Funding you earn now, next payment 08:00 UTC+0.0373%/8h= +40.8% APRnext payment +$3.73 per $10,000 · paid last 24h +0.103%
Price spread now: Phemex against KuCoin+0.108%7-day average +0.180% · you sell dearer than you buy
Net, funding: paid 7d − costs−$7as in the Funding arb table
Net, price: spread back to 7d avg − costs−$87as in the Price arb table
costs, in and out, $10k−$800.796% of the position
Funding, last 7 days+0.726%+$73 on $10k
+Price spread, last 3 days (all we have)+0.052%+$5 · spread now +0.108%, 7d avg +0.180%
=Funding pays, the price is against you. Phemex is 0.072% cheaper against KuCoin than usual: you would sell low and buy high (spread +0.108% now, against its 7-day average of +0.180%). If the spread goes back, that is −$7 on $10k: about 15 hours of funding at the current rate (+$11 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin DOTUSDTM | 1.2067 | 0.0085 | pay 0.0085% / 8h | 6h 24m | $6.5M | $9.2M | 75x |
| Short | Phemex DOTUSDT | 1.2080 | 0.0458 | get 0.0458% / 8h | 6h 24m | $2.3M | $2.2M | 50x |
KuCoin DOTUSDTM
Phemex DOTUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against KuCoin. 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
- $78.33
- Price spread: +0.108% → +0.180%
- −$7.19
- Slippage, 4 orders
- −$55.63
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$8.48
- Costs to cover
- 0.796%
- Break-even
- 7.8 days
Slippage from KuCoin: live order book, 9 min ago; Phemex: live order book, 4 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 KuCoin live order book, 9 min ago | 2.09 bp | 20.6 bp −$21 | 38.7 bp −$387 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 4 min ago | 4.15 bp | 21.4 bp −$21 | 53.1 bp −$531 | 104.3 bp −$10.4K | doesn't fit |
DOT on 28 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 | −0.0742% | 1h | 1.2081 | +0.116% | $221K | $116K | 50x | as long as short |
| Reya DOTRUSDPERP | −0.0166% | 1h | 1.2068 | +0.005% | $261 | — | — | as long as short |
| Coinbase International DOT-PERP-INTX | −0.0024% | 1h | 1.2050 | −0.141% | $198K | $1.9M | 50x | as long as short |
| dYdX DOT-USD | 0.0000% | 1h | 1.2069 | +0.017% | $145K | $6K | 10x | as long as short |
| gTrade (Gains Network) DOT/USD | L 0.0000% / S +0.0004% | 1h | 1.2076 | +0.075% | $3K | — | 150x | as long as short |
| Injective DOT/USDC PERP | +0.0033% | 1h | 1.2020 | −0.389% | $328 | $121K | 12x | as long as short |
| OKX DOT-USDT-SWAP | +0.0048% | 8h | 1.2050 | −0.141% | $9.5M | $24.4M | 50x | as long as short |
| KuCoin DOTUSDTMlong | +0.0085% | 8h | 1.2067 | long leg | $6.5M | $9.2M | 75x | |
| Lighter DOT | +0.0096% | 1h | 1.2074 | +0.059% | $272K | $630K | 10x | as long as short |
| Hyperliquid DOT | +0.0100% | 1h | 1.2075 | +0.066% | $5.4M | $3.4M | 10x | as long as short |
Deribit DOT_USDC-PERPETUAL
Reya DOTRUSDPERP
Coinbase International DOT-PERP-INTX
dYdX DOT-USD
gTrade (Gains Network) DOT/USD
Injective DOT/USDC PERP
OKX DOT-USDT-SWAP
Lighter DOT
Hyperliquid DOTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster DOTUSDT | +0.0100% | 8h | 1.2066 | −0.011% | $873K | $704K | 50x | as long as short |
| Binance DOTUSDT | +0.0100% | 8h | 1.2048 | −0.157% | $44.6M | $84.9M | 75x | as long as short |
| Bybit DOTUSDT | +0.0100% | 8h | 1.2048 | −0.157% | $24.8M | $19.1M | 75x | as long as short |
| Gate DOT_USDT | +0.0100% | 8h | 1.2060 | −0.058% | $6.8M | $11.7M | 75x | as long as short |
| MEXC DOT_USDT | +0.0100% | 8h | 1.2056 | −0.091% | $35.6M | $46.6M | 300x | as long as short |
| Bitget DOTUSDT | +0.0100% | 8h | 1.2052 | −0.124% | $23.0M | $14.8M | 75x | as long as short |
| BingX DOT-USDC | +0.0100% | 8h | 1.2061 | −0.050% | — | $1.3M | — | as long as short |
| Backpack DOT_USDC_PERP | +0.0100% | 1h | 1.2069 | +0.017% | $96K | $127K | 10x | as long as short |
| Variational Omni DOT | +0.0100% | 8h | 1.2052 | −0.128% | $548K | $59K | — | as long as short |
| edgeX DOTUSDC | +0.0100% | 4h | 1.2037 | −0.247% | $35K | $333K | 20x | as long as short |
| GRVT DOT_USDT_Perp | +0.0100% | 8h | 1.2040 | −0.224% | $231K | $432K | 10x | as long as short |
| Orderly PERP_DOT_USDC | +0.0100% | 8h | 1.2070 | +0.025% | $8K | $23K | 10x | as long as short |
| SunX DOT-USDT | +0.0100% | 8h | 1.2094 | +0.224% | $2K | $1.3M | 20x | as long as short |
| HTX DOT-USDT | +0.0100% | 8h | 1.2038 | −0.240% | $250K | $224K | 75x | as long as short |
| Extended DOT-USD | +0.0104% | 1h | 1.2048 | −0.155% | $14K | $299K | 25x | as long as short |
| Kraken Futures PF_DOTUSD | +0.0194% | 1h | 1.2079 | +0.103% | $4.5M | $1.5M | 50x | as long as short |
| GMX DOT/USD [WBTC.b-USDC] | L +0.0304% / S −0.1012% | 1h | 1.2074 | +0.056% | $22K | — | 100x | as long as short |
| Phemex DOTUSDTshort | +0.0458% | 8h | 1.2080 | +0.108% | $2.3M | $2.2M | 50x |
Aster DOTUSDT
Binance DOTUSDT
Bybit DOTUSDT
Gate DOT_USDT
MEXC DOT_USDT
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
Kraken Futures PF_DOTUSD
GMX DOT/USD [WBTC.b-USDC]