Funding you earn now, next payment 00:00 UTC−0.0282%/8h= −30.9% APRpaid last 24h −0.151%
Price spread now: dYdX against Phemex−0.107%7-day average −0.159% · you buy dearer than you sell
Net, funding: paid 7d − costs−$223as in the Funding arb table
Net, price: spread back to 7d avg − costs−$131as in the Price arb table
costs, in and out, $10k−$1361.361% of the position
Funding, last 7 days−0.871%−$87 on $10k
+Price spread, last 3 days (all we have)−0.013%−$1 · spread now −0.107%, 7d avg −0.159%
=The price spread pays, funding is against you. dYdX is 0.052% dearer against Phemex than usual: you sell high and buy low (spread −0.107% now, against its 7-day average of −0.159%): +$5 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 15 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex DOTUSDT | 1.2070 | 0.0282 | pay 0.0282% / 8h | 3m 51s | $2.3M | $2.1M | 50x |
| Short | dYdX DOT-USD | 1.2057 | 0 | get 0.0000% / 1h | 3m 51s | $145K | $6K | 10x |
Phemex DOTUSDT
dYdX DOT-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
dYdX 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
- −$59.19
- Price spread: −0.107% → −0.159%
- $5.16
- Slippage, 4 orders
- −$114.06
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee dYdX: 5 bp × 2 orders
- −$10
- Net
- −$190.09
- Costs to cover
- 1.361%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 5 min ago; dYdX: live order book, 10 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 | 4.15 bp | 22.3 bp −$22 | 59.8 bp −$598 | 110.0 bp −$11.0K | doesn't fit |
| Sell dYdX live order book, 10 min ago | 41.42 bp | 46.4 bp −$46 | 159.6 bp −$1,596 | 177.0 bp −$17.7K | 180.3 bp −$90.1K |
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 | 1.2047 | −0.192% | $261 | — | — | as long as short |
| Coinbase International DOT-PERP-INTX | −0.0056% | 1h | 1.2060 | −0.083% | $207K | $1.8M | 50x | as long as short |
| dYdX DOT-USDshort | 0.0000% | 1h | 1.2057 | −0.107% | $145K | $6K | 10x | |
| Deribit DOT_USDC-PERPETUAL | 0.0000% | 1h | 1.2063 | −0.058% | $220K | $116K | 50x | as long as short |
| gTrade (Gains Network) DOT/USD | L 0.0000% / S +0.0004% | 1h | 1.2059 | −0.091% | $5K | — | 150x | as long as short |
| OKX DOT-USDT-SWAP | +0.0012% | 8h | 1.2043 | −0.224% | $9.5M | $24.0M | 50x | as long as short |
| Kraken Futures PF_DOTUSD | +0.0032% | 1h | 1.2060 | −0.087% | $4.5M | $1.4M | 50x | as long as short |
| Injective DOT/USDC PERP | +0.0033% | 1h | 1.2020 | −0.414% | $328 | $121K | 12x | as long as short |
| KuCoin DOTUSDTM | +0.0053% | 8h | 1.2045 | −0.207% | $6.6M | $9.0M | 75x | as long as short |
| Lighter DOT | +0.0096% | 1h | 1.2050 | −0.164% | $246K | $605K | 10x | as long as short |
Reya DOTRUSDPERP
Coinbase International DOT-PERP-INTX
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 | +0.0097% | 8h | 1.1998 | −0.598% | $546K | $61K | — | as long as short |
| Hyperliquid DOT | +0.0100% | 1h | 1.2050 | −0.166% | $5.3M | $3.5M | 10x | as long as short |
| Aster DOTUSDT | +0.0100% | 8h | 1.2057 | −0.105% | $878K | $691K | 50x | as long as short |
| Binance DOTUSDT | +0.0100% | 8h | 1.2044 | −0.211% | $44.4M | $83.3M | 75x | as long as short |
| Bybit DOTUSDT | +0.0100% | 8h | 1.2042 | −0.232% | $24.8M | $18.6M | 75x | as long as short |
| Gate DOT_USDT | +0.0100% | 8h | 1.2050 | −0.166% | $6.8M | $11.9M | 75x | as long as short |
| MEXC DOT_USDT | +0.0100% | 8h | 1.2043 | −0.224% | $33.8M | $41.1M | 300x | as long as short |
| Bitget DOTUSDT | +0.0100% | 8h | 1.2042 | −0.232% | $23.1M | $14.8M | 75x | as long as short |
| BingX DOT-USDC | +0.0100% | 8h | 1.2042 | −0.232% | — | $1.3M | — | as long as short |
| Backpack DOT_USDC_PERP | +0.0100% | 1h | 1.2050 | −0.166% | $96K | $131K | 10x | as long as short |
| edgeX DOTUSDC | +0.0100% | 4h | 1.2019 | −0.420% | $35K | $333K | 20x | as long as short |
| GRVT DOT_USDT_Perp | +0.0100% | 8h | 1.2044 | −0.213% | $233K | $457K | 10x | as long as short |
| Orderly PERP_DOT_USDC | +0.0100% | 8h | 1.2050 | −0.166% | $8K | $23K | 10x | as long as short |
| SunX DOT-USDT | +0.0100% | 8h | 1.2070 | 0.000% | $2K | $1.3M | 20x | as long as short |
| HTX DOT-USDT | +0.0100% | 8h | 1.2008 | −0.514% | $248K | $220K | 75x | as long as short |
| Extended DOT-USD | +0.0104% | 1h | 1.2035 | −0.288% | $15K | $236K | 25x | as long as short |
| BloFin DOT-USDT | +0.0220% | 8h | 1.2038 | −0.265% | $2.3M | $784K | 75x | as long as short |
| Phemex DOTUSDTlong | +0.0282% | 8h | 1.2070 | long leg | $2.3M | $2.1M | 50x | |
| GMX DOT/USD [WBTC.b-USDC] | L +0.0302% / S −0.1012% | 1h | 1.2060 | −0.084% | $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]