Funding you earn now, next payment 00:00 UTC+0.0455%/8h= +49.9% APRpaid last 24h +0.196%
Price spread now: Phemex against Reya+0.212%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work for this trade now. Funding pays +$14 a day on $10k at the current rate, and Phemex is 0.212% dearer against Reya than usual: you sell high and buy low: +$21 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Reya DOTRUSDPERP | 1.2164 | −0.0166 | get 0.0021% / 1h | 53m 40s | $263 | — | — |
| Short | Phemex DOTUSDT | 1.2190 | 0.0289 | get 0.0289% / 8h | 53m 40s | $2.3M | $2.1M | 50x |
Reya DOTRUSDPERP
Phemex DOTUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against Reya. 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
- $95.63
- Price spread: +0.212% → 0.000%
- $21.24
- Slippage, 4 orders
- no order book: not counted
- Fee Reya: 3 bp × 2 orders
- −$6
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- $98.86
- Costs to cover
- 0.180%
- Break-even
- from the start
Slippage unknown: Reya: no order-book sample; Phemex: live order book, 5 min ago. Net counts fees only.
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 Reya no order-book sample | — | — | — | — | — |
| Sell Phemex live order book, 5 min ago | 4.13 bp | 17.0 bp −$17 | 48.8 bp −$488 | 108.6 bp −$10.9K | doesn't fit |
Reya: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 DOTRUSDPERPlong | −0.0166% | 1h | 1.2164 | long leg | $263 | — | — | |
| Coinbase International DOT-PERP-INTX | −0.0056% | 1h | 1.2160 | −0.034% | $209K | $1.9M | 50x | as long as short |
| OKX DOT-USDT-SWAP | −0.0005% | 8h | 1.2152 | −0.100% | $9.6M | $24.2M | 50x | as long as short |
| dYdX DOT-USD | 0.0000% | 1h | 1.2159 | −0.040% | $146K | $6K | 10x | as long as short |
| Deribit DOT_USDC-PERPETUAL | 0.0000% | 1h | 1.2196 | +0.262% | $223K | $117K | 50x | as long as short |
| gTrade (Gains Network) DOT/USD | L 0.0000% / S +0.0004% | 1h | 1.2173 | +0.071% | $5K | — | 150x | as long as short |
| Kraken Futures PF_DOTUSD | +0.0031% | 1h | 1.2187 | +0.189% | $4.5M | $1.4M | 50x | as long as short |
| Injective DOT/USDC PERP | +0.0033% | 1h | 1.2020 | −1.185% | $328 | $121K | 12x | as long as short |
| KuCoin DOTUSDTM | +0.0048% | 8h | 1.2168 | +0.031% | $6.8M | $8.8M | 75x | as long as short |
| Lighter DOT | +0.0096% | 1h | 1.2180 | +0.126% | $249K | $601K | 10x | as long as short |
Coinbase International DOT-PERP-INTX
OKX DOT-USDT-SWAP
dYdX DOT-USD
Deribit DOT_USDC-PERPETUAL
gTrade (Gains Network) DOT/USD
Kraken Futures PF_DOTUSD
Injective DOT/USDC PERP
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 | 1.2181 | +0.138% | $5.4M | $3.4M | 10x | as long as short |
| Aster DOTUSDT | +0.0100% | 8h | 1.2180 | +0.130% | $887K | $689K | 50x | as long as short |
| Binance DOTUSDT | +0.0100% | 8h | 1.2162 | −0.020% | $44.9M | $81.9M | 75x | as long as short |
| Bybit DOTUSDT | +0.0100% | 8h | 1.2146 | −0.149% | $25.0M | $18.4M | 75x | as long as short |
| Gate DOT_USDT | +0.0100% | 8h | 1.2150 | −0.116% | $6.9M | $11.6M | 75x | as long as short |
| MEXC DOT_USDT | +0.0100% | 8h | 1.2153 | −0.092% | $30.5M | $38.6M | 300x | as long as short |
| Bitget DOTUSDT | +0.0100% | 8h | 1.2148 | −0.133% | $23.4M | $14.8M | 75x | as long as short |
| BingX DOT-USDT | +0.0100% | 8h | 1.2151 | −0.108% | — | $28.6M | — | as long as short |
| Backpack DOT_USDC_PERP | +0.0100% | 1h | 1.2182 | +0.147% | $97K | $128K | 10x | as long as short |
| Variational Omni DOT | +0.0100% | 8h | 1.2105 | −0.488% | $550K | $61K | — | as long as short |
| edgeX DOTUSDC | +0.0100% | 4h | 1.2096 | −0.563% | $35K | $331K | 20x | as long as short |
| GRVT DOT_USDT_Perp | +0.0100% | 8h | 1.2098 | −0.540% | $234K | $457K | 10x | as long as short |
| Orderly PERP_DOT_USDC | +0.0100% | 8h | 1.2170 | +0.048% | $8K | $24K | 10x | as long as short |
| SunX DOT-USDT | +0.0100% | 8h | 1.2184 | +0.163% | $2K | $1.3M | 20x | as long as short |
| HTX DOT-USDT | +0.0100% | 8h | 1.2181 | +0.138% | $251K | $220K | 75x | as long as short |
| Extended DOT-USD | +0.0104% | 1h | 1.2145 | −0.154% | $15K | $235K | 25x | as long as short |
| BloFin DOT-USDT | +0.0220% | 8h | 1.2117 | −0.388% | $2.3M | $789K | 75x | as long as short |
| Phemex DOTUSDTshort | +0.0289% | 8h | 1.2190 | +0.212% | $2.3M | $2.1M | 50x | |
| GMX DOT/USD [WBTC.b-USDC] | L +0.0305% / S −0.1025% | 1h | 1.2171 | +0.055% | $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]