Funding arb · Price arb /

DELL

RWAall DELL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0629%/8h= −68.8% APRpaid last 24h −0.090%

Price spread now: Lighter against edgeX+0.061%7-day average — · you sell dearer than you buy

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

Long on edgeX Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)—no history yet

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

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

The price spread pays, funding is against you. Lighter is 0.061% dearer against edgeX than usual: you sell high and buy low (spread +0.061% now, against zero (this spread has no 7-day history yet)): +$6 on $10k if it goes back. Holding the pair costs −$19 a day in funding at the current rate, which eats that in about 8 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX DELLUSDC	573.58	0.0661	pay 0.0330% / 4h	1h 25m	$5K	$333K	10x
Short	Lighter DELL	573.93	0.0032	get 0.0004% / 1h	25m 25s	$34K	$12K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against edgeX. 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 edgeXbpFee LighterbpOrdersPrice spread, now +0.061%Rate

Funding earned: −$132.03
Price spread: +0.061% → 0.000%: $6.05
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Lighter: 0 bp × 2 orders: $0
Net: −$134.98
Costs to cover: 0.090%
Break-even: never at this rate

Slippage unknown: edgeX: live order book, 18 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 edgeX live order book, 18 min ago	0.79 bp	5.7 bp −$6	85.1 bp −$851	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
Aster DELLUSDT	0.0000%	8h	573.45	−0.023%	$20K	$50K	20x	as long as short
Gate DELL_USDT	0.0000%	8h	573.99	+0.071%	$4.1M	$7.2M	50x	as long as short
Bitget DELLUSDT	0.0000%	8h	574.03	+0.078%	$3.6M	$4.7M	20x	as long as short
Lighter DELLshort	+0.0032%	1h	573.93	+0.061%	$34K	$12K	10x
Injective DELL/USDC PERP	+0.0033%	1h	571.67	−0.333%	$8K	$83K	12x	as long as short
tradeXYZ xyz:DELL	+0.0096%	1h	573.37	−0.037%	$7.5M	$7.0M	10x	as long as short
KuCoin DELLUSDTM	+0.0100%	8h	573.33	−0.044%	$940K	$28K	20x	as long as short
Orderly PERP_DELL_USDC_mythos	+0.0100%	8h	574.48	+0.156%	$3K	$336	10x	as long as short
HTX DELL-USDT	+0.0100%	8h	573.29	−0.051%	$17K	$58K	10x	as long as short
Bybit DELLUSDT	+0.0125%	8h	574.08	+0.087%	$6.1M	$4.0M	50x	as long as short

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps DELL-USD	+0.0204%	1h	573.75	+0.029%	$7K	$54K	10x	as long as short
OKX DELL-USDT-SWAP	+0.0272%	8h	574.04	+0.080%	$5.8M	$6.7M	20x	as long as short
Variational Omni DELL	+0.0494%	8h	574.01	+0.075%	$259K	$61K	—	as long as short
BloFin DELL-USDT	+0.0560%	8h	573.57	−0.002%	$323K	$234K	20x	as long as short
GRVT DELL_USDT_Perp	+0.0561%	8h	573.60	+0.002%	$631	$147K	10x	as long as short
Binance DELLUSDT	+0.0582%	8h	574.16	+0.101%	$18.4M	$67.0M	20x	as long as short
Extended DELL-USD	+0.0584%	1h	573.99	+0.072%	$335K	$1.1M	10x	as long as short
edgeX DELLUSDClong	+0.0661%	4h	573.58	long leg	$5K	$333K	10x
Phoenix DELL	+0.0863%	1h	572.96	−0.109%	$3K	$228K	10x	as long as short
Nado DELL-PERP	+0.0884%	1h	572.93	−0.114%	$69K	$20K	10x	as long as short