Funding arb · Price arb /

DELL

RWAall DELL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0068%/8h= +7.4% APRpaid last 24h +0.020%

Price spread now: KuCoin against Lighter−0.134%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 KuCoin

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. KuCoin is 0.134% cheaper against Lighter than usual: you would sell low and buy high (spread −0.134% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$13 on $10k: about 6.6 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter DELL	575.94	0.0032	pay 0.0004% / 1h	36m 58s	$34K	$12K	10x
Short	KuCoin DELLUSDTM	575.17	0.0100	get 0.0100% / 8h	6h 36m	$942K	$30K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.134%Rate

Funding earned: $14.28
Price spread: −0.134% → 0.000%: −$13.37
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$11.09
Costs to cover: 0.120%
Break-even: 12.4 days

Slippage unknown: Lighter: no order-book sample; KuCoin: live order book, 22 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 KuCoin live order book, 22 min ago	23.99 bp	89.6 bp −$90	doesn't fit	doesn't fit	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	575.62	−0.056%	$21K	$50K	20x	as long as short
Gate DELL_USDT	0.0000%	8h	575.35	−0.102%	$4.1M	$7.4M	50x	as long as short
Bitget DELLUSDT	0.0000%	8h	575.74	−0.035%	$3.6M	$4.7M	20x	as long as short
Bybit DELLUSDT	+0.0032%	8h	575.51	−0.075%	$6.1M	$3.9M	50x	as long as short
Lighter DELLlong	+0.0032%	1h	575.94	long leg	$34K	$12K	10x
Injective DELL/USDC PERP	+0.0033%	1h	571.67	−0.741%	$8K	$83K	12x	as long as short
tradeXYZ xyz:DELL	+0.0050%	1h	574.63	−0.227%	$7.5M	$7.0M	10x	as long as short
Polymarket Perps DELL-USD	+0.0050%	1h	575.33	−0.106%	$7K	$54K	10x	as long as short
KuCoin DELLUSDTMshort	+0.0100%	8h	575.17	−0.134%	$942K	$30K	20x
Orderly PERP_DELL_USDC_mythos	+0.0100%	8h	576.34	+0.069%	$3K	$336	10x	as long as short

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX DELL-USDT	+0.0100%	8h	575.97	+0.005%	$18K	$58K	10x	as long as short
Variational Omni DELL	+0.0505%	8h	576.66	+0.124%	$262K	$86K	—	as long as short
BloFin DELL-USDT	+0.0602%	8h	578.05	+0.366%	$323K	$221K	20x	as long as short
edgeX DELLUSDC	+0.0615%	4h	576.14	+0.035%	$5K	$333K	10x	as long as short
Extended DELL-USD	+0.0616%	1h	575.39	−0.096%	$335K	$1.2M	10x	as long as short
Binance DELLUSDT	+0.0617%	8h	575.55	−0.067%	$18.7M	$65.2M	20x	as long as short
OKX DELL-USDT-SWAP	+0.0643%	8h	575.56	−0.066%	$5.8M	$6.4M	20x	as long as short
Nado DELL-PERP	+0.0736%	1h	575.14	−0.139%	$69K	$18K	10x	as long as short
GRVT DELL_USDT_Perp	+0.0785%	8h	576.12	+0.032%	$634	$154K	10x	as long as short
Phoenix DELL	+0.0789%	1h	575.96	+0.003%	$3K	$258K	10x	as long as short