Funding you earn now, next payment 21:00 UTC−0.0163%/8h= −17.9% APRpaid last 24h −0.051%
Price spread now: Coinbase International against Binance+0.097%7-day average +0.018% · you sell dearer than you buy
Net, funding: paid 7d − costs−$66as in the Funding arb table
Net, price: spread back to 7d avg − costs−$43as in the Price arb table
costs, in and out, $10k−$510.509% of the position
Funding, last 7 days−0.150%−$15 on $10k
+Price spread, last 3 days (all we have)−0.160%−$16 · spread now +0.097%, 7d avg +0.018%
=The price spread pays, funding is against you. Coinbase International is 0.079% dearer against Binance than usual: you sell high and buy low (spread +0.097% now, against its 7-day average of +0.018%): +$8 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 39 hours. At the pace of the last 7 days (−0.150% in total) that is about 3.7 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance DOTUSDT | 1.1958 | 0.0099 | pay 0.0099% / 8h | 2h 16m | $44.1M | $81.0M | 75x |
| Short | Coinbase International DOT-PERP-INTX | 1.1970 | −0.0064 | pay 0.0008% / 1h | 16m 24s | $186K | $1.8M | 50x |
Binance DOTUSDT
Coinbase International DOT-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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
- −$34.32
- Price spread: +0.097% → +0.018%
- $7.91
- Slippage, 4 orders
- −$30.95
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$77.36
- Costs to cover
- 0.509%
- Break-even
- never at this rate
Slippage from Binance: live order book, 11 min ago; Coinbase International: live order book, 2 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, 11 min ago | 0.42 bp | 8.2 bp −$8 | 19.7 bp −$197 | 65.3 bp −$6,527 | doesn't fit |
| Sell Coinbase International live order book, 2 min ago | 4.17 bp | 16.3 bp −$16 | 21.9 bp −$219 | 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 | −0.0668% | 1h | 1.1971 | +0.106% | $219K | $118K | 50x | as long as short |
| Reya DOTRUSDPERP | −0.0166% | 1h | 1.1956 | −0.022% | $259 | — | — | as long as short |
| Kraken Futures PF_DOTUSD | −0.0128% | 1h | 1.1970 | +0.096% | $4.5M | $1.3M | 50x | as long as short |
| Injective DOT/USDC PERP | −0.0080% | 1h | 1.2020 | +0.515% | $328 | $121K | 12x | as long as short |
| Coinbase International DOT-PERP-INTXshort | −0.0064% | 1h | 1.1970 | +0.097% | $186K | $1.8M | 50x | |
| OKX DOT-USDT-SWAP | −0.0029% | 8h | 1.1954 | −0.036% | $9.4M | $23.4M | 50x | as long as short |
| dYdX DOT-USD | 0.0000% | 1h | 1.1967 | +0.076% | $144K | $6K | 10x | as long as short |
| gTrade (Gains Network) DOT/USD | L 0.0000% / S +0.0004% | 1h | 1.1967 | +0.076% | $5K | — | 150x | as long as short |
| KuCoin DOTUSDTM | +0.0019% | 8h | 1.1961 | +0.022% | $6.8M | $8.7M | 75x | as long as short |
| Lighter DOT | +0.0096% | 1h | 1.1961 | +0.019% | $267K | $580K | 10x | as long as short |
Deribit DOT_USDC-PERPETUAL
Reya DOTRUSDPERP
Kraken Futures PF_DOTUSD
Injective DOT/USDC PERP
OKX DOT-USDT-SWAP
dYdX DOT-USD
gTrade (Gains Network) DOT/USD
KuCoin DOTUSDTM
Lighter DOTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended DOT-USD | +0.0096% | 1h | 1.1953 | −0.041% | $15K | $240K | 25x | as long as short |
| MEXC DOT_USDT | +0.0099% | 8h | 1.1961 | +0.022% | $34.6M | $35.6M | 300x | as long as short |
| Binance DOTUSDTlong | +0.0099% | 8h | 1.1958 | long leg | $44.1M | $81.0M | 75x | |
| Hyperliquid DOT | +0.0100% | 1h | 1.1974 | +0.131% | $5.3M | $3.1M | 10x | as long as short |
| Aster DOTUSDT | +0.0100% | 8h | 1.1979 | +0.174% | $890K | $649K | 50x | as long as short |
| Bybit DOTUSDT | +0.0100% | 8h | 1.1958 | −0.003% | $24.5M | $17.8M | 75x | as long as short |
| Gate DOT_USDT | +0.0100% | 8h | 1.1960 | +0.014% | $6.9M | $11.5M | 75x | as long as short |
| Bitget DOTUSDT | +0.0100% | 8h | 1.1968 | +0.081% | $22.9M | $13.9M | 75x | as long as short |
| BingX DOT-USDC | +0.0100% | 8h | 1.1959 | +0.005% | — | $1.3M | — | as long as short |
| Backpack DOT_USDC_PERP | +0.0100% | 1h | 1.1967 | +0.072% | $99K | $127K | 10x | as long as short |
| Variational Omni DOT | +0.0100% | 8h | 1.2013 | +0.456% | $547K | $91K | — | as long as short |
| edgeX DOTUSDC | +0.0100% | 4h | 1.1979 | +0.174% | $35K | $333K | 20x | as long as short |
| GRVT DOT_USDT_Perp | +0.0100% | 8h | 1.1970 | +0.097% | $232K | $469K | 10x | as long as short |
| Orderly PERP_DOT_USDC | +0.0100% | 8h | 1.1960 | +0.014% | $8K | $26K | 10x | as long as short |
| SunX DOT-USDT | +0.0100% | 8h | 1.1983 | +0.206% | $2K | $1.2M | 20x | as long as short |
| HTX DOT-USDT | +0.0100% | 8h | 1.1961 | +0.022% | $247K | $219K | 75x | as long as short |
| BloFin DOT-USDT | +0.0219% | 8h | 1.1970 | +0.097% | $2.3M | $763K | 75x | as long as short |
| GMX DOT/USD [WBTC.b-USDC] | L +0.0297% / S −0.0774% | 1h | 1.1964 | +0.050% | $22K | — | 100x | as long as short |
| Phemex DOTUSDT | +0.0329% | 8h | 1.1980 | +0.181% | $2.2M | $2.1M | 50x | as long as short |
Extended DOT-USD
MEXC DOT_USDT
Hyperliquid DOT
Aster DOTUSDT
Bybit DOTUSDT
Gate DOT_USDT
Bitget DOTUSDT
BingX DOT-USDC
Backpack DOT_USDC_PERP
Variational Omni DOT
edgeX DOTUSDC
GRVT DOT_USDT_Perp
Orderly PERP_DOT_USDC
SunX DOT-USDT
HTX DOT-USDT
BloFin DOT-USDT
GMX DOT/USD [WBTC.b-USDC]
Phemex DOTUSDT