Funding arb · Price arb /

DOT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0153%/8h= +16.8% APRpaid last 24h +0.033%

Price spread now: Orderly against Kraken Futures−0.106%7-day average — · you buy dearer than you sell

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

Long on Kraken Futures Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 5 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

Funding pays, the price is against you. Orderly is 0.106% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.106% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$11 on $10k: about 2.3 days of funding at the current rate (+$5 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_DOTUSD	1.2033	−0.0053	get 0.0007% / 1h	42m 15s	$4.5M	$1.3M	50x
Short	Orderly PERP_DOT_USDC	1.2020	0.0100	get 0.0100% / 8h	1h 42m	$8K	$24K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against Kraken Futures. 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 Kraken FuturesbpFee OrderlybpOrdersPrice spread, now −0.106%Rate

Funding earned: $32.19
Price spread: −0.106% → 0.000%: −$10.6
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Orderly: 3 bp × 2 orders: −$6
Net: $5.59
Costs to cover: 0.160%
Break-even: 5.8 days

Slippage unknown: Kraken Futures: live order book, 2 min ago; Orderly: 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 Kraken Futures live order book, 2 min ago	2.91 bp	17.4 bp −$17	27.1 bp −$271	109.3 bp −$10.9K	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: 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	1.2018	−0.122%	$260	—	—	as long as short
Coinbase International DOT-PERP-INTX	−0.0128%	1h	1.2010	−0.189%	$185K	$1.8M	50x	as long as short
Kraken Futures PF_DOTUSDlong	−0.0053%	1h	1.2033	long leg	$4.5M	$1.3M	50x
Injective DOT/USDC PERP	−0.0040%	1h	1.2020	−0.106%	$328	$121K	12x	as long as short
OKX DOT-USDT-SWAP	−0.0029%	8h	1.2025	−0.064%	$9.5M	$23.6M	50x	as long as short
dYdX DOT-USD	0.0000%	1h	1.2003	−0.251%	$145K	$6K	10x	as long as short
Deribit DOT_USDC-PERPETUAL	0.0000%	1h	1.2033	+0.002%	$220K	$117K	50x	as long as short
gTrade (Gains Network) DOT/USD	L 0.0000% / S +0.0004%	1h	1.2027	−0.048%	$5K	—	150x	as long as short
KuCoin DOTUSDTM	+0.0022%	8h	1.2024	−0.073%	$6.8M	$8.6M	75x	as long as short
MEXC DOT_USDT	+0.0071%	8h	1.2024	−0.073%	$26.3M	$36.3M	300x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance DOTUSDT	+0.0071%	8h	1.2023	−0.081%	$44.2M	$80.7M	75x	as long as short
Extended DOT-USD	+0.0072%	1h	1.2019	−0.115%	$15K	$235K	25x	as long as short
Lighter DOT	+0.0096%	1h	1.2029	−0.032%	$252K	$593K	10x	as long as short
Hyperliquid DOT	+0.0100%	1h	1.2038	+0.044%	$5.3M	$3.2M	10x	as long as short
Aster DOTUSDT	+0.0100%	8h	1.2020	−0.107%	$893K	$649K	50x	as long as short
Bybit DOTUSDT	+0.0100%	8h	1.2023	−0.081%	$24.6M	$17.9M	75x	as long as short
Gate DOT_USDT	+0.0100%	8h	1.2020	−0.106%	$6.8M	$11.4M	75x	as long as short
Bitget DOTUSDT	+0.0100%	8h	1.2017	−0.131%	$23.1M	$14.1M	75x	as long as short
BingX DOT-USDT	+0.0100%	8h	1.2023	−0.081%	—	$28.5M	—	as long as short
Backpack DOT_USDC_PERP	+0.0100%	1h	1.2028	−0.040%	$99K	$127K	10x	as long as short
Variational Omni DOT	+0.0100%	8h	1.1926	−0.888%	$543K	$63K	—	as long as short
edgeX DOTUSDC	+0.0100%	4h	1.1973	−0.499%	$35K	$334K	20x	as long as short
GRVT DOT_USDT_Perp	+0.0100%	8h	1.1980	−0.438%	$232K	$456K	10x	as long as short
Orderly PERP_DOT_USDCshort	+0.0100%	8h	1.2020	−0.106%	$8K	$24K	10x
SunX DOT-USDT	+0.0100%	8h	1.2041	+0.068%	$2K	$1.2M	20x	as long as short
HTX DOT-USDT	+0.0100%	8h	1.1980	−0.438%	$247K	$219K	75x	as long as short
BloFin DOT-USDT	+0.0191%	8h	1.1988	−0.372%	$2.2M	$761K	75x	as long as short
GMX DOT/USD [WBTC.b-USDC]	L +0.0303% / S −0.1025%	1h	1.2029	−0.034%	$23K	—	100x	as long as short
Phemex DOTUSDT	+0.0312%	8h	1.2030	−0.023%	$2.2M	$2.1M	50x	as long as short