Funding arb · Price arb /

DOT

all DOT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0964%/8h= +105.6% APRpaid last 24h +0.097%

Price spread now: Orderly against Coinbase International−0.085%7-day average — · you buy dearer than you sell

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

Long on Coinbase International 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 0.085% cheaper against Coinbase International than usual: you would sell low and buy high (spread −0.085% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$9 on $10k: about 7 hours of funding at the current rate (+$29 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International DOT-PERP-INTX	1.1720	−0.0864	get 0.0108% / 1h	15m 45s	$170K	$2.0M	50x
Short	Orderly PERP_DOT_USDC	1.1710	0.0100	get 0.0100% / 8h	2h 15m	$8K	$19K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now −0.085%Rate

Funding earned: $202.44
Price spread: −0.085% → 0.000%: −$8.53
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Orderly: 3 bp × 2 orders: −$6
Net: $177.91
Costs to cover: 0.160%
Break-even: 0.8 days

Slippage unknown: Coinbase International: live order book, 3 min ago; 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 Coinbase International live order book, 3 min ago	4.26 bp	17.7 bp −$18	22.8 bp −$228	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

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	−0.2813%	1h	1.1718	−0.017%	$236K	$136K	50x	as long as short
Coinbase International DOT-PERP-INTXlong	−0.0864%	1h	1.1720	long leg	$170K	$2.0M	50x
Reya DOTRUSDPERP	−0.0166%	1h	1.1712	−0.071%	$253	—	—	as long as short
dYdX DOT-USD	0.0000%	1h	1.1715	−0.046%	$141K	$6K	10x	as long as short
gTrade (Gains Network) DOT/USD	L 0.0000% / S +0.0004%	1h	1.1710	−0.085%	$3K	—	150x	as long as short
Injective DOT/USDC PERP	+0.0033%	1h	1.2020	+2.560%	$328	$121K	12x	as long as short
Kraken Futures PF_DOTUSD	+0.0092%	1h	1.1720	−0.002%	$4.4M	$1.4M	50x	as long as short
Lighter DOT	+0.0096%	1h	1.1719	−0.007%	$252K	$666K	10x	as long as short
Hyperliquid DOT	+0.0100%	1h	1.1723	+0.026%	$5.2M	$3.5M	10x	as long as short
Aster DOTUSDT	+0.0100%	8h	1.1698	−0.189%	$839K	$602K	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	1.1715	−0.043%	$42.7M	$87.6M	75x	as long as short
Bybit DOTUSDT	+0.0100%	8h	1.1711	−0.077%	$23.7M	$19.9M	75x	as long as short
OKX DOT-USDT-SWAP	+0.0100%	8h	1.1721	+0.009%	$9.2M	$25.3M	50x	as long as short
Gate DOT_USDT	+0.0100%	8h	1.1710	−0.085%	$6.7M	$12.6M	75x	as long as short
MEXC DOT_USDT	+0.0100%	8h	1.1715	−0.043%	$30.4M	$58.6M	300x	as long as short
KuCoin DOTUSDTM	+0.0100%	8h	1.1716	−0.034%	$6.2M	$9.4M	75x	as long as short
Bitget DOTUSDT	+0.0100%	8h	1.1712	−0.068%	$22.4M	$14.8M	75x	as long as short
BingX DOT-USDC	+0.0100%	8h	1.1717	−0.026%	—	$1.3M	—	as long as short
Backpack DOT_USDC_PERP	+0.0100%	1h	1.1713	−0.060%	$91K	$130K	10x	as long as short
Variational Omni DOT	+0.0100%	8h	1.1705	−0.132%	$533K	$51K	—	as long as short
edgeX DOTUSDC	+0.0100%	4h	1.1697	−0.195%	$34K	$336K	20x	as long as short
GRVT DOT_USDT_Perp	+0.0100%	8h	1.1730	+0.085%	$225K	$419K	10x	as long as short
Orderly PERP_DOT_USDCshort	+0.0100%	8h	1.1710	−0.085%	$8K	$19K	10x
SunX DOT-USDT	+0.0100%	8h	1.1731	+0.094%	$2K	$1.3M	20x	as long as short
HTX DOT-USDT	+0.0100%	8h	1.1710	−0.085%	$264K	$276K	75x	as long as short
Phemex DOTUSDT	+0.0100%	8h	1.1720	0.000%	$2.4M	$2.2M	50x	as long as short
Extended DOT-USD	+0.0104%	1h	1.1710	−0.086%	$13K	$245K	25x	as long as short
BloFin DOT-USDT	+0.0220%	8h	1.1720	0.000%	$2.1M	$910K	75x	as long as short
GMX DOT/USD [WBTC.b-USDC]	L +0.0291% / S −0.0937%	1h	1.1710	−0.087%	$20K	—	100x	as long as short