Settings8H · net · $10k
Funding arb · Price arb /

DELL

RWAall DELL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC+0.0584%/8h= +64.0% APRpaid last 24h +0.022%
Price spread now: Binance against tradeXYZ+0.122%7-day average +0.069% · you sell dearer than you buy
Net, funding: paid 7d − costs−$49as in the Funding arb table
Net, price: spread back to 7d avg − costs−$37as in the Price arb table
costs, in and out, $10k−$420.419% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.076%−$8 on $10k
Price spread, last 2 days (all we have)−0.052%−$5 · spread now +0.122%, 7d avg +0.069%
Together, before fees−0.128%+ Points / potential airdroptradeXYZ: Active · farm board−$13 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$18 a day on $10k at the current rate, and Binance is 0.053% dearer against tradeXYZ than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.069%. Mind the row above: over the last 7 days funding on this pair cost −0.076%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.076% in total (about -4.0% 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.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongtradeXYZ xyz:DELL575.690.0050pay 0.0006% / 1h14m 29s$7.5M$7.0M10x
ShortBinance DELLUSDT576.390.0634get 0.0634% / 8h6h 14m$18.7M$65.2M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance against tradeXYZ. 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

Funding earned
$122.69
Price spread: +0.122% → +0.069%
$5.29
Slippage, 4 orders
−$13.87
Fee tradeXYZ: 9 bp × 2 orders
−$18
Fee Binance: 5 bp × 2 orders
−$10
Net
$86.11
Costs to cover
0.419%
Break-even
2.1 days
Slippage from tradeXYZ: live order book, 4 min ago; Binance: live order book, 13 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy tradeXYZ live order book, 4 min ago0.69 bp9.7 bp −$10doesn't fitdoesn't fitdoesn't fit
Sell Binance live order book, 13 min ago0.61 bp9.9 bp −$1025.5 bp −$25594.8 bp −$9,478doesn't fit

DELL on 19 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster DELLUSDT0.0000%8h576.24+0.096%$21K$50K20xas long as short
Gate DELL_USDT0.0000%8h576.09+0.069%$4.1M$7.5M50xas long as short
Bitget DELLUSDT0.0000%8h576.17+0.083%$3.6M$4.6M20xas long as short
Lighter DELL+0.0032%1h576.66+0.168%$34K$12K10xas long as short
Injective DELL/USDC PERP+0.0033%1h571.67−0.698%$8K$83K12xas long as short
tradeXYZ xyz:DELLlong+0.0050%1h575.69long leg$7.5M$7.0M10x
Bybit DELLUSDT+0.0070%8h576.16+0.082%$6.1M$3.9M50xas long as short
KuCoin DELLUSDTM+0.0100%8h575.94+0.043%$944K$30K20xas long as short
Orderly PERP_DELL_USDC_mythos+0.0100%8h577.13+0.250%$3K$33610xas long as short
HTX DELL-USDT+0.0100%8h577.17+0.257%$18K$58K10xas long as short
Show all 19 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Polymarket Perps DELL-USD+0.0178%1h575.90+0.036%$7K$55K10xas long as short
Variational Omni DELL+0.0521%8h576.33+0.111%$263K$87Kas long as short
OKX DELL-USDT-SWAP+0.0623%8h575.93+0.042%$5.9M$6.5M20xas long as short
Extended DELL-USD+0.0632%1h576.25+0.097%$339K$1.2M10xas long as short
Binance DELLUSDTshort+0.0634%8h576.39+0.122%$18.7M$65.2M20x
GRVT DELL_USDT_Perp+0.0746%8h576.56+0.151%$1K$153K10xas long as short
edgeX DELLUSDC+0.0759%4h576.50+0.141%$5K$334K10xas long as short
Nado DELL-PERP+0.0772%1h575.94+0.044%$69K$18K10xas long as short
Phoenix DELL+0.0789%1h576.06+0.064%$3K$258K10xas long as short