Funding arb · Price arb /

DOT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0266%/8h= −29.2% APRpaid last 24h −0.080%

Price spread now: Reya against Orderly+0.053%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 Reya

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—+ Points / potential airdropReya: Active · farm boardneeds both histories

The price spread pays, funding is against you. Reya is 0.053% dearer against Orderly than usual: you sell high and buy low (spread +0.053% now, against zero (this spread has no 7-day history yet)): +$5 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 16 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_DOT_USDC	1.1800	0.0100	pay 0.0100% / 8h	2h 44m	$8K	$27K	10x
Short	Reya DOTRUSDPERP	1.1806	−0.0166	pay 0.0021% / 1h	44m 03s	$255	—	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya 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 ReyabpOrdersPrice spread, now +0.053%Rate

Funding earned: −$55.92
Price spread: +0.053% → 0.000%: $5.32
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Reya: 3 bp × 2 orders: −$6
Net: −$62.6
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; Reya: 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 Reya no order-book sample	—	—	—	—	—

Orderly and Reya: 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	−0.1102%	1h	1.1820	+0.169%	$216K	$118K	50x	as long as short
Reya DOTRUSDPERPshort	−0.0166%	1h	1.1806	+0.053%	$255	—	—
Kraken Futures PF_DOTUSD	−0.0130%	1h	1.1819	+0.157%	$4.4M	$1.3M	50x	as long as short
Injective DOT/USDC PERP	−0.0080%	1h	1.1820	+0.169%	$323	$83K	12x	as long as short
Coinbase International DOT-PERP-INTX	−0.0064%	1h	1.1810	+0.085%	$189K	$1.8M	50x	as long as short
OKX DOT-USDT-SWAP	−0.0044%	8h	1.1819	+0.161%	$9.3M	$22.8M	50x	as long as short
Backpack DOT_USDC_PERP	−0.0008%	1h	1.1812	+0.102%	$94K	$120K	10x	as long as short
dYdX DOT-USD	0.0000%	1h	1.1813	+0.107%	$142K	$6K	10x	as long as short
gTrade (Gains Network) DOT/USD	L 0.0000% / S +0.0004%	1h	1.1816	+0.138%	$3K	—	150x	as long as short
KuCoin DOTUSDTM	+0.0038%	8h	1.1807	+0.059%	$6.7M	$8.6M	75x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC DOT_USDT	+0.0087%	8h	1.1810	+0.085%	$31.7M	$34.0M	300x	as long as short
Binance DOTUSDT	+0.0087%	8h	1.1819	+0.161%	$43.7M	$79.7M	75x	as long as short
Extended DOT-USD	+0.0088%	1h	1.1804	+0.030%	$15K	$240K	25x	as long as short
Lighter DOT	+0.0096%	1h	1.1810	+0.086%	$258K	$563K	10x	as long as short
Hyperliquid DOT	+0.0100%	1h	1.1815	+0.127%	$5.2M	$3.1M	10x	as long as short
Aster DOTUSDT	+0.0100%	8h	1.1811	+0.094%	$885K	$647K	50x	as long as short
Bybit DOTUSDT	+0.0100%	8h	1.1814	+0.119%	$24.3M	$17.6M	75x	as long as short
Gate DOT_USDT	+0.0100%	8h	1.1820	+0.169%	$6.8M	$11.2M	75x	as long as short
Bitget DOTUSDT	+0.0100%	8h	1.1811	+0.093%	$22.7M	$13.4M	75x	as long as short
BingX DOT-USDT	+0.0100%	8h	1.1815	+0.127%	—	$28.5M	—	as long as short
Variational Omni DOT	+0.0100%	8h	1.1795	−0.046%	$537K	$91K	—	as long as short
edgeX DOTUSDC	+0.0100%	4h	1.1808	+0.067%	$34K	$333K	20x	as long as short
GRVT DOT_USDT_Perp	+0.0100%	8h	1.1808	+0.068%	$229K	$478K	10x	as long as short
Orderly PERP_DOT_USDClong	+0.0100%	8h	1.1800	long leg	$8K	$27K	10x
SunX DOT-USDT	+0.0100%	8h	1.1826	+0.220%	$2K	$1.2M	20x	as long as short
HTX DOT-USDT	+0.0100%	8h	1.1812	+0.102%	$245K	$206K	75x	as long as short
BloFin DOT-USDT	+0.0207%	8h	1.1814	+0.119%	$2.3M	$752K	75x	as long as short
GMX DOT/USD [WBTC.b-USDC]	L +0.0300% / S −0.1014%	1h	1.1814	+0.117%	$22K	—	100x	as long as short
Phemex DOTUSDT	+0.0405%	8h	1.1830	+0.254%	$2.2M	$2.1M	50x	as long as short