Funding arb · Price arb /

DOT

all DOT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.030%

Price spread now: Orderly against gTrade (Gains Network)−0.097%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 Orderly

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. Orderly is 0.097% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.097% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$10 on $10k: about 3.2 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	1.1911	L 0.0000% / S +0.0004%	pay 0.0000% / 1h	7m 55s	$3K	—	150x
Short	Orderly PERP_DOT_USDC	1.1900	0.0100	get 0.0100% / 8h	5h 07m	$8K	$24K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now −0.097%Rate

Funding earned: $20.9
Price spread: −0.097% → 0.000%: −$9.65
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$4.75
Costs to cover: 0.160%
Break-even: 8.6 days

Slippage unknown: gTrade (Gains Network): no order-book sample; Orderly: 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell Orderly no order-book sample	—	—	—	—	—

gTrade (Gains Network) and Orderly: 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	−0.2178%	1h	1.1915	+0.029%	$227K	$115K	50x	as long as short
Coinbase International DOT-PERP-INTX	−0.0376%	1h	1.1920	+0.071%	$196K	$2.0M	50x	as long as short
Reya DOTRUSDPERP	−0.0166%	1h	1.1899	−0.102%	$258	—	—	as long as short
dYdX DOT-USD	0.0000%	1h	1.1905	−0.055%	$143K	$6K	10x	as long as short
gTrade (Gains Network) DOT/USDlong	L 0.0000% / S +0.0004%	1h	1.1911	long leg	$3K	—	150x
Injective DOT/USDC PERP	+0.0033%	1h	1.2020	+0.911%	$328	$121K	12x	as long as short
Lighter DOT	+0.0096%	1h	1.1914	+0.019%	$270K	$632K	10x	as long as short
Hyperliquid DOT	+0.0100%	1h	1.1903	−0.071%	$5.3M	$3.5M	10x	as long as short
Aster DOTUSDT	+0.0100%	8h	1.1922	+0.085%	$861K	$709K	50x	as long as short
Binance DOTUSDT	+0.0100%	8h	1.1903	−0.071%	$43.7M	$85.3M	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	1.1903	−0.071%	$24.5M	$19.1M	75x	as long as short
OKX DOT-USDT-SWAP	+0.0100%	8h	1.1903	−0.071%	$9.3M	$24.1M	50x	as long as short
Gate DOT_USDT	+0.0100%	8h	1.1900	−0.097%	$6.7M	$11.9M	75x	as long as short
MEXC DOT_USDT	+0.0100%	8h	1.1905	−0.055%	$33.9M	$50.3M	300x	as long as short
KuCoin DOTUSDTM	+0.0100%	8h	1.1906	−0.046%	$6.5M	$9.2M	75x	as long as short
Bitget DOTUSDT	+0.0100%	8h	1.1900	−0.097%	$22.7M	$14.9M	75x	as long as short
BingX DOT-USDT	+0.0100%	8h	1.1901	−0.088%	—	$29.7M	—	as long as short
Backpack DOT_USDC_PERP	+0.0100%	1h	1.1905	−0.055%	$93K	$131K	10x	as long as short
Variational Omni DOT	+0.0100%	8h	1.1929	+0.148%	$542K	$58K	—	as long as short
edgeX DOTUSDC	+0.0100%	4h	1.1932	+0.170%	$35K	$334K	20x	as long as short
GRVT DOT_USDT_Perp	+0.0100%	8h	1.1937	+0.214%	$227K	$416K	10x	as long as short
Orderly PERP_DOT_USDCshort	+0.0100%	8h	1.1900	−0.097%	$8K	$24K	10x
SunX DOT-USDT	+0.0100%	8h	1.1922	+0.088%	$2K	$1.3M	20x	as long as short
HTX DOT-USDT	+0.0100%	8h	1.1921	+0.080%	$259K	$242K	75x	as long as short
Extended DOT-USD	+0.0104%	1h	1.1899	−0.107%	$14K	$305K	25x	as long as short
BloFin DOT-USDT	+0.0220%	8h	1.1917	+0.046%	$2.2M	$870K	75x	as long as short
Phemex DOTUSDT	+0.0261%	8h	1.1920	+0.071%	$2.3M	$2.2M	50x	as long as short
GMX DOT/USD [WBTC.b-USDC]	L +0.0302% / S −0.1012%	1h	1.1911	−0.003%	$22K	—	100x	as long as short
Kraken Futures PF_DOTUSD	+0.0411%	1h	1.1915	+0.025%	$4.4M	$1.5M	50x	as long as short