Funding arb · Price arb /

DELL

RWAall DELL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0266%/8h= +29.1% APRpaid last 24h +0.014%

Price spread now: Variational Omni against Lighter−0.067%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 Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 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 · Variational Omni: Active · farm boardneeds both histories

Funding pays, the price is against you. Variational Omni is 0.067% cheaper against Lighter than usual: you would sell low and buy high (spread −0.067% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 20 hours of funding at the current rate (+$8 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter DELL	573.06	0.0032	pay 0.0004% / 1h	5m 25s	$33K	$12K	10x
Short	Variational Omni DELL	572.68	0.0298	get 0.0298% / 8h	5m 25s	$259K	$61K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now −0.067%Rate

Funding earned: $55.87
Price spread: −0.067% → 0.000%: −$6.67
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $49.2
Costs to cover: 0.000%
Break-even: 0.8 days

Slippage unknown: Lighter: no order-book sample; Variational Omni: RFQ quote, 34 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 Variational Omni RFQ quote, 34 min ago	4.15 bp	doesn't fit	44.3 bp −$443	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	572.21	−0.148%	$20K	$49K	20x	as long as short
Gate DELL_USDT	0.0000%	8h	572.89	−0.030%	$4.1M	$7.0M	50x	as long as short
Bitget DELLUSDT	0.0000%	8h	572.74	−0.056%	$3.6M	$4.6M	20x	as long as short
Bybit DELLUSDT	+0.0017%	8h	572.55	−0.089%	$6.1M	$4.0M	50x	as long as short
Lighter DELLlong	+0.0032%	1h	573.06	long leg	$33K	$12K	10x
Injective DELL/USDC PERP	+0.0033%	1h	571.67	−0.243%	$8K	$83K	12x	as long as short
tradeXYZ xyz:DELL	+0.0071%	1h	572.27	−0.138%	$7.5M	$6.9M	10x	as long as short
KuCoin DELLUSDTM	+0.0100%	8h	572.29	−0.134%	$937K	$35K	20x	as long as short
Orderly PERP_DELL_USDC_mythos	+0.0100%	8h	573.22	+0.028%	$3K	$336	10x	as long as short
HTX DELL-USDT	+0.0100%	8h	573.20	+0.024%	$18K	$58K	10x	as long as short

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps DELL-USD	+0.0109%	1h	572.62	−0.077%	$7K	$55K	10x	as long as short
OKX DELL-USDT-SWAP	+0.0180%	8h	572.99	−0.012%	$5.9M	$6.7M	20x	as long as short
Variational Omni DELLshort	+0.0298%	8h	572.68	−0.067%	$259K	$61K	—
edgeX DELLUSDC	+0.0326%	4h	572.70	−0.063%	$5K	$334K	10x	as long as short
Binance DELLUSDT	+0.0405%	8h	572.85	−0.037%	$18.3M	$66.6M	20x	as long as short
Extended DELL-USD	+0.0408%	1h	572.65	−0.071%	$332K	$2.6M	10x	as long as short
BloFin DELL-USDT	+0.0417%	8h	572.79	−0.047%	$324K	$233K	20x	as long as short
GRVT DELL_USDT_Perp	+0.0453%	8h	572.85	−0.037%	$682	$145K	10x	as long as short
Nado DELL-PERP	+0.0656%	1h	572.12	−0.165%	$69K	$20K	10x	as long as short
Phoenix DELL	+0.0893%	1h	572.66	−0.070%	$3K	$228K	10x	as long as short