Funding you earn now, next payment 04:00 UTC−0.0239%/8h= −26.2% APRpaid last 24h +0.008%
Price spread now: Backpack against Aster−0.088%7-day average +0.012% · you buy dearer than you sell
Net, funding: paid 7d − costs−$40as in the Funding arb table
Net, price: spread back to 7d avg − costs−$49as in the Price arb table
costs, in and out, $10k−$390.392% of the position
Funding, last 7 days−0.006%−$1 on $10k
+Price spread, last 4 days (all we have)−0.315%−$31 · spread now −0.088%, 7d avg +0.012%
=Together, before fees−0.321%+ Points / potential airdropAster: Stage 5 · farm board−$32 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Backpack is 0.099% cheaper against Aster than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of +0.012%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.006% in total (about -0.3% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aster DOTUSDT | 1.1883 | 0.0100 | pay 0.0100% / 8h | 4h 58m | $858K | $709K | 50x |
| Short | Backpack DOT_USDC_PERP | 1.1873 | −0.0139 | pay 0.0017% / 1h | 58m 47s | $93K | $129K | 10x |
Aster DOTUSDT
Backpack DOT_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Aster. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$50.16
- Price spread: −0.088% → +0.012%
- −$9.92
- Slippage, 4 orders
- −$21.23
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$99.31
- Costs to cover
- 0.392%
- Break-even
- never at this rate
Slippage from Aster: live order book, 64 min ago; Backpack: live order book, 64 min ago.
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 Aster live order book, 64 min ago | 8.33 bp | 12.3 bp −$12 | 93.8 bp −$938 | doesn't fit | doesn't fit |
| Sell Backpack live order book, 64 min ago | 0.42 bp | 6.1 bp −$6 | doesn't fit | doesn't fit | doesn't fit |
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 | −0.2267% | 1h | 1.1890 | +0.055% | $227K | $114K | 50x | as long as short |
| Coinbase International DOT-PERP-INTX | −0.0608% | 1h | 1.1880 | −0.029% | $196K | $1.9M | 50x | as long as short |
| Reya DOTRUSDPERP | −0.0166% | 1h | 1.1861 | −0.185% | $257 | — | — | as long as short |
| Backpack DOT_USDC_PERPshort | −0.0139% | 1h | 1.1873 | −0.088% | $93K | $129K | 10x | |
| dYdX DOT-USD | 0.0000% | 1h | 1.1880 | −0.033% | $143K | $6K | 10x | as long as short |
| gTrade (Gains Network) DOT/USD | L 0.0000% / S +0.0004% | 1h | 1.1876 | −0.062% | $3K | — | 150x | as long as short |
| Injective DOT/USDC PERP | +0.0033% | 1h | 1.2020 | +1.149% | $328 | $121K | 12x | as long as short |
| Lighter DOT | +0.0096% | 1h | 1.1888 | +0.037% | $268K | $632K | 10x | as long as short |
| Hyperliquid DOT | +0.0100% | 1h | 1.1884 | +0.005% | $5.3M | $3.5M | 10x | as long as short |
| Aster DOTUSDTlong | +0.0100% | 8h | 1.1883 | long leg | $858K | $709K | 50x |
Deribit DOT_USDC-PERPETUAL
Coinbase International DOT-PERP-INTX
Reya DOTRUSDPERP
dYdX DOT-USD
gTrade (Gains Network) DOT/USD
Injective DOT/USDC PERP
Lighter DOT
Hyperliquid DOTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance DOTUSDT | +0.0100% | 8h | 1.1881 | −0.020% | $43.6M | $85.1M | 75x | as long as short |
| Bybit DOTUSDT | +0.0100% | 8h | 1.1879 | −0.037% | $24.4M | $19.0M | 75x | as long as short |
| OKX DOT-USDT-SWAP | +0.0100% | 8h | 1.1882 | −0.012% | $9.4M | $24.1M | 50x | as long as short |
| Gate DOT_USDT | +0.0100% | 8h | 1.1880 | −0.029% | $6.7M | $11.7M | 75x | as long as short |
| MEXC DOT_USDT | +0.0100% | 8h | 1.1883 | −0.003% | $34.7M | $50.4M | 300x | as long as short |
| KuCoin DOTUSDTM | +0.0100% | 8h | 1.1878 | −0.046% | $6.5M | $9.1M | 75x | as long as short |
| Bitget DOTUSDT | +0.0100% | 8h | 1.1880 | −0.029% | $22.7M | $14.8M | 75x | as long as short |
| BingX DOT-USDC | +0.0100% | 8h | 1.1882 | −0.012% | — | $1.3M | — | as long as short |
| Variational Omni DOT | +0.0100% | 8h | 1.1873 | −0.087% | $540K | $58K | — | as long as short |
| edgeX DOTUSDC | +0.0100% | 4h | 1.1871 | −0.103% | $35K | $336K | 20x | as long as short |
| GRVT DOT_USDT_Perp | +0.0100% | 8h | 1.1874 | −0.080% | $226K | $407K | 10x | as long as short |
| Orderly PERP_DOT_USDC | +0.0100% | 8h | 1.1880 | −0.029% | $8K | $24K | 10x | as long as short |
| SunX DOT-USDT | +0.0100% | 8h | 1.1888 | +0.039% | $2K | $1.3M | 20x | as long as short |
| HTX DOT-USDT | +0.0100% | 8h | 1.1877 | −0.054% | $258K | $242K | 75x | as long as short |
| Extended DOT-USD | +0.0104% | 1h | 1.1874 | −0.077% | $14K | $303K | 25x | as long as short |
| Kraken Futures PF_DOTUSD | +0.0213% | 1h | 1.1877 | −0.055% | $4.4M | $1.5M | 50x | as long as short |
| Phemex DOTUSDT | +0.0216% | 8h | 1.1890 | +0.055% | $2.3M | $2.2M | 50x | as long as short |
| BloFin DOT-USDT | +0.0220% | 8h | 1.1867 | −0.138% | $2.2M | $873K | 75x | as long as short |
| GMX DOT/USD [WBTC.b-USDC] | L +0.0302% / S −0.1012% | 1h | 1.1873 | −0.086% | $22K | — | 100x | as long as short |
Binance DOTUSDT
Bybit DOTUSDT
OKX DOT-USDT-SWAP
Gate DOT_USDT
MEXC DOT_USDT
KuCoin DOTUSDTM
Bitget DOTUSDT
BingX DOT-USDC
Variational Omni DOT
edgeX DOTUSDC
GRVT DOT_USDT_Perp
Orderly PERP_DOT_USDC
SunX DOT-USDT
HTX DOT-USDT
Extended DOT-USD
Kraken Futures PF_DOTUSD
Phemex DOTUSDT
BloFin DOT-USDT
GMX DOT/USD [WBTC.b-USDC]