DOT

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0897%/8h= +98.3% APRnext payment +$1.12 per $10,000 · paid last 24h +0.073%

Price spread now: Injective against Coinbase International+2.211%64s7-day average +0.597% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Coinbase International Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days+0.231%+$23 on $10k

Price spread, last 4 days (all we have)−2.055%−$205 · spread now +2.211%, 7d avg +0.597%

Together, before fees−1.824%−$182 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$27 a day on $10k at the current rate, and Injective is 1.614% dearer against Coinbase International than usual: you sell high and buy low: +$161 more if the spread goes back to its 7-day average of +0.597%. The two prices were read 64 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 0.231% in total (about 12.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.12 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	1.1760	−0.0864	get 0.0108% / 1h	43m 44s	$170K	$1.9M	50x
Short	Injective DOT/USDC PERP	1.2020	0.0033	get 0.0004% / 1h	43m 44s	$328	$121K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Coinbase International. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 InjectivebpOrdersPrice spread, now +2.211%Rate

Funding earned: $188.44
Price spread: +2.211% → +0.597%: $161.43
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $339.85
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Coinbase International: live order book, 5 min ago; Injective: no order-book sample. Net counts fees only.

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	4.24 bp	17.6 bp −$18	24.1 bp −$241	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.2969%	1h	1.1766	+0.051%	$234K	$133K	50x	as long as short
Coinbase International DOT-PERP-INTXlong	−0.0864%	1h	1.1760	long leg	$170K	$1.9M	50x
Reya DOTRUSDPERP	−0.0166%	1h	1.1754	−0.050%	$254	—	—	as long as short
dYdX DOT-USD	0.0000%	1h	1.1757	−0.026%	$142K	$6K	10x	as long as short
gTrade (Gains Network) DOT/USD	L 0.0000% / S +0.0004%	1h	1.1760	−0.004%	$3K	—	150x	as long as short
Injective DOT/USDC PERPshort	+0.0033%	1h	1.2020	+2.211%	$328	$121K	12x
Kraken Futures PF_DOTUSD	+0.0091%	1h	1.1765	+0.043%	$4.4M	$1.4M	50x	as long as short
Lighter DOT	+0.0096%	1h	1.1755	−0.041%	$251K	$662K	10x	as long as short
Hyperliquid DOT	+0.0100%	1h	1.1758	−0.017%	$5.2M	$3.4M	10x	as long as short
Aster DOTUSDT	+0.0100%	8h	1.1761	+0.005%	$838K	$594K	50x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance DOTUSDT	+0.0100%	8h	1.1756	−0.034%	$43.0M	$85.5M	75x	as long as short
Bybit DOTUSDT	+0.0100%	8h	1.1751	−0.077%	$24.0M	$19.0M	75x	as long as short
OKX DOT-USDT-SWAP	+0.0100%	8h	1.1752	−0.068%	$9.2M	$24.4M	50x	as long as short
Gate DOT_USDT	+0.0100%	8h	1.1760	0.000%	$6.6M	$12.0M	75x	as long as short
MEXC DOT_USDT	+0.0100%	8h	1.1756	−0.034%	$27.2M	$56.8M	300x	as long as short
KuCoin DOTUSDTM	+0.0100%	8h	1.1758	−0.017%	$6.3M	$9.2M	75x	as long as short
Bitget DOTUSDT	+0.0100%	8h	1.1750	−0.085%	$22.4M	$14.6M	75x	as long as short
BingX DOT-USDT	+0.0100%	8h	1.1755	−0.043%	—	$29.7M	—	as long as short
Backpack DOT_USDC_PERP	+0.0100%	1h	1.1759	−0.009%	$90K	$130K	10x	as long as short
Variational Omni DOT	+0.0100%	8h	1.1746	−0.115%	$534K	$52K	—	as long as short
edgeX DOTUSDC	+0.0100%	4h	1.1755	−0.039%	$35K	$336K	20x	as long as short
GRVT DOT_USDT_Perp	+0.0100%	8h	1.1750	−0.085%	$233K	$432K	10x	as long as short
Orderly PERP_DOT_USDC	+0.0100%	8h	1.1750	−0.085%	$8K	$19K	10x	as long as short
SunX DOT-USDT	+0.0100%	8h	1.1776	+0.136%	$2K	$1.3M	20x	as long as short
HTX DOT-USDT	+0.0100%	8h	1.1758	−0.017%	$262K	$265K	75x	as long as short
Phemex DOTUSDT	+0.0100%	8h	1.1770	+0.085%	$2.4M	$2.2M	50x	as long as short
Extended DOT-USD	+0.0104%	1h	1.1746	−0.116%	$15K	$246K	25x	as long as short
BloFin DOT-USDT	+0.0220%	8h	1.1754	−0.051%	$2.2M	$879K	75x	as long as short
GMX DOT/USD [WBTC.b-USDC]	L +0.0301% / S −0.1012%	1h	1.1760	+0.001%	$22K	—	100x	as long as short