DOT

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0708%/8h= +77.5% APRnext payment +$0.89 per $10,000 · paid last 24h +0.086%

Price spread now: Hyperliquid against Coinbase International+0.084%7-day average −0.004% · you sell dearer than you buy

Net, funding: paid 7d − costs−$25as in the Funding arb table

Net, price: spread back to 7d avg − costs−$36as in the Price arb table

costs, in and out, $10k−$450.449% of the position

Long on Coinbase International Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.203%+$20 on $10k

Price spread, last 4 days (all we have)+0.249%+$25 · spread now +0.084%, 7d avg −0.004%

Together, before fees+0.453%+ Points / potential airdropHyperliquid: Season 2 · farm board+$45 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$21 a day on $10k at the current rate, and Hyperliquid is 0.089% dearer against Coinbase International than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of −0.004%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.203% in total (about 10.6% 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	1.1860	−0.0608	get 0.0076% / 1h	58m 16s	$195K	$1.9M	50x
Short	Hyperliquid DOT	1.1870	0.0100	get 0.0013% / 1h	58m 16s	$5.3M	$3.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid 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 it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee Coinbase InternationalbpFee HyperliquidbpOrdersPrice spread, now +0.084%Rate

Funding earned: $148.68
Price spread: +0.084% → −0.004%: $8.88
Slippage, 4 orders: −$25.95
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $112.61
Costs to cover: 0.449%
Break-even: 1.7 days

Slippage from Coinbase International: live order book, 5 min ago; Hyperliquid: live order book, 4 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, 5 min ago	8.42 bp	13.4 bp −$13	18.4 bp −$184	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 4 min ago	1.26 bp	7.9 bp −$8	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-PERPETUAL	−0.2440%	1h	1.1865	+0.042%	$226K	$114K	50x	as long as short
Coinbase International DOT-PERP-INTXlong	−0.0608%	1h	1.1860	long leg	$195K	$1.9M	50x
Reya DOTRUSDPERP	−0.0166%	1h	1.1859	−0.007%	$257	—	—	as long as short
Backpack DOT_USDC_PERP	−0.0139%	1h	1.1873	+0.110%	$93K	$129K	10x	as long as short
dYdX DOT-USD	0.0000%	1h	1.1885	+0.212%	$143K	$6K	10x	as long as short
gTrade (Gains Network) DOT/USD	L 0.0000% / S +0.0004%	1h	1.1864	+0.030%	$3K	—	150x	as long as short
Injective DOT/USDC PERP	+0.0033%	1h	1.2020	+1.349%	$328	$121K	12x	as long as short
Lighter DOT	+0.0096%	1h	1.1853	−0.056%	$268K	$632K	10x	as long as short
OKX DOT-USDT-SWAP	+0.0100%	8h	1.1843	−0.143%	$9.4M	$24.0M	50x	as long as short
Hyperliquid DOTshort	+0.0100%	1h	1.1870	+0.084%	$5.3M	$3.5M	10x

Show all 29 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster DOTUSDT	+0.0100%	8h	1.1876	+0.137%	$857K	$709K	50x	as long as short
Binance DOTUSDT	+0.0100%	8h	1.1846	−0.114%	$43.5M	$85.0M	75x	as long as short
Bybit DOTUSDT	+0.0100%	8h	1.1842	−0.152%	$24.4M	$19.0M	75x	as long as short
Gate DOT_USDT	+0.0100%	8h	1.1870	+0.084%	$6.7M	$11.7M	75x	as long as short
MEXC DOT_USDT	+0.0100%	8h	1.1865	+0.042%	$34.7M	$50.4M	300x	as long as short
KuCoin DOTUSDTM	+0.0100%	8h	1.1875	+0.126%	$6.5M	$9.1M	75x	as long as short
Bitget DOTUSDT	+0.0100%	8h	1.1850	−0.084%	$22.6M	$14.8M	75x	as long as short
BingX DOT-USDT	+0.0100%	8h	1.1861	+0.008%	—	$29.7M	—	as long as short
Variational Omni DOT	+0.0100%	8h	1.1873	+0.110%	$540K	$58K	—	as long as short
edgeX DOTUSDC	+0.0100%	4h	1.1871	+0.094%	$35K	$336K	20x	as long as short
GRVT DOT_USDT_Perp	+0.0100%	8h	1.1874	+0.118%	$226K	$407K	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	1.1870	+0.084%	$2K	$1.3M	20x	as long as short
HTX DOT-USDT	+0.0100%	8h	1.1877	+0.143%	$258K	$242K	75x	as long as short
Extended DOT-USD	+0.0104%	1h	1.1850	−0.082%	$14K	$303K	25x	as long as short
Phemex DOTUSDT	+0.0208%	8h	1.1860	0.000%	$2.3M	$2.2M	50x	as long as short
Kraken Futures PF_DOTUSD	+0.0214%	1h	1.1860	−0.004%	$4.4M	$1.5M	50x	as long as short
BloFin DOT-USDT	+0.0220%	8h	1.1867	+0.059%	$2.2M	$873K	75x	as long as short
GMX DOT/USD [WBTC.b-USDC]	L +0.0302% / S −0.1012%	1h	1.1863	+0.029%	$22K	—	100x	as long as short