Funding arb · Price arb /

DELL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0742%/8h= −81.2% APRpaid last 24h −0.061%

Price spread now: Orderly against Nado+0.220%7-day average — · you sell dearer than you buy

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

Long on Nado Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropNado: Active · farm boardneeds both histories

The price spread pays, funding is against you. Orderly is 0.220% dearer against Nado than usual: you sell high and buy low (spread +0.220% now, against zero (this spread has no 7-day history yet)): +$22 on $10k if it goes back. Holding the pair costs −$22 a day in funding at the current rate, which eats that in about 24 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado DELL-PERP	575.91	0.0842	pay 0.0105% / 1h	52m 16s	$69K	$18K	10x
Short	Orderly PERP_DELL_USDC_mythos	577.18	0.0100	get 0.0100% / 8h	5h 52m	$3K	$336	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against Nado. 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 NadobpFee OrderlybpOrdersPrice spread, now +0.220%Rate

Funding earned: −$155.78
Price spread: +0.220% → 0.000%: $21.98
Slippage, 4 orders: no order book: not counted
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$146.8
Costs to cover: 0.130%
Break-even: from the start

Slippage unknown: Nado: no order-book sample; Orderly: 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 Nado no order-book sample	—	—	—	—	—
Sell Orderly no order-book sample	—	—	—	—	—

Nado and Orderly: 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	576.01	+0.017%	$21K	$50K	20x	as long as short
Gate DELL_USDT	0.0000%	8h	576.38	+0.081%	$4.1M	$7.2M	50x	as long as short
Bitget DELLUSDT	0.0000%	8h	576.39	+0.083%	$3.6M	$4.6M	20x	as long as short
Lighter DELL	+0.0032%	1h	576.73	+0.142%	$34K	$12K	10x	as long as short
Injective DELL/USDC PERP	+0.0033%	1h	571.67	−0.737%	$8K	$83K	12x	as long as short
tradeXYZ xyz:DELL	+0.0050%	1h	576.02	+0.018%	$7.5M	$7.0M	10x	as long as short
edgeX DELLUSDC	+0.0078%	4h	576.46	+0.094%	$5K	$333K	10x	as long as short
Bybit DELLUSDT	+0.0092%	8h	576.22	+0.053%	$6.1M	$3.9M	50x	as long as short
KuCoin DELLUSDTM	+0.0100%	8h	576.08	+0.029%	$944K	$30K	20x	as long as short
Orderly PERP_DELL_USDC_mythosshort	+0.0100%	8h	577.18	+0.220%	$3K	$336	10x

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX DELL-USDT	+0.0100%	8h	576.66	+0.130%	$17K	$58K	10x	as long as short
Polymarket Perps DELL-USD	+0.0153%	1h	576.30	+0.067%	$7K	$54K	10x	as long as short
Variational Omni DELL	+0.0534%	8h	576.41	+0.086%	$263K	$87K	—	as long as short
OKX DELL-USDT-SWAP	+0.0570%	8h	576.29	+0.065%	$5.8M	$6.6M	20x	as long as short
Binance DELLUSDT	+0.0656%	8h	576.56	+0.112%	$18.7M	$65.1M	20x	as long as short
Extended DELL-USD	+0.0656%	1h	576.41	+0.086%	$339K	$1.2M	10x	as long as short
GRVT DELL_USDT_Perp	+0.0686%	8h	576.28	+0.063%	$905	$152K	10x	as long as short
Phoenix DELL	+0.0723%	1h	576.29	+0.065%	$3K	$258K	10x	as long as short
Nado DELL-PERPlong	+0.0842%	1h	575.91	long leg	$69K	$18K	10x