Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.004%
Price spread now: Bybit against Backpack−0.084%45s7-day average −0.047% · you buy dearer than you sell
Net, funding: paid 7d − costs−$34as 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−$340.337% of the position
Funding, last 7 days−0.001%$0 on $10k
+Price spread, last 4 days (all we have)+0.546%+$55 · spread now −0.084%, 7d avg −0.047%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.037% cheaper against Backpack than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.047%. The two prices were read 45 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 | 1.1912 | 0.0100 | pay 0.0013% / 1h | 47m 15s | $93K | $125K | 10x |
| Short | Bybit DOTUSDT | 1.1902 | 0.0100 | get 0.0100% / 8h | 5h 47m | $24.4M | $18.9M | 75x |
Backpack DOT_USDC_PERP
Bybit DOTUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- Price spread: −0.084% → −0.047%
- −$3.71
- Slippage, 4 orders
- −$12.74
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$37.45
- Costs to cover
- 0.337%
- Break-even
- never at this rate
Slippage from Backpack: live order book, 16 min ago; Bybit: live order book, 1 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 | 0.42 bp | 6.2 bp −$6 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 1 min ago | 0.42 bp | 11.0 bp −$11 | 23.6 bp −$236 | 68.9 bp −$6,889 | 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 | −0.2347% | 1h | 1.1907 | −0.042% | $227K | $116K | 50x | as long as short |
| Coinbase International DOT-PERP-INTX | −0.0376% | 1h | 1.1910 | −0.017% | $196K | $2.0M | 50x | as long as short |
| Reya DOTRUSDPERP | −0.0166% | 1h | 1.1897 | −0.126% | $257 | — | — | as long as short |
| dYdX DOT-USD | 0.0000% | 1h | 1.1910 | −0.019% | $143K | $6K | 10x | as long as short |
| gTrade (Gains Network) DOT/USD | L 0.0000% / S +0.0004% | 1h | 1.1904 | −0.067% | $3K | — | 150x | as long as short |
| Injective DOT/USDC PERP | +0.0033% | 1h | 1.2020 | +0.907% | $328 | $121K | 12x | as long as short |
| OKX DOT-USDT-SWAP | +0.0077% | 8h | 1.1895 | −0.143% | $9.3M | $24.1M | 50x | as long as short |
| Lighter DOT | +0.0096% | 1h | 1.1903 | −0.072% | $270K | $630K | 10x | as long as short |
| Hyperliquid DOT | +0.0100% | 1h | 1.1904 | −0.067% | $5.3M | $3.5M | 10x | as long as short |
| Aster DOTUSDT | +0.0100% | 8h | 1.1916 | +0.035% | $862K | $705K | 50x | as long as short |
Deribit DOT_USDC-PERPETUAL
Coinbase International DOT-PERP-INTX
Reya DOTRUSDPERP
dYdX DOT-USD
gTrade (Gains Network) DOT/USD
Injective DOT/USDC PERP
OKX DOT-USDT-SWAP
Lighter DOT
Hyperliquid DOT
Aster DOTUSDTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance DOTUSDT | +0.0100% | 8h | 1.1904 | −0.067% | $43.9M | $84.7M | 75x | as long as short |
| Bybit DOTUSDTshort | +0.0100% | 8h | 1.1902 | −0.084% | $24.4M | $18.9M | 75x | |
| Gate DOT_USDT | +0.0100% | 8h | 1.1900 | −0.101% | $6.7M | $11.7M | 75x | as long as short |
| MEXC DOT_USDT | +0.0100% | 8h | 1.1901 | −0.092% | $28.8M | $48.0M | 300x | as long as short |
| KuCoin DOTUSDTM | +0.0100% | 8h | 1.1901 | −0.092% | $6.4M | $9.2M | 75x | as long as short |
| Bitget DOTUSDT | +0.0100% | 8h | 1.1893 | −0.160% | $22.7M | $14.7M | 75x | as long as short |
| BingX DOT-USDC | +0.0100% | 8h | 1.1903 | −0.076% | — | $1.3M | — | as long as short |
| Backpack DOT_USDC_PERPlong | +0.0100% | 1h | 1.1912 | long leg | $93K | $125K | 10x | |
| Variational Omni DOT | +0.0100% | 8h | 1.1975 | +0.530% | $545K | $58K | — | as long as short |
| edgeX DOTUSDC | +0.0100% | 4h | 1.1920 | +0.067% | $35K | $335K | 20x | as long as short |
| GRVT DOT_USDT_Perp | +0.0100% | 8h | 1.1975 | +0.528% | $233K | $431K | 10x | as long as short |
| Orderly PERP_DOT_USDC | +0.0100% | 8h | 1.1900 | −0.101% | $8K | $23K | 10x | as long as short |
| SunX DOT-USDT | +0.0100% | 8h | 1.1924 | +0.101% | $2K | $1.3M | 20x | as long as short |
| HTX DOT-USDT | +0.0100% | 8h | 1.1913 | +0.008% | $259K | $241K | 75x | as long as short |
| Extended DOT-USD | +0.0104% | 1h | 1.1894 | −0.147% | $17K | $303K | 25x | as long as short |
| BloFin DOT-USDT | +0.0220% | 8h | 1.1905 | −0.059% | — | $854K | 75x | as long as short |
| GMX DOT/USD [WBTC.b-USDC] | L +0.0302% / S −0.1012% | 1h | 1.1902 | −0.080% | $22K | — | 100x | as long as short |
| Phemex DOTUSDT | +0.0307% | 8h | 1.1910 | −0.017% | $2.3M | $2.2M | 50x | as long as short |
| Kraken Futures PF_DOTUSD | +0.0412% | 1h | 1.1904 | −0.067% | $4.4M | $1.5M | 50x | as long as short |
Binance DOTUSDT
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
BloFin DOT-USDT
GMX DOT/USD [WBTC.b-USDC]
Phemex DOTUSDT
Kraken Futures PF_DOTUSD