Funding arb · Price arb /

DELL

RWAall DELL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0068%/8h= +7.4% APRpaid last 24h +0.020%

Price spread now: HTX against Lighter+0.007%7-day average — · you sell dearer than you buy

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

Long on Lighter Short on HTX

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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter DELL	576.62	0.0032	pay 0.0004% / 1h	50m 16s	$34K	$12K	10x
Short	HTX DELL-USDT	576.66	0.0100	get 0.0100% / 8h	5h 50m	$17K	$58K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.007%Rate

Funding earned: $14.28
Price spread: +0.007% → 0.000%: $0.69
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee HTX: 6 bp × 2 orders: −$12
Net: $2.97
Costs to cover: 0.120%
Break-even: 5.5 days

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

Lighter and HTX: 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 19 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	575.91	−0.124%	$21K	$50K	20x	as long as short
Gate DELL_USDT	0.0000%	8h	576.28	−0.059%	$4.1M	$7.2M	50x	as long as short
Bitget DELLUSDT	0.0000%	8h	576.23	−0.068%	$3.6M	$4.6M	20x	as long as short
Lighter DELLlong	+0.0032%	1h	576.62	long leg	$34K	$12K	10x
Injective DELL/USDC PERP	+0.0033%	1h	571.67	−0.858%	$8K	$83K	12x	as long as short
tradeXYZ xyz:DELL	+0.0050%	1h	575.76	−0.149%	$7.5M	$7.0M	10x	as long as short
Bybit DELLUSDT	+0.0089%	8h	576.22	−0.069%	$6.1M	$3.9M	50x	as long as short
Polymarket Perps DELL-USD	+0.0097%	1h	576.06	−0.097%	$7K	$54K	10x	as long as short
KuCoin DELLUSDTM	+0.0100%	8h	576.08	−0.094%	$944K	$30K	20x	as long as short
Orderly PERP_DELL_USDC_mythos	+0.0100%	8h	576.84	+0.038%	$3K	$336	10x	as long as short

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX DELL-USDTshort	+0.0100%	8h	576.66	+0.007%	$17K	$58K	10x
Variational Omni DELL	+0.0544%	8h	576.49	−0.023%	$263K	$86K	—	as long as short
OKX DELL-USDT-SWAP	+0.0566%	8h	576.32	−0.052%	$5.8M	$6.6M	20x	as long as short
Binance DELLUSDT	+0.0655%	8h	576.32	−0.052%	$18.7M	$65.1M	20x	as long as short
Extended DELL-USD	+0.0656%	1h	576.17	−0.078%	$339K	$1.2M	10x	as long as short
GRVT DELL_USDT_Perp	+0.0706%	8h	576.50	−0.020%	$905	$152K	10x	as long as short
Phoenix DELL	+0.0723%	1h	576.29	−0.057%	$3K	$258K	10x	as long as short
edgeX DELLUSDC	+0.0727%	4h	576.50	−0.021%	$5K	$333K	10x	as long as short
Nado DELL-PERP	+0.0827%	1h	575.93	−0.120%	$69K	$18K	10x	as long as short