Funding arb · Price arb /

DOT

all DOT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0299%/8h= +32.7% APRpaid last 24h +0.116%

Price spread now: Phemex against edgeX−0.090%78s7-day average +0.215% · you buy dearer than you sell

Net, funding: paid 7d − costs+$7as 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−$590.590% of the position

Long on edgeX Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days+0.658%+$66 on $10k

Price spread, last 3 days (all we have)−0.078%−$8 · spread now −0.090%, 7d avg +0.215%

Together, before fees+0.580%+ Points / potential airdropedgeX: Active · farm board+$58 on $10k · with fees, hour by hour

Funding pays, the price is against you. Phemex is 0.305% cheaper against edgeX than usual: you would sell low and buy high (spread −0.090% now, against its 7-day average of +0.215%). If the spread goes back, that is −$31 on $10k: about 3.4 days of funding at the current rate (+$9 a day). The two prices were read 78 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX DOTUSDC	1.1851	0.0100	pay 0.0050% / 4h	2h 51m	$35K	$331K	20x
Short	Phemex DOTUSDT	1.1840	0.0399	get 0.0399% / 8h	2h 51m	$2.2M	$2.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against edgeX. 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 edgeXbpFee PhemexbpOrdersPrice spread, now −0.090%Rate

Funding earned: $62.76
Price spread: −0.090% → +0.215%: −$30.53
Slippage, 4 orders: −$38.01
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$26.78
Costs to cover: 0.590%
Break-even: 10.0 days

Slippage from edgeX: live order book, 36 min ago; Phemex: 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 edgeX live order book, 36 min ago	5.89 bp	10.8 bp −$11	13.9 bp −$139	doesn't fit	doesn't fit
Sell Phemex live order book, 2 min ago	8.43 bp	17.2 bp −$17	49.3 bp −$493	98.6 bp −$9,859	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	−0.1099%	1h	1.1842	−0.073%	$216K	$118K	50x	as long as short
Reya DOTRUSDPERP	−0.0166%	1h	1.1826	−0.208%	$256	—	—	as long as short
Kraken Futures PF_DOTUSD	−0.0129%	1h	1.1837	−0.112%	$4.4M	$1.3M	50x	as long as short
Injective DOT/USDC PERP	−0.0080%	1h	1.1820	−0.259%	$323	$83K	12x	as long as short
Coinbase International DOT-PERP-INTX	−0.0064%	1h	1.1840	−0.090%	$190K	$1.8M	50x	as long as short
OKX DOT-USDT-SWAP	−0.0045%	8h	1.1794	−0.478%	$9.3M	$22.9M	50x	as long as short
dYdX DOT-USD	0.0000%	1h	1.1810	−0.343%	$142K	$6K	10x	as long as short
gTrade (Gains Network) DOT/USD	L 0.0000% / S +0.0004%	1h	1.1840	−0.090%	$3K	—	150x	as long as short
KuCoin DOTUSDTM	+0.0046%	8h	1.1805	−0.385%	$6.7M	$8.7M	75x	as long as short
Backpack DOT_USDC_PERP	+0.0066%	1h	1.1823	−0.233%	$94K	$121K	10x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance DOTUSDT	+0.0095%	8h	1.1806	−0.378%	$43.7M	$80.2M	75x	as long as short
Lighter DOT	+0.0096%	1h	1.1809	−0.351%	$258K	$563K	10x	as long as short
Extended DOT-USD	+0.0096%	1h	1.1801	−0.419%	$15K	$240K	25x	as long as short
MEXC DOT_USDT	+0.0098%	8h	1.1802	−0.410%	$31.1M	$33.7M	300x	as long as short
Hyperliquid DOT	+0.0100%	1h	1.1817	−0.284%	$5.2M	$3.1M	10x	as long as short
Aster DOTUSDT	+0.0100%	8h	1.1831	−0.165%	$886K	$647K	50x	as long as short
Bybit DOTUSDT	+0.0100%	8h	1.1795	−0.470%	$24.2M	$17.8M	75x	as long as short
Gate DOT_USDT	+0.0100%	8h	1.1800	−0.427%	$6.8M	$11.2M	75x	as long as short
Bitget DOTUSDT	+0.0100%	8h	1.1800	−0.427%	$22.7M	$13.5M	75x	as long as short
BingX DOT-USDT	+0.0100%	8h	1.1802	−0.410%	—	$28.5M	—	as long as short
Variational Omni DOT	+0.0100%	8h	1.1848	−0.019%	$539K	$92K	—	as long as short
edgeX DOTUSDClong	+0.0100%	4h	1.1851	long leg	$35K	$331K	20x
GRVT DOT_USDT_Perp	+0.0100%	8h	1.1859	+0.073%	$230K	$478K	10x	as long as short
Orderly PERP_DOT_USDC	+0.0100%	8h	1.1830	−0.174%	$8K	$27K	10x	as long as short
SunX DOT-USDT	+0.0100%	8h	1.1849	−0.014%	$2K	$1.2M	20x	as long as short
HTX DOT-USDT	+0.0100%	8h	1.1837	−0.115%	$245K	$207K	75x	as long as short
BloFin DOT-USDT	+0.0220%	8h	1.1839	−0.098%	$2.2M	$755K	75x	as long as short
GMX DOT/USD [WBTC.b-USDC]	L +0.0300% / S −0.1014%	1h	1.1843	−0.065%	$22K	—	100x	as long as short
Phemex DOTUSDTshort	+0.0399%	8h	1.1840	−0.090%	$2.2M	$2.1M	50x