Funding arb · Price arb /

DOT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0708%/8h= −77.5% APRpaid last 24h −0.082%

Price spread now: Coinbase International against Aster+0.214%7-day average +0.022% · you sell dearer than you buy

Net, funding: paid 7d − costs−$89as in the Funding arb table

Net, price: spread back to 7d avg − costs−$43as in the Price arb table

costs, in and out, $10k−$620.624% of the position

Long on Aster Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.265%−$27 on $10k

Price spread, last 4 days (all we have)−0.343%−$34 · spread now +0.214%, 7d avg +0.022%

Together, before fees−0.608%+ Points / potential airdropAster: Stage 5 · farm board−$61 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Coinbase International is 0.192% dearer against Aster than usual: you sell high and buy low (spread +0.214% now, against its 7-day average of +0.022%): +$19 on $10k if it goes back. Holding the pair costs −$21 a day in funding at the current rate, which eats that in about 22 hours. At the pace of the last 7 days (−0.265% in total) that is about 5.1 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.265% in total (about -13.8% 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	Aster DOTUSDT	1.1855	0.0100	pay 0.0100% / 8h	4h 51m	$856K	$581K	50x
Short	Coinbase International DOT-PERP-INTX	1.1880	−0.0608	pay 0.0076% / 1h	51m 06s	$195K	$1.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Aster. 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 AsterbpFee Coinbase InternationalbpOrdersPrice spread, now +0.214%Rate

Funding earned: −$148.68
Price spread: +0.214% → +0.022%: $19.16
Slippage, 4 orders: −$44.44
Fee Aster: 4 bp × 2 orders: −$8
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$191.96
Costs to cover: 0.624%
Break-even: never at this rate

Slippage from Aster: live order book, 7 min ago; Coinbase International: live order book, 3 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 Aster live order book, 7 min ago	8.44 bp	12.4 bp −$12	70.4 bp −$704	doesn't fit	doesn't fit
Sell Coinbase International live order book, 3 min ago	4.21 bp	17.1 bp −$17	22.1 bp −$221	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-PERPETUAL	−0.2276%	1h	1.1847	−0.064%	$226K	$114K	50x	as long as short
Coinbase International DOT-PERP-INTXshort	−0.0608%	1h	1.1880	+0.214%	$195K	$1.9M	50x
Reya DOTRUSDPERP	−0.0166%	1h	1.1837	−0.152%	$256	—	—	as long as short
dYdX DOT-USD	0.0000%	1h	1.1847	−0.066%	$143K	$6K	10x	as long as short
gTrade (Gains Network) DOT/USD	L 0.0000% / S +0.0004%	1h	1.1841	−0.115%	$3K	—	150x	as long as short
Injective DOT/USDC PERP	+0.0033%	1h	1.2020	+1.395%	$328	$121K	12x	as long as short
Lighter DOT	+0.0096%	1h	1.1842	−0.107%	$267K	$632K	10x	as long as short
OKX DOT-USDT-SWAP	+0.0099%	8h	1.1837	−0.149%	$9.4M	$24.2M	50x	as long as short
Hyperliquid DOT	+0.0100%	1h	1.1840	−0.123%	$5.3M	$3.4M	10x	as long as short
Aster DOTUSDTlong	+0.0100%	8h	1.1855	long leg	$856K	$581K	50x

Show all 29 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance DOTUSDT	+0.0100%	8h	1.1849	−0.048%	$43.5M	$84.9M	75x	as long as short
Bybit DOTUSDT	+0.0100%	8h	1.1837	−0.149%	$24.4M	$18.9M	75x	as long as short
Gate DOT_USDT	+0.0100%	8h	1.1840	−0.123%	$6.7M	$11.7M	75x	as long as short
MEXC DOT_USDT	+0.0100%	8h	1.1840	−0.123%	$35.9M	$51.0M	300x	as long as short
KuCoin DOTUSDTM	+0.0100%	8h	1.1841	−0.115%	$6.5M	$9.1M	75x	as long as short
Bitget DOTUSDT	+0.0100%	8h	1.1833	−0.183%	$22.6M	$14.8M	75x	as long as short
BingX DOT-USDT	+0.0100%	8h	1.1839	−0.132%	—	$29.7M	—	as long as short
Backpack DOT_USDC_PERP	+0.0100%	1h	1.1839	−0.132%	$92K	$129K	10x	as long as short
Variational Omni DOT	+0.0100%	8h	1.1834	−0.170%	$539K	$58K	—	as long as short
edgeX DOTUSDC	+0.0100%	4h	1.1867	+0.105%	$35K	$334K	20x	as long as short
GRVT DOT_USDT_Perp	+0.0100%	8h	1.1868	+0.113%	$226K	$407K	10x	as long as short
Orderly PERP_DOT_USDC	+0.0100%	8h	1.1840	−0.123%	$8K	$24K	10x	as long as short
SunX DOT-USDT	+0.0100%	8h	1.1859	+0.037%	$2K	$1.3M	20x	as long as short
HTX DOT-USDT	+0.0100%	8h	1.1848	−0.056%	$258K	$242K	75x	as long as short
Extended DOT-USD	+0.0104%	1h	1.1832	−0.188%	$14K	$303K	25x	as long as short
Kraken Futures PF_DOTUSD	+0.0214%	1h	1.1844	−0.091%	$4.4M	$1.5M	50x	as long as short
Phemex DOTUSDT	+0.0217%	8h	1.1860	+0.045%	$2.3M	$2.2M	50x	as long as short
BloFin DOT-USDT	+0.0220%	8h	1.1837	−0.149%	$2.2M	$877K	75x	as long as short
GMX DOT/USD [WBTC.b-USDC]	L +0.0301% / S −0.1012%	1h	1.1842	−0.104%	$22K	—	100x	as long as short