Funding arb · Price arb /

DOT

all DOT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0476%/8h= +52.1% APRpaid last 24h +0.086%

Price spread now: BingX against Coinbase International−0.033%7-day average −0.025% · you buy dearer than you sell

Net, funding: paid 7d − costs−$214as in the Funding arb table

Net, price: spread back to 7d avg − costs−$244as in the Price arb table

costs, in and out, $10k−$2442.435% of the position

Long on Coinbase International Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.297%+$30 on $10k

Price spread, last 4 days (all we have)+0.113%+$11 · spread now −0.033%, 7d avg −0.025%

Together, before fees+0.410%+$41 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.025%, so right now this pair is about funding alone: +$14 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.297% in total (about 15.5% 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	Coinbase International DOT-PERP-INTX	1.1980	−0.0376	get 0.0047% / 1h	19m 37s	$197K	$2.0M	50x
Short	BingX DOT-USDC	1.1976	0.0100	get 0.0100% / 8h	5h 19m	—	$1.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now −0.033%Rate

Funding earned: $99.96
Price spread: −0.033% → −0.025%: −$0.81
Slippage, 4 orders: −$223.5
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$144.35
Costs to cover: 2.435%
Break-even: 17.1 days

Slippage from Coinbase International: live order book, 4 min ago; BingX: live order book, 1 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, 4 min ago	8.33 bp	21.6 bp −$22	26.2 bp −$262	doesn't fit	doesn't fit
Sell BingX live order book, 1 min ago	2.92 bp	94.7 bp −$95	200.9 bp −$2,009	439.0 bp −$43.9K	990.0 bp −$495.0K

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	−0.1999%	1h	1.1976	−0.033%	$229K	$115K	50x	as long as short
Coinbase International DOT-PERP-INTXlong	−0.0376%	1h	1.1980	long leg	$197K	$2.0M	50x
Reya DOTRUSDPERP	−0.0166%	1h	1.1967	−0.107%	$259	—	—	as long as short
dYdX DOT-USD	0.0000%	1h	1.1976	−0.037%	$144K	$6K	10x	as long as short
gTrade (Gains Network) DOT/USD	L 0.0000% / S +0.0004%	1h	1.1975	−0.038%	$3K	—	150x	as long as short
Injective DOT/USDC PERP	+0.0033%	1h	1.2020	+0.334%	$328	$121K	12x	as long as short
Lighter DOT	+0.0096%	1h	1.1981	+0.007%	$271K	$632K	10x	as long as short
OKX DOT-USDT-SWAP	+0.0098%	8h	1.1973	−0.058%	$9.4M	$24.3M	50x	as long as short
Hyperliquid DOT	+0.0100%	1h	1.1969	−0.092%	$5.4M	$3.5M	10x	as long as short
Aster DOTUSDT	+0.0100%	8h	1.1981	+0.012%	$864K	$707K	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	1.1976	−0.034%	$44.0M	$85.3M	75x	as long as short
Bybit DOTUSDT	+0.0100%	8h	1.1972	−0.067%	$24.6M	$19.0M	75x	as long as short
Gate DOT_USDT	+0.0100%	8h	1.1980	0.000%	$6.8M	$11.8M	75x	as long as short
MEXC DOT_USDT	+0.0100%	8h	1.1976	−0.033%	$32.7M	$49.7M	300x	as long as short
KuCoin DOTUSDTM	+0.0100%	8h	1.1970	−0.083%	$6.6M	$9.2M	75x	as long as short
Bitget DOTUSDT	+0.0100%	8h	1.1975	−0.042%	$22.9M	$14.9M	75x	as long as short
BingX DOT-USDCshort	+0.0100%	8h	1.1976	−0.033%	—	$1.3M	—
Backpack DOT_USDC_PERP	+0.0100%	1h	1.1961	−0.159%	$93K	$131K	10x	as long as short
Variational Omni DOT	+0.0100%	8h	1.1983	+0.027%	$545K	$58K	—	as long as short
edgeX DOTUSDC	+0.0100%	4h	1.1987	+0.055%	$35K	$335K	20x	as long as short
GRVT DOT_USDT_Perp	+0.0100%	8h	1.2011	+0.258%	$229K	$427K	10x	as long as short
Orderly PERP_DOT_USDC	+0.0100%	8h	1.1980	0.000%	$8K	$24K	10x	as long as short
SunX DOT-USDT	+0.0100%	8h	1.1992	+0.100%	$2K	$1.3M	20x	as long as short
HTX DOT-USDT	+0.0100%	8h	1.1990	+0.083%	$261K	$242K	75x	as long as short
Extended DOT-USD	+0.0104%	1h	1.1974	−0.051%	$14K	$305K	25x	as long as short
BloFin DOT-USDT	+0.0220%	8h	1.1981	+0.008%	$2.2M	$879K	75x	as long as short
Phemex DOTUSDT	+0.0258%	8h	1.1980	0.000%	$2.3M	$2.2M	50x	as long as short
GMX DOT/USD [WBTC.b-USDC]	L +0.0303% / S −0.1012%	1h	1.1974	−0.047%	$22K	—	100x	as long as short
Kraken Futures PF_DOTUSD	+0.0409%	1h	1.1975	−0.041%	$4.5M	$1.5M	50x	as long as short