Funding you earn now, next payment 00:00 UTC−0.0019%/8h= −2.1% APRpaid last 24h −0.188%
Price spread now: Deribit against Orderly+0.124%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
The price spread pays, funding is against you. Deribit is 0.124% dearer against Orderly than usual: you sell high and buy low (spread +0.124% now, against zero (this spread has no 7-day history yet)): +$12 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 22 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_DOT_USDC | 1.2090 | 0.0100 | pay 0.0100% / 8h | 58m 48s | $8K | $24K | 10x |
| Short | Deribit DOT_USDC-PERPETUAL | 1.2105 | 0.0081 | get 0.0010% / 1h | 58m 48s | $221K | $117K | 50x |
Orderly PERP_DOT_USDC
Deribit DOT_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against Orderly. 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
- −$3.99
- Price spread: +0.124% → 0.000%
- $12.41
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$4.58
- Costs to cover
- 0.130%
- Break-even
- never at this rate
Slippage unknown: Orderly: no order-book sample; Deribit: live order book, 20 min ago. Net counts fees only.
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 Orderly no order-book sample | — | — | — | — | — |
| Sell Deribit live order book, 20 min ago | 3.72 bp | 13.8 bp −$14 | 23.9 bp −$239 | doesn't fit | doesn't fit |
Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | 1.2090 | +0.003% | $262 | — | — | as long as short |
| Coinbase International DOT-PERP-INTX | −0.0056% | 1h | 1.2090 | 0.000% | $209K | $1.9M | 50x | as long as short |
| Backpack DOT_USDC_PERP | −0.0031% | 1h | 1.2096 | +0.050% | $97K | $128K | 10x | as long as short |
| OKX DOT-USDT-SWAP | −0.0009% | 8h | 1.2086 | −0.033% | $9.6M | $23.9M | 50x | as long as short |
| dYdX DOT-USD | 0.0000% | 1h | 1.2088 | −0.014% | $146K | $6K | 10x | as long as short |
| gTrade (Gains Network) DOT/USD | L 0.0000% / S +0.0004% | 1h | 1.2098 | +0.066% | $5K | — | 150x | as long as short |
| Kraken Futures PF_DOTUSD | +0.0032% | 1h | 1.2105 | +0.127% | $4.5M | $1.4M | 50x | as long as short |
| Injective DOT/USDC PERP | +0.0033% | 1h | 1.2020 | −0.579% | $328 | $121K | 12x | as long as short |
| KuCoin DOTUSDTM | +0.0045% | 8h | 1.2090 | 0.000% | $6.8M | $8.7M | 75x | as long as short |
| Deribit DOT_USDC-PERPETUALshort | +0.0081% | 1h | 1.2105 | +0.124% | $221K | $117K | 50x |
Reya DOTRUSDPERP
Coinbase International DOT-PERP-INTX
Backpack DOT_USDC_PERP
OKX DOT-USDT-SWAP
dYdX DOT-USD
gTrade (Gains Network) DOT/USD
Kraken Futures PF_DOTUSD
Injective DOT/USDC PERP
KuCoin DOTUSDTMShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter DOT | +0.0096% | 1h | 1.2098 | +0.064% | $247K | $601K | 10x | as long as short |
| Hyperliquid DOT | +0.0100% | 1h | 1.2105 | +0.124% | $5.4M | $3.3M | 10x | as long as short |
| Aster DOTUSDT | +0.0100% | 8h | 1.2093 | +0.028% | $882K | $689K | 50x | as long as short |
| Binance DOTUSDT | +0.0100% | 8h | 1.2090 | −0.003% | $44.7M | $81.7M | 75x | as long as short |
| Bybit DOTUSDT | +0.0100% | 8h | 1.2082 | −0.066% | $24.8M | $18.4M | 75x | as long as short |
| Gate DOT_USDT | +0.0100% | 8h | 1.2090 | 0.000% | $6.9M | $11.5M | 75x | as long as short |
| MEXC DOT_USDT | +0.0100% | 8h | 1.2090 | 0.000% | $29.8M | $38.2M | 300x | as long as short |
| Bitget DOTUSDT | +0.0100% | 8h | 1.2090 | 0.000% | $23.3M | $14.8M | 75x | as long as short |
| BingX DOT-USDC | +0.0100% | 8h | 1.2090 | 0.000% | — | $1.3M | — | as long as short |
| Variational Omni DOT | +0.0100% | 8h | 1.2068 | −0.183% | $550K | $61K | — | as long as short |
| edgeX DOTUSDC | +0.0100% | 4h | 1.2088 | −0.014% | $35K | $334K | 20x | as long as short |
| GRVT DOT_USDT_Perp | +0.0100% | 8h | 1.2078 | −0.099% | $234K | $457K | 10x | as long as short |
| Orderly PERP_DOT_USDClong | +0.0100% | 8h | 1.2090 | long leg | $8K | $24K | 10x | |
| SunX DOT-USDT | +0.0100% | 8h | 1.2098 | +0.066% | $2K | $1.3M | 20x | as long as short |
| HTX DOT-USDT | +0.0100% | 8h | 1.2078 | −0.099% | $249K | $219K | 75x | as long as short |
| Extended DOT-USD | +0.0104% | 1h | 1.2084 | −0.051% | $15K | $235K | 25x | as long as short |
| BloFin DOT-USDT | +0.0220% | 8h | 1.2098 | +0.066% | $2.3M | $789K | 75x | as long as short |
| Phemex DOTUSDT | +0.0299% | 8h | 1.2110 | +0.165% | $2.2M | $2.1M | 50x | as long as short |
| GMX DOT/USD [WBTC.b-USDC] | L +0.0305% / S −0.1025% | 1h | 1.2099 | +0.078% | $23K | — | 100x | as long as short |
Lighter DOT
Hyperliquid DOT
Aster DOTUSDT
Binance DOTUSDT
Bybit DOTUSDT
Gate DOT_USDT
MEXC DOT_USDT
Bitget DOTUSDT
BingX DOT-USDC
Variational Omni DOT
edgeX DOTUSDC
GRVT DOT_USDT_Perp
SunX DOT-USDT
HTX DOT-USDT
Extended DOT-USD
BloFin DOT-USDT
Phemex DOTUSDT
GMX DOT/USD [WBTC.b-USDC]