Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.082%
Price spread now: OKX against Phemex−0.145%7-day average −0.194% · you buy dearer than you sell
Net, funding: paid 7d − costs−$145as in the Funding arb table
Net, price: spread back to 7d avg − costs−$60as in the Price arb table
costs, in and out, $10k−$650.646% of the position
Funding, last 7 days−0.802%−$80 on $10k
+Price spread, last 4 days (all we have)+0.017%+$2 · spread now −0.145%, 7d avg −0.194%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: OKX is 0.049% dearer against Phemex than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.194%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex DOTUSDT | 1.1730 | 0.0100 | pay 0.0100% / 8h | 6h 21m | $2.4M | $2.2M | 50x |
| Short | OKX DOT-USDT-SWAP | 1.1713 | 0.0100 | get 0.0100% / 8h | 6h 21m | $9.0M | $23.5M | 50x |
Phemex DOTUSDT
OKX DOT-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- $0
- Price spread: −0.145% → −0.194%
- $4.88
- Slippage, 4 orders
- −$42.62
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$59.74
- Costs to cover
- 0.646%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 5 min ago; OKX: live order book, 5 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 | 8.52 bp | 23.3 bp −$23 | 56.8 bp −$568 | 115.0 bp −$11.5K | doesn't fit |
| Sell OKX live order book, 5 min ago | 0.43 bp | 9.8 bp −$10 | 33.6 bp −$336 | doesn't fit | doesn't fit |
DOT on 29 exchanges
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 | −0.1877% | 1h | 1.1730 | 0.000% | $256K | $167K | 50x | as long as short |
| Coinbase International DOT-PERP-INTX | −0.0464% | 1h | 1.1720 | −0.085% | $170K | $1.8M | 50x | as long as short |
| Reya DOTRUSDPERP | −0.0166% | 1h | 1.1719 | −0.093% | $254 | — | — | as long as short |
| dYdX DOT-USD | 0.0000% | 1h | 1.1722 | −0.071% | $142K | $6K | 10x | as long as short |
| gTrade (Gains Network) DOT/USD | L 0.0000% / S +0.0004% | 1h | 1.1723 | −0.063% | $3K | — | 150x | as long as short |
| Injective DOT/USDC PERP | +0.0033% | 1h | 1.2020 | +2.472% | $328 | $121K | 12x | as long as short |
| Lighter DOT | +0.0096% | 1h | 1.1719 | −0.090% | $247K | $660K | 10x | as long as short |
| Hyperliquid DOT | +0.0100% | 1h | 1.1721 | −0.077% | $5.5M | $4.1M | 10x | as long as short |
| Aster DOTUSDT | +0.0100% | 8h | 1.1720 | −0.085% | $844K | $450K | 50x | as long as short |
| Binance DOTUSDT | +0.0100% | 8h | 1.1715 | −0.128% | $42.9M | $81.9M | 75x | as long as short |
Deribit DOT_USDC-PERPETUAL
Coinbase International DOT-PERP-INTX
Reya DOTRUSDPERP
dYdX DOT-USD
gTrade (Gains Network) DOT/USD
Injective DOT/USDC PERP
Lighter DOT
Hyperliquid DOT
Aster DOTUSDT
Binance DOTUSDTShow all 29 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit DOTUSDT | +0.0100% | 8h | 1.1710 | −0.171% | $23.9M | $19.1M | 75x | as long as short |
| OKX DOT-USDT-SWAPshort | +0.0100% | 8h | 1.1713 | −0.145% | $9.0M | $23.5M | 50x | |
| Gate DOT_USDT | +0.0100% | 8h | 1.1720 | −0.085% | $6.6M | $10.6M | 75x | as long as short |
| MEXC DOT_USDT | +0.0100% | 8h | 1.1718 | −0.102% | $27.9M | $67.8M | 300x | as long as short |
| KuCoin DOTUSDTM | +0.0100% | 8h | 1.1718 | −0.102% | $6.2M | $9.5M | 75x | as long as short |
| Bitget DOTUSDT | +0.0100% | 8h | 1.1710 | −0.171% | $22.6M | $13.6M | 75x | as long as short |
| BingX DOT-USDC | +0.0100% | 8h | 1.1718 | −0.102% | — | $1.3M | — | as long as short |
| Backpack DOT_USDC_PERP | +0.0100% | 1h | 1.1725 | −0.043% | $87K | $130K | 10x | as long as short |
| Variational Omni DOT | +0.0100% | 8h | 1.1711 | −0.161% | $533K | $31K | — | as long as short |
| edgeX DOTUSDC | +0.0100% | 4h | 1.1715 | −0.124% | $34K | $335K | 20x | as long as short |
| GRVT DOT_USDT_Perp | +0.0100% | 8h | 1.1703 | −0.232% | $232K | $399K | 10x | as long as short |
| Orderly PERP_DOT_USDC | +0.0100% | 8h | 1.1720 | −0.085% | $8K | $19K | 10x | as long as short |
| SunX DOT-USDT | +0.0100% | 8h | 1.1726 | −0.034% | $2K | $1.2M | 20x | as long as short |
| HTX DOT-USDT | +0.0100% | 8h | 1.1691 | −0.332% | $264K | $266K | 75x | as long as short |
| Phemex DOTUSDTlong | +0.0100% | 8h | 1.1730 | long leg | $2.4M | $2.2M | 50x | |
| Extended DOT-USD | +0.0104% | 1h | 1.1706 | −0.200% | $15K | $274K | 25x | as long as short |
| Kraken Futures PF_DOTUSD | +0.0154% | 1h | 1.1729 | −0.012% | $4.4M | $1.5M | 50x | as long as short |
| BloFin DOT-USDT | +0.0220% | 8h | 1.1705 | −0.213% | $1.9M | $837K | 75x | as long as short |
| GMX DOT/USD [WBTC.b-USDC] | L +0.0290% / S −0.0937% | 1h | 1.1722 | −0.068% | $20K | — | 100x | as long as short |
Bybit DOTUSDT
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
HTX DOT-USDT
Extended DOT-USD
Kraken Futures PF_DOTUSD
BloFin DOT-USDT
GMX DOT/USD [WBTC.b-USDC]