Funding arb · Price arb /

DELL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0229%/8h= −25.0% APRpaid last 24h +0.001%

Price spread now: Gate against Polymarket Perps+0.028%7-day average — · you sell dearer than you buy

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

Long on Polymarket Perps Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.011%+$1 on $10k

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

Together, before fees—needs both histories

The price spread pays, funding is against you. Gate is 0.028% dearer against Polymarket Perps than usual: you sell high and buy low (spread +0.028% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 10 hours.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.011% in total (about 0.6% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps DELL-USD	573.46	0.0229	pay 0.0029% / 1h	18m 01s	$7K	$54K	10x
Short	Gate DELL_USDT	573.62	0	get 0.0000% / 8h	1h 18m	$4.1M	$7.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Polymarket Perps. 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 Polymarket PerpsbpFee GatebpOrdersPrice spread, now +0.028%Rate

Funding earned: −$48
Price spread: +0.028% → 0.000%: $2.79
Slippage, 4 orders: no order book: not counted
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$68.21
Costs to cover: 0.230%
Break-even: never at this rate

Slippage unknown: Polymarket Perps: no order-book sample; Gate: live order book, just now. 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 Polymarket Perps no order-book sample	—	—	—	—	—
Sell Gate live order book, just now	4.01 bp	16.9 bp −$17	36.4 bp −$364	74.5 bp −$7,452	doesn't fit

Polymarket Perps: 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	573.12	−0.059%	$20K	$49K	20x	as long as short
Gate DELL_USDTshort	0.0000%	8h	573.62	+0.028%	$4.1M	$7.2M	50x
Bitget DELLUSDT	0.0000%	8h	573.56	+0.017%	$3.6M	$4.7M	20x	as long as short
Lighter DELL	+0.0032%	1h	573.86	+0.070%	$34K	$12K	10x	as long as short
Injective DELL/USDC PERP	+0.0033%	1h	571.67	−0.312%	$8K	$83K	12x	as long as short
KuCoin DELLUSDTM	+0.0100%	8h	573.18	−0.049%	$940K	$28K	20x	as long as short
Orderly PERP_DELL_USDC_mythos	+0.0100%	8h	574.24	+0.136%	$3K	$336	10x	as long as short
HTX DELL-USDT	+0.0100%	8h	573.49	+0.005%	$17K	$58K	10x	as long as short
Bybit DELLUSDT	+0.0121%	8h	573.22	−0.042%	$6.1M	$4.0M	50x	as long as short
tradeXYZ xyz:DELL	+0.0126%	1h	573.16	−0.052%	$7.5M	$6.9M	10x	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-USDlong	+0.0229%	1h	573.46	long leg	$7K	$54K	10x
OKX DELL-USDT-SWAP	+0.0267%	8h	573.55	+0.016%	$5.8M	$6.7M	20x	as long as short
edgeX DELLUSDC	+0.0384%	4h	574.10	+0.112%	$5K	$334K	10x	as long as short
Variational Omni DELL	+0.0491%	8h	573.93	+0.082%	$259K	$61K	—	as long as short
BloFin DELL-USDT	+0.0565%	8h	573.51	+0.009%	$321K	$234K	20x	as long as short
GRVT DELL_USDT_Perp	+0.0567%	8h	574.10	+0.112%	$1K	$147K	10x	as long as short
Extended DELL-USD	+0.0576%	1h	573.53	+0.012%	$335K	$1.1M	10x	as long as short
Binance DELLUSDT	+0.0578%	8h	573.67	+0.037%	$18.4M	$67.0M	20x	as long as short
Phoenix DELL	+0.0863%	1h	573.85	+0.068%	$3K	$228K	10x	as long as short
Nado DELL-PERP	+0.0905%	1h	573.01	−0.078%	$69K	$20K	10x	as long as short