Funding you earn now, next payment 23:00 UTC−0.0354%/8h= −38.7% APRpaid last 24h −0.149%
Price spread now: Kraken Futures against Phemex−0.096%7-day average −0.131% · you buy dearer than you sell
Net, funding: paid 7d − costs−$142as in the Funding arb table
Net, price: spread back to 7d avg − costs−$63as in the Price arb table
costs, in and out, $10k−$660.662% of the position
Funding, last 7 days−0.759%−$76 on $10k
+Price spread, last 3 days (all we have)−0.091%−$9 · spread now −0.096%, 7d avg −0.131%
=The price spread pays, funding is against you. Kraken Futures is 0.035% dearer against Phemex than usual: you sell high and buy low (spread −0.096% now, against its 7-day average of −0.131%): +$3 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 8 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex DOTUSDT | 1.2100 | 0.0301 | pay 0.0301% / 8h | 1h 10m | $2.2M | $2.1M | 50x |
| Short | Kraken Futures PF_DOTUSD | 1.2088 | −0.0053 | pay 0.0007% / 1h | 10m 18s | $4.5M | $1.4M | 50x |
Phemex DOTUSDT
Kraken Futures PF_DOTUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures 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
- −$74.3
- Price spread: −0.096% → −0.131%
- $3.5
- Slippage, 4 orders
- −$44.23
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$137.04
- Costs to cover
- 0.662%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 3 min ago; Kraken Futures: live order book, 4 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, 3 min ago | 4.14 bp | 15.9 bp −$16 | 44.3 bp −$443 | 101.5 bp −$10.2K | doesn't fit |
| Sell Kraken Futures live order book, 4 min ago | 2.07 bp | 11.0 bp −$11 | 21.2 bp −$212 | 167.8 bp −$16.8K | 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 | 1.2072 | −0.232% | $261 | — | — | as long as short |
| Coinbase International DOT-PERP-INTX | −0.0128% | 1h | 1.2090 | −0.083% | $209K | $1.9M | 50x | as long as short |
| Kraken Futures PF_DOTUSDshort | −0.0053% | 1h | 1.2088 | −0.096% | $4.5M | $1.4M | 50x | |
| Injective DOT/USDC PERP | −0.0040% | 1h | 1.2020 | −0.661% | $328 | $121K | 12x | as long as short |
| OKX DOT-USDT-SWAP | −0.0012% | 8h | 1.2066 | −0.281% | $9.5M | $23.9M | 50x | as long as short |
| dYdX DOT-USD | 0.0000% | 1h | 1.2090 | −0.079% | $146K | $6K | 10x | as long as short |
| Deribit DOT_USDC-PERPETUAL | 0.0000% | 1h | 1.2089 | −0.091% | $221K | $117K | 50x | as long as short |
| gTrade (Gains Network) DOT/USD | L 0.0000% / S +0.0004% | 1h | 1.2086 | −0.118% | $5K | — | 150x | as long as short |
| KuCoin DOTUSDTM | +0.0038% | 8h | 1.2082 | −0.149% | $6.8M | $8.7M | 75x | as long as short |
| Lighter DOT | +0.0096% | 1h | 1.2080 | −0.169% | $246K | $602K | 10x | as long as short |
Reya DOTRUSDPERP
Coinbase International DOT-PERP-INTX
Injective DOT/USDC PERP
OKX DOT-USDT-SWAP
dYdX DOT-USD
Deribit DOT_USDC-PERPETUAL
gTrade (Gains Network) DOT/USD
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 | 1.2085 | −0.124% | $5.3M | $3.3M | 10x | as long as short |
| Aster DOTUSDT | +0.0100% | 8h | 1.2084 | −0.134% | $877K | $687K | 50x | as long as short |
| Binance DOTUSDT | +0.0100% | 8h | 1.2068 | −0.265% | $44.6M | $81.5M | 75x | as long as short |
| Bybit DOTUSDT | +0.0100% | 8h | 1.2062 | −0.314% | $24.8M | $18.3M | 75x | as long as short |
| Gate DOT_USDT | +0.0100% | 8h | 1.2080 | −0.165% | $6.9M | $11.6M | 75x | as long as short |
| MEXC DOT_USDT | +0.0100% | 8h | 1.2079 | −0.174% | $29.2M | $38.0M | 300x | as long as short |
| Bitget DOTUSDT | +0.0100% | 8h | 1.2080 | −0.165% | $23.3M | $14.5M | 75x | as long as short |
| BingX DOT-USDT | +0.0100% | 8h | 1.2080 | −0.165% | — | $28.5M | — | as long as short |
| Backpack DOT_USDC_PERP | +0.0100% | 1h | 1.2085 | −0.124% | $96K | $129K | 10x | as long as short |
| Variational Omni DOT | +0.0100% | 8h | 1.2079 | −0.175% | $549K | $61K | — | as long as short |
| edgeX DOTUSDC | +0.0100% | 4h | 1.2051 | −0.403% | $35K | $331K | 20x | as long as short |
| GRVT DOT_USDT_Perp | +0.0100% | 8h | 1.2056 | −0.360% | $233K | $456K | 10x | as long as short |
| Orderly PERP_DOT_USDC | +0.0100% | 8h | 1.2080 | −0.165% | $8K | $25K | 10x | as long as short |
| SunX DOT-USDT | +0.0100% | 8h | 1.2091 | −0.074% | $2K | $1.3M | 20x | as long as short |
| HTX DOT-USDT | +0.0100% | 8h | 1.2092 | −0.066% | $249K | $219K | 75x | as long as short |
| Extended DOT-USD | +0.0104% | 1h | 1.2073 | −0.221% | $15K | $235K | 25x | as long as short |
| BloFin DOT-USDT | +0.0220% | 8h | 1.2082 | −0.149% | $2.3M | $780K | 75x | as long as short |
| Phemex DOTUSDTlong | +0.0301% | 8h | 1.2100 | long leg | $2.2M | $2.1M | 50x | |
| GMX DOT/USD [WBTC.b-USDC] | L +0.0305% / S −0.1025% | 1h | 1.2083 | −0.138% | $23K | — | 100x | as long as short |
Hyperliquid DOT
Aster DOTUSDT
Binance DOTUSDT
Bybit DOTUSDT
Gate DOT_USDT
MEXC DOT_USDT
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
Extended DOT-USD
BloFin DOT-USDT
GMX DOT/USD [WBTC.b-USDC]