Funding arb · Price arb /

DOT

all DOT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0266%/8h= +29.2% APRpaid last 24h +0.076%

Price spread now: Bybit against Reya−0.115%46s7-day average — · you buy dearer than you sell

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

Long on Reya Short on Bybit

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—+ Points / potential airdropReya: Active · farm boardneeds both histories

Funding pays, the price is against you. Bybit is 0.115% cheaper against Reya than usual: you would sell low and buy high (spread −0.115% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$12 on $10k: about 35 hours of funding at the current rate (+$8 a day). The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya DOTRUSDPERP	1.1899	−0.0166	get 0.0021% / 1h	21m 42s	$257	—	—
Short	Bybit DOTUSDT	1.1885	0.0100	get 0.0100% / 8h	4h 21m	$24.4M	$18.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Reya. 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 ReyabpFee BybitbpOrdersPrice spread, now −0.115%Rate

Funding earned: $55.92
Price spread: −0.115% → 0.000%: −$11.54
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: $27.38
Costs to cover: 0.170%
Break-even: 3.6 days

Slippage unknown: Reya: no order-book sample; Bybit: live order book, 2 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 Reya no order-book sample	—	—	—	—	—
Sell Bybit live order book, 2 min ago	0.42 bp	10.6 bp −$11	21.8 bp −$218	70.1 bp −$7,013	doesn't fit

Reya: 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	−0.1677%	1h	1.1914	+0.128%	$229K	$116K	50x	as long as short
Coinbase International DOT-PERP-INTX	−0.0608%	1h	1.1910	+0.095%	$196K	$1.9M	50x	as long as short
Reya DOTRUSDPERPlong	−0.0166%	1h	1.1899	long leg	$257	—	—
dYdX DOT-USD	0.0000%	1h	1.1899	0.000%	$143K	$6K	10x	as long as short
gTrade (Gains Network) DOT/USD	L 0.0000% / S +0.0004%	1h	1.1905	+0.053%	$3K	—	150x	as long as short
Injective DOT/USDC PERP	+0.0033%	1h	1.2020	+1.019%	$328	$121K	12x	as long as short
Lighter DOT	+0.0096%	1h	1.1898	−0.006%	$269K	$634K	10x	as long as short
OKX DOT-USDT-SWAP	+0.0099%	8h	1.1880	−0.157%	$9.4M	$24.4M	50x	as long as short
Hyperliquid DOT	+0.0100%	1h	1.1899	+0.002%	$5.4M	$3.4M	10x	as long as short
Aster DOTUSDT	+0.0100%	8h	1.1907	+0.070%	$860K	$581K	50x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance DOTUSDT	+0.0100%	8h	1.1893	−0.052%	$43.8M	$85.1M	75x	as long as short
Bybit DOTUSDTshort	+0.0100%	8h	1.1885	−0.115%	$24.4M	$18.9M	75x
Gate DOT_USDT	+0.0100%	8h	1.1900	+0.011%	$6.6M	$11.9M	75x	as long as short
MEXC DOT_USDT	+0.0100%	8h	1.1893	−0.048%	$28.3M	$52.8M	300x	as long as short
KuCoin DOTUSDTM	+0.0100%	8h	1.1899	+0.002%	$6.5M	$9.2M	75x	as long as short
Bitget DOTUSDT	+0.0100%	8h	1.1890	−0.073%	$22.7M	$14.7M	75x	as long as short
BingX DOT-USDC	+0.0100%	8h	1.1902	+0.028%	—	$1.3M	—	as long as short
Backpack DOT_USDC_PERP	+0.0100%	1h	1.1891	−0.065%	$93K	$130K	10x	as long as short
Variational Omni DOT	+0.0100%	8h	1.1888	−0.088%	$541K	$58K	—	as long as short
edgeX DOTUSDC	+0.0100%	4h	1.1903	+0.037%	$35K	$334K	20x	as long as short
GRVT DOT_USDT_Perp	+0.0100%	8h	1.1900	+0.012%	$237K	$420K	10x	as long as short
Orderly PERP_DOT_USDC	+0.0100%	8h	1.1900	+0.011%	$8K	$24K	10x	as long as short
SunX DOT-USDT	+0.0100%	8h	1.1922	+0.196%	$1K	$1.3M	20x	as long as short
HTX DOT-USDT	+0.0100%	8h	1.1888	−0.090%	$258K	$242K	75x	as long as short
Extended DOT-USD	+0.0104%	1h	1.1891	−0.066%	$17K	$304K	25x	as long as short
Phemex DOTUSDT	+0.0145%	8h	1.1910	+0.095%	$2.3M	$2.2M	50x	as long as short
Kraken Futures PF_DOTUSD	+0.0213%	1h	1.1909	+0.089%	$4.4M	$1.5M	50x	as long as short
BloFin DOT-USDT	+0.0220%	8h	1.1900	+0.011%	$2.2M	$906K	75x	as long as short
GMX DOT/USD [WBTC.b-USDC]	L +0.0302% / S −0.1012%	1h	1.1904	+0.048%	$22K	—	100x	as long as short