Funding you earn now, next payment 04:00 UTC−0.1805%/8h= −197.6% APRnext payment −$2.26 per $10,000 · paid last 24h −0.143%
Price spread now: Deribit against Kraken Futures−0.013%7-day average +0.011% · you buy dearer than you sell
Net, funding: paid 7d − costs−$149as in the Funding arb table
Net, price: spread back to 7d avg − costs−$65as in the Price arb table
costs, in and out, $10k−$630.626% of the position
Funding, last 7 days−0.863%−$86 on $10k
+Price spread, last 4 days (all we have)+0.039%+$4 · spread now −0.013%, 7d avg +0.011%
=Both sides work against this trade now: funding costs −$54 a day on $10k at the current rate, and Deribit is 0.025% cheaper against Kraken Futures than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.011%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.863% in total (about -45.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.26 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 | Kraken Futures PF_DOTUSD | 1.1921 | 0.0213 | pay 0.0027% / 1h | 27m 19s | $4.4M | $1.5M | 50x |
| Short | Deribit DOT_USDC-PERPETUAL | 1.1919 | −0.1592 | pay 0.0199% / 1h | 27m 19s | $229K | $116K | 50x |
Kraken Futures PF_DOTUSD
Deribit DOT_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$378.96
- Price spread: −0.013% → +0.011%
- −$2.48
- Slippage, 4 orders
- −$45.61
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$444.05
- Costs to cover
- 0.626%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 2 min ago; Deribit: live order book, 31 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 | 5.88 bp | 19.1 bp −$19 | 34.1 bp −$341 | 148.8 bp −$14.9K | doesn't fit |
| Sell Deribit live order book, 31 min ago | 8.85 bp | 17.4 bp −$17 | 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 | −0.1592% | 1h | 1.1919 | −0.013% | $229K | $116K | 50x | |
| Coinbase International DOT-PERP-INTX | −0.0608% | 1h | 1.1910 | −0.089% | $196K | $1.9M | 50x | as long as short |
| Reya DOTRUSDPERP | −0.0166% | 1h | 1.1903 | −0.148% | $258 | — | — | as long as short |
| dYdX DOT-USD | 0.0000% | 1h | 1.1912 | −0.072% | $143K | $6K | 10x | as long as short |
| gTrade (Gains Network) DOT/USD | L 0.0000% / S +0.0004% | 1h | 1.1904 | −0.138% | $3K | — | 150x | as long as short |
| Injective DOT/USDC PERP | +0.0033% | 1h | 1.2020 | +0.834% | $328 | $121K | 12x | as long as short |
| OKX DOT-USDT-SWAP | +0.0095% | 8h | 1.1909 | −0.097% | $9.5M | $24.5M | 50x | as long as short |
| Lighter DOT | +0.0096% | 1h | 1.1923 | +0.021% | $270K | $634K | 10x | as long as short |
| Hyperliquid DOT | +0.0100% | 1h | 1.1907 | −0.114% | $5.3M | $3.4M | 10x | as long as short |
| Aster DOTUSDT | +0.0100% | 8h | 1.1900 | −0.173% | $859K | $580K | 50x | as long as short |
Coinbase International DOT-PERP-INTX
Reya DOTRUSDPERP
dYdX DOT-USD
gTrade (Gains Network) DOT/USD
Injective DOT/USDC PERP
OKX DOT-USDT-SWAP
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 | 1.1918 | −0.022% | $43.9M | $85.3M | 75x | as long as short |
| Bybit DOTUSDT | +0.0100% | 8h | 1.1906 | −0.122% | $24.4M | $19.0M | 75x | as long as short |
| Gate DOT_USDT | +0.0100% | 8h | 1.1900 | −0.173% | $6.6M | $11.9M | 75x | as long as short |
| MEXC DOT_USDT | +0.0100% | 8h | 1.1908 | −0.106% | $27.4M | $52.4M | 300x | as long as short |
| KuCoin DOTUSDTM | +0.0100% | 8h | 1.1905 | −0.131% | $6.5M | $9.2M | 75x | as long as short |
| Bitget DOTUSDT | +0.0100% | 8h | 1.1900 | −0.173% | $22.7M | $14.8M | 75x | as long as short |
| BingX DOT-USDT | +0.0100% | 8h | 1.1903 | −0.148% | — | $29.7M | — | as long as short |
| Backpack DOT_USDC_PERP | +0.0100% | 1h | 1.1883 | −0.315% | $93K | $130K | 10x | as long as short |
| Variational Omni DOT | +0.0100% | 8h | 1.1868 | −0.438% | $540K | $58K | — | as long as short |
| edgeX DOTUSDC | +0.0100% | 4h | 1.1863 | −0.481% | $35K | $336K | 20x | as long as short |
| GRVT DOT_USDT_Perp | +0.0100% | 8h | 1.1867 | −0.446% | $236K | $420K | 10x | as long as short |
| Orderly PERP_DOT_USDC | +0.0100% | 8h | 1.1910 | −0.089% | $8K | $24K | 10x | as long as short |
| SunX DOT-USDT | +0.0100% | 8h | 1.1933 | +0.104% | $2K | $1.3M | 20x | as long as short |
| HTX DOT-USDT | +0.0100% | 8h | 1.1905 | −0.131% | $259K | $242K | 75x | as long as short |
| Extended DOT-USD | +0.0104% | 1h | 1.1908 | −0.103% | $17K | $304K | 25x | as long as short |
| Phemex DOTUSDT | +0.0143% | 8h | 1.1930 | +0.079% | $2.4M | $2.2M | 50x | as long as short |
| Kraken Futures PF_DOTUSDlong | +0.0213% | 1h | 1.1921 | long leg | $4.4M | $1.5M | 50x | |
| BloFin DOT-USDT | +0.0220% | 8h | 1.1900 | −0.173% | $2.2M | $902K | 75x | as long as short |
| GMX DOT/USD [WBTC.b-USDC] | L +0.0302% / S −0.1012% | 1h | 1.1903 | −0.144% | $22K | — | 100x | as long as short |
Binance DOTUSDT
Bybit DOTUSDT
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
Phemex DOTUSDT
BloFin DOT-USDT
GMX DOT/USD [WBTC.b-USDC]