Funding arb · Price arb /

DELL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0263%/8h= −28.8% APRpaid last 24h −0.095%

Price spread now: Variational Omni against Nado+0.165%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 Variational Omni

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 · Variational Omni: Active · farm boardneeds both histories

The price spread pays, funding is against you. Variational Omni is 0.165% dearer against Nado than usual: you sell high and buy low (spread +0.165% now, against zero (this spread has no 7-day history yet)): +$16 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 2.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado DELL-PERP	573.78	0.0801	pay 0.0100% / 1h	46m 23s	$69K	$20K	10x
Short	Variational Omni DELL	574.73	0.0537	get 0.0537% / 8h	2h 46m	$262K	$61K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.165%Rate

Funding earned: −$55.32
Price spread: +0.165% → 0.000%: $16.49
Slippage, 4 orders: no order book: not counted
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$45.84
Costs to cover: 0.070%
Break-even: from the start

Slippage unknown: Nado: no order-book sample; Variational Omni: RFQ quote, 3 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 Nado no order-book sample	—	—	—	—	—
Sell Variational Omni RFQ quote, 3 min ago	3.06 bp	doesn't fit	27.9 bp −$279	doesn't fit	doesn't fit

Nado: 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	573.71	−0.013%	$20K	$50K	20x	as long as short
Gate DELL_USDT	0.0000%	8h	574.05	+0.046%	$4.1M	$7.1M	50x	as long as short
Bitget DELLUSDT	0.0000%	8h	574.00	+0.038%	$3.6M	$4.7M	20x	as long as short
Lighter DELL	+0.0032%	1h	574.54	+0.132%	$34K	$13K	10x	as long as short
Injective DELL/USDC PERP	+0.0033%	1h	571.67	−0.368%	$8K	$83K	12x	as long as short
tradeXYZ xyz:DELL	+0.0050%	1h	573.43	−0.062%	$7.5M	$7.0M	10x	as long as short
Polymarket Perps DELL-USD	+0.0050%	1h	573.66	−0.022%	$7K	$54K	10x	as long as short
KuCoin DELLUSDTM	+0.0100%	8h	573.38	−0.070%	$940K	$29K	20x	as long as short
Orderly PERP_DELL_USDC_mythos	+0.0100%	8h	574.51	+0.127%	$3K	$336	10x	as long as short
HTX DELL-USDT	+0.0100%	8h	574.23	+0.078%	$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	+0.0107%	8h	573.77	−0.002%	$6.1M	$3.9M	50x	as long as short
edgeX DELLUSDC	+0.0149%	4h	574.38	+0.104%	$5K	$334K	10x	as long as short
OKX DELL-USDT-SWAP	+0.0305%	8h	573.86	+0.013%	$5.8M	$6.7M	20x	as long as short
GRVT DELL_USDT_Perp	+0.0527%	8h	574.74	+0.167%	$1K	$151K	10x	as long as short
Variational Omni DELLshort	+0.0537%	8h	574.73	+0.165%	$262K	$61K	—
Extended DELL-USD	+0.0616%	1h	573.93	+0.026%	$333K	$1.1M	10x	as long as short
Binance DELLUSDT	+0.0618%	8h	574.09	+0.053%	$18.4M	$66.3M	20x	as long as short
BloFin DELL-USDT	+0.0651%	8h	574.03	+0.043%	$321K	$231K	20x	as long as short
Phoenix DELL	+0.0685%	1h	574.63	+0.148%	$3K	$260K	10x	as long as short
Nado DELL-PERPlong	+0.0801%	1h	573.78	long leg	$69K	$20K	10x