Funding arb · Price arb /

DOT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.030%

Price spread now: HTX against gTrade (Gains Network)−0.124%7-day average — · you buy dearer than you sell

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

Long on gTrade (Gains Network)Short on HTX

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—needs both histories

Funding pays, the price is against you. HTX is 0.124% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.124% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$12 on $10k: about 4.1 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) DOT/USD	1.1655	L 0.0000% / S +0.0004%	pay 0.0000% / 1h	4m 47s	$3K	—	150x
Short	HTX DOT-USDT	1.1641	0.0100	get 0.0100% / 8h	4m 47s	$262K	$283K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee HTXbpOrdersPrice spread, now −0.124%Rate

Funding earned: $20.9
Price spread: −0.124% → 0.000%: −$12.35
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: −$13.45
Costs to cover: 0.220%
Break-even: 11.5 days

Slippage unknown: gTrade (Gains Network): no order-book sample; HTX: live order book, 32 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell HTX live order book, 32 min ago	20.25 bp	27.9 bp −$28	255.7 bp −$2,557	doesn't fit	doesn't fit

gTrade (Gains Network): 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	−0.2997%	1h	1.1664	+0.074%	$251K	$159K	50x	as long as short
Reya DOTRUSDPERP	−0.0166%	1h	1.1652	−0.026%	$252	—	—	as long as short
Coinbase International DOT-PERP-INTX	−0.0104%	1h	1.1660	+0.039%	$170K	$2.0M	50x	as long as short
gTrade (Gains Network) DOT/USDlong	L 0.0000% / S +0.0004%	1h	1.1655	long leg	$3K	—	150x
dYdX DOT-USD	+0.0001%	1h	1.1648	−0.066%	$140K	$6K	10x	as long as short
Injective DOT/USDC PERP	+0.0033%	1h	1.2020	+3.128%	$328	$121K	12x	as long as short
Lighter DOT	+0.0096%	1h	1.1654	−0.016%	$244K	$674K	10x	as long as short
Hyperliquid DOT	+0.0100%	1h	1.1660	+0.039%	$5.5M	$4.6M	10x	as long as short
Aster DOTUSDT	+0.0100%	8h	1.1660	+0.038%	$841K	$608K	50x	as long as short
Binance DOTUSDT	+0.0100%	8h	1.1657	+0.014%	$42.4M	$89.1M	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	1.1647	−0.072%	$23.6M	$20.4M	75x	as long as short
OKX DOT-USDT-SWAP	+0.0100%	8h	1.1649	−0.055%	$9.0M	$25.5M	50x	as long as short
Gate DOT_USDT	+0.0100%	8h	1.1660	+0.039%	$6.5M	$13.1M	75x	as long as short
MEXC DOT_USDT	+0.0100%	8h	1.1653	−0.021%	$28.7M	$64.2M	300x	as long as short
KuCoin DOTUSDTM	+0.0100%	8h	1.1660	+0.039%	$6.2M	$9.4M	75x	as long as short
Bitget DOTUSDT	+0.0100%	8h	1.1660	+0.039%	$22.4M	$14.5M	75x	as long as short
BingX DOT-USDT	+0.0100%	8h	1.1658	+0.022%	—	$9.5M	—	as long as short
Backpack DOT_USDC_PERP	+0.0100%	1h	1.1658	+0.022%	$86K	$132K	10x	as long as short
Variational Omni DOT	+0.0100%	8h	1.1636	−0.163%	$530K	$50K	—	as long as short
edgeX DOTUSDC	+0.0100%	4h	1.1639	−0.145%	$34K	$336K	20x	as long as short
GRVT DOT_USDT_Perp	+0.0100%	8h	1.1639	−0.139%	$228K	$437K	10x	as long as short
Orderly PERP_DOT_USDC	+0.0100%	8h	1.1660	+0.039%	$8K	$19K	10x	as long as short
SunX DOT-USDT	+0.0100%	8h	1.1671	+0.134%	$2K	$1.4M	20x	as long as short
HTX DOT-USDTshort	+0.0100%	8h	1.1641	−0.124%	$262K	$283K	75x
Extended DOT-USD	+0.0104%	1h	1.1653	−0.019%	$16K	$275K	25x	as long as short
Phemex DOTUSDT	+0.0203%	8h	1.1670	+0.125%	$2.4M	$2.2M	50x	as long as short
BloFin DOT-USDT	+0.0220%	8h	1.1657	+0.014%	$1.9M	$897K	75x	as long as short
GMX DOT/USD [WBTC.b-USDC]	L +0.0291% / S −0.0937%	1h	1.1654	−0.008%	$20K	—	100x	as long as short
Kraken Futures PF_DOTUSD	+0.0338%	1h	1.1662	+0.058%	$4.4M	$1.5M	50x	as long as short