Funding arb · Price arb /

DOT

all DOT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0986%/8h= +108.0% APRpaid last 24h +0.300%

Price spread now: GMX against KuCoin−0.170%7-day average — · you buy dearer than you sell

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

Long on KuCoin 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—needs both histories

Funding pays, the price is against you. GMX is 0.170% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.170% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$17 on $10k: about 14 hours of funding at the current rate (+$30 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin DOTUSDTM	1.1974	0.0028	pay 0.0028% / 8h	2h 31m	$6.9M	$8.7M	75x
Short	GMX DOT/USD [WBTC.b-USDC]	1.1954	L +0.0301% / S −0.1014%	get 0.0127% / 1h	31m 32s	$22K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against KuCoin. 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 KuCoinbpFee GMXbpOrdersPrice spread, now −0.170%Rate

Funding earned: $207.06
Price spread: −0.170% → 0.000%: −$17
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee GMX: 6 bp × 2 orders: −$12
Net: $166.06
Costs to cover: 0.240%
Break-even: 1.4 days

Slippage unknown: KuCoin: live order book, 2 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 KuCoin live order book, 2 min ago	2.93 bp	19.4 bp −$19	51.7 bp −$517	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 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	−0.0251%	1h	1.1961	−0.109%	$219K	$118K	50x	as long as short
Reya DOTRUSDPERP	−0.0166%	1h	1.1976	+0.015%	$259	—	—	as long as short
Kraken Futures PF_DOTUSD	−0.0128%	1h	1.1962	−0.099%	$4.5M	$1.3M	50x	as long as short
Injective DOT/USDC PERP	−0.0080%	1h	1.1820	−1.286%	$323	$83K	12x	as long as short
Coinbase International DOT-PERP-INTX	−0.0064%	1h	1.1950	−0.200%	$191K	$1.8M	50x	as long as short
OKX DOT-USDT-SWAP	−0.0036%	8h	1.1976	+0.017%	$9.4M	$23.2M	50x	as long as short
dYdX DOT-USD	0.0000%	1h	1.1975	+0.007%	$144K	$6K	10x	as long as short
gTrade (Gains Network) DOT/USD	L 0.0000% / S +0.0004%	1h	1.1957	−0.146%	$3K	—	150x	as long as short
KuCoin DOTUSDTMlong	+0.0028%	8h	1.1974	long leg	$6.9M	$8.7M	75x
Lighter DOT	+0.0096%	1h	1.1974	−0.001%	$262K	$563K	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	1.1977	+0.027%	$5.3M	$3.1M	10x	as long as short
Aster DOTUSDT	+0.0100%	8h	1.1979	+0.043%	$897K	$643K	50x	as long as short
Binance DOTUSDT	+0.0100%	8h	1.1975	+0.011%	$44.2M	$79.8M	75x	as long as short
Bybit DOTUSDT	+0.0100%	8h	1.1973	−0.008%	$24.6M	$17.6M	75x	as long as short
Gate DOT_USDT	+0.0100%	8h	1.1970	−0.033%	$6.9M	$11.2M	75x	as long as short
MEXC DOT_USDT	+0.0100%	8h	1.1973	−0.008%	$33.0M	$34.5M	300x	as long as short
Bitget DOTUSDT	+0.0100%	8h	1.1972	−0.017%	$23.1M	$13.5M	75x	as long as short
BingX DOT-USDC	+0.0100%	8h	1.1971	−0.025%	—	$1.3M	—	as long as short
Backpack DOT_USDC_PERP	+0.0100%	1h	1.1954	−0.167%	$95K	$121K	10x	as long as short
Variational Omni DOT	+0.0100%	8h	1.1906	−0.567%	$542K	$91K	—	as long as short
edgeX DOTUSDC	+0.0100%	4h	1.1933	−0.340%	$35K	$333K	20x	as long as short
GRVT DOT_USDT_Perp	+0.0100%	8h	1.1920	−0.451%	$231K	$469K	10x	as long as short
Orderly PERP_DOT_USDC	+0.0100%	8h	1.1950	−0.200%	$8K	$27K	10x	as long as short
SunX DOT-USDT	+0.0100%	8h	1.1967	−0.058%	$2K	$1.2M	20x	as long as short
HTX DOT-USDT	+0.0100%	8h	1.1938	−0.301%	$247K	$207K	75x	as long as short
Extended DOT-USD	+0.0104%	1h	1.1969	−0.040%	$15K	$240K	25x	as long as short
BloFin DOT-USDT	+0.0220%	8h	1.1938	−0.301%	$2.2M	$760K	75x	as long as short
GMX DOT/USD [WBTC.b-USDC]short	L +0.0301% / S −0.1014%	1h	1.1954	−0.170%	$22K	—	100x
Phemex DOTUSDT	+0.0353%	8h	1.1960	−0.117%	$2.2M	$2.1M	50x	as long as short