Funding you earn now, next payment 03:00 UTC−0.2186%/8h= −239.4% APRpaid last 24h −0.130%
Price spread now: Deribit against Binance+0.015%7-day average +0.066% · you sell dearer than you buy
Net, funding: paid 7d − costs−$121as in the Funding arb table
Net, price: spread back to 7d avg − costs−$47as in the Price arb table
costs, in and out, $10k−$420.421% of the position
Funding, last 7 days−0.792%−$79 on $10k
+Price spread, last 4 days (all we have)−0.193%−$19 · spread now +0.015%, 7d avg +0.066%
=Both sides work against this trade now: funding costs −$66 a day on $10k at the current rate, and Deribit is 0.051% cheaper against Binance than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.066%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.792% in total (about -41.3% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance DOTUSDT | 1.1957 | 0.0100 | pay 0.0100% / 8h | 5h 18m | $43.9M | $85.3M | 75x |
| Short | Deribit DOT_USDC-PERPETUAL | 1.1959 | −0.2086 | pay 0.0261% / 1h | 18m 24s | $228K | $115K | 50x |
Binance DOTUSDT
Deribit DOT_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- −$459.06
- Price spread: +0.015% → +0.066%
- −$5.1
- Slippage, 4 orders
- −$25.06
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$506.21
- Costs to cover
- 0.421%
- Break-even
- never at this rate
Slippage from Binance: live order book, 9 min ago; Deribit: live order book, 45 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, 9 min ago | 0.42 bp | 10.0 bp −$10 | 20.8 bp −$208 | 62.4 bp −$6,235 | doesn't fit |
| Sell Deribit live order book, 45 min ago | 3.74 bp | 13.8 bp −$14 | 25.4 bp −$254 | 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-PERPETUALshort | −0.2086% | 1h | 1.1959 | +0.015% | $228K | $115K | 50x | |
| Coinbase International DOT-PERP-INTX | −0.0376% | 1h | 1.1960 | +0.023% | $197K | $2.0M | 50x | as long as short |
| Reya DOTRUSDPERP | −0.0166% | 1h | 1.1958 | +0.003% | $259 | — | — | as long as short |
| dYdX DOT-USD | 0.0000% | 1h | 1.1968 | +0.088% | $144K | $6K | 10x | as long as short |
| gTrade (Gains Network) DOT/USD | L 0.0000% / S +0.0004% | 1h | 1.1956 | −0.010% | $3K | — | 150x | as long as short |
| Injective DOT/USDC PERP | +0.0033% | 1h | 1.2020 | +0.525% | $328 | $121K | 12x | as long as short |
| Lighter DOT | +0.0096% | 1h | 1.1973 | +0.131% | $271K | $632K | 10x | as long as short |
| OKX DOT-USDT-SWAP | +0.0098% | 8h | 1.1957 | −0.002% | $9.4M | $24.2M | 50x | as long as short |
| Hyperliquid DOT | +0.0100% | 1h | 1.1963 | +0.048% | $5.4M | $3.5M | 10x | as long as short |
| Aster DOTUSDT | +0.0100% | 8h | 1.1980 | +0.190% | $864K | $707K | 50x | as long as short |
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 DOT
Aster DOTUSDTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance DOTUSDTlong | +0.0100% | 8h | 1.1957 | long leg | $43.9M | $85.3M | 75x | |
| Bybit DOTUSDT | +0.0100% | 8h | 1.1954 | −0.027% | $24.6M | $19.0M | 75x | as long as short |
| Gate DOT_USDT | +0.0100% | 8h | 1.1960 | +0.023% | $6.8M | $11.8M | 75x | as long as short |
| MEXC DOT_USDT | +0.0100% | 8h | 1.1963 | +0.048% | $32.8M | $49.7M | 300x | as long as short |
| KuCoin DOTUSDTM | +0.0100% | 8h | 1.1967 | +0.082% | $6.6M | $9.2M | 75x | as long as short |
| Bitget DOTUSDT | +0.0100% | 8h | 1.1950 | −0.061% | $22.8M | $14.9M | 75x | as long as short |
| BingX DOT-USDC | +0.0100% | 8h | 1.1958 | +0.006% | — | $1.3M | — | as long as short |
| Backpack DOT_USDC_PERP | +0.0100% | 1h | 1.1968 | +0.090% | $93K | $131K | 10x | as long as short |
| Variational Omni DOT | +0.0100% | 8h | 1.1983 | +0.218% | $545K | $58K | — | as long as short |
| edgeX DOTUSDC | +0.0100% | 4h | 1.1987 | +0.245% | $35K | $335K | 20x | as long as short |
| GRVT DOT_USDT_Perp | +0.0100% | 8h | 1.2011 | +0.449% | $229K | $427K | 10x | as long as short |
| Orderly PERP_DOT_USDC | +0.0100% | 8h | 1.1960 | +0.023% | $8K | $24K | 10x | as long as short |
| SunX DOT-USDT | +0.0100% | 8h | 1.1979 | +0.182% | $2K | $1.3M | 20x | as long as short |
| HTX DOT-USDT | +0.0100% | 8h | 1.1962 | +0.040% | $260K | $242K | 75x | as long as short |
| Extended DOT-USD | +0.0104% | 1h | 1.1957 | −0.003% | $14K | $305K | 25x | as long as short |
| BloFin DOT-USDT | +0.0220% | 8h | 1.1978 | +0.174% | $2.2M | $879K | 75x | as long as short |
| Phemex DOTUSDT | +0.0251% | 8h | 1.1970 | +0.107% | $2.3M | $2.2M | 50x | as long as short |
| GMX DOT/USD [WBTC.b-USDC] | L +0.0303% / S −0.1012% | 1h | 1.1957 | 0.000% | $22K | — | 100x | as long as short |
| Kraken Futures PF_DOTUSD | +0.0409% | 1h | 1.1969 | +0.095% | $4.5M | $1.5M | 50x | as long as short |
Bybit DOTUSDT
Gate DOT_USDT
MEXC DOT_USDT
KuCoin DOTUSDTM
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
Extended DOT-USD
BloFin DOT-USDT
Phemex DOTUSDT
GMX DOT/USD [WBTC.b-USDC]
Kraken Futures PF_DOTUSD