderlybpFee NadobpOrdersPrice spread, now −0.228%Rate

Funding earned: $127.25
Price spread: −0.228% → 0.000%: −$22.84
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Nado: 3.5 bp × 2 orders: −$7
Net: $91.41
Costs to cover: 0.130%
Break-even: 2.0 days

Slippage unknown: Orderly: no order-book sample; Nado: 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 Orderly no order-book sample	—	—	—	—	—
Sell Nado no order-book sample	—	—	—	—	—

Orderly and Nado: 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	−0.203%	$20K	$49K	20x	as long as short
Bybit DELLUSDT	0.0000%	8h	572.63	−0.044%	$6.1M	$3.8M	50x	as long as short
Bitget DELLUSDT	0.0000%	8h	572.77	−0.019%	$3.7M	$4.6M	20x	as long as short
Lighter DELL	+0.0032%	1h	572.74	−0.024%	$34K	$12K	10x	as long as short
Injective DELL/USDC PERP	+0.0033%	1h	571.67	−0.211%	$8K	$83K	12x	as long as short
Gate DELL_USDT	+0.0041%	8h	572.79	−0.016%	$4.0M	$6.6M	50x	as long as short
tradeXYZ xyz:DELL	+0.0050%	1h	572.05	−0.145%	$7.6M	$6.8M	10x	as long as short
Polymarket Perps DELL-USD	+0.0050%	1h	571.40	−0.258%	$7K	$55K	10x	as long as short
Variational Omni DELL	+0.0090%	8h	572.92	+0.007%	$258K	$61K	—	as long as short
KuCoin DELLUSDTM	+0.0100%	8h	571.90	−0.171%	$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_mythoslong	+0.0100%	8h	572.88	long leg	$3K	$336	10x
HTX DELL-USDT	+0.0100%	8h	572.84	−0.007%	$18K	$58K	10x	as long as short
OKX DELL-USDT-SWAP	+0.0102%	8h	572.79	−0.016%	$5.8M	$6.7M	20x	as long as short
Extended DELL-USD	+0.0192%	1h	572.78	−0.017%	$331K	$2.6M	10x	as long as short
Binance DELLUSDT	+0.0193%	8h	573.00	+0.021%	$18.2M	$66.7M	20x	as long as short
GRVT DELL_USDT_Perp	+0.0195%	8h	572.16	−0.125%	$629	$133K	10x	as long as short
BloFin DELL-USDT	+0.0204%	8h	573.05	+0.030%	$325K	$237K	20x	as long as short
Phoenix DELL	+0.0293%	1h	571.75	−0.197%	$3K	$228K	10x	as long as short
edgeX DELLUSDC	+0.0453%	4h	572.25	−0.109%	$5K	$334K	10x	as long as short
Nado DELL-PERPshort	+0.0706%	1h	571.57	−0.228%	$69K	$20K	10x