Funding arb · Price arb /

DOT

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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: HTX against Coinbase International−0.442%7-day average −0.038% · you buy dearer than you sell

Net, funding: paid 7d − costs−$55as in the Funding arb table

Net, price: spread back to 7d avg − costs−$127as in the Price arb table

costs, in and out, $10k−$870.870% of the position

Long on Coinbase International Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.322%+$32 on $10k

Price spread, last 4 days (all we have)+0.292%+$29 · spread now −0.442%, 7d avg −0.038%

Together, before fees+0.615%+$61 on $10k · with fees, hour by hour

Funding pays, the price is against you. HTX is 0.404% cheaper against Coinbase International than usual: you would sell low and buy high (spread −0.442% now, against its 7-day average of −0.038%). If the spread goes back, that is −$40 on $10k: about 2.8 days of funding at the current rate (+$14 a day). At the pace of the last 7 days (+0.322% in total) that is about 8.8 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.322% in total (about 16.8% 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	Coinbase International DOT-PERP-INTX	1.1990	−0.0376	get 0.0047% / 1h	41m 35s	$197K	$2.0M	50x
Short	HTX DOT-USDT	1.1937	0.0100	get 0.0100% / 8h	5h 41m	$260K	$241K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −0.442%Rate

Funding earned: $99.96
Price spread: −0.442% → −0.038%: −$40.4
Slippage, 4 orders: −$65.04
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: −$27.48
Costs to cover: 0.870%
Break-even: 8.9 days

Slippage from Coinbase International: live order book, 2 min ago; HTX: live order book, 20 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	12.55 bp	17.5 bp −$18	22.4 bp −$224	doesn't fit	doesn't fit
Sell HTX live order book, 20 min ago	18.31 bp	25.8 bp −$26	doesn't fit	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	−0.1834%	1h	1.1970	−0.167%	$228K	$116K	50x	as long as short
Coinbase International DOT-PERP-INTXlong	−0.0376%	1h	1.1990	long leg	$197K	$2.0M	50x
Reya DOTRUSDPERP	−0.0166%	1h	1.1972	−0.150%	$259	—	—	as long as short
dYdX DOT-USD	0.0000%	1h	1.1922	−0.569%	$144K	$6K	10x	as long as short
gTrade (Gains Network) DOT/USD	L 0.0000% / S +0.0004%	1h	1.1977	−0.108%	$3K	—	150x	as long as short
Injective DOT/USDC PERP	+0.0033%	1h	1.2020	+0.250%	$328	$121K	12x	as long as short
OKX DOT-USDT-SWAP	+0.0081%	8h	1.1938	−0.434%	$9.3M	$24.1M	50x	as long as short
Lighter DOT	+0.0096%	1h	1.1930	−0.497%	$270K	$630K	10x	as long as short
Hyperliquid DOT	+0.0100%	1h	1.1925	−0.542%	$5.4M	$3.5M	10x	as long as short
Aster DOTUSDT	+0.0100%	8h	1.1936	−0.454%	$863K	$705K	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	1.1942	−0.403%	$44.0M	$84.8M	75x	as long as short
Bybit DOTUSDT	+0.0100%	8h	1.1941	−0.409%	$24.5M	$18.9M	75x	as long as short
Gate DOT_USDT	+0.0100%	8h	1.1930	−0.500%	$6.7M	$11.7M	75x	as long as short
MEXC DOT_USDT	+0.0100%	8h	1.1931	−0.492%	$29.8M	$48.4M	300x	as long as short
KuCoin DOTUSDTM	+0.0100%	8h	1.1927	−0.525%	$6.4M	$9.2M	75x	as long as short
Bitget DOTUSDT	+0.0100%	8h	1.1930	−0.500%	$22.7M	$14.8M	75x	as long as short
BingX DOT-USDT	+0.0100%	8h	1.1936	−0.450%	—	$29.8M	—	as long as short
Backpack DOT_USDC_PERP	+0.0100%	1h	1.1953	−0.309%	$93K	$126K	10x	as long as short
Variational Omni DOT	+0.0100%	8h	1.1920	−0.585%	$541K	$58K	—	as long as short
edgeX DOTUSDC	+0.0100%	4h	1.1954	−0.299%	$35K	$333K	20x	as long as short
GRVT DOT_USDT_Perp	+0.0100%	8h	1.1960	−0.249%	$232K	$431K	10x	as long as short
Orderly PERP_DOT_USDC	+0.0100%	8h	1.1960	−0.250%	$8K	$23K	10x	as long as short
SunX DOT-USDT	+0.0100%	8h	1.1996	+0.050%	$2K	$1.3M	20x	as long as short
HTX DOT-USDTshort	+0.0100%	8h	1.1937	−0.442%	$260K	$241K	75x
Extended DOT-USD	+0.0104%	1h	1.1931	−0.489%	$17K	$303K	25x	as long as short
BloFin DOT-USDT	+0.0220%	8h	1.1968	−0.183%	$2.2M	$858K	75x	as long as short
Phemex DOTUSDT	+0.0283%	8h	1.1980	−0.083%	$2.3M	$2.2M	50x	as long as short
GMX DOT/USD [WBTC.b-USDC]	L +0.0303% / S −0.1012%	1h	1.1978	−0.097%	$22K	—	100x	as long as short
Kraken Futures PF_DOTUSD	+0.0409%	1h	1.1970	−0.166%	$4.5M	$1.5M	50x	as long as short