Funding you earn now, next payment 23:00 UTC+0.0210%/8h= +23.0% APRpaid last 24h +0.118%
Price spread now: Phemex against Lighter+0.187%7-day average +0.169% · you sell dearer than you buy
Net, funding: paid 7d − costs+$13as in the Funding arb table
Net, price: spread back to 7d avg − costs−$53as in the Price arb table
costs, in and out, $10k−$540.544% of the position
Funding, last 7 days+0.670%+$67 on $10k
+Price spread, last 3 days (all we have)−0.139%−$14 · spread now +0.187%, 7d avg +0.169%
=Together, before fees+0.531%+ Points / potential airdropLighter: Season 3 · farm board+$53 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.169%, so right now this pair is about funding alone: +$6 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter DOT | 1.2077 | 0.0096 | pay 0.0012% / 1h | 11m 57s | $246K | $602K | 10x |
| Short | Phemex DOTUSDT | 1.2100 | 0.0306 | get 0.0306% / 8h | 1h 11m | $2.2M | $2.1M | 50x |
Lighter DOT
Phemex DOTUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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
- $44.03
- Price spread: +0.187% → +0.169%
- $1.86
- Slippage, 4 orders
- −$42.4
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$8.51
- Costs to cover
- 0.544%
- Break-even
- 8.4 days
Slippage from Lighter: live order book, 64 min ago; Phemex: 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 Lighter live order book, 64 min ago | 2.80 bp | 6.4 bp −$6 | 20.4 bp −$204 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 2 min ago | 4.14 bp | 23.8 bp −$24 | 51.3 bp −$513 | 104.7 bp −$10.5K | 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 | |
|---|---|---|---|---|---|---|---|---|
| Reya DOTRUSDPERP | −0.0166% | 1h | 1.2073 | −0.040% | $261 | — | — | as long as short |
| Coinbase International DOT-PERP-INTX | −0.0128% | 1h | 1.2080 | +0.022% | $198K | $1.8M | 50x | as long as short |
| Kraken Futures PF_DOTUSD | −0.0053% | 1h | 1.2084 | +0.054% | $4.5M | $1.4M | 50x | as long as short |
| Injective DOT/USDC PERP | −0.0040% | 1h | 1.2020 | −0.475% | $328 | $121K | 12x | as long as short |
| OKX DOT-USDT-SWAP | −0.0011% | 8h | 1.2093 | +0.129% | $9.6M | $23.9M | 50x | as long as short |
| dYdX DOT-USD | 0.0000% | 1h | 1.2078 | +0.003% | $145K | $6K | 10x | as long as short |
| Deribit DOT_USDC-PERPETUAL | 0.0000% | 1h | 1.2088 | +0.088% | $221K | $117K | 50x | as long as short |
| gTrade (Gains Network) DOT/USD | L 0.0000% / S +0.0004% | 1h | 1.2080 | +0.019% | $5K | — | 150x | as long as short |
| KuCoin DOTUSDTM | +0.0038% | 8h | 1.2099 | +0.179% | $6.8M | $8.7M | 75x | as long as short |
| Lighter DOTlong | +0.0096% | 1h | 1.2077 | long leg | $246K | $602K | 10x |
Reya DOTRUSDPERP
Coinbase International DOT-PERP-INTX
Kraken Futures PF_DOTUSD
Injective DOT/USDC PERP
OKX DOT-USDT-SWAP
dYdX DOT-USD
Deribit DOT_USDC-PERPETUAL
gTrade (Gains Network) DOT/USD
KuCoin DOTUSDTMShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid DOT | +0.0100% | 1h | 1.2098 | +0.166% | $5.3M | $3.3M | 10x | as long as short |
| Aster DOTUSDT | +0.0100% | 8h | 1.2091 | +0.109% | $878K | $683K | 50x | as long as short |
| Binance DOTUSDT | +0.0100% | 8h | 1.2093 | +0.127% | $44.7M | $81.5M | 75x | as long as short |
| Bybit DOTUSDT | +0.0100% | 8h | 1.2090 | +0.104% | $24.8M | $18.3M | 75x | as long as short |
| Gate DOT_USDT | +0.0100% | 8h | 1.2100 | +0.187% | $6.9M | $11.6M | 75x | as long as short |
| MEXC DOT_USDT | +0.0100% | 8h | 1.2093 | +0.129% | $29.0M | $37.9M | 300x | as long as short |
| Bitget DOTUSDT | +0.0100% | 8h | 1.2094 | +0.137% | $23.3M | $14.5M | 75x | as long as short |
| BingX DOT-USDT | +0.0100% | 8h | 1.2093 | +0.129% | — | $28.5M | — | as long as short |
| Backpack DOT_USDC_PERP | +0.0100% | 1h | 1.2086 | +0.071% | $96K | $129K | 10x | as long as short |
| Variational Omni DOT | +0.0100% | 8h | 1.2042 | −0.293% | $548K | $63K | — | as long as short |
| edgeX DOTUSDC | +0.0100% | 4h | 1.2055 | −0.185% | $35K | $334K | 20x | as long as short |
| GRVT DOT_USDT_Perp | +0.0100% | 8h | 1.2060 | −0.144% | $233K | $456K | 10x | as long as short |
| Orderly PERP_DOT_USDC | +0.0100% | 8h | 1.2070 | −0.061% | $8K | $24K | 10x | as long as short |
| SunX DOT-USDT | +0.0100% | 8h | 1.2092 | +0.121% | $2K | $1.3M | 20x | as long as short |
| HTX DOT-USDT | +0.0100% | 8h | 1.2092 | +0.121% | $249K | $219K | 75x | as long as short |
| Extended DOT-USD | +0.0104% | 1h | 1.2092 | +0.123% | $15K | $235K | 25x | as long as short |
| BloFin DOT-USDT | +0.0220% | 8h | 1.2046 | −0.260% | $2.3M | $778K | 75x | as long as short |
| GMX DOT/USD [WBTC.b-USDC] | L +0.0305% / S −0.1025% | 1h | 1.2080 | +0.026% | $23K | — | 100x | as long as short |
| Phemex DOTUSDTshort | +0.0306% | 8h | 1.2100 | +0.187% | $2.2M | $2.1M | 50x |
Hyperliquid DOT
Aster DOTUSDT
Binance DOTUSDT
Bybit DOTUSDT
Gate DOT_USDT
MEXC DOT_USDT
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
BloFin DOT-USDT
GMX DOT/USD [WBTC.b-USDC]