Funding arb · Price arb /

DOT

all DOT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0912%/8h= +99.8% APRpaid last 24h +0.321%

Price spread now: GMX against GRVT−0.270%7-day average — · you buy dearer than you sell

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

Long on GRVT Short on GMX

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—+ Points / potential airdropGRVT: Active · farm boardneeds both histories

Funding pays, the price is against you. GMX is 0.270% cheaper against GRVT than usual: you would sell low and buy high (spread −0.270% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$27 on $10k: about 24 hours of funding at the current rate (+$27 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT DOT_USDT_Perp	1.2062	0.0100	pay 0.0100% / 8h	6h 08m	$231K	$421K	10x
Short	GMX DOT/USD [WBTC.b-USDC]	1.2030	L +0.0304% / S −0.1012%	get 0.0126% / 1h	8m 48s	$22K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against GRVT. 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 GRVTbpFee GMXbpOrdersPrice spread, now −0.270%Rate

Funding earned: $191.42
Price spread: −0.270% → 0.000%: −$26.97
Slippage, 4 orders: no order book: not counted
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee GMX: 6 bp × 2 orders: −$12
Net: $143.45
Costs to cover: 0.210%
Break-even: 1.8 days

Slippage unknown: GRVT: live order book, 59 min ago; GMX: no order-book sample. 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 GRVT live order book, 59 min ago	4.12 bp	51.0 bp −$51	83.7 bp −$837	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

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 28 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	−0.1574%	1h	1.2037	−0.210%	$220K	$116K	50x	as long as short
Reya DOTRUSDPERP	−0.0166%	1h	1.2024	−0.314%	$260	—	—	as long as short
Coinbase International DOT-PERP-INTX	−0.0024%	1h	1.2030	−0.268%	$198K	$1.9M	50x	as long as short
dYdX DOT-USD	0.0000%	1h	1.2036	−0.222%	$145K	$6K	10x	as long as short
gTrade (Gains Network) DOT/USD	L 0.0000% / S +0.0004%	1h	1.2028	−0.285%	$3K	—	150x	as long as short
Injective DOT/USDC PERP	+0.0033%	1h	1.2020	−0.351%	$328	$121K	12x	as long as short
OKX DOT-USDT-SWAP	+0.0063%	8h	1.2042	−0.169%	$9.4M	$24.4M	50x	as long as short
KuCoin DOTUSDTM	+0.0094%	8h	1.2036	−0.218%	$6.5M	$9.2M	75x	as long as short
Lighter DOT	+0.0096%	1h	1.2041	−0.179%	$272K	$630K	10x	as long as short
Hyperliquid DOT	+0.0100%	1h	1.2039	−0.194%	$5.4M	$3.4M	10x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster DOTUSDT	+0.0100%	8h	1.2042	−0.168%	$871K	$705K	50x	as long as short
Binance DOTUSDT	+0.0100%	8h	1.2034	−0.235%	$44.5M	$85.3M	75x	as long as short
Bybit DOTUSDT	+0.0100%	8h	1.2034	−0.235%	$24.7M	$19.1M	75x	as long as short
Gate DOT_USDT	+0.0100%	8h	1.2030	−0.268%	$6.8M	$11.8M	75x	as long as short
MEXC DOT_USDT	+0.0100%	8h	1.2034	−0.235%	$26.3M	$47.5M	300x	as long as short
Bitget DOTUSDT	+0.0100%	8h	1.2037	−0.210%	$23.0M	$14.8M	75x	as long as short
BingX DOT-USDT	+0.0100%	8h	1.2033	−0.243%	—	$29.8M	—	as long as short
Backpack DOT_USDC_PERP	+0.0100%	1h	1.2022	−0.334%	$96K	$127K	10x	as long as short
Variational Omni DOT	+0.0100%	8h	1.2060	−0.016%	$549K	$58K	—	as long as short
edgeX DOTUSDC	+0.0100%	4h	1.2062	−0.002%	$35K	$333K	20x	as long as short
GRVT DOT_USDT_Perplong	+0.0100%	8h	1.2062	long leg	$231K	$421K	10x
Orderly PERP_DOT_USDC	+0.0100%	8h	1.2030	−0.268%	$8K	$23K	10x	as long as short
SunX DOT-USDT	+0.0100%	8h	1.2055	−0.061%	$2K	$1.3M	20x	as long as short
HTX DOT-USDT	+0.0100%	8h	1.2071	+0.072%	$251K	$224K	75x	as long as short
Extended DOT-USD	+0.0104%	1h	1.2039	−0.193%	$14K	$303K	25x	as long as short
Kraken Futures PF_DOTUSD	+0.0195%	1h	1.2037	−0.214%	$4.5M	$1.5M	50x	as long as short
GMX DOT/USD [WBTC.b-USDC]short	L +0.0304% / S −0.1012%	1h	1.2030	−0.270%	$22K	—	100x
Phemex DOTUSDT	+0.0406%	8h	1.2040	−0.185%	$2.3M	$2.2M	50x	as long as short