Funding arb · Price arb /

DOT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0104%/8h= −11.4% APRpaid last 24h −0.032%

Price spread now: gTrade (Gains Network) against Orderly+0.061%7-day average — · you sell dearer than you buy

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

Long on Orderly Short on gTrade (Gains Network)

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. gTrade (Gains Network) is 0.061% dearer against Orderly than usual: you sell high and buy low (spread +0.061% now, against zero (this spread has no 7-day history yet)): +$6 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 47 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_DOT_USDC	1.1550	0.0100	pay 0.0100% / 8h	21m 13s	$8K	$19K	10x
Short	gTrade (Gains Network) DOT/USD	1.1557	L 0.0000% / S +0.0004%	pay 0.0001% / 1h	21m 13s	$3K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against Orderly. 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 OrderlybpFee gTrade (Gains Network)bpOrdersPrice spread, now +0.061%Rate

Funding earned: −$21.85
Price spread: +0.061% → 0.000%: $6.15
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$31.7
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; gTrade (Gains Network): 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 Orderly no order-book sample	—	—	—	—	—
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

Orderly and 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	−0.3970%	1h	1.1563	+0.113%	$246K	$155K	50x	as long as short
Reya DOTRUSDPERP	−0.0166%	1h	1.1552	+0.018%	$250	—	—	as long as short
Coinbase International DOT-PERP-INTX	−0.0104%	1h	1.1560	+0.087%	$168K	$2.0M	50x	as long as short
gTrade (Gains Network) DOT/USDshort	L 0.0000% / S +0.0004%	1h	1.1557	+0.061%	$3K	—	150x
dYdX DOT-USD	+0.0001%	1h	1.1560	+0.085%	$139K	$6K	10x	as long as short
Injective DOT/USDC PERP	+0.0033%	1h	1.2020	+4.069%	$328	$121K	12x	as long as short
Lighter DOT	+0.0096%	1h	1.1558	+0.068%	$243K	$674K	10x	as long as short
Hyperliquid DOT	+0.0100%	1h	1.1555	+0.043%	$5.5M	$4.7M	10x	as long as short
Aster DOTUSDT	+0.0100%	8h	1.1554	+0.038%	$832K	$608K	50x	as long as short
Binance DOTUSDT	+0.0100%	8h	1.1555	+0.042%	$42.1M	$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	1.1548	−0.017%	$23.4M	$20.5M	75x	as long as short
OKX DOT-USDT-SWAP	+0.0100%	8h	1.1554	+0.035%	$8.9M	$25.3M	50x	as long as short
Gate DOT_USDT	+0.0100%	8h	1.1550	0.000%	$6.5M	$13.1M	75x	as long as short
MEXC DOT_USDT	+0.0100%	8h	1.1558	+0.069%	$27.1M	$63.4M	300x	as long as short
KuCoin DOTUSDTM	+0.0100%	8h	1.1557	+0.061%	$6.1M	$9.4M	75x	as long as short
Bitget DOTUSDT	+0.0100%	8h	1.1559	+0.078%	$22.2M	$14.5M	75x	as long as short
BingX DOT-USDT	+0.0100%	8h	1.1554	+0.035%	—	$9.5M	—	as long as short
Backpack DOT_USDC_PERP	+0.0100%	1h	1.1554	+0.035%	$87K	$130K	10x	as long as short
Variational Omni DOT	+0.0100%	8h	1.1561	+0.098%	$526K	$50K	—	as long as short
edgeX DOTUSDC	+0.0100%	4h	1.1549	−0.011%	$34K	$335K	20x	as long as short
GRVT DOT_USDT_Perp	+0.0100%	8h	1.1570	+0.172%	$222K	$425K	10x	as long as short
Orderly PERP_DOT_USDClong	+0.0100%	8h	1.1550	long leg	$8K	$19K	10x
SunX DOT-USDT	+0.0100%	8h	1.1579	+0.251%	$2K	$1.4M	20x	as long as short
HTX DOT-USDT	+0.0100%	8h	1.1563	+0.113%	$260K	$282K	75x	as long as short
Extended DOT-USD	+0.0104%	1h	1.1552	+0.015%	$16K	$275K	25x	as long as short
Phemex DOTUSDT	+0.0220%	8h	1.1560	+0.087%	$2.3M	$2.2M	50x	as long as short
BloFin DOT-USDT	+0.0220%	8h	1.1558	+0.069%	$1.9M	$900K	75x	as long as short
GMX DOT/USD [WBTC.b-USDC]	L +0.0290% / S −0.0937%	1h	1.1556	+0.049%	$20K	—	100x	as long as short
Kraken Futures PF_DOTUSD	+0.0341%	1h	1.1564	+0.119%	$4.3M	$1.5M	50x	as long as short