Funding you earn now, next payment 02:00 UTC−0.0472%/8h= −51.7% APRnext payment −$0.59 per $10,000 · paid last 24h −0.084%
Price spread now: Coinbase International against Lighter−0.255%7-day average +0.007% · you buy dearer than you sell
Net, funding: paid 7d − costs−$85as in the Funding arb table
Net, price: spread back to 7d avg − costs−$80as in the Price arb table
costs, in and out, $10k−$530.535% of the position
Funding, last 7 days−0.311%−$31 on $10k
+Price spread, last 4 days (all we have)−0.085%−$9 · spread now −0.255%, 7d avg +0.007%
=Together, before fees−0.396%+ Points / potential airdropLighter: Season 3 · farm board−$40 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$14 a day on $10k at the current rate, and Coinbase International is 0.262% cheaper against Lighter than usual: you would sell low and buy high (−$26 if the spread goes back to its 7-day average of +0.007%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.311% in total (about -16.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.59 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 | Lighter DOT | 1.1950 | 0.0096 | pay 0.0012% / 1h | 43m 32s | $271K | $630K | 10x |
| Short | Coinbase International DOT-PERP-INTX | 1.1920 | −0.0376 | pay 0.0047% / 1h | 43m 32s | $196K | $2.0M | 50x |
Lighter DOT
Coinbase International DOT-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against Lighter. 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
- −$99.12
- Price spread: −0.255% → +0.007%
- −$26.19
- Slippage, 4 orders
- −$43.49
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$178.8
- Costs to cover
- 0.535%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 12 min ago; Coinbase International: live order book, 5 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 Lighter live order book, 12 min ago | 2.05 bp | 5.1 bp −$5 | 11.9 bp −$119 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 5 min ago | 4.20 bp | 17.2 bp −$17 | 22.2 bp −$222 | 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 | −0.2007% | 1h | 1.1936 | −0.121% | $227K | $116K | 50x | as long as short |
| Coinbase International DOT-PERP-INTXshort | −0.0376% | 1h | 1.1920 | −0.255% | $196K | $2.0M | 50x | |
| Reya DOTRUSDPERP | −0.0166% | 1h | 1.1956 | +0.048% | $259 | — | — | as long as short |
| dYdX DOT-USD | 0.0000% | 1h | 1.1944 | −0.056% | $144K | $6K | 10x | as long as short |
| gTrade (Gains Network) DOT/USD | L 0.0000% / S +0.0004% | 1h | 1.1923 | −0.230% | $3K | — | 150x | as long as short |
| Injective DOT/USDC PERP | +0.0033% | 1h | 1.2020 | +0.582% | $328 | $121K | 12x | as long as short |
| OKX DOT-USDT-SWAP | +0.0079% | 8h | 1.1950 | −0.004% | $9.3M | $24.2M | 50x | as long as short |
| Lighter DOTlong | +0.0096% | 1h | 1.1950 | long leg | $271K | $630K | 10x | |
| Hyperliquid DOT | +0.0100% | 1h | 1.1945 | −0.046% | $5.4M | $3.5M | 10x | as long as short |
| Aster DOTUSDT | +0.0100% | 8h | 1.1940 | −0.088% | $864K | $705K | 50x | as long as short |
Deribit DOT_USDC-PERPETUAL
Reya DOTRUSDPERP
dYdX DOT-USD
gTrade (Gains Network) DOT/USD
Injective DOT/USDC PERP
OKX DOT-USDT-SWAP
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 | 1.1949 | −0.010% | $44.1M | $84.8M | 75x | as long as short |
| Bybit DOTUSDT | +0.0100% | 8h | 1.1950 | −0.004% | $24.5M | $18.9M | 75x | as long as short |
| Gate DOT_USDT | +0.0100% | 8h | 1.1950 | −0.004% | $6.8M | $11.7M | 75x | as long as short |
| MEXC DOT_USDT | +0.0100% | 8h | 1.1950 | −0.004% | $29.6M | $48.3M | 300x | as long as short |
| KuCoin DOTUSDTM | +0.0100% | 8h | 1.1952 | +0.013% | $6.4M | $9.2M | 75x | as long as short |
| Bitget DOTUSDT | +0.0100% | 8h | 1.1960 | +0.079% | $22.8M | $14.7M | 75x | as long as short |
| BingX DOT-USDC | +0.0100% | 8h | 1.1953 | +0.021% | — | $1.3M | — | as long as short |
| Backpack DOT_USDC_PERP | +0.0100% | 1h | 1.1928 | −0.188% | $93K | $126K | 10x | as long as short |
| Variational Omni DOT | +0.0100% | 8h | 1.1920 | −0.256% | $541K | $58K | — | as long as short |
| edgeX DOTUSDC | +0.0100% | 4h | 1.1925 | −0.210% | $35K | $336K | 20x | as long as short |
| GRVT DOT_USDT_Perp | +0.0100% | 8h | 1.1901 | −0.414% | $231K | $431K | 10x | as long as short |
| Orderly PERP_DOT_USDC | +0.0100% | 8h | 1.1930 | −0.172% | $8K | $23K | 10x | as long as short |
| SunX DOT-USDT | +0.0100% | 8h | 1.1939 | −0.096% | $2K | $1.3M | 20x | as long as short |
| HTX DOT-USDT | +0.0100% | 8h | 1.1909 | −0.347% | $259K | $241K | 75x | as long as short |
| Extended DOT-USD | +0.0104% | 1h | 1.1948 | −0.022% | $17K | $303K | 25x | as long as short |
| BloFin DOT-USDT | +0.0220% | 8h | 1.1937 | −0.113% | — | $856K | 75x | as long as short |
| GMX DOT/USD [WBTC.b-USDC] | L +0.0302% / S −0.1012% | 1h | 1.1921 | −0.247% | $22K | — | 100x | as long as short |
| Phemex DOTUSDT | +0.0306% | 8h | 1.1940 | −0.088% | $2.3M | $2.2M | 50x | as long as short |
| Kraken Futures PF_DOTUSD | +0.0411% | 1h | 1.1936 | −0.118% | $4.5M | $1.5M | 50x | as long as short |
Binance DOTUSDT
Bybit DOTUSDT
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
BloFin DOT-USDT
GMX DOT/USD [WBTC.b-USDC]
Phemex DOTUSDT
Kraken Futures PF_DOTUSD