Funding you earn now, next payment 00:00 UTC+0.0209%/8h= +22.9% APRnext payment +$2.09 per $10,000 · paid last 24h +0.116%
Price spread now: Phemex against Orderly+0.165%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
Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Phemex is 0.165% dearer against Orderly than usual: you sell high and buy low: +$17 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_DOT_USDC | 1.2110 | 0.0100 | pay 0.0100% / 8h | 29m 52s | $8K | $23K | 10x |
| Short | Phemex DOTUSDT | 1.2130 | 0.0309 | get 0.0309% / 8h | 29m 52s | $2.3M | $2.1M | 50x |
Orderly PERP_DOT_USDC
Phemex DOTUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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
- $43.97
- Price spread: +0.165% → 0.000%
- $16.52
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- $42.49
- Costs to cover
- 0.180%
- Break-even
- 0.2 days
Slippage unknown: Orderly: no order-book sample; Phemex: live order book, 4 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 Phemex live order book, 4 min ago | 4.11 bp | 26.3 bp −$26 | 59.9 bp −$599 | 117.2 bp −$11.7K | 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit DOT_USDC-PERPETUAL | −0.1068% | 1h | 1.2125 | +0.124% | $222K | $117K | 50x | as long as short |
| Reya DOTRUSDPERP | −0.0166% | 1h | 1.2112 | +0.013% | $262 | — | — | as long as short |
| Coinbase International DOT-PERP-INTX | −0.0056% | 1h | 1.2130 | +0.165% | $208K | $1.8M | 50x | as long as short |
| dYdX DOT-USD | 0.0000% | 1h | 1.2108 | −0.015% | $146K | $6K | 10x | as long as short |
| gTrade (Gains Network) DOT/USD | L 0.0000% / S +0.0004% | 1h | 1.2119 | +0.073% | $5K | — | 150x | as long as short |
| OKX DOT-USDT-SWAP | +0.0013% | 8h | 1.2123 | +0.107% | $9.6M | $24.3M | 50x | as long as short |
| Kraken Futures PF_DOTUSD | +0.0032% | 1h | 1.2122 | +0.097% | $4.5M | $1.4M | 50x | as long as short |
| Injective DOT/USDC PERP | +0.0033% | 1h | 1.2020 | −0.743% | $328 | $121K | 12x | as long as short |
| KuCoin DOTUSDTM | +0.0052% | 8h | 1.2122 | +0.099% | $6.8M | $8.8M | 75x | as long as short |
| Lighter DOT | +0.0096% | 1h | 1.2114 | +0.034% | $247K | $605K | 10x | as long as short |
Deribit DOT_USDC-PERPETUAL
Reya DOTRUSDPERP
Coinbase International DOT-PERP-INTX
dYdX DOT-USD
gTrade (Gains Network) DOT/USD
OKX DOT-USDT-SWAP
Kraken Futures PF_DOTUSD
Injective DOT/USDC PERP
KuCoin DOTUSDTM
Lighter DOTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid DOT | +0.0100% | 1h | 1.2116 | +0.050% | $5.4M | $3.4M | 10x | as long as short |
| Aster DOTUSDT | +0.0100% | 8h | 1.2122 | +0.103% | $883K | $691K | 50x | as long as short |
| Binance DOTUSDT | +0.0100% | 8h | 1.2124 | +0.116% | $44.9M | $82.7M | 75x | as long as short |
| Bybit DOTUSDT | +0.0100% | 8h | 1.2119 | +0.074% | $25.0M | $18.6M | 75x | as long as short |
| Gate DOT_USDT | +0.0100% | 8h | 1.2120 | +0.083% | $6.8M | $11.8M | 75x | as long as short |
| MEXC DOT_USDT | +0.0100% | 8h | 1.2118 | +0.066% | $31.9M | $39.9M | 300x | as long as short |
| Bitget DOTUSDT | +0.0100% | 8h | 1.2121 | +0.091% | $23.2M | $14.7M | 75x | as long as short |
| BingX DOT-USDT | +0.0100% | 8h | 1.2123 | +0.107% | — | $28.6M | — | as long as short |
| Backpack DOT_USDC_PERP | +0.0100% | 1h | 1.2115 | +0.041% | $97K | $131K | 10x | as long as short |
| Variational Omni DOT | +0.0100% | 8h | 1.2089 | −0.177% | $551K | $61K | — | as long as short |
| edgeX DOTUSDC | +0.0100% | 4h | 1.2120 | +0.081% | $35K | $334K | 20x | as long as short |
| GRVT DOT_USDT_Perp | +0.0100% | 8h | 1.2127 | +0.139% | $235K | $457K | 10x | as long as short |
| Orderly PERP_DOT_USDClong | +0.0100% | 8h | 1.2110 | long leg | $8K | $23K | 10x | |
| SunX DOT-USDT | +0.0100% | 8h | 1.2130 | +0.165% | $1K | $1.3M | 20x | as long as short |
| HTX DOT-USDT | +0.0100% | 8h | 1.2123 | +0.107% | $250K | $220K | 75x | as long as short |
| Extended DOT-USD | +0.0104% | 1h | 1.2113 | +0.025% | $15K | $235K | 25x | as long as short |
| BloFin DOT-USDT | +0.0220% | 8h | 1.2100 | −0.083% | $2.3M | $788K | 75x | as long as short |
| GMX DOT/USD [WBTC.b-USDC] | L +0.0303% / S −0.1012% | 1h | 1.2119 | +0.076% | $23K | — | 100x | as long as short |
| Phemex DOTUSDTshort | +0.0309% | 8h | 1.2130 | +0.165% | $2.3M | $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
SunX DOT-USDT
HTX DOT-USDT
Extended DOT-USD
BloFin DOT-USDT
GMX DOT/USD [WBTC.b-USDC]