Funding you earn now, next payment 23:00 UTC−0.0340%/8h= −37.2% APRpaid last 24h −0.197%
Price spread now: Coinbase International against Phemex−0.083%7-day average −0.164% · you buy dearer than you sell
Net, funding: paid 7d − costs−$173as in the Funding arb table
Net, price: spread back to 7d avg − costs−$68as in the Price arb table
costs, in and out, $10k−$760.763% of the position
Funding, last 7 days−0.966%−$97 on $10k
+Price spread, last 3 days (all we have)−0.094%−$9 · spread now −0.083%, 7d avg −0.164%
=The price spread pays, funding is against you. Coinbase International is 0.081% dearer against Phemex than usual: you sell high and buy low (spread −0.083% now, against its 7-day average of −0.164%): +$8 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 19 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex DOTUSDT | 1.2050 | 0.0284 | pay 0.0284% / 8h | 8m 41s | $2.3M | $2.1M | 50x |
| Short | Coinbase International DOT-PERP-INTX | 1.2040 | −0.0056 | pay 0.0007% / 1h | 8m 41s | $206K | $1.8M | 50x |
Phemex DOTUSDT
Coinbase International DOT-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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
- −$71.3
- Price spread: −0.083% → −0.164%
- $8.11
- Slippage, 4 orders
- −$54.28
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$139.47
- Costs to cover
- 0.763%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 5 min ago; Coinbase International: 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 | 4.14 bp | 18.7 bp −$19 | 46.8 bp −$468 | 105.6 bp −$10.6K | doesn't fit |
| Sell Coinbase International live order book, 5 min ago | 4.15 bp | 17.3 bp −$17 | 22.9 bp −$229 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Reya DOTRUSDPERP | −0.0166% | 1h | 1.2042 | −0.068% | $261 | — | — | as long as short |
| Coinbase International DOT-PERP-INTXshort | −0.0056% | 1h | 1.2040 | −0.083% | $206K | $1.8M | 50x | |
| dYdX DOT-USD | 0.0000% | 1h | 1.2038 | −0.100% | $145K | $6K | 10x | as long as short |
| Deribit DOT_USDC-PERPETUAL | 0.0000% | 1h | 1.2054 | +0.033% | $220K | $116K | 50x | as long as short |
| gTrade (Gains Network) DOT/USD | L 0.0000% / S +0.0004% | 1h | 1.2047 | −0.027% | $5K | — | 150x | as long as short |
| OKX DOT-USDT-SWAP | +0.0013% | 8h | 1.2027 | −0.191% | $9.5M | $24.1M | 50x | as long as short |
| Kraken Futures PF_DOTUSD | +0.0032% | 1h | 1.2048 | −0.018% | $4.5M | $1.4M | 50x | as long as short |
| Injective DOT/USDC PERP | +0.0033% | 1h | 1.2020 | −0.249% | $328 | $121K | 12x | as long as short |
| KuCoin DOTUSDTM | +0.0053% | 8h | 1.2028 | −0.183% | $6.8M | $8.9M | 75x | as long as short |
| Lighter DOT | +0.0096% | 1h | 1.2030 | −0.166% | $245K | $605K | 10x | as long as short |
Reya DOTRUSDPERP
dYdX DOT-USD
Deribit DOT_USDC-PERPETUAL
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 | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni DOT | +0.0099% | 8h | 1.2009 | −0.342% | $547K | $61K | — | as long as short |
| Hyperliquid DOT | +0.0100% | 1h | 1.2034 | −0.133% | $5.3M | $3.5M | 10x | as long as short |
| Aster DOTUSDT | +0.0100% | 8h | 1.2047 | −0.026% | $877K | $691K | 50x | as long as short |
| Binance DOTUSDT | +0.0100% | 8h | 1.2029 | −0.174% | $44.4M | $83.3M | 75x | as long as short |
| Bybit DOTUSDT | +0.0100% | 8h | 1.2025 | −0.207% | $24.7M | $18.6M | 75x | as long as short |
| Gate DOT_USDT | +0.0100% | 8h | 1.2030 | −0.166% | $6.8M | $11.8M | 75x | as long as short |
| MEXC DOT_USDT | +0.0100% | 8h | 1.2029 | −0.174% | $33.5M | $40.9M | 300x | as long as short |
| Bitget DOTUSDT | +0.0100% | 8h | 1.2030 | −0.166% | $23.0M | $14.7M | 75x | as long as short |
| BingX DOT-USDC | +0.0100% | 8h | 1.2026 | −0.199% | — | $1.3M | — | as long as short |
| Backpack DOT_USDC_PERP | +0.0100% | 1h | 1.2042 | −0.066% | $96K | $131K | 10x | as long as short |
| edgeX DOTUSDC | +0.0100% | 4h | 1.2047 | −0.025% | $35K | $332K | 20x | as long as short |
| GRVT DOT_USDT_Perp | +0.0100% | 8h | 1.2020 | −0.249% | $233K | $457K | 10x | as long as short |
| Orderly PERP_DOT_USDC | +0.0100% | 8h | 1.2040 | −0.083% | $8K | $23K | 10x | as long as short |
| SunX DOT-USDT | +0.0100% | 8h | 1.2044 | −0.050% | $2K | $1.3M | 20x | as long as short |
| HTX DOT-USDT | +0.0100% | 8h | 1.2024 | −0.216% | $248K | $220K | 75x | as long as short |
| Extended DOT-USD | +0.0104% | 1h | 1.2024 | −0.217% | $15K | $235K | 25x | as long as short |
| BloFin DOT-USDT | +0.0220% | 8h | 1.2033 | −0.141% | $2.3M | $786K | 75x | as long as short |
| Phemex DOTUSDTlong | +0.0284% | 8h | 1.2050 | long leg | $2.3M | $2.1M | 50x | |
| GMX DOT/USD [WBTC.b-USDC] | L +0.0302% / S −0.1012% | 1h | 1.2048 | −0.017% | $22K | — | 100x | as long as short |
Variational Omni DOT
Hyperliquid DOT
Aster DOTUSDT
Binance DOTUSDT
Bybit DOTUSDT
Gate DOT_USDT
MEXC DOT_USDT
Bitget DOTUSDT
BingX DOT-USDC
Backpack DOT_USDC_PERP
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]