Funding you earn now, next payment 03:00 UTC−0.1666%/8h= −182.4% APRnext payment −$2.08 per $10,000 · paid last 24h −0.075%
Price spread now: Deribit against Coinbase International−0.034%7-day average +0.044% · you buy dearer than you sell
Net, funding: paid 7d − costs−$127as in the Funding arb table
Net, price: spread back to 7d avg − costs−$73as in the Price arb table
costs, in and out, $10k−$650.650% of the position
Funding, last 7 days−0.618%−$62 on $10k
+Price spread, last 4 days (all we have)+0.043%+$4 · spread now −0.034%, 7d avg +0.044%
=Both sides work against this trade now: funding costs −$50 a day on $10k at the current rate, and Deribit is 0.078% cheaper against Coinbase International than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of +0.044%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.618% in total (about -32.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.08 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 | 1.1860 | −0.0608 | get 0.0076% / 1h | 31m 21s | $195K | $1.9M | 50x |
| Short | Deribit DOT_USDC-PERPETUAL | 1.1856 | −0.2274 | pay 0.0284% / 1h | 31m 21s | $228K | $116K | 50x |
Coinbase International DOT-PERP-INTX
Deribit DOT_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- −$349.86
- Price spread: −0.034% → +0.044%
- −$7.77
- Slippage, 4 orders
- −$47.97
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$422.59
- Costs to cover
- 0.650%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 2 min ago; Deribit: live order book, 27 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 | 8.45 bp | 21.8 bp −$22 | 26.9 bp −$269 | doesn't fit | doesn't fit |
| Sell Deribit live order book, 27 min ago | 8.85 bp | 17.4 bp −$17 | doesn't fit | 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-PERPETUALshort | −0.2274% | 1h | 1.1856 | −0.034% | $228K | $116K | 50x | |
| Coinbase International DOT-PERP-INTXlong | −0.0608% | 1h | 1.1860 | long leg | $195K | $1.9M | 50x | |
| Reya DOTRUSDPERP | −0.0166% | 1h | 1.1868 | +0.064% | $257 | — | — | as long as short |
| dYdX DOT-USD | 0.0000% | 1h | 1.1864 | +0.034% | $143K | $6K | 10x | as long as short |
| gTrade (Gains Network) DOT/USD | L 0.0000% / S +0.0004% | 1h | 1.1871 | +0.093% | $3K | — | 150x | as long as short |
| Injective DOT/USDC PERP | +0.0033% | 1h | 1.2020 | +1.349% | $328 | $121K | 12x | as long as short |
| OKX DOT-USDT-SWAP | +0.0093% | 8h | 1.1870 | +0.084% | $9.4M | $24.4M | 50x | as long as short |
| Lighter DOT | +0.0096% | 1h | 1.1869 | +0.077% | $268K | $634K | 10x | as long as short |
| Hyperliquid DOT | +0.0100% | 1h | 1.1873 | +0.110% | $5.3M | $3.4M | 10x | as long as short |
| Aster DOTUSDT | +0.0100% | 8h | 1.1874 | +0.114% | $857K | $580K | 50x | as long as short |
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 | 1.1870 | +0.084% | $43.7M | $85.2M | 75x | as long as short |
| Bybit DOTUSDT | +0.0100% | 8h | 1.1871 | +0.093% | $24.3M | $19.0M | 75x | as long as short |
| Gate DOT_USDT | +0.0100% | 8h | 1.1870 | +0.084% | $6.6M | $11.9M | 75x | as long as short |
| MEXC DOT_USDT | +0.0100% | 8h | 1.1872 | +0.101% | $26.9M | $52.1M | 300x | as long as short |
| KuCoin DOTUSDTM | +0.0100% | 8h | 1.1872 | +0.101% | $6.5M | $9.2M | 75x | as long as short |
| Bitget DOTUSDT | +0.0100% | 8h | 1.1860 | 0.000% | $22.6M | $14.8M | 75x | as long as short |
| BingX DOT-USDT | +0.0100% | 8h | 1.1871 | +0.093% | — | $29.7M | — | as long as short |
| Backpack DOT_USDC_PERP | +0.0100% | 1h | 1.1850 | −0.084% | $92K | $131K | 10x | as long as short |
| Variational Omni DOT | +0.0100% | 8h | 1.1783 | −0.646% | $536K | $58K | — | as long as short |
| edgeX DOTUSDC | +0.0100% | 4h | 1.1808 | −0.442% | $35K | $335K | 20x | as long as short |
| GRVT DOT_USDT_Perp | +0.0100% | 8h | 1.1810 | −0.423% | $235K | $420K | 10x | as long as short |
| Orderly PERP_DOT_USDC | +0.0100% | 8h | 1.1860 | 0.000% | $8K | $24K | 10x | as long as short |
| SunX DOT-USDT | +0.0100% | 8h | 1.1864 | +0.034% | $2K | $1.3M | 20x | as long as short |
| HTX DOT-USDT | +0.0100% | 8h | 1.1812 | −0.405% | $257K | $242K | 75x | as long as short |
| Extended DOT-USD | +0.0104% | 1h | 1.1863 | +0.024% | $17K | $304K | 25x | as long as short |
| Phemex DOTUSDT | +0.0151% | 8h | 1.1860 | 0.000% | $2.3M | $2.2M | 50x | as long as short |
| Kraken Futures PF_DOTUSD | +0.0214% | 1h | 1.1853 | −0.058% | $4.4M | $1.5M | 50x | as long as short |
| BloFin DOT-USDT | +0.0220% | 8h | 1.1829 | −0.261% | $2.2M | $885K | 75x | as long as short |
| GMX DOT/USD [WBTC.b-USDC] | L +0.0302% / S −0.1012% | 1h | 1.1871 | +0.095% | $22K | — | 100x | 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
Phemex DOTUSDT
Kraken Futures PF_DOTUSD
BloFin DOT-USDT
GMX DOT/USD [WBTC.b-USDC]