DOT

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0489%/8h= −53.6% APRnext payment −$0.61 per $10,000 · paid last 24h −0.073%

Price spread now: Coinbase International against Kraken Futures+0.369%7-day average −0.031% · you sell dearer than you buy

Net, funding: paid 7d − costs−$89as in the Funding arb table

Net, price: spread back to 7d avg − costs−$23as in the Price arb table

costs, in and out, $10k−$630.631% of the position

Long on Kraken Futures Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.259%−$26 on $10k

Price spread, last 4 days (all we have)−0.329%−$33 · spread now +0.369%, 7d avg −0.031%

Together, before fees−0.588%−$59 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Coinbase International is 0.399% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.369% now, against its 7-day average of −0.031%): +$40 on $10k if it goes back. Holding the pair costs −$15 a day in funding at the current rate, which eats that in about 2.7 days. At the pace of the last 7 days (−0.259% in total) that is about 11 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.259% in total (about -13.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.61 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	Kraken Futures PF_DOTUSD	1.1856	0.0057	pay 0.0007% / 1h	11m 37s	$4.4M	$1.4M	50x
Short	Coinbase International DOT-PERP-INTX	1.1900	−0.0432	pay 0.0054% / 1h	11m 37s	$196K	$1.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Kraken Futures. 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 Kraken FuturesbpFee Coinbase InternationalbpOrdersPrice spread, now +0.369%Rate

Funding earned: −$102.76
Price spread: +0.369% → −0.031%: $39.93
Slippage, 4 orders: −$43.08
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$125.91
Costs to cover: 0.631%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 2 min ago; Coinbase International: live order book, 2 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 Kraken Futures live order book, 2 min ago	2.10 bp	14.8 bp −$15	26.8 bp −$268	140.6 bp −$14.1K	doesn't fit
Sell Coinbase International live order book, 2 min ago	4.21 bp	16.7 bp −$17	22.0 bp −$220	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-PERPETUAL	−0.2693%	1h	1.1859	+0.023%	$231K	$128K	50x	as long as short
Coinbase International DOT-PERP-INTXshort	−0.0432%	1h	1.1900	+0.369%	$196K	$1.9M	50x
Reya DOTRUSDPERP	−0.0166%	1h	1.1832	−0.202%	$256	—	—	as long as short
dYdX DOT-USD	0.0000%	1h	1.1852	−0.038%	$143K	$6K	10x	as long as short
gTrade (Gains Network) DOT/USD	L 0.0000% / S +0.0004%	1h	1.1856	−0.004%	$3K	—	150x	as long as short
Injective DOT/USDC PERP	+0.0033%	1h	1.2020	+1.381%	$328	$121K	12x	as long as short
Kraken Futures PF_DOTUSDlong	+0.0057%	1h	1.1856	long leg	$4.4M	$1.4M	50x
Lighter DOT	+0.0096%	1h	1.1851	−0.043%	$261K	$641K	10x	as long as short
Hyperliquid DOT	+0.0100%	1h	1.1852	−0.036%	$5.3M	$3.3M	10x	as long as short
Aster DOTUSDT	+0.0100%	8h	1.1857	+0.010%	$845K	$593K	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	1.1843	−0.115%	$43.4M	$85.1M	75x	as long as short
Bybit DOTUSDT	+0.0100%	8h	1.1835	−0.180%	$24.2M	$18.9M	75x	as long as short
OKX DOT-USDT-SWAP	+0.0100%	8h	1.1835	−0.180%	$9.4M	$24.3M	50x	as long as short
Gate DOT_USDT	+0.0100%	8h	1.1850	−0.053%	$6.6M	$12.0M	75x	as long as short
MEXC DOT_USDT	+0.0100%	8h	1.1847	−0.078%	$35.7M	$55.6M	300x	as long as short
KuCoin DOTUSDTM	+0.0100%	8h	1.1849	−0.061%	$6.4M	$9.2M	75x	as long as short
Bitget DOTUSDT	+0.0100%	8h	1.1840	−0.137%	$22.6M	$14.6M	75x	as long as short
BingX DOT-USDT	+0.0100%	8h	1.1844	−0.104%	—	$29.6M	—	as long as short
Backpack DOT_USDC_PERP	+0.0100%	1h	1.1847	−0.078%	$92K	$130K	10x	as long as short
Variational Omni DOT	+0.0100%	8h	1.1884	+0.237%	$541K	$52K	—	as long as short
edgeX DOTUSDC	+0.0100%	4h	1.1879	+0.190%	$35K	$334K	20x	as long as short
GRVT DOT_USDT_Perp	+0.0100%	8h	1.1874	+0.146%	$235K	$432K	10x	as long as short
Orderly PERP_DOT_USDC	+0.0100%	8h	1.1860	+0.031%	$8K	$19K	10x	as long as short
SunX DOT-USDT	+0.0100%	8h	1.1873	+0.141%	$2K	$1.3M	20x	as long as short
HTX DOT-USDT	+0.0100%	8h	1.1872	+0.133%	$263K	$261K	75x	as long as short
Extended DOT-USD	+0.0104%	1h	1.1841	−0.133%	$17K	$263K	25x	as long as short
Phemex DOTUSDT	+0.0118%	8h	1.1860	+0.031%	$2.4M	$2.2M	50x	as long as short
BloFin DOT-USDT	+0.0220%	8h	1.1868	+0.099%	$2.2M	$880K	75x	as long as short
GMX DOT/USD [WBTC.b-USDC]	L +0.0302% / S −0.1012%	1h	1.1853	−0.026%	$22K	—	100x	as long as short