Funding you earn now, next payment 21:00 UTC+0.0462%/8h= +50.6% APRpaid last 24h +0.196%
Price spread now: Phemex against Coinbase International+0.338%7-day average +0.166% · you sell dearer than you buy
Net, funding: paid 7d − costs+$13as in the Funding arb table
Net, price: spread back to 7d avg − costs−$65as in the Price arb table
costs, in and out, $10k−$830.826% of the position
Funding, last 7 days+0.955%+$96 on $10k
+Price spread, last 3 days (all we have)−0.250%−$25 · spread now +0.338%, 7d avg +0.166%
=Both sides work for this trade now. Funding pays +$14 a day on $10k at the current rate, and Phemex is 0.172% dearer against Coinbase International than usual: you sell high and buy low: +$17 more if the spread goes back to its 7-day average of +0.166%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International DOT-PERP-INTX | 1.1840 | −0.0064 | get 0.0008% / 1h | 55m 09s | $190K | $1.8M | 50x |
| Short | Phemex DOTUSDT | 1.1880 | 0.0398 | get 0.0398% / 8h | 2h 55m | $2.2M | $2.1M | 50x |
Coinbase International DOT-PERP-INTX
Phemex DOTUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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
- $97.06
- Price spread: +0.338% → +0.166%
- $17.16
- Slippage, 4 orders
- −$60.61
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- $31.61
- Costs to cover
- 0.826%
- Break-even
- 4.7 days
Slippage from Coinbase International: live order book, 3 min ago; Phemex: 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, 3 min ago | 4.22 bp | 17.6 bp −$18 | 22.4 bp −$224 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 3 min ago | 8.45 bp | 21.7 bp −$22 | 54.4 bp −$544 | 119.0 bp −$11.9K | 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 | −0.0676% | 1h | 1.1874 | +0.287% | $217K | $118K | 50x | as long as short |
| Reya DOTRUSDPERP | −0.0166% | 1h | 1.1857 | +0.141% | $257 | — | — | as long as short |
| Kraken Futures PF_DOTUSD | −0.0129% | 1h | 1.1869 | +0.244% | $4.4M | $1.3M | 50x | as long as short |
| Injective DOT/USDC PERP | −0.0080% | 1h | 1.1820 | −0.169% | $323 | $83K | 12x | as long as short |
| Coinbase International DOT-PERP-INTXlong | −0.0064% | 1h | 1.1840 | long leg | $190K | $1.8M | 50x | |
| OKX DOT-USDT-SWAP | −0.0046% | 8h | 1.1860 | +0.169% | $9.3M | $23.0M | 50x | as long as short |
| dYdX DOT-USD | 0.0000% | 1h | 1.1853 | +0.110% | $143K | $6K | 10x | as long as short |
| gTrade (Gains Network) DOT/USD | L 0.0000% / S +0.0004% | 1h | 1.1867 | +0.228% | $3K | — | 150x | as long as short |
| KuCoin DOTUSDTM | +0.0051% | 8h | 1.1860 | +0.169% | $6.7M | $8.7M | 75x | as long as short |
| Lighter DOT | +0.0096% | 1h | 1.1865 | +0.210% | $259K | $563K | 10x | as long as short |
Deribit DOT_USDC-PERPETUAL
Reya DOTRUSDPERP
Kraken Futures PF_DOTUSD
Injective DOT/USDC PERP
OKX DOT-USDT-SWAP
dYdX DOT-USD
gTrade (Gains Network) DOT/USD
KuCoin DOTUSDTM
Lighter DOTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid DOT | +0.0100% | 1h | 1.1870 | +0.253% | $5.3M | $3.3M | 10x | as long as short |
| Aster DOTUSDT | +0.0100% | 8h | 1.1861 | +0.176% | $889K | $650K | 50x | as long as short |
| Binance DOTUSDT | +0.0100% | 8h | 1.1862 | +0.189% | $43.9M | $80.3M | 75x | as long as short |
| Bybit DOTUSDT | +0.0100% | 8h | 1.1861 | +0.177% | $24.4M | $17.8M | 75x | as long as short |
| Gate DOT_USDT | +0.0100% | 8h | 1.1860 | +0.169% | $6.8M | $11.1M | 75x | as long as short |
| MEXC DOT_USDT | +0.0100% | 8h | 1.1861 | +0.177% | $30.7M | $33.5M | 300x | as long as short |
| Bitget DOTUSDT | +0.0100% | 8h | 1.1860 | +0.169% | $22.8M | $13.5M | 75x | as long as short |
| BingX DOT-USDC | +0.0100% | 8h | 1.1859 | +0.160% | — | $1.3M | — | as long as short |
| Backpack DOT_USDC_PERP | +0.0100% | 1h | 1.1865 | +0.211% | $95K | $122K | 10x | as long as short |
| Variational Omni DOT | +0.0100% | 8h | 1.1848 | +0.071% | $539K | $92K | — | as long as short |
| edgeX DOTUSDC | +0.0100% | 4h | 1.1834 | −0.053% | $35K | $331K | 20x | as long as short |
| GRVT DOT_USDT_Perp | +0.0100% | 8h | 1.1835 | −0.039% | $229K | $478K | 10x | as long as short |
| Orderly PERP_DOT_USDC | +0.0100% | 8h | 1.1860 | +0.169% | $8K | $27K | 10x | as long as short |
| SunX DOT-USDT | +0.0100% | 8h | 1.1876 | +0.304% | $2K | $1.2M | 20x | as long as short |
| HTX DOT-USDT | +0.0100% | 8h | 1.1856 | +0.135% | $246K | $206K | 75x | as long as short |
| Extended DOT-USD | +0.0104% | 1h | 1.1855 | +0.128% | $15K | $240K | 25x | as long as short |
| BloFin DOT-USDT | +0.0220% | 8h | 1.1844 | +0.034% | $2.3M | $757K | 75x | as long as short |
| GMX DOT/USD [WBTC.b-USDC] | L +0.0300% / S −0.1014% | 1h | 1.1869 | +0.247% | $22K | — | 100x | as long as short |
| Phemex DOTUSDTshort | +0.0398% | 8h | 1.1880 | +0.338% | $2.2M | $2.1M | 50x |
Hyperliquid DOT
Aster DOTUSDT
Binance 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
GMX DOT/USD [WBTC.b-USDC]