Funding arb · Price arb /

DOT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0104%/8h= −11.4% APRpaid last 24h −0.031%

Price spread now: gTrade (Gains Network) against Orderly+0.051%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 gTrade (Gains Network)

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

The price spread pays, funding is against you. gTrade (Gains Network) is 0.051% dearer against Orderly than usual: you sell high and buy low (spread +0.051% now, against zero (this spread has no 7-day history yet)): +$5 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 39 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_DOT_USDC	1.1810	0.0100	pay 0.0100% / 8h	2h 46m	$8K	$27K	10x
Short	gTrade (Gains Network) DOT/USD	1.1816	L 0.0000% / S +0.0004%	pay 0.0001% / 1h	46m 43s	$3K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now +0.051%Rate

Funding earned: −$21.85
Price spread: +0.051% → 0.000%: $5.08
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$32.77
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; gTrade (Gains Network): 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 Orderly no order-book sample	—	—	—	—	—
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

Orderly and gTrade (Gains Network): 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	−0.1186%	1h	1.1818	+0.068%	$216K	$118K	50x	as long as short
Reya DOTRUSDPERP	−0.0166%	1h	1.1807	−0.023%	$256	—	—	as long as short
Kraken Futures PF_DOTUSD	−0.0130%	1h	1.1814	+0.038%	$4.4M	$1.3M	50x	as long as short
Injective DOT/USDC PERP	−0.0080%	1h	1.1820	+0.085%	$323	$83K	12x	as long as short
Coinbase International DOT-PERP-INTX	−0.0064%	1h	1.1810	0.000%	$189K	$1.8M	50x	as long as short
OKX DOT-USDT-SWAP	−0.0043%	8h	1.1786	−0.203%	$9.3M	$22.7M	50x	as long as short
dYdX DOT-USD	0.0000%	1h	1.1800	−0.085%	$142K	$6K	10x	as long as short
gTrade (Gains Network) DOT/USDshort	L 0.0000% / S +0.0004%	1h	1.1816	+0.051%	$3K	—	150x
Backpack DOT_USDC_PERP	+0.0010%	1h	1.1806	−0.034%	$94K	$120K	10x	as long as short
KuCoin DOTUSDTM	+0.0044%	8h	1.1806	−0.034%	$6.7M	$8.7M	75x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance DOTUSDT	+0.0091%	8h	1.1785	−0.212%	$43.6M	$79.7M	75x	as long as short
MEXC DOT_USDT	+0.0092%	8h	1.1806	−0.034%	$31.5M	$33.9M	300x	as long as short
Lighter DOT	+0.0096%	1h	1.1791	−0.160%	$258K	$563K	10x	as long as short
Extended DOT-USD	+0.0096%	1h	1.1802	−0.068%	$15K	$240K	25x	as long as short
Hyperliquid DOT	+0.0100%	1h	1.1808	−0.017%	$5.2M	$3.1M	10x	as long as short
Aster DOTUSDT	+0.0100%	8h	1.1813	+0.024%	$885K	$647K	50x	as long as short
Bybit DOTUSDT	+0.0100%	8h	1.1784	−0.220%	$24.2M	$17.6M	75x	as long as short
Gate DOT_USDT	+0.0100%	8h	1.1810	0.000%	$6.8M	$11.2M	75x	as long as short
Bitget DOTUSDT	+0.0100%	8h	1.1803	−0.059%	$22.7M	$13.4M	75x	as long as short
BingX DOT-USDT	+0.0100%	8h	1.1808	−0.017%	—	$28.5M	—	as long as short
Variational Omni DOT	+0.0100%	8h	1.1808	−0.021%	$539K	$91K	—	as long as short
edgeX DOTUSDC	+0.0100%	4h	1.1816	+0.055%	$34K	$332K	20x	as long as short
GRVT DOT_USDT_Perp	+0.0100%	8h	1.1810	+0.001%	$229K	$478K	10x	as long as short
Orderly PERP_DOT_USDClong	+0.0100%	8h	1.1810	long leg	$8K	$27K	10x
SunX DOT-USDT	+0.0100%	8h	1.1831	+0.178%	$2K	$1.2M	20x	as long as short
HTX DOT-USDT	+0.0100%	8h	1.1812	+0.017%	$245K	$206K	75x	as long as short
BloFin DOT-USDT	+0.0213%	8h	1.1800	−0.085%	$2.3M	$748K	75x	as long as short
GMX DOT/USD [WBTC.b-USDC]	L +0.0300% / S −0.1014%	1h	1.1815	+0.044%	$22K	—	100x	as long as short
Phemex DOTUSDT	+0.0412%	8h	1.1820	+0.085%	$2.1M	$2.1M	50x	as long as short