Funding you earn now, next payment 03:00 UTC−0.0100%/8h= −10.9% APRnext payment −$0.13 per $10,000 · paid last 24h −0.034%
Price spread now: dYdX against Backpack+0.105%7-day average +0.013% · you sell dearer than you buy
Net, funding: paid 7d − costs−$285as in the Funding arb table
Net, price: spread back to 7d avg − costs−$262as in the Price arb table
costs, in and out, $10k−$2712.715% of the position
Funding, last 7 days−0.138%−$14 on $10k
+Price spread, last 4 days (all we have)+0.349%+$35 · spread now +0.105%, 7d avg +0.013%
=The price spread pays, funding is against you. dYdX is 0.092% dearer against Backpack than usual: you sell high and buy low (spread +0.105% now, against its 7-day average of +0.013%): +$9 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 3.1 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack DOT_USDC_PERP | 1.1982 | 0.0100 | pay 0.0013% / 1h | 21m 13s | $93K | $131K | 10x |
| Short | dYdX DOT-USD | 1.1995 | 0 | get 0.0000% / 1h | 21m 13s | $144K | $6K | 10x |
Backpack DOT_USDC_PERP
dYdX DOT-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
dYdX 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
- −$21
- Price spread: +0.105% → +0.013%
- $9.18
- Slippage, 4 orders
- −$251.47
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee dYdX: 5 bp × 2 orders
- −$10
- Net
- −$283.3
- Costs to cover
- 2.715%
- Break-even
- never at this rate
Slippage from Backpack: live order book, 42 min ago; dYdX: live order book, 43 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, 42 min ago | 0.42 bp | 6.2 bp −$6 | doesn't fit | doesn't fit | doesn't fit |
| Sell dYdX live order book, 43 min ago | 124.58 bp | 129.6 bp −$130 | 172.2 bp −$1,722 | 186.5 bp −$18.6K | 610.0 bp −$305.0K |
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 | −0.1914% | 1h | 1.1990 | +0.067% | $229K | $115K | 50x | as long as short |
| Coinbase International DOT-PERP-INTX | −0.0376% | 1h | 1.1990 | +0.067% | $197K | $2.0M | 50x | as long as short |
| Reya DOTRUSDPERP | −0.0166% | 1h | 1.1989 | +0.063% | $259 | — | — | as long as short |
| dYdX DOT-USDshort | 0.0000% | 1h | 1.1995 | +0.105% | $144K | $6K | 10x | |
| gTrade (Gains Network) DOT/USD | L 0.0000% / S +0.0004% | 1h | 1.1990 | +0.067% | $3K | — | 150x | as long as short |
| Injective DOT/USDC PERP | +0.0033% | 1h | 1.2020 | +0.317% | $328 | $121K | 12x | as long as short |
| Lighter DOT | +0.0096% | 1h | 1.1987 | +0.044% | $272K | $632K | 10x | as long as short |
| OKX DOT-USDT-SWAP | +0.0097% | 8h | 1.1984 | +0.017% | $9.4M | $24.3M | 50x | as long as short |
| Hyperliquid DOT | +0.0100% | 1h | 1.1985 | +0.025% | $5.4M | $3.5M | 10x | as long as short |
| Aster DOTUSDT | +0.0100% | 8h | 1.2000 | +0.150% | $866K | $707K | 50x | as long as short |
Deribit DOT_USDC-PERPETUAL
Coinbase International DOT-PERP-INTX
Reya DOTRUSDPERP
gTrade (Gains Network) DOT/USD
Injective DOT/USDC PERP
Lighter DOT
OKX DOT-USDT-SWAP
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 | 1.1986 | +0.030% | $44.1M | $85.3M | 75x | as long as short |
| Bybit DOTUSDT | +0.0100% | 8h | 1.1983 | +0.008% | $24.7M | $19.0M | 75x | as long as short |
| Gate DOT_USDT | +0.0100% | 8h | 1.1990 | +0.067% | $6.8M | $11.8M | 75x | as long as short |
| MEXC DOT_USDT | +0.0100% | 8h | 1.1984 | +0.017% | $32.5M | $49.6M | 300x | as long as short |
| KuCoin DOTUSDTM | +0.0100% | 8h | 1.1991 | +0.075% | $6.6M | $9.2M | 75x | as long as short |
| Bitget DOTUSDT | +0.0100% | 8h | 1.1980 | −0.017% | $22.9M | $14.9M | 75x | as long as short |
| BingX DOT-USDT | +0.0100% | 8h | 1.1985 | +0.025% | — | $29.7M | — | as long as short |
| Backpack DOT_USDC_PERPlong | +0.0100% | 1h | 1.1982 | long leg | $93K | $131K | 10x | |
| Variational Omni DOT | +0.0100% | 8h | 1.1941 | −0.342% | $543K | $58K | — | as long as short |
| edgeX DOTUSDC | +0.0100% | 4h | 1.1956 | −0.220% | $35K | $334K | 20x | as long as short |
| GRVT DOT_USDT_Perp | +0.0100% | 8h | 1.2011 | +0.241% | $229K | $427K | 10x | as long as short |
| Orderly PERP_DOT_USDC | +0.0100% | 8h | 1.1990 | +0.067% | $8K | $24K | 10x | as long as short |
| SunX DOT-USDT | +0.0100% | 8h | 1.2013 | +0.259% | $2K | $1.3M | 20x | as long as short |
| HTX DOT-USDT | +0.0100% | 8h | 1.1990 | +0.067% | $261K | $242K | 75x | as long as short |
| Extended DOT-USD | +0.0104% | 1h | 1.1978 | −0.034% | $17K | $300K | 25x | as long as short |
| BloFin DOT-USDT | +0.0220% | 8h | 1.1981 | −0.008% | $2.2M | $879K | 75x | as long as short |
| Phemex DOTUSDT | +0.0256% | 8h | 1.2000 | +0.150% | $2.3M | $2.2M | 50x | as long as short |
| GMX DOT/USD [WBTC.b-USDC] | L +0.0303% / S −0.1012% | 1h | 1.1989 | +0.058% | $22K | — | 100x | as long as short |
| Kraken Futures PF_DOTUSD | +0.0409% | 1h | 1.1989 | +0.061% | $4.5M | $1.5M | 50x | as long as short |
Binance DOTUSDT
Bybit DOTUSDT
Gate DOT_USDT
MEXC DOT_USDT
KuCoin DOTUSDTM
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
BloFin DOT-USDT
Phemex DOTUSDT
GMX DOT/USD [WBTC.b-USDC]
Kraken Futures PF_DOTUSD