Funding you earn now, next payment 22:00 UTC−0.1012%/8h= −110.8% APRnext payment −$1.26 per $10,000 · paid last 24h −0.156%
Price spread now: Deribit against dYdX−0.120%7-day average +0.039% · you buy dearer than you sell
Net, funding: paid 7d − costs−$230as in the Funding arb table
Net, price: spread back to 7d avg − costs−$176as 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)−0.009%−$1 · spread now −0.120%, 7d avg +0.039%
=Both sides work against this trade now: funding costs −$30 a day on $10k at the current rate, and Deribit is 0.159% cheaper against dYdX than usual: you would sell low and buy high (−$16 if the spread goes back to its 7-day average of +0.039%). Swap the legs.
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 −$1.26 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 | dYdX DOT-USD | 1.1881 | 0 | get 0.0000% / 1h | 39m 01s | $143K | $6K | 10x |
| Short | Deribit DOT_USDC-PERPETUAL | 1.1867 | −0.1012 | pay 0.0126% / 1h | 39m 01s | $217K | $118K | 50x |
dYdX DOT-USD
Deribit DOT_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- −$212.52
- Price spread: −0.120% → +0.039%
- −$15.9
- Slippage, 4 orders
- −$143.22
- Fee dYdX: 5 bp × 2 orders
- −$10
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$388.64
- Costs to cover
- 1.602%
- Break-even
- never at this rate
Slippage from dYdX: live order book, 50 min ago; Deribit: live order book, 49 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, 50 min ago | 62.79 bp | 67.8 bp −$68 | 67.8 bp −$678 | 119.4 bp −$11.9K | 660.6 bp −$330.3K |
| Sell Deribit live order book, 49 min ago | 7.57 bp | 11.9 bp −$12 | 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-PERPETUALshort | −0.1012% | 1h | 1.1867 | −0.120% | $217K | $118K | 50x | |
| Reya DOTRUSDPERP | −0.0166% | 1h | 1.1853 | −0.234% | $257 | — | — | as long as short |
| Kraken Futures PF_DOTUSD | −0.0129% | 1h | 1.1861 | −0.169% | $4.4M | $1.3M | 50x | as long as short |
| Injective DOT/USDC PERP | −0.0080% | 1h | 1.1820 | −0.516% | $323 | $83K | 12x | as long as short |
| Coinbase International DOT-PERP-INTX | −0.0064% | 1h | 1.1880 | −0.011% | $190K | $1.8M | 50x | as long as short |
| OKX DOT-USDT-SWAP | −0.0038% | 8h | 1.1852 | −0.246% | $9.3M | $22.9M | 50x | as long as short |
| dYdX DOT-USDlong | 0.0000% | 1h | 1.1881 | long leg | $143K | $6K | 10x | |
| gTrade (Gains Network) DOT/USD | L 0.0000% / S +0.0004% | 1h | 1.1866 | −0.125% | $3K | — | 150x | as long as short |
| KuCoin DOTUSDTM | +0.0034% | 8h | 1.1856 | −0.213% | $6.7M | $8.6M | 75x | as long as short |
| MEXC DOT_USDT | +0.0092% | 8h | 1.1855 | −0.221% | $32.3M | $34.2M | 300x | 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
KuCoin DOTUSDTM
MEXC DOT_USDTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Backpack DOT_USDC_PERP | +0.0093% | 1h | 1.1855 | −0.221% | $95K | $121K | 10x | as long as short |
| Binance DOTUSDT | +0.0096% | 8h | 1.1852 | −0.246% | $43.8M | $79.7M | 75x | as long as short |
| Lighter DOT | +0.0096% | 1h | 1.1857 | −0.209% | $259K | $563K | 10x | as long as short |
| Extended DOT-USD | +0.0096% | 1h | 1.1853 | −0.235% | $15K | $240K | 25x | as long as short |
| Hyperliquid DOT | +0.0100% | 1h | 1.1864 | −0.145% | $5.3M | $3.1M | 10x | as long as short |
| Aster DOTUSDT | +0.0100% | 8h | 1.1865 | −0.140% | $889K | $647K | 50x | as long as short |
| Bybit DOTUSDT | +0.0100% | 8h | 1.1853 | −0.238% | $24.3M | $17.6M | 75x | as long as short |
| Gate DOT_USDT | +0.0100% | 8h | 1.1860 | −0.179% | $6.8M | $11.2M | 75x | as long as short |
| Bitget DOTUSDT | +0.0100% | 8h | 1.1860 | −0.179% | $22.8M | $13.5M | 75x | as long as short |
| BingX DOT-USDT | +0.0100% | 8h | 1.1857 | −0.204% | — | $28.5M | — | as long as short |
| Variational Omni DOT | +0.0100% | 8h | 1.1856 | −0.217% | $539K | $91K | — | as long as short |
| edgeX DOTUSDC | +0.0100% | 4h | 1.1855 | −0.221% | $35K | $331K | 20x | as long as short |
| GRVT DOT_USDT_Perp | +0.0100% | 8h | 1.1857 | −0.204% | $230K | $469K | 10x | as long as short |
| Orderly PERP_DOT_USDC | +0.0100% | 8h | 1.1860 | −0.179% | $8K | $27K | 10x | as long as short |
| SunX DOT-USDT | +0.0100% | 8h | 1.1870 | −0.095% | $2K | $1.2M | 20x | as long as short |
| HTX DOT-USDT | +0.0100% | 8h | 1.1875 | −0.053% | $246K | $206K | 75x | as long as short |
| BloFin DOT-USDT | +0.0216% | 8h | 1.1852 | −0.246% | $2.2M | $755K | 75x | as long as short |
| GMX DOT/USD [WBTC.b-USDC] | L +0.0301% / S −0.1014% | 1h | 1.1865 | −0.139% | $22K | — | 100x | as long as short |
| Phemex DOTUSDT | +0.0382% | 8h | 1.1870 | −0.095% | $2.2M | $2.1M | 50x | as long as short |
Backpack DOT_USDC_PERP
Binance DOTUSDT
Lighter DOT
Extended DOT-USD
Hyperliquid DOT
Aster DOTUSDT
Bybit DOTUSDT
Gate DOT_USDT
Bitget DOTUSDT
BingX DOT-USDT
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