Funding you earn now, next payment 22:00 UTC+0.0228%/8h= +25.0% APRpaid last 24h +0.052%
Price spread now: Binance against Coinbase International−0.099%53s7-day average −0.018% · you buy dearer than you sell
Net, funding: paid 7d − costs−$35as 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−$510.508% of the position
Funding, last 7 days+0.154%+$15 on $10k
+Price spread, last 3 days (all we have)+0.091%+$9 · spread now −0.099%, 7d avg −0.018%
=Funding pays, the price is against you. Binance is 0.081% cheaper against Coinbase International than usual: you would sell low and buy high (spread −0.099% now, against its 7-day average of −0.018%). If the spread goes back, that is −$8 on $10k: about 28 hours of funding at the current rate (+$7 a day). At the pace of the last 7 days (+0.154% in total) that is about 3.7 days. The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.154% in total (about 8.0% a year). A funding rate is set anew for every payment. 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 | 1.2090 | −0.0128 | get 0.0016% / 1h | 1m 18s | $209K | $1.9M | 50x |
| Short | Binance DOTUSDT | 1.2078 | 0.0100 | get 0.0100% / 8h | 1h 01m | $44.7M | $81.6M | 75x |
Coinbase International DOT-PERP-INTX
Binance DOTUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance 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
- $47.88
- Price spread: −0.099% → −0.018%
- −$8.08
- Slippage, 4 orders
- −$30.81
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$11.01
- Costs to cover
- 0.508%
- Break-even
- 8.6 days
Slippage from Coinbase International: live order book, 2 min ago; Binance: live order book, 11 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, 2 min ago | 4.13 bp | 17.1 bp −$17 | 22.0 bp −$220 | doesn't fit | doesn't fit |
| Sell Binance live order book, 11 min ago | 0.41 bp | 9.1 bp −$9 | 16.8 bp −$168 | 49.4 bp −$4,940 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Reya DOTRUSDPERP | −0.0166% | 1h | 1.2072 | −0.150% | $261 | — | — | as long as short |
| Coinbase International DOT-PERP-INTXlong | −0.0128% | 1h | 1.2090 | long leg | $209K | $1.9M | 50x | |
| Kraken Futures PF_DOTUSD | −0.0053% | 1h | 1.2098 | +0.068% | $4.5M | $1.4M | 50x | as long as short |
| Injective DOT/USDC PERP | −0.0040% | 1h | 1.2020 | −0.579% | $328 | $121K | 12x | as long as short |
| OKX DOT-USDT-SWAP | −0.0010% | 8h | 1.2077 | −0.108% | $9.5M | $23.9M | 50x | as long as short |
| dYdX DOT-USD | 0.0000% | 1h | 1.2090 | 0.000% | $146K | $6K | 10x | as long as short |
| gTrade (Gains Network) DOT/USD | L 0.0000% / S +0.0004% | 1h | 1.2084 | −0.050% | $5K | — | 150x | as long as short |
| KuCoin DOTUSDTM | +0.0046% | 8h | 1.2079 | −0.091% | $6.8M | $8.7M | 75x | as long as short |
| Deribit DOT_USDC-PERPETUAL | +0.0081% | 1h | 1.2097 | +0.058% | $221K | $117K | 50x | as long as short |
| Lighter DOT | +0.0096% | 1h | 1.2087 | −0.022% | $247K | $602K | 10x | as long as short |
Reya DOTRUSDPERP
Kraken Futures PF_DOTUSD
Injective DOT/USDC PERP
OKX DOT-USDT-SWAP
dYdX DOT-USD
gTrade (Gains Network) DOT/USD
KuCoin DOTUSDTM
Deribit DOT_USDC-PERPETUAL
Lighter DOTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid DOT | +0.0100% | 1h | 1.2084 | −0.050% | $5.4M | $3.3M | 10x | as long as short |
| Aster DOTUSDT | +0.0100% | 8h | 1.2083 | −0.058% | $881K | $689K | 50x | as long as short |
| Binance DOTUSDTshort | +0.0100% | 8h | 1.2078 | −0.099% | $44.7M | $81.6M | 75x | |
| Bybit DOTUSDT | +0.0100% | 8h | 1.2073 | −0.141% | $24.8M | $18.4M | 75x | as long as short |
| Gate DOT_USDT | +0.0100% | 8h | 1.2080 | −0.083% | $6.9M | $11.7M | 75x | as long as short |
| MEXC DOT_USDT | +0.0100% | 8h | 1.2075 | −0.124% | $29.7M | $38.4M | 300x | as long as short |
| Bitget DOTUSDT | +0.0100% | 8h | 1.2080 | −0.083% | $23.3M | $14.8M | 75x | as long as short |
| BingX DOT-USDC | +0.0100% | 8h | 1.2077 | −0.108% | — | $1.3M | — | as long as short |
| Backpack DOT_USDC_PERP | +0.0100% | 1h | 1.2087 | −0.025% | $97K | $129K | 10x | as long as short |
| Variational Omni DOT | +0.0100% | 8h | 1.2065 | −0.208% | $549K | $61K | — | as long as short |
| edgeX DOTUSDC | +0.0100% | 4h | 1.2088 | −0.014% | $35K | $334K | 20x | as long as short |
| GRVT DOT_USDT_Perp | +0.0100% | 8h | 1.2094 | +0.032% | $234K | $457K | 10x | as long as short |
| Orderly PERP_DOT_USDC | +0.0100% | 8h | 1.2080 | −0.083% | $8K | $24K | 10x | as long as short |
| SunX DOT-USDT | +0.0100% | 8h | 1.2104 | +0.116% | $2K | $1.3M | 20x | as long as short |
| HTX DOT-USDT | +0.0100% | 8h | 1.2106 | +0.132% | $250K | $219K | 75x | as long as short |
| Extended DOT-USD | +0.0104% | 1h | 1.2072 | −0.146% | $15K | $235K | 25x | as long as short |
| BloFin DOT-USDT | +0.0220% | 8h | 1.2083 | −0.058% | $2.3M | $780K | 75x | as long as short |
| Phemex DOTUSDT | +0.0303% | 8h | 1.2100 | +0.083% | $2.2M | $2.1M | 50x | as long as short |
| GMX DOT/USD [WBTC.b-USDC] | L +0.0305% / S −0.1025% | 1h | 1.2081 | −0.071% | $23K | — | 100x | as long as short |
Hyperliquid DOT
Aster DOTUSDT
Bybit DOTUSDT
Gate DOT_USDT
MEXC DOT_USDT
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
BloFin DOT-USDT
Phemex DOTUSDT
GMX DOT/USD [WBTC.b-USDC]