Funding arb · Price arb /

DOT

all DOT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0990%/8h= +108.4% APRpaid last 24h +0.339%

Price spread now: GMX against OKX−0.048%7-day average — · you buy dearer than you sell

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

Long on OKX 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 0.048% cheaper against OKX than usual: you would sell low and buy high (spread −0.048% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 4 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	OKX DOT-USDT-SWAP	1.2067	0.0022	pay 0.0022% / 8h	7h 17m	$9.4M	$24.2M	50x
Short	GMX DOT/USD [WBTC.b-USDC]	1.2061	L +0.0303% / S −0.1012%	get 0.0126% / 1h	17m 49s	$22K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against OKX. 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 OKXbpFee GMXbpOrdersPrice spread, now −0.048%Rate

Funding earned: $207.89
Price spread: −0.048% → 0.000%: −$4.84
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: $181.05
Costs to cover: 0.220%
Break-even: 0.9 days

Slippage unknown: OKX: live order book, 1 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 OKX live order book, 1 min ago	0.83 bp	11.3 bp −$11	27.3 bp −$273	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
Reya DOTRUSDPERP	−0.0166%	1h	1.2043	−0.198%	$261	—	—	as long as short
Coinbase International DOT-PERP-INTX	−0.0048%	1h	1.2060	−0.058%	$207K	$1.8M	50x	as long as short
dYdX DOT-USD	0.0000%	1h	1.2048	−0.157%	$145K	$6K	10x	as long as short
Deribit DOT_USDC-PERPETUAL	0.0000%	1h	1.2073	+0.050%	$221K	$116K	50x	as long as short
gTrade (Gains Network) DOT/USD	L 0.0000% / S +0.0004%	1h	1.2058	−0.075%	$5K	—	150x	as long as short
OKX DOT-USDT-SWAPlong	+0.0022%	8h	1.2067	long leg	$9.4M	$24.2M	50x
Injective DOT/USDC PERP	+0.0033%	1h	1.2020	−0.389%	$328	$121K	12x	as long as short
KuCoin DOTUSDTM	+0.0065%	8h	1.2079	+0.099%	$6.6M	$9.0M	75x	as long as short
Lighter DOT	+0.0096%	1h	1.2065	−0.014%	$244K	$602K	10x	as long as short
Hyperliquid DOT	+0.0100%	1h	1.2071	+0.033%	$5.4M	$3.4M	10x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster DOTUSDT	+0.0100%	8h	1.2074	+0.056%	$878K	$695K	50x	as long as short
Binance DOTUSDT	+0.0100%	8h	1.2072	+0.038%	$44.5M	$83.2M	75x	as long as short
Bybit DOTUSDT	+0.0100%	8h	1.2067	0.000%	$25.0M	$18.7M	75x	as long as short
Gate DOT_USDT	+0.0100%	8h	1.2070	+0.025%	$6.8M	$11.6M	75x	as long as short
MEXC DOT_USDT	+0.0100%	8h	1.2072	+0.041%	$26.8M	$43.2M	300x	as long as short
Bitget DOTUSDT	+0.0100%	8h	1.2070	+0.025%	$23.1M	$14.5M	75x	as long as short
BingX DOT-USDC	+0.0100%	8h	1.2071	+0.033%	—	$1.3M	—	as long as short
Backpack DOT_USDC_PERP	+0.0100%	1h	1.2073	+0.050%	$96K	$127K	10x	as long as short
Variational Omni DOT	+0.0100%	8h	1.2081	+0.112%	$549K	$61K	—	as long as short
edgeX DOTUSDC	+0.0100%	4h	1.2071	+0.032%	$35K	$334K	20x	as long as short
GRVT DOT_USDT_Perp	+0.0100%	8h	1.2080	+0.108%	$234K	$450K	10x	as long as short
Orderly PERP_DOT_USDC	+0.0100%	8h	1.2060	−0.058%	$8K	$22K	10x	as long as short
SunX DOT-USDT	+0.0100%	8h	1.2062	−0.041%	$2K	$1.3M	20x	as long as short
HTX DOT-USDT	+0.0100%	8h	1.2077	+0.083%	$251K	$223K	75x	as long as short
Extended DOT-USD	+0.0104%	1h	1.2064	−0.021%	$15K	$295K	25x	as long as short
Kraken Futures PF_DOTUSD	+0.0116%	1h	1.2079	+0.098%	$4.5M	$1.4M	50x	as long as short
BloFin DOT-USDT	+0.0220%	8h	1.2068	+0.008%	$2.2M	$795K	75x	as long as short
GMX DOT/USD [WBTC.b-USDC]short	L +0.0303% / S −0.1012%	1h	1.2061	−0.048%	$22K	—	100x
Phemex DOTUSDT	+0.0556%	8h	1.2090	+0.191%	$2.3M	$2.1M	50x	as long as short