DOT

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.1792%/8h= +196.3% APRnext payment +$2.24 per $10,000 · paid last 24h +0.127%

Price spread now: Injective against Deribit+0.814%63s7-day average +0.529% · you sell dearer than you buy

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

Long on Deribit Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days+0.790%+$79 on $10k

Price spread, last 3 days (all we have)−0.647%−$65 · spread now +0.814%, 7d avg +0.529%

Together, before fees+0.143%+$14 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$54 a day on $10k at the current rate, and Injective is 0.284% dearer against Deribit than usual: you sell high and buy low: +$28 more if the spread goes back to its 7-day average of +0.529%. The two prices were read 63 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 0.790% in total (about 41.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.24 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	1.1923	−0.1759	get 0.0220% / 1h	55m 57s	$218K	$116K	50x
Short	Injective DOT/USDC PERP	1.2020	0.0033	get 0.0004% / 1h	55m 57s	$328	$121K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Deribit. 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 DeribitbpFee InjectivebpOrdersPrice spread, now +0.814%Rate

Funding earned: $376.39
Price spread: +0.814% → +0.529%: $28.43
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $397.8
Costs to cover: 0.070%
Break-even: from the start

Slippage unknown: Deribit: live order book, 13 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 Deribit live order book, 13 min ago	4.53 bp	12.9 bp −$13	20.0 bp −$200	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-PERPETUALlong	−0.1759%	1h	1.1923	long leg	$218K	$116K	50x
Reya DOTRUSDPERP	−0.0166%	1h	1.1905	−0.154%	$258	—	—	as long as short
Coinbase International DOT-PERP-INTX	−0.0024%	1h	1.1900	−0.193%	$196K	$1.8M	50x	as long as short
dYdX DOT-USD	0.0000%	1h	1.1920	−0.025%	$144K	$6K	10x	as long as short
gTrade (Gains Network) DOT/USD	L 0.0000% / S +0.0004%	1h	1.1909	−0.117%	$5K	—	150x	as long as short
OKX DOT-USDT-SWAP	+0.0015%	8h	1.1907	−0.134%	$9.3M	$24.1M	50x	as long as short
Backpack DOT_USDC_PERP	+0.0025%	1h	1.1904	−0.159%	$95K	$128K	10x	as long as short
Injective DOT/USDC PERPshort	+0.0033%	1h	1.2020	+0.814%	$328	$121K	12x
KuCoin DOTUSDTM	+0.0075%	8h	1.1914	−0.075%	$6.5M	$9.1M	75x	as long as short
Lighter DOT	+0.0096%	1h	1.1909	−0.114%	$241K	$597K	10x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid DOT	+0.0100%	1h	1.1910	−0.109%	$5.4M	$3.4M	10x	as long as short
Aster DOTUSDT	+0.0100%	8h	1.1925	+0.018%	$867K	$699K	50x	as long as short
Binance DOTUSDT	+0.0100%	8h	1.1919	−0.034%	$43.8M	$83.8M	75x	as long as short
Bybit DOTUSDT	+0.0100%	8h	1.1908	−0.126%	$24.6M	$18.7M	75x	as long as short
Gate DOT_USDT	+0.0100%	8h	1.1920	−0.025%	$6.7M	$11.2M	75x	as long as short
MEXC DOT_USDT	+0.0100%	8h	1.1919	−0.034%	$30.0M	$44.2M	300x	as long as short
Bitget DOTUSDT	+0.0100%	8h	1.1911	−0.101%	$22.7M	$14.7M	75x	as long as short
BingX DOT-USDC	+0.0100%	8h	1.1913	−0.084%	—	$1.3M	—	as long as short
Variational Omni DOT	+0.0100%	8h	1.1904	−0.162%	$542K	$59K	—	as long as short
edgeX DOTUSDC	+0.0100%	4h	1.1982	+0.492%	$35K	$332K	20x	as long as short
GRVT DOT_USDT_Perp	+0.0100%	8h	1.1995	+0.600%	$229K	$458K	10x	as long as short
Orderly PERP_DOT_USDC	+0.0100%	8h	1.1910	−0.109%	$8K	$23K	10x	as long as short
SunX DOT-USDT	+0.0100%	8h	1.1925	+0.017%	$1K	$1.3M	20x	as long as short
HTX DOT-USDT	+0.0100%	8h	1.1913	−0.084%	$248K	$223K	75x	as long as short
Extended DOT-USD	+0.0104%	1h	1.1915	−0.069%	$14K	$300K	25x	as long as short
Kraken Futures PF_DOTUSD	+0.0197%	1h	1.1916	−0.055%	$4.4M	$1.4M	50x	as long as short
BloFin DOT-USDT	+0.0220%	8h	1.1947	+0.201%	$2.2M	$788K	75x	as long as short
GMX DOT/USD [WBTC.b-USDC]	L +0.0302% / S −0.1012%	1h	1.1909	−0.114%	$22K	—	100x	as long as short
Phemex DOTUSDT	+0.0743%	8h	1.1930	+0.059%	$2.3M	$2.1M	50x	as long as short