Funding arb · Price arb /

DOT

all DOT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC−0.0228%/8h= −25.0% APRpaid last 24h −0.039%

Price spread now: Bitget against GMX+0.029%7-day average — · you sell dearer than you buy

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

Long on GMX 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

The price spread pays, funding is against you. Bitget is 0.029% dearer against GMX than usual: you sell high and buy low (spread +0.029% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 10 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX DOT/USD [WBTC.b-USDC]	1.1937	L +0.0300% / S −0.1014%	pay 0.0038% / 1h	29m 45s	$22K	—	100x
Short	Bitget DOTUSDT	1.1940	0.0072	get 0.0072% / 8h	3h 29m	$23.0M	$13.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against GMX. 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 GMXbpFee BitgetbpOrdersPrice spread, now +0.029%Rate

Funding earned: −$47.96
Price spread: +0.029% → 0.000%: $2.89
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$69.07
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Bitget: live order book, 5 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 GMX no order-book sample	—	—	—	—	—
Sell Bitget live order book, 5 min ago	4.21 bp	10.2 bp −$10	20.2 bp −$202	71.2 bp −$7,118	doesn't fit

GMX: 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	−0.0168%	1h	1.1944	+0.062%	$218K	$118K	50x	as long as short
Reya DOTRUSDPERP	−0.0166%	1h	1.1935	−0.009%	$258	—	—	as long as short
Injective DOT/USDC PERP	−0.0117%	1h	1.1880	−0.474%	$325	$62K	12x	as long as short
Kraken Futures PF_DOTUSD	−0.0088%	1h	1.1942	+0.046%	$4.5M	$1.4M	50x	as long as short
OKX DOT-USDT-SWAP	−0.0038%	8h	1.1918	−0.155%	$9.3M	$23.0M	50x	as long as short
dYdX DOT-USD	0.0000%	1h	1.1937	+0.004%	$144K	$6K	10x	as long as short
gTrade (Gains Network) DOT/USD	L 0.0000% / S +0.0004%	1h	1.1939	+0.021%	$3K	—	150x	as long as short
Coinbase International DOT-PERP-INTX	+0.0024%	1h	1.1940	+0.029%	$191K	$1.9M	50x	as long as short
Bitget DOTUSDTshort	+0.0072%	8h	1.1940	+0.029%	$23.0M	$13.5M	75x
KuCoin DOTUSDTM	+0.0094%	8h	1.1933	−0.030%	$6.8M	$8.8M	75x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter DOT	+0.0096%	1h	1.1928	−0.075%	$260K	$563K	10x	as long as short
Hyperliquid DOT	+0.0100%	1h	1.1944	+0.062%	$5.3M	$3.3M	10x	as long as short
Aster DOTUSDT	+0.0100%	8h	1.1936	−0.006%	$894K	$653K	50x	as long as short
Binance DOTUSDT	+0.0100%	8h	1.1927	−0.081%	$44.3M	$80.7M	75x	as long as short
Bybit DOTUSDT	+0.0100%	8h	1.1922	−0.122%	$24.5M	$17.9M	75x	as long as short
Gate DOT_USDT	+0.0100%	8h	1.1940	+0.029%	$7.2M	$11.3M	75x	as long as short
MEXC DOT_USDT	+0.0100%	8h	1.1933	−0.030%	$27.6M	$33.2M	300x	as long as short
BingX DOT-USDT	+0.0100%	8h	1.1935	−0.013%	—	$28.6M	—	as long as short
Backpack DOT_USDC_PERP	+0.0100%	1h	1.1935	−0.013%	$83K	$117K	10x	as long as short
Variational Omni DOT	+0.0100%	8h	1.1922	−0.119%	$542K	$91K	—	as long as short
edgeX DOTUSDC	+0.0100%	4h	1.1890	−0.394%	$35K	$332K	20x	as long as short
GRVT DOT_USDT_Perp	+0.0100%	8h	1.1890	−0.390%	$230K	$478K	10x	as long as short
Orderly PERP_DOT_USDC	+0.0100%	8h	1.1940	+0.029%	$9K	$27K	10x	as long as short
SunX DOT-USDT	+0.0100%	8h	1.1948	+0.096%	$2K	$1.2M	20x	as long as short
HTX DOT-USDT	+0.0100%	8h	1.1950	+0.113%	$249K	$195K	75x	as long as short
Extended DOT-USD	+0.0104%	1h	1.1933	−0.031%	$15K	$240K	25x	as long as short
BloFin DOT-USDT	+0.0220%	8h	1.1928	−0.072%	$2.3M	$777K	75x	as long as short
GMX DOT/USD [WBTC.b-USDC]long	L +0.0300% / S −0.1014%	1h	1.1937	long leg	$22K	—	100x
Phemex DOTUSDT	+0.0479%	8h	1.1940	+0.029%	$2.2M	$2.1M	50x	as long as short