Funding arb · Price arb /

DOT

all DOT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0229%/8h= −25.0% APRpaid last 24h −0.029%

Price spread now: Kraken Futures against Orderly+0.088%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 Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 5 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. Kraken Futures is 0.088% dearer against Orderly than usual: you sell high and buy low (spread +0.088% now, against zero (this spread has no 7-day history yet)): +$9 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 31 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_DOT_USDC	1.1890	0.0100	pay 0.0100% / 8h	2h 04m	$8K	$25K	10x
Short	Kraken Futures PF_DOTUSD	1.1900	−0.0129	pay 0.0016% / 1h	4m 27s	$4.4M	$1.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.088%Rate

Funding earned: −$48.03
Price spread: +0.088% → 0.000%: $8.79
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$55.24
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; Kraken Futures: live order book, 4 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 Orderly no order-book sample	—	—	—	—	—
Sell Kraken Futures live order book, 4 min ago	3.36 bp	12.8 bp −$13	29.2 bp −$292	423.2 bp −$42.3K	doesn't fit

Orderly: 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	−0.0422%	1h	1.1901	+0.093%	$217K	$118K	50x	as long as short
Reya DOTRUSDPERP	−0.0166%	1h	1.1881	−0.076%	$257	—	—	as long as short
Kraken Futures PF_DOTUSDshort	−0.0129%	1h	1.1900	+0.088%	$4.4M	$1.3M	50x
Injective DOT/USDC PERP	−0.0080%	1h	1.2020	+1.093%	$328	$121K	12x	as long as short
Coinbase International DOT-PERP-INTX	−0.0064%	1h	1.1960	+0.589%	$186K	$1.8M	50x	as long as short
OKX DOT-USDT-SWAP	−0.0030%	8h	1.1876	−0.118%	$9.3M	$23.3M	50x	as long as short
dYdX DOT-USD	0.0000%	1h	1.1891	+0.012%	$143K	$6K	10x	as long as short
gTrade (Gains Network) DOT/USD	L 0.0000% / S +0.0004%	1h	1.1891	+0.008%	$5K	—	150x	as long as short
KuCoin DOTUSDTM	+0.0012%	8h	1.1889	−0.008%	$6.8M	$8.7M	75x	as long as short
Binance DOTUSDT	+0.0061%	8h	1.1881	−0.076%	$43.8M	$80.9M	75x	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	+0.0064%	1h	1.1875	−0.125%	$15K	$240K	25x	as long as short
MEXC DOT_USDT	+0.0064%	8h	1.1881	−0.076%	$35.0M	$35.9M	300x	as long as short
Lighter DOT	+0.0096%	1h	1.1885	−0.040%	$249K	$609K	10x	as long as short
Hyperliquid DOT	+0.0100%	1h	1.1893	+0.025%	$5.3M	$3.2M	10x	as long as short
Aster DOTUSDT	+0.0100%	8h	1.1899	+0.079%	$884K	$649K	50x	as long as short
Bybit DOTUSDT	+0.0100%	8h	1.1875	−0.126%	$24.3M	$17.9M	75x	as long as short
Gate DOT_USDT	+0.0100%	8h	1.1880	−0.084%	$6.8M	$11.5M	75x	as long as short
Bitget DOTUSDT	+0.0100%	8h	1.1880	−0.084%	$22.7M	$14.0M	75x	as long as short
BingX DOT-USDC	+0.0100%	8h	1.1885	−0.042%	—	$1.3M	—	as long as short
Backpack DOT_USDC_PERP	+0.0100%	1h	1.1895	+0.042%	$98K	$127K	10x	as long as short
Variational Omni DOT	+0.0100%	8h	1.1880	−0.084%	$541K	$92K	—	as long as short
edgeX DOTUSDC	+0.0100%	4h	1.1895	+0.042%	$35K	$332K	20x	as long as short
GRVT DOT_USDT_Perp	+0.0100%	8h	1.1890	0.000%	$230K	$469K	10x	as long as short
Orderly PERP_DOT_USDClong	+0.0100%	8h	1.1890	long leg	$8K	$25K	10x
SunX DOT-USDT	+0.0100%	8h	1.1909	+0.160%	$2K	$1.2M	20x	as long as short
HTX DOT-USDT	+0.0100%	8h	1.1894	+0.034%	$245K	$219K	75x	as long as short
BloFin DOT-USDT	+0.0184%	8h	1.1896	+0.050%	$2.3M	$767K	75x	as long as short
GMX DOT/USD [WBTC.b-USDC]	L +0.0297% / S −0.0774%	1h	1.1893	+0.022%	$22K	—	100x	as long as short
Phemex DOTUSDT	+0.0350%	8h	1.1920	+0.252%	$2.2M	$2.1M	50x	as long as short