Funding you earn now, next payment 22:00 UTC−0.0128%/8h= −14.0% APRnext payment −$0.16 per $10,000 · paid last 24h −0.045%
Price spread now: Coinbase International against dYdX−0.037%7-day average −0.005% · you buy dearer than you sell
Net, funding: paid 7d − costs−$270as in the Funding arb table
Net, price: spread back to 7d avg − costs−$264as in the Price arb table
costs, in and out, $10k−$2612.610% of the position
Funding, last 7 days−0.091%−$9 on $10k
+Price spread, last 3 days (all we have)−0.026%−$3 · spread now −0.037%, 7d avg −0.005%
=Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Coinbase International is 0.031% cheaper against dYdX than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.005%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | dYdX DOT-USD | 1.2024 | 0 | get 0.0000% / 1h | 39m 55s | $145K | $6K | 10x |
| Short | Coinbase International DOT-PERP-INTX | 1.2020 | −0.0128 | pay 0.0016% / 1h | 39m 55s | $185K | $1.8M | 50x |
dYdX DOT-USD
Coinbase International DOT-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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
- −$26.88
- Price spread: −0.037% → −0.005%
- −$3.14
- Slippage, 4 orders
- −$241.05
- Fee dYdX: 5 bp × 2 orders
- −$10
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$291.07
- Costs to cover
- 2.610%
- Break-even
- never at this rate
Slippage from dYdX: live order book, 44 min ago; Coinbase International: 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 dYdX live order book, 44 min ago | 100.25 bp | 129.2 bp −$129 | 152.8 bp −$1,528 | 168.1 bp −$16.8K | 221.0 bp −$110.5K |
| Sell Coinbase International live order book, 4 min ago | 4.17 bp | 9.2 bp −$9 | 15.3 bp −$153 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Reya DOTRUSDPERP | −0.0166% | 1h | 1.2024 | −0.001% | $260 | — | — | as long as short |
| Coinbase International DOT-PERP-INTXshort | −0.0128% | 1h | 1.2020 | −0.037% | $185K | $1.8M | 50x | |
| Kraken Futures PF_DOTUSD | −0.0053% | 1h | 1.2042 | +0.149% | $4.5M | $1.3M | 50x | as long as short |
| Injective DOT/USDC PERP | −0.0040% | 1h | 1.2020 | −0.037% | $328 | $121K | 12x | as long as short |
| OKX DOT-USDT-SWAP | −0.0030% | 8h | 1.2032 | +0.063% | $9.5M | $23.7M | 50x | as long as short |
| dYdX DOT-USDlong | 0.0000% | 1h | 1.2024 | long leg | $145K | $6K | 10x | |
| gTrade (Gains Network) DOT/USD | L 0.0000% / S +0.0004% | 1h | 1.2037 | +0.103% | $5K | — | 150x | as long as short |
| KuCoin DOTUSDTM | +0.0023% | 8h | 1.2038 | +0.113% | $6.8M | $8.6M | 75x | as long as short |
| MEXC DOT_USDT | +0.0073% | 8h | 1.2034 | +0.080% | $26.6M | $36.4M | 300x | as long as short |
| Binance DOTUSDT | +0.0076% | 8h | 1.2031 | +0.058% | $44.2M | $80.7M | 75x | as long as short |
Reya DOTRUSDPERP
Kraken Futures PF_DOTUSD
Injective DOT/USDC PERP
OKX DOT-USDT-SWAP
gTrade (Gains Network) DOT/USD
KuCoin DOTUSDTM
MEXC DOT_USDT
Binance DOTUSDTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended DOT-USD | +0.0080% | 1h | 1.2029 | +0.036% | $15K | $235K | 25x | as long as short |
| Deribit DOT_USDC-PERPETUAL | +0.0082% | 1h | 1.2043 | +0.154% | $220K | $117K | 50x | as long as short |
| Lighter DOT | +0.0096% | 1h | 1.2036 | +0.099% | $253K | $593K | 10x | as long as short |
| Hyperliquid DOT | +0.0100% | 1h | 1.2046 | +0.179% | $5.3M | $3.2M | 10x | as long as short |
| Aster DOTUSDT | +0.0100% | 8h | 1.2032 | +0.060% | $894K | $649K | 50x | as long as short |
| Bybit DOTUSDT | +0.0100% | 8h | 1.2028 | +0.030% | $24.6M | $17.9M | 75x | as long as short |
| Gate DOT_USDT | +0.0100% | 8h | 1.2040 | +0.129% | $6.8M | $11.4M | 75x | as long as short |
| Bitget DOTUSDT | +0.0100% | 8h | 1.2030 | +0.046% | $23.1M | $14.1M | 75x | as long as short |
| BingX DOT-USDC | +0.0100% | 8h | 1.2037 | +0.104% | — | $1.3M | — | as long as short |
| Backpack DOT_USDC_PERP | +0.0100% | 1h | 1.2037 | +0.104% | $99K | $127K | 10x | as long as short |
| Variational Omni DOT | +0.0100% | 8h | 1.2008 | −0.136% | $547K | $63K | — | as long as short |
| edgeX DOTUSDC | +0.0100% | 4h | 1.1993 | −0.265% | $35K | $331K | 20x | as long as short |
| GRVT DOT_USDT_Perp | +0.0100% | 8h | 1.1980 | −0.369% | $232K | $456K | 10x | as long as short |
| Orderly PERP_DOT_USDC | +0.0100% | 8h | 1.2030 | +0.046% | $8K | $24K | 10x | as long as short |
| SunX DOT-USDT | +0.0100% | 8h | 1.2039 | +0.121% | $1K | $1.2M | 20x | as long as short |
| HTX DOT-USDT | +0.0100% | 8h | 1.2015 | −0.078% | $248K | $219K | 75x | as long as short |
| BloFin DOT-USDT | +0.0193% | 8h | 1.2016 | −0.070% | $2.2M | $764K | 75x | as long as short |
| GMX DOT/USD [WBTC.b-USDC] | L +0.0304% / S −0.1025% | 1h | 1.2037 | +0.105% | $23K | — | 100x | as long as short |
| Phemex DOTUSDT | +0.0307% | 8h | 1.2050 | +0.213% | $2.2M | $2.1M | 50x | as long as short |
Extended DOT-USD
Deribit DOT_USDC-PERPETUAL
Lighter DOT
Hyperliquid DOT
Aster DOTUSDT
Bybit DOTUSDT
Gate DOT_USDT
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
BloFin DOT-USDT
GMX DOT/USD [WBTC.b-USDC]
Phemex DOTUSDT