Funding arb · Price arb /

DOT

all DOT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0925%/8h= +101.3% APRpaid last 24h +0.284%

Price spread now: GMX against HTX−0.032%52s7-day average — · you buy dearer than you sell

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

Long on HTX Short on GMX

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. GMX is 0.032% cheaper against HTX than usual: you would sell low and buy high (spread −0.032% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 3 hours of funding at the current rate (+$28 a day). The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX DOT-USDT	1.2007	0.0100	pay 0.0100% / 8h	1h 30m	$248K	$219K	75x
Short	GMX DOT/USD [WBTC.b-USDC]	1.2003	L +0.0304% / S −0.1025%	get 0.0128% / 1h	30m 27s	$23K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against HTX. 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 HTXbpFee GMXbpOrdersPrice spread, now −0.032%Rate

Funding earned: $194.3
Price spread: −0.032% → 0.000%: −$3.16
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee GMX: 6 bp × 2 orders: −$12
Net: $167.13
Costs to cover: 0.240%
Break-even: 1.0 days

Slippage unknown: HTX: live order book, 51 min ago; GMX: 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 HTX live order book, 51 min ago	19.55 bp	28.9 bp −$29	333.9 bp −$3,339	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

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
Reya DOTRUSDPERP	−0.0166%	1h	1.1997	−0.087%	$260	—	—	as long as short
Coinbase International DOT-PERP-INTX	−0.0128%	1h	1.2020	+0.108%	$185K	$1.8M	50x	as long as short
Kraken Futures PF_DOTUSD	−0.0053%	1h	1.2017	+0.085%	$4.5M	$1.4M	50x	as long as short
Injective DOT/USDC PERP	−0.0040%	1h	1.2020	+0.108%	$328	$121K	12x	as long as short
OKX DOT-USDT-SWAP	−0.0023%	8h	1.1999	−0.067%	$9.5M	$23.6M	50x	as long as short
dYdX DOT-USD	0.0000%	1h	1.2001	−0.046%	$144K	$6K	10x	as long as short
Deribit DOT_USDC-PERPETUAL	0.0000%	1h	1.2018	+0.092%	$220K	$117K	50x	as long as short
gTrade (Gains Network) DOT/USD	L 0.0000% / S +0.0004%	1h	1.2005	−0.017%	$5K	—	150x	as long as short
KuCoin DOTUSDTM	+0.0027%	8h	1.2005	−0.017%	$6.8M	$8.6M	75x	as long as short
MEXC DOT_USDT	+0.0087%	8h	1.1996	−0.092%	$27.4M	$36.9M	300x	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	+0.0088%	1h	1.1996	−0.089%	$15K	$235K	25x	as long as short
Binance DOTUSDT	+0.0089%	8h	1.1998	−0.075%	$44.1M	$80.8M	75x	as long as short
Lighter DOT	+0.0096%	1h	1.2001	−0.048%	$252K	$594K	10x	as long as short
Hyperliquid DOT	+0.0100%	1h	1.2011	+0.033%	$5.3M	$3.2M	10x	as long as short
Aster DOTUSDT	+0.0100%	8h	1.2008	+0.005%	$892K	$649K	50x	as long as short
Bybit DOTUSDT	+0.0100%	8h	1.1994	−0.108%	$24.5M	$17.9M	75x	as long as short
Gate DOT_USDT	+0.0100%	8h	1.2000	−0.058%	$6.8M	$11.4M	75x	as long as short
Bitget DOTUSDT	+0.0100%	8h	1.2000	−0.058%	$23.0M	$14.2M	75x	as long as short
BingX DOT-USDC	+0.0100%	8h	1.1998	−0.075%	—	$1.3M	—	as long as short
Backpack DOT_USDC_PERP	+0.0100%	1h	1.1998	−0.075%	$99K	$125K	10x	as long as short
Variational Omni DOT	+0.0100%	8h	1.2010	+0.025%	$547K	$63K	—	as long as short
edgeX DOTUSDC	+0.0100%	4h	1.2016	+0.072%	$35K	$333K	20x	as long as short
GRVT DOT_USDT_Perp	+0.0100%	8h	1.2009	+0.015%	$233K	$456K	10x	as long as short
Orderly PERP_DOT_USDC	+0.0100%	8h	1.1990	−0.142%	$8K	$24K	10x	as long as short
SunX DOT-USDT	+0.0100%	8h	1.2025	+0.150%	$1K	$1.2M	20x	as long as short
HTX DOT-USDTlong	+0.0100%	8h	1.2007	long leg	$248K	$219K	75x
BloFin DOT-USDT	+0.0208%	8h	1.2024	+0.142%	$2.2M	$766K	75x	as long as short
GMX DOT/USD [WBTC.b-USDC]short	L +0.0304% / S −0.1025%	1h	1.2003	−0.032%	$23K	—	100x
Phemex DOTUSDT	+0.0312%	8h	1.2010	+0.025%	$2.2M	$2.1M	50x	as long as short