Funding arb · Price arb /

DOT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0708%/8h= −77.5% APRpaid last 24h −0.075%

Price spread now: Coinbase International against MEXC−0.059%7-day average +0.019% · you buy dearer than you sell

Net, funding: paid 7d − costs−$60as in the Funding arb table

Net, price: spread back to 7d avg − costs−$47as in the Price arb table

costs, in and out, $10k−$390.395% of the position

Long on MEXC Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.201%−$20 on $10k

Price spread, last 4 days (all we have)−0.007%−$1 · spread now −0.059%, 7d avg +0.019%

Together, before fees−0.208%−$21 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$21 a day on $10k at the current rate, and Coinbase International is 0.078% cheaper against MEXC than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of +0.019%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.201% in total (about -10.5% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC DOT_USDT	1.1867	0.0100	pay 0.0100% / 8h	4h 03m	$30.2M	$53.6M	300x
Short	Coinbase International DOT-PERP-INTX	1.1860	−0.0608	pay 0.0076% / 1h	3m 39s	$195K	$1.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against MEXC. 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 MEXCbpFee Coinbase InternationalbpOrdersPrice spread, now −0.059%Rate

Funding earned: −$148.68
Price spread: −0.059% → +0.019%: −$7.75
Slippage, 4 orders: −$29.46
Fee MEXC: 0 bp × 2 orders: $0
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$195.89
Costs to cover: 0.395%
Break-even: never at this rate

Slippage from MEXC: live order book, 5 min ago; Coinbase International: live order book, 5 min ago.

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 MEXC live order book, 5 min ago	1.26 bp	2.9 bp −$3	5.4 bp −$54	39.4 bp −$3,939	75.1 bp −$37.6K
Sell Coinbase International live order book, 5 min ago	4.22 bp	17.5 bp −$18	17.6 bp −$176	doesn't fit	doesn't fit

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	−0.1685%	1h	1.1863	−0.034%	$225K	$121K	50x	as long as short
Coinbase International DOT-PERP-INTXshort	−0.0608%	1h	1.1860	−0.059%	$195K	$1.9M	50x
Reya DOTRUSDPERP	−0.0166%	1h	1.1846	−0.178%	$256	—	—	as long as short
dYdX DOT-USD	0.0000%	1h	1.1864	−0.027%	$143K	$6K	10x	as long as short
gTrade (Gains Network) DOT/USD	L 0.0000% / S +0.0004%	1h	1.1849	−0.152%	$3K	—	150x	as long as short
Injective DOT/USDC PERP	+0.0033%	1h	1.2020	+1.289%	$328	$121K	12x	as long as short
Lighter DOT	+0.0096%	1h	1.1872	+0.040%	$268K	$636K	10x	as long as short
Hyperliquid DOT	+0.0100%	1h	1.1864	−0.025%	$5.3M	$3.3M	10x	as long as short
Aster DOTUSDT	+0.0100%	8h	1.1860	−0.059%	$845K	$597K	50x	as long as short
Binance DOTUSDT	+0.0100%	8h	1.1876	+0.074%	$43.7M	$85.0M	75x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit DOTUSDT	+0.0100%	8h	1.1873	+0.051%	$24.3M	$18.8M	75x	as long as short
OKX DOT-USDT-SWAP	+0.0100%	8h	1.1874	+0.059%	$9.4M	$24.3M	50x	as long as short
Gate DOT_USDT	+0.0100%	8h	1.1860	−0.059%	$6.6M	$11.9M	75x	as long as short
MEXC DOT_USDTlong	+0.0100%	8h	1.1867	long leg	$30.2M	$53.6M	300x
KuCoin DOTUSDTM	+0.0100%	8h	1.1871	+0.034%	$6.5M	$9.2M	75x	as long as short
Bitget DOTUSDT	+0.0100%	8h	1.1872	+0.042%	$22.7M	$14.7M	75x	as long as short
BingX DOT-USDT	+0.0100%	8h	1.1863	−0.034%	—	$29.6M	—	as long as short
Backpack DOT_USDC_PERP	+0.0100%	1h	1.1858	−0.076%	$92K	$130K	10x	as long as short
Variational Omni DOT	+0.0100%	8h	1.1833	−0.283%	$538K	$58K	—	as long as short
edgeX DOTUSDC	+0.0100%	4h	1.1837	−0.251%	$35K	$335K	20x	as long as short
GRVT DOT_USDT_Perp	+0.0100%	8h	1.1850	−0.143%	$236K	$407K	10x	as long as short
Orderly PERP_DOT_USDC	+0.0100%	8h	1.1860	−0.059%	$8K	$22K	10x	as long as short
SunX DOT-USDT	+0.0100%	8h	1.1870	+0.025%	$2K	$1.3M	20x	as long as short
HTX DOT-USDT	+0.0100%	8h	1.1862	−0.042%	$258K	$245K	75x	as long as short
Extended DOT-USD	+0.0104%	1h	1.1865	−0.020%	$14K	$310K	25x	as long as short
Phemex DOTUSDT	+0.0147%	8h	1.1860	−0.059%	$2.3M	$2.2M	50x	as long as short
Kraken Futures PF_DOTUSD	+0.0214%	1h	1.1865	−0.020%	$4.4M	$1.4M	50x	as long as short
BloFin DOT-USDT	+0.0220%	8h	1.1845	−0.185%	$2.2M	$899K	75x	as long as short
GMX DOT/USD [WBTC.b-USDC]	L +0.0302% / S −0.1012%	1h	1.1853	−0.118%	$22K	—	100x	as long as short