Funding you earn now, next payment 00:00 UTC−0.0192%/8h= −21.1% APRpaid last 24h −0.118%
Price spread now: Lighter against Phemex−0.197%7-day average −0.168% · you buy dearer than you sell
Net, funding: paid 7d − costs−$127as in the Funding arb table
Net, price: spread back to 7d avg − costs−$63as in the Price arb table
costs, in and out, $10k−$600.599% of the position
Funding, last 7 days−0.670%−$67 on $10k
+Price spread, last 3 days (all we have)+0.102%+$10 · spread now −0.197%, 7d avg −0.168%
=Together, before fees−0.568%+ Points / potential airdropLighter: Season 3 · farm board−$57 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Lighter is 0.028% cheaper against Phemex than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.168%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex DOTUSDT | 1.2040 | 0.0288 | pay 0.0288% / 8h | 6m 46s | $2.3M | $2.1M | 50x |
| Short | Lighter DOT | 1.2016 | 0.0096 | get 0.0012% / 1h | 6m 46s | $245K | $605K | 10x |
Phemex DOTUSDT
Lighter DOTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter 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
- −$40.41
- Price spread: −0.197% → −0.168%
- −$2.84
- Slippage, 4 orders
- −$47.9
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$103.14
- Costs to cover
- 0.599%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 2 min ago; Lighter: live order book, 64 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 | 4.15 bp | 22.3 bp −$22 | 59.8 bp −$598 | 110.0 bp −$11.0K | doesn't fit |
| Sell Lighter live order book, 64 min ago | 2.94 bp | 9.7 bp −$10 | 19.9 bp −$199 | 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 | 1.2012 | −0.232% | $260 | — | — | as long as short |
| Deribit DOT_USDC-PERPETUAL | −0.0165% | 1h | 1.2030 | −0.083% | $220K | $116K | 50x | as long as short |
| Coinbase International DOT-PERP-INTX | −0.0056% | 1h | 1.2020 | −0.166% | $206K | $1.8M | 50x | as long as short |
| dYdX DOT-USD | 0.0000% | 1h | 1.2019 | −0.171% | $145K | $6K | 10x | as long as short |
| gTrade (Gains Network) DOT/USD | L 0.0000% / S +0.0004% | 1h | 1.2021 | −0.159% | $5K | — | 150x | as long as short |
| OKX DOT-USDT-SWAP | +0.0014% | 8h | 1.2008 | −0.266% | $9.5M | $24.0M | 50x | as long as short |
| Kraken Futures PF_DOTUSD | +0.0032% | 1h | 1.2028 | −0.101% | $4.5M | $1.4M | 50x | as long as short |
| Injective DOT/USDC PERP | +0.0033% | 1h | 1.2020 | −0.166% | $328 | $121K | 12x | as long as short |
| KuCoin DOTUSDTM | +0.0053% | 8h | 1.2011 | −0.241% | $6.8M | $8.9M | 75x | as long as short |
| Lighter DOTshort | +0.0096% | 1h | 1.2016 | −0.197% | $245K | $605K | 10x |
Reya DOTRUSDPERP
Deribit DOT_USDC-PERPETUAL
Coinbase International DOT-PERP-INTX
dYdX DOT-USD
gTrade (Gains Network) DOT/USD
OKX DOT-USDT-SWAP
Kraken Futures PF_DOTUSD
Injective DOT/USDC PERP
KuCoin DOTUSDTMShow 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 | −0.259% | $547K | $61K | — | as long as short |
| Hyperliquid DOT | +0.0100% | 1h | 1.2017 | −0.191% | $5.3M | $3.5M | 10x | as long as short |
| Aster DOTUSDT | +0.0100% | 8h | 1.2031 | −0.073% | $876K | $691K | 50x | as long as short |
| Binance DOTUSDT | +0.0100% | 8h | 1.2013 | −0.224% | $44.3M | $83.3M | 75x | as long as short |
| Bybit DOTUSDT | +0.0100% | 8h | 1.2006 | −0.282% | $24.7M | $18.6M | 75x | as long as short |
| Gate DOT_USDT | +0.0100% | 8h | 1.2020 | −0.166% | $6.8M | $11.8M | 75x | as long as short |
| MEXC DOT_USDT | +0.0100% | 8h | 1.2014 | −0.216% | $33.6M | $41.0M | 300x | as long as short |
| Bitget DOTUSDT | +0.0100% | 8h | 1.2010 | −0.249% | $23.0M | $14.8M | 75x | as long as short |
| BingX DOT-USDC | +0.0100% | 8h | 1.2014 | −0.216% | — | $1.3M | — | as long as short |
| Backpack DOT_USDC_PERP | +0.0100% | 1h | 1.2019 | −0.174% | $96K | $131K | 10x | as long as short |
| edgeX DOTUSDC | +0.0100% | 4h | 1.2034 | −0.053% | $35K | $333K | 20x | as long as short |
| GRVT DOT_USDT_Perp | +0.0100% | 8h | 1.2044 | +0.036% | $233K | $457K | 10x | as long as short |
| Orderly PERP_DOT_USDC | +0.0100% | 8h | 1.2020 | −0.166% | $8K | $23K | 10x | as long as short |
| SunX DOT-USDT | +0.0100% | 8h | 1.2042 | +0.017% | $2K | $1.3M | 20x | as long as short |
| HTX DOT-USDT | +0.0100% | 8h | 1.2047 | +0.058% | $249K | $220K | 75x | as long as short |
| Extended DOT-USD | +0.0104% | 1h | 1.2010 | −0.248% | $15K | $236K | 25x | as long as short |
| BloFin DOT-USDT | +0.0220% | 8h | 1.2024 | −0.133% | $2.2M | $785K | 75x | as long as short |
| Phemex DOTUSDTlong | +0.0288% | 8h | 1.2040 | long leg | $2.3M | $2.1M | 50x | |
| GMX DOT/USD [WBTC.b-USDC] | L +0.0302% / S −0.1012% | 1h | 1.2021 | −0.161% | $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]