Funding you earn now, next payment 08:00 UTC+0.0010%/8h= +1.1% APRnext payment +$0.10 per $10,000 · paid last 24h +0.095%
Price spread now: Phemex against Aster−0.085%7-day average +0.180% · you buy dearer than you sell
Net, funding: paid 7d − costs−$5as in the Funding arb table
Net, price: spread back to 7d avg − costs−$105as in the Price arb table
costs, in and out, $10k−$780.785% of the position
Funding, last 7 days+0.731%+$73 on $10k
+Price spread, last 4 days (all we have)+0.214%+$21 · spread now −0.085%, 7d avg +0.180%
=Together, before fees+0.945%+ Points / potential airdropAster: Stage 5 · farm board+$94 on $10k · with fees, hour by hour
Funding pays, the price is against you. Phemex is 0.265% cheaper against Aster than usual: you would sell low and buy high (spread −0.085% now, against its 7-day average of +0.180%). If the spread goes back, that is −$27 on $10k: about 3 months of funding at the current rate ($0 a day). At the pace of the last 7 days (+0.731% in total) that is about 2.5 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aster DOTUSDT | 1.1790 | 0.0100 | pay 0.0100% / 8h | 3h 02m | $840K | $593K | 50x |
| Short | Phemex DOTUSDT | 1.1780 | 0.0110 | get 0.0110% / 8h | 3h 02m | $2.4M | $2.2M | 50x |
Aster DOTUSDT
Phemex DOTUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against Aster. 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
- $2.19
- Price spread: −0.085% → +0.180%
- −$26.51
- Slippage, 4 orders
- −$58.47
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$102.8
- Costs to cover
- 0.785%
- Break-even
- 335.8 days
Slippage from Aster: live order book, 50 min ago; Phemex: live order book, 6 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 Aster live order book, 50 min ago | 8.34 bp | 19.3 bp −$19 | 72.7 bp −$727 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 6 min ago | 4.22 bp | 28.3 bp −$28 | 47.3 bp −$473 | 97.9 bp −$9,785 | 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 | −0.2964% | 1h | 1.1786 | −0.034% | $234K | $131K | 50x | as long as short |
| Coinbase International DOT-PERP-INTX | −0.0432% | 1h | 1.1810 | +0.170% | $195K | $1.9M | 50x | as long as short |
| Reya DOTRUSDPERP | −0.0166% | 1h | 1.1788 | −0.018% | $255 | — | — | as long as short |
| dYdX DOT-USD | 0.0000% | 1h | 1.1799 | +0.075% | $142K | $6K | 10x | as long as short |
| gTrade (Gains Network) DOT/USD | L 0.0000% / S +0.0004% | 1h | 1.1788 | −0.015% | $3K | — | 150x | as long as short |
| Injective DOT/USDC PERP | +0.0033% | 1h | 1.2020 | +1.951% | $328 | $121K | 12x | as long as short |
| Kraken Futures PF_DOTUSD | +0.0058% | 1h | 1.1783 | −0.058% | $4.4M | $1.4M | 50x | as long as short |
| Lighter DOT | +0.0096% | 1h | 1.1778 | −0.104% | $259K | $644K | 10x | as long as short |
| Hyperliquid DOT | +0.0100% | 1h | 1.1772 | −0.153% | $5.2M | $3.4M | 10x | as long as short |
| Aster DOTUSDTlong | +0.0100% | 8h | 1.1790 | long leg | $840K | $593K | 50x |
Deribit DOT_USDC-PERPETUAL
Coinbase International DOT-PERP-INTX
Reya DOTRUSDPERP
dYdX DOT-USD
gTrade (Gains Network) DOT/USD
Injective DOT/USDC PERP
Kraken Futures PF_DOTUSD
Lighter DOT
Hyperliquid DOTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance DOTUSDT | +0.0100% | 8h | 1.1775 | −0.129% | $43.2M | $85.2M | 75x | as long as short |
| Bybit DOTUSDT | +0.0100% | 8h | 1.1773 | −0.144% | $24.1M | $18.9M | 75x | as long as short |
| OKX DOT-USDT-SWAP | +0.0100% | 8h | 1.1771 | −0.161% | $9.3M | $24.3M | 50x | as long as short |
| Gate DOT_USDT | +0.0100% | 8h | 1.1770 | −0.170% | $6.6M | $12.0M | 75x | as long as short |
| MEXC DOT_USDT | +0.0100% | 8h | 1.1778 | −0.102% | $25.4M | $56.2M | 300x | as long as short |
| KuCoin DOTUSDTM | +0.0100% | 8h | 1.1778 | −0.102% | $6.3M | $9.2M | 75x | as long as short |
| Bitget DOTUSDT | +0.0100% | 8h | 1.1770 | −0.170% | $22.4M | $14.6M | 75x | as long as short |
| BingX DOT-USDC | +0.0100% | 8h | 1.1867 | +0.653% | — | $1.3M | — | as long as short |
| Backpack DOT_USDC_PERP | +0.0100% | 1h | 1.1774 | −0.136% | $91K | $130K | 10x | as long as short |
| Variational Omni DOT | +0.0100% | 8h | 1.1810 | +0.173% | $537K | $52K | — | as long as short |
| edgeX DOTUSDC | +0.0100% | 4h | 1.1810 | +0.173% | $35K | $336K | 20x | as long as short |
| GRVT DOT_USDT_Perp | +0.0100% | 8h | 1.1813 | +0.199% | $234K | $432K | 10x | as long as short |
| Orderly PERP_DOT_USDC | +0.0100% | 8h | 1.1780 | −0.085% | $8K | $19K | 10x | as long as short |
| SunX DOT-USDT | +0.0100% | 8h | 1.1799 | +0.076% | $2K | $1.3M | 20x | as long as short |
| HTX DOT-USDT | +0.0100% | 8h | 1.1789 | −0.008% | $261K | $262K | 75x | as long as short |
| Extended DOT-USD | +0.0104% | 1h | 1.1771 | −0.164% | $15K | $238K | 25x | as long as short |
| Phemex DOTUSDTshort | +0.0110% | 8h | 1.1780 | −0.085% | $2.4M | $2.2M | 50x | |
| BloFin DOT-USDT | +0.0220% | 8h | 1.1798 | +0.068% | $2.2M | $880K | 75x | as long as short |
| GMX DOT/USD [WBTC.b-USDC] | L +0.0301% / S −0.1012% | 1h | 1.1789 | −0.005% | $22K | — | 100x | as long as short |
Binance DOTUSDT
Bybit DOTUSDT
OKX DOT-USDT-SWAP
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
BloFin DOT-USDT
GMX DOT/USD [WBTC.b-USDC]