Funding arb · Price arb /

DOT

all DOT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0190%/8h= −20.8% APRpaid last 24h −0.099%

Price spread now: OKX against GMX+0.045%7-day average — · you sell dearer than you buy

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

Long on GMX Short on OKX

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

The price spread pays, funding is against you. OKX is 0.045% dearer against GMX than usual: you sell high and buy low (spread +0.045% now, against zero (this spread has no 7-day history yet)): +$5 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 19 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX DOT/USD [WBTC.b-USDC]	1.1567	L +0.0290% / S −0.0937%	pay 0.0036% / 1h	20m 13s	$20K	—	100x
Short	OKX DOT-USDT-SWAP	1.1572	0.0100	get 0.0100% / 8h	20m 13s	$8.9M	$25.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against GMX. 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 GMXbpFee OKXbpOrdersPrice spread, now +0.045%Rate

Funding earned: −$39.89
Price spread: +0.045% → 0.000%: $4.5
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$57.39
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; OKX: live order book, 3 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 GMX no order-book sample	—	—	—	—	—
Sell OKX live order book, 3 min ago	0.87 bp	13.2 bp −$13	27.0 bp −$270	doesn't fit	doesn't fit

GMX: 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	−0.4142%	1h	1.1560	−0.059%	$246K	$155K	50x	as long as short
Reya DOTRUSDPERP	−0.0166%	1h	1.1547	−0.170%	$250	—	—	as long as short
Coinbase International DOT-PERP-INTX	−0.0104%	1h	1.1560	−0.059%	$168K	$2.0M	50x	as long as short
gTrade (Gains Network) DOT/USD	L 0.0000% / S +0.0004%	1h	1.1568	+0.010%	$3K	—	150x	as long as short
dYdX DOT-USD	+0.0001%	1h	1.1560	−0.060%	$139K	$6K	10x	as long as short
Injective DOT/USDC PERP	+0.0033%	1h	1.2020	+3.918%	$328	$121K	12x	as long as short
Lighter DOT	+0.0096%	1h	1.1566	−0.009%	$243K	$674K	10x	as long as short
Hyperliquid DOT	+0.0100%	1h	1.1557	−0.085%	$5.5M	$4.7M	10x	as long as short
Aster DOTUSDT	+0.0100%	8h	1.1569	+0.019%	$833K	$608K	50x	as long as short
Binance DOTUSDT	+0.0100%	8h	1.1569	+0.020%	$42.2M	$89.3M	75x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit DOTUSDT	+0.0100%	8h	1.1565	−0.015%	$23.4M	$20.5M	75x	as long as short
OKX DOT-USDT-SWAPshort	+0.0100%	8h	1.1572	+0.045%	$8.9M	$25.4M	50x
Gate DOT_USDT	+0.0100%	8h	1.1560	−0.059%	$6.5M	$13.1M	75x	as long as short
MEXC DOT_USDT	+0.0100%	8h	1.1566	−0.007%	$27.3M	$63.5M	300x	as long as short
KuCoin DOTUSDTM	+0.0100%	8h	1.1558	−0.076%	$6.1M	$9.4M	75x	as long as short
Bitget DOTUSDT	+0.0100%	8h	1.1564	−0.024%	$22.2M	$14.5M	75x	as long as short
BingX DOT-USDC	+0.0100%	8h	1.1571	+0.036%	—	$1.3M	—	as long as short
Backpack DOT_USDC_PERP	+0.0100%	1h	1.1571	+0.036%	$87K	$130K	10x	as long as short
Variational Omni DOT	+0.0100%	8h	1.1548	−0.158%	$526K	$50K	—	as long as short
edgeX DOTUSDC	+0.0100%	4h	1.1549	−0.156%	$34K	$335K	20x	as long as short
GRVT DOT_USDT_Perp	+0.0100%	8h	1.1570	+0.026%	$222K	$425K	10x	as long as short
Orderly PERP_DOT_USDC	+0.0100%	8h	1.1550	−0.145%	$8K	$19K	10x	as long as short
SunX DOT-USDT	+0.0100%	8h	1.1571	+0.036%	$2K	$1.4M	20x	as long as short
HTX DOT-USDT	+0.0100%	8h	1.1562	−0.041%	$260K	$283K	75x	as long as short
Extended DOT-USD	+0.0104%	1h	1.1546	−0.176%	$16K	$275K	25x	as long as short
Phemex DOTUSDT	+0.0216%	8h	1.1570	+0.028%	$2.3M	$2.2M	50x	as long as short
BloFin DOT-USDT	+0.0220%	8h	1.1558	−0.076%	$1.9M	$900K	75x	as long as short
GMX DOT/USD [WBTC.b-USDC]long	L +0.0290% / S −0.0937%	1h	1.1567	long leg	$20K	—	100x
Kraken Futures PF_DOTUSD	+0.0341%	1h	1.1568	+0.015%	$4.3M	$1.5M	50x	as long as short