Funding arb · Price arb /

DELL

RWAall DELL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0223%/8h= +24.5% APRpaid last 24h +0.090%

Price spread now: Nado against Variational Omni−0.120%7-day average — · you buy dearer than you sell

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

Long on Variational Omni 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 airdropVariational Omni: Active · Nado: Active · farm boardneeds both histories

Funding pays, the price is against you. Nado is 0.120% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.120% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$12 on $10k: about 43 hours of funding at the current rate (+$7 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni DELL	572.22	0.0234	pay 0.0234% / 8h	7h 37m	$258K	$61K	—
Short	Nado DELL-PERP	571.53	0.0458	get 0.0057% / 1h	37m 04s	$69K	$20K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado 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 NadobpOrdersPrice spread, now −0.120%Rate

Funding earned: $46.9
Price spread: −0.120% → 0.000%: −$12.03
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Nado: 3.5 bp × 2 orders: −$7
Net: $27.87
Costs to cover: 0.070%
Break-even: 2.8 days

Slippage unknown: Variational Omni: RFQ quote, 62 min ago; 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 Variational Omni RFQ quote, 62 min ago	4.15 bp	doesn't fit	60.7 bp −$607	doesn't fit	doesn't fit
Sell Nado no order-book sample	—	—	—	—	—

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 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
tradeXYZ xyz:DELL	−0.0018%	1h	571.33	−0.155%	$7.5M	$6.8M	10x	as long as short
Aster DELLUSDT	0.0000%	8h	571.81	−0.071%	$20K	$49K	20x	as long as short
Bybit DELLUSDT	0.0000%	8h	571.60	−0.108%	$6.1M	$3.9M	50x	as long as short
Gate DELL_USDT	0.0000%	8h	571.50	−0.125%	$4.0M	$6.7M	50x	as long as short
Bitget DELLUSDT	0.0000%	8h	571.44	−0.136%	$3.7M	$4.6M	20x	as long as short
GRVT DELL_USDT_Perp	0.0000%	8h	572.21	−0.001%	$944	$140K	10x	as long as short
Lighter DELL	+0.0032%	1h	571.94	−0.048%	$33K	$12K	10x	as long as short
Injective DELL/USDC PERP	+0.0033%	1h	571.67	−0.095%	$8K	$83K	12x	as long as short
Polymarket Perps DELL-USD	+0.0050%	1h	570.42	−0.314%	$7K	$55K	10x	as long as short
KuCoin DELLUSDTM	+0.0100%	8h	571.51	−0.123%	$937K	$65K	20x	as long as short

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_DELL_USDC_mythos	+0.0100%	8h	572.08	−0.024%	$3K	$336	10x	as long as short
HTX DELL-USDT	+0.0100%	8h	571.64	−0.101%	$18K	$58K	10x	as long as short
OKX DELL-USDT-SWAP	+0.0107%	8h	571.42	−0.139%	$5.8M	$6.7M	20x	as long as short
Variational Omni DELLlong	+0.0234%	8h	572.22	long leg	$258K	$61K	—
BloFin DELL-USDT	+0.0310%	8h	571.66	−0.097%	$325K	$232K	20x	as long as short
Binance DELLUSDT	+0.0320%	8h	571.72	−0.087%	$18.2M	$66.0M	20x	as long as short
Extended DELL-USD	+0.0320%	1h	571.67	−0.095%	$335K	$2.6M	10x	as long as short
Nado DELL-PERPshort	+0.0458%	1h	571.53	−0.120%	$69K	$20K	10x
edgeX DELLUSDC	+0.0605%	4h	571.88	−0.058%	$5K	$334K	10x	as long as short
Phoenix DELL	+0.0810%	1h	571.53	−0.120%	$3K	$228K	10x	as long as short