Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.003%
Price spread now: Backpack against Bybit+0.058%45s7-day average +0.046% · you sell dearer than you buy
Net, funding: paid 7d − costs−$39as 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−$390.393% of the position
Funding, last 7 days+0.001%$0 on $10k
+Price spread, last 4 days (all we have)−0.160%−$16 · spread now +0.058%, 7d avg +0.046%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit DOTUSDT | 1.1971 | 0.0100 | pay 0.0100% / 8h | 6h 51m | $24.7M | $18.9M | 75x |
| Short | Backpack DOT_USDC_PERP | 1.1978 | 0.0100 | get 0.0013% / 1h | 51m 26s | $96K | $129K | 10x |
Bybit DOTUSDT
Backpack DOT_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Bybit. 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
- $0
- Price spread: +0.058% → +0.046%
- $1.27
- Slippage, 4 orders
- −$18.26
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$37.99
- Costs to cover
- 0.393%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 2 min ago; Backpack: live order book, 17 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 Bybit live order book, 2 min ago | 0.42 bp | 12.5 bp −$12 | 22.6 bp −$226 | 79.7 bp −$7,972 | doesn't fit |
| Sell Backpack live order book, 17 min ago | 0.41 bp | 5.8 bp −$6 | 493.2 bp −$4,932 | 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 | −0.1417% | 1h | 1.1979 | +0.067% | $219K | $116K | 50x | as long as short |
| Reya DOTRUSDPERP | −0.0166% | 1h | 1.1964 | −0.057% | $259 | — | — | as long as short |
| Coinbase International DOT-PERP-INTX | −0.0024% | 1h | 1.1990 | +0.159% | $197K | $1.8M | 50x | as long as short |
| gTrade (Gains Network) DOT/USD | L −0.0002% / S +0.0004% | 1h | 1.1972 | +0.008% | $14K | — | 150x | as long as short |
| dYdX DOT-USD | 0.0000% | 1h | 1.1967 | −0.033% | $144K | $6K | 10x | as long as short |
| OKX DOT-USDT-SWAP | +0.0021% | 8h | 1.1975 | +0.033% | $9.3M | $24.3M | 50x | as long as short |
| Injective DOT/USDC PERP | +0.0033% | 1h | 1.2020 | +0.409% | $328 | $121K | 12x | as long as short |
| KuCoin DOTUSDTM | +0.0078% | 8h | 1.1977 | +0.050% | $6.5M | $9.2M | 75x | as long as short |
| Lighter DOT | +0.0096% | 1h | 1.1964 | −0.059% | $242K | $597K | 10x | as long as short |
| Hyperliquid DOT | +0.0100% | 1h | 1.1971 | 0.000% | $5.4M | $3.4M | 10x | as long as short |
Deribit DOT_USDC-PERPETUAL
Reya DOTRUSDPERP
Coinbase International DOT-PERP-INTX
gTrade (Gains Network) DOT/USD
dYdX DOT-USD
OKX DOT-USDT-SWAP
Injective DOT/USDC PERP
KuCoin DOTUSDTM
Lighter DOT
Hyperliquid DOTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster DOTUSDT | +0.0100% | 8h | 1.1960 | −0.093% | $869K | $704K | 50x | as long as short |
| Binance DOTUSDT | +0.0100% | 8h | 1.1970 | −0.008% | $44.0M | $84.3M | 75x | as long as short |
| Bybit DOTUSDTlong | +0.0100% | 8h | 1.1971 | long leg | $24.7M | $18.9M | 75x | |
| Gate DOT_USDT | +0.0100% | 8h | 1.1970 | −0.008% | $6.7M | $11.4M | 75x | as long as short |
| MEXC DOT_USDT | +0.0100% | 8h | 1.1972 | +0.008% | $30.8M | $44.6M | 300x | as long as short |
| Bitget DOTUSDT | +0.0100% | 8h | 1.1962 | −0.075% | $22.8M | $14.7M | 75x | as long as short |
| BingX DOT-USDT | +0.0100% | 8h | 1.1972 | +0.008% | — | $30.1M | — | as long as short |
| Backpack DOT_USDC_PERPshort | +0.0100% | 1h | 1.1978 | +0.058% | $96K | $129K | 10x | |
| Variational Omni DOT | +0.0100% | 8h | 1.1904 | −0.563% | $542K | $59K | — | as long as short |
| edgeX DOTUSDC | +0.0100% | 4h | 1.1928 | −0.361% | $35K | $334K | 20x | as long as short |
| GRVT DOT_USDT_Perp | +0.0100% | 8h | 1.1930 | −0.342% | $232K | $422K | 10x | as long as short |
| Orderly PERP_DOT_USDC | +0.0100% | 8h | 1.1980 | +0.075% | $8K | $23K | 10x | as long as short |
| SunX DOT-USDT | +0.0100% | 8h | 1.1989 | +0.150% | $2K | $1.3M | 20x | as long as short |
| HTX DOT-USDT | +0.0100% | 8h | 1.1982 | +0.092% | $249K | $224K | 75x | as long as short |
| Extended DOT-USD | +0.0104% | 1h | 1.1972 | +0.012% | $14K | $301K | 25x | as long as short |
| Kraken Futures PF_DOTUSD | +0.0196% | 1h | 1.1984 | +0.109% | $4.5M | $1.4M | 50x | as long as short |
| BloFin DOT-USDT | +0.0220% | 8h | 1.1934 | −0.309% | $2.2M | $793K | 75x | as long as short |
| GMX DOT/USD [WBTC.b-USDC] | L +0.0303% / S −0.1012% | 1h | 1.1970 | −0.005% | $22K | — | 100x | as long as short |
| Phemex DOTUSDT | +0.0658% | 8h | 1.2000 | +0.242% | $2.3M | $2.1M | 50x | as long as short |
Aster DOTUSDT
Binance DOTUSDT
Gate DOT_USDT
MEXC DOT_USDT
Bitget DOTUSDT
BingX DOT-USDT
Variational Omni DOT
edgeX DOTUSDC
GRVT DOT_USDT_Perp
Orderly PERP_DOT_USDC
SunX DOT-USDT
HTX DOT-USDT
Extended DOT-USD
Kraken Futures PF_DOTUSD
BloFin DOT-USDT
GMX DOT/USD [WBTC.b-USDC]
Phemex DOTUSDT