Funding you earn now, next payment 08:00 UTC−0.0120%/8h= −13.1% APRnext payment −$1.20 per $10,000 · paid last 24h −0.013%
Price spread now: Bybit against BloFin−0.059%62s7-day average −0.037% · you buy dearer than you sell
Net, funding: paid 7d − costs−$64as 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−$460.462% of the position
Funding, last 7 days−0.178%−$18 on $10k
+Price spread, last 4 days (all we have)+0.138%+$14 · spread now −0.059%, 7d avg −0.037%
=Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Bybit is 0.022% cheaper against BloFin than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.037%). Swap the legs. The two prices were read 62 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 | 1.1937 | 0.0220 | pay 0.0220% / 8h | 5h 44m | — | $856K | 75x |
| Short | Bybit DOTUSDT | 1.1930 | 0.0100 | get 0.0100% / 8h | 5h 44m | $24.5M | $18.9M | 75x |
BloFin DOT-USDT
Bybit DOTUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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: −0.059% → −0.037%
- −$2.19
- Slippage, 4 orders
- −$23.17
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$73.55
- Costs to cover
- 0.462%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 69 min ago; Bybit: live order book, 4 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, 69 min ago | 1.67 bp | 9.3 bp −$9 | 14.2 bp −$142 | 33.8 bp −$3,379 | doesn't fit |
| Sell Bybit live order book, 4 min ago | 0.42 bp | 11.0 bp −$11 | 23.6 bp −$236 | 68.9 bp −$6,889 | 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 | −0.2007% | 1h | 1.1936 | −0.008% | $227K | $116K | 50x | as long as short |
| Coinbase International DOT-PERP-INTX | −0.0376% | 1h | 1.1920 | −0.142% | $196K | $2.0M | 50x | as long as short |
| Reya DOTRUSDPERP | −0.0166% | 1h | 1.1920 | −0.140% | $258 | — | — | as long as short |
| dYdX DOT-USD | 0.0000% | 1h | 1.1936 | −0.011% | $144K | $6K | 10x | as long as short |
| gTrade (Gains Network) DOT/USD | L 0.0000% / S +0.0004% | 1h | 1.1923 | −0.117% | $3K | — | 150x | as long as short |
| Injective DOT/USDC PERP | +0.0033% | 1h | 1.2020 | +0.695% | $328 | $121K | 12x | as long as short |
| OKX DOT-USDT-SWAP | +0.0079% | 8h | 1.1930 | −0.059% | $9.3M | $24.2M | 50x | as long as short |
| Lighter DOT | +0.0096% | 1h | 1.1935 | −0.018% | $270K | $630K | 10x | as long as short |
| Hyperliquid DOT | +0.0100% | 1h | 1.1926 | −0.092% | $5.4M | $3.5M | 10x | as long as short |
| Aster DOTUSDT | +0.0100% | 8h | 1.1938 | +0.008% | $864K | $705K | 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 | 1.1930 | −0.059% | $44.0M | $84.8M | 75x | as long as short |
| Bybit DOTUSDTshort | +0.0100% | 8h | 1.1930 | −0.059% | $24.5M | $18.9M | 75x | |
| Gate DOT_USDT | +0.0100% | 8h | 1.1920 | −0.142% | $6.7M | $11.7M | 75x | as long as short |
| MEXC DOT_USDT | +0.0100% | 8h | 1.1929 | −0.067% | $29.4M | $48.2M | 300x | as long as short |
| KuCoin DOTUSDTM | +0.0100% | 8h | 1.1924 | −0.109% | $6.4M | $9.2M | 75x | as long as short |
| Bitget DOTUSDT | +0.0100% | 8h | 1.1930 | −0.059% | $22.8M | $14.7M | 75x | as long as short |
| BingX DOT-USDC | +0.0100% | 8h | 1.1923 | −0.117% | — | $1.3M | — | as long as short |
| Backpack DOT_USDC_PERP | +0.0100% | 1h | 1.1934 | −0.025% | $93K | $126K | 10x | as long as short |
| Variational Omni DOT | +0.0100% | 8h | 1.1920 | −0.143% | $541K | $58K | — | as long as short |
| edgeX DOTUSDC | +0.0100% | 4h | 1.1902 | −0.291% | $35K | $335K | 20x | as long as short |
| GRVT DOT_USDT_Perp | +0.0100% | 8h | 1.1901 | −0.301% | $231K | $431K | 10x | as long as short |
| Orderly PERP_DOT_USDC | +0.0100% | 8h | 1.1930 | −0.059% | $8K | $23K | 10x | as long as short |
| SunX DOT-USDT | +0.0100% | 8h | 1.1939 | +0.017% | $2K | $1.3M | 20x | as long as short |
| HTX DOT-USDT | +0.0100% | 8h | 1.1909 | −0.235% | $259K | $241K | 75x | as long as short |
| Extended DOT-USD | +0.0104% | 1h | 1.1924 | −0.106% | $17K | $303K | 25x | as long as short |
| BloFin DOT-USDTlong | +0.0220% | 8h | 1.1937 | long leg | — | $856K | 75x | |
| GMX DOT/USD [WBTC.b-USDC] | L +0.0302% / S −0.1012% | 1h | 1.1921 | −0.134% | $22K | — | 100x | as long as short |
| Phemex DOTUSDT | +0.0306% | 8h | 1.1940 | +0.025% | $2.3M | $2.2M | 50x | as long as short |
| Kraken Futures PF_DOTUSD | +0.0411% | 1h | 1.1936 | −0.005% | $4.5M | $1.5M | 50x | as long as short |
Binance 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
GMX DOT/USD [WBTC.b-USDC]
Phemex DOTUSDT
Kraken Futures PF_DOTUSD