Funding arb · Price arb /

DELL

RWAall DELL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0162%/8h= +17.7% APRpaid last 24h −0.083%

Price spread now: Nado against edgeX−0.291%58s7-day average — · you buy dearer than you sell

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

Long on edgeX Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 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 · Nado: Active · farm boardneeds both histories

Funding pays, the price is against you. Nado is 0.291% cheaper against edgeX than usual: you would sell low and buy high (spread −0.291% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$29 on $10k: about 6.0 days of funding at the current rate (+$5 a day). The two prices were read 58 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX DELLUSDC	580.37	0.0713	pay 0.0357% / 4h	3h 47m	$5K	$334K	10x
Short	Nado DELL-PERP	578.68	0.0875	get 0.0109% / 1h	47m 38s	$69K	$13K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado 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 NadobpOrdersPrice spread, now −0.291%Rate

Funding earned: $34
Price spread: −0.291% → 0.000%: −$29.14
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$11.14
Costs to cover: 0.160%
Break-even: 9.3 days

Slippage unknown: edgeX: live order book, 26 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 edgeX live order book, 26 min ago	4.41 bp	9.2 bp −$9	84.6 bp −$846	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
Aster DELLUSDT	0.0000%	8h	579.29	−0.187%	$21K	$50K	20x	as long as short
Injective DELL/USDC PERP	+0.0033%	1h	571.67	−1.500%	$8K	$83K	12x	as long as short
KuCoin DELLUSDTM	+0.0100%	8h	579.67	−0.121%	$950K	$30K	20x	as long as short
Orderly PERP_DELL_USDC_mythos	+0.0100%	8h	581.04	+0.115%	$3K	$336	10x	as long as short
HTX DELL-USDT	+0.0100%	8h	580.85	+0.082%	$18K	$58K	10x	as long as short
Lighter DELL	+0.0144%	1h	580.85	+0.082%	$34K	$12K	10x	as long as short
Bitget DELLUSDT	+0.0202%	8h	580.55	+0.031%	$3.6M	$4.7M	20x	as long as short
Variational Omni DELL	+0.0301%	8h	580.40	+0.005%	$262K	$81K	—	as long as short
BloFin DELL-USDT	+0.0413%	8h	580.46	+0.015%	$319K	$223K	20x	as long as short
Extended DELL-USD	+0.0440%	1h	580.88	+0.088%	$337K	$1.3M	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	+0.0442%	8h	581.04	+0.114%	$18.8M	$66.0M	20x	as long as short
tradeXYZ xyz:DELL	+0.0528%	1h	580.18	−0.033%	$7.5M	$7.0M	10x	as long as short
OKX DELL-USDT-SWAP	+0.0636%	8h	581.05	+0.117%	$5.9M	$6.5M	20x	as long as short
edgeX DELLUSDClong	+0.0713%	4h	580.37	long leg	$5K	$334K	10x
Bybit DELLUSDT	+0.0760%	8h	580.59	+0.037%	$6.2M	$3.9M	50x	as long as short
Phoenix DELL	+0.0790%	1h	579.81	−0.097%	$3K	$280K	10x	as long as short
Nado DELL-PERPshort	+0.0875%	1h	578.68	−0.291%	$69K	$13K	10x
Gate DELL_USDT	+0.0878%	8h	580.51	+0.024%	$4.2M	$7.5M	50x	as long as short
Polymarket Perps DELL-USD	+0.1061%	1h	580.40	+0.005%	$9K	$53K	10x	as long as short
GRVT DELL_USDT_Perp	+0.1754%	8h	580.55	+0.031%	$1K	$167K	10x	as long as short