Funding you earn now, next payment 08:00 UTC+0.0422%/8h= +46.2% APRnext payment +$4.22 per $10,000 · paid last 24h +0.095%
Price spread now: Phemex against Aster−0.030%7-day average +0.187% · you buy dearer than you sell
Net, funding: paid 7d − costs−$14as in the Funding arb table
Net, price: spread back to 7d avg − costs−$109as in the Price arb table
costs, in and out, $10k−$870.871% of the position
Funding, last 7 days+0.731%+$73 on $10k
+Price spread, last 3 days (all we have)+0.194%+$19 · spread now −0.030%, 7d avg +0.187%
=Together, before fees+0.926%+ Points / potential airdropAster: Stage 5 · farm board+$93 on $10k · with fees, hour by hour
Funding pays, the price is against you. Phemex is 0.217% cheaper against Aster than usual: you would sell low and buy high (spread −0.030% now, against its 7-day average of +0.187%). If the spread goes back, that is −$22 on $10k: about 41 hours of funding at the current rate (+$13 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aster DOTUSDT | 1.1954 | 0.0100 | pay 0.0100% / 8h | 6h 33m | $865K | $705K | 50x |
| Short | Phemex DOTUSDT | 1.1950 | 0.0522 | get 0.0522% / 8h | 6h 33m | $2.3M | $2.2M | 50x |
Aster DOTUSDT
Phemex DOTUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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
- $88.52
- Price spread: −0.030% → +0.187%
- −$21.69
- Slippage, 4 orders
- −$67.06
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$20.24
- Costs to cover
- 0.871%
- Break-even
- 8.6 days
Slippage from Aster: live order book, 35 min ago; Phemex: live order book, 5 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, 35 min ago | 8.24 bp | 19.6 bp −$20 | 72.5 bp −$725 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 5 min ago | 8.42 bp | 32.8 bp −$33 | 45.0 bp −$450 | 113.6 bp −$11.4K | doesn't fit |
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 | −0.1253% | 1h | 1.1959 | +0.045% | $218K | $116K | 50x | as long as short |
| Reya DOTRUSDPERP | −0.0166% | 1h | 1.1944 | −0.083% | $258 | — | — | as long as short |
| Coinbase International DOT-PERP-INTX | −0.0024% | 1h | 1.1940 | −0.114% | $196K | $1.8M | 50x | as long as short |
| gTrade (Gains Network) DOT/USD | L −0.0002% / S +0.0004% | 1h | 1.1949 | −0.040% | $14K | — | 150x | as long as short |
| dYdX DOT-USD | 0.0000% | 1h | 1.1956 | +0.017% | $144K | $6K | 10x | as long as short |
| Injective DOT/USDC PERP | +0.0033% | 1h | 1.2020 | +0.555% | $328 | $121K | 12x | as long as short |
| OKX DOT-USDT-SWAP | +0.0035% | 8h | 1.1947 | −0.055% | $9.4M | $24.3M | 50x | as long as short |
| KuCoin DOTUSDTM | +0.0082% | 8h | 1.1941 | −0.106% | $6.4M | $9.2M | 75x | as long as short |
| Lighter DOT | +0.0096% | 1h | 1.1951 | −0.020% | $270K | $630K | 10x | as long as short |
| Hyperliquid DOT | +0.0100% | 1h | 1.1951 | −0.022% | $5.4M | $3.4M | 10x | as long as short |
Deribit DOT_USDC-PERPETUAL
Reya DOTRUSDPERP
Coinbase International DOT-PERP-INTX
gTrade (Gains Network) DOT/USD
dYdX DOT-USD
Injective DOT/USDC PERP
OKX DOT-USDT-SWAP
KuCoin DOTUSDTM
Lighter DOT
Hyperliquid DOTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster DOTUSDTlong | +0.0100% | 8h | 1.1954 | long leg | $865K | $705K | 50x | |
| Binance DOTUSDT | +0.0100% | 8h | 1.1952 | −0.013% | $43.9M | $84.8M | 75x | as long as short |
| Bybit DOTUSDT | +0.0100% | 8h | 1.1948 | −0.047% | $24.6M | $19.1M | 75x | as long as short |
| Gate DOT_USDT | +0.0100% | 8h | 1.1950 | −0.030% | $6.7M | $11.5M | 75x | as long as short |
| MEXC DOT_USDT | +0.0100% | 8h | 1.1947 | −0.055% | $34.2M | $45.9M | 300x | as long as short |
| Bitget DOTUSDT | +0.0100% | 8h | 1.1940 | −0.114% | $22.8M | $14.7M | 75x | as long as short |
| BingX DOT-USDC | +0.0100% | 8h | 1.1949 | −0.039% | — | $1.3M | — | as long as short |
| Backpack DOT_USDC_PERP | +0.0100% | 1h | 1.1981 | +0.229% | $96K | $129K | 10x | as long as short |
| Variational Omni DOT | +0.0100% | 8h | 1.1946 | −0.067% | $544K | $59K | — | as long as short |
| edgeX DOTUSDC | +0.0100% | 4h | 1.1953 | −0.006% | $35K | $334K | 20x | as long as short |
| GRVT DOT_USDT_Perp | +0.0100% | 8h | 1.1950 | −0.030% | $229K | $432K | 10x | as long as short |
| Orderly PERP_DOT_USDC | +0.0100% | 8h | 1.1940 | −0.114% | $8K | $23K | 10x | as long as short |
| SunX DOT-USDT | +0.0100% | 8h | 1.1964 | +0.087% | $2K | $1.3M | 20x | as long as short |
| HTX DOT-USDT | +0.0100% | 8h | 1.1987 | +0.279% | $249K | $224K | 75x | as long as short |
| Extended DOT-USD | +0.0104% | 1h | 1.1943 | −0.086% | $14K | $299K | 25x | as long as short |
| Kraken Futures PF_DOTUSD | +0.0196% | 1h | 1.1957 | +0.025% | $4.5M | $1.4M | 50x | as long as short |
| GMX DOT/USD [WBTC.b-USDC] | L +0.0303% / S −0.1012% | 1h | 1.1951 | −0.021% | $22K | — | 100x | as long as short |
| Phemex DOTUSDTshort | +0.0522% | 8h | 1.1950 | −0.030% | $2.3M | $2.2M | 50x |
Binance DOTUSDT
Bybit DOTUSDT
Gate DOT_USDT
MEXC DOT_USDT
Bitget DOTUSDT
BingX DOT-USDC
Backpack DOT_USDC_PERP
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
GMX DOT/USD [WBTC.b-USDC]