Funding arb · Price arb /

DELL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0551%/8h= +60.4% APRpaid last 24h +0.071%

Price spread now: Nado against Variational Omni−0.117%7-day average — · you buy dearer than you sell

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

Long on Variational Omni Short on Nado

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 airdropVariational Omni: Active · Nado: Active · farm boardneeds both histories

Funding pays, the price is against you. Nado is 0.117% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.117% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$12 on $10k: about 17 hours of funding at the current rate (+$17 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni DELL	577.61	0	get 0.0000% / 8h	40m 43s	$261K	$82K	—
Short	Nado DELL-PERP	576.94	0.0551	get 0.0069% / 1h	40m 43s	$70K	$13K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Variational Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Variational OmnibpFee NadobpOrdersPrice spread, now −0.117%Rate

Funding earned: $115.77
Price spread: −0.117% → 0.000%: −$11.67
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Nado: 3.5 bp × 2 orders: −$7
Net: $97.09
Costs to cover: 0.070%
Break-even: 1.1 days

Slippage unknown: Variational Omni: RFQ quote, 38 min ago; Nado: 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 Variational Omni RFQ quote, 38 min ago	2.68 bp	doesn't fit	49.2 bp −$492	doesn't fit	doesn't fit
Sell Nado no order-book sample	—	—	—	—	—

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	577.61	−0.001%	$21K	$50K	20x	as long as short
Gate DELL_USDT	0.0000%	8h	577.25	−0.063%	$4.5M	$7.8M	50x	as long as short
Variational Omni DELLlong	0.0000%	8h	577.61	long leg	$261K	$82K	—
Bitget DELLUSDT	+0.0025%	8h	577.21	−0.070%	$3.3M	$4.6M	20x	as long as short
Lighter DELL	+0.0032%	1h	577.71	+0.017%	$34K	$12K	10x	as long as short
tradeXYZ xyz:DELL	+0.0033%	1h	576.65	−0.167%	$7.3M	$7.2M	10x	as long as short
Injective DELL/USDC PERP	+0.0033%	1h	571.67	−1.029%	$8K	$83K	12x	as long as short
BloFin DELL-USDT	+0.0056%	8h	577.66	+0.008%	$318K	$219K	20x	as long as short
GRVT DELL_USDT_Perp	+0.0065%	8h	577.61	−0.001%	$907	$172K	10x	as long as short
Binance DELLUSDT	+0.0070%	8h	577.64	+0.005%	$18.8M	$65.6M	20x	as long as short

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended DELL-USD	+0.0072%	1h	577.54	−0.013%	$337K	$1.1M	10x	as long as short
KuCoin DELLUSDTM	+0.0100%	8h	577.02	−0.103%	$946K	$32K	20x	as long as short
Orderly PERP_DELL_USDC_mythos	+0.0100%	8h	578.09	+0.083%	$3K	$336	10x	as long as short
HTX DELL-USDT	+0.0100%	8h	577.82	+0.036%	$18K	$58K	10x	as long as short
Polymarket Perps DELL-USD	+0.0146%	1h	577.36	−0.044%	$756	$23K	10x	as long as short
Bybit DELLUSDT	+0.0147%	8h	577.15	−0.080%	$5.9M	$3.5M	50x	as long as short
OKX DELL-USDT-SWAP	+0.0472%	8h	577.83	+0.038%	$5.9M	$6.7M	20x	as long as short
edgeX DELLUSDC	+0.0507%	4h	577.59	−0.005%	$5K	$335K	10x	as long as short
Nado DELL-PERPshort	+0.0551%	1h	576.94	−0.117%	$70K	$13K	10x
Phoenix DELL	+0.0570%	1h	577.15	−0.080%	$3K	$280K	10x	as long as short