Funding arb · Price arb /

DELL

RWAall DELL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0242%/8h= −26.5% APRpaid last 24h −0.050%

Price spread now: Lighter against OKX−0.003%7-day average — · you buy dearer than you sell

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

Long on OKX Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 6 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: −$7 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX DELL-USDT-SWAP	572.26	0.0274	pay 0.0274% / 8h	1h 38m	$5.8M	$6.7M	20x
Short	Lighter DELL	572.24	0.0032	get 0.0004% / 1h	38m 30s	$33K	$12K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against OKX. 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 OKXbpFee LighterbpOrdersPrice spread, now −0.003%Rate

Funding earned: −$50.74
Price spread: −0.003% → 0.000%: −$0.35
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$61.09
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: OKX: live order book, 4 min ago; Lighter: 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 OKX live order book, 4 min ago	1.57 bp	13.9 bp −$14	62.0 bp −$620	doesn't fit	doesn't fit
Sell Lighter no order-book sample	—	—	—	—	—

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	571.67	−0.103%	$20K	$50K	20x	as long as short
Gate DELL_USDT	0.0000%	8h	572.12	−0.024%	$4.1M	$7.2M	50x	as long as short
Bitget DELLUSDT	0.0000%	8h	572.23	−0.005%	$3.6M	$4.7M	20x	as long as short
Lighter DELLshort	+0.0032%	1h	572.24	−0.003%	$33K	$12K	10x
Injective DELL/USDC PERP	+0.0033%	1h	571.67	−0.103%	$8K	$83K	12x	as long as short
tradeXYZ xyz:DELL	+0.0067%	1h	571.53	−0.128%	$7.5M	$7.0M	10x	as long as short
KuCoin DELLUSDTM	+0.0100%	8h	571.62	−0.112%	$936K	$28K	20x	as long as short
Orderly PERP_DELL_USDC_mythos	+0.0100%	8h	572.61	+0.061%	$3K	$336	10x	as long as short
HTX DELL-USDT	+0.0100%	8h	572.85	+0.103%	$17K	$58K	10x	as long as short
Bybit DELLUSDT	+0.0130%	8h	571.92	−0.059%	$6.1M	$4.0M	50x	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	+0.0161%	1h	571.82	−0.077%	$7K	$54K	10x	as long as short
OKX DELL-USDT-SWAPlong	+0.0274%	8h	572.26	long leg	$5.8M	$6.7M	20x
edgeX DELLUSDC	+0.0349%	4h	572.58	+0.056%	$5K	$333K	10x	as long as short
Variational Omni DELL	+0.0513%	8h	572.57	+0.055%	$258K	$61K	—	as long as short
GRVT DELL_USDT_Perp	+0.0560%	8h	572.65	+0.068%	$641	$148K	10x	as long as short
BloFin DELL-USDT	+0.0577%	8h	572.44	+0.031%	$323K	$233K	20x	as long as short
Binance DELLUSDT	+0.0596%	8h	572.11	−0.026%	$18.3M	$66.9M	20x	as long as short
Extended DELL-USD	+0.0600%	1h	572.07	−0.033%	$337K	$1.1M	10x	as long as short
Phoenix DELL	+0.0863%	1h	572.20	−0.010%	$3K	$228K	10x	as long as short
Nado DELL-PERP	+0.0897%	1h	571.47	−0.138%	$69K	$20K	10x	as long as short