Funding arb · Price arb /

DOT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0708%/8h= +77.5% APRpaid last 24h +0.086%

Price spread now: Bitget against Coinbase International+0.084%7-day average −0.025% · you sell dearer than you buy

Net, funding: paid 7d − costs−$34as in the Funding arb table

Net, price: spread back to 7d avg − costs−$51as in the Price arb table

costs, in and out, $10k−$620.619% of the position

Long on Coinbase International Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.283%+$28 on $10k

Price spread, last 4 days (all we have)+0.030%+$3 · spread now +0.084%, 7d avg −0.025%

Together, before fees+0.313%+$31 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$21 a day on $10k at the current rate, and Bitget is 0.109% dearer against Coinbase International than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of −0.025%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.283% in total (about 14.7% 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	1.1860	−0.0608	get 0.0076% / 1h	57m 04s	$195K	$1.9M	50x
Short	Bitget DOTUSDT	1.1870	0.0100	get 0.0100% / 8h	4h 57m	$22.7M	$14.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.084%Rate

Funding earned: $148.68
Price spread: +0.084% → −0.025%: $10.94
Slippage, 4 orders: −$39.88
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: $97.74
Costs to cover: 0.619%
Break-even: 2.4 days

Slippage from Coinbase International: live order book, 2 min ago; Bitget: live order book, 2 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, 2 min ago	4.21 bp	17.5 bp −$18	24.0 bp −$240	doesn't fit	doesn't fit
Sell Bitget live order book, 2 min ago	4.22 bp	10.2 bp −$10	20.8 bp −$208	67.7 bp −$6,767	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	−0.2270%	1h	1.1874	+0.118%	$227K	$114K	50x	as long as short
Coinbase International DOT-PERP-INTXlong	−0.0608%	1h	1.1860	long leg	$195K	$1.9M	50x
Reya DOTRUSDPERP	−0.0166%	1h	1.1860	−0.003%	$257	—	—	as long as short
Backpack DOT_USDC_PERP	−0.0004%	1h	1.1882	+0.185%	$93K	$129K	10x	as long as short
dYdX DOT-USD	0.0000%	1h	1.1834	−0.218%	$142K	$6K	10x	as long as short
gTrade (Gains Network) DOT/USD	L 0.0000% / S +0.0004%	1h	1.1868	+0.064%	$3K	—	150x	as long as short
Injective DOT/USDC PERP	+0.0033%	1h	1.2020	+1.349%	$328	$121K	12x	as long as short
Lighter DOT	+0.0096%	1h	1.1872	+0.098%	$268K	$632K	10x	as long as short
Hyperliquid DOT	+0.0100%	1h	1.1884	+0.202%	$5.3M	$3.5M	10x	as long as short
Aster DOTUSDT	+0.0100%	8h	1.1854	−0.050%	$856K	$709K	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	1.1873	+0.110%	$43.6M	$85.2M	75x	as long as short
Bybit DOTUSDT	+0.0100%	8h	1.1872	+0.101%	$24.4M	$19.0M	75x	as long as short
OKX DOT-USDT-SWAP	+0.0100%	8h	1.1876	+0.135%	$9.4M	$24.3M	50x	as long as short
Gate DOT_USDT	+0.0100%	8h	1.1870	+0.084%	$6.7M	$11.7M	75x	as long as short
MEXC DOT_USDT	+0.0100%	8h	1.1871	+0.093%	$34.7M	$50.6M	300x	as long as short
KuCoin DOTUSDTM	+0.0100%	8h	1.1864	+0.034%	$6.5M	$9.1M	75x	as long as short
Bitget DOTUSDTshort	+0.0100%	8h	1.1870	+0.084%	$22.7M	$14.8M	75x
BingX DOT-USDT	+0.0100%	8h	1.1870	+0.084%	—	$29.7M	—	as long as short
Variational Omni DOT	+0.0100%	8h	1.1873	+0.110%	$540K	$58K	—	as long as short
edgeX DOTUSDC	+0.0100%	4h	1.1871	+0.094%	$35K	$336K	20x	as long as short
GRVT DOT_USDT_Perp	+0.0100%	8h	1.1870	+0.084%	$226K	$407K	10x	as long as short
Orderly PERP_DOT_USDC	+0.0100%	8h	1.1860	0.000%	$8K	$24K	10x	as long as short
SunX DOT-USDT	+0.0100%	8h	1.1884	+0.202%	$2K	$1.3M	20x	as long as short
HTX DOT-USDT	+0.0100%	8h	1.1877	+0.143%	$258K	$242K	75x	as long as short
Extended DOT-USD	+0.0104%	1h	1.1862	+0.017%	$14K	$303K	25x	as long as short
Kraken Futures PF_DOTUSD	+0.0213%	1h	1.1874	+0.118%	$4.4M	$1.5M	50x	as long as short
BloFin DOT-USDT	+0.0220%	8h	1.1869	+0.076%	$2.2M	$874K	75x	as long as short
Phemex DOTUSDT	+0.0232%	8h	1.1870	+0.084%	$2.3M	$2.2M	50x	as long as short
GMX DOT/USD [WBTC.b-USDC]	L +0.0302% / S −0.1012%	1h	1.1866	+0.054%	$22K	—	100x	as long as short