Funding you earn now, next payment 04:00 UTC+0.1523%/8h= +166.8% APRpaid last 24h +0.150%
Price spread now: MEXC against Deribit−0.327%7-day average −0.063% · you buy dearer than you sell
Net, funding: paid 7d − costs+$49as in the Funding arb table
Net, price: spread back to 7d avg − costs−$59as in the Price arb table
costs, in and out, $10k−$330.329% of the position
Funding, last 7 days+0.819%+$82 on $10k
+Price spread, last 4 days (all we have)+0.384%+$38 · spread now −0.327%, 7d avg −0.063%
=Funding pays, the price is against you. MEXC is 0.264% cheaper against Deribit than usual: you would sell low and buy high (spread −0.327% now, against its 7-day average of −0.063%). If the spread goes back, that is −$26 on $10k: about 14 hours of funding at the current rate (+$46 a day). At the pace of the last 7 days (+0.819% in total) that is about 2.3 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.819% in total (about 42.7% 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 | 1.1935 | −0.1423 | get 0.0178% / 1h | 28m 34s | $229K | $116K | 50x |
| Short | MEXC DOT_USDT | 1.1896 | 0.0100 | get 0.0100% / 8h | 4h 28m | $27.3M | $52.3M | 300x |
Deribit DOT_USDC-PERPETUAL
MEXC DOT_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- $319.83
- Price spread: −0.327% → −0.063%
- −$26.42
- Slippage, 4 orders
- −$25.85
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- $260.56
- Costs to cover
- 0.329%
- Break-even
- 1.3 days
Slippage from Deribit: live order book, 30 min ago; MEXC: live order book, 5 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, 30 min ago | 8.85 bp | 12.4 bp −$12 | 21.9 bp −$219 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 5 min ago | 0.42 bp | 1.9 bp −$2 | 12.8 bp −$128 | 52.0 bp −$5,204 | 73.1 bp −$36.6K |
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 | −0.1423% | 1h | 1.1935 | long leg | $229K | $116K | 50x | |
| Coinbase International DOT-PERP-INTX | −0.0608% | 1h | 1.1920 | −0.126% | $196K | $1.9M | 50x | as long as short |
| Reya DOTRUSDPERP | −0.0166% | 1h | 1.1899 | −0.305% | $257 | — | — | as long as short |
| dYdX DOT-USD | 0.0000% | 1h | 1.1896 | −0.327% | $143K | $6K | 10x | as long as short |
| gTrade (Gains Network) DOT/USD | L 0.0000% / S +0.0004% | 1h | 1.1925 | −0.084% | $3K | — | 150x | as long as short |
| Injective DOT/USDC PERP | +0.0033% | 1h | 1.2020 | +0.712% | $328 | $121K | 12x | as long as short |
| Lighter DOT | +0.0096% | 1h | 1.1898 | −0.312% | $269K | $634K | 10x | as long as short |
| OKX DOT-USDT-SWAP | +0.0097% | 8h | 1.1896 | −0.327% | $9.5M | $24.4M | 50x | as long as short |
| Hyperliquid DOT | +0.0100% | 1h | 1.1895 | −0.335% | $5.3M | $3.4M | 10x | as long as short |
| Aster DOTUSDT | +0.0100% | 8h | 1.1896 | −0.328% | $858K | $580K | 50x | 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
OKX DOT-USDT-SWAP
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 | 1.1896 | −0.327% | $43.8M | $85.3M | 75x | as long as short |
| Bybit DOTUSDT | +0.0100% | 8h | 1.1893 | −0.352% | $24.4M | $18.9M | 75x | as long as short |
| Gate DOT_USDT | +0.0100% | 8h | 1.1900 | −0.293% | $6.6M | $11.9M | 75x | as long as short |
| MEXC DOT_USDTshort | +0.0100% | 8h | 1.1896 | −0.327% | $27.3M | $52.3M | 300x | |
| KuCoin DOTUSDTM | +0.0100% | 8h | 1.1896 | −0.327% | $6.5M | $9.2M | 75x | as long as short |
| Bitget DOTUSDT | +0.0100% | 8h | 1.1890 | −0.377% | $22.7M | $14.8M | 75x | as long as short |
| BingX DOT-USDT | +0.0100% | 8h | 1.1896 | −0.327% | — | $29.7M | — | as long as short |
| Backpack DOT_USDC_PERP | +0.0100% | 1h | 1.1909 | −0.218% | $93K | $130K | 10x | as long as short |
| Variational Omni DOT | +0.0100% | 8h | 1.1868 | −0.558% | $540K | $58K | — | as long as short |
| edgeX DOTUSDC | +0.0100% | 4h | 1.1863 | −0.602% | $35K | $336K | 20x | as long as short |
| GRVT DOT_USDT_Perp | +0.0100% | 8h | 1.1867 | −0.567% | $236K | $420K | 10x | as long as short |
| Orderly PERP_DOT_USDC | +0.0100% | 8h | 1.1920 | −0.126% | $8K | $24K | 10x | as long as short |
| SunX DOT-USDT | +0.0100% | 8h | 1.1941 | +0.050% | $2K | $1.3M | 20x | as long as short |
| HTX DOT-USDT | +0.0100% | 8h | 1.1922 | −0.109% | $259K | $242K | 75x | as long as short |
| Extended DOT-USD | +0.0104% | 1h | 1.1887 | −0.402% | $17K | $304K | 25x | as long as short |
| Phemex DOTUSDT | +0.0133% | 8h | 1.1930 | −0.042% | $2.4M | $2.2M | 50x | as long as short |
| Kraken Futures PF_DOTUSD | +0.0212% | 1h | 1.1929 | −0.049% | $4.4M | $1.5M | 50x | as long as short |
| BloFin DOT-USDT | +0.0220% | 8h | 1.1919 | −0.134% | $2.2M | $900K | 75x | as long as short |
| GMX DOT/USD [WBTC.b-USDC] | L +0.0302% / S −0.1012% | 1h | 1.1924 | −0.095% | $22K | — | 100x | as long as short |
Binance DOTUSDT
Bybit DOTUSDT
Gate 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]