Funding you earn now, next payment 23:00 UTC+0.0120%/8h= +13.1% APRpaid last 24h −0.002%
Price spread now: BloFin against Backpack−0.033%66s7-day average −0.021% · you buy dearer than you sell
Net, funding: paid 7d − costs−$16as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$320.321% of the position
Funding, last 7 days+0.161%+$16 on $10k
+Price spread, last 3 days (all we have)−0.011%−$1 · spread now −0.033%, 7d avg −0.021%
=The price spread sits at its 7-day average of −0.021%, so right now this pair is about funding alone: +$4 a day on $10k at the current rate. The two prices were read 66 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack DOT_USDC_PERP | 1.2087 | 0.0100 | pay 0.0013% / 1h | 2m 09s | $97K | $129K | 10x |
| Short | BloFin DOT-USDT | 1.2083 | 0.0220 | get 0.0220% / 8h | 1h 02m | $2.3M | $780K | 75x |
Backpack DOT_USDC_PERP
BloFin DOT-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- $25.2
- Price spread: −0.033% → −0.021%
- −$1.24
- Slippage, 4 orders
- −$10.11
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$8.15
- Costs to cover
- 0.321%
- Break-even
- 9.3 days
Slippage from Backpack: live order book, 16 min ago; BloFin: live order book, 11 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, 16 min ago | 0.41 bp | 7.7 bp −$8 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 11 min ago | 0.41 bp | 11.3 bp −$11 | 21.0 bp −$210 | 50.6 bp −$5,058 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Reya DOTRUSDPERP | −0.0166% | 1h | 1.2084 | −0.024% | $262 | — | — | as long as short |
| Coinbase International DOT-PERP-INTX | −0.0128% | 1h | 1.2090 | +0.025% | $209K | $1.9M | 50x | as long as short |
| Kraken Futures PF_DOTUSD | −0.0053% | 1h | 1.2098 | +0.093% | $4.5M | $1.4M | 50x | as long as short |
| Injective DOT/USDC PERP | −0.0040% | 1h | 1.2020 | −0.554% | $328 | $121K | 12x | as long as short |
| OKX DOT-USDT-SWAP | −0.0009% | 8h | 1.2082 | −0.041% | $9.6M | $23.9M | 50x | as long as short |
| dYdX DOT-USD | 0.0000% | 1h | 1.2090 | +0.024% | $146K | $6K | 10x | as long as short |
| gTrade (Gains Network) DOT/USD | L 0.0000% / S +0.0004% | 1h | 1.2093 | +0.048% | $5K | — | 150x | as long as short |
| KuCoin DOTUSDTM | +0.0045% | 8h | 1.2088 | +0.008% | $6.8M | $8.7M | 75x | as long as short |
| Deribit DOT_USDC-PERPETUAL | +0.0081% | 1h | 1.2097 | +0.083% | $221K | $117K | 50x | as long as short |
| Lighter DOT | +0.0096% | 1h | 1.2089 | +0.014% | $247K | $602K | 10x | as long as short |
Reya DOTRUSDPERP
Coinbase International DOT-PERP-INTX
Kraken Futures PF_DOTUSD
Injective DOT/USDC PERP
OKX DOT-USDT-SWAP
dYdX DOT-USD
gTrade (Gains Network) DOT/USD
KuCoin DOTUSDTM
Deribit DOT_USDC-PERPETUAL
Lighter DOTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid DOT | +0.0100% | 1h | 1.2092 | +0.041% | $5.4M | $3.3M | 10x | as long as short |
| Aster DOTUSDT | +0.0100% | 8h | 1.2086 | −0.004% | $882K | $689K | 50x | as long as short |
| Binance DOTUSDT | +0.0100% | 8h | 1.2085 | −0.016% | $44.7M | $81.6M | 75x | as long as short |
| Bybit DOTUSDT | +0.0100% | 8h | 1.2079 | −0.066% | $24.8M | $18.4M | 75x | as long as short |
| Gate DOT_USDT | +0.0100% | 8h | 1.2090 | +0.025% | $6.9M | $11.7M | 75x | as long as short |
| MEXC DOT_USDT | +0.0100% | 8h | 1.2087 | 0.000% | $29.7M | $38.4M | 300x | as long as short |
| Bitget DOTUSDT | +0.0100% | 8h | 1.2084 | −0.025% | $23.3M | $14.8M | 75x | as long as short |
| BingX DOT-USDT | +0.0100% | 8h | 1.2085 | −0.017% | — | $28.5M | — | as long as short |
| Backpack DOT_USDC_PERPlong | +0.0100% | 1h | 1.2087 | long leg | $97K | $129K | 10x | |
| Variational Omni DOT | +0.0100% | 8h | 1.2065 | −0.183% | $549K | $61K | — | as long as short |
| edgeX DOTUSDC | +0.0100% | 4h | 1.2092 | +0.045% | $35K | $333K | 20x | as long as short |
| GRVT DOT_USDT_Perp | +0.0100% | 8h | 1.2094 | +0.057% | $234K | $457K | 10x | as long as short |
| Orderly PERP_DOT_USDC | +0.0100% | 8h | 1.2080 | −0.058% | $8K | $24K | 10x | as long as short |
| SunX DOT-USDT | +0.0100% | 8h | 1.2104 | +0.141% | $2K | $1.3M | 20x | as long as short |
| HTX DOT-USDT | +0.0100% | 8h | 1.2106 | +0.157% | $250K | $219K | 75x | as long as short |
| Extended DOT-USD | +0.0104% | 1h | 1.2082 | −0.044% | $15K | $235K | 25x | as long as short |
| BloFin DOT-USDTshort | +0.0220% | 8h | 1.2083 | −0.033% | $2.3M | $780K | 75x | |
| Phemex DOTUSDT | +0.0303% | 8h | 1.2100 | +0.108% | $2.2M | $2.1M | 50x | as long as short |
| GMX DOT/USD [WBTC.b-USDC] | L +0.0305% / S −0.1025% | 1h | 1.2091 | +0.033% | $23K | — | 100x | as long as short |
Hyperliquid DOT
Aster DOTUSDT
Binance 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
Phemex DOTUSDT
GMX DOT/USD [WBTC.b-USDC]