Funding arb · Price arb /

DOT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC+0.0164%/8h= +18.0% APRpaid last 24h +0.059%

Price spread now: GRVT against Coinbase International−0.371%7-day average −0.020% · you buy dearer than you sell

Net, funding: paid 7d − costs−$145as in the Funding arb table

Net, price: spread back to 7d avg − costs−$208as in the Price arb table

costs, in and out, $10k−$1731.733% of the position

Long on Coinbase International Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days+0.280%+$28 on $10k

Price spread, last 3 days (all we have)+0.504%+$50 · spread now −0.371%, 7d avg −0.020%

Together, before fees+0.784%+ Points / potential airdropGRVT: Active · farm board+$78 on $10k · with fees, hour by hour

Funding pays, the price is against you. GRVT is 0.352% cheaper against Coinbase International than usual: you would sell low and buy high (spread −0.371% now, against its 7-day average of −0.020%). If the spread goes back, that is −$35 on $10k: about 7.1 days of funding at the current rate (+$5 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International DOT-PERP-INTX	1.1850	−0.0064	get 0.0008% / 1h	40m 37s	$189K	$1.8M	50x
Short	GRVT DOT_USDT_Perp	1.1806	0.0100	get 0.0100% / 8h	2h 40m	$229K	$469K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now −0.371%Rate

Funding earned: $34.44
Price spread: −0.371% → −0.020%: −$35.17
Slippage, 4 orders: −$154.32
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$174.05
Costs to cover: 1.733%
Break-even: 42.4 days

Slippage from Coinbase International: live order book, 3 min ago; GRVT: live order book, 47 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, 3 min ago	8.45 bp	21.1 bp −$21	21.9 bp −$219	doesn't fit	doesn't fit
Sell GRVT live order book, 47 min ago	4.21 bp	48.3 bp −$48	198.6 bp −$1,986	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	−0.0760%	1h	1.1870	+0.169%	$217K	$118K	50x	as long as short
Reya DOTRUSDPERP	−0.0166%	1h	1.1856	+0.053%	$257	—	—	as long as short
Kraken Futures PF_DOTUSD	−0.0129%	1h	1.1866	+0.137%	$4.4M	$1.3M	50x	as long as short
Injective DOT/USDC PERP	−0.0080%	1h	1.1820	−0.253%	$323	$83K	12x	as long as short
Coinbase International DOT-PERP-INTXlong	−0.0064%	1h	1.1850	long leg	$189K	$1.8M	50x
OKX DOT-USDT-SWAP	−0.0039%	8h	1.1874	+0.203%	$9.3M	$22.9M	50x	as long as short
dYdX DOT-USD	0.0000%	1h	1.1875	+0.210%	$143K	$6K	10x	as long as short
gTrade (Gains Network) DOT/USD	L 0.0000% / S +0.0004%	1h	1.1863	+0.109%	$3K	—	150x	as long as short
KuCoin DOTUSDTM	+0.0039%	8h	1.1874	+0.203%	$6.7M	$8.6M	75x	as long as short
Backpack DOT_USDC_PERP	+0.0066%	1h	1.1864	+0.118%	$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	+0.177%	$32.1M	$34.1M	300x	as long as short
Binance DOTUSDT	+0.0092%	8h	1.1867	+0.145%	$43.9M	$79.7M	75x	as long as short
Lighter DOT	+0.0096%	1h	1.1871	+0.178%	$260K	$563K	10x	as long as short
Extended DOT-USD	+0.0096%	1h	1.1863	+0.107%	$15K	$240K	25x	as long as short
Hyperliquid DOT	+0.0100%	1h	1.1876	+0.219%	$5.3M	$3.1M	10x	as long as short
Aster DOTUSDT	+0.0100%	8h	1.1855	+0.043%	$888K	$647K	50x	as long as short
Bybit DOTUSDT	+0.0100%	8h	1.1870	+0.169%	$24.4M	$17.6M	75x	as long as short
Gate DOT_USDT	+0.0100%	8h	1.1870	+0.169%	$6.8M	$11.2M	75x	as long as short
Bitget DOTUSDT	+0.0100%	8h	1.1879	+0.245%	$22.8M	$13.4M	75x	as long as short
BingX DOT-USDC	+0.0100%	8h	1.1875	+0.211%	—	$1.3M	—	as long as short
Variational Omni DOT	+0.0100%	8h	1.1795	−0.468%	$537K	$91K	—	as long as short
edgeX DOTUSDC	+0.0100%	4h	1.1806	−0.369%	$34K	$333K	20x	as long as short
GRVT DOT_USDT_Perpshort	+0.0100%	8h	1.1806	−0.371%	$229K	$469K	10x
Orderly PERP_DOT_USDC	+0.0100%	8h	1.1850	0.000%	$8K	$27K	10x	as long as short
SunX DOT-USDT	+0.0100%	8h	1.1877	+0.228%	$2K	$1.2M	20x	as long as short
HTX DOT-USDT	+0.0100%	8h	1.1820	−0.253%	$245K	$206K	75x	as long as short
BloFin DOT-USDT	+0.0212%	8h	1.1862	+0.101%	$2.3M	$755K	75x	as long as short
GMX DOT/USD [WBTC.b-USDC]	L +0.0300% / S −0.1014%	1h	1.1864	+0.117%	$22K	—	100x	as long as short
Phemex DOTUSDT	+0.0393%	8h	1.1870	+0.169%	$2.2M	$2.1M	50x	as long as short