DELL funding rate

Compared across 13 venues · net of estimated fees

DELL Funding Rate — live across 13 venues

Perpetual funding · compared across 13 venues · net of estimated fees · updated every few minutes

Live annualized DELL perpetual funding across all 13 venues Perpia tracks. Right now DELL funding is positive on 2 and negative on 3, ranging from +5.0% on Vest to -22.2% on Hyperliquid — a spread of 27.2%. The widest delta-neutral trade is long Hyperliquid / short Lighter at 23.0% net APR.

13venues
2paying positive
27.2%funding spread
Best DELL spread now
23.0%
net APR after fees
LongHyperliquid↗→ShortLighter↗
size depends on live venue depth — see the real cap in the scanner

DELL funding trend & liquidity

25.7%current gross APR
—24h average
—7-day average
$91Kpair OI · lower leg
$227K24h volume · lower leg

Averages are historical funding over the window shown. A current rate near the 7-day average may indicate the spread has persisted; a rate far above it is usually a short-lived spike. OI and volume are the smaller (binding) leg of the best pair — the ceiling on tradeable size.

DELL · Hyperliquid → Lighter — no history

Loading DELL rate history…

Build a route

any two of the 13 venues
Gross spread+25.7%+$7.03 / day on $10,000
Widest routes

This route is 1 pp below the widest one right now (Hyperliquid → Vest). The number is gross: fees, the entry spread and slippage are not in it, and both legs must be tradeable for you. The scanner carries the same pairs net of costs.

Venues: pick the two legs

sorted by rate · 13 venues
VenueFunding APR ↓IntervalUse as
Vest↗+5.0%every 1h
Lighter↗short+3.5%every 8h
Variational↗+0.0%every 8h
Extended↗+0.0%every 1h
OKX↗+0.0%every 8h
Gate.io↗+0.0%every 8h
Bitget↗+0.0%every 8h
Bybit↗+0.0%every 8h
KuCoin↗+0.0%every 8h
Aster↗+0.0%every 8h
below — these venues pay the longs: this is the leg you buy
Nado↗−10.4%every 24h
trade.xyz↗−20.5%every 1h
Hyperliquid↗long−22.2%every 1h

Rates annualized; updated ~every few minutes from live venue data. Venue names link to that exchange's full funding table; ↗ opens the market on the exchange itself. Every spread between these two venues is on the Hyperliquid vs Lighter page. 26 pairs scanned for DELL.

Loading DELL backtest…

DELL — FAQ

Is DELL funding positive right now?

DELL perpetual funding is positive on 2 of 13 venues Perpia tracks and negative on 3. The highest is +5.0% on Vest; the lowest is -22.2% on Hyperliquid.

What is the best DELL funding arbitrage right now?

Go long Hyperliquid and short Lighter for about 23.0% net APR after fees — the widest delta-neutral DELL spread Perpia currently sees.

Which exchange has the highest DELL funding rate?

Vest, at +5.0% annualized. Funding shifts continuously, so check the live table above before trading.

How DELL funding arbitrage works

Funding arbitrage combines opposing positions on two venues — long the one paying the most negative funding, short the one paying the most positive — to reduce directional exposure and capture the difference between their funding payments. Fees, slippage, basis divergence and liquidation risk can reduce the result. See the methodology for how it is measured and the guide for the full walkthrough.

Markets related to DELL

also quoted on both Hyperliquid and Lighter

The same two exchanges you would already have funded for the DELL trade. Every spread between them is on the Hyperliquid vs Lighter page.