Funding arb · Price arb /

DOT

all DOT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.015%

Price spread now: MEXC against Injective−3.544%85s7-day average −0.734% · you buy dearer than you sell

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

Long on Injective Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.006%+$1 on $10k

Price spread, last 4 days (all we have)+3.590%+$359 · spread now −3.544%, 7d avg −0.734%

Together, before fees+3.596%+$360 on $10k · with fees, hour by hour

Funding pays, the price is against you. MEXC is 2.810% cheaper against Injective than usual: you would sell low and buy high (spread −3.544% now, against its 7-day average of −0.734%). If the spread goes back, that is −$281 on $10k: about 5 months of funding at the current rate (+$2 a day). At the pace of the last 7 days (+0.006% in total) that is about years. The two prices were read 85 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	Injective DOT/USDC PERP	1.2020	0.0033	pay 0.0004% / 1h	49m 52s	$328	$121K	12x
Short	MEXC DOT_USDT	1.1594	0.0100	get 0.0100% / 8h	4h 49m	$34.2M	$68.7M	300x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Injective. 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 InjectivebpFee MEXCbpOrdersPrice spread, now −3.544%Rate

Funding earned: $14
Price spread: −3.544% → −0.734%: −$281.02
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee MEXC: 0 bp × 2 orders: $0
Net: −$267.04
Costs to cover: 0.000%
Break-even: 140.5 days

Slippage unknown: Injective: no order-book sample; MEXC: live order book, 2 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 Injective no order-book sample	—	—	—	—	—
Sell MEXC live order book, 2 min ago	0.43 bp	0.7 bp −$1	5.5 bp −$55	40.8 bp −$4,078	80.1 bp −$40.1K

Injective: 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 exchanges

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	−0.1641%	1h	1.1613	−3.386%	$254K	$165K	50x	as long as short
Reya DOTRUSDPERP	−0.0166%	1h	1.1612	−3.393%	$251	—	—	as long as short
dYdX DOT-USD	0.0000%	1h	1.1599	−3.504%	$140K	$2K	10x	as long as short
Coinbase International DOT-PERP-INTX	0.0000%	1h	1.1620	−3.328%	$169K	$1.4M	50x	as long as short
gTrade (Gains Network) DOT/USD	L 0.0000% / S +0.0004%	1h	1.1621	−3.319%	$3K	—	150x	as long as short
Injective DOT/USDC PERPlong	+0.0033%	1h	1.2020	long leg	$328	$121K	12x
Lighter DOT	+0.0096%	1h	1.1603	−3.473%	$239K	$597K	10x	as long as short
Hyperliquid DOT	+0.0100%	1h	1.1587	−3.602%	$5.5M	$3.5M	10x	as long as short
Aster DOTUSDT	+0.0100%	8h	1.1596	−3.527%	$835K	$437K	50x	as long as short
Binance DOTUSDT	+0.0100%	8h	1.1591	−3.572%	$42.4M	$76.2M	75x	as long as short

Show all 29 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit DOTUSDT	+0.0100%	8h	1.1580	−3.661%	$23.8M	$17.8M	75x	as long as short
OKX DOT-USDT-SWAP	+0.0100%	8h	1.1587	−3.602%	$8.9M	$22.2M	50x	as long as short
Gate DOT_USDT	+0.0100%	8h	1.1590	−3.577%	$6.5M	$9.8M	75x	as long as short
MEXC DOT_USDTshort	+0.0100%	8h	1.1594	−3.544%	$34.2M	$68.7M	300x
KuCoin DOTUSDTM	+0.0100%	8h	1.1600	−3.494%	$6.2M	$9.3M	75x	as long as short
Bitget DOTUSDT	+0.0100%	8h	1.1590	−3.577%	$22.5M	$13.2M	75x	as long as short
BingX DOT-USDC	+0.0100%	8h	1.1592	−3.561%	—	$1.3M	—	as long as short
Backpack DOT_USDC_PERP	+0.0100%	1h	1.1599	−3.502%	$89K	$133K	10x	as long as short
Variational Omni DOT	+0.0100%	8h	1.1589	−3.582%	$528K	$31K	—	as long as short
edgeX DOTUSDC	+0.0100%	4h	1.1617	−3.354%	$34K	$333K	20x	as long as short
GRVT DOT_USDT_Perp	+0.0100%	8h	1.1620	−3.328%	$226K	$393K	10x	as long as short
Orderly PERP_DOT_USDC	+0.0100%	8h	1.1610	−3.411%	$8K	$19K	10x	as long as short
SunX DOT-USDT	+0.0100%	8h	1.1630	−3.245%	$2K	$1.2M	20x	as long as short
HTX DOT-USDT	+0.0100%	8h	1.1600	−3.494%	$262K	$247K	75x	as long as short
Phemex DOTUSDT	+0.0100%	8h	1.1600	−3.494%	$2.4M	$2.1M	50x	as long as short
Extended DOT-USD	+0.0104%	1h	1.1582	−3.641%	$14K	$267K	25x	as long as short
BloFin DOT-USDT	+0.0220%	8h	1.1594	−3.544%	$1.9M	$787K	75x	as long as short
GMX DOT/USD [WBTC.b-USDC]	L +0.0296% / S −0.0987%	1h	1.1620	−3.325%	$21K	—	100x	as long as short
Kraken Futures PF_DOTUSD	+0.0371%	1h	1.1608	−3.429%	$4.5M	$1.6M	50x	as long as short