Funding arb · Price arb /

DOT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0197%/8h= −21.5% APRpaid last 24h −0.042%

Price spread now: Gate against GMX+0.244%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 Gate

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. Gate is 0.244% dearer against GMX than usual: you sell high and buy low (spread +0.244% now, against zero (this spread has no 7-day history yet)): +$24 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 4.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX DOT/USD [WBTC.b-USDC]	1.1921	L +0.0297% / S −0.0774%	pay 0.0037% / 1h	56m 40s	$22K	—	100x
Short	Gate DOT_USDT	1.1950	0.0100	get 0.0100% / 8h	1h 56m	$6.8M	$11.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.244%Rate

Funding earned: −$41.32
Price spread: +0.244% → 0.000%: $24.35
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$43.97
Costs to cover: 0.270%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Gate: live order book, 2 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 Gate live order book, 2 min ago	4.21 bp	19.3 bp −$19	34.2 bp −$342	69.7 bp −$6,973	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	−0.0838%	1h	1.1934	+0.109%	$218K	$117K	50x	as long as short
Reya DOTRUSDPERP	−0.0166%	1h	1.1911	−0.082%	$258	—	—	as long as short
Coinbase International DOT-PERP-INTX	−0.0128%	1h	1.1900	−0.176%	$183K	$1.8M	50x	as long as short
Kraken Futures PF_DOTUSD	−0.0054%	1h	1.1937	+0.133%	$4.5M	$1.3M	50x	as long as short
Injective DOT/USDC PERP	−0.0040%	1h	1.2020	+0.831%	$328	$121K	12x	as long as short
OKX DOT-USDT-SWAP	−0.0024%	8h	1.1956	+0.294%	$9.4M	$23.4M	50x	as long as short
dYdX DOT-USD	0.0000%	1h	1.1963	+0.352%	$144K	$6K	10x	as long as short
gTrade (Gains Network) DOT/USD	L 0.0000% / S +0.0004%	1h	1.1926	+0.044%	$5K	—	150x	as long as short
KuCoin DOTUSDTM	+0.0017%	8h	1.1960	+0.327%	$6.8M	$8.7M	75x	as long as short
Extended DOT-USD	+0.0048%	1h	1.1938	+0.145%	$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	1.1959	+0.319%	$35.9M	$35.6M	300x	as long as short
Binance DOTUSDT	+0.0050%	8h	1.1956	+0.294%	$44.0M	$80.6M	75x	as long as short
Lighter DOT	+0.0096%	1h	1.1961	+0.337%	$251K	$593K	10x	as long as short
Hyperliquid DOT	+0.0100%	1h	1.1965	+0.369%	$5.3M	$3.2M	10x	as long as short
Aster DOTUSDT	+0.0100%	8h	1.1939	+0.153%	$887K	$649K	50x	as long as short
Bybit DOTUSDT	+0.0100%	8h	1.1953	+0.269%	$24.4M	$17.9M	75x	as long as short
Gate DOT_USDTshort	+0.0100%	8h	1.1950	+0.244%	$6.8M	$11.3M	75x
Bitget DOTUSDT	+0.0100%	8h	1.1944	+0.193%	$22.8M	$14.0M	75x	as long as short
BingX DOT-USDT	+0.0100%	8h	1.1950	+0.244%	—	$28.5M	—	as long as short
Backpack DOT_USDC_PERP	+0.0100%	1h	1.1937	+0.134%	$99K	$127K	10x	as long as short
Variational Omni DOT	+0.0100%	8h	1.1901	−0.167%	$541K	$92K	—	as long as short
edgeX DOTUSDC	+0.0100%	4h	1.1893	−0.232%	$35K	$331K	20x	as long as short
GRVT DOT_USDT_Perp	+0.0100%	8h	1.1897	−0.201%	$230K	$469K	10x	as long as short
Orderly PERP_DOT_USDC	+0.0100%	8h	1.1920	−0.008%	$8K	$25K	10x	as long as short
SunX DOT-USDT	+0.0100%	8h	1.1927	+0.051%	$2K	$1.2M	20x	as long as short
HTX DOT-USDT	+0.0100%	8h	1.1892	−0.243%	$245K	$219K	75x	as long as short
BloFin DOT-USDT	+0.0170%	8h	1.1929	+0.067%	$2.3M	$762K	75x	as long as short
GMX DOT/USD [WBTC.b-USDC]long	L +0.0297% / S −0.0774%	1h	1.1921	long leg	$22K	—	100x
Phemex DOTUSDT	+0.0359%	8h	1.1930	+0.076%	$2.2M	$2.1M	50x	as long as short