Funding you earn now, next payment 08:00 UTC−0.0040%/8h= −4.4% APRnext payment −$0.40 per $10,000 · paid last 24h −0.095%
Price spread now: Aster against Phemex−0.268%7-day average −0.178% · you buy dearer than you sell
Net, funding: paid 7d − costs−$140as in the Funding arb table
Net, price: spread back to 7d avg − costs−$76as in the Price arb table
costs, in and out, $10k−$670.666% of the position
Funding, last 7 days−0.731%−$73 on $10k
+Price spread, last 4 days (all we have)+0.088%+$9 · spread now −0.268%, 7d avg −0.178%
=Together, before fees−0.643%+ Points / potential airdropAster: Stage 5 · farm board−$64 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Aster is 0.090% cheaper against Phemex than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of −0.178%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex DOTUSDT | 1.1780 | 0.0140 | pay 0.0140% / 8h | 2h 00m | $2.4M | $2.2M | 50x |
| Short | Aster DOTUSDT | 1.1748 | 0.0100 | get 0.0100% / 8h | 2h 00m | $841K | $604K | 50x |
Phemex DOTUSDT
Aster DOTUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aster against Phemex. 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
- −$8.48
- Price spread: −0.268% → −0.178%
- −$9
- Slippage, 4 orders
- −$46.63
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- −$84.11
- Costs to cover
- 0.666%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 3 min ago; Aster: live order book, 47 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 Phemex live order book, 3 min ago | 4.24 bp | 25.2 bp −$25 | 55.5 bp −$555 | 112.6 bp −$11.3K | doesn't fit |
| Sell Aster live order book, 47 min ago | 4.25 bp | 12.5 bp −$13 | 62.8 bp −$628 | doesn't fit | 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 | −0.3393% | 1h | 1.1761 | −0.161% | $244K | $143K | 50x | as long as short |
| Coinbase International DOT-PERP-INTX | −0.0864% | 1h | 1.1760 | −0.170% | $171K | $2.0M | 50x | as long as short |
| Reya DOTRUSDPERP | −0.0166% | 1h | 1.1749 | −0.263% | $254 | — | — | as long as short |
| dYdX DOT-USD | 0.0000% | 1h | 1.1748 | −0.272% | $141K | $6K | 10x | as long as short |
| gTrade (Gains Network) DOT/USD | L 0.0000% / S +0.0004% | 1h | 1.1754 | −0.218% | $3K | — | 150x | as long as short |
| Injective DOT/USDC PERP | +0.0033% | 1h | 1.2020 | +2.037% | $328 | $121K | 12x | as long as short |
| Kraken Futures PF_DOTUSD | +0.0091% | 1h | 1.1761 | −0.160% | $4.4M | $1.4M | 50x | as long as short |
| Lighter DOT | +0.0096% | 1h | 1.1744 | −0.309% | $248K | $675K | 10x | as long as short |
| Hyperliquid DOT | +0.0100% | 1h | 1.1745 | −0.297% | $5.4M | $4.4M | 10x | as long as short |
| Aster DOTUSDTshort | +0.0100% | 8h | 1.1748 | −0.268% | $841K | $604K | 50x |
Deribit DOT_USDC-PERPETUAL
Coinbase International DOT-PERP-INTX
Reya DOTRUSDPERP
dYdX DOT-USD
gTrade (Gains Network) DOT/USD
Injective DOT/USDC PERP
Kraken Futures PF_DOTUSD
Lighter DOT
Hyperliquid DOTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance DOTUSDT | +0.0100% | 8h | 1.1745 | −0.295% | $42.8M | $88.5M | 75x | as long as short |
| Bybit DOTUSDT | +0.0100% | 8h | 1.1741 | −0.331% | $23.7M | $20.1M | 75x | as long as short |
| OKX DOT-USDT-SWAP | +0.0100% | 8h | 1.1741 | −0.331% | $9.1M | $25.8M | 50x | as long as short |
| Gate DOT_USDT | +0.0100% | 8h | 1.1740 | −0.340% | $6.7M | $12.9M | 75x | as long as short |
| MEXC DOT_USDT | +0.0100% | 8h | 1.1742 | −0.323% | $31.1M | $59.7M | 300x | as long as short |
| KuCoin DOTUSDTM | +0.0100% | 8h | 1.1746 | −0.289% | $6.2M | $9.4M | 75x | as long as short |
| Bitget DOTUSDT | +0.0100% | 8h | 1.1740 | −0.340% | $22.5M | $15.0M | 75x | as long as short |
| BingX DOT-USDT | +0.0100% | 8h | 1.1743 | −0.314% | — | $29.8M | — | as long as short |
| Backpack DOT_USDC_PERP | +0.0100% | 1h | 1.1751 | −0.246% | $91K | $131K | 10x | as long as short |
| Variational Omni DOT | +0.0100% | 8h | 1.1749 | −0.260% | $535K | $51K | — | as long as short |
| edgeX DOTUSDC | +0.0100% | 4h | 1.1767 | −0.112% | $35K | $337K | 20x | as long as short |
| GRVT DOT_USDT_Perp | +0.0100% | 8h | 1.1764 | −0.133% | $233K | $433K | 10x | as long as short |
| Orderly PERP_DOT_USDC | +0.0100% | 8h | 1.1760 | −0.170% | $8K | $19K | 10x | as long as short |
| SunX DOT-USDT | +0.0100% | 8h | 1.1774 | −0.051% | $2K | $1.3M | 20x | as long as short |
| HTX DOT-USDT | +0.0100% | 8h | 1.1766 | −0.119% | $265K | $278K | 75x | as long as short |
| Extended DOT-USD | +0.0104% | 1h | 1.1733 | −0.402% | $15K | $247K | 25x | as long as short |
| Phemex DOTUSDTlong | +0.0140% | 8h | 1.1780 | long leg | $2.4M | $2.2M | 50x | |
| BloFin DOT-USDT | +0.0220% | 8h | 1.1760 | −0.170% | $2.1M | $913K | 75x | as long as short |
| GMX DOT/USD [WBTC.b-USDC] | L +0.0291% / S −0.0937% | 1h | 1.1753 | −0.233% | $20K | — | 100x | as long as short |
Binance DOTUSDT
Bybit DOTUSDT
OKX DOT-USDT-SWAP
Gate DOT_USDT
MEXC DOT_USDT
KuCoin DOTUSDTM
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]