Funding you earn now, next payment 08:00 UTC+0.0117%/8h= +12.8% APRnext payment +$1.17 per $10,000 · paid last 24h +0.102%
Price spread now: Phemex against MEXC+0.093%7-day average +0.180% · you sell dearer than you buy
Net, funding: paid 7d − costs+$29as in the Funding arb table
Net, price: spread back to 7d avg − costs−$59as in the Price arb table
costs, in and out, $10k−$510.507% of the position
Funding, last 7 days+0.795%+$80 on $10k
+Price spread, last 4 days (all we have)+0.017%+$2 · spread now +0.093%, 7d avg +0.180%
=Funding pays, the price is against you. Phemex is 0.087% cheaper against MEXC than usual: you would sell low and buy high (spread +0.093% now, against its 7-day average of +0.180%). If the spread goes back, that is −$9 on $10k: about 2.5 days of funding at the current rate (+$3 a day). At the pace of the last 7 days (+0.795% in total) that is about 18 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC DOT_USDT | 1.1849 | 0.0100 | pay 0.0100% / 8h | 4h 51m | $36.0M | $51.0M | 300x |
| Short | Phemex DOTUSDT | 1.1860 | 0.0217 | get 0.0217% / 8h | 4h 51m | $2.3M | $2.2M | 50x |
MEXC DOT_USDT
Phemex DOTUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against MEXC. 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
- $24.47
- Price spread: +0.093% → +0.180%
- −$8.67
- Slippage, 4 orders
- −$38.72
- Fee MEXC: 0 bp × 2 orders
- $0
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$34.93
- Costs to cover
- 0.507%
- Break-even
- 17.0 days
Slippage from MEXC: live order book, 3 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 MEXC live order book, 3 min ago | 0.84 bp | 2.4 bp −$2 | 7.5 bp −$75 | 45.6 bp −$4,560 | 81.4 bp −$40.7K |
| Sell Phemex live order book, 2 min ago | 8.41 bp | 26.1 bp −$26 | 51.7 bp −$517 | 102.1 bp −$10.2K | 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 | −0.2276% | 1h | 1.1847 | −0.017% | $226K | $114K | 50x | as long as short |
| Coinbase International DOT-PERP-INTX | −0.0608% | 1h | 1.1880 | +0.262% | $195K | $1.9M | 50x | as long as short |
| Reya DOTRUSDPERP | −0.0166% | 1h | 1.1837 | −0.105% | $256 | — | — | as long as short |
| dYdX DOT-USD | 0.0000% | 1h | 1.1847 | −0.018% | $143K | $6K | 10x | as long as short |
| gTrade (Gains Network) DOT/USD | L 0.0000% / S +0.0004% | 1h | 1.1841 | −0.068% | $3K | — | 150x | as long as short |
| Injective DOT/USDC PERP | +0.0033% | 1h | 1.2020 | +1.443% | $328 | $121K | 12x | as long as short |
| Lighter DOT | +0.0096% | 1h | 1.1842 | −0.060% | $267K | $632K | 10x | as long as short |
| OKX DOT-USDT-SWAP | +0.0099% | 8h | 1.1848 | −0.008% | $9.4M | $24.2M | 50x | as long as short |
| Hyperliquid DOT | +0.0100% | 1h | 1.1840 | −0.076% | $5.3M | $3.4M | 10x | as long as short |
| Aster DOTUSDT | +0.0100% | 8h | 1.1851 | +0.018% | $855K | $581K | 50x | as long as short |
Deribit DOT_USDC-PERPETUAL
Coinbase International DOT-PERP-INTX
Reya DOTRUSDPERP
dYdX DOT-USD
gTrade (Gains Network) DOT/USD
Injective DOT/USDC PERP
Lighter DOT
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 | 1.1849 | +0.002% | $43.5M | $85.0M | 75x | as long as short |
| Bybit DOTUSDT | +0.0100% | 8h | 1.1847 | −0.017% | $24.4M | $18.9M | 75x | as long as short |
| Gate DOT_USDT | +0.0100% | 8h | 1.1840 | −0.076% | $6.7M | $11.7M | 75x | as long as short |
| MEXC DOT_USDTlong | +0.0100% | 8h | 1.1849 | long leg | $36.0M | $51.0M | 300x | |
| KuCoin DOTUSDTM | +0.0100% | 8h | 1.1851 | +0.017% | $6.5M | $9.1M | 75x | as long as short |
| Bitget DOTUSDT | +0.0100% | 8h | 1.1845 | −0.034% | $22.6M | $14.8M | 75x | as long as short |
| BingX DOT-USDC | +0.0100% | 8h | 1.1850 | +0.008% | — | $1.3M | — | as long as short |
| Backpack DOT_USDC_PERP | +0.0100% | 1h | 1.1839 | −0.084% | $92K | $129K | 10x | as long as short |
| Variational Omni DOT | +0.0100% | 8h | 1.1834 | −0.123% | $539K | $58K | — | as long as short |
| edgeX DOTUSDC | +0.0100% | 4h | 1.1867 | +0.152% | $35K | $334K | 20x | as long as short |
| GRVT DOT_USDT_Perp | +0.0100% | 8h | 1.1868 | +0.160% | $226K | $407K | 10x | as long as short |
| Orderly PERP_DOT_USDC | +0.0100% | 8h | 1.1840 | −0.076% | $8K | $24K | 10x | as long as short |
| SunX DOT-USDT | +0.0100% | 8h | 1.1859 | +0.084% | $2K | $1.3M | 20x | as long as short |
| HTX DOT-USDT | +0.0100% | 8h | 1.1848 | −0.008% | $258K | $242K | 75x | as long as short |
| Extended DOT-USD | +0.0104% | 1h | 1.1845 | −0.033% | $14K | $303K | 25x | as long as short |
| Kraken Futures PF_DOTUSD | +0.0214% | 1h | 1.1844 | −0.043% | $4.4M | $1.5M | 50x | as long as short |
| Phemex DOTUSDTshort | +0.0217% | 8h | 1.1860 | +0.093% | $2.3M | $2.2M | 50x | |
| BloFin DOT-USDT | +0.0220% | 8h | 1.1837 | −0.101% | $2.2M | $877K | 75x | as long as short |
| GMX DOT/USD [WBTC.b-USDC] | L +0.0301% / S −0.1012% | 1h | 1.1842 | −0.057% | $22K | — | 100x | as long as short |
Binance DOTUSDT
Bybit DOTUSDT
Gate 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
Kraken Futures PF_DOTUSD
BloFin DOT-USDT
GMX DOT/USD [WBTC.b-USDC]