Funding arb · Price arb /

DOT

all DOT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0205%/8h= −22.5% APRpaid last 24h −0.042%

Price spread now: HTX against GMX+0.083%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 HTX

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. HTX is 0.083% dearer against GMX than usual: you sell high and buy low (spread +0.083% now, against zero (this spread has no 7-day history yet)): +$8 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 32 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX DOT/USD [WBTC.b-USDC]	1.2171	L +0.0305% / S −0.1025%	pay 0.0038% / 1h	54m 08s	$23K	—	100x
Short	HTX DOT-USDT	1.2181	0.0100	get 0.0100% / 8h	54m 08s	$251K	$220K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.083%Rate

Funding earned: −$43.11
Price spread: +0.083% → 0.000%: $8.31
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee HTX: 6 bp × 2 orders: −$12
Net: −$58.81
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; HTX: live order book, 22 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 HTX live order book, 22 min ago	15.77 bp	24.2 bp −$24	389.5 bp −$3,895	doesn't fit	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
Reya DOTRUSDPERP	−0.0166%	1h	1.2164	−0.055%	$263	—	—	as long as short
Coinbase International DOT-PERP-INTX	−0.0056%	1h	1.2160	−0.089%	$209K	$1.9M	50x	as long as short
OKX DOT-USDT-SWAP	−0.0005%	8h	1.2184	+0.108%	$9.6M	$24.2M	50x	as long as short
dYdX DOT-USD	0.0000%	1h	1.2134	−0.300%	$146K	$6K	10x	as long as short
Deribit DOT_USDC-PERPETUAL	0.0000%	1h	1.2196	+0.206%	$223K	$117K	50x	as long as short
gTrade (Gains Network) DOT/USD	L 0.0000% / S +0.0004%	1h	1.2173	+0.016%	$5K	—	150x	as long as short
Kraken Futures PF_DOTUSD	+0.0031%	1h	1.2187	+0.134%	$4.5M	$1.4M	50x	as long as short
Injective DOT/USDC PERP	+0.0033%	1h	1.2020	−1.240%	$328	$121K	12x	as long as short
KuCoin DOTUSDTM	+0.0048%	8h	1.2177	+0.050%	$6.8M	$8.8M	75x	as long as short
Lighter DOT	+0.0096%	1h	1.2169	−0.012%	$248K	$601K	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	1.2181	+0.083%	$5.4M	$3.4M	10x	as long as short
Aster DOTUSDT	+0.0100%	8h	1.2180	+0.075%	$887K	$689K	50x	as long as short
Binance DOTUSDT	+0.0100%	8h	1.2180	+0.075%	$45.0M	$81.9M	75x	as long as short
Bybit DOTUSDT	+0.0100%	8h	1.2182	+0.091%	$25.0M	$18.4M	75x	as long as short
Gate DOT_USDT	+0.0100%	8h	1.2180	+0.075%	$6.9M	$11.6M	75x	as long as short
MEXC DOT_USDT	+0.0100%	8h	1.2180	+0.075%	$30.5M	$38.6M	300x	as long as short
Bitget DOTUSDT	+0.0100%	8h	1.2180	+0.075%	$23.4M	$14.8M	75x	as long as short
BingX DOT-USDC	+0.0100%	8h	1.2183	+0.099%	—	$1.3M	—	as long as short
Backpack DOT_USDC_PERP	+0.0100%	1h	1.2182	+0.091%	$97K	$128K	10x	as long as short
Variational Omni DOT	+0.0100%	8h	1.2105	−0.542%	$550K	$61K	—	as long as short
edgeX DOTUSDC	+0.0100%	4h	1.2096	−0.618%	$35K	$331K	20x	as long as short
GRVT DOT_USDT_Perp	+0.0100%	8h	1.2098	−0.595%	$234K	$457K	10x	as long as short
Orderly PERP_DOT_USDC	+0.0100%	8h	1.2170	−0.007%	$8K	$24K	10x	as long as short
SunX DOT-USDT	+0.0100%	8h	1.2184	+0.108%	$2K	$1.3M	20x	as long as short
HTX DOT-USDTshort	+0.0100%	8h	1.2181	+0.083%	$251K	$220K	75x
Extended DOT-USD	+0.0104%	1h	1.2165	−0.048%	$15K	$235K	25x	as long as short
BloFin DOT-USDT	+0.0220%	8h	1.2117	−0.443%	$2.3M	$789K	75x	as long as short
Phemex DOTUSDT	+0.0289%	8h	1.2190	+0.157%	$2.3M	$2.1M	50x	as long as short
GMX DOT/USD [WBTC.b-USDC]long	L +0.0305% / S −0.1025%	1h	1.2171	long leg	$23K	—	100x