Funding you earn now, next payment 04:00 UTC−0.0056%/8h= −6.1% APRpaid last 24h +0.015%
Price spread now: Backpack against Binance+0.033%7-day average +0.011% · you sell dearer than you buy
Net, funding: paid 7d − costs−$25as in the Funding arb table
Net, price: spread back to 7d avg − costs−$28as in the Price arb table
costs, in and out, $10k−$300.305% of the position
Funding, last 7 days+0.060%+$6 on $10k
+Price spread, last 4 days (all we have)−0.513%−$51 · spread now +0.033%, 7d avg +0.011%
=The price spread pays, funding is against you. Backpack is 0.022% dearer against Binance than usual: you sell high and buy low (spread +0.033% now, against its 7-day average of +0.011%): +$2 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 31 hours. Mind the row above: over the last 7 days funding on this pair paid +0.060%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance DOTUSDT | 1.1839 | 0.0100 | pay 0.0100% / 8h | 4h 58m | $43.5M | $85.1M | 75x |
| Short | Backpack DOT_USDC_PERP | 1.1843 | 0.0044 | get 0.0006% / 1h | 58m 08s | $92K | $129K | 10x |
Binance DOTUSDT
Backpack DOT_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Binance. 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
- −$11.76
- Price spread: +0.033% → +0.011%
- $2.2
- Slippage, 4 orders
- −$10.46
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$40.02
- Costs to cover
- 0.305%
- Break-even
- never at this rate
Slippage from Binance: live order book, 15 min ago; Backpack: live order book, 65 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 Binance live order book, 15 min ago | 0.42 bp | 9.7 bp −$10 | 14.7 bp −$147 | 58.4 bp −$5,837 | doesn't fit |
| Sell Backpack live order book, 65 min ago | 0.42 bp | 6.1 bp −$6 | doesn't fit | doesn't fit | 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 | −0.2440% | 1h | 1.1865 | +0.219% | $226K | $114K | 50x | as long as short |
| Coinbase International DOT-PERP-INTX | −0.0608% | 1h | 1.1860 | +0.177% | $195K | $1.9M | 50x | as long as short |
| Reya DOTRUSDPERP | −0.0166% | 1h | 1.1859 | +0.170% | $257 | — | — | as long as short |
| dYdX DOT-USD | 0.0000% | 1h | 1.1885 | +0.389% | $143K | $6K | 10x | as long as short |
| gTrade (Gains Network) DOT/USD | L 0.0000% / S +0.0004% | 1h | 1.1864 | +0.207% | $3K | — | 150x | as long as short |
| Injective DOT/USDC PERP | +0.0033% | 1h | 1.2020 | +1.529% | $328 | $121K | 12x | as long as short |
| Backpack DOT_USDC_PERPshort | +0.0044% | 1h | 1.1843 | +0.033% | $92K | $129K | 10x | |
| Lighter DOT | +0.0096% | 1h | 1.1853 | +0.120% | $268K | $632K | 10x | as long as short |
| OKX DOT-USDT-SWAP | +0.0100% | 8h | 1.1827 | −0.102% | $9.4M | $24.1M | 50x | as long as short |
| Hyperliquid DOT | +0.0100% | 1h | 1.1844 | +0.042% | $5.3M | $3.5M | 10x | 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
Lighter DOT
OKX DOT-USDT-SWAP
Hyperliquid DOTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster DOTUSDT | +0.0100% | 8h | 1.1869 | +0.250% | $857K | $709K | 50x | as long as short |
| Binance DOTUSDTlong | +0.0100% | 8h | 1.1839 | long leg | $43.5M | $85.1M | 75x | |
| Bybit DOTUSDT | +0.0100% | 8h | 1.1828 | −0.093% | $24.3M | $19.0M | 75x | as long as short |
| Gate DOT_USDT | +0.0100% | 8h | 1.1840 | +0.008% | $6.7M | $11.7M | 75x | as long as short |
| MEXC DOT_USDT | +0.0100% | 8h | 1.1842 | +0.025% | $34.6M | $50.4M | 300x | as long as short |
| KuCoin DOTUSDTM | +0.0100% | 8h | 1.1858 | +0.160% | $6.5M | $9.1M | 75x | as long as short |
| Bitget DOTUSDT | +0.0100% | 8h | 1.1840 | +0.008% | $22.6M | $14.8M | 75x | as long as short |
| BingX DOT-USDT | +0.0100% | 8h | 1.1841 | +0.017% | — | $29.7M | — | as long as short |
| Variational Omni DOT | +0.0100% | 8h | 1.1873 | +0.287% | $540K | $58K | — | as long as short |
| edgeX DOTUSDC | +0.0100% | 4h | 1.1871 | +0.271% | $35K | $336K | 20x | as long as short |
| GRVT DOT_USDT_Perp | +0.0100% | 8h | 1.1874 | +0.295% | $226K | $407K | 10x | as long as short |
| Orderly PERP_DOT_USDC | +0.0100% | 8h | 1.1860 | +0.177% | $8K | $24K | 10x | as long as short |
| SunX DOT-USDT | +0.0100% | 8h | 1.1870 | +0.262% | $2K | $1.3M | 20x | as long as short |
| HTX DOT-USDT | +0.0100% | 8h | 1.1877 | +0.321% | $258K | $242K | 75x | as long as short |
| Extended DOT-USD | +0.0104% | 1h | 1.1850 | +0.095% | $14K | $303K | 25x | as long as short |
| Phemex DOTUSDT | +0.0208% | 8h | 1.1860 | +0.177% | $2.3M | $2.2M | 50x | as long as short |
| Kraken Futures PF_DOTUSD | +0.0214% | 1h | 1.1860 | +0.173% | $4.4M | $1.5M | 50x | as long as short |
| BloFin DOT-USDT | +0.0220% | 8h | 1.1867 | +0.236% | $2.2M | $873K | 75x | as long as short |
| GMX DOT/USD [WBTC.b-USDC] | L +0.0302% / S −0.1012% | 1h | 1.1863 | +0.206% | $22K | — | 100x | as long as short |
Aster 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
Phemex DOTUSDT
Kraken Futures PF_DOTUSD
BloFin DOT-USDT
GMX DOT/USD [WBTC.b-USDC]