Funding arb · Price arb /

DOT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.1803%/8h= −197.4% APRpaid last 24h −0.330%

Price spread now: Deribit against Bitget+0.136%7-day average +0.066% · you sell dearer than you buy

Net, funding: paid 7d − costs−$162as in the Funding arb table

Net, price: spread back to 7d avg − costs−$46as in the Price arb table

costs, in and out, $10k−$530.533% of the position

Long on Bitget Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−1.090%−$109 on $10k

Price spread, last 4 days (all we have)−0.330%−$33 · spread now +0.136%, 7d avg +0.066%

Together, before fees−1.420%−$142 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Deribit is 0.070% dearer against Bitget than usual: you sell high and buy low (spread +0.136% now, against its 7-day average of +0.066%): +$7 on $10k if it goes back. Holding the pair costs −$54 a day in funding at the current rate, which eats that in about 3 hours. At the pace of the last 7 days (−1.090% in total) that is about 11 hours.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -1.090% in total (about -56.9% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget DOTUSDT	1.1740	0.0100	pay 0.0100% / 8h	7h 18m	$22.6M	$14.2M	75x
Short	Deribit DOT_USDC-PERPETUAL	1.1756	−0.1703	pay 0.0213% / 1h	18m 02s	$256K	$171K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Bitget. 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 BitgetbpFee DeribitbpOrdersPrice spread, now +0.136%Rate

Funding earned: −$378.63
Price spread: +0.136% → +0.066%: $7.05
Slippage, 4 orders: −$34.31
Fee Bitget: 6 bp × 2 orders: −$12
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$424.89
Costs to cover: 0.533%
Break-even: never at this rate

Slippage from Bitget: live order book, 1 min ago; Deribit: live order book, 15 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 Bitget live order book, 1 min ago	4.26 bp	17.2 bp −$17	23.4 bp −$234	83.8 bp −$8,383	doesn't fit
Sell Deribit live order book, 15 min ago	8.58 bp	12.1 bp −$12	20.6 bp −$206	doesn't fit	doesn't fit

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-PERPETUALshort	−0.1703%	1h	1.1756	+0.136%	$256K	$171K	50x
Reya DOTRUSDPERP	−0.0166%	1h	1.1741	+0.007%	$254	—	—	as long as short
dYdX DOT-USD	0.0000%	1h	1.1746	+0.053%	$142K	$6K	10x	as long as short
gTrade (Gains Network) DOT/USD	L 0.0000% / S +0.0004%	1h	1.1749	+0.075%	$3K	—	150x	as long as short
Injective DOT/USDC PERP	+0.0033%	1h	1.2020	+2.385%	$328	$121K	12x	as long as short
Coinbase International DOT-PERP-INTX	+0.0072%	1h	1.1760	+0.170%	$171K	$2.0M	50x	as long as short
Lighter DOT	+0.0096%	1h	1.1751	+0.094%	$247K	$673K	10x	as long as short
Hyperliquid DOT	+0.0100%	1h	1.1754	+0.119%	$5.6M	$4.5M	10x	as long as short
Aster DOTUSDT	+0.0100%	8h	1.1753	+0.107%	$847K	$597K	50x	as long as short
Binance DOTUSDT	+0.0100%	8h	1.1754	+0.116%	$42.9M	$87.9M	75x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit DOTUSDT	+0.0100%	8h	1.1742	+0.017%	$23.9M	$20.2M	75x	as long as short
OKX DOT-USDT-SWAP	+0.0100%	8h	1.1744	+0.034%	$9.0M	$25.2M	50x	as long as short
Gate DOT_USDT	+0.0100%	8h	1.1750	+0.085%	$6.6M	$11.9M	75x	as long as short
MEXC DOT_USDT	+0.0100%	8h	1.1750	+0.085%	$33.2M	$65.8M	300x	as long as short
KuCoin DOTUSDTM	+0.0100%	8h	1.1755	+0.128%	$6.2M	$9.6M	75x	as long as short
Bitget DOTUSDTlong	+0.0100%	8h	1.1740	long leg	$22.6M	$14.2M	75x
BingX DOT-USDC	+0.0100%	8h	1.1746	+0.051%	—	$1.3M	—	as long as short
Backpack DOT_USDC_PERP	+0.0100%	1h	1.1756	+0.136%	$86K	$131K	10x	as long as short
Variational Omni DOT	+0.0100%	8h	1.1745	+0.041%	$534K	$50K	—	as long as short
edgeX DOTUSDC	+0.0100%	4h	1.1746	+0.054%	$34K	$336K	20x	as long as short
GRVT DOT_USDT_Perp	+0.0100%	8h	1.1750	+0.085%	$223K	$427K	10x	as long as short
Orderly PERP_DOT_USDC	+0.0100%	8h	1.1740	0.000%	$8K	$18K	10x	as long as short
SunX DOT-USDT	+0.0100%	8h	1.1761	+0.179%	$2K	$1.3M	20x	as long as short
HTX DOT-USDT	+0.0100%	8h	1.1744	+0.034%	$265K	$274K	75x	as long as short
Extended DOT-USD	+0.0104%	1h	1.1740	−0.003%	$15K	$273K	25x	as long as short
Phemex DOTUSDT	+0.0141%	8h	1.1770	+0.256%	$2.4M	$2.2M	50x	as long as short
BloFin DOT-USDT	+0.0220%	8h	1.1744	+0.034%	$1.9M	$913K	75x	as long as short
Kraken Futures PF_DOTUSD	+0.0242%	1h	1.1757	+0.144%	$4.4M	$1.5M	50x	as long as short
GMX DOT/USD [WBTC.b-USDC]	L +0.0291% / S −0.0937%	1h	1.1745	+0.044%	$20K	—	100x	as long as short