Funding arb · Price arb /

DOT

all DOT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0266%/8h= +29.2% APRpaid last 24h +0.075%

Price spread now: Bybit against Reya−0.048%56s7-day average — · you buy dearer than you sell

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

Long on Reya Short on Bybit

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

Funding pays, the price is against you. Bybit is 0.048% cheaper against Reya 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 14 hours of funding at the current rate (+$8 a day). The two prices were read 56 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya DOTRUSDPERP	1.1980	−0.0166	get 0.0021% / 1h	54m 40s	$259	—	—
Short	Bybit DOTUSDT	1.1974	0.0100	get 0.0100% / 8h	1h 54m	$24.5M	$17.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Reya. 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 ReyabpFee BybitbpOrdersPrice spread, now −0.048%Rate

Funding earned: $55.92
Price spread: −0.048% → 0.000%: −$4.75
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: $34.17
Costs to cover: 0.170%
Break-even: 2.7 days

Slippage unknown: Reya: no order-book sample; Bybit: 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 Reya no order-book sample	—	—	—	—	—
Sell Bybit live order book, 4 min ago	0.42 bp	9.5 bp −$10	21.2 bp −$212	71.3 bp −$7,135	doesn't fit

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	−0.0500%	1h	1.1997	+0.144%	$219K	$117K	50x	as long as short
Reya DOTRUSDPERPlong	−0.0166%	1h	1.1980	long leg	$259	—	—
Coinbase International DOT-PERP-INTX	−0.0128%	1h	1.1940	−0.331%	$184K	$1.8M	50x	as long as short
Kraken Futures PF_DOTUSD	−0.0054%	1h	1.1989	+0.077%	$4.5M	$1.3M	50x	as long as short
Injective DOT/USDC PERP	−0.0040%	1h	1.2020	+0.336%	$328	$121K	12x	as long as short
OKX DOT-USDT-SWAP	−0.0024%	8h	1.1970	−0.081%	$9.4M	$23.5M	50x	as long as short
dYdX DOT-USD	0.0000%	1h	1.1987	+0.061%	$144K	$6K	10x	as long as short
gTrade (Gains Network) DOT/USD	L 0.0000% / S +0.0004%	1h	1.1987	+0.063%	$5K	—	150x	as long as short
KuCoin DOTUSDTM	+0.0018%	8h	1.1989	+0.078%	$6.8M	$8.7M	75x	as long as short
Extended DOT-USD	+0.0048%	1h	1.1980	+0.003%	$15K	$235K	25x	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	+0.0051%	8h	1.1986	+0.053%	$36.2M	$35.8M	300x	as long as short
Binance DOTUSDT	+0.0055%	8h	1.1974	−0.046%	$44.1M	$80.7M	75x	as long as short
Lighter DOT	+0.0096%	1h	1.1988	+0.073%	$252K	$593K	10x	as long as short
Hyperliquid DOT	+0.0100%	1h	1.1993	+0.111%	$5.3M	$3.2M	10x	as long as short
Aster DOTUSDT	+0.0100%	8h	1.1979	−0.003%	$890K	$649K	50x	as long as short
Bybit DOTUSDTshort	+0.0100%	8h	1.1974	−0.048%	$24.5M	$17.9M	75x
Gate DOT_USDT	+0.0100%	8h	1.1990	+0.086%	$6.8M	$11.4M	75x	as long as short
Bitget DOTUSDT	+0.0100%	8h	1.1990	+0.086%	$22.9M	$14.0M	75x	as long as short
BingX DOT-USDC	+0.0100%	8h	1.1986	+0.053%	—	$1.3M	—	as long as short
Backpack DOT_USDC_PERP	+0.0100%	1h	1.1988	+0.069%	$99K	$127K	10x	as long as short
Variational Omni DOT	+0.0100%	8h	1.1951	−0.235%	$543K	$69K	—	as long as short
edgeX DOTUSDC	+0.0100%	4h	1.1893	−0.721%	$35K	$331K	20x	as long as short
GRVT DOT_USDT_Perp	+0.0100%	8h	1.1911	−0.572%	$231K	$469K	10x	as long as short
Orderly PERP_DOT_USDC	+0.0100%	8h	1.1980	+0.003%	$8K	$25K	10x	as long as short
SunX DOT-USDT	+0.0100%	8h	1.2003	+0.195%	$1K	$1.2M	20x	as long as short
HTX DOT-USDT	+0.0100%	8h	1.1963	−0.139%	$247K	$219K	75x	as long as short
BloFin DOT-USDT	+0.0172%	8h	1.1980	+0.003%	$2.2M	$766K	75x	as long as short
GMX DOT/USD [WBTC.b-USDC]	L +0.0297% / S −0.0774%	1h	1.1990	+0.083%	$23K	—	100x	as long as short
Phemex DOTUSDT	+0.0349%	8h	1.2000	+0.170%	$2.2M	$2.1M	50x	as long as short