Funding you earn now, next payment 00:00 UTC−0.0203%/8h= −22.2% APRnext payment −$2.03 per $10,000 · paid last 24h −0.116%
Price spread now: BingX against Phemex−0.107%7-day average −0.191% · you buy dearer than you sell
Net, funding: paid 7d − costs−$124as in the Funding arb table
Net, price: spread back to 7d avg − costs−$47as in the Price arb table
costs, in and out, $10k−$560.555% of the position
Funding, last 7 days−0.688%−$69 on $10k
+Price spread, last 3 days (all we have)−0.039%−$4 · spread now −0.107%, 7d avg −0.191%
=The price spread pays, funding is against you. BingX is 0.084% dearer against Phemex than usual: you sell high and buy low (spread −0.107% now, against its 7-day average of −0.191%): +$8 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 33 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex DOTUSDT | 1.2140 | 0.0303 | pay 0.0303% / 8h | 33m 23s | $2.3M | $2.1M | 50x |
| Short | BingX DOT-USDT | 1.2127 | 0.0100 | get 0.0100% / 8h | 33m 23s | — | $28.6M | — |
Phemex DOTUSDT
BingX DOT-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX 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
- −$42.63
- Price spread: −0.107% → −0.191%
- $8.42
- Slippage, 4 orders
- −$33.51
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$89.73
- Costs to cover
- 0.555%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 5 min ago; BingX: live order book, 5 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, 5 min ago | 8.24 bp | 19.4 bp −$19 | 53.0 bp −$530 | 111.6 bp −$11.2K | doesn't fit |
| Sell BingX live order book, 5 min ago | 0.41 bp | 5.4 bp −$5 | 12.1 bp −$121 | 40.2 bp −$4,023 | 200.5 bp −$100.3K |
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 | −0.0984% | 1h | 1.2139 | −0.008% | $222K | $117K | 50x | as long as short |
| Reya DOTRUSDPERP | −0.0166% | 1h | 1.2115 | −0.210% | $262 | — | — | as long as short |
| Coinbase International DOT-PERP-INTX | −0.0056% | 1h | 1.2130 | −0.082% | $208K | $1.8M | 50x | as long as short |
| dYdX DOT-USD | 0.0000% | 1h | 1.2119 | −0.177% | $146K | $6K | 10x | as long as short |
| gTrade (Gains Network) DOT/USD | L 0.0000% / S +0.0004% | 1h | 1.2134 | −0.049% | $5K | — | 150x | as long as short |
| OKX DOT-USDT-SWAP | +0.0013% | 8h | 1.2128 | −0.099% | $9.6M | $24.3M | 50x | as long as short |
| Kraken Futures PF_DOTUSD | +0.0032% | 1h | 1.2141 | +0.011% | $4.5M | $1.4M | 50x | as long as short |
| Injective DOT/USDC PERP | +0.0033% | 1h | 1.2020 | −0.988% | $328 | $121K | 12x | as long as short |
| KuCoin DOTUSDTM | +0.0052% | 8h | 1.2125 | −0.124% | $6.7M | $8.8M | 75x | as long as short |
| Lighter DOT | +0.0096% | 1h | 1.2128 | −0.096% | $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 | 1.2124 | −0.132% | $5.4M | $3.4M | 10x | as long as short |
| Aster DOTUSDT | +0.0100% | 8h | 1.2126 | −0.115% | $883K | $690K | 50x | as long as short |
| Binance DOTUSDT | +0.0100% | 8h | 1.2129 | −0.094% | $44.9M | $82.6M | 75x | as long as short |
| Bybit DOTUSDT | +0.0100% | 8h | 1.2127 | −0.107% | $25.0M | $18.5M | 75x | as long as short |
| Gate DOT_USDT | +0.0100% | 8h | 1.2120 | −0.165% | $6.8M | $11.8M | 75x | as long as short |
| MEXC DOT_USDT | +0.0100% | 8h | 1.2124 | −0.132% | $31.6M | $39.8M | 300x | as long as short |
| Bitget DOTUSDT | +0.0100% | 8h | 1.2126 | −0.115% | $23.2M | $14.8M | 75x | as long as short |
| BingX DOT-USDTshort | +0.0100% | 8h | 1.2127 | −0.107% | — | $28.6M | — | |
| Backpack DOT_USDC_PERP | +0.0100% | 1h | 1.2116 | −0.198% | $97K | $130K | 10x | as long as short |
| Variational Omni DOT | +0.0100% | 8h | 1.2108 | −0.263% | $551K | $61K | — | as long as short |
| edgeX DOTUSDC | +0.0100% | 4h | 1.2114 | −0.215% | $35K | $333K | 20x | as long as short |
| GRVT DOT_USDT_Perp | +0.0100% | 8h | 1.2120 | −0.165% | $235K | $457K | 10x | as long as short |
| Orderly PERP_DOT_USDC | +0.0100% | 8h | 1.2120 | −0.165% | $8K | $23K | 10x | as long as short |
| SunX DOT-USDT | +0.0100% | 8h | 1.2143 | +0.025% | $1K | $1.3M | 20x | as long as short |
| HTX DOT-USDT | +0.0100% | 8h | 1.2123 | −0.140% | $250K | $220K | 75x | as long as short |
| Extended DOT-USD | +0.0104% | 1h | 1.2124 | −0.129% | $15K | $235K | 25x | as long as short |
| BloFin DOT-USDT | +0.0220% | 8h | 1.2128 | −0.099% | $2.3M | $790K | 75x | as long as short |
| Phemex DOTUSDTlong | +0.0303% | 8h | 1.2140 | long leg | $2.3M | $2.1M | 50x | |
| GMX DOT/USD [WBTC.b-USDC] | L +0.0303% / S −0.1012% | 1h | 1.2134 | −0.051% | $23K | — | 100x | as long as short |
Hyperliquid DOT
Aster DOTUSDT
Binance DOTUSDT
Bybit DOTUSDT
Gate DOT_USDT
MEXC DOT_USDT
Bitget DOTUSDT
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]