Funding you earn now, next payment 00:00 UTC+0.0375%/8h= +41.0% APRnext payment +$3.75 per $10,000 · paid last 24h +0.160%
Price spread now: Phemex against OKX+0.201%7-day average +0.201% · you sell dearer than you buy
Net, funding: paid 7d − costs+$16as in the Funding arb table
Net, price: spread back to 7d avg − costs−$65as in the Price arb table
costs, in and out, $10k−$660.655% of the position
Funding, last 7 days+0.819%+$82 on $10k
+Price spread, last 3 days (all we have)−0.073%−$7 · spread now +0.201%, 7d avg +0.201%
=The price spread sits at its 7-day average of +0.201%, so right now this pair is about funding alone: +$11 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX DOT-USDT-SWAP | 1.1926 | −0.0029 | get 0.0029% / 8h | 1h 52m | $9.4M | $23.4M | 50x |
| Short | Phemex DOTUSDT | 1.1950 | 0.0345 | get 0.0345% / 8h | 1h 52m | $2.2M | $2.1M | 50x |
OKX DOT-USDT-SWAP
Phemex DOTUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against OKX. 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
- $78.66
- Price spread: +0.201% → +0.201%
- $0.03
- Slippage, 4 orders
- −$43.53
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- $13.16
- Costs to cover
- 0.655%
- Break-even
- 5.8 days
Slippage from OKX: live order book, 1 min ago; Phemex: live order book, 6 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 OKX live order book, 1 min ago | 0.42 bp | 12.2 bp −$12 | 29.6 bp −$296 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 6 min ago | 4.20 bp | 17.8 bp −$18 | 54.4 bp −$544 | 123.3 bp −$12.3K | 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 | −0.0838% | 1h | 1.1940 | +0.117% | $218K | $117K | 50x | as long as short |
| Reya DOTRUSDPERP | −0.0166% | 1h | 1.1924 | −0.014% | $258 | — | — | as long as short |
| Coinbase International DOT-PERP-INTX | −0.0128% | 1h | 1.1940 | +0.117% | $184K | $1.8M | 50x | as long as short |
| Kraken Futures PF_DOTUSD | −0.0054% | 1h | 1.1939 | +0.106% | $4.5M | $1.3M | 50x | as long as short |
| Injective DOT/USDC PERP | −0.0040% | 1h | 1.2020 | +0.788% | $328 | $121K | 12x | as long as short |
| OKX DOT-USDT-SWAPlong | −0.0029% | 8h | 1.1926 | long leg | $9.4M | $23.4M | 50x | |
| dYdX DOT-USD | 0.0000% | 1h | 1.1930 | +0.034% | $144K | $6K | 10x | as long as short |
| gTrade (Gains Network) DOT/USD | L 0.0000% / S +0.0004% | 1h | 1.1935 | +0.077% | $5K | — | 150x | as long as short |
| KuCoin DOTUSDTM | +0.0018% | 8h | 1.1929 | +0.025% | $6.8M | $8.7M | 75x | as long as short |
| MEXC DOT_USDT | +0.0054% | 8h | 1.1926 | 0.000% | $36.1M | $35.8M | 300x | as long as short |
Deribit DOT_USDC-PERPETUAL
Reya DOTRUSDPERP
Coinbase International DOT-PERP-INTX
Kraken Futures PF_DOTUSD
Injective DOT/USDC PERP
dYdX DOT-USD
gTrade (Gains Network) DOT/USD
KuCoin DOTUSDTM
MEXC DOT_USDTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended DOT-USD | +0.0056% | 1h | 1.1920 | −0.054% | $15K | $235K | 25x | as long as short |
| Binance DOTUSDT | +0.0057% | 8h | 1.1929 | +0.025% | $43.9M | $80.7M | 75x | as long as short |
| Lighter DOT | +0.0096% | 1h | 1.1931 | +0.045% | $250K | $593K | 10x | as long as short |
| Hyperliquid DOT | +0.0100% | 1h | 1.1937 | +0.092% | $5.3M | $3.2M | 10x | as long as short |
| Aster DOTUSDT | +0.0100% | 8h | 1.1939 | +0.111% | $887K | $649K | 50x | as long as short |
| Bybit DOTUSDT | +0.0100% | 8h | 1.1926 | 0.000% | $24.4M | $17.9M | 75x | as long as short |
| Gate DOT_USDT | +0.0100% | 8h | 1.1930 | +0.034% | $6.8M | $11.4M | 75x | as long as short |
| Bitget DOTUSDT | +0.0100% | 8h | 1.1930 | +0.034% | $22.8M | $14.0M | 75x | as long as short |
| BingX DOT-USDC | +0.0100% | 8h | 1.1926 | 0.000% | — | $1.3M | — | as long as short |
| Backpack DOT_USDC_PERP | +0.0100% | 1h | 1.1925 | −0.008% | $99K | $127K | 10x | as long as short |
| Variational Omni DOT | +0.0100% | 8h | 1.1951 | +0.214% | $543K | $69K | — | as long as short |
| edgeX DOTUSDC | +0.0100% | 4h | 1.1975 | +0.409% | $35K | $332K | 20x | as long as short |
| GRVT DOT_USDT_Perp | +0.0100% | 8h | 1.1970 | +0.369% | $232K | $456K | 10x | as long as short |
| Orderly PERP_DOT_USDC | +0.0100% | 8h | 1.1930 | +0.034% | $8K | $24K | 10x | as long as short |
| SunX DOT-USDT | +0.0100% | 8h | 1.1949 | +0.193% | $1K | $1.2M | 20x | as long as short |
| HTX DOT-USDT | +0.0100% | 8h | 1.1976 | +0.419% | $247K | $219K | 75x | as long as short |
| BloFin DOT-USDT | +0.0177% | 8h | 1.1935 | +0.075% | $2.2M | $761K | 75x | as long as short |
| GMX DOT/USD [WBTC.b-USDC] | L +0.0303% / S −0.1025% | 1h | 1.1933 | +0.059% | $22K | — | 100x | as long as short |
| Phemex DOTUSDTshort | +0.0345% | 8h | 1.1950 | +0.201% | $2.2M | $2.1M | 50x |
Extended DOT-USD
Binance DOTUSDT
Lighter DOT
Hyperliquid DOT
Aster DOTUSDT
Bybit DOTUSDT
Gate 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
BloFin DOT-USDT
GMX DOT/USD [WBTC.b-USDC]