Funding you earn now, next payment 00:00 UTC+0.0226%/8h= +24.7% APRnext payment +$2.26 per $10,000 · paid last 24h +0.116%
Price spread now: Phemex against Bitget+0.084%7-day average +0.185% · you sell dearer than you buy
Net, funding: paid 7d − costs−$1as in the Funding arb table
Net, price: spread back to 7d avg − costs−$81as in the Price arb table
costs, in and out, $10k−$710.712% of the position
Funding, last 7 days+0.703%+$70 on $10k
+Price spread, last 3 days (all we have)+0.013%+$1 · spread now +0.084%, 7d avg +0.185%
=Funding pays, the price is against you. Phemex is 0.101% cheaper against Bitget than usual: you would sell low and buy high (spread +0.084% now, against its 7-day average of +0.185%). If the spread goes back, that is −$10 on $10k: about 36 hours of funding at the current rate (+$7 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget DOTUSDT | 1.1970 | 0.0100 | pay 0.0100% / 8h | 2h 16m | $23.0M | $13.9M | 75x |
| Short | Phemex DOTUSDT | 1.1980 | 0.0326 | get 0.0326% / 8h | 2h 16m | $2.2M | $2.1M | 50x |
Bitget DOTUSDT
Phemex DOTUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against Bitget. 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
- $47.46
- Price spread: +0.084% → +0.185%
- −$10.15
- Slippage, 4 orders
- −$47.24
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$33.92
- Costs to cover
- 0.712%
- Break-even
- 12.0 days
Slippage from Bitget: live order book, 2 min ago; Phemex: 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 Bitget live order book, 2 min ago | 4.17 bp | 10.2 bp −$10 | 20.7 bp −$207 | 92.4 bp −$9,236 | doesn't fit |
| Sell Phemex live order book, 2 min ago | 4.16 bp | 21.6 bp −$22 | 53.9 bp −$539 | 120.5 bp −$12.1K | 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 | −0.0584% | 1h | 1.1980 | +0.084% | $219K | $118K | 50x | as long as short |
| Reya DOTRUSDPERP | −0.0166% | 1h | 1.1965 | −0.040% | $259 | — | — | as long as short |
| Kraken Futures PF_DOTUSD | −0.0128% | 1h | 1.1980 | +0.085% | $4.5M | $1.3M | 50x | as long as short |
| Injective DOT/USDC PERP | −0.0080% | 1h | 1.2020 | +0.418% | $328 | $121K | 12x | as long as short |
| Coinbase International DOT-PERP-INTX | −0.0064% | 1h | 1.1970 | 0.000% | $186K | $1.8M | 50x | as long as short |
| OKX DOT-USDT-SWAP | −0.0029% | 8h | 1.1959 | −0.092% | $9.4M | $23.5M | 50x | as long as short |
| dYdX DOT-USD | 0.0000% | 1h | 1.1967 | −0.022% | $144K | $6K | 10x | as long as short |
| gTrade (Gains Network) DOT/USD | L 0.0000% / S +0.0004% | 1h | 1.1977 | +0.054% | $5K | — | 150x | as long as short |
| KuCoin DOTUSDTM | +0.0019% | 8h | 1.1959 | −0.092% | $6.8M | $8.7M | 75x | as long as short |
| Lighter DOT | +0.0096% | 1h | 1.1961 | −0.079% | $267K | $580K | 10x | as long as short |
Deribit DOT_USDC-PERPETUAL
Reya DOTRUSDPERP
Kraken Futures PF_DOTUSD
Injective DOT/USDC PERP
Coinbase International DOT-PERP-INTX
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 | 1.1959 | −0.093% | $15K | $240K | 25x | as long as short |
| MEXC DOT_USDT | +0.0099% | 8h | 1.1962 | −0.067% | $34.6M | $35.6M | 300x | as long as short |
| Binance DOTUSDT | +0.0099% | 8h | 1.1959 | −0.092% | $44.1M | $81.0M | 75x | as long as short |
| Hyperliquid DOT | +0.0100% | 1h | 1.1967 | −0.025% | $5.3M | $3.1M | 10x | as long as short |
| Aster DOTUSDT | +0.0100% | 8h | 1.1979 | +0.075% | $890K | $649K | 50x | as long as short |
| Bybit DOTUSDT | +0.0100% | 8h | 1.1953 | −0.142% | $24.4M | $17.8M | 75x | as long as short |
| Gate DOT_USDT | +0.0100% | 8h | 1.1960 | −0.084% | $6.9M | $11.5M | 75x | as long as short |
| Bitget DOTUSDTlong | +0.0100% | 8h | 1.1970 | long leg | $23.0M | $13.9M | 75x | |
| BingX DOT-USDT | +0.0100% | 8h | 1.1957 | −0.109% | — | $28.5M | — | as long as short |
| Backpack DOT_USDC_PERP | +0.0100% | 1h | 1.1967 | −0.025% | $99K | $127K | 10x | as long as short |
| Variational Omni DOT | +0.0100% | 8h | 1.2013 | +0.358% | $547K | $91K | — | as long as short |
| edgeX DOTUSDC | +0.0100% | 4h | 1.1979 | +0.077% | $35K | $333K | 20x | as long as short |
| GRVT DOT_USDT_Perp | +0.0100% | 8h | 1.1970 | 0.000% | $232K | $469K | 10x | as long as short |
| Orderly PERP_DOT_USDC | +0.0100% | 8h | 1.1970 | 0.000% | $8K | $26K | 10x | as long as short |
| SunX DOT-USDT | +0.0100% | 8h | 1.1987 | +0.142% | $2K | $1.2M | 20x | as long as short |
| HTX DOT-USDT | +0.0100% | 8h | 1.1961 | −0.075% | $247K | $219K | 75x | as long as short |
| BloFin DOT-USDT | +0.0219% | 8h | 1.1970 | 0.000% | $2.3M | $763K | 75x | as long as short |
| GMX DOT/USD [WBTC.b-USDC] | L +0.0297% / S −0.0774% | 1h | 1.1974 | +0.034% | $22K | — | 100x | as long as short |
| Phemex DOTUSDTshort | +0.0326% | 8h | 1.1980 | +0.084% | $2.2M | $2.1M | 50x |
Extended DOT-USD
MEXC DOT_USDT
Binance DOTUSDT
Hyperliquid DOT
Aster DOTUSDT
Bybit DOTUSDT
Gate DOT_USDT
BingX DOT-USDT
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]