Funding arb · Price arb /

DELL

RWAall DELL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0056%/8h= +6.1% APRpaid last 24h 0.000%

Price spread now: Extended against Variational Omni−0.010%7-day average −0.030% · you buy dearer than you sell

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

Long on Variational Omni Short on Extended

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.002%$0 on $10k

Price spread, last 3 days (all we have)−0.130%−$13 · spread now −0.010%, 7d avg −0.030%

Together, before fees−0.131%+ Points / potential airdropVariational Omni: Active · Extended: Active · farm board−$13 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Extended is 0.020% dearer against Variational Omni than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.030%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni DELL	577.61	0	get 0.0000% / 8h	43m 27s	$261K	$82K	—
Short	Extended DELL-USD	577.56	0.0056	get 0.0007% / 1h	43m 27s	$337K	$1.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Variational Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Variational OmnibpFee ExtendedbpOrdersPrice spread, now −0.010%Rate

Funding earned: $11.76
Price spread: −0.010% → −0.030%: $2.04
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Extended: 2.5 bp × 2 orders: −$5
Net: $8.8
Costs to cover: 0.050%
Break-even: 1.8 days

Slippage unknown: Variational Omni: RFQ quote, 36 min ago; Extended: live order book, 5 min ago. 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 Variational Omni RFQ quote, 36 min ago	2.68 bp	doesn't fit	49.2 bp −$492	doesn't fit	doesn't fit
Sell Extended live order book, 5 min ago	1.47 bp	17.3 bp −$17	230.6 bp −$2,306	doesn't fit	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	577.67	+0.009%	$21K	$50K	20x	as long as short
Gate DELL_USDT	0.0000%	8h	577.27	−0.059%	$4.5M	$7.8M	50x	as long as short
Variational Omni DELLlong	0.0000%	8h	577.61	long leg	$261K	$82K	—
Bitget DELLUSDT	+0.0030%	8h	577.22	−0.068%	$3.3M	$4.6M	20x	as long as short
Lighter DELL	+0.0032%	1h	577.69	+0.013%	$34K	$12K	10x	as long as short
Injective DELL/USDC PERP	+0.0033%	1h	571.67	−1.029%	$8K	$83K	12x	as long as short
tradeXYZ xyz:DELL	+0.0043%	1h	576.62	−0.172%	$7.3M	$7.2M	10x	as long as short
BloFin DELL-USDT	+0.0051%	8h	577.69	+0.013%	$319K	$218K	20x	as long as short
Extended DELL-USDshort	+0.0056%	1h	577.56	−0.010%	$337K	$1.1M	10x
GRVT DELL_USDT_Perp	+0.0059%	8h	577.58	−0.006%	$1K	$172K	10x	as long as short

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance DELLUSDT	+0.0062%	8h	577.66	+0.008%	$18.8M	$65.6M	20x	as long as short
KuCoin DELLUSDTM	+0.0100%	8h	577.10	−0.089%	$946K	$32K	20x	as long as short
Orderly PERP_DELL_USDC_mythos	+0.0100%	8h	578.14	+0.091%	$3K	$336	10x	as long as short
HTX DELL-USDT	+0.0100%	8h	577.30	−0.054%	$18K	$58K	10x	as long as short
Polymarket Perps DELL-USD	+0.0153%	1h	577.36	−0.044%	$756	$23K	10x	as long as short
Bybit DELLUSDT	+0.0156%	8h	577.15	−0.080%	$5.9M	$3.5M	50x	as long as short
OKX DELL-USDT-SWAP	+0.0471%	8h	577.86	+0.043%	$5.9M	$6.7M	20x	as long as short
edgeX DELLUSDC	+0.0507%	4h	577.59	−0.005%	$5K	$335K	10x	as long as short
Nado DELL-PERP	+0.0549%	1h	576.94	−0.117%	$70K	$13K	10x	as long as short
Phoenix DELL	+0.0570%	1h	577.15	−0.080%	$3K	$280K	10x	as long as short