Funding arb · Price arb /

DOT

all DOT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.025%

Price spread now: Bybit against gTrade (Gains Network)−0.035%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 Bybit

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. Bybit is 0.035% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.035% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 28 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	1.1987	L 0.0000% / S +0.0004%	pay 0.0000% / 1h	55m 05s	$5K	—	150x
Short	Bybit DOTUSDT	1.1983	0.0100	get 0.0100% / 8h	1h 55m	$24.5M	$17.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.035%Rate

Funding earned: $20.9
Price spread: −0.035% → 0.000%: −$3.5
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$3.6
Costs to cover: 0.210%
Break-even: 8.2 days

Slippage unknown: gTrade (Gains Network): no order-book sample; Bybit: live order book, 4 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 Bybit live order book, 4 min ago	0.42 bp	9.5 bp −$10	21.2 bp −$212	71.3 bp −$7,135	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	−0.0500%	1h	1.1997	+0.082%	$219K	$117K	50x	as long as short
Reya DOTRUSDPERP	−0.0166%	1h	1.1980	−0.063%	$259	—	—	as long as short
Coinbase International DOT-PERP-INTX	−0.0128%	1h	1.1940	−0.394%	$184K	$1.8M	50x	as long as short
Kraken Futures PF_DOTUSD	−0.0054%	1h	1.1989	+0.015%	$4.5M	$1.3M	50x	as long as short
Injective DOT/USDC PERP	−0.0040%	1h	1.2020	+0.274%	$328	$121K	12x	as long as short
OKX DOT-USDT-SWAP	−0.0024%	8h	1.1978	−0.077%	$9.4M	$23.5M	50x	as long as short
dYdX DOT-USD	0.0000%	1h	1.1969	−0.152%	$144K	$6K	10x	as long as short
gTrade (Gains Network) DOT/USDlong	L 0.0000% / S +0.0004%	1h	1.1987	long leg	$5K	—	150x
KuCoin DOTUSDTM	+0.0018%	8h	1.1986	−0.010%	$6.8M	$8.7M	75x	as long as short
Extended DOT-USD	+0.0048%	1h	1.1980	−0.059%	$15K	$235K	25x	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	+0.0050%	8h	1.1982	−0.043%	$36.1M	$35.7M	300x	as long as short
Binance DOTUSDT	+0.0052%	8h	1.1981	−0.052%	$44.1M	$80.7M	75x	as long as short
Lighter DOT	+0.0096%	1h	1.1986	−0.014%	$251K	$593K	10x	as long as short
Hyperliquid DOT	+0.0100%	1h	1.1992	+0.040%	$5.3M	$3.2M	10x	as long as short
Aster DOTUSDT	+0.0100%	8h	1.1971	−0.133%	$889K	$649K	50x	as long as short
Bybit DOTUSDTshort	+0.0100%	8h	1.1983	−0.035%	$24.5M	$17.9M	75x
Gate DOT_USDT	+0.0100%	8h	1.1980	−0.060%	$6.8M	$11.3M	75x	as long as short
Bitget DOTUSDT	+0.0100%	8h	1.1990	+0.023%	$22.9M	$14.0M	75x	as long as short
BingX DOT-USDC	+0.0100%	8h	1.1984	−0.027%	—	$1.3M	—	as long as short
Backpack DOT_USDC_PERP	+0.0100%	1h	1.1988	+0.007%	$99K	$127K	10x	as long as short
Variational Omni DOT	+0.0100%	8h	1.1951	−0.298%	$543K	$69K	—	as long as short
edgeX DOTUSDC	+0.0100%	4h	1.1893	−0.783%	$35K	$331K	20x	as long as short
GRVT DOT_USDT_Perp	+0.0100%	8h	1.1911	−0.635%	$231K	$469K	10x	as long as short
Orderly PERP_DOT_USDC	+0.0100%	8h	1.1980	−0.060%	$8K	$25K	10x	as long as short
SunX DOT-USDT	+0.0100%	8h	1.2003	+0.132%	$1K	$1.2M	20x	as long as short
HTX DOT-USDT	+0.0100%	8h	1.1963	−0.202%	$247K	$219K	75x	as long as short
BloFin DOT-USDT	+0.0172%	8h	1.1980	−0.060%	$2.2M	$766K	75x	as long as short
GMX DOT/USD [WBTC.b-USDC]	L +0.0297% / S −0.0774%	1h	1.1990	+0.020%	$23K	—	100x	as long as short
Phemex DOTUSDT	+0.0349%	8h	1.2000	+0.107%	$2.2M	$2.1M	50x	as long as short