Funding arb · Price arb /

DOT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.024%

Price spread now: Orderly against Injective−2.829%7-day average — · you buy dearer than you sell

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

Long on Injective Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 5 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 2.829% cheaper against Injective than usual: you would sell low and buy high (spread −2.829% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$283 on $10k: about 5 months of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective DOT/USDC PERP	1.2020	0.0033	pay 0.0004% / 1h	48m 44s	$328	$121K	12x
Short	Orderly PERP_DOT_USDC	1.1680	0.0100	get 0.0100% / 8h	7h 48m	$8K	$19K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against Injective. 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 InjectivebpFee OrderlybpOrdersPrice spread, now −2.829%Rate

Funding earned: $14
Price spread: −2.829% → 0.000%: −$282.86
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$274.88
Costs to cover: 0.060%
Break-even: 144.4 days

Slippage unknown: Injective: 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 Injective no order-book sample	—	—	—	—	—
Sell Orderly no order-book sample	—	—	—	—	—

Injective 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	−0.2564%	1h	1.1696	−2.696%	$250K	$164K	50x	as long as short
Reya DOTRUSDPERP	−0.0166%	1h	1.1683	−2.804%	$253	—	—	as long as short
dYdX DOT-USD	0.0000%	1h	1.1696	−2.696%	$141K	$6K	10x	as long as short
gTrade (Gains Network) DOT/USD	L 0.0000% / S +0.0004%	1h	1.1681	−2.818%	$3K	—	150x	as long as short
Injective DOT/USDC PERPlong	+0.0033%	1h	1.2020	long leg	$328	$121K	12x
Coinbase International DOT-PERP-INTX	+0.0072%	1h	1.1680	−2.829%	$170K	$2.0M	50x	as long as short
Lighter DOT	+0.0096%	1h	1.1694	−2.709%	$245K	$671K	10x	as long as short
Hyperliquid DOT	+0.0100%	1h	1.1692	−2.729%	$5.5M	$4.6M	10x	as long as short
Aster DOTUSDT	+0.0100%	8h	1.1682	−2.811%	$844K	$621K	50x	as long as short
Binance DOTUSDT	+0.0100%	8h	1.1690	−2.748%	$42.6M	$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	1.1686	−2.779%	$23.8M	$20.5M	75x	as long as short
OKX DOT-USDT-SWAP	+0.0100%	8h	1.1688	−2.762%	$9.0M	$25.5M	50x	as long as short
Gate DOT_USDT	+0.0100%	8h	1.1690	−2.745%	$6.6M	$11.8M	75x	as long as short
MEXC DOT_USDT	+0.0100%	8h	1.1692	−2.729%	$30.2M	$64.5M	300x	as long as short
KuCoin DOTUSDTM	+0.0100%	8h	1.1691	−2.737%	$6.2M	$9.4M	75x	as long as short
Bitget DOTUSDT	+0.0100%	8h	1.1688	−2.762%	$22.5M	$14.5M	75x	as long as short
BingX DOT-USDT	+0.0100%	8h	1.1689	−2.754%	—	$9.5M	—	as long as short
Backpack DOT_USDC_PERP	+0.0100%	1h	1.1690	−2.745%	$86K	$133K	10x	as long as short
Variational Omni DOT	+0.0100%	8h	1.1678	−2.849%	$531K	$50K	—	as long as short
edgeX DOTUSDC	+0.0100%	4h	1.1656	−3.025%	$34K	$335K	20x	as long as short
GRVT DOT_USDT_Perp	+0.0100%	8h	1.1647	−3.099%	$229K	$429K	10x	as long as short
Orderly PERP_DOT_USDCshort	+0.0100%	8h	1.1680	−2.829%	$8K	$19K	10x
SunX DOT-USDT	+0.0100%	8h	1.1698	−2.679%	$2K	$1.4M	20x	as long as short
HTX DOT-USDT	+0.0100%	8h	1.1664	−2.962%	$263K	$283K	75x	as long as short
Extended DOT-USD	+0.0104%	1h	1.1684	−2.795%	$16K	$273K	25x	as long as short
BloFin DOT-USDT	+0.0220%	8h	1.1680	−2.829%	$1.9M	$899K	75x	as long as short
Phemex DOTUSDT	+0.0231%	8h	1.1690	−2.745%	$2.4M	$2.2M	50x	as long as short
Kraken Futures PF_DOTUSD	+0.0244%	1h	1.1693	−2.725%	$4.4M	$1.5M	50x	as long as short
GMX DOT/USD [WBTC.b-USDC]	L +0.0291% / S −0.0937%	1h	1.1683	−2.806%	$20K	—	100x	as long as short