Funding arb · Price arb /

DOT

all DOT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0709%/8h= +77.7% APRpaid last 24h +0.174%

Price spread now: GMX against Phemex−0.062%7-day average — · you buy dearer than you sell

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

Long on Phemex 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 0.062% cheaper against Phemex than usual: you would sell low and buy high (spread −0.062% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 7 hours of funding at the current rate (+$21 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex DOTUSDT	1.2140	0.0302	pay 0.0302% / 8h	27m 48s	$2.3M	$2.1M	50x
Short	GMX DOT/USD [WBTC.b-USDC]	1.2132	L +0.0303% / S −0.1012%	get 0.0126% / 1h	27m 48s	$23K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Phemex. 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 PhemexbpFee GMXbpOrdersPrice spread, now −0.062%Rate

Funding earned: $148.93
Price spread: −0.062% → 0.000%: −$6.24
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee GMX: 6 bp × 2 orders: −$12
Net: $118.69
Costs to cover: 0.240%
Break-even: 1.4 days

Slippage unknown: Phemex: live order book, 6 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 Phemex live order book, 6 min ago	4.11 bp	15.3 bp −$15	44.1 bp −$441	112.2 bp −$11.2K	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
Deribit DOT_USDC-PERPETUAL	−0.1066%	1h	1.2139	−0.008%	$222K	$117K	50x	as long as short
Reya DOTRUSDPERP	−0.0166%	1h	1.2123	−0.137%	$262	—	—	as long as short
Coinbase International DOT-PERP-INTX	−0.0056%	1h	1.2140	0.000%	$208K	$1.8M	50x	as long as short
dYdX DOT-USD	0.0000%	1h	1.2116	−0.201%	$146K	$6K	10x	as long as short
gTrade (Gains Network) DOT/USD	L 0.0000% / S +0.0004%	1h	1.2134	−0.051%	$5K	—	150x	as long as short
OKX DOT-USDT-SWAP	+0.0014%	8h	1.2111	−0.239%	$9.6M	$24.3M	50x	as long as short
Kraken Futures PF_DOTUSD	+0.0032%	1h	1.2137	−0.025%	$4.5M	$1.4M	50x	as long as short
Injective DOT/USDC PERP	+0.0033%	1h	1.2020	−0.988%	$328	$121K	12x	as long as short
KuCoin DOTUSDTM	+0.0052%	8h	1.2113	−0.222%	$6.7M	$8.8M	75x	as long as short
Lighter DOT	+0.0096%	1h	1.2114	−0.215%	$247K	$605K	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	1.2124	−0.131%	$5.4M	$3.4M	10x	as long as short
Aster DOTUSDT	+0.0100%	8h	1.2130	−0.082%	$883K	$691K	50x	as long as short
Binance DOTUSDT	+0.0100%	8h	1.2114	−0.214%	$44.8M	$82.8M	75x	as long as short
Bybit DOTUSDT	+0.0100%	8h	1.2108	−0.264%	$24.9M	$18.6M	75x	as long as short
Gate DOT_USDT	+0.0100%	8h	1.2120	−0.165%	$6.8M	$11.8M	75x	as long as short
MEXC DOT_USDT	+0.0100%	8h	1.2111	−0.239%	$32.3M	$40.1M	300x	as long as short
Bitget DOTUSDT	+0.0100%	8h	1.2110	−0.247%	$23.2M	$14.8M	75x	as long as short
BingX DOT-USDT	+0.0100%	8h	1.2120	−0.165%	—	$28.6M	—	as long as short
Backpack DOT_USDC_PERP	+0.0100%	1h	1.2120	−0.165%	$97K	$132K	10x	as long as short
Variational Omni DOT	+0.0100%	8h	1.2089	−0.423%	$551K	$61K	—	as long as short
edgeX DOTUSDC	+0.0100%	4h	1.2120	−0.166%	$35K	$334K	20x	as long as short
GRVT DOT_USDT_Perp	+0.0100%	8h	1.2100	−0.330%	$234K	$457K	10x	as long as short
Orderly PERP_DOT_USDC	+0.0100%	8h	1.2130	−0.082%	$8K	$23K	10x	as long as short
SunX DOT-USDT	+0.0100%	8h	1.2145	+0.041%	$2K	$1.3M	20x	as long as short
HTX DOT-USDT	+0.0100%	8h	1.2119	−0.173%	$250K	$220K	75x	as long as short
Extended DOT-USD	+0.0104%	1h	1.2113	−0.222%	$15K	$235K	25x	as long as short
BloFin DOT-USDT	+0.0220%	8h	1.2134	−0.049%	$2.3M	$790K	75x	as long as short
Phemex DOTUSDTlong	+0.0302%	8h	1.2140	long leg	$2.3M	$2.1M	50x
GMX DOT/USD [WBTC.b-USDC]short	L +0.0303% / S −0.1012%	1h	1.2132	−0.062%	$23K	—	100x