Funding you earn now, next payment 16:00 UTC−0.0041%/8h= −4.5% APRnext payment −$0.41 per $10,000 · paid last 24h −0.055%
Price spread now: HTX against Phemex−0.221%7-day average −0.183% · you buy dearer than you sell
Net, funding: paid 7d − costs−$180as in the Funding arb table
Net, price: spread back to 7d avg − costs−$116as in the Price arb table
costs, in and out, $10k−$1121.125% of the position
Funding, last 7 days−0.672%−$67 on $10k
+Price spread, last 4 days (all we have)−0.017%−$2 · spread now −0.221%, 7d avg −0.183%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and HTX is 0.038% cheaper against Phemex than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.183%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex DOTUSDT | 1.1770 | 0.0141 | pay 0.0141% / 8h | 7h 18m | $2.4M | $2.2M | 50x |
| Short | HTX DOT-USDT | 1.1744 | 0.0100 | get 0.0100% / 8h | 7h 18m | $265K | $274K | 75x |
Phemex DOTUSDT
HTX DOT-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
HTX 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
- −$8.66
- Price spread: −0.221% → −0.183%
- −$3.77
- Slippage, 4 orders
- −$88.45
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee HTX: 6 bp × 2 orders
- −$12
- Net
- −$124.88
- Costs to cover
- 1.125%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 5 min ago; HTX: live order book, 14 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 | 4.26 bp | 22.6 bp −$23 | 61.6 bp −$616 | 133.2 bp −$13.3K | doesn't fit |
| Sell HTX live order book, 14 min ago | 16.32 bp | 23.2 bp −$23 | 148.0 bp −$1,480 | 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 | −0.1703% | 1h | 1.1756 | −0.119% | $256K | $171K | 50x | as long as short |
| Reya DOTRUSDPERP | −0.0166% | 1h | 1.1741 | −0.248% | $254 | — | — | as long as short |
| dYdX DOT-USD | 0.0000% | 1h | 1.1746 | −0.202% | $142K | $6K | 10x | as long as short |
| gTrade (Gains Network) DOT/USD | L 0.0000% / S +0.0004% | 1h | 1.1749 | −0.180% | $3K | — | 150x | as long as short |
| Injective DOT/USDC PERP | +0.0033% | 1h | 1.2020 | +2.124% | $328 | $121K | 12x | as long as short |
| Coinbase International DOT-PERP-INTX | +0.0072% | 1h | 1.1760 | −0.085% | $171K | $2.0M | 50x | as long as short |
| Lighter DOT | +0.0096% | 1h | 1.1751 | −0.161% | $247K | $673K | 10x | as long as short |
| Hyperliquid DOT | +0.0100% | 1h | 1.1754 | −0.136% | $5.6M | $4.5M | 10x | as long as short |
| Aster DOTUSDT | +0.0100% | 8h | 1.1760 | −0.088% | $847K | $615K | 50x | as long as short |
| Binance DOTUSDT | +0.0100% | 8h | 1.1753 | −0.144% | $42.9M | $87.9M | 75x | as long as short |
Deribit DOT_USDC-PERPETUAL
Reya DOTRUSDPERP
dYdX DOT-USD
gTrade (Gains Network) DOT/USD
Injective DOT/USDC PERP
Coinbase International DOT-PERP-INTX
Lighter DOT
Hyperliquid DOT
Aster DOTUSDT
Binance DOTUSDTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit DOTUSDT | +0.0100% | 8h | 1.1750 | −0.170% | $23.9M | $20.2M | 75x | as long as short |
| OKX DOT-USDT-SWAP | +0.0100% | 8h | 1.1751 | −0.161% | $9.0M | $25.3M | 50x | as long as short |
| Gate DOT_USDT | +0.0100% | 8h | 1.1750 | −0.170% | $6.6M | $11.9M | 75x | as long as short |
| MEXC DOT_USDT | +0.0100% | 8h | 1.1753 | −0.144% | $33.2M | $65.8M | 300x | as long as short |
| KuCoin DOTUSDTM | +0.0100% | 8h | 1.1755 | −0.127% | $6.2M | $9.6M | 75x | as long as short |
| Bitget DOTUSDT | +0.0100% | 8h | 1.1748 | −0.187% | $22.6M | $14.2M | 75x | as long as short |
| BingX DOT-USDC | +0.0100% | 8h | 1.1749 | −0.178% | — | $1.3M | — | as long as short |
| Backpack DOT_USDC_PERP | +0.0100% | 1h | 1.1756 | −0.119% | $86K | $131K | 10x | as long as short |
| Variational Omni DOT | +0.0100% | 8h | 1.1745 | −0.214% | $534K | $50K | — | as long as short |
| edgeX DOTUSDC | +0.0100% | 4h | 1.1746 | −0.201% | $34K | $336K | 20x | as long as short |
| GRVT DOT_USDT_Perp | +0.0100% | 8h | 1.1750 | −0.170% | $223K | $427K | 10x | as long as short |
| Orderly PERP_DOT_USDC | +0.0100% | 8h | 1.1740 | −0.255% | $8K | $18K | 10x | as long as short |
| SunX DOT-USDT | +0.0100% | 8h | 1.1761 | −0.076% | $2K | $1.3M | 20x | as long as short |
| HTX DOT-USDTshort | +0.0100% | 8h | 1.1744 | −0.221% | $265K | $274K | 75x | |
| Extended DOT-USD | +0.0104% | 1h | 1.1744 | −0.222% | $15K | $273K | 25x | as long as short |
| Phemex DOTUSDTlong | +0.0141% | 8h | 1.1770 | long leg | $2.4M | $2.2M | 50x | |
| BloFin DOT-USDT | +0.0220% | 8h | 1.1744 | −0.221% | $1.9M | $913K | 75x | as long as short |
| Kraken Futures PF_DOTUSD | +0.0242% | 1h | 1.1757 | −0.112% | $4.4M | $1.5M | 50x | as long as short |
| GMX DOT/USD [WBTC.b-USDC] | L +0.0291% / S −0.0937% | 1h | 1.1745 | −0.211% | $20K | — | 100x | as long as short |
Bybit DOTUSDT
OKX DOT-USDT-SWAP
Gate DOT_USDT
MEXC DOT_USDT
KuCoin DOTUSDTM
Bitget DOTUSDT
BingX DOT-USDC
Backpack DOT_USDC_PERP
Variational Omni DOT
edgeX DOTUSDC
GRVT DOT_USDT_Perp
Orderly PERP_DOT_USDC
SunX DOT-USDT
Extended DOT-USD
BloFin DOT-USDT
Kraken Futures PF_DOTUSD
GMX DOT/USD [WBTC.b-USDC]