Funding arb · Price arb /

DOT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.030%

Price spread now: Bitget against gTrade (Gains Network)−0.025%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on gTrade (Gains Network)Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Bitget is 0.025% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.025% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$2 on $10k: about 20 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) DOT/USD	1.2116	L 0.0000% / S +0.0004%	pay 0.0000% / 1h	35m 25s	$5K	—	150x
Short	Bitget DOTUSDT	1.2113	0.0100	get 0.0100% / 8h	35m 25s	$23.2M	$14.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee BitgetbpOrdersPrice spread, now −0.025%Rate

Funding earned: $20.9
Price spread: −0.025% → 0.000%: −$2.48
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$3.57
Costs to cover: 0.220%
Break-even: 8.2 days

Slippage unknown: gTrade (Gains Network): no order-book sample; Bitget: live order book, 3 min ago. Net counts fees only.

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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell Bitget live order book, 3 min ago	4.13 bp	10.1 bp −$10	20.2 bp −$202	61.6 bp −$6,162	doesn't fit

gTrade (Gains Network): no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.1068%	1h	1.2127	+0.091%	$222K	$117K	50x	as long as short
Reya DOTRUSDPERP	−0.0166%	1h	1.2109	−0.057%	$262	—	—	as long as short
Coinbase International DOT-PERP-INTX	−0.0056%	1h	1.2120	+0.033%	$208K	$1.8M	50x	as long as short
dYdX DOT-USD	0.0000%	1h	1.2114	−0.016%	$146K	$6K	10x	as long as short
gTrade (Gains Network) DOT/USDlong	L 0.0000% / S +0.0004%	1h	1.2116	long leg	$5K	—	150x
OKX DOT-USDT-SWAP	+0.0014%	8h	1.2105	−0.091%	$9.6M	$24.2M	50x	as long as short
Kraken Futures PF_DOTUSD	+0.0032%	1h	1.2126	+0.086%	$4.5M	$1.4M	50x	as long as short
Injective DOT/USDC PERP	+0.0033%	1h	1.2020	−0.792%	$328	$121K	12x	as long as short
KuCoin DOTUSDTM	+0.0050%	8h	1.2121	+0.041%	$6.7M	$8.8M	75x	as long as short
Lighter DOT	+0.0096%	1h	1.2119	+0.023%	$247K	$605K	10x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid DOT	+0.0100%	1h	1.2119	+0.025%	$5.4M	$3.4M	10x	as long as short
Aster DOTUSDT	+0.0100%	8h	1.2123	+0.056%	$883K	$690K	50x	as long as short
Binance DOTUSDT	+0.0100%	8h	1.2116	−0.002%	$44.8M	$82.6M	75x	as long as short
Bybit DOTUSDT	+0.0100%	8h	1.2107	−0.074%	$24.9M	$18.5M	75x	as long as short
Gate DOT_USDT	+0.0100%	8h	1.2120	+0.033%	$6.8M	$11.8M	75x	as long as short
MEXC DOT_USDT	+0.0100%	8h	1.2122	+0.050%	$31.6M	$39.7M	300x	as long as short
Bitget DOTUSDTshort	+0.0100%	8h	1.2113	−0.025%	$23.2M	$14.8M	75x
BingX DOT-USDC	+0.0100%	8h	1.2111	−0.041%	—	$1.3M	—	as long as short
Backpack DOT_USDC_PERP	+0.0100%	1h	1.2113	−0.025%	$97K	$130K	10x	as long as short
Variational Omni DOT	+0.0100%	8h	1.2108	−0.065%	$551K	$61K	—	as long as short
edgeX DOTUSDC	+0.0100%	4h	1.2114	−0.017%	$35K	$333K	20x	as long as short
GRVT DOT_USDT_Perp	+0.0100%	8h	1.2120	+0.033%	$235K	$457K	10x	as long as short
Orderly PERP_DOT_USDC	+0.0100%	8h	1.2110	−0.050%	$8K	$24K	10x	as long as short
SunX DOT-USDT	+0.0100%	8h	1.2135	+0.157%	$1K	$1.3M	20x	as long as short
HTX DOT-USDT	+0.0100%	8h	1.2116	0.000%	$250K	$220K	75x	as long as short
Extended DOT-USD	+0.0104%	1h	1.2118	+0.017%	$15K	$235K	25x	as long as short
BloFin DOT-USDT	+0.0220%	8h	1.2120	+0.033%	$2.3M	$789K	75x	as long as short
GMX DOT/USD [WBTC.b-USDC]	L +0.0303% / S −0.1012%	1h	1.2118	+0.017%	$23K	—	100x	as long as short
Phemex DOTUSDT	+0.0304%	8h	1.2140	+0.198%	$2.3M	$2.1M	50x	as long as short