Funding arb · Price arb /

DELL

RWAall DELL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.010%

Price spread now: Lighter against Bitget−0.023%7-day average — · you buy dearer than you sell

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

Long on Bitget 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

Funding pays, the price is against you. Lighter is 0.023% cheaper against Bitget than usual: you would sell low and buy high (spread −0.023% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$2 on $10k: about 2.4 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget DELLUSDT	575.41	0	get 0.0000% / 8h	3h 32m	$3.3M	$4.6M	20x
Short	Lighter DELL	575.28	0.0032	get 0.0004% / 1h	32m 41s	$34K	$11K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Bitget. 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 BitgetbpFee LighterbpOrdersPrice spread, now −0.023%Rate

Funding earned: $6.72
Price spread: −0.023% → 0.000%: −$2.26
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: −$7.54
Costs to cover: 0.120%
Break-even: 14.9 days

Slippage unknown: Bitget: live order book, 1 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 Bitget live order book, 1 min ago	2.52 bp	17.5 bp −$18	39.5 bp −$395	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	−0.0014%	8h	575.35	−0.010%	$323K	$215K	20x	as long as short
Aster DELLUSDT	0.0000%	8h	574.54	−0.150%	$20K	$50K	20x	as long as short
Extended DELL-USD	0.0000%	1h	575.39	−0.003%	$338K	$1.1M	10x	as long as short
Binance DELLUSDT	0.0000%	8h	575.53	+0.021%	$18.7M	$64.6M	20x	as long as short
Bybit DELLUSDT	0.0000%	8h	575.28	−0.023%	$5.9M	$3.4M	50x	as long as short
Gate DELL_USDT	0.0000%	8h	575.30	−0.019%	$4.6M	$7.5M	50x	as long as short
Bitget DELLUSDTlong	0.0000%	8h	575.41	long leg	$3.3M	$4.6M	20x
Variational Omni DELL	0.0000%	8h	575.30	−0.018%	$261K	$82K	—	as long as short
GRVT DELL_USDT_Perp	0.0000%	8h	575.42	+0.002%	$846	$178K	10x	as long as short
Lighter DELLshort	+0.0032%	1h	575.28	−0.023%	$34K	$11K	10x

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective DELL/USDC PERP	+0.0033%	1h	571.67	−0.650%	$8K	$83K	12x	as long as short
tradeXYZ xyz:DELL	+0.0050%	1h	574.41	−0.174%	$7.3M	$7.1M	10x	as long as short
KuCoin DELLUSDTM	+0.0100%	8h	574.94	−0.082%	$942K	$32K	20x	as long as short
Orderly PERP_DELL_USDC_mythos	+0.0100%	8h	575.66	+0.043%	$3K	$336	10x	as long as short
HTX DELL-USDT	+0.0100%	8h	575.30	−0.019%	$18K	$58K	10x	as long as short
OKX DELL-USDT-SWAP	+0.0100%	8h	575.70	+0.050%	$5.9M	$6.6M	20x	as long as short
Polymarket Perps DELL-USD	+0.0251%	1h	574.84	−0.099%	$1K	$22K	10x	as long as short
Phoenix DELL	+0.0611%	1h	575.22	−0.033%	$3K	$280K	10x	as long as short
Nado DELL-PERP	+0.0622%	1h	574.19	−0.212%	$69K	$12K	10x	as long as short
edgeX DELLUSDC	+0.0835%	4h	575.35	−0.011%	$5K	$333K	10x	as long as short