Funding you earn now, next payment 04:00 UTC+0.0142%/8h= +15.5% APRpaid last 24h +0.121%
Price spread now: Phemex against dYdX+0.137%7-day average +0.159% · you sell dearer than you buy
Net, funding: paid 7d − costs−$147as in the Funding arb table
Net, price: spread back to 7d avg − costs−$237as in the Price arb table
costs, in and out, $10k−$2352.345% of the position
Funding, last 7 days+0.875%+$87 on $10k
+Price spread, last 4 days (all we have)−0.099%−$10 · spread now +0.137%, 7d avg +0.159%
=Funding pays, the price is against you. Phemex is 0.022% cheaper against dYdX than usual: you would sell low and buy high (spread +0.137% now, against its 7-day average of +0.159%). If the spread goes back, that is −$2 on $10k: about 12 hours of funding at the current rate (+$4 a day). At the pace of the last 7 days (+0.875% in total) that is about 4 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | dYdX DOT-USD | 1.1864 | 0 | get 0.0000% / 1h | 2m 58s | $143K | $6K | 10x |
| Short | Phemex DOTUSDT | 1.1880 | 0.0142 | get 0.0142% / 8h | 4h 02m | $2.4M | $2.2M | 50x |
dYdX DOT-USD
Phemex DOTUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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
- $29.76
- Price spread: +0.137% → +0.159%
- −$2.15
- Slippage, 4 orders
- −$212.55
- Fee dYdX: 5 bp × 2 orders
- −$10
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$206.94
- Costs to cover
- 2.345%
- Break-even
- 55.7 days
Slippage from dYdX: live order book, 56 min ago; Phemex: live order book, 6 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, 56 min ago | 92.67 bp | 97.7 bp −$98 | 119.2 bp −$1,192 | 166.3 bp −$16.6K | 190.9 bp −$95.4K |
| Sell Phemex live order book, 6 min ago | 4.21 bp | 23.4 bp −$23 | 45.7 bp −$457 | 105.2 bp −$10.5K | 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 | −0.1598% | 1h | 1.1880 | +0.137% | $226K | $121K | 50x | as long as short |
| Coinbase International DOT-PERP-INTX | −0.0608% | 1h | 1.1860 | −0.032% | $195K | $1.9M | 50x | as long as short |
| Reya DOTRUSDPERP | −0.0166% | 1h | 1.1870 | +0.053% | $257 | — | — | as long as short |
| dYdX DOT-USDlong | 0.0000% | 1h | 1.1864 | long leg | $143K | $6K | 10x | |
| gTrade (Gains Network) DOT/USD | L 0.0000% / S +0.0004% | 1h | 1.1873 | +0.075% | $3K | — | 150x | as long as short |
| Injective DOT/USDC PERP | +0.0033% | 1h | 1.2020 | +1.317% | $328 | $121K | 12x | as long as short |
| Lighter DOT | +0.0096% | 1h | 1.1874 | +0.086% | $268K | $636K | 10x | as long as short |
| Hyperliquid DOT | +0.0100% | 1h | 1.1873 | +0.078% | $5.3M | $3.3M | 10x | as long as short |
| Aster DOTUSDT | +0.0100% | 8h | 1.1864 | +0.005% | $846K | $597K | 50x | as long as short |
| Binance DOTUSDT | +0.0100% | 8h | 1.1879 | +0.131% | $43.8M | $85.0M | 75x | as long as short |
Deribit DOT_USDC-PERPETUAL
Coinbase International DOT-PERP-INTX
Reya DOTRUSDPERP
gTrade (Gains Network) DOT/USD
Injective DOT/USDC PERP
Lighter DOT
Hyperliquid DOT
Aster DOTUSDT
Binance DOTUSDTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit DOTUSDT | +0.0100% | 8h | 1.1872 | +0.070% | $24.3M | $18.8M | 75x | as long as short |
| OKX DOT-USDT-SWAP | +0.0100% | 8h | 1.1869 | +0.044% | $9.4M | $24.3M | 50x | as long as short |
| Gate DOT_USDT | +0.0100% | 8h | 1.1870 | +0.053% | $6.6M | $11.9M | 75x | as long as short |
| MEXC DOT_USDT | +0.0100% | 8h | 1.1879 | +0.129% | $30.3M | $53.6M | 300x | as long as short |
| KuCoin DOTUSDTM | +0.0100% | 8h | 1.1873 | +0.078% | $6.5M | $9.2M | 75x | as long as short |
| Bitget DOTUSDT | +0.0100% | 8h | 1.1867 | +0.027% | $22.7M | $14.7M | 75x | as long as short |
| BingX DOT-USDT | +0.0100% | 8h | 1.1874 | +0.086% | — | $29.6M | — | as long as short |
| Backpack DOT_USDC_PERP | +0.0100% | 1h | 1.1869 | +0.044% | $93K | $130K | 10x | as long as short |
| Variational Omni DOT | +0.0100% | 8h | 1.1833 | −0.256% | $538K | $58K | — | as long as short |
| edgeX DOTUSDC | +0.0100% | 4h | 1.1837 | −0.224% | $35K | $335K | 20x | as long as short |
| GRVT DOT_USDT_Perp | +0.0100% | 8h | 1.1850 | −0.116% | $236K | $407K | 10x | as long as short |
| Orderly PERP_DOT_USDC | +0.0100% | 8h | 1.1870 | +0.053% | $8K | $22K | 10x | as long as short |
| SunX DOT-USDT | +0.0100% | 8h | 1.1891 | +0.230% | $2K | $1.3M | 20x | as long as short |
| HTX DOT-USDT | +0.0100% | 8h | 1.1881 | +0.145% | $258K | $245K | 75x | as long as short |
| Extended DOT-USD | +0.0104% | 1h | 1.1872 | +0.067% | $14K | $310K | 25x | as long as short |
| Phemex DOTUSDTshort | +0.0142% | 8h | 1.1880 | +0.137% | $2.4M | $2.2M | 50x | |
| Kraken Futures PF_DOTUSD | +0.0213% | 1h | 1.1877 | +0.108% | $4.4M | $1.4M | 50x | as long as short |
| BloFin DOT-USDT | +0.0220% | 8h | 1.1876 | +0.103% | $2.2M | $901K | 75x | as long as short |
| GMX DOT/USD [WBTC.b-USDC] | L +0.0302% / S −0.1012% | 1h | 1.1872 | +0.070% | $22K | — | 100x | as long as short |
Bybit DOTUSDT
OKX DOT-USDT-SWAP
Gate DOT_USDT
MEXC 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
Kraken Futures PF_DOTUSD
BloFin DOT-USDT
GMX DOT/USD [WBTC.b-USDC]