Funding you earn now, next payment 08:00 UTC+0.0101%/8h= +11.1% APRnext payment +$1.01 per $10,000 · paid last 24h +0.078%
Price spread now: Phemex against BloFin+0.268%7-day average +0.185% · you sell dearer than you buy
Net, funding: paid 7d − costs+$2as in the Funding arb table
Net, price: spread back to 7d avg − costs−$45as in the Price arb table
costs, in and out, $10k−$540.536% of the position
Funding, last 7 days+0.560%+$56 on $10k
+Price spread, last 4 days (all we have)−0.189%−$19 · spread now +0.268%, 7d avg +0.185%
=Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Phemex is 0.083% dearer against BloFin than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.185%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin DOT-USDT | 1.1928 | 0.0220 | pay 0.0220% / 8h | 5h 41m | $2.2M | $861K | 75x |
| Short | Phemex DOTUSDT | 1.1960 | 0.0321 | get 0.0321% / 8h | 5h 41m | $2.3M | $2.2M | 50x |
BloFin DOT-USDT
Phemex DOTUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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
- $21.21
- Price spread: +0.268% → +0.185%
- $8.32
- Slippage, 4 orders
- −$29.64
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$24.12
- Costs to cover
- 0.536%
- Break-even
- 15.0 days
Slippage from BloFin: live order book, 1 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 BloFin live order book, 1 min ago | 1.26 bp | 8.5 bp −$8 | 16.5 bp −$165 | 54.5 bp −$5,449 | doesn't fit |
| Sell Phemex live order book, 2 min ago | 8.34 bp | 21.3 bp −$21 | 50.4 bp −$504 | 117.2 bp −$11.7K | 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 | −0.1921% | 1h | 1.1948 | +0.168% | $228K | $116K | 50x | as long as short |
| Coinbase International DOT-PERP-INTX | −0.0376% | 1h | 1.1940 | +0.101% | $197K | $2.0M | 50x | as long as short |
| Reya DOTRUSDPERP | −0.0166% | 1h | 1.1936 | +0.066% | $258 | — | — | as long as short |
| dYdX DOT-USD | 0.0000% | 1h | 1.1922 | −0.053% | $144K | $6K | 10x | as long as short |
| gTrade (Gains Network) DOT/USD | L 0.0000% / S +0.0004% | 1h | 1.1941 | +0.108% | $3K | — | 150x | as long as short |
| Injective DOT/USDC PERP | +0.0033% | 1h | 1.2020 | +0.771% | $328 | $121K | 12x | as long as short |
| OKX DOT-USDT-SWAP | +0.0081% | 8h | 1.1933 | +0.042% | $9.3M | $24.1M | 50x | as long as short |
| Lighter DOT | +0.0096% | 1h | 1.1941 | +0.108% | $270K | $630K | 10x | as long as short |
| Hyperliquid DOT | +0.0100% | 1h | 1.1944 | +0.134% | $5.4M | $3.5M | 10x | as long as short |
| Aster DOTUSDT | +0.0100% | 8h | 1.1943 | +0.126% | $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 | 1.1936 | +0.067% | $44.0M | $84.8M | 75x | as long as short |
| Bybit DOTUSDT | +0.0100% | 8h | 1.1935 | +0.059% | $24.5M | $18.9M | 75x | as long as short |
| Gate DOT_USDT | +0.0100% | 8h | 1.1940 | +0.101% | $6.7M | $11.7M | 75x | as long as short |
| MEXC DOT_USDT | +0.0100% | 8h | 1.1937 | +0.075% | $29.9M | $48.4M | 300x | as long as short |
| KuCoin DOTUSDTM | +0.0100% | 8h | 1.1937 | +0.075% | $6.4M | $9.2M | 75x | as long as short |
| Bitget DOTUSDT | +0.0100% | 8h | 1.1932 | +0.034% | $22.7M | $14.8M | 75x | as long as short |
| BingX DOT-USDT | +0.0100% | 8h | 1.1943 | +0.126% | — | $29.8M | — | as long as short |
| Backpack DOT_USDC_PERP | +0.0100% | 1h | 1.1953 | +0.210% | $93K | $126K | 10x | as long as short |
| Variational Omni DOT | +0.0100% | 8h | 1.1920 | −0.068% | $541K | $58K | — | as long as short |
| edgeX DOTUSDC | +0.0100% | 4h | 1.1954 | +0.219% | $35K | $333K | 20x | as long as short |
| GRVT DOT_USDT_Perp | +0.0100% | 8h | 1.1960 | +0.269% | $232K | $431K | 10x | as long as short |
| Orderly PERP_DOT_USDC | +0.0100% | 8h | 1.1940 | +0.101% | $8K | $23K | 10x | as long as short |
| SunX DOT-USDT | +0.0100% | 8h | 1.1955 | +0.226% | $2K | $1.3M | 20x | as long as short |
| HTX DOT-USDT | +0.0100% | 8h | 1.1937 | +0.075% | $260K | $241K | 75x | as long as short |
| Extended DOT-USD | +0.0104% | 1h | 1.1930 | +0.015% | $17K | $303K | 25x | as long as short |
| BloFin DOT-USDTlong | +0.0220% | 8h | 1.1928 | long leg | $2.2M | $861K | 75x | |
| GMX DOT/USD [WBTC.b-USDC] | L +0.0303% / S −0.1012% | 1h | 1.1940 | +0.104% | $22K | — | 100x | as long as short |
| Phemex DOTUSDTshort | +0.0321% | 8h | 1.1960 | +0.268% | $2.3M | $2.2M | 50x | |
| Kraken Futures PF_DOTUSD | +0.0410% | 1h | 1.1942 | +0.119% | $4.5M | $1.5M | 50x | as long as short |
Binance DOTUSDT
Bybit DOTUSDT
Gate DOT_USDT
MEXC DOT_USDT
KuCoin DOTUSDTM
Bitget DOTUSDT
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
Extended DOT-USD
GMX DOT/USD [WBTC.b-USDC]
Kraken Futures PF_DOTUSD