Funding arb · Price arb /

DOT

all DOT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0532%/8h= −58.3% APRpaid last 24h −0.091%

Price spread now: Coinbase International against Bitget+0.025%57s7-day average +0.026% · you sell dearer than you buy

Net, funding: paid 7d − costs−$86as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$560.559% of the position

Long on Bitget Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.304%−$30 on $10k

Price spread, last 4 days (all we have)−0.043%−$4 · spread now +0.025%, 7d avg +0.026%

Together, before fees−0.347%−$35 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.026%, so right now this pair is about funding alone: −$16 a day on $10k at the current rate. The two prices were read 57 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.304% in total (about -15.8% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget DOTUSDT	1.1927	0.0100	pay 0.0100% / 8h	3h 34m	$22.8M	$14.5M	75x
Short	Coinbase International DOT-PERP-INTX	1.1930	−0.0432	pay 0.0054% / 1h	34m 21s	$196K	$1.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Bitget. 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 BitgetbpFee Coinbase InternationalbpOrdersPrice spread, now +0.025%Rate

Funding earned: −$111.72
Price spread: +0.025% → +0.026%: −$0.11
Slippage, 4 orders: −$33.91
Fee Bitget: 6 bp × 2 orders: −$12
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$167.74
Costs to cover: 0.559%
Break-even: never at this rate

Slippage from Bitget: live order book, 4 min ago; Coinbase International: live order book, 4 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 Bitget live order book, 4 min ago	4.20 bp	10.7 bp −$11	17.8 bp −$178	36.1 bp −$3,611	doesn't fit
Sell Coinbase International live order book, 4 min ago	8.39 bp	13.4 bp −$13	18.5 bp −$185	doesn't fit	doesn't fit

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	−0.2426%	1h	1.1927	0.000%	$229K	$123K	50x	as long as short
Coinbase International DOT-PERP-INTXshort	−0.0432%	1h	1.1930	+0.025%	$196K	$1.9M	50x
Reya DOTRUSDPERP	−0.0166%	1h	1.1917	−0.088%	$258	—	—	as long as short
dYdX DOT-USD	0.0000%	1h	1.1947	+0.166%	$144K	$6K	10x	as long as short
gTrade (Gains Network) DOT/USD	L 0.0000% / S +0.0004%	1h	1.1921	−0.047%	$3K	—	150x	as long as short
Injective DOT/USDC PERP	+0.0033%	1h	1.2020	+0.780%	$328	$121K	12x	as long as short
Kraken Futures PF_DOTUSD	+0.0057%	1h	1.1951	+0.201%	$4.4M	$1.4M	50x	as long as short
Lighter DOT	+0.0096%	1h	1.1948	+0.176%	$262K	$636K	10x	as long as short
Hyperliquid DOT	+0.0100%	1h	1.1925	−0.017%	$5.4M	$3.3M	10x	as long as short
Aster DOTUSDT	+0.0100%	8h	1.1943	+0.133%	$851K	$593K	50x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance DOTUSDT	+0.0100%	8h	1.1920	−0.057%	$43.9M	$84.9M	75x	as long as short
Bybit DOTUSDT	+0.0100%	8h	1.1922	−0.042%	$24.4M	$18.8M	75x	as long as short
OKX DOT-USDT-SWAP	+0.0100%	8h	1.1919	−0.067%	$9.5M	$24.4M	50x	as long as short
Gate DOT_USDT	+0.0100%	8h	1.1930	+0.025%	$6.7M	$11.9M	75x	as long as short
MEXC DOT_USDT	+0.0100%	8h	1.1925	−0.017%	$33.4M	$54.7M	300x	as long as short
KuCoin DOTUSDTM	+0.0100%	8h	1.1932	+0.042%	$6.5M	$9.2M	75x	as long as short
Bitget DOTUSDTlong	+0.0100%	8h	1.1927	long leg	$22.8M	$14.5M	75x
BingX DOT-USDT	+0.0100%	8h	1.1927	0.000%	—	$29.6M	—	as long as short
Backpack DOT_USDC_PERP	+0.0100%	1h	1.1948	+0.176%	$93K	$130K	10x	as long as short
Variational Omni DOT	+0.0100%	8h	1.1924	−0.022%	$543K	$58K	—	as long as short
edgeX DOTUSDC	+0.0100%	4h	1.1931	+0.032%	$35K	$335K	20x	as long as short
GRVT DOT_USDT_Perp	+0.0100%	8h	1.1898	−0.240%	$226K	$420K	10x	as long as short
Orderly PERP_DOT_USDC	+0.0100%	8h	1.1920	−0.059%	$8K	$20K	10x	as long as short
SunX DOT-USDT	+0.0100%	8h	1.1936	+0.075%	$2K	$1.3M	20x	as long as short
HTX DOT-USDT	+0.0100%	8h	1.1952	+0.210%	$264K	$261K	75x	as long as short
Extended DOT-USD	+0.0104%	1h	1.1915	−0.100%	$17K	$310K	25x	as long as short
Phemex DOTUSDT	+0.0124%	8h	1.1960	+0.277%	$2.4M	$2.2M	50x	as long as short
BloFin DOT-USDT	+0.0220%	8h	1.1938	+0.092%	$2.2M	$888K	75x	as long as short
GMX DOT/USD [WBTC.b-USDC]	L +0.0302% / S −0.1012%	1h	1.1920	−0.059%	$22K	—	100x	as long as short