Funding arb · Price arb /

DASH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0416%/8h= −45.5% APRpaid last 24h −0.032%

Price spread now: HTX against Coinbase International−0.268%7-day average −0.055% · you buy dearer than you sell

Net, funding: paid 7d − costs−$126as in the Funding arb table

Net, price: spread back to 7d avg − costs−$153as in the Price arb table

costs, in and out, $10k−$1311.312% of the position

Long on Coinbase International Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.055%+$5 on $10k

Price spread, last 4 days (all we have)+0.022%+$2 · spread now −0.268%, 7d avg −0.055%

Together, before fees+0.077%+$8 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and HTX is 0.214% cheaper against Coinbase International than usual: you would sell low and buy high (−$21 if the spread goes back to its 7-day average of −0.055%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.055%, so the current rate has only just turned against you.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.055% in total (about 2.9% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International DASH-PERP-INTX	59.660	0.0552	pay 0.0069% / 1h	21m 30s	$82K	$213K	25x
Short	HTX DASH-USDT	59.500	0.0136	get 0.0136% / 8h	6h 21m	$117K	$223K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Coinbase International. 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 Coinbase InternationalbpFee HTXbpOrdersPrice spread, now −0.268%Rate

Funding earned: −$87.33
Price spread: −0.268% → −0.055%: −$21.35
Slippage, 4 orders: −$109.19
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: −$239.87
Costs to cover: 1.312%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 29 min ago; HTX: live order book, 28 min ago.

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 Coinbase International live order book, 29 min ago	18.61 bp	28.4 bp −$28	44.7 bp −$447	doesn't fit	doesn't fit
Sell HTX live order book, 28 min ago	24.47 bp	38.6 bp −$39	doesn't fit	doesn't fit	doesn't fit

DASH on 22 exchanges

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
Injective DASH/USDC PERP	+0.0033%	1h	58.850	−1.358%	$7	$134K	5.5x	as long as short
Deribit DASH_USDC-PERPETUAL	+0.0087%	1h	59.430	−0.386%	$30K	$32K	50x	as long as short
Lighter DASH	+0.0096%	1h	59.367	−0.491%	$126K	$101K	10x	as long as short
Aster DASHUSDT	+0.0100%	8h	59.347	−0.525%	$125K	$366K	20x	as long as short
Binance DASHUSDT	+0.0100%	8h	59.311	−0.584%	$28.8M	$87.6M	75x	as long as short
Bybit DASHUSDT	+0.0100%	8h	59.350	−0.520%	$11.3M	$21.6M	75x	as long as short
OKX DASH-USDT-SWAP	+0.0100%	4h	59.310	−0.587%	$6.2M	$31.2M	50x	as long as short
Gate DASH_USDT	+0.0100%	8h	59.340	−0.536%	$1.6M	$2.8M	50x	as long as short
MEXC DASH_USDT	+0.0100%	8h	59.340	−0.536%	$21.3M	$12.3M	100x	as long as short
KuCoin DASHUSDTM	+0.0100%	8h	59.400	−0.436%	$8.5M	$4.7M	30x	as long as short

Show all 22 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget DASHUSDT	+0.0100%	8h	59.350	−0.520%	$6.7M	$3.4M	50x	as long as short
BingX DASH-USDT	+0.0100%	8h	59.340	−0.536%	—	$7.7M	—	as long as short
Variational Omni DASH	+0.0100%	8h	59.503	−0.263%	$319K	$239K	—	as long as short
SunX DASH-USDT	+0.0100%	8h	59.450	−0.352%	$25K	$1.2M	20x	as long as short
SoDEX DASH-USD	+0.0100%	1h	59.415	−0.411%	$272K	$4K	5x	as long as short
Extended DASH-USD	+0.0104%	1h	59.334	−0.547%	$11K	$290K	10x	as long as short
HTX DASH-USDTshort	+0.0136%	8h	59.500	−0.268%	$117K	$223K	30x
BloFin DASH-USDT	+0.0220%	8h	59.420	−0.402%	$3.1M	$1.4M	75x	as long as short
Hyperliquid DASH	+0.0327%	1h	59.468	−0.323%	$4.7M	$2.8M	5x	as long as short
GMX DASH/USD [WBTC.b-USDC]	L +0.0527% / S −0.0389%	1h	59.419	−0.404%	$159K	—	50x	as long as short
Kraken Futures PF_DASHUSD	+0.0547%	1h	59.450	−0.352%	$761K	$3.0M	25x	as long as short
Coinbase International DASH-PERP-INTXlong	+0.0552%	1h	59.660	long leg	$82K	$213K	25x