Funding arb · Price arb /

DELL

RWAall DELL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0068%/8h= −7.4% APRpaid last 24h −0.020%

Price spread now: Lighter against HTX+0.089%7-day average — · you sell dearer than you buy

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

Long on HTX 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 airdropLighter: Season 3 · farm boardneeds both histories

The price spread pays, funding is against you. Lighter is 0.089% dearer against HTX than usual: you sell high and buy low (spread +0.089% now, against zero (this spread has no 7-day history yet)): +$9 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 4.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX DELL-USDT	574.23	0.0100	pay 0.0100% / 8h	2h 48m	$17K	$58K	10x
Short	Lighter DELL	574.74	0.0032	get 0.0004% / 1h	48m 09s	$34K	$13K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against HTX. 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 HTXbpFee LighterbpOrdersPrice spread, now +0.089%Rate

Funding earned: −$14.28
Price spread: +0.089% → 0.000%: $8.88
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: −$17.4
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: HTX: no order-book sample; 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 HTX no order-book sample	—	—	—	—	—
Sell Lighter no order-book sample	—	—	—	—	—

HTX and 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	574.09	−0.025%	$20K	$50K	20x	as long as short
Gate DELL_USDT	0.0000%	8h	574.43	+0.035%	$4.1M	$7.1M	50x	as long as short
Bitget DELLUSDT	0.0000%	8h	574.42	+0.033%	$3.6M	$4.7M	20x	as long as short
Lighter DELLshort	+0.0032%	1h	574.74	+0.089%	$34K	$13K	10x
Injective DELL/USDC PERP	+0.0033%	1h	571.67	−0.446%	$8K	$83K	12x	as long as short
Polymarket Perps DELL-USD	+0.0051%	1h	574.33	+0.017%	$7K	$54K	10x	as long as short
tradeXYZ xyz:DELL	+0.0059%	1h	573.92	−0.054%	$7.5M	$7.0M	10x	as long as short
KuCoin DELLUSDTM	+0.0100%	8h	573.88	−0.061%	$941K	$29K	20x	as long as short
Orderly PERP_DELL_USDC_mythos	+0.0100%	8h	575.06	+0.145%	$3K	$336	10x	as long as short
HTX DELL-USDTlong	+0.0100%	8h	574.23	long leg	$17K	$58K	10x

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit DELLUSDT	+0.0115%	8h	574.27	+0.007%	$6.1M	$3.9M	50x	as long as short
OKX DELL-USDT-SWAP	+0.0311%	8h	574.35	+0.021%	$5.8M	$6.7M	20x	as long as short
GRVT DELL_USDT_Perp	+0.0527%	8h	574.74	+0.089%	$1K	$151K	10x	as long as short
Variational Omni DELL	+0.0537%	8h	574.73	+0.087%	$262K	$61K	—	as long as short
Extended DELL-USD	+0.0624%	1h	574.40	+0.029%	$333K	$1.1M	10x	as long as short
Binance DELLUSDT	+0.0624%	8h	574.40	+0.030%	$18.5M	$66.3M	20x	as long as short
BloFin DELL-USDT	+0.0654%	8h	574.44	+0.037%	$322K	$231K	20x	as long as short
Phoenix DELL	+0.0685%	1h	574.63	+0.070%	$3K	$260K	10x	as long as short
edgeX DELLUSDC	+0.0800%	4h	574.00	−0.040%	$5K	$333K	10x	as long as short
Nado DELL-PERP	+0.0836%	1h	574.06	−0.029%	$69K	$20K	10x	as long as short