Funding arb · Price arb /

DOT

all DOT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0914%/8h= +100.1% APRpaid last 24h +0.279%

Price spread now: GMX against BingX−0.068%7-day average — · you buy dearer than you sell

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

Long on BingX Short on GMX

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—needs both histories

Funding pays, the price is against you. GMX is 0.068% cheaper against BingX than usual: you would sell low and buy high (spread −0.068% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 6 hours of funding at the current rate (+$27 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX DOT-USDT	1.1872	0.0100	pay 0.0100% / 8h	2h 40m	—	$28.5M	—
Short	GMX DOT/USD [WBTC.b-USDC]	1.1864	L +0.0300% / S −0.1014%	get 0.0127% / 1h	40m 28s	$22K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against BingX. 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 BingXbpFee GMXbpOrdersPrice spread, now −0.068%Rate

Funding earned: $191.94
Price spread: −0.068% → 0.000%: −$6.81
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: $163.12
Costs to cover: 0.220%
Break-even: 1.1 days

Slippage unknown: BingX: live order book, 3 min ago; GMX: 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 BingX live order book, 3 min ago	0.42 bp	5.4 bp −$5	11.5 bp −$115	25.2 bp −$2,524	99.6 bp −$49.8K
Sell GMX no order-book sample	—	—	—	—	—

GMX: 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.

DOT on 29 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
Deribit DOT_USDC-PERPETUAL	−0.0760%	1h	1.1870	−0.017%	$217K	$118K	50x	as long as short
Reya DOTRUSDPERP	−0.0166%	1h	1.1876	+0.030%	$257	—	—	as long as short
Kraken Futures PF_DOTUSD	−0.0129%	1h	1.1866	−0.048%	$4.4M	$1.3M	50x	as long as short
Injective DOT/USDC PERP	−0.0080%	1h	1.1820	−0.438%	$323	$83K	12x	as long as short
Coinbase International DOT-PERP-INTX	−0.0064%	1h	1.1850	−0.185%	$189K	$1.8M	50x	as long as short
OKX DOT-USDT-SWAP	−0.0039%	8h	1.1876	+0.034%	$9.3M	$22.9M	50x	as long as short
dYdX DOT-USD	0.0000%	1h	1.1875	+0.024%	$143K	$6K	10x	as long as short
gTrade (Gains Network) DOT/USD	L 0.0000% / S +0.0004%	1h	1.1863	−0.077%	$3K	—	150x	as long as short
KuCoin DOTUSDTM	+0.0039%	8h	1.1874	+0.017%	$6.7M	$8.6M	75x	as long as short
Backpack DOT_USDC_PERP	+0.0066%	1h	1.1864	−0.067%	$95K	$120K	10x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC DOT_USDT	+0.0092%	8h	1.1871	−0.008%	$32.1M	$34.1M	300x	as long as short
Binance DOTUSDT	+0.0092%	8h	1.1872	+0.004%	$43.9M	$79.7M	75x	as long as short
Lighter DOT	+0.0096%	1h	1.1871	−0.008%	$260K	$563K	10x	as long as short
Extended DOT-USD	+0.0096%	1h	1.1874	+0.013%	$15K	$240K	25x	as long as short
Hyperliquid DOT	+0.0100%	1h	1.1876	+0.034%	$5.3M	$3.1M	10x	as long as short
Aster DOTUSDT	+0.0100%	8h	1.1861	−0.093%	$889K	$647K	50x	as long as short
Bybit DOTUSDT	+0.0100%	8h	1.1873	+0.008%	$24.4M	$17.6M	75x	as long as short
Gate DOT_USDT	+0.0100%	8h	1.1870	−0.017%	$6.8M	$11.2M	75x	as long as short
Bitget DOTUSDT	+0.0100%	8h	1.1880	+0.067%	$22.8M	$13.4M	75x	as long as short
BingX DOT-USDTlong	+0.0100%	8h	1.1872	long leg	—	$28.5M	—
Variational Omni DOT	+0.0100%	8h	1.1856	−0.138%	$539K	$91K	—	as long as short
edgeX DOTUSDC	+0.0100%	4h	1.1806	−0.554%	$34K	$333K	20x	as long as short
GRVT DOT_USDT_Perp	+0.0100%	8h	1.1806	−0.556%	$229K	$469K	10x	as long as short
Orderly PERP_DOT_USDC	+0.0100%	8h	1.1850	−0.185%	$8K	$27K	10x	as long as short
SunX DOT-USDT	+0.0100%	8h	1.1877	+0.042%	$2K	$1.2M	20x	as long as short
HTX DOT-USDT	+0.0100%	8h	1.1820	−0.438%	$245K	$206K	75x	as long as short
BloFin DOT-USDT	+0.0212%	8h	1.1862	−0.084%	$2.3M	$755K	75x	as long as short
GMX DOT/USD [WBTC.b-USDC]short	L +0.0300% / S −0.1014%	1h	1.1864	−0.068%	$22K	—	100x
Phemex DOTUSDT	+0.0393%	8h	1.1870	−0.017%	$2.2M	$2.1M	50x	as long as short