Funding arb · Price arb /

DOT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0156%/8h= +17.1% APRpaid last 24h +0.081%

Price spread now: Bitget against Coinbase International−0.083%7-day average −0.021% · you buy dearer than you sell

Net, funding: paid 7d − costs−$34as in the Funding arb table

Net, price: spread back to 7d avg − costs−$66as in the Price arb table

costs, in and out, $10k−$600.602% of the position

Long on Coinbase International Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.263%+$26 on $10k

Price spread, last 3 days (all we have)+0.107%+$11 · spread now −0.083%, 7d avg −0.021%

Together, before fees+0.370%+$37 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bitget is 0.062% cheaper against Coinbase International than usual: you would sell low and buy high (spread −0.083% now, against its 7-day average of −0.021%). If the spread goes back, that is −$6 on $10k: about 32 hours of funding at the current rate (+$5 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International DOT-PERP-INTX	1.2060	−0.0056	get 0.0007% / 1h	4m 18s	$207K	$1.8M	50x
Short	Bitget DOTUSDT	1.2050	0.0100	get 0.0100% / 8h	4m 18s	$23.1M	$14.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Coinbase International. 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 Coinbase InternationalbpFee BitgetbpOrdersPrice spread, now −0.083%Rate

Funding earned: $32.76
Price spread: −0.083% → −0.021%: −$6.16
Slippage, 4 orders: −$38.23
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$33.63
Costs to cover: 0.602%
Break-even: 14.2 days

Slippage from Coinbase International: live order book, 4 min ago; Bitget: live order book, 4 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 Coinbase International live order book, 4 min ago	8.31 bp	21.5 bp −$22	26.4 bp −$264	doesn't fit	doesn't fit
Sell Bitget live order book, 4 min ago	4.16 bp	10.2 bp −$10	21.5 bp −$215	62.0 bp −$6,196	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
Reya DOTRUSDPERP	−0.0166%	1h	1.2047	−0.109%	$261	—	—	as long as short
Coinbase International DOT-PERP-INTXlong	−0.0056%	1h	1.2060	long leg	$207K	$1.8M	50x
dYdX DOT-USD	0.0000%	1h	1.2057	−0.024%	$145K	$6K	10x	as long as short
Deribit DOT_USDC-PERPETUAL	0.0000%	1h	1.2063	+0.025%	$220K	$116K	50x	as long as short
gTrade (Gains Network) DOT/USD	L 0.0000% / S +0.0004%	1h	1.2059	−0.008%	$5K	—	150x	as long as short
OKX DOT-USDT-SWAP	+0.0012%	8h	1.2046	−0.116%	$9.5M	$24.1M	50x	as long as short
Kraken Futures PF_DOTUSD	+0.0032%	1h	1.2060	−0.004%	$4.5M	$1.4M	50x	as long as short
Injective DOT/USDC PERP	+0.0033%	1h	1.2020	−0.332%	$328	$121K	12x	as long as short
KuCoin DOTUSDTM	+0.0053%	8h	1.2050	−0.083%	$6.6M	$9.0M	75x	as long as short
Lighter DOT	+0.0096%	1h	1.2050	−0.081%	$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
Variational Omni DOT	+0.0097%	8h	1.1998	−0.515%	$546K	$61K	—	as long as short
Hyperliquid DOT	+0.0100%	1h	1.2056	−0.033%	$5.3M	$3.5M	10x	as long as short
Aster DOTUSDT	+0.0100%	8h	1.2059	−0.009%	$878K	$691K	50x	as long as short
Binance DOTUSDT	+0.0100%	8h	1.2051	−0.075%	$44.4M	$83.3M	75x	as long as short
Bybit DOTUSDT	+0.0100%	8h	1.2044	−0.133%	$24.8M	$18.6M	75x	as long as short
Gate DOT_USDT	+0.0100%	8h	1.2060	0.000%	$6.8M	$11.9M	75x	as long as short
MEXC DOT_USDT	+0.0100%	8h	1.2048	−0.100%	$33.8M	$41.1M	300x	as long as short
Bitget DOTUSDTshort	+0.0100%	8h	1.2050	−0.083%	$23.1M	$14.8M	75x
BingX DOT-USDT	+0.0100%	8h	1.2046	−0.116%	—	$28.6M	—	as long as short
Backpack DOT_USDC_PERP	+0.0100%	1h	1.2050	−0.083%	$96K	$131K	10x	as long as short
edgeX DOTUSDC	+0.0100%	4h	1.2019	−0.338%	$35K	$333K	20x	as long as short
GRVT DOT_USDT_Perp	+0.0100%	8h	1.2044	−0.130%	$233K	$457K	10x	as long as short
Orderly PERP_DOT_USDC	+0.0100%	8h	1.2050	−0.083%	$8K	$23K	10x	as long as short
SunX DOT-USDT	+0.0100%	8h	1.2070	+0.083%	$2K	$1.3M	20x	as long as short
HTX DOT-USDT	+0.0100%	8h	1.2008	−0.431%	$248K	$220K	75x	as long as short
Extended DOT-USD	+0.0104%	1h	1.2043	−0.138%	$15K	$236K	25x	as long as short
BloFin DOT-USDT	+0.0220%	8h	1.2038	−0.182%	$2.3M	$784K	75x	as long as short
Phemex DOTUSDT	+0.0282%	8h	1.2070	+0.083%	$2.3M	$2.1M	50x	as long as short
GMX DOT/USD [WBTC.b-USDC]	L +0.0302% / S −0.1012%	1h	1.2060	−0.001%	$22K	—	100x	as long as short