Funding arb · Price arb /

DOT

all DOT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0266%/8h= +29.2% APRpaid last 24h +0.060%

Price spread now: GRVT against Reya−0.370%64s7-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 GRVT

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 · GRVT: Active · farm boardneeds both histories

Funding pays, the price is against you. GRVT is 0.370% cheaper against Reya than usual: you would sell low and buy high (spread −0.370% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$37 on $10k: about 4.6 days of funding at the current rate (+$8 a day). The two prices were read 64 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	1.1989	−0.0166	get 0.0021% / 1h	30m 37s	$259	—	—
Short	GRVT DOT_USDT_Perp	1.1944	0.0100	get 0.0100% / 8h	6h 30m	$229K	$432K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now −0.370%Rate

Funding earned: $55.92
Price spread: −0.370% → 0.000%: −$37.02
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: $3.9
Costs to cover: 0.150%
Break-even: 6.5 days

Slippage unknown: Reya: no order-book sample; GRVT: live order book, 37 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 GRVT live order book, 37 min ago	4.12 bp	60.3 bp −$60	180.1 bp −$1,801	doesn't fit	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 28 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	−0.1166%	1h	1.1992	+0.028%	$219K	$116K	50x	as long as short
Reya DOTRUSDPERPlong	−0.0166%	1h	1.1989	long leg	$259	—	—
Coinbase International DOT-PERP-INTX	−0.0024%	1h	1.2010	+0.178%	$198K	$1.8M	50x	as long as short
dYdX DOT-USD	0.0000%	1h	1.1988	−0.004%	$144K	$6K	10x	as long as short
gTrade (Gains Network) DOT/USD	L 0.0000% / S +0.0004%	1h	1.1985	−0.032%	$3K	—	150x	as long as short
Injective DOT/USDC PERP	+0.0033%	1h	1.2020	+0.262%	$328	$121K	12x	as long as short
OKX DOT-USDT-SWAP	+0.0038%	8h	1.1990	+0.012%	$9.4M	$24.3M	50x	as long as short
KuCoin DOTUSDTM	+0.0083%	8h	1.1986	−0.022%	$6.5M	$9.3M	75x	as long as short
Lighter DOT	+0.0096%	1h	1.1978	−0.086%	$270K	$630K	10x	as long as short
Hyperliquid DOT	+0.0100%	1h	1.1977	−0.097%	$5.4M	$3.4M	10x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster DOTUSDT	+0.0100%	8h	1.1981	−0.067%	$867K	$705K	50x	as long as short
Binance DOTUSDT	+0.0100%	8h	1.1993	+0.037%	$44.1M	$84.6M	75x	as long as short
Bybit DOTUSDT	+0.0100%	8h	1.1993	+0.037%	$24.7M	$19.0M	75x	as long as short
Gate DOT_USDT	+0.0100%	8h	1.1980	−0.072%	$6.8M	$11.5M	75x	as long as short
MEXC DOT_USDT	+0.0100%	8h	1.1986	−0.022%	$34.7M	$46.1M	300x	as long as short
Bitget DOTUSDT	+0.0100%	8h	1.1988	−0.005%	$22.9M	$14.7M	75x	as long as short
BingX DOT-USDT	+0.0100%	8h	1.1986	−0.022%	—	$30.1M	—	as long as short
Backpack DOT_USDC_PERP	+0.0100%	1h	1.1976	−0.105%	$96K	$127K	10x	as long as short
Variational Omni DOT	+0.0100%	8h	1.1979	−0.083%	$546K	$59K	—	as long as short
edgeX DOTUSDC	+0.0100%	4h	1.1953	−0.298%	$35K	$334K	20x	as long as short
GRVT DOT_USDT_Perpshort	+0.0100%	8h	1.1944	−0.370%	$229K	$432K	10x
Orderly PERP_DOT_USDC	+0.0100%	8h	1.1980	−0.072%	$8K	$23K	10x	as long as short
SunX DOT-USDT	+0.0100%	8h	1.2000	+0.095%	$1K	$1.3M	20x	as long as short
HTX DOT-USDT	+0.0100%	8h	1.1982	−0.055%	$249K	$223K	75x	as long as short
Extended DOT-USD	+0.0104%	1h	1.1983	−0.046%	$14K	$299K	25x	as long as short
Kraken Futures PF_DOTUSD	+0.0196%	1h	1.1991	+0.017%	$4.5M	$1.4M	50x	as long as short
GMX DOT/USD [WBTC.b-USDC]	L +0.0303% / S −0.1012%	1h	1.1983	−0.045%	$22K	—	100x	as long as short
Phemex DOTUSDT	+0.0508%	8h	1.1990	+0.012%	$2.3M	$2.2M	50x	as long as short