Funding you earn now, next payment 04:00 UTC−0.0120%/8h= −13.1% APRpaid last 24h −0.009%
Price spread now: Backpack against BloFin+0.178%66s7-day average +0.031% · you sell dearer than you buy
Net, funding: paid 7d − costs−$58as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$410.407% of the position
Funding, last 7 days−0.177%−$18 on $10k
+Price spread, last 4 days (all we have)−0.129%−$13 · spread now +0.178%, 7d avg +0.031%
=The price spread pays, funding is against you. Backpack is 0.147% dearer against BloFin than usual: you sell high and buy low (spread +0.178% now, against its 7-day average of +0.031%): +$15 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 4.1 days. The two prices were read 66 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin DOT-USDT | 1.1829 | 0.0220 | pay 0.0220% / 8h | 4h 31m | $2.2M | $885K | 75x |
| Short | Backpack DOT_USDC_PERP | 1.1850 | 0.0100 | get 0.0013% / 1h | 31m 38s | $92K | $131K | 10x |
BloFin DOT-USDT
Backpack DOT_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against BloFin. 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
- −$25.2
- Price spread: +0.178% → +0.031%
- $14.7
- Slippage, 4 orders
- −$18.66
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$51.17
- Costs to cover
- 0.407%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 6 min ago; Backpack: live order book, 26 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 BloFin live order book, 6 min ago | 6.34 bp | 13.5 bp −$13 | 17.7 bp −$177 | 39.6 bp −$3,957 | doesn't fit |
| Sell Backpack live order book, 26 min ago | 0.42 bp | 5.9 bp −$6 | 156.9 bp −$1,569 | 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 | −0.2274% | 1h | 1.1856 | +0.228% | $228K | $116K | 50x | as long as short |
| Coinbase International DOT-PERP-INTX | −0.0608% | 1h | 1.1860 | +0.262% | $195K | $1.9M | 50x | as long as short |
| Reya DOTRUSDPERP | −0.0166% | 1h | 1.1841 | +0.102% | $256 | — | — | as long as short |
| dYdX DOT-USD | 0.0000% | 1h | 1.1864 | +0.296% | $143K | $6K | 10x | as long as short |
| gTrade (Gains Network) DOT/USD | L 0.0000% / S +0.0004% | 1h | 1.1850 | +0.178% | $3K | — | 150x | as long as short |
| Injective DOT/USDC PERP | +0.0033% | 1h | 1.2020 | +1.615% | $328 | $121K | 12x | as long as short |
| OKX DOT-USDT-SWAP | +0.0093% | 8h | 1.1860 | +0.262% | $9.4M | $24.4M | 50x | as long as short |
| Lighter DOT | +0.0096% | 1h | 1.1869 | +0.339% | $268K | $634K | 10x | as long as short |
| Hyperliquid DOT | +0.0100% | 1h | 1.1856 | +0.224% | $5.3M | $3.4M | 10x | as long as short |
| Aster DOTUSDT | +0.0100% | 8h | 1.1868 | +0.326% | $856K | $581K | 50x | 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
OKX DOT-USDT-SWAP
Lighter DOT
Hyperliquid DOT
Aster DOTUSDTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance DOTUSDT | +0.0100% | 8h | 1.1873 | +0.370% | $43.7M | $85.2M | 75x | as long as short |
| Bybit DOTUSDT | +0.0100% | 8h | 1.1868 | +0.330% | $24.3M | $19.0M | 75x | as long as short |
| Gate DOT_USDT | +0.0100% | 8h | 1.1860 | +0.262% | $6.6M | $11.8M | 75x | as long as short |
| MEXC DOT_USDT | +0.0100% | 8h | 1.1866 | +0.313% | $26.9M | $52.1M | 300x | as long as short |
| KuCoin DOTUSDTM | +0.0100% | 8h | 1.1867 | +0.321% | $6.5M | $9.2M | 75x | as long as short |
| Bitget DOTUSDT | +0.0100% | 8h | 1.1861 | +0.271% | $22.6M | $14.8M | 75x | as long as short |
| BingX DOT-USDC | +0.0100% | 8h | 1.1867 | +0.321% | — | $1.3M | — | as long as short |
| Backpack DOT_USDC_PERPshort | +0.0100% | 1h | 1.1850 | +0.178% | $92K | $131K | 10x | |
| Variational Omni DOT | +0.0100% | 8h | 1.1783 | −0.385% | $536K | $58K | — | as long as short |
| edgeX DOTUSDC | +0.0100% | 4h | 1.1808 | −0.181% | $35K | $335K | 20x | as long as short |
| GRVT DOT_USDT_Perp | +0.0100% | 8h | 1.1810 | −0.163% | $235K | $420K | 10x | as long as short |
| Orderly PERP_DOT_USDC | +0.0100% | 8h | 1.1840 | +0.093% | $8K | $24K | 10x | as long as short |
| SunX DOT-USDT | +0.0100% | 8h | 1.1864 | +0.296% | $2K | $1.3M | 20x | as long as short |
| HTX DOT-USDT | +0.0100% | 8h | 1.1812 | −0.144% | $257K | $242K | 75x | as long as short |
| Extended DOT-USD | +0.0104% | 1h | 1.1863 | +0.286% | $17K | $304K | 25x | as long as short |
| Phemex DOTUSDT | +0.0151% | 8h | 1.1860 | +0.262% | $2.3M | $2.2M | 50x | as long as short |
| Kraken Futures PF_DOTUSD | +0.0214% | 1h | 1.1853 | +0.204% | $4.4M | $1.5M | 50x | as long as short |
| BloFin DOT-USDTlong | +0.0220% | 8h | 1.1829 | long leg | $2.2M | $885K | 75x | |
| GMX DOT/USD [WBTC.b-USDC] | L +0.0302% / S −0.1012% | 1h | 1.1849 | +0.170% | $22K | — | 100x | as long as short |
Binance DOTUSDT
Bybit DOTUSDT
Gate DOT_USDT
MEXC DOT_USDT
KuCoin DOTUSDTM
Bitget DOTUSDT
BingX DOT-USDC
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
GMX DOT/USD [WBTC.b-USDC]