Funding you earn now, next payment 22:00 UTC+0.1099%/8h= +120.3% APRnext payment +$1.37 per $10,000 · paid last 24h +0.156%
Price spread now: dYdX against Deribit−0.110%7-day average −0.039% · you buy dearer than you sell
Net, funding: paid 7d − costs−$91as in the Funding arb table
Net, price: spread back to 7d avg − costs−$167as in the Price arb table
costs, in and out, $10k−$1601.602% of the position
Funding, last 7 days+0.696%+$70 on $10k
+Price spread, last 3 days (all we have)+0.450%+$45 · spread now −0.110%, 7d avg −0.039%
=Funding pays, the price is against you. dYdX is 0.071% cheaper against Deribit than usual: you would sell low and buy high (spread −0.110% now, against its 7-day average of −0.039%). If the spread goes back, that is −$7 on $10k: about 5 hours of funding at the current rate (+$33 a day). At the pace of the last 7 days (+0.696% in total) that is about 17 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.696% in total (about 36.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.37 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 | Deribit DOT_USDC-PERPETUAL | 1.1844 | −0.1099 | get 0.0137% / 1h | 49m 46s | $216K | $118K | 50x |
| Short | dYdX DOT-USD | 1.1831 | 0 | get 0.0000% / 1h | 49m 46s | $142K | $6K | 10x |
Deribit DOT_USDC-PERPETUAL
dYdX DOT-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
dYdX 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
- $230.79
- Price spread: −0.110% → −0.039%
- −$7.09
- Slippage, 4 orders
- −$143.22
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee dYdX: 5 bp × 2 orders
- −$10
- Net
- $63.47
- Costs to cover
- 1.602%
- Break-even
- 5.1 days
Slippage from Deribit: live order book, 38 min ago; dYdX: live order book, 39 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, 38 min ago | 7.57 bp | 12.7 bp −$13 | 25.7 bp −$257 | doesn't fit | doesn't fit |
| Sell dYdX live order book, 39 min ago | 62.79 bp | 67.8 bp −$68 | 124.6 bp −$1,246 | 170.3 bp −$17.0K | 761.9 bp −$380.9K |
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 | −0.1099% | 1h | 1.1844 | long leg | $216K | $118K | 50x | |
| Reya DOTRUSDPERP | −0.0166% | 1h | 1.1828 | −0.132% | $256 | — | — | as long as short |
| Kraken Futures PF_DOTUSD | −0.0129% | 1h | 1.1843 | −0.012% | $4.4M | $1.3M | 50x | as long as short |
| Injective DOT/USDC PERP | −0.0080% | 1h | 1.1820 | −0.203% | $323 | $83K | 12x | as long as short |
| Coinbase International DOT-PERP-INTX | −0.0064% | 1h | 1.1830 | −0.118% | $189K | $1.8M | 50x | as long as short |
| OKX DOT-USDT-SWAP | −0.0042% | 8h | 1.1815 | −0.245% | $9.3M | $22.9M | 50x | as long as short |
| dYdX DOT-USDshort | 0.0000% | 1h | 1.1831 | −0.110% | $142K | $6K | 10x | |
| gTrade (Gains Network) DOT/USD | L 0.0000% / S +0.0004% | 1h | 1.1840 | −0.034% | $3K | — | 150x | as long as short |
| Backpack DOT_USDC_PERP | +0.0039% | 1h | 1.1838 | −0.051% | $95K | $121K | 10x | as long as short |
| KuCoin DOTUSDTM | +0.0046% | 8h | 1.1824 | −0.169% | $6.7M | $8.7M | 75x | as long as short |
Reya DOTRUSDPERP
Kraken Futures PF_DOTUSD
Injective DOT/USDC PERP
Coinbase International DOT-PERP-INTX
OKX DOT-USDT-SWAP
gTrade (Gains Network) DOT/USD
Backpack DOT_USDC_PERP
KuCoin DOTUSDTMShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance DOTUSDT | +0.0093% | 8h | 1.1822 | −0.185% | $43.7M | $80.1M | 75x | as long as short |
| MEXC DOT_USDT | +0.0094% | 8h | 1.1818 | −0.220% | $31.2M | $33.8M | 300x | as long as short |
| Lighter DOT | +0.0096% | 1h | 1.1822 | −0.183% | $258K | $563K | 10x | as long as short |
| Extended DOT-USD | +0.0096% | 1h | 1.1814 | −0.250% | $15K | $240K | 25x | as long as short |
| Hyperliquid DOT | +0.0100% | 1h | 1.1845 | +0.008% | $5.3M | $3.1M | 10x | as long as short |
| Aster DOTUSDT | +0.0100% | 8h | 1.1834 | −0.086% | $887K | $647K | 50x | as long as short |
| Bybit DOTUSDT | +0.0100% | 8h | 1.1815 | −0.245% | $24.3M | $17.8M | 75x | as long as short |
| Gate DOT_USDT | +0.0100% | 8h | 1.1820 | −0.203% | $6.8M | $11.2M | 75x | as long as short |
| Bitget DOTUSDT | +0.0100% | 8h | 1.1820 | −0.203% | $22.7M | $13.4M | 75x | as long as short |
| BingX DOT-USDC | +0.0100% | 8h | 1.1821 | −0.194% | — | $1.3M | — | as long as short |
| Variational Omni DOT | +0.0100% | 8h | 1.1808 | −0.308% | $539K | $91K | — | as long as short |
| edgeX DOTUSDC | +0.0100% | 4h | 1.1833 | −0.090% | $35K | $331K | 20x | as long as short |
| GRVT DOT_USDT_Perp | +0.0100% | 8h | 1.1859 | +0.129% | $230K | $478K | 10x | as long as short |
| Orderly PERP_DOT_USDC | +0.0100% | 8h | 1.1830 | −0.118% | $8K | $27K | 10x | as long as short |
| SunX DOT-USDT | +0.0100% | 8h | 1.1833 | −0.093% | $1K | $1.2M | 20x | as long as short |
| HTX DOT-USDT | +0.0100% | 8h | 1.1790 | −0.456% | $244K | $207K | 75x | as long as short |
| BloFin DOT-USDT | +0.0215% | 8h | 1.1803 | −0.346% | $2.2M | $753K | 75x | as long as short |
| GMX DOT/USD [WBTC.b-USDC] | L +0.0300% / S −0.1014% | 1h | 1.1843 | −0.011% | $22K | — | 100x | as long as short |
| Phemex DOTUSDT | +0.0411% | 8h | 1.1840 | −0.034% | $2.2M | $2.1M | 50x | as long as short |
Binance DOTUSDT
MEXC DOT_USDT
Lighter DOT
Extended DOT-USD
Hyperliquid DOT
Aster DOTUSDT
Bybit DOTUSDT
Gate DOT_USDT
Bitget DOTUSDT
BingX DOT-USDC
Variational Omni DOT
edgeX DOTUSDC
GRVT DOT_USDT_Perp
Orderly PERP_DOT_USDC
SunX DOT-USDT
HTX DOT-USDT
BloFin DOT-USDT
GMX DOT/USD [WBTC.b-USDC]
Phemex DOTUSDT