Funding you earn now, next payment 00:00 UTC−0.0259%/8h= −28.3% APRnext payment −$2.59 per $10,000 · paid last 24h −0.117%
Price spread now: Gate against Phemex+0.251%7-day average −0.189% · you sell dearer than you buy
Net, funding: paid 7d − costs−$152as in the Funding arb table
Net, price: spread back to 7d avg − costs−$31as in the Price arb table
costs, in and out, $10k−$750.747% of the position
Funding, last 7 days−0.773%−$77 on $10k
+Price spread, last 3 days (all we have)−0.384%−$38 · spread now +0.251%, 7d avg −0.189%
=The price spread pays, funding is against you. Gate is 0.440% dearer against Phemex than usual: you sell high and buy low (spread +0.251% now, against its 7-day average of −0.189%): +$44 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 5.7 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex DOTUSDT | 1.1930 | 0.0359 | pay 0.0359% / 8h | 1h 56m | $2.2M | $2.1M | 50x |
| Short | Gate DOT_USDT | 1.1960 | 0.0100 | get 0.0100% / 8h | 1h 56m | $6.8M | $11.3M | 75x |
Phemex DOTUSDT
Gate DOT_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$54.3
- Price spread: +0.251% → −0.189%
- $44.04
- Slippage, 4 orders
- −$47.7
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$84.96
- Costs to cover
- 0.747%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 2 min ago; Gate: live order book, 2 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, 2 min ago | 4.20 bp | 23.8 bp −$24 | 62.1 bp −$621 | 112.8 bp −$11.3K | doesn't fit |
| Sell Gate live order book, 2 min ago | 4.21 bp | 19.3 bp −$19 | 34.2 bp −$342 | 69.7 bp −$6,973 | 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 | −0.0838% | 1h | 1.1934 | +0.034% | $218K | $117K | 50x | as long as short |
| Reya DOTRUSDPERP | −0.0166% | 1h | 1.1911 | −0.158% | $258 | — | — | as long as short |
| Coinbase International DOT-PERP-INTX | −0.0128% | 1h | 1.1900 | −0.251% | $183K | $1.8M | 50x | as long as short |
| Kraken Futures PF_DOTUSD | −0.0054% | 1h | 1.1937 | +0.057% | $4.5M | $1.3M | 50x | as long as short |
| Injective DOT/USDC PERP | −0.0040% | 1h | 1.2020 | +0.754% | $328 | $121K | 12x | as long as short |
| OKX DOT-USDT-SWAP | −0.0024% | 8h | 1.1959 | +0.243% | $9.4M | $23.4M | 50x | as long as short |
| dYdX DOT-USD | 0.0000% | 1h | 1.1963 | +0.276% | $144K | $6K | 10x | as long as short |
| gTrade (Gains Network) DOT/USD | L 0.0000% / S +0.0004% | 1h | 1.1926 | −0.032% | $5K | — | 150x | as long as short |
| KuCoin DOTUSDTM | +0.0017% | 8h | 1.1960 | +0.251% | $6.8M | $8.7M | 75x | as long as short |
| Extended DOT-USD | +0.0048% | 1h | 1.1958 | +0.236% | $15K | $235K | 25x | as long as short |
Deribit DOT_USDC-PERPETUAL
Reya DOTRUSDPERP
Coinbase International DOT-PERP-INTX
Kraken Futures PF_DOTUSD
Injective DOT/USDC PERP
OKX DOT-USDT-SWAP
dYdX DOT-USD
gTrade (Gains Network) DOT/USD
KuCoin DOTUSDTM
Extended DOT-USDShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC DOT_USDT | +0.0050% | 8h | 1.1959 | +0.243% | $35.9M | $35.6M | 300x | as long as short |
| Binance DOTUSDT | +0.0050% | 8h | 1.1959 | +0.246% | $44.0M | $80.6M | 75x | as long as short |
| Lighter DOT | +0.0096% | 1h | 1.1961 | +0.262% | $251K | $593K | 10x | as long as short |
| Hyperliquid DOT | +0.0100% | 1h | 1.1965 | +0.293% | $5.3M | $3.2M | 10x | as long as short |
| Aster DOTUSDT | +0.0100% | 8h | 1.1946 | +0.136% | $887K | $649K | 50x | as long as short |
| Bybit DOTUSDT | +0.0100% | 8h | 1.1960 | +0.251% | $24.5M | $17.9M | 75x | as long as short |
| Gate DOT_USDTshort | +0.0100% | 8h | 1.1960 | +0.251% | $6.8M | $11.3M | 75x | |
| Bitget DOTUSDT | +0.0100% | 8h | 1.1960 | +0.251% | $22.9M | $14.0M | 75x | as long as short |
| BingX DOT-USDT | +0.0100% | 8h | 1.1957 | +0.226% | — | $28.5M | — | as long as short |
| Backpack DOT_USDC_PERP | +0.0100% | 1h | 1.1937 | +0.059% | $99K | $127K | 10x | as long as short |
| Variational Omni DOT | +0.0100% | 8h | 1.1901 | −0.242% | $541K | $92K | — | as long as short |
| edgeX DOTUSDC | +0.0100% | 4h | 1.1893 | −0.307% | $35K | $331K | 20x | as long as short |
| GRVT DOT_USDT_Perp | +0.0100% | 8h | 1.1897 | −0.276% | $230K | $469K | 10x | as long as short |
| Orderly PERP_DOT_USDC | +0.0100% | 8h | 1.1920 | −0.084% | $8K | $25K | 10x | as long as short |
| SunX DOT-USDT | +0.0100% | 8h | 1.1927 | −0.025% | $2K | $1.2M | 20x | as long as short |
| HTX DOT-USDT | +0.0100% | 8h | 1.1892 | −0.319% | $245K | $219K | 75x | as long as short |
| BloFin DOT-USDT | +0.0170% | 8h | 1.1929 | −0.008% | $2.3M | $762K | 75x | as long as short |
| GMX DOT/USD [WBTC.b-USDC] | L +0.0297% / S −0.0774% | 1h | 1.1921 | −0.076% | $22K | — | 100x | as long as short |
| Phemex DOTUSDTlong | +0.0359% | 8h | 1.1930 | long leg | $2.2M | $2.1M | 50x |
MEXC DOT_USDT
Binance DOTUSDT
Lighter DOT
Hyperliquid DOT
Aster DOTUSDT
Bybit DOTUSDT
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
BloFin DOT-USDT
GMX DOT/USD [WBTC.b-USDC]