Funding you earn now, next payment 08:00 UTC−0.0335%/8h= −36.7% APRnext payment −$0.42 per $10,000 · paid last 24h −0.017%
Price spread now: dYdX against Kraken Futures−0.073%7-day average −0.025% · you buy dearer than you sell
Net, funding: paid 7d − costs−$304as in the Funding arb table
Net, price: spread back to 7d avg − costs−$295as in the Price arb table
costs, in and out, $10k−$2902.903% of the position
Funding, last 7 days−0.136%−$14 on $10k
+Price spread, last 4 days (all we have)+0.109%+$11 · spread now −0.073%, 7d avg −0.025%
=Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and dYdX is 0.048% cheaper against Kraken Futures than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.025%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.136% in total (about -7.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.42 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 | 1.1662 | 0.0338 | pay 0.0042% / 1h | 41m 58s | $4.4M | $1.5M | 50x |
| Short | dYdX DOT-USD | 1.1654 | 0.0003 | get 0.0000% / 1h | 41m 58s | $140K | $6K | 10x |
Kraken Futures PF_DOTUSD
dYdX DOT-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
dYdX 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
- −$70.38
- Price spread: −0.073% → −0.025%
- −$4.78
- Slippage, 4 orders
- −$270.26
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee dYdX: 5 bp × 2 orders
- −$10
- Net
- −$365.42
- Costs to cover
- 2.903%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 2 min ago; dYdX: live order book, 62 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 | 2.57 bp | 13.8 bp −$14 | 16.2 bp −$162 | 100.8 bp −$10.1K | doesn't fit |
| Sell dYdX live order book, 62 min ago | 17.01 bp | 234.1 bp −$234 | 234.5 bp −$2,345 | 241.9 bp −$24.2K | 262.1 bp −$131.0K |
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 | −0.3594% | 1h | 1.1661 | −0.010% | $247K | $152K | 50x | as long as short |
| Reya DOTRUSDPERP | −0.0166% | 1h | 1.1653 | −0.081% | $252 | — | — | as long as short |
| Coinbase International DOT-PERP-INTX | −0.0104% | 1h | 1.1660 | −0.019% | $170K | $2.0M | 50x | as long as short |
| gTrade (Gains Network) DOT/USD | L 0.0000% / S +0.0004% | 1h | 1.1654 | −0.070% | $3K | — | 150x | as long as short |
| dYdX DOT-USDshort | +0.0003% | 1h | 1.1654 | −0.073% | $140K | $6K | 10x | |
| Injective DOT/USDC PERP | +0.0033% | 1h | 1.2020 | +3.068% | $328 | $121K | 12x | as long as short |
| Lighter DOT | +0.0096% | 1h | 1.1656 | −0.057% | $245K | $674K | 10x | as long as short |
| Hyperliquid DOT | +0.0100% | 1h | 1.1654 | −0.070% | $5.6M | $4.6M | 10x | as long as short |
| Aster DOTUSDT | +0.0100% | 8h | 1.1654 | −0.068% | $839K | $606K | 50x | as long as short |
| Binance DOTUSDT | +0.0100% | 8h | 1.1654 | −0.068% | $42.6M | $88.8M | 75x | as long as short |
Deribit DOT_USDC-PERPETUAL
Reya DOTRUSDPERP
Coinbase International DOT-PERP-INTX
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 | 1.1651 | −0.096% | $23.7M | $20.2M | 75x | as long as short |
| OKX DOT-USDT-SWAP | +0.0100% | 8h | 1.1653 | −0.079% | $9.0M | $25.4M | 50x | as long as short |
| Gate DOT_USDT | +0.0100% | 8h | 1.1650 | −0.105% | $6.6M | $12.9M | 75x | as long as short |
| MEXC DOT_USDT | +0.0100% | 8h | 1.1654 | −0.070% | $37.1M | $62.5M | 300x | as long as short |
| KuCoin DOTUSDTM | +0.0100% | 8h | 1.1655 | −0.062% | $6.1M | $9.4M | 75x | as long as short |
| Bitget DOTUSDT | +0.0100% | 8h | 1.1653 | −0.079% | $22.4M | $14.6M | 75x | as long as short |
| BingX DOT-USDC | +0.0100% | 8h | 1.1654 | −0.070% | — | $1.3M | — | as long as short |
| Backpack DOT_USDC_PERP | +0.0100% | 1h | 1.1658 | −0.036% | $88K | $130K | 10x | as long as short |
| Variational Omni DOT | +0.0100% | 8h | 1.1646 | −0.137% | $530K | $50K | — | as long as short |
| edgeX DOTUSDC | +0.0100% | 4h | 1.1662 | −0.004% | $34K | $337K | 20x | as long as short |
| GRVT DOT_USDT_Perp | +0.0100% | 8h | 1.1650 | −0.104% | $223K | $432K | 10x | as long as short |
| Orderly PERP_DOT_USDC | +0.0100% | 8h | 1.1660 | −0.019% | $8K | $19K | 10x | as long as short |
| SunX DOT-USDT | +0.0100% | 8h | 1.1672 | +0.084% | $2K | $1.3M | 20x | as long as short |
| HTX DOT-USDT | +0.0100% | 8h | 1.1643 | −0.165% | $262K | $282K | 75x | as long as short |
| Extended DOT-USD | +0.0104% | 1h | 1.1650 | −0.105% | $14K | $272K | 25x | as long as short |
| Phemex DOTUSDT | +0.0208% | 8h | 1.1660 | −0.019% | $2.4M | $2.2M | 50x | as long as short |
| BloFin DOT-USDT | +0.0220% | 8h | 1.1656 | −0.053% | $1.9M | $896K | 75x | as long as short |
| GMX DOT/USD [WBTC.b-USDC] | L +0.0291% / S −0.0937% | 1h | 1.1655 | −0.063% | $20K | — | 100x | as long as short |
| Kraken Futures PF_DOTUSDlong | +0.0338% | 1h | 1.1662 | long leg | $4.4M | $1.5M | 50x |
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
Phemex DOTUSDT
BloFin DOT-USDT
GMX DOT/USD [WBTC.b-USDC]