Funding arb · Price arb /

DELL

RWAall DELL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0590%/8h= +64.6% APRpaid last 24h +0.025%

Price spread now: Binance against Lighter−0.091%7-day average — · you buy dearer than you sell

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

Long on Lighter Short on Binance

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

Funding pays, the price is against you. Binance is 0.091% cheaper against Lighter than usual: you would sell low and buy high (spread −0.091% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$9 on $10k: about 12 hours of funding at the current rate (+$18 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter DELL	574.50	0.0032	pay 0.0004% / 1h	47m 10s	$34K	$13K	10x
Short	Binance DELLUSDT	573.98	0.0622	get 0.0622% / 8h	2h 47m	$18.4M	$66.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Lighter. 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 LighterbpFee BinancebpOrdersPrice spread, now −0.091%Rate

Funding earned: $123.84
Price spread: −0.091% → 0.000%: −$9.08
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Binance: 5 bp × 2 orders: −$10
Net: $104.76
Costs to cover: 0.100%
Break-even: 1.1 days

Slippage unknown: Lighter: no order-book sample; Binance: live order book, 10 min ago. 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 Lighter no order-book sample	—	—	—	—	—
Sell Binance live order book, 10 min ago	0.35 bp	10.2 bp −$10	27.0 bp −$270	113.0 bp −$11.3K	doesn't fit

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	573.75	−0.130%	$20K	$50K	20x	as long as short
Gate DELL_USDT	0.0000%	8h	574.06	−0.077%	$4.1M	$7.1M	50x	as long as short
Bitget DELLUSDT	0.0000%	8h	573.98	−0.091%	$3.6M	$4.7M	20x	as long as short
Lighter DELLlong	+0.0032%	1h	574.50	long leg	$34K	$13K	10x
Injective DELL/USDC PERP	+0.0033%	1h	571.67	−0.493%	$8K	$83K	12x	as long as short
tradeXYZ xyz:DELL	+0.0050%	1h	573.55	−0.165%	$7.5M	$7.0M	10x	as long as short
Polymarket Perps DELL-USD	+0.0050%	1h	573.91	−0.103%	$7K	$54K	10x	as long as short
KuCoin DELLUSDTM	+0.0100%	8h	573.50	−0.174%	$940K	$29K	20x	as long as short
Orderly PERP_DELL_USDC_mythos	+0.0100%	8h	574.55	+0.009%	$3K	$336	10x	as long as short
HTX DELL-USDT	+0.0100%	8h	574.23	−0.047%	$17K	$58K	10x	as long as short

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit DELLUSDT	+0.0111%	8h	573.90	−0.104%	$6.1M	$3.9M	50x	as long as short
edgeX DELLUSDC	+0.0149%	4h	574.38	−0.021%	$5K	$334K	10x	as long as short
OKX DELL-USDT-SWAP	+0.0308%	8h	573.86	−0.111%	$5.8M	$6.7M	20x	as long as short
GRVT DELL_USDT_Perp	+0.0527%	8h	574.74	+0.042%	$1K	$151K	10x	as long as short
Variational Omni DELL	+0.0537%	8h	574.73	+0.040%	$262K	$61K	—	as long as short
Binance DELLUSDTshort	+0.0622%	8h	573.98	−0.091%	$18.4M	$66.3M	20x
Extended DELL-USD	+0.0624%	1h	573.91	−0.104%	$333K	$1.1M	10x	as long as short
BloFin DELL-USDT	+0.0651%	8h	574.03	−0.082%	$321K	$231K	20x	as long as short
Phoenix DELL	+0.0685%	1h	574.63	+0.023%	$3K	$260K	10x	as long as short
Nado DELL-PERP	+0.0814%	1h	574.07	−0.075%	$69K	$20K	10x	as long as short