Funding arb · Price arb /

DOT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0266%/8h= +29.2% APRpaid last 24h +0.080%

Price spread now: BingX against Reya−0.037%7-day average — · you buy dearer than you sell

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

Long on Reya Short on BingX

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 airdropReya: Active · farm boardneeds both histories

Funding pays, the price is against you. BingX is 0.037% cheaper against Reya than usual: you would sell low and buy high (spread −0.037% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 11 hours of funding at the current rate (+$8 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya DOTRUSDPERP	1.2057	−0.0166	get 0.0021% / 1h	21m 17s	$261	—	—
Short	BingX DOT-USDC	1.2053	0.0100	get 0.0100% / 8h	6h 21m	—	$1.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Reya. 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 ReyabpFee BingXbpOrdersPrice spread, now −0.037%Rate

Funding earned: $55.92
Price spread: −0.037% → 0.000%: −$3.65
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee BingX: 5 bp × 2 orders: −$10
Net: $36.26
Costs to cover: 0.160%
Break-even: 2.5 days

Slippage unknown: Reya: no order-book sample; BingX: live order book, 5 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 Reya no order-book sample	—	—	—	—	—
Sell BingX live order book, 5 min ago	2.91 bp	84.6 bp −$85	220.1 bp −$2,201	529.6 bp −$53.0K	1072.0 bp −$536.0K

Reya: 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 28 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	−0.1487%	1h	1.2066	+0.071%	$220K	$116K	50x	as long as short
Reya DOTRUSDPERPlong	−0.0166%	1h	1.2057	long leg	$261	—	—
Coinbase International DOT-PERP-INTX	−0.0024%	1h	1.2060	+0.022%	$198K	$1.9M	50x	as long as short
dYdX DOT-USD	0.0000%	1h	1.2058	+0.002%	$145K	$6K	10x	as long as short
gTrade (Gains Network) DOT/USD	L 0.0000% / S +0.0004%	1h	1.2065	+0.061%	$3K	—	150x	as long as short
Injective DOT/USDC PERP	+0.0033%	1h	1.2020	−0.310%	$328	$121K	12x	as long as short
OKX DOT-USDT-SWAP	+0.0051%	8h	1.2050	−0.061%	$9.4M	$24.5M	50x	as long as short
KuCoin DOTUSDTM	+0.0087%	8h	1.2055	−0.020%	$6.5M	$9.2M	75x	as long as short
Lighter DOT	+0.0096%	1h	1.2062	+0.034%	$272K	$630K	10x	as long as short
Hyperliquid DOT	+0.0100%	1h	1.2061	+0.030%	$5.5M	$3.5M	10x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster DOTUSDT	+0.0100%	8h	1.2060	+0.022%	$872K	$705K	50x	as long as short
Binance DOTUSDT	+0.0100%	8h	1.2052	−0.043%	$44.6M	$85.1M	75x	as long as short
Bybit DOTUSDT	+0.0100%	8h	1.2053	−0.037%	$24.8M	$19.1M	75x	as long as short
Gate DOT_USDT	+0.0100%	8h	1.2060	+0.022%	$6.8M	$11.7M	75x	as long as short
MEXC DOT_USDT	+0.0100%	8h	1.2055	−0.020%	$35.9M	$46.8M	300x	as long as short
Bitget DOTUSDT	+0.0100%	8h	1.2050	−0.061%	$23.0M	$14.8M	75x	as long as short
BingX DOT-USDCshort	+0.0100%	8h	1.2053	−0.037%	—	$1.3M	—
Backpack DOT_USDC_PERP	+0.0100%	1h	1.2052	−0.045%	$96K	$127K	10x	as long as short
Variational Omni DOT	+0.0100%	8h	1.2052	−0.049%	$548K	$59K	—	as long as short
edgeX DOTUSDC	+0.0100%	4h	1.2060	+0.022%	$35K	$334K	20x	as long as short
GRVT DOT_USDT_Perp	+0.0100%	8h	1.2060	+0.019%	$231K	$421K	10x	as long as short
Orderly PERP_DOT_USDC	+0.0100%	8h	1.2060	+0.022%	$8K	$23K	10x	as long as short
SunX DOT-USDT	+0.0100%	8h	1.2079	+0.179%	$2K	$1.3M	20x	as long as short
HTX DOT-USDT	+0.0100%	8h	1.2067	+0.080%	$251K	$224K	75x	as long as short
Extended DOT-USD	+0.0104%	1h	1.2050	−0.058%	$14K	$303K	25x	as long as short
Kraken Futures PF_DOTUSD	+0.0195%	1h	1.2062	+0.034%	$4.5M	$1.5M	50x	as long as short
GMX DOT/USD [WBTC.b-USDC]	L +0.0304% / S −0.1012%	1h	1.2061	+0.029%	$22K	—	100x	as long as short
Phemex DOTUSDT	+0.0398%	8h	1.2070	+0.104%	$2.3M	$2.2M	50x	as long as short