Funding arb · Price arb /

DOT

all DOT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0197%/8h= −21.6% APRpaid last 24h −0.057%

Price spread now: Variational Omni against GMX+0.524%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 Variational Omni

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—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

The price spread pays, funding is against you. Variational Omni is 0.524% dearer against GMX than usual: you sell high and buy low (spread +0.524% now, against zero (this spread has no 7-day history yet)): +$52 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 8.9 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX DOT/USD [WBTC.b-USDC]	1.1962	L +0.0297% / S −0.0979%	pay 0.0037% / 1h	25m 12s	$22K	—	100x
Short	Variational Omni DOT	1.2025	0.0100	get 0.0100% / 8h	2h 25m	$548K	$91K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.524%Rate

Funding earned: −$41.41
Price spread: +0.524% → 0.000%: $52.4
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$1.01
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: GMX: no order-book sample; Variational Omni: RFQ quote, 63 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 Variational Omni RFQ quote, 63 min ago	3.14 bp	doesn't fit	17.0 bp −$170	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	−0.0585%	1h	1.1968	+0.047%	$219K	$118K	50x	as long as short
Reya DOTRUSDPERP	−0.0166%	1h	1.1959	−0.027%	$259	—	—	as long as short
Kraken Futures PF_DOTUSD	−0.0128%	1h	1.1963	+0.008%	$4.5M	$1.3M	50x	as long as short
Injective DOT/USDC PERP	−0.0080%	1h	1.2020	+0.482%	$328	$121K	12x	as long as short
Coinbase International DOT-PERP-INTX	−0.0064%	1h	1.1970	+0.064%	$186K	$1.8M	50x	as long as short
OKX DOT-USDT-SWAP	−0.0030%	8h	1.1949	−0.112%	$9.4M	$23.3M	50x	as long as short
dYdX DOT-USD	0.0000%	1h	1.2010	+0.394%	$145K	$6K	10x	as long as short
gTrade (Gains Network) DOT/USD	L 0.0000% / S +0.0004%	1h	1.1964	+0.013%	$5K	—	150x	as long as short
KuCoin DOTUSDTM	+0.0021%	8h	1.1957	−0.045%	$6.8M	$8.7M	75x	as long as short
Lighter DOT	+0.0096%	1h	1.1961	−0.016%	$267K	$579K	10x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid DOT	+0.0100%	1h	1.1973	+0.089%	$5.4M	$3.1M	10x	as long as short
Aster DOTUSDT	+0.0100%	8h	1.1992	+0.248%	$890K	$648K	50x	as long as short
Binance DOTUSDT	+0.0100%	8h	1.1950	−0.102%	$44.1M	$80.3M	75x	as long as short
Bybit DOTUSDT	+0.0100%	8h	1.1946	−0.137%	$24.5M	$17.7M	75x	as long as short
Gate DOT_USDT	+0.0100%	8h	1.1960	−0.020%	$6.9M	$11.3M	75x	as long as short
MEXC DOT_USDT	+0.0100%	8h	1.1951	−0.095%	$33.9M	$35.1M	300x	as long as short
Bitget DOTUSDT	+0.0100%	8h	1.1952	−0.087%	$23.0M	$13.6M	75x	as long as short
BingX DOT-USDT	+0.0100%	8h	1.1956	−0.054%	—	$28.5M	—	as long as short
Backpack DOT_USDC_PERP	+0.0100%	1h	1.2022	+0.498%	$96K	$122K	10x	as long as short
Variational Omni DOTshort	+0.0100%	8h	1.2025	+0.524%	$548K	$91K	—
edgeX DOTUSDC	+0.0100%	4h	1.2031	+0.577%	$35K	$331K	20x	as long as short
GRVT DOT_USDT_Perp	+0.0100%	8h	1.2034	+0.595%	$233K	$469K	10x	as long as short
Orderly PERP_DOT_USDC	+0.0100%	8h	1.1960	−0.020%	$8K	$26K	10x	as long as short
SunX DOT-USDT	+0.0100%	8h	1.1979	+0.139%	$1K	$1.2M	20x	as long as short
HTX DOT-USDT	+0.0100%	8h	1.1949	−0.112%	$248K	$207K	75x	as long as short
Extended DOT-USD	+0.0104%	1h	1.1953	−0.079%	$15K	$240K	25x	as long as short
BloFin DOT-USDT	+0.0220%	8h	1.1955	−0.062%	$2.2M	$762K	75x	as long as short
GMX DOT/USD [WBTC.b-USDC]long	L +0.0297% / S −0.0979%	1h	1.1962	long leg	$22K	—	100x
Phemex DOTUSDT	+0.0347%	8h	1.1970	+0.064%	$2.2M	$2.1M	50x	as long as short