Funding arb · Price arb /

DELL

RWAall DELL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0072%/8h= −7.9% APRpaid last 24h +0.030%

Price spread now: Gate against tradeXYZ+0.135%7-day average +0.043% · you sell dearer than you buy

Net, funding: paid 7d − costs−$32as in the Funding arb table

Net, price: spread back to 7d avg − costs−$46as in the Price arb table

costs, in and out, $10k−$550.551% of the position

Long on tradeXYZ Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.230%+$23 on $10k

Price spread, last 7 days−0.162%−$16 · spread now +0.135%, 7d avg +0.043%

Together, before fees+0.068%+ Points / potential airdroptradeXYZ: Active · farm board+$7 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.092% dearer against tradeXYZ than usual: you sell high and buy low (spread +0.135% now, against its 7-day average of +0.043%): +$9 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 4.3 days. Mind the row above: over the last 7 days funding on this pair paid +0.230%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:DELL	577.46	0.0169	pay 0.0021% / 1h	59m 01s	$7.4M	$6.9M	10x
Short	Gate DELL_USDT	578.24	0.0097	get 0.0097% / 8h	6h 59m	$4.1M	$7.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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

Position, each leg$Hold fordaysFee tradeXYZbpFee GatebpOrdersPrice spread, now +0.135%Rate

Funding earned: −$15.14
Price spread: +0.135% → +0.043%: $9.25
Slippage, 4 orders: −$22.11
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$61
Costs to cover: 0.551%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 10 min ago; Gate: live order book, 4 min ago.

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 tradeXYZ live order book, 10 min ago	1.04 bp	12.2 bp −$12	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 4 min ago	4.41 bp	12.3 bp −$12	33.6 bp −$336	74.5 bp −$7,454	doesn't fit

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	577.86	+0.069%	$21K	$50K	20x	as long as short
Lighter DELL	+0.0032%	1h	578.67	+0.210%	$34K	$12K	10x	as long as short
Injective DELL/USDC PERP	+0.0033%	1h	571.67	−1.003%	$8K	$83K	12x	as long as short
Gate DELL_USDTshort	+0.0097%	8h	578.24	+0.135%	$4.1M	$7.4M	50x
KuCoin DELLUSDTM	+0.0100%	8h	577.81	+0.061%	$947K	$30K	20x	as long as short
Orderly PERP_DELL_USDC_mythos	+0.0100%	8h	579.27	+0.313%	$3K	$336	10x	as long as short
HTX DELL-USDT	+0.0100%	8h	578.46	+0.173%	$18K	$58K	10x	as long as short
Bitget DELLUSDT	+0.0157%	8h	578.29	+0.144%	$3.6M	$4.7M	20x	as long as short
tradeXYZ xyz:DELLlong	+0.0169%	1h	577.46	long leg	$7.4M	$6.9M	10x
Bybit DELLUSDT	+0.0184%	8h	578.20	+0.128%	$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
Variational Omni DELL	+0.0510%	8h	578.19	+0.126%	$262K	$83K	—	as long as short
Polymarket Perps DELL-USD	+0.0576%	1h	578.22	+0.132%	$7K	$54K	10x	as long as short
Extended DELL-USD	+0.0624%	1h	578.14	+0.117%	$336K	$1.2M	10x	as long as short
Binance DELLUSDT	+0.0627%	8h	578.31	+0.147%	$18.7M	$65.3M	20x	as long as short
BloFin DELL-USDT	+0.0643%	8h	578.90	+0.249%	$321K	$221K	20x	as long as short
OKX DELL-USDT-SWAP	+0.0680%	8h	578.59	+0.196%	$5.9M	$6.4M	20x	as long as short
Nado DELL-PERP	+0.0768%	1h	577.81	+0.061%	$69K	$15K	10x	as long as short
Phoenix DELL	+0.0790%	1h	577.92	+0.080%	$3K	$257K	10x	as long as short
edgeX DELLUSDC	+0.0835%	4h	578.76	+0.224%	$5K	$334K	10x	as long as short
GRVT DELL_USDT_Perp	+0.1191%	8h	578.37	+0.158%	$1K	$158K	10x	as long as short