DOT

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.2135%/8h= −233.8% APRnext payment −$2.67 per $10,000 · paid last 24h −0.142%

Price spread now: Deribit against Injective−1.206%7-day average −0.526% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Injective Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.824%−$82 on $10k

Price spread, last 4 days (all we have)+1.039%+$104 · spread now −1.206%, 7d avg −0.526%

Together, before fees+0.215%+$21 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$64 a day on $10k at the current rate, and Deribit is 0.681% cheaper against Injective than usual: you would sell low and buy high (−$68 if the spread goes back to its 7-day average of −0.526%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.824% in total (about -43.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.67 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	Injective DOT/USDC PERP	1.2020	0.0033	pay 0.0004% / 1h	30m 45s	$328	$121K	12x
Short	Deribit DOT_USDC-PERPETUAL	1.1875	−0.2102	pay 0.0263% / 1h	30m 45s	$228K	$116K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Injective. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee InjectivebpFee DeribitbpOrdersPrice spread, now −1.206%Rate

Funding earned: −$448.42
Price spread: −1.206% → −0.526%: −$68.06
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$523.5
Costs to cover: 0.070%
Break-even: never at this rate

Slippage unknown: Injective: no order-book sample; Deribit: live order book, 28 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 Injective no order-book sample	—	—	—	—	—
Sell Deribit live order book, 28 min ago	8.85 bp	17.4 bp −$17	doesn't fit	doesn't fit	doesn't fit

Injective: 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-PERPETUALshort	−0.2102%	1h	1.1875	−1.206%	$228K	$116K	50x
Coinbase International DOT-PERP-INTX	−0.0608%	1h	1.1860	−1.331%	$195K	$1.9M	50x	as long as short
Reya DOTRUSDPERP	−0.0166%	1h	1.1868	−1.268%	$257	—	—	as long as short
dYdX DOT-USD	0.0000%	1h	1.1898	−1.016%	$143K	$6K	10x	as long as short
gTrade (Gains Network) DOT/USD	L 0.0000% / S +0.0004%	1h	1.1871	−1.240%	$3K	—	150x	as long as short
Injective DOT/USDC PERPlong	+0.0033%	1h	1.2020	long leg	$328	$121K	12x
OKX DOT-USDT-SWAP	+0.0095%	8h	1.1903	−0.973%	$9.5M	$24.5M	50x	as long as short
Lighter DOT	+0.0096%	1h	1.1896	−1.034%	$269K	$634K	10x	as long as short
Hyperliquid DOT	+0.0100%	1h	1.1890	−1.082%	$5.3M	$3.4M	10x	as long as short
Aster DOTUSDT	+0.0100%	8h	1.1886	−1.118%	$858K	$580K	50x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance DOTUSDT	+0.0100%	8h	1.1893	−1.057%	$43.8M	$85.3M	75x	as long as short
Bybit DOTUSDT	+0.0100%	8h	1.1903	−0.973%	$24.4M	$19.0M	75x	as long as short
Gate DOT_USDT	+0.0100%	8h	1.1890	−1.082%	$6.6M	$11.9M	75x	as long as short
MEXC DOT_USDT	+0.0100%	8h	1.1901	−0.990%	$27.0M	$52.2M	300x	as long as short
KuCoin DOTUSDTM	+0.0100%	8h	1.1897	−1.023%	$6.5M	$9.2M	75x	as long as short
Bitget DOTUSDT	+0.0100%	8h	1.1898	−1.015%	$22.7M	$14.8M	75x	as long as short
BingX DOT-USDT	+0.0100%	8h	1.1904	−0.965%	—	$29.7M	—	as long as short
Backpack DOT_USDC_PERP	+0.0100%	1h	1.1872	−1.231%	$93K	$131K	10x	as long as short
Variational Omni DOT	+0.0100%	8h	1.1868	−1.261%	$540K	$58K	—	as long as short
edgeX DOTUSDC	+0.0100%	4h	1.1808	−1.767%	$35K	$335K	20x	as long as short
GRVT DOT_USDT_Perp	+0.0100%	8h	1.1810	−1.749%	$235K	$420K	10x	as long as short
Orderly PERP_DOT_USDC	+0.0100%	8h	1.1860	−1.331%	$8K	$24K	10x	as long as short
SunX DOT-USDT	+0.0100%	8h	1.1885	−1.123%	$2K	$1.3M	20x	as long as short
HTX DOT-USDT	+0.0100%	8h	1.1812	−1.730%	$257K	$242K	75x	as long as short
Extended DOT-USD	+0.0104%	1h	1.1901	−0.991%	$17K	$304K	25x	as long as short
Phemex DOTUSDT	+0.0145%	8h	1.1880	−1.165%	$2.3M	$2.2M	50x	as long as short
Kraken Futures PF_DOTUSD	+0.0213%	1h	1.1876	−1.196%	$4.4M	$1.5M	50x	as long as short
BloFin DOT-USDT	+0.0220%	8h	1.1871	−1.240%	$2.2M	$888K	75x	as long as short
GMX DOT/USD [WBTC.b-USDC]	L +0.0302% / S −0.1012%	1h	1.1871	−1.238%	$22K	—	100x	as long as short