Funding arb · Price arb /

DOT

all DOT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0148%/8h= +16.2% APRpaid last 24h +0.081%

Price spread now: Gate against Coinbase International−0.084%7-day average −0.029% · you buy dearer than you sell

Net, funding: paid 7d − costs−$41as in the Funding arb table

Net, price: spread back to 7d avg − costs−$67as in the Price arb table

costs, in and out, $10k−$620.618% of the position

Long on Coinbase International Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.206%+$21 on $10k

Price spread, last 3 days (all we have)+0.066%+$7 · spread now −0.084%, 7d avg −0.029%

Together, before fees+0.272%+$27 on $10k · with fees, hour by hour

Funding pays, the price is against you. Gate is 0.054% cheaper against Coinbase International than usual: you would sell low and buy high (spread −0.084% now, against its 7-day average of −0.029%). If the spread goes back, that is −$5 on $10k: about 29 hours of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International DOT-PERP-INTX	1.1970	−0.0048	get 0.0006% / 1h	49m 37s	$205K	$1.8M	50x
Short	Gate DOT_USDT	1.1960	0.0100	get 0.0100% / 8h	7h 49m	$6.7M	$11.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.084%Rate

Funding earned: $31.08
Price spread: −0.084% → −0.029%: −$5.41
Slippage, 4 orders: −$36.81
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$36.15
Costs to cover: 0.618%
Break-even: 15.1 days

Slippage from Coinbase International: live order book, 4 min ago; Gate: 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 Coinbase International live order book, 4 min ago	4.17 bp	17.4 bp −$17	22.9 bp −$229	doesn't fit	doesn't fit
Sell Gate live order book, 4 min ago	4.17 bp	16.9 bp −$17	42.3 bp −$423	73.1 bp −$7,309	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
Reya DOTRUSDPERP	−0.0166%	1h	1.1967	−0.028%	$259	—	—	as long as short
Coinbase International DOT-PERP-INTXlong	−0.0048%	1h	1.1970	long leg	$205K	$1.8M	50x
dYdX DOT-USD	0.0000%	1h	1.1967	−0.024%	$144K	$6K	10x	as long as short
Deribit DOT_USDC-PERPETUAL	0.0000%	1h	1.1971	+0.008%	$219K	$116K	50x	as long as short
gTrade (Gains Network) DOT/USD	L 0.0000% / S +0.0004%	1h	1.1975	+0.040%	$5K	—	150x	as long as short
OKX DOT-USDT-SWAP	+0.0012%	8h	1.1961	−0.075%	$9.5M	$23.9M	50x	as long as short
Injective DOT/USDC PERP	+0.0033%	1h	1.2020	+0.418%	$328	$121K	12x	as long as short
KuCoin DOTUSDTM	+0.0051%	8h	1.1957	−0.109%	$6.6M	$9.0M	75x	as long as short
Backpack DOT_USDC_PERP	+0.0081%	1h	1.1963	−0.058%	$96K	$129K	10x	as long as short
Variational Omni DOT	+0.0091%	8h	1.1954	−0.137%	$545K	$61K	—	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter DOT	+0.0096%	1h	1.1959	−0.092%	$245K	$595K	10x	as long as short
Hyperliquid DOT	+0.0100%	1h	1.1959	−0.092%	$5.4M	$3.5M	10x	as long as short
Aster DOTUSDT	+0.0100%	8h	1.1976	+0.048%	$872K	$691K	50x	as long as short
Binance DOTUSDT	+0.0100%	8h	1.1961	−0.075%	$44.1M	$83.3M	75x	as long as short
Bybit DOTUSDT	+0.0100%	8h	1.1960	−0.084%	$24.7M	$18.7M	75x	as long as short
Gate DOT_USDTshort	+0.0100%	8h	1.1960	−0.084%	$6.7M	$11.5M	75x
MEXC DOT_USDT	+0.0100%	8h	1.1963	−0.058%	$34.8M	$41.6M	300x	as long as short
Bitget DOTUSDT	+0.0100%	8h	1.1965	−0.042%	$22.9M	$14.7M	75x	as long as short
BingX DOT-USDC	+0.0100%	8h	1.1967	−0.025%	—	$1.3M	—	as long as short
edgeX DOTUSDC	+0.0100%	4h	1.1985	+0.122%	$35K	$333K	20x	as long as short
GRVT DOT_USDT_Perp	+0.0100%	8h	1.1985	+0.122%	$232K	$457K	10x	as long as short
Orderly PERP_DOT_USDC	+0.0100%	8h	1.1970	0.000%	$8K	$23K	10x	as long as short
SunX DOT-USDT	+0.0100%	8h	1.1976	+0.050%	$1K	$1.3M	20x	as long as short
HTX DOT-USDT	+0.0100%	8h	1.1980	+0.084%	$247K	$216K	75x	as long as short
Extended DOT-USD	+0.0104%	1h	1.1967	−0.025%	$14K	$236K	25x	as long as short
Kraken Futures PF_DOTUSD	+0.0117%	1h	1.1969	−0.012%	$4.5M	$1.4M	50x	as long as short
BloFin DOT-USDT	+0.0220%	8h	1.1960	−0.084%	$2.2M	$785K	75x	as long as short
GMX DOT/USD [WBTC.b-USDC]	L +0.0302% / S −0.1012%	1h	1.1976	+0.050%	$22K	—	100x	as long as short
Phemex DOTUSDT	+0.1027%	8h	1.1980	+0.084%	$2.3M	$2.1M	50x	as long as short