Funding arb · Price arb /

DOT

all DOT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0200%/8h= −22.0% APRpaid last 24h −0.045%

Price spread now: Bybit against GMX+0.051%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 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

The price spread pays, funding is against you. Bybit is 0.051% dearer against GMX than usual: you sell high and buy low (spread +0.051% now, against zero (this spread has no 7-day history yet)): +$5 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 20 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX DOT/USD [WBTC.b-USDC]	1.1864	L +0.0300% / S −0.1014%	pay 0.0038% / 1h	40m 45s	$22K	—	100x
Short	Bybit DOTUSDT	1.1870	0.0100	get 0.0100% / 8h	2h 40m	$24.4M	$17.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.051%Rate

Funding earned: −$42.1
Price spread: +0.051% → 0.000%: $5.13
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$59.97
Costs to cover: 0.230%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Bybit: 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 GMX no order-book sample	—	—	—	—	—
Sell Bybit live order book, 3 min ago	0.42 bp	10.0 bp −$10	24.2 bp −$242	73.2 bp −$7,321	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	−0.0760%	1h	1.1870	+0.051%	$217K	$118K	50x	as long as short
Reya DOTRUSDPERP	−0.0166%	1h	1.1856	−0.065%	$257	—	—	as long as short
Kraken Futures PF_DOTUSD	−0.0129%	1h	1.1866	+0.020%	$4.4M	$1.3M	50x	as long as short
Injective DOT/USDC PERP	−0.0080%	1h	1.1820	−0.370%	$323	$83K	12x	as long as short
Coinbase International DOT-PERP-INTX	−0.0064%	1h	1.1850	−0.117%	$189K	$1.8M	50x	as long as short
OKX DOT-USDT-SWAP	−0.0039%	8h	1.1874	+0.085%	$9.3M	$22.9M	50x	as long as short
dYdX DOT-USD	0.0000%	1h	1.1875	+0.092%	$143K	$6K	10x	as long as short
gTrade (Gains Network) DOT/USD	L 0.0000% / S +0.0004%	1h	1.1863	−0.009%	$3K	—	150x	as long as short
KuCoin DOTUSDTM	+0.0039%	8h	1.1874	+0.085%	$6.7M	$8.6M	75x	as long as short
Backpack DOT_USDC_PERP	+0.0066%	1h	1.1864	+0.001%	$95K	$120K	10x	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	+0.0092%	8h	1.1871	+0.060%	$32.1M	$34.1M	300x	as long as short
Binance DOTUSDT	+0.0092%	8h	1.1867	+0.027%	$43.9M	$79.7M	75x	as long as short
Lighter DOT	+0.0096%	1h	1.1871	+0.061%	$260K	$563K	10x	as long as short
Extended DOT-USD	+0.0096%	1h	1.1863	−0.010%	$15K	$240K	25x	as long as short
Hyperliquid DOT	+0.0100%	1h	1.1876	+0.102%	$5.3M	$3.1M	10x	as long as short
Aster DOTUSDT	+0.0100%	8h	1.1855	−0.075%	$888K	$647K	50x	as long as short
Bybit DOTUSDTshort	+0.0100%	8h	1.1870	+0.051%	$24.4M	$17.6M	75x
Gate DOT_USDT	+0.0100%	8h	1.1870	+0.051%	$6.8M	$11.2M	75x	as long as short
Bitget DOTUSDT	+0.0100%	8h	1.1879	+0.127%	$22.8M	$13.4M	75x	as long as short
BingX DOT-USDC	+0.0100%	8h	1.1875	+0.093%	—	$1.3M	—	as long as short
Variational Omni DOT	+0.0100%	8h	1.1795	−0.585%	$537K	$91K	—	as long as short
edgeX DOTUSDC	+0.0100%	4h	1.1806	−0.486%	$34K	$333K	20x	as long as short
GRVT DOT_USDT_Perp	+0.0100%	8h	1.1806	−0.488%	$229K	$469K	10x	as long as short
Orderly PERP_DOT_USDC	+0.0100%	8h	1.1850	−0.117%	$8K	$27K	10x	as long as short
SunX DOT-USDT	+0.0100%	8h	1.1877	+0.110%	$2K	$1.2M	20x	as long as short
HTX DOT-USDT	+0.0100%	8h	1.1820	−0.370%	$245K	$206K	75x	as long as short
BloFin DOT-USDT	+0.0212%	8h	1.1862	−0.016%	$2.3M	$755K	75x	as long as short
GMX DOT/USD [WBTC.b-USDC]long	L +0.0300% / S −0.1014%	1h	1.1864	long leg	$22K	—	100x
Phemex DOTUSDT	+0.0393%	8h	1.1870	+0.051%	$2.2M	$2.1M	50x	as long as short