Funding arb · Price arb /

DOT

all DOT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0708%/8h= +77.5% APRpaid last 24h +0.075%

Price spread now: KuCoin against Coinbase International+0.126%51s7-day average −0.017% · you sell dearer than you buy

Net, funding: paid 7d − costs−$40as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$670.670% of the position

Long on Coinbase International Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.270%+$27 on $10k

Price spread, last 4 days (all we have)−0.025%−$2 · spread now +0.126%, 7d avg −0.017%

Together, before fees+0.245%+$25 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 KuCoin is 0.143% dearer against Coinbase International than usual: you sell high and buy low: +$14 more if the spread goes back to its 7-day average of −0.017%. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.270% in total (about 14.1% 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	1.1890	−0.0608	get 0.0076% / 1h	27m 26s	$196K	$1.9M	50x
Short	KuCoin DOTUSDTM	1.1905	0.0100	get 0.0100% / 8h	4h 27m	$6.5M	$9.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.126%Rate

Funding earned: $148.68
Price spread: +0.126% → −0.017%: $14.32
Slippage, 4 orders: −$44.97
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: $96.03
Costs to cover: 0.670%
Break-even: 2.5 days

Slippage from Coinbase International: live order book, 1 min ago; KuCoin: live order book, 6 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, 1 min ago	8.40 bp	21.5 bp −$21	26.5 bp −$265	doesn't fit	doesn't fit
Sell KuCoin live order book, 6 min ago	2.96 bp	13.7 bp −$14	38.9 bp −$389	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	−0.1848%	1h	1.1891	+0.008%	$228K	$116K	50x	as long as short
Coinbase International DOT-PERP-INTXlong	−0.0608%	1h	1.1890	long leg	$196K	$1.9M	50x
Reya DOTRUSDPERP	−0.0166%	1h	1.1903	+0.109%	$258	—	—	as long as short
dYdX DOT-USD	0.0000%	1h	1.1912	+0.185%	$143K	$6K	10x	as long as short
gTrade (Gains Network) DOT/USD	L 0.0000% / S +0.0004%	1h	1.1904	+0.119%	$3K	—	150x	as long as short
Injective DOT/USDC PERP	+0.0033%	1h	1.2020	+1.093%	$328	$121K	12x	as long as short
OKX DOT-USDT-SWAP	+0.0095%	8h	1.1900	+0.084%	$9.5M	$24.5M	50x	as long as short
Lighter DOT	+0.0096%	1h	1.1915	+0.210%	$269K	$634K	10x	as long as short
Hyperliquid DOT	+0.0100%	1h	1.1907	+0.143%	$5.3M	$3.4M	10x	as long as short
Aster DOTUSDT	+0.0100%	8h	1.1901	+0.093%	$859K	$580K	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	1.1906	+0.135%	$43.8M	$85.3M	75x	as long as short
Bybit DOTUSDT	+0.0100%	8h	1.1905	+0.126%	$24.4M	$19.0M	75x	as long as short
Gate DOT_USDT	+0.0100%	8h	1.1900	+0.084%	$6.6M	$11.9M	75x	as long as short
MEXC DOT_USDT	+0.0100%	8h	1.1908	+0.151%	$27.4M	$52.4M	300x	as long as short
KuCoin DOTUSDTMshort	+0.0100%	8h	1.1905	+0.126%	$6.5M	$9.2M	75x
Bitget DOTUSDT	+0.0100%	8h	1.1898	+0.067%	$22.7M	$14.8M	75x	as long as short
BingX DOT-USDC	+0.0100%	8h	1.1912	+0.185%	—	$1.3M	—	as long as short
Backpack DOT_USDC_PERP	+0.0100%	1h	1.1883	−0.059%	$93K	$130K	10x	as long as short
Variational Omni DOT	+0.0100%	8h	1.1868	−0.181%	$540K	$58K	—	as long as short
edgeX DOTUSDC	+0.0100%	4h	1.1863	−0.225%	$35K	$336K	20x	as long as short
GRVT DOT_USDT_Perp	+0.0100%	8h	1.1867	−0.190%	$236K	$420K	10x	as long as short
Orderly PERP_DOT_USDC	+0.0100%	8h	1.1890	0.000%	$8K	$24K	10x	as long as short
SunX DOT-USDT	+0.0100%	8h	1.1903	+0.109%	$2K	$1.3M	20x	as long as short
HTX DOT-USDT	+0.0100%	8h	1.1905	+0.126%	$259K	$242K	75x	as long as short
Extended DOT-USD	+0.0104%	1h	1.1907	+0.139%	$17K	$304K	25x	as long as short
Phemex DOTUSDT	+0.0149%	8h	1.1900	+0.084%	$2.3M	$2.2M	50x	as long as short
Kraken Futures PF_DOTUSD	+0.0213%	1h	1.1888	−0.017%	$4.4M	$1.5M	50x	as long as short
BloFin DOT-USDT	+0.0220%	8h	1.1919	+0.244%	$2.2M	$900K	75x	as long as short
GMX DOT/USD [WBTC.b-USDC]	L +0.0302% / S −0.1012%	1h	1.1903	+0.113%	$22K	—	100x	as long as short