Funding arb · Price arb /

DELL

RWAall DELL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.010%

Price spread now: Lighter against Binance+0.016%7-day average — · you sell dearer than you buy

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

Long on Binance Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance DELLUSDT	575.73	0	get 0.0000% / 8h	1h 23m	$18.7M	$65.6M	20x
Short	Lighter DELL	575.82	0.0032	get 0.0004% / 1h	23m 42s	$34K	$11K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Binance. 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 BinancebpFee LighterbpOrdersPrice spread, now +0.016%Rate

Funding earned: $6.72
Price spread: +0.016% → 0.000%: $1.61
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$1.67
Costs to cover: 0.100%
Break-even: 8.7 days

Slippage unknown: Binance: live order book, 4 min ago; Lighter: 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 Binance live order book, 4 min ago	0.43 bp	7.5 bp −$8	21.1 bp −$211	doesn't fit	doesn't fit
Sell Lighter no order-book sample	—	—	—	—	—

Lighter: 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
BloFin DELL-USDT	−0.0023%	8h	575.80	+0.013%	$319K	$218K	20x	as long as short
Aster DELLUSDT	0.0000%	8h	574.91	−0.142%	$21K	$50K	20x	as long as short
Extended DELL-USD	0.0000%	1h	575.62	−0.020%	$338K	$1.1M	10x	as long as short
Binance DELLUSDTlong	0.0000%	8h	575.73	long leg	$18.7M	$65.6M	20x
Gate DELL_USDT	0.0000%	8h	575.48	−0.043%	$4.5M	$7.8M	50x	as long as short
Variational Omni DELL	0.0000%	8h	575.79	+0.011%	$260K	$82K	—	as long as short
GRVT DELL_USDT_Perp	0.0000%	8h	575.73	0.000%	$1K	$178K	10x	as long as short
Lighter DELLshort	+0.0032%	1h	575.82	+0.016%	$34K	$11K	10x
Bitget DELLUSDT	+0.0032%	8h	575.31	−0.073%	$3.3M	$4.6M	20x	as long as short
Injective DELL/USDC PERP	+0.0033%	1h	571.67	−0.705%	$8K	$83K	12x	as long as short

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:DELL	+0.0050%	1h	574.72	−0.175%	$7.4M	$7.2M	10x	as long as short
edgeX DELLUSDC	+0.0100%	4h	575.83	+0.018%	$5K	$332K	10x	as long as short
KuCoin DELLUSDTM	+0.0100%	8h	575.24	−0.085%	$943K	$32K	20x	as long as short
Orderly PERP_DELL_USDC_mythos	+0.0100%	8h	576.28	+0.096%	$3K	$336	10x	as long as short
HTX DELL-USDT	+0.0100%	8h	575.58	−0.026%	$18K	$58K	10x	as long as short
Bybit DELLUSDT	+0.0191%	8h	575.38	−0.060%	$5.9M	$3.6M	50x	as long as short
Polymarket Perps DELL-USD	+0.0280%	1h	575.48	−0.043%	$754	$23K	10x	as long as short
OKX DELL-USDT-SWAP	+0.0412%	8h	575.93	+0.035%	$5.9M	$6.8M	20x	as long as short
Phoenix DELL	+0.0528%	1h	575.38	−0.060%	$3K	$280K	10x	as long as short
Nado DELL-PERP	+0.0699%	1h	574.91	−0.142%	$70K	$13K	10x	as long as short