Funding you earn now, next payment 02:00 UTC+0.0002%/8h= +0.2% APRpaid last 24h −0.014%
Price spread now: Binance against Backpack+0.197%7-day average −0.010% · you sell dearer than you buy
Net, funding: paid 7d − costs−$38as in the Funding arb table
Net, price: spread back to 7d avg − costs−$11as in the Price arb table
costs, in and out, $10k−$320.318% of the position
Funding, last 7 days−0.060%−$6 on $10k
+Price spread, last 4 days (all we have)−0.072%−$7 · spread now +0.197%, 7d avg −0.010%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.207% dearer against Backpack than usual: you sell high and buy low, +$21 on $10k if it goes back to its 7-day average of −0.010%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack DOT_USDC_PERP | 1.1954 | 0.0098 | pay 0.0012% / 1h | 52m 33s | $96K | $129K | 10x |
| Short | Binance DOTUSDT | 1.1978 | 0.0100 | get 0.0100% / 8h | 6h 52m | $44.0M | $84.3M | 75x |
Backpack DOT_USDC_PERP
Binance DOTUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Backpack. 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
- $0.41
- Price spread: +0.197% → −0.010%
- $20.68
- Slippage, 4 orders
- −$11.81
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$10.72
- Costs to cover
- 0.318%
- Break-even
- 189.6 days
Slippage from Backpack: live order book, 15 min ago; Binance: 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 Backpack live order book, 15 min ago | 0.41 bp | 6.7 bp −$7 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 5 min ago | 0.42 bp | 10.5 bp −$10 | 22.3 bp −$223 | 63.6 bp −$6,363 | 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 | −0.1754% | 1h | 1.1950 | −0.033% | $218K | $116K | 50x | as long as short |
| Reya DOTRUSDPERP | −0.0166% | 1h | 1.1964 | +0.085% | $259 | — | — | as long as short |
| Coinbase International DOT-PERP-INTX | −0.0024% | 1h | 1.1930 | −0.201% | $196K | $1.8M | 50x | as long as short |
| gTrade (Gains Network) DOT/USD | L −0.0002% / S +0.0004% | 1h | 1.1939 | −0.125% | $14K | — | 150x | as long as short |
| dYdX DOT-USD | 0.0000% | 1h | 1.1971 | +0.143% | $144K | $6K | 10x | as long as short |
| OKX DOT-USDT-SWAP | +0.0019% | 8h | 1.1968 | +0.117% | $9.3M | $24.3M | 50x | as long as short |
| Injective DOT/USDC PERP | +0.0033% | 1h | 1.2020 | +0.552% | $328 | $121K | 12x | as long as short |
| KuCoin DOTUSDTM | +0.0076% | 8h | 1.1963 | +0.075% | $6.5M | $9.2M | 75x | as long as short |
| Lighter DOT | +0.0096% | 1h | 1.1966 | +0.100% | $242K | $597K | 10x | as long as short |
| Backpack DOT_USDC_PERPlong | +0.0098% | 1h | 1.1954 | long leg | $96K | $129K | 10x |
Deribit DOT_USDC-PERPETUAL
Reya DOTRUSDPERP
Coinbase International DOT-PERP-INTX
gTrade (Gains Network) DOT/USD
dYdX DOT-USD
OKX DOT-USDT-SWAP
Injective DOT/USDC PERP
KuCoin DOTUSDTM
Lighter DOTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid DOT | +0.0100% | 1h | 1.1970 | +0.134% | $5.4M | $3.4M | 10x | as long as short |
| Aster DOTUSDT | +0.0100% | 8h | 1.1951 | −0.022% | $869K | $704K | 50x | as long as short |
| Binance DOTUSDTshort | +0.0100% | 8h | 1.1978 | +0.197% | $44.0M | $84.3M | 75x | |
| Bybit DOTUSDT | +0.0100% | 8h | 1.1975 | +0.176% | $24.7M | $18.9M | 75x | as long as short |
| Gate DOT_USDT | +0.0100% | 8h | 1.1960 | +0.050% | $6.7M | $11.3M | 75x | as long as short |
| MEXC DOT_USDT | +0.0100% | 8h | 1.1964 | +0.084% | $30.5M | $44.5M | 300x | as long as short |
| Bitget DOTUSDT | +0.0100% | 8h | 1.1972 | +0.151% | $22.8M | $14.7M | 75x | as long as short |
| BingX DOT-USDT | +0.0100% | 8h | 1.1967 | +0.109% | — | $30.1M | — | as long as short |
| Variational Omni DOT | +0.0100% | 8h | 1.1904 | −0.421% | $542K | $59K | — | as long as short |
| edgeX DOTUSDC | +0.0100% | 4h | 1.1969 | +0.122% | $35K | $333K | 20x | as long as short |
| GRVT DOT_USDT_Perp | +0.0100% | 8h | 1.1883 | −0.590% | $227K | $412K | 10x | as long as short |
| Orderly PERP_DOT_USDC | +0.0100% | 8h | 1.1940 | −0.117% | $8K | $23K | 10x | as long as short |
| SunX DOT-USDT | +0.0100% | 8h | 1.1960 | +0.050% | $2K | $1.3M | 20x | as long as short |
| HTX DOT-USDT | +0.0100% | 8h | 1.1875 | −0.661% | $247K | $223K | 75x | as long as short |
| Extended DOT-USD | +0.0104% | 1h | 1.1966 | +0.100% | $14K | $301K | 25x | as long as short |
| Kraken Futures PF_DOTUSD | +0.0196% | 1h | 1.1948 | −0.051% | $4.5M | $1.4M | 50x | as long as short |
| BloFin DOT-USDT | +0.0220% | 8h | 1.1934 | −0.167% | $2.2M | $793K | 75x | as long as short |
| GMX DOT/USD [WBTC.b-USDC] | L +0.0302% / S −0.1012% | 1h | 1.1939 | −0.124% | $22K | — | 100x | as long as short |
| Phemex DOTUSDT | +0.0693% | 8h | 1.1950 | −0.033% | $2.3M | $2.1M | 50x | as long as short |
Hyperliquid DOT
Aster DOTUSDT
Bybit DOTUSDT
Gate DOT_USDT
MEXC DOT_USDT
Bitget DOTUSDT
BingX DOT-USDT
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
BloFin DOT-USDT
GMX DOT/USD [WBTC.b-USDC]
Phemex DOTUSDT