Funding arb · Price arb /

DOT

all DOT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0912%/8h= +99.8% APRpaid last 24h +0.318%

Price spread now: GMX against Variational Omni−0.084%7-day average — · you buy dearer than you sell

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

Long on Variational Omni 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—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Funding pays, the price is against you. GMX is 0.084% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.084% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$8 on $10k: about 7 hours of funding at the current rate (+$27 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni DOT	1.2060	0.0100	pay 0.0100% / 8h	6h 10m	$549K	$58K	—
Short	GMX DOT/USD [WBTC.b-USDC]	1.2050	L +0.0304% / S −0.1012%	get 0.0126% / 1h	10m 24s	$22K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Variational Omni. 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 Variational OmnibpFee GMXbpOrdersPrice spread, now −0.084%Rate

Funding earned: $191.42
Price spread: −0.084% → 0.000%: −$8.41
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee GMX: 6 bp × 2 orders: −$12
Net: $171.02
Costs to cover: 0.120%
Break-even: 0.7 days

Slippage unknown: Variational Omni: RFQ quote, 59 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 Variational Omni RFQ quote, 59 min ago	3.21 bp	doesn't fit	21.8 bp −$218	doesn't fit	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 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	−0.1489%	1h	1.2058	−0.020%	$220K	$116K	50x	as long as short
Reya DOTRUSDPERP	−0.0166%	1h	1.2048	−0.099%	$261	—	—	as long as short
Coinbase International DOT-PERP-INTX	−0.0024%	1h	1.2060	−0.003%	$198K	$2.0M	50x	as long as short
dYdX DOT-USD	0.0000%	1h	1.2057	−0.032%	$145K	$6K	10x	as long as short
gTrade (Gains Network) DOT/USD	L 0.0000% / S +0.0004%	1h	1.2052	−0.069%	$3K	—	150x	as long as short
Injective DOT/USDC PERP	+0.0033%	1h	1.2020	−0.335%	$328	$121K	12x	as long as short
OKX DOT-USDT-SWAP	+0.0063%	8h	1.2048	−0.103%	$9.4M	$24.5M	50x	as long as short
KuCoin DOTUSDTM	+0.0094%	8h	1.2057	−0.028%	$6.5M	$9.2M	75x	as long as short
Lighter DOT	+0.0096%	1h	1.2060	−0.007%	$272K	$630K	10x	as long as short
Hyperliquid DOT	+0.0100%	1h	1.2058	−0.020%	$5.5M	$3.5M	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	1.2060	−0.003%	$872K	$705K	50x	as long as short
Binance DOTUSDT	+0.0100%	8h	1.2051	−0.076%	$44.5M	$85.3M	75x	as long as short
Bybit DOTUSDT	+0.0100%	8h	1.2049	−0.094%	$24.8M	$19.1M	75x	as long as short
Gate DOT_USDT	+0.0100%	8h	1.2060	−0.003%	$6.8M	$11.7M	75x	as long as short
MEXC DOT_USDT	+0.0100%	8h	1.2054	−0.053%	$26.1M	$47.4M	300x	as long as short
Bitget DOTUSDT	+0.0100%	8h	1.2050	−0.086%	$23.0M	$14.8M	75x	as long as short
BingX DOT-USDC	+0.0100%	8h	1.2052	−0.070%	—	$1.3M	—	as long as short
Backpack DOT_USDC_PERP	+0.0100%	1h	1.2065	+0.038%	$96K	$127K	10x	as long as short
Variational Omni DOTlong	+0.0100%	8h	1.2060	long leg	$549K	$58K	—
edgeX DOTUSDC	+0.0100%	4h	1.2015	−0.377%	$35K	$336K	20x	as long as short
GRVT DOT_USDT_Perp	+0.0100%	8h	1.2040	−0.169%	$231K	$421K	10x	as long as short
Orderly PERP_DOT_USDC	+0.0100%	8h	1.2050	−0.086%	$8K	$23K	10x	as long as short
SunX DOT-USDT	+0.0100%	8h	1.2083	+0.187%	$2K	$1.3M	20x	as long as short
HTX DOT-USDT	+0.0100%	8h	1.2071	+0.088%	$251K	$224K	75x	as long as short
Extended DOT-USD	+0.0104%	1h	1.2043	−0.146%	$14K	$303K	25x	as long as short
Kraken Futures PF_DOTUSD	+0.0195%	1h	1.2058	−0.022%	$4.5M	$1.5M	50x	as long as short
GMX DOT/USD [WBTC.b-USDC]short	L +0.0304% / S −0.1012%	1h	1.2050	−0.084%	$22K	—	100x
Phemex DOTUSDT	+0.0414%	8h	1.2080	+0.163%	$2.3M	$2.2M	50x	as long as short