Funding you earn now, next payment 04:00 UTC+0.1905%/8h= +208.6% APRpaid last 24h +0.174%
Price spread now: BloFin against Deribit−0.152%57s7-day average −0.077% · you buy dearer than you sell
Net, funding: paid 7d − costs+$58as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$480.476% of the position
Funding, last 7 days+1.054%+$105 on $10k
+Price spread, last 4 days (all we have)+0.169%+$17 · spread now −0.152%, 7d avg −0.077%
=Funding pays, the price is against you. BloFin is 0.075% cheaper against Deribit than usual: you would sell low and buy high (spread −0.152% now, against its 7-day average of −0.077%). If the spread goes back, that is −$7 on $10k: about 3 hours of funding at the current rate (+$57 a day). At the pace of the last 7 days (+1.054% in total) that is about 12 hours. The two prices were read 57 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 1.054% in total (about 55.0% 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 | Deribit DOT_USDC-PERPETUAL | 1.1863 | −0.1685 | get 0.0211% / 1h | 3m 46s | $225K | $121K | 50x |
| Short | BloFin DOT-USDT | 1.1845 | 0.0220 | get 0.0220% / 8h | 4h 03m | $2.2M | $899K | 75x |
Deribit DOT_USDC-PERPETUAL
BloFin DOT-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Deribit. 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
- $400.05
- Price spread: −0.152% → −0.077%
- −$7.46
- Slippage, 4 orders
- −$28.58
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- $345.01
- Costs to cover
- 0.476%
- Break-even
- 1.0 days
Slippage from Deribit: live order book, 55 min ago; BloFin: 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 Deribit live order book, 55 min ago | 8.85 bp | 12.4 bp −$12 | 21.9 bp −$219 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 4 min ago | 2.53 bp | 8.5 bp −$9 | 14.0 bp −$140 | 31.3 bp −$3,127 | 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-PERPETUALlong | −0.1685% | 1h | 1.1863 | long leg | $225K | $121K | 50x | |
| Coinbase International DOT-PERP-INTX | −0.0608% | 1h | 1.1860 | −0.025% | $195K | $1.9M | 50x | as long as short |
| Reya DOTRUSDPERP | −0.0166% | 1h | 1.1846 | −0.145% | $256 | — | — | as long as short |
| dYdX DOT-USD | 0.0000% | 1h | 1.1864 | +0.006% | $143K | $6K | 10x | as long as short |
| gTrade (Gains Network) DOT/USD | L 0.0000% / S +0.0004% | 1h | 1.1849 | −0.118% | $3K | — | 150x | as long as short |
| Injective DOT/USDC PERP | +0.0033% | 1h | 1.2020 | +1.323% | $328 | $121K | 12x | as long as short |
| Lighter DOT | +0.0096% | 1h | 1.1872 | +0.074% | $268K | $636K | 10x | as long as short |
| Hyperliquid DOT | +0.0100% | 1h | 1.1864 | +0.008% | $5.3M | $3.3M | 10x | as long as short |
| Aster DOTUSDT | +0.0100% | 8h | 1.1860 | −0.025% | $845K | $597K | 50x | as long as short |
| Binance DOTUSDT | +0.0100% | 8h | 1.1869 | +0.051% | $43.7M | $85.0M | 75x | as long as short |
Coinbase International DOT-PERP-INTX
Reya DOTRUSDPERP
dYdX DOT-USD
gTrade (Gains Network) DOT/USD
Injective DOT/USDC PERP
Lighter DOT
Hyperliquid DOT
Aster DOTUSDT
Binance DOTUSDTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit DOTUSDT | +0.0100% | 8h | 1.1859 | −0.034% | $24.3M | $18.8M | 75x | as long as short |
| OKX DOT-USDT-SWAP | +0.0100% | 8h | 1.1864 | +0.008% | $9.4M | $24.3M | 50x | as long as short |
| Gate DOT_USDT | +0.0100% | 8h | 1.1860 | −0.025% | $6.6M | $11.9M | 75x | as long as short |
| MEXC DOT_USDT | +0.0100% | 8h | 1.1858 | −0.042% | $30.1M | $53.6M | 300x | as long as short |
| KuCoin DOTUSDTM | +0.0100% | 8h | 1.1862 | −0.008% | $6.5M | $9.2M | 75x | as long as short |
| Bitget DOTUSDT | +0.0100% | 8h | 1.1857 | −0.051% | $22.6M | $14.7M | 75x | as long as short |
| BingX DOT-USDC | +0.0100% | 8h | 1.1859 | −0.034% | — | $1.3M | — | as long as short |
| Backpack DOT_USDC_PERP | +0.0100% | 1h | 1.1858 | −0.042% | $92K | $130K | 10x | as long as short |
| Variational Omni DOT | +0.0100% | 8h | 1.1833 | −0.249% | $538K | $58K | — | as long as short |
| edgeX DOTUSDC | +0.0100% | 4h | 1.1849 | −0.120% | $35K | $335K | 20x | as long as short |
| GRVT DOT_USDT_Perp | +0.0100% | 8h | 1.1850 | −0.110% | $236K | $407K | 10x | as long as short |
| Orderly PERP_DOT_USDC | +0.0100% | 8h | 1.1860 | −0.025% | $8K | $22K | 10x | as long as short |
| SunX DOT-USDT | +0.0100% | 8h | 1.1870 | +0.059% | $2K | $1.3M | 20x | as long as short |
| HTX DOT-USDT | +0.0100% | 8h | 1.1862 | −0.008% | $258K | $245K | 75x | as long as short |
| Extended DOT-USD | +0.0104% | 1h | 1.1851 | −0.100% | $14K | $310K | 25x | as long as short |
| Phemex DOTUSDT | +0.0147% | 8h | 1.1860 | −0.025% | $2.3M | $2.2M | 50x | as long as short |
| Kraken Futures PF_DOTUSD | +0.0214% | 1h | 1.1865 | +0.013% | $4.4M | $1.4M | 50x | as long as short |
| BloFin DOT-USDTshort | +0.0220% | 8h | 1.1845 | −0.152% | $2.2M | $899K | 75x | |
| GMX DOT/USD [WBTC.b-USDC] | L +0.0302% / S −0.1012% | 1h | 1.1853 | −0.084% | $22K | — | 100x | as long as short |
Bybit DOTUSDT
OKX DOT-USDT-SWAP
Gate DOT_USDT
MEXC DOT_USDT
KuCoin DOTUSDTM
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
Phemex DOTUSDT
Kraken Futures PF_DOTUSD
GMX DOT/USD [WBTC.b-USDC]