Funding arb · Price arb /

DOT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0280%/8h= −30.6% APRpaid last 24h −0.063%

Price spread now: KuCoin against GMX+0.062%7-day average — · you sell dearer than you buy

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

Long on GMX Short on KuCoin

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

The price spread pays, funding is against you. KuCoin is 0.062% dearer against GMX than usual: you sell high and buy low (spread +0.062% now, against zero (this spread has no 7-day history yet)): +$6 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 18 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX DOT/USD [WBTC.b-USDC]	1.1930	L +0.0303% / S −0.1025%	pay 0.0038% / 1h	47m 18s	$22K	—	100x
Short	KuCoin DOTUSDTM	1.1937	0.0023	get 0.0023% / 8h	1h 47m	$6.8M	$8.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against GMX. 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 GMXbpFee KuCoinbpOrdersPrice spread, now +0.062%Rate

Funding earned: −$58.73
Price spread: +0.062% → 0.000%: $6.23
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$76.51
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; KuCoin: live order book, 1 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 GMX no order-book sample	—	—	—	—	—
Sell KuCoin live order book, 1 min ago	2.51 bp	22.0 bp −$22	46.0 bp −$460	doesn't fit	doesn't fit

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 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	−0.0671%	1h	1.1936	+0.054%	$218K	$117K	50x	as long as short
Reya DOTRUSDPERP	−0.0166%	1h	1.1932	+0.018%	$258	—	—	as long as short
Coinbase International DOT-PERP-INTX	−0.0128%	1h	1.1930	+0.004%	$183K	$1.8M	50x	as long as short
Kraken Futures PF_DOTUSD	−0.0054%	1h	1.1934	+0.038%	$4.5M	$1.3M	50x	as long as short
Injective DOT/USDC PERP	−0.0040%	1h	1.2020	+0.758%	$328	$121K	12x	as long as short
OKX DOT-USDT-SWAP	−0.0032%	8h	1.1923	−0.055%	$9.4M	$23.4M	50x	as long as short
dYdX DOT-USD	0.0000%	1h	1.1937	+0.061%	$144K	$6K	10x	as long as short
gTrade (Gains Network) DOT/USD	L 0.0000% / S +0.0004%	1h	1.1931	+0.012%	$5K	—	150x	as long as short
KuCoin DOTUSDTMshort	+0.0023%	8h	1.1937	+0.062%	$6.8M	$8.6M	75x
MEXC DOT_USDT	+0.0063%	8h	1.1930	+0.004%	$36.5M	$36.0M	300x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended DOT-USD	+0.0064%	1h	1.1919	−0.084%	$15K	$235K	25x	as long as short
Binance DOTUSDT	+0.0066%	8h	1.1936	+0.057%	$43.9M	$80.6M	75x	as long as short
Lighter DOT	+0.0096%	1h	1.1939	+0.081%	$250K	$593K	10x	as long as short
Hyperliquid DOT	+0.0100%	1h	1.1943	+0.113%	$5.3M	$3.2M	10x	as long as short
Aster DOTUSDT	+0.0100%	8h	1.1939	+0.083%	$887K	$649K	50x	as long as short
Bybit DOTUSDT	+0.0100%	8h	1.1919	−0.089%	$24.4M	$17.9M	75x	as long as short
Gate DOT_USDT	+0.0100%	8h	1.1930	+0.004%	$6.8M	$11.4M	75x	as long as short
Bitget DOTUSDT	+0.0100%	8h	1.1930	+0.004%	$22.8M	$14.0M	75x	as long as short
BingX DOT-USDC	+0.0100%	8h	1.1925	−0.038%	—	$1.3M	—	as long as short
Backpack DOT_USDC_PERP	+0.0100%	1h	1.1936	+0.054%	$99K	$127K	10x	as long as short
Variational Omni DOT	+0.0100%	8h	1.1914	−0.126%	$543K	$69K	—	as long as short
edgeX DOTUSDC	+0.0100%	4h	1.1920	−0.079%	$35K	$333K	20x	as long as short
GRVT DOT_USDT_Perp	+0.0100%	8h	1.1924	−0.048%	$231K	$456K	10x	as long as short
Orderly PERP_DOT_USDC	+0.0100%	8h	1.1930	+0.004%	$8K	$24K	10x	as long as short
SunX DOT-USDT	+0.0100%	8h	1.1954	+0.205%	$2K	$1.2M	20x	as long as short
HTX DOT-USDT	+0.0100%	8h	1.1922	−0.063%	$246K	$219K	75x	as long as short
BloFin DOT-USDT	+0.0181%	8h	1.1928	−0.013%	$2.2M	$758K	75x	as long as short
GMX DOT/USD [WBTC.b-USDC]long	L +0.0303% / S −0.1025%	1h	1.1930	long leg	$22K	—	100x
Phemex DOTUSDT	+0.0336%	8h	1.1940	+0.087%	$2.2M	$2.1M	50x	as long as short