Funding arb · Price arb /

DOT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.026%

Price spread now: Bybit against gTrade (Gains Network)−0.135%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 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—needs both histories

Funding pays, the price is against you. Bybit is 0.135% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.135% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$13 on $10k: about 4.5 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	1.1781	L 0.0000% / S +0.0004%	pay 0.0000% / 1h	53m 42s	$3K	—	150x
Short	Bybit DOTUSDT	1.1765	0.0100	get 0.0100% / 8h	2h 53m	$24.0M	$19.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.135%Rate

Funding earned: $20.9
Price spread: −0.135% → 0.000%: −$13.5
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$13.59
Costs to cover: 0.210%
Break-even: 11.6 days

Slippage unknown: gTrade (Gains Network): no order-book sample; Bybit: 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 Bybit live order book, 5 min ago	0.43 bp	11.1 bp −$11	21.5 bp −$215	71.5 bp −$7,146	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	−0.2879%	1h	1.1787	+0.052%	$234K	$132K	50x	as long as short
Coinbase International DOT-PERP-INTX	−0.0864%	1h	1.1790	+0.077%	$195K	$1.9M	50x	as long as short
Reya DOTRUSDPERP	−0.0166%	1h	1.1773	−0.064%	$255	—	—	as long as short
dYdX DOT-USD	0.0000%	1h	1.1770	−0.093%	$142K	$6K	10x	as long as short
gTrade (Gains Network) DOT/USDlong	L 0.0000% / S +0.0004%	1h	1.1781	long leg	$3K	—	150x
Injective DOT/USDC PERP	+0.0033%	1h	1.2020	+2.030%	$328	$121K	12x	as long as short
Kraken Futures PF_DOTUSD	+0.0091%	1h	1.1787	+0.056%	$4.4M	$1.4M	50x	as long as short
Lighter DOT	+0.0096%	1h	1.1781	−0.001%	$251K	$661K	10x	as long as short
Hyperliquid DOT	+0.0100%	1h	1.1782	+0.008%	$5.2M	$3.4M	10x	as long as short
Aster DOTUSDT	+0.0100%	8h	1.1780	−0.008%	$839K	$594K	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	1.1775	−0.047%	$43.2M	$85.6M	75x	as long as short
Bybit DOTUSDTshort	+0.0100%	8h	1.1765	−0.135%	$24.0M	$19.0M	75x
OKX DOT-USDT-SWAP	+0.0100%	8h	1.1765	−0.135%	$9.2M	$24.4M	50x	as long as short
Gate DOT_USDT	+0.0100%	8h	1.1770	−0.093%	$6.6M	$12.0M	75x	as long as short
MEXC DOT_USDT	+0.0100%	8h	1.1769	−0.101%	$26.5M	$56.4M	300x	as long as short
KuCoin DOTUSDTM	+0.0100%	8h	1.1781	+0.001%	$6.3M	$9.3M	75x	as long as short
Bitget DOTUSDT	+0.0100%	8h	1.1764	−0.143%	$22.4M	$14.6M	75x	as long as short
BingX DOT-USDT	+0.0100%	8h	1.1771	−0.084%	—	$29.7M	—	as long as short
Backpack DOT_USDC_PERP	+0.0100%	1h	1.1779	−0.016%	$91K	$131K	10x	as long as short
Variational Omni DOT	+0.0100%	8h	1.1828	+0.403%	$538K	$52K	—	as long as short
edgeX DOTUSDC	+0.0100%	4h	1.1812	+0.260%	$35K	$334K	20x	as long as short
GRVT DOT_USDT_Perp	+0.0100%	8h	1.1830	+0.417%	$235K	$432K	10x	as long as short
Orderly PERP_DOT_USDC	+0.0100%	8h	1.1770	−0.093%	$8K	$19K	10x	as long as short
SunX DOT-USDT	+0.0100%	8h	1.1800	+0.162%	$2K	$1.3M	20x	as long as short
HTX DOT-USDT	+0.0100%	8h	1.1771	−0.084%	$262K	$265K	75x	as long as short
Phemex DOTUSDT	+0.0100%	8h	1.1800	+0.162%	$2.4M	$2.2M	50x	as long as short
Extended DOT-USD	+0.0104%	1h	1.1762	−0.158%	$15K	$246K	25x	as long as short
BloFin DOT-USDT	+0.0220%	8h	1.1780	−0.008%	$2.2M	$882K	75x	as long as short
GMX DOT/USD [WBTC.b-USDC]	L +0.0301% / S −0.1012%	1h	1.1780	−0.007%	$22K	—	100x	as long as short