Funding you earn now, next payment 06:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.116%
Price spread now: Phemex against gTrade (Gains Network)+0.120%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Phemex is 0.120% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$12 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | gTrade (Gains Network) DOT/USD | 1.1686 | L 0.0000% / S +0.0004% | pay 0.0000% / 1h | 21m 53s | $3K | — | 150x |
| Short | Phemex DOTUSDT | 1.1700 | 0.0100 | get 0.0100% / 8h | 2h 21m | $2.4M | $2.2M | 50x |
gTrade (Gains Network) DOT/USD
Phemex DOTUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against gTrade (Gains Network). 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
- $20.9
- Price spread: +0.120% → 0.000%
- $11.98
- Slippage, 4 orders
- no order book: not counted
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- $10.88
- Costs to cover
- 0.220%
- Break-even
- 3.4 days
Slippage unknown: gTrade (Gains Network): no order-book sample; Phemex: live order book, 2 min ago. Net counts fees only.
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 gTrade (Gains Network) no order-book sample | — | — | — | — | — |
| Sell Phemex live order book, 2 min ago | 4.28 bp | 28.8 bp −$29 | 51.6 bp −$516 | 116.7 bp −$11.7K | doesn't fit |
gTrade (Gains Network): no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.3073% | 1h | 1.1697 | +0.094% | $235K | $136K | 50x | as long as short |
| Coinbase International DOT-PERP-INTX | −0.0864% | 1h | 1.1680 | −0.051% | $170K | $2.0M | 50x | as long as short |
| Reya DOTRUSDPERP | −0.0166% | 1h | 1.1676 | −0.084% | $253 | — | — | as long as short |
| dYdX DOT-USD | 0.0000% | 1h | 1.1668 | −0.153% | $140K | $6K | 10x | as long as short |
| gTrade (Gains Network) DOT/USDlong | L 0.0000% / S +0.0004% | 1h | 1.1686 | long leg | $3K | — | 150x | |
| Injective DOT/USDC PERP | +0.0033% | 1h | 1.2020 | +2.858% | $328 | $121K | 12x | as long as short |
| Kraken Futures PF_DOTUSD | +0.0092% | 1h | 1.1704 | +0.152% | $4.3M | $1.4M | 50x | as long as short |
| Lighter DOT | +0.0096% | 1h | 1.1692 | +0.048% | $251K | $666K | 10x | as long as short |
| Hyperliquid DOT | +0.0100% | 1h | 1.1697 | +0.094% | $5.2M | $3.5M | 10x | as long as short |
| Aster DOTUSDT | +0.0100% | 8h | 1.1684 | −0.019% | $838K | $602K | 50x | as long as short |
Deribit DOT_USDC-PERPETUAL
Coinbase International DOT-PERP-INTX
Reya DOTRUSDPERP
dYdX 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 | 1.1701 | +0.127% | $42.6M | $87.6M | 75x | as long as short |
| Bybit DOTUSDT | +0.0100% | 8h | 1.1696 | +0.086% | $23.7M | $19.9M | 75x | as long as short |
| OKX DOT-USDT-SWAP | +0.0100% | 8h | 1.1696 | +0.086% | $9.2M | $25.2M | 50x | as long as short |
| Gate DOT_USDT | +0.0100% | 8h | 1.1700 | +0.120% | $6.7M | $12.6M | 75x | as long as short |
| MEXC DOT_USDT | +0.0100% | 8h | 1.1700 | +0.120% | $29.8M | $58.3M | 300x | as long as short |
| KuCoin DOTUSDTM | +0.0100% | 8h | 1.1699 | +0.111% | $6.2M | $9.4M | 75x | as long as short |
| Bitget DOTUSDT | +0.0100% | 8h | 1.1700 | +0.120% | $22.3M | $14.8M | 75x | as long as short |
| BingX DOT-USDC | +0.0100% | 8h | 1.1701 | +0.128% | — | $1.3M | — | as long as short |
| Backpack DOT_USDC_PERP | +0.0100% | 1h | 1.1696 | +0.086% | $91K | $130K | 10x | as long as short |
| Variational Omni DOT | +0.0100% | 8h | 1.1614 | −0.620% | $528K | $51K | — | as long as short |
| edgeX DOTUSDC | +0.0100% | 4h | 1.1592 | −0.805% | $34K | $334K | 20x | as long as short |
| GRVT DOT_USDT_Perp | +0.0100% | 8h | 1.1650 | −0.308% | $223K | $419K | 10x | as long as short |
| Orderly PERP_DOT_USDC | +0.0100% | 8h | 1.1690 | +0.034% | $8K | $19K | 10x | as long as short |
| SunX DOT-USDT | +0.0100% | 8h | 1.1716 | +0.257% | $1K | $1.3M | 20x | as long as short |
| HTX DOT-USDT | +0.0100% | 8h | 1.1692 | +0.051% | $263K | $276K | 75x | as long as short |
| Phemex DOTUSDTshort | +0.0100% | 8h | 1.1700 | +0.120% | $2.4M | $2.2M | 50x | |
| Extended DOT-USD | +0.0104% | 1h | 1.1693 | +0.060% | $13K | $244K | 25x | as long as short |
| BloFin DOT-USDT | +0.0220% | 8h | 1.1653 | −0.282% | $2.1M | $905K | 75x | as long as short |
| GMX DOT/USD [WBTC.b-USDC] | L +0.0291% / S −0.0937% | 1h | 1.1684 | −0.020% | $20K | — | 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
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
BloFin DOT-USDT
GMX DOT/USD [WBTC.b-USDC]