Funding you earn now, next payment 00:00 UTC−0.0087%/8h= −9.5% APRnext payment −$0.87 per $10,000 · paid last 24h −0.016%
Price spread now: OKX against Binance−0.050%7-day average −0.014% · you buy dearer than you sell
Net, funding: paid 7d − costs−$40as in the Funding arb table
Net, price: spread back to 7d avg − costs−$42as in the Price arb table
costs, in and out, $10k−$390.386% of the position
Funding, last 7 days−0.010%−$1 on $10k
+Price spread, last 7 days+0.050%+$5 · spread now −0.050%, 7d avg −0.014%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and OKX is 0.037% cheaper against Binance than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.014%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance DOTUSDT | 1.2136 | 0.0100 | pay 0.0100% / 8h | 32m 29s | $44.9M | $82.6M | 75x |
| Short | OKX DOT-USDT-SWAP | 1.2130 | 0.0013 | get 0.0013% / 8h | 32m 29s | $9.6M | $24.3M | 50x |
Binance DOTUSDT
OKX DOT-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- −$18.18
- Price spread: −0.050% → −0.014%
- −$3.67
- Slippage, 4 orders
- −$18.6
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$60.46
- Costs to cover
- 0.386%
- Break-even
- never at this rate
Slippage from Binance: live order book, 10 min ago; OKX: 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 Binance live order book, 10 min ago | 0.41 bp | 7.9 bp −$8 | 15.4 bp −$154 | 58.6 bp −$5,860 | doesn't fit |
| Sell OKX live order book, 1 min ago | 0.41 bp | 10.4 bp −$10 | 20.7 bp −$207 | 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 | −0.0984% | 1h | 1.2139 | +0.024% | $222K | $117K | 50x | as long as short |
| Reya DOTRUSDPERP | −0.0166% | 1h | 1.2132 | −0.037% | $263 | — | — | as long as short |
| Coinbase International DOT-PERP-INTX | −0.0056% | 1h | 1.2130 | −0.050% | $208K | $1.8M | 50x | as long as short |
| dYdX DOT-USD | 0.0000% | 1h | 1.2128 | −0.067% | $146K | $6K | 10x | as long as short |
| gTrade (Gains Network) DOT/USD | L 0.0000% / S +0.0004% | 1h | 1.2134 | −0.017% | $5K | — | 150x | as long as short |
| OKX DOT-USDT-SWAPshort | +0.0013% | 8h | 1.2130 | −0.050% | $9.6M | $24.3M | 50x | |
| Kraken Futures PF_DOTUSD | +0.0032% | 1h | 1.2141 | +0.043% | $4.5M | $1.4M | 50x | as long as short |
| Injective DOT/USDC PERP | +0.0033% | 1h | 1.2020 | −0.957% | $328 | $121K | 12x | as long as short |
| KuCoin DOTUSDTM | +0.0052% | 8h | 1.2135 | −0.009% | $6.8M | $8.8M | 75x | as long as short |
| Lighter DOT | +0.0096% | 1h | 1.2131 | −0.044% | $247K | $605K | 10x | as long as short |
Deribit DOT_USDC-PERPETUAL
Reya DOTRUSDPERP
Coinbase International DOT-PERP-INTX
dYdX DOT-USD
gTrade (Gains Network) DOT/USD
Kraken Futures PF_DOTUSD
Injective DOT/USDC PERP
KuCoin DOTUSDTM
Lighter DOTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid DOT | +0.0100% | 1h | 1.2133 | −0.026% | $5.4M | $3.4M | 10x | as long as short |
| Aster DOTUSDT | +0.0100% | 8h | 1.2132 | −0.038% | $883K | $690K | 50x | as long as short |
| Binance DOTUSDTlong | +0.0100% | 8h | 1.2136 | long leg | $44.9M | $82.6M | 75x | |
| Bybit DOTUSDT | +0.0100% | 8h | 1.2136 | −0.001% | $25.0M | $18.5M | 75x | as long as short |
| Gate DOT_USDT | +0.0100% | 8h | 1.2140 | +0.032% | $6.8M | $11.8M | 75x | as long as short |
| MEXC DOT_USDT | +0.0100% | 8h | 1.2135 | −0.009% | $31.7M | $39.8M | 300x | as long as short |
| Bitget DOTUSDT | +0.0100% | 8h | 1.2137 | +0.007% | $23.2M | $14.8M | 75x | as long as short |
| BingX DOT-USDC | +0.0100% | 8h | 1.2137 | +0.007% | — | $1.3M | — | as long as short |
| Backpack DOT_USDC_PERP | +0.0100% | 1h | 1.2128 | −0.067% | $97K | $131K | 10x | as long as short |
| Variational Omni DOT | +0.0100% | 8h | 1.2108 | −0.231% | $551K | $61K | — | as long as short |
| edgeX DOTUSDC | +0.0100% | 4h | 1.2114 | −0.183% | $35K | $333K | 20x | as long as short |
| GRVT DOT_USDT_Perp | +0.0100% | 8h | 1.2120 | −0.133% | $235K | $457K | 10x | as long as short |
| Orderly PERP_DOT_USDC | +0.0100% | 8h | 1.2120 | −0.133% | $8K | $23K | 10x | as long as short |
| SunX DOT-USDT | +0.0100% | 8h | 1.2143 | +0.057% | $1K | $1.3M | 20x | as long as short |
| HTX DOT-USDT | +0.0100% | 8h | 1.2123 | −0.108% | $250K | $220K | 75x | as long as short |
| Extended DOT-USD | +0.0104% | 1h | 1.2136 | −0.002% | $15K | $235K | 25x | as long as short |
| BloFin DOT-USDT | +0.0220% | 8h | 1.2128 | −0.067% | $2.3M | $790K | 75x | as long as short |
| Phemex DOTUSDT | +0.0303% | 8h | 1.2140 | +0.032% | $2.3M | $2.1M | 50x | as long as short |
| GMX DOT/USD [WBTC.b-USDC] | L +0.0303% / S −0.1012% | 1h | 1.2134 | −0.019% | $23K | — | 100x | as long as short |
Hyperliquid DOT
Aster DOTUSDT
Bybit DOTUSDT
Gate DOT_USDT
MEXC 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
Extended DOT-USD
BloFin DOT-USDT
Phemex DOTUSDT
GMX DOT/USD [WBTC.b-USDC]