Funding arb · Price arb /

DOT

all DOT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0228%/8h= −25.0% APRpaid last 24h −0.080%

Price spread now: Coinbase International against Orderly+0.165%7-day average — · you sell dearer than you buy

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

Long on Orderly Short on Coinbase International

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

The price spread pays, funding is against you. Coinbase International is 0.165% dearer against Orderly than usual: you sell high and buy low (spread +0.165% now, against zero (this spread has no 7-day history yet)): +$17 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 2.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_DOT_USDC	1.2090	0.0100	pay 0.0100% / 8h	59m 37s	$8K	$24K	10x
Short	Coinbase International DOT-PERP-INTX	1.2110	−0.0128	pay 0.0016% / 1h	59m 37s	$209K	$1.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Orderly. 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 OrderlybpFee Coinbase InternationalbpOrdersPrice spread, now +0.165%Rate

Funding earned: −$47.88
Price spread: +0.165% → 0.000%: $16.54
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$47.34
Costs to cover: 0.160%
Break-even: from the start

Slippage unknown: Orderly: no order-book sample; Coinbase International: live order book, 4 min ago. 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 Orderly no order-book sample	—	—	—	—	—
Sell Coinbase International live order book, 4 min ago	4.13 bp	16.4 bp −$16	21.8 bp −$218	doesn't fit	doesn't fit

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	1.2092	+0.013%	$262	—	—	as long as short
Coinbase International DOT-PERP-INTXshort	−0.0128%	1h	1.2110	+0.165%	$209K	$1.9M	50x
Kraken Futures PF_DOTUSD	−0.0053%	1h	1.2105	+0.127%	$4.5M	$1.4M	50x	as long as short
Injective DOT/USDC PERP	−0.0040%	1h	1.2020	−0.579%	$328	$121K	12x	as long as short
OKX DOT-USDT-SWAP	−0.0009%	8h	1.2088	−0.017%	$9.6M	$23.9M	50x	as long as short
dYdX DOT-USD	0.0000%	1h	1.2088	−0.014%	$146K	$6K	10x	as long as short
gTrade (Gains Network) DOT/USD	L 0.0000% / S +0.0004%	1h	1.2099	+0.074%	$5K	—	150x	as long as short
KuCoin DOTUSDTM	+0.0045%	8h	1.2097	+0.058%	$6.8M	$8.7M	75x	as long as short
Deribit DOT_USDC-PERPETUAL	+0.0081%	1h	1.2102	+0.099%	$221K	$117K	50x	as long as short
Lighter DOT	+0.0096%	1h	1.2090	+0.002%	$247K	$601K	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	1.2102	+0.098%	$5.4M	$3.3M	10x	as long as short
Aster DOTUSDT	+0.0100%	8h	1.2088	−0.018%	$882K	$689K	50x	as long as short
Binance DOTUSDT	+0.0100%	8h	1.2087	−0.025%	$44.7M	$81.6M	75x	as long as short
Bybit DOTUSDT	+0.0100%	8h	1.2081	−0.074%	$24.8M	$18.4M	75x	as long as short
Gate DOT_USDT	+0.0100%	8h	1.2080	−0.083%	$6.9M	$11.5M	75x	as long as short
MEXC DOT_USDT	+0.0100%	8h	1.2079	−0.091%	$29.7M	$38.1M	300x	as long as short
Bitget DOTUSDT	+0.0100%	8h	1.2090	0.000%	$23.3M	$14.8M	75x	as long as short
BingX DOT-USDC	+0.0100%	8h	1.2085	−0.041%	—	$1.3M	—	as long as short
Backpack DOT_USDC_PERP	+0.0100%	1h	1.2096	+0.050%	$97K	$128K	10x	as long as short
Variational Omni DOT	+0.0100%	8h	1.2068	−0.183%	$550K	$61K	—	as long as short
edgeX DOTUSDC	+0.0100%	4h	1.2088	−0.014%	$35K	$334K	20x	as long as short
GRVT DOT_USDT_Perp	+0.0100%	8h	1.2078	−0.099%	$234K	$457K	10x	as long as short
Orderly PERP_DOT_USDClong	+0.0100%	8h	1.2090	long leg	$8K	$24K	10x
SunX DOT-USDT	+0.0100%	8h	1.2112	+0.182%	$2K	$1.3M	20x	as long as short
HTX DOT-USDT	+0.0100%	8h	1.2078	−0.099%	$249K	$219K	75x	as long as short
Extended DOT-USD	+0.0104%	1h	1.2082	−0.063%	$15K	$235K	25x	as long as short
BloFin DOT-USDT	+0.0220%	8h	1.2076	−0.116%	$2.3M	$780K	75x	as long as short
Phemex DOTUSDT	+0.0301%	8h	1.2110	+0.165%	$2.2M	$2.1M	50x	as long as short
GMX DOT/USD [WBTC.b-USDC]	L +0.0305% / S −0.1025%	1h	1.2099	+0.072%	$23K	—	100x	as long as short