Funding you earn now, next payment 03:00 UTC+0.0708%/8h= +77.5% APRnext payment +$0.89 per $10,000 · paid last 24h +0.090%
Price spread now: Backpack against Coinbase International−0.017%7-day average −0.003% · you buy dearer than you sell
Net, funding: paid 7d − costs−$22as in the Funding arb table
Net, price: spread back to 7d avg − costs−$49as in the Price arb table
costs, in and out, $10k−$480.478% of the position
Funding, last 7 days+0.259%+$26 on $10k
+Price spread, last 4 days (all we have)+0.092%+$9 · spread now −0.017%, 7d avg −0.003%
=The price spread sits at its 7-day average of −0.003%, so right now this pair is about funding alone: +$21 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.259% in total (about 13.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.89 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International DOT-PERP-INTX | 1.1840 | −0.0608 | get 0.0076% / 1h | 6m 05s | $195K | $1.9M | 50x |
| Short | Backpack DOT_USDC_PERP | 1.1838 | 0.0100 | get 0.0013% / 1h | 6m 05s | $92K | $130K | 10x |
Coinbase International DOT-PERP-INTX
Backpack DOT_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Coinbase International. 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
- $148.68
- Price spread: −0.017% → −0.003%
- −$1.43
- Slippage, 4 orders
- −$27.76
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- $99.5
- Costs to cover
- 0.478%
- Break-even
- 2.3 days
Slippage from Coinbase International: live order book, 3 min ago; Backpack: live order book, 52 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 Coinbase International live order book, 3 min ago | 4.22 bp | 17.5 bp −$18 | 24.0 bp −$240 | doesn't fit | doesn't fit |
| Sell Backpack live order book, 52 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 | −0.1855% | 1h | 1.1849 | +0.076% | $225K | $121K | 50x | as long as short |
| Coinbase International DOT-PERP-INTXlong | −0.0608% | 1h | 1.1840 | long leg | $195K | $1.9M | 50x | |
| Reya DOTRUSDPERP | −0.0166% | 1h | 1.1832 | −0.067% | $256 | — | — | as long as short |
| dYdX DOT-USD | 0.0000% | 1h | 1.1832 | −0.068% | $142K | $6K | 10x | as long as short |
| gTrade (Gains Network) DOT/USD | L 0.0000% / S +0.0004% | 1h | 1.1839 | −0.010% | $3K | — | 150x | as long as short |
| Injective DOT/USDC PERP | +0.0033% | 1h | 1.2020 | +1.520% | $328 | $121K | 12x | as long as short |
| Lighter DOT | +0.0096% | 1h | 1.1845 | +0.041% | $268K | $636K | 10x | as long as short |
| Hyperliquid DOT | +0.0100% | 1h | 1.1844 | +0.034% | $5.3M | $3.3M | 10x | as long as short |
| Aster DOTUSDT | +0.0100% | 8h | 1.1853 | +0.107% | $845K | $597K | 50x | as long as short |
| Binance DOTUSDT | +0.0100% | 8h | 1.1839 | −0.008% | $43.6M | $85.1M | 75x | as long as short |
Deribit DOT_USDC-PERPETUAL
Reya DOTRUSDPERP
dYdX DOT-USD
gTrade (Gains Network) DOT/USD
Injective DOT/USDC PERP
Lighter DOT
Hyperliquid DOT
Aster DOTUSDT
Binance DOTUSDTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit DOTUSDT | +0.0100% | 8h | 1.1839 | −0.008% | $24.3M | $18.9M | 75x | as long as short |
| OKX DOT-USDT-SWAP | +0.0100% | 8h | 1.1838 | −0.017% | $9.4M | $24.2M | 50x | as long as short |
| Gate DOT_USDT | +0.0100% | 8h | 1.1840 | 0.000% | $6.6M | $11.9M | 75x | as long as short |
| MEXC DOT_USDT | +0.0100% | 8h | 1.1841 | +0.008% | $29.9M | $53.5M | 300x | as long as short |
| KuCoin DOTUSDTM | +0.0100% | 8h | 1.1842 | +0.017% | $6.5M | $9.2M | 75x | as long as short |
| Bitget DOTUSDT | +0.0100% | 8h | 1.1835 | −0.042% | $22.6M | $14.7M | 75x | as long as short |
| BingX DOT-USDC | +0.0100% | 8h | 1.1842 | +0.017% | — | $1.3M | — | as long as short |
| Backpack DOT_USDC_PERPshort | +0.0100% | 1h | 1.1838 | −0.017% | $92K | $130K | 10x | |
| Variational Omni DOT | +0.0100% | 8h | 1.1833 | −0.055% | $538K | $58K | — | as long as short |
| edgeX DOTUSDC | +0.0100% | 4h | 1.1872 | +0.271% | $35K | $334K | 20x | as long as short |
| GRVT DOT_USDT_Perp | +0.0100% | 8h | 1.1870 | +0.253% | $236K | $407K | 10x | as long as short |
| Orderly PERP_DOT_USDC | +0.0100% | 8h | 1.1840 | 0.000% | $8K | $22K | 10x | as long as short |
| SunX DOT-USDT | +0.0100% | 8h | 1.1857 | +0.144% | $2K | $1.3M | 20x | as long as short |
| HTX DOT-USDT | +0.0100% | 8h | 1.1864 | +0.203% | $258K | $242K | 75x | as long as short |
| Extended DOT-USD | +0.0104% | 1h | 1.1837 | −0.028% | $14K | $310K | 25x | as long as short |
| Phemex DOTUSDT | +0.0148% | 8h | 1.1850 | +0.084% | $2.3M | $2.2M | 50x | as long as short |
| Kraken Futures PF_DOTUSD | +0.0214% | 1h | 1.1845 | +0.044% | $4.4M | $1.4M | 50x | as long as short |
| BloFin DOT-USDT | +0.0220% | 8h | 1.1846 | +0.051% | $2.2M | $899K | 75x | as long as short |
| GMX DOT/USD [WBTC.b-USDC] | L +0.0302% / S −0.1012% | 1h | 1.1837 | −0.023% | $22K | — | 100x | as long as short |
Bybit DOTUSDT
OKX DOT-USDT-SWAP
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
BloFin DOT-USDT
GMX DOT/USD [WBTC.b-USDC]