Funding you earn now, next payment 05:00 UTC+0.0100%/8h= +10.9% APRnext payment +$0.13 per $10,000 · paid last 24h +0.034%
Price spread now: Backpack against dYdX−0.075%7-day average −0.016% · you buy dearer than you sell
Net, funding: paid 7d − costs−$277as in the Funding arb table
Net, price: spread back to 7d avg − costs−$297as in the Price arb table
costs, in and out, $10k−$2912.906% of the position
Funding, last 7 days+0.138%+$14 on $10k
+Price spread, last 4 days (all we have)−0.079%−$8 · spread now −0.075%, 7d avg −0.016%
=Funding pays, the price is against you. Backpack is 0.059% cheaper against dYdX than usual: you would sell low and buy high (spread −0.075% now, against its 7-day average of −0.016%). If the spread goes back, that is −$6 on $10k: about 47 hours of funding at the current rate (+$3 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | dYdX DOT-USD | 1.1805 | 0 | get 0.0000% / 1h | 8m 46s | $142K | $6K | 10x |
| Short | Backpack DOT_USDC_PERP | 1.1796 | 0.0100 | get 0.0013% / 1h | 8m 46s | $91K | $130K | 10x |
dYdX DOT-USD
Backpack DOT_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against dYdX. 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
- $21
- Price spread: −0.075% → −0.016%
- −$5.9
- Slippage, 4 orders
- −$270.61
- Fee dYdX: 5 bp × 2 orders
- −$10
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$275.51
- Costs to cover
- 2.906%
- Break-even
- 98.8 days
Slippage from dYdX: live order book, 45 min ago; Backpack: live order book, 44 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 dYdX live order book, 45 min ago | 133.89 bp | 138.9 bp −$139 | 146.0 bp −$1,460 | 154.1 bp −$15.4K | 184.5 bp −$92.3K |
| Sell Backpack live order book, 44 min ago | 0.42 bp | 6.3 bp −$6 | doesn't fit | doesn't fit | 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 | −0.2792% | 1h | 1.1800 | −0.041% | $230K | $128K | 50x | as long as short |
| Coinbase International DOT-PERP-INTX | −0.0432% | 1h | 1.1830 | +0.213% | $195K | $1.9M | 50x | as long as short |
| Reya DOTRUSDPERP | −0.0166% | 1h | 1.1791 | −0.116% | $255 | — | — | as long as short |
| dYdX DOT-USDlong | 0.0000% | 1h | 1.1805 | long leg | $142K | $6K | 10x | |
| gTrade (Gains Network) DOT/USD | L 0.0000% / S +0.0004% | 1h | 1.1794 | −0.092% | $3K | — | 150x | as long as short |
| Injective DOT/USDC PERP | +0.0033% | 1h | 1.2020 | +1.822% | $328 | $121K | 12x | as long as short |
| Kraken Futures PF_DOTUSD | +0.0058% | 1h | 1.1802 | −0.028% | $4.4M | $1.4M | 50x | as long as short |
| Lighter DOT | +0.0096% | 1h | 1.1802 | −0.023% | $260K | $643K | 10x | as long as short |
| Hyperliquid DOT | +0.0100% | 1h | 1.1802 | −0.024% | $5.3M | $3.4M | 10x | as long as short |
| Aster DOTUSDT | +0.0100% | 8h | 1.1811 | +0.053% | $842K | $593K | 50x | as long as short |
Deribit DOT_USDC-PERPETUAL
Coinbase International DOT-PERP-INTX
Reya DOTRUSDPERP
gTrade (Gains Network) DOT/USD
Injective DOT/USDC PERP
Kraken Futures PF_DOTUSD
Lighter DOT
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 | 1.1801 | −0.033% | $43.3M | $85.2M | 75x | as long as short |
| Bybit DOTUSDT | +0.0100% | 8h | 1.1800 | −0.041% | $24.1M | $18.9M | 75x | as long as short |
| OKX DOT-USDT-SWAP | +0.0100% | 8h | 1.1801 | −0.033% | $9.3M | $24.3M | 50x | as long as short |
| Gate DOT_USDT | +0.0100% | 8h | 1.1800 | −0.041% | $6.6M | $12.0M | 75x | as long as short |
| MEXC DOT_USDT | +0.0100% | 8h | 1.1804 | −0.007% | $25.0M | $55.9M | 300x | as long as short |
| KuCoin DOTUSDTM | +0.0100% | 8h | 1.1800 | −0.041% | $6.3M | $9.2M | 75x | as long as short |
| Bitget DOTUSDT | +0.0100% | 8h | 1.1797 | −0.067% | $22.5M | $14.5M | 75x | as long as short |
| BingX DOT-USDC | +0.0100% | 8h | 1.1868 | +0.535% | — | $1.3M | — | as long as short |
| Backpack DOT_USDC_PERPshort | +0.0100% | 1h | 1.1796 | −0.075% | $91K | $130K | 10x | |
| Variational Omni DOT | +0.0100% | 8h | 1.1824 | +0.165% | $539K | $52K | — | as long as short |
| edgeX DOTUSDC | +0.0100% | 4h | 1.1879 | +0.627% | $35K | $334K | 20x | as long as short |
| GRVT DOT_USDT_Perp | +0.0100% | 8h | 1.1874 | +0.582% | $235K | $432K | 10x | as long as short |
| Orderly PERP_DOT_USDC | +0.0100% | 8h | 1.1800 | −0.041% | $8K | $19K | 10x | as long as short |
| SunX DOT-USDT | +0.0100% | 8h | 1.1807 | +0.018% | $1K | $1.3M | 20x | as long as short |
| HTX DOT-USDT | +0.0100% | 8h | 1.1801 | −0.033% | $261K | $262K | 75x | as long as short |
| Extended DOT-USD | +0.0104% | 1h | 1.1797 | −0.067% | $17K | $211K | 25x | as long as short |
| Phemex DOTUSDT | +0.0115% | 8h | 1.1820 | +0.128% | $2.4M | $2.2M | 50x | as long as short |
| BloFin DOT-USDT | +0.0220% | 8h | 1.1799 | −0.050% | $2.2M | $880K | 75x | as long as short |
| GMX DOT/USD [WBTC.b-USDC] | L +0.0301% / S −0.1012% | 1h | 1.1792 | −0.113% | $22K | — | 100x | as long as short |
Binance DOTUSDT
Bybit DOTUSDT
OKX DOT-USDT-SWAP
Gate DOT_USDT
MEXC DOT_USDT
KuCoin DOTUSDTM
Bitget DOTUSDT
BingX DOT-USDC
Variational Omni DOT
edgeX DOTUSDC
GRVT DOT_USDT_Perp
Orderly PERP_DOT_USDC
SunX DOT-USDT
HTX DOT-USDT
Extended DOT-USD
Phemex DOTUSDT
BloFin DOT-USDT
GMX DOT/USD [WBTC.b-USDC]