Funding arb · Price arb /

DOT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.030%

Price spread now: BingX against gTrade (Gains Network)−0.307%7-day average — · you buy dearer than you sell

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

Long on gTrade (Gains Network)Short on BingX

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—needs both histories

Funding pays, the price is against you. BingX is 0.307% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.307% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$31 on $10k: about 10 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) DOT/USD	1.1929	L 0.0000% / S +0.0004%	pay 0.0000% / 1h	9m 56s	$5K	—	150x
Short	BingX DOT-USDC	1.1892	0.0100	get 0.0100% / 8h	2h 09m	—	$1.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee BingXbpOrdersPrice spread, now −0.307%Rate

Funding earned: $20.9
Price spread: −0.307% → 0.000%: −$30.68
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$29.78
Costs to cover: 0.200%
Break-even: 17.0 days

Slippage unknown: gTrade (Gains Network): no order-book sample; BingX: live order book, 5 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell BingX live order book, 5 min ago	2.93 bp	100.1 bp −$100	1286.1 bp −$12.9K	1551.5 bp −$155.1K	doesn't fit

gTrade (Gains Network): 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	−0.0754%	1h	1.1935	+0.054%	$218K	$118K	50x	as long as short
Reya DOTRUSDPERP	−0.0166%	1h	1.1921	−0.060%	$258	—	—	as long as short
Kraken Futures PF_DOTUSD	−0.0128%	1h	1.1933	+0.040%	$4.5M	$1.3M	50x	as long as short
Injective DOT/USDC PERP	−0.0080%	1h	1.2020	+0.766%	$328	$121K	12x	as long as short
Coinbase International DOT-PERP-INTX	−0.0064%	1h	1.1960	+0.263%	$186K	$1.8M	50x	as long as short
OKX DOT-USDT-SWAP	−0.0025%	8h	1.1891	−0.315%	$9.4M	$23.3M	50x	as long as short
dYdX DOT-USD	0.0000%	1h	1.1923	−0.044%	$144K	$6K	10x	as long as short
gTrade (Gains Network) DOT/USDlong	L 0.0000% / S +0.0004%	1h	1.1929	long leg	$5K	—	150x
KuCoin DOTUSDTM	+0.0017%	8h	1.1904	−0.206%	$6.7M	$8.7M	75x	as long as short
Binance DOTUSDT	+0.0077%	8h	1.1899	−0.244%	$43.9M	$80.9M	75x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended DOT-USD	+0.0080%	1h	1.1893	−0.294%	$15K	$240K	25x	as long as short
MEXC DOT_USDT	+0.0080%	8h	1.1903	−0.215%	$34.8M	$35.8M	300x	as long as short
Lighter DOT	+0.0096%	1h	1.1925	−0.027%	$250K	$609K	10x	as long as short
Hyperliquid DOT	+0.0100%	1h	1.1907	−0.178%	$5.3M	$3.2M	10x	as long as short
Aster DOTUSDT	+0.0100%	8h	1.1928	−0.001%	$886K	$649K	50x	as long as short
Bybit DOTUSDT	+0.0100%	8h	1.1893	−0.298%	$24.3M	$17.9M	75x	as long as short
Gate DOT_USDT	+0.0100%	8h	1.1900	−0.240%	$6.8M	$11.5M	75x	as long as short
Bitget DOTUSDT	+0.0100%	8h	1.1893	−0.298%	$22.7M	$14.0M	75x	as long as short
BingX DOT-USDCshort	+0.0100%	8h	1.1892	−0.307%	—	$1.3M	—
Backpack DOT_USDC_PERP	+0.0100%	1h	1.1926	−0.022%	$99K	$127K	10x	as long as short
Variational Omni DOT	+0.0100%	8h	1.1903	−0.217%	$542K	$91K	—	as long as short
edgeX DOTUSDC	+0.0100%	4h	1.1955	+0.219%	$35K	$334K	20x	as long as short
GRVT DOT_USDT_Perp	+0.0100%	8h	1.1930	+0.011%	$231K	$469K	10x	as long as short
Orderly PERP_DOT_USDC	+0.0100%	8h	1.1920	−0.072%	$8K	$25K	10x	as long as short
SunX DOT-USDT	+0.0100%	8h	1.1940	+0.096%	$2K	$1.2M	20x	as long as short
HTX DOT-USDT	+0.0100%	8h	1.1901	−0.231%	$245K	$219K	75x	as long as short
BloFin DOT-USDT	+0.0201%	8h	1.1900	−0.240%	$2.3M	$758K	75x	as long as short
GMX DOT/USD [WBTC.b-USDC]	L +0.0297% / S −0.0774%	1h	1.1931	+0.021%	$22K	—	100x	as long as short
Phemex DOTUSDT	+0.0346%	8h	1.1940	+0.096%	$2.2M	$2.1M	50x	as long as short