Funding you earn now, next payment 08:00 UTC+0.0206%/8h= +22.5% APRnext payment +$2.06 per $10,000 · paid last 24h +0.087%
Price spread now: Phemex against SunX−0.276%56s7-day average +0.056% · you buy dearer than you sell
Net, funding: paid 7d − costs−$91as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1571.572% of the position
Funding, last 7 days+0.662%+$66 on $10k
+Price spread, last 4 days (all we have)+0.355%+$35 · spread now −0.276%, 7d avg +0.056%
=Funding pays, the price is against you. Phemex is 0.332% cheaper against SunX than usual: you would sell low and buy high (spread −0.276% now, against its 7-day average of +0.056%). If the spread goes back, that is −$33 on $10k: about 5.4 days of funding at the current rate (+$6 a day). The two prices were read 56 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SunX DOT-USDT | 1.1973 | 0.0100 | pay 0.0100% / 8h | 5h 43m | $2K | $1.3M | 20x |
| Short | Phemex DOTUSDT | 1.1940 | 0.0306 | get 0.0306% / 8h | 5h 43m | $2.3M | $2.2M | 50x |
SunX DOT-USDT
Phemex DOTUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against SunX. 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
- $43.22
- Price spread: −0.276% → +0.056%
- −$33.19
- Slippage, 4 orders
- −$137.19
- Fee SunX: 4 bp × 2 orders
- −$8
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$147.17
- Costs to cover
- 1.572%
- Break-even
- 30.8 days
Slippage from SunX: live order book, 11 min ago; Phemex: 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 SunX live order book, 11 min ago | 30.07 bp | 47.9 bp −$48 | doesn't fit | doesn't fit | doesn't fit |
| Sell Phemex live order book, 5 min ago | 8.38 bp | 17.6 bp −$18 | 40.4 bp −$404 | 110.7 bp −$11.1K | 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 | −0.1666% | 1h | 1.1979 | +0.050% | $228K | $116K | 50x | as long as short |
| Coinbase International DOT-PERP-INTX | −0.0376% | 1h | 1.1920 | −0.443% | $196K | $2.0M | 50x | as long as short |
| Reya DOTRUSDPERP | −0.0166% | 1h | 1.1956 | −0.140% | $259 | — | — | as long as short |
| dYdX DOT-USD | 0.0000% | 1h | 1.1944 | −0.243% | $144K | $6K | 10x | as long as short |
| gTrade (Gains Network) DOT/USD | L 0.0000% / S +0.0004% | 1h | 1.1964 | −0.075% | $3K | — | 150x | as long as short |
| Injective DOT/USDC PERP | +0.0033% | 1h | 1.2020 | +0.393% | $328 | $121K | 12x | as long as short |
| OKX DOT-USDT-SWAP | +0.0080% | 8h | 1.1968 | −0.042% | $9.3M | $24.2M | 50x | as long as short |
| Lighter DOT | +0.0096% | 1h | 1.1950 | −0.188% | $271K | $630K | 10x | as long as short |
| Hyperliquid DOT | +0.0100% | 1h | 1.1960 | −0.109% | $5.4M | $3.5M | 10x | as long as short |
| Aster DOTUSDT | +0.0100% | 8h | 1.1942 | −0.260% | $864K | $705K | 50x | 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
OKX DOT-USDT-SWAP
Lighter DOT
Hyperliquid DOT
Aster DOTUSDTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance DOTUSDT | +0.0100% | 8h | 1.1960 | −0.109% | $44.1M | $84.8M | 75x | as long as short |
| Bybit DOTUSDT | +0.0100% | 8h | 1.1966 | −0.058% | $24.6M | $18.9M | 75x | as long as short |
| Gate DOT_USDT | +0.0100% | 8h | 1.1960 | −0.109% | $6.8M | $11.7M | 75x | as long as short |
| MEXC DOT_USDT | +0.0100% | 8h | 1.1960 | −0.109% | $29.6M | $48.3M | 300x | as long as short |
| KuCoin DOTUSDTM | +0.0100% | 8h | 1.1954 | −0.159% | $6.4M | $9.2M | 75x | as long as short |
| Bitget DOTUSDT | +0.0100% | 8h | 1.1964 | −0.075% | $22.8M | $14.7M | 75x | as long as short |
| BingX DOT-USDC | +0.0100% | 8h | 1.1959 | −0.117% | — | $1.3M | — | as long as short |
| Backpack DOT_USDC_PERP | +0.0100% | 1h | 1.1928 | −0.376% | $93K | $126K | 10x | as long as short |
| Variational Omni DOT | +0.0100% | 8h | 1.1920 | −0.443% | $541K | $58K | — | as long as short |
| edgeX DOTUSDC | +0.0100% | 4h | 1.1925 | −0.398% | $35K | $336K | 20x | as long as short |
| GRVT DOT_USDT_Perp | +0.0100% | 8h | 1.1901 | −0.601% | $231K | $431K | 10x | as long as short |
| Orderly PERP_DOT_USDC | +0.0100% | 8h | 1.1970 | −0.025% | $8K | $23K | 10x | as long as short |
| SunX DOT-USDTlong | +0.0100% | 8h | 1.1973 | long leg | $2K | $1.3M | 20x | |
| HTX DOT-USDT | +0.0100% | 8h | 1.1909 | −0.535% | $259K | $241K | 75x | as long as short |
| Extended DOT-USD | +0.0104% | 1h | 1.1966 | −0.060% | $17K | $303K | 25x | as long as short |
| BloFin DOT-USDT | +0.0220% | 8h | 1.1937 | −0.301% | — | $856K | 75x | as long as short |
| GMX DOT/USD [WBTC.b-USDC] | L +0.0303% / S −0.1012% | 1h | 1.1962 | −0.090% | $22K | — | 100x | as long as short |
| Phemex DOTUSDTshort | +0.0306% | 8h | 1.1940 | −0.276% | $2.3M | $2.2M | 50x | |
| Kraken Futures PF_DOTUSD | +0.0409% | 1h | 1.1980 | +0.058% | $4.5M | $1.5M | 50x | as long as short |
Binance DOTUSDT
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
HTX DOT-USDT
Extended DOT-USD
BloFin DOT-USDT
GMX DOT/USD [WBTC.b-USDC]
Kraken Futures PF_DOTUSD