Funding arb · Price arb /

DOT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.3428%/8h= −375.4% APRpaid last 24h −0.202%

Price spread now: Deribit against MEXC+0.171%7-day average +0.058% · you sell dearer than you buy

Net, funding: paid 7d − costs−$118as in the Funding arb table

Net, price: spread back to 7d avg − costs−$19as in the Price arb table

costs, in and out, $10k−$310.305% of the position

Long on MEXC Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.874%−$87 on $10k

Price spread, last 4 days (all we have)−0.176%−$18 · spread now +0.171%, 7d avg +0.058%

Together, before fees−1.049%−$105 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Deribit is 0.114% dearer against MEXC than usual: you sell high and buy low (spread +0.171% now, against its 7-day average of +0.058%): +$11 on $10k if it goes back. Holding the pair costs −$103 a day in funding at the current rate, which eats that in about 3 hours. At the pace of the last 7 days (−0.874% in total) that is about 22 hours.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.874% in total (about -45.6% 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	1.1678	0.0100	pay 0.0100% / 8h	2h 39m	$27.5M	$57.2M	300x
Short	Deribit DOT_USDC-PERPETUAL	1.1698	−0.3328	pay 0.0416% / 1h	39m 41s	$233K	$133K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now +0.171%Rate

Funding earned: −$719.88
Price spread: +0.171% → +0.058%: $11.36
Slippage, 4 orders: −$23.52
Fee MEXC: 0 bp × 2 orders: $0
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$739.03
Costs to cover: 0.305%
Break-even: never at this rate

Slippage from MEXC: live order book, 4 min ago; Deribit: live order book, 9 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, 4 min ago	1.28 bp	2.0 bp −$2	8.9 bp −$89	44.8 bp −$4,481	78.3 bp −$39.1K
Sell Deribit live order book, 9 min ago	6.79 bp	13.7 bp −$14	27.2 bp −$272	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-PERPETUALshort	−0.3328%	1h	1.1698	+0.171%	$233K	$133K	50x
Coinbase International DOT-PERP-INTX	−0.0864%	1h	1.1690	+0.103%	$172K	$1.9M	50x	as long as short
Reya DOTRUSDPERP	−0.0166%	1h	1.1678	0.000%	$253	—	—	as long as short
dYdX DOT-USD	0.0000%	1h	1.1674	−0.032%	$141K	$6K	10x	as long as short
gTrade (Gains Network) DOT/USD	L 0.0000% / S +0.0004%	1h	1.1689	+0.098%	$3K	—	150x	as long as short
Injective DOT/USDC PERP	+0.0033%	1h	1.2020	+2.929%	$328	$121K	12x	as long as short
Kraken Futures PF_DOTUSD	+0.0092%	1h	1.1697	+0.165%	$4.4M	$1.4M	50x	as long as short
Lighter DOT	+0.0096%	1h	1.1676	−0.017%	$249K	$662K	10x	as long as short
Hyperliquid DOT	+0.0100%	1h	1.1674	−0.034%	$5.2M	$3.4M	10x	as long as short
Aster DOTUSDT	+0.0100%	8h	1.1682	+0.036%	$833K	$597K	50x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance DOTUSDT	+0.0100%	8h	1.1677	−0.004%	$42.7M	$85.9M	75x	as long as short
Bybit DOTUSDT	+0.0100%	8h	1.1672	−0.051%	$23.6M	$19.5M	75x	as long as short
OKX DOT-USDT-SWAP	+0.0100%	8h	1.1674	−0.034%	$9.1M	$24.5M	50x	as long as short
Gate DOT_USDT	+0.0100%	8h	1.1680	+0.017%	$6.5M	$12.1M	75x	as long as short
MEXC DOT_USDTlong	+0.0100%	8h	1.1678	long leg	$27.5M	$57.2M	300x
KuCoin DOTUSDTM	+0.0100%	8h	1.1675	−0.026%	$6.2M	$9.2M	75x	as long as short
Bitget DOTUSDT	+0.0100%	8h	1.1672	−0.051%	$22.3M	$14.7M	75x	as long as short
BingX DOT-USDT	+0.0100%	8h	1.1675	−0.026%	—	$29.8M	—	as long as short
Backpack DOT_USDC_PERP	+0.0100%	1h	1.1682	+0.034%	$90K	$130K	10x	as long as short
Variational Omni DOT	+0.0100%	8h	1.1725	+0.400%	$534K	$52K	—	as long as short
edgeX DOTUSDC	+0.0100%	4h	1.1749	+0.605%	$34K	$334K	20x	as long as short
GRVT DOT_USDT_Perp	+0.0100%	8h	1.1759	+0.692%	$233K	$432K	10x	as long as short
Orderly PERP_DOT_USDC	+0.0100%	8h	1.1680	+0.017%	$8K	$19K	10x	as long as short
SunX DOT-USDT	+0.0100%	8h	1.1703	+0.214%	$2K	$1.3M	20x	as long as short
HTX DOT-USDT	+0.0100%	8h	1.1696	+0.154%	$260K	$266K	75x	as long as short
Phemex DOTUSDT	+0.0100%	8h	1.1690	+0.103%	$2.3M	$2.2M	50x	as long as short
Extended DOT-USD	+0.0104%	1h	1.1672	−0.053%	$15K	$245K	25x	as long as short
BloFin DOT-USDT	+0.0220%	8h	1.1729	+0.437%	$2.2M	$884K	75x	as long as short
GMX DOT/USD [WBTC.b-USDC]	L +0.0300% / S −0.1012%	1h	1.1684	+0.052%	$22K	—	100x	as long as short