Funding you earn now, next payment 03:00 UTC+0.0703%/8h= +77.0% APRpaid last 24h +0.047%
Price spread now: OKX against Coinbase International+0.294%7-day average −0.041% · you sell dearer than you buy
Net, funding: paid 7d − costs−$40as in the Funding arb table
Net, price: spread back to 7d avg − costs−$26as in the Price arb table
costs, in and out, $10k−$600.597% of the position
Funding, last 7 days+0.192%+$19 on $10k
+Price spread, last 4 days (all we have)−0.246%−$25 · spread now +0.294%, 7d avg −0.041%
=Both sides work for this trade now. Funding pays +$21 a day on $10k at the current rate, and OKX is 0.336% dearer against Coinbase International than usual: you sell high and buy low: +$34 more if the spread goes back to its 7-day average of −0.041%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.192% in total (about 10.0% 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 | 1.1890 | −0.0608 | get 0.0076% / 1h | 30m 09s | $196K | $1.9M | 50x |
| Short | OKX DOT-USDT-SWAP | 1.1925 | 0.0095 | get 0.0095% / 8h | 4h 30m | $9.5M | $24.5M | 50x |
Coinbase International DOT-PERP-INTX
OKX DOT-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- $147.6
- Price spread: +0.294% → −0.041%
- $33.57
- Slippage, 4 orders
- −$39.7
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- $121.48
- Costs to cover
- 0.597%
- Break-even
- 1.2 days
Slippage from Coinbase International: live order book, 4 min ago; OKX: live order book, 3 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, 4 min ago | 8.45 bp | 21.8 bp −$22 | 26.9 bp −$269 | doesn't fit | doesn't fit |
| Sell OKX live order book, 3 min ago | 0.42 bp | 14.0 bp −$14 | 26.5 bp −$265 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International DOT-PERP-INTXlong | −0.0608% | 1h | 1.1890 | long leg | $196K | $1.9M | 50x | |
| Deribit DOT_USDC-PERPETUAL | −0.0506% | 1h | 1.1903 | +0.109% | $228K | $116K | 50x | as long as short |
| Reya DOTRUSDPERP | −0.0166% | 1h | 1.1894 | +0.034% | $257 | — | — | as long as short |
| dYdX DOT-USD | 0.0000% | 1h | 1.1898 | +0.066% | $143K | $6K | 10x | as long as short |
| gTrade (Gains Network) DOT/USD | L 0.0000% / S +0.0004% | 1h | 1.1907 | +0.142% | $3K | — | 150x | as long as short |
| Injective DOT/USDC PERP | +0.0033% | 1h | 1.2020 | +1.093% | $328 | $121K | 12x | as long as short |
| OKX DOT-USDT-SWAPshort | +0.0095% | 8h | 1.1925 | +0.294% | $9.5M | $24.5M | 50x | |
| Lighter DOT | +0.0096% | 1h | 1.1920 | +0.249% | $270K | $634K | 10x | as long as short |
| Hyperliquid DOT | +0.0100% | 1h | 1.1929 | +0.328% | $5.4M | $3.4M | 10x | as long as short |
| Aster DOTUSDT | +0.0100% | 8h | 1.1898 | +0.069% | $859K | $580K | 50x | 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 DOTUSDTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance DOTUSDT | +0.0100% | 8h | 1.1917 | +0.228% | $43.8M | $85.3M | 75x | as long as short |
| Bybit DOTUSDT | +0.0100% | 8h | 1.1922 | +0.269% | $24.4M | $19.0M | 75x | as long as short |
| Gate DOT_USDT | +0.0100% | 8h | 1.1920 | +0.252% | $6.6M | $11.9M | 75x | as long as short |
| MEXC DOT_USDT | +0.0100% | 8h | 1.1919 | +0.244% | $27.2M | $52.2M | 300x | as long as short |
| KuCoin DOTUSDTM | +0.0100% | 8h | 1.1918 | +0.235% | $6.5M | $9.2M | 75x | as long as short |
| Bitget DOTUSDT | +0.0100% | 8h | 1.1921 | +0.261% | $22.8M | $14.8M | 75x | as long as short |
| BingX DOT-USDT | +0.0100% | 8h | 1.1927 | +0.311% | — | $29.7M | — | as long as short |
| Backpack DOT_USDC_PERP | +0.0100% | 1h | 1.1926 | +0.303% | $93K | $130K | 10x | as long as short |
| Variational Omni DOT | +0.0100% | 8h | 1.1868 | −0.181% | $540K | $58K | — | as long as short |
| edgeX DOTUSDC | +0.0100% | 4h | 1.1808 | −0.693% | $35K | $335K | 20x | as long as short |
| GRVT DOT_USDT_Perp | +0.0100% | 8h | 1.1810 | −0.675% | $235K | $420K | 10x | as long as short |
| Orderly PERP_DOT_USDC | +0.0100% | 8h | 1.1900 | +0.084% | $8K | $24K | 10x | as long as short |
| SunX DOT-USDT | +0.0100% | 8h | 1.1930 | +0.336% | $2K | $1.3M | 20x | as long as short |
| HTX DOT-USDT | +0.0100% | 8h | 1.1812 | −0.656% | $257K | $242K | 75x | as long as short |
| Extended DOT-USD | +0.0104% | 1h | 1.1906 | +0.137% | $17K | $304K | 25x | as long as short |
| Phemex DOTUSDT | +0.0139% | 8h | 1.1930 | +0.336% | $2.4M | $2.2M | 50x | as long as short |
| Kraken Futures PF_DOTUSD | +0.0213% | 1h | 1.1919 | +0.245% | $4.4M | $1.5M | 50x | as long as short |
| BloFin DOT-USDT | +0.0220% | 8h | 1.1871 | −0.160% | $2.2M | $888K | 75x | as long as short |
| GMX DOT/USD [WBTC.b-USDC] | L +0.0302% / S −0.1012% | 1h | 1.1908 | +0.153% | $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]