Funding arb · Price arb /

DOT

all DOT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.1254%/8h= −137.3% APRpaid last 24h −0.143%

Price spread now: Deribit against MEXC−0.008%7-day average +0.063% · you buy dearer than you sell

Net, funding: paid 7d − costs−$106as in the Funding arb table

Net, price: spread back to 7d avg − costs−$37as in the Price arb table

costs, in and out, $10k−$300.296% of the position

Long on MEXC Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.769%−$77 on $10k

Price spread, last 3 days (all we have)+0.004%$0 · spread now −0.008%, 7d avg +0.063%

Together, before fees−0.765%−$77 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$38 a day on $10k at the current rate, and Deribit is 0.071% cheaper against MEXC than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.063%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.769% in total (about -40.1% 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	MEXC DOT_USDT	1.2089	0.0100	pay 0.0100% / 8h	22m 53s	$32.6M	$40.3M	300x
Short	Deribit DOT_USDC-PERPETUAL	1.2088	−0.1154	pay 0.0144% / 1h	22m 53s	$221K	$117K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against MEXC. 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 MEXCbpFee DeribitbpOrdersPrice spread, now −0.008%Rate

Funding earned: −$263.34
Price spread: −0.008% → +0.063%: −$7.1
Slippage, 4 orders: −$22.6
Fee MEXC: 0 bp × 2 orders: $0
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$300.04
Costs to cover: 0.296%
Break-even: never at this rate

Slippage from MEXC: live order book, 1 min ago; Deribit: live order book, 56 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 MEXC live order book, 1 min ago	0.83 bp	0.8 bp −$1	4.9 bp −$49	42.8 bp −$4,279	81.5 bp −$40.8K
Sell Deribit live order book, 56 min ago	3.72 bp	13.8 bp −$14	23.9 bp −$239	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	−0.1154%	1h	1.2088	−0.008%	$221K	$117K	50x
Reya DOTRUSDPERP	−0.0166%	1h	1.2070	−0.159%	$261	—	—	as long as short
Coinbase International DOT-PERP-INTX	−0.0056%	1h	1.2080	−0.074%	$207K	$1.8M	50x	as long as short
dYdX DOT-USD	0.0000%	1h	1.2075	−0.113%	$145K	$6K	10x	as long as short
gTrade (Gains Network) DOT/USD	L 0.0000% / S +0.0004%	1h	1.2078	−0.093%	$5K	—	150x	as long as short
OKX DOT-USDT-SWAP	+0.0016%	8h	1.2088	−0.008%	$9.5M	$24.2M	50x	as long as short
Kraken Futures PF_DOTUSD	+0.0032%	1h	1.2096	+0.055%	$4.5M	$1.4M	50x	as long as short
Injective DOT/USDC PERP	+0.0033%	1h	1.2020	−0.571%	$328	$121K	12x	as long as short
KuCoin DOTUSDTM	+0.0055%	8h	1.2083	−0.050%	$6.7M	$8.9M	75x	as long as short
Lighter DOT	+0.0096%	1h	1.2090	+0.005%	$246K	$605K	10x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid DOT	+0.0100%	1h	1.2086	−0.025%	$5.4M	$3.4M	10x	as long as short
Aster DOTUSDT	+0.0100%	8h	1.2087	−0.014%	$880K	$691K	50x	as long as short
Binance DOTUSDT	+0.0100%	8h	1.2090	+0.008%	$44.8M	$82.9M	75x	as long as short
Bybit DOTUSDT	+0.0100%	8h	1.2084	−0.041%	$24.9M	$18.6M	75x	as long as short
Gate DOT_USDT	+0.0100%	8h	1.2090	+0.008%	$6.8M	$11.8M	75x	as long as short
MEXC DOT_USDTlong	+0.0100%	8h	1.2089	long leg	$32.6M	$40.3M	300x
Bitget DOTUSDT	+0.0100%	8h	1.2081	−0.066%	$23.1M	$14.7M	75x	as long as short
BingX DOT-USDC	+0.0100%	8h	1.2087	−0.017%	—	$1.3M	—	as long as short
Backpack DOT_USDC_PERP	+0.0100%	1h	1.2085	−0.033%	$97K	$132K	10x	as long as short
Variational Omni DOT	+0.0100%	8h	1.2118	+0.241%	$551K	$61K	—	as long as short
edgeX DOTUSDC	+0.0100%	4h	1.2091	+0.013%	$35K	$333K	20x	as long as short
GRVT DOT_USDT_Perp	+0.0100%	8h	1.2116	+0.225%	$235K	$457K	10x	as long as short
Orderly PERP_DOT_USDC	+0.0100%	8h	1.2080	−0.074%	$8K	$23K	10x	as long as short
SunX DOT-USDT	+0.0100%	8h	1.2090	+0.008%	$2K	$1.3M	20x	as long as short
HTX DOT-USDT	+0.0100%	8h	1.2086	−0.025%	$249K	$220K	75x	as long as short
Extended DOT-USD	+0.0104%	1h	1.2076	−0.111%	$15K	$235K	25x	as long as short
BloFin DOT-USDT	+0.0220%	8h	1.2087	−0.017%	$2.3M	$787K	75x	as long as short
Phemex DOTUSDT	+0.0301%	8h	1.2100	+0.091%	$2.3M	$2.1M	50x	as long as short
GMX DOT/USD [WBTC.b-USDC]	L +0.0303% / S −0.1012%	1h	1.2080	−0.074%	$22K	—	100x	as long as short