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 −0.047%

Price spread now: Lighter against Gate−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 Gate 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 Gate 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	Gate DELL_USDT	575.47	0	get 0.0000% / 8h	3h 30m	$4.6M	$7.6M	50x
Short	Lighter DELL	575.34	0.0032	get 0.0004% / 1h	30m 56s	$34K	$11K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Gate. 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 GatebpFee 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 Gate: 7.5 bp × 2 orders: −$15
Fee Lighter: 0 bp × 2 orders: $0
Net: −$10.54
Costs to cover: 0.150%
Break-even: 18.0 days

Slippage unknown: Gate: live order book, 3 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 Gate live order book, 3 min ago	1.83 bp	10.8 bp −$11	38.0 bp −$380	69.4 bp −$6,939	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	574.72	−0.131%	$21K	$50K	20x	as long as short
Extended DELL-USD	0.0000%	1h	575.82	+0.060%	$338K	$1.1M	10x	as long as short
Binance DELLUSDT	0.0000%	8h	575.95	+0.083%	$18.7M	$64.6M	20x	as long as short
Bybit DELLUSDT	0.0000%	8h	575.81	+0.059%	$5.9M	$3.5M	50x	as long as short
Gate DELL_USDTlong	0.0000%	8h	575.47	long leg	$4.6M	$7.6M	50x
Bitget DELLUSDT	0.0000%	8h	575.19	−0.049%	$3.3M	$4.6M	20x	as long as short
Variational Omni DELL	0.0000%	8h	575.30	−0.029%	$261K	$82K	—	as long as short
GRVT DELL_USDT_Perp	0.0000%	8h	575.19	−0.049%	$846	$178K	10x	as long as short
BloFin DELL-USDT	+0.0008%	8h	575.92	+0.078%	$322K	$215K	20x	as long as short
Lighter DELLshort	+0.0032%	1h	575.34	−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	−0.660%	$8K	$83K	12x	as long as short
tradeXYZ xyz:DELL	+0.0050%	1h	574.82	−0.113%	$7.3M	$7.1M	10x	as long as short
KuCoin DELLUSDTM	+0.0100%	8h	575.09	−0.066%	$942K	$32K	20x	as long as short
Orderly PERP_DELL_USDC_mythos	+0.0100%	8h	575.97	+0.087%	$3K	$336	10x	as long as short
HTX DELL-USDT	+0.0100%	8h	576.09	+0.108%	$18K	$58K	10x	as long as short
OKX DELL-USDT-SWAP	+0.0112%	8h	575.84	+0.064%	$5.9M	$6.6M	20x	as long as short
Polymarket Perps DELL-USD	+0.0281%	1h	575.32	−0.026%	$1K	$22K	10x	as long as short
edgeX DELLUSDC	+0.0330%	4h	575.35	−0.020%	$5K	$334K	10x	as long as short
Phoenix DELL	+0.0611%	1h	574.87	−0.104%	$3K	$280K	10x	as long as short
Nado DELL-PERP	+0.0639%	1h	574.22	−0.218%	$69K	$12K	10x	as long as short