Funding arb · Price arb /

DASH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0436%/8h= −47.7% APRpaid last 24h −0.104%

Price spread now: OKX against Coinbase International−0.320%7-day average −0.241% · you buy dearer than you sell

Net, funding: paid 7d − costs−$99as in the Funding arb table

Net, price: spread back to 7d avg − costs−$93as in the Price arb table

costs, in and out, $10k−$850.850% of the position

Long on Coinbase International Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.139%−$14 on $10k

Price spread, last 4 days (all we have)+0.287%+$29 · spread now −0.320%, 7d avg −0.241%

Together, before fees+0.148%+$15 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and OKX is 0.079% cheaper against Coinbase International than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.241%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.139% in total (about -7.3% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International DASH-PERP-INTX	59.370	0.0536	pay 0.0067% / 1h	57m 06s	$81K	$207K	25x
Short	OKX DASH-USDT-SWAP	59.180	0.0100	get 0.0050% / 4h	1h 57m	$6.2M	$30.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against Coinbase International. 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 Coinbase InternationalbpFee OKXbpOrdersPrice spread, now −0.320%Rate

Funding earned: −$91.56
Price spread: −0.320% → −0.241%: −$7.92
Slippage, 4 orders: −$64.99
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$184.47
Costs to cover: 0.850%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 53 min ago; OKX: live order book, 5 min ago.

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 Coinbase International live order book, 53 min ago	18.61 bp	28.4 bp −$28	44.7 bp −$447	doesn't fit	doesn't fit
Sell OKX live order book, 5 min ago	0.84 bp	14.6 bp −$15	32.0 bp −$320	doesn't fit	doesn't fit

DASH on 22 exchanges

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
Kraken Futures PF_DASHUSD	−0.0333%	1h	59.191	−0.302%	$758K	$3.0M	25x	as long as short
Deribit DASH_USDC-PERPETUAL	0.0000%	1h	59.170	−0.337%	$30K	$32K	50x	as long as short
Injective DASH/USDC PERP	+0.0033%	1h	58.850	−0.876%	$7	$134K	5.5x	as long as short
Lighter DASH	+0.0096%	1h	59.213	−0.264%	$125K	$100K	10x	as long as short
Aster DASHUSDT	+0.0100%	8h	59.168	−0.340%	$123K	$356K	20x	as long as short
Binance DASHUSDT	+0.0100%	8h	59.180	−0.320%	$28.8M	$86.1M	75x	as long as short
Bybit DASHUSDT	+0.0100%	8h	59.200	−0.286%	$11.3M	$21.2M	75x	as long as short
OKX DASH-USDT-SWAPshort	+0.0100%	4h	59.180	−0.320%	$6.2M	$30.3M	50x
Gate DASH_USDT	+0.0100%	8h	59.210	−0.269%	$1.6M	$2.8M	50x	as long as short
MEXC DASH_USDT	+0.0100%	8h	59.170	−0.337%	$21.7M	$11.8M	100x	as long as short

Show all 22 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin DASHUSDTM	+0.0100%	8h	59.200	−0.286%	$8.4M	$4.7M	30x	as long as short
Bitget DASHUSDT	+0.0100%	8h	59.190	−0.303%	$6.6M	$3.3M	50x	as long as short
BingX DASH-USDT	+0.0100%	8h	59.250	−0.202%	—	$7.4M	—	as long as short
Variational Omni DASH	+0.0100%	8h	59.231	−0.234%	$318K	$218K	—	as long as short
SunX DASH-USDT	+0.0100%	8h	59.240	−0.219%	$25K	$1.2M	20x	as long as short
SoDEX DASH-USD	+0.0100%	1h	59.165	−0.345%	$271K	$4K	5x	as long as short
HTX DASH-USDT	+0.0100%	8h	59.520	+0.253%	$117K	$209K	30x	as long as short
Extended DASH-USD	+0.0104%	1h	59.162	−0.351%	$10K	$289K	10x	as long as short
BloFin DASH-USDT	+0.0220%	8h	59.130	−0.404%	$3.1M	$1.3M	75x	as long as short
Hyperliquid DASH	+0.0222%	1h	59.251	−0.200%	$4.6M	$2.7M	5x	as long as short
GMX DASH/USD [WBTC.b-USDC]	L +0.0525% / S −0.0389%	1h	59.171	−0.336%	$159K	—	50x	as long as short
Coinbase International DASH-PERP-INTXlong	+0.0536%	1h	59.370	long leg	$81K	$207K	25x