Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.003%
Price spread now: Bybit against Backpack−0.066%7-day average −0.046% · you buy dearer than you sell
Net, funding: paid 7d − costs−$33as in the Funding arb table
Net, price: spread back to 7d avg − costs−$35as in the Price arb table
costs, in and out, $10k−$330.325% of the position
Funding, last 7 days−0.008%−$1 on $10k
+Price spread, last 4 days (all we have)+0.195%+$20 · spread now −0.066%, 7d avg −0.046%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.020% cheaper against Backpack than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of −0.046%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack DOT_USDC_PERP | 1.2036 | 0.0100 | pay 0.0013% / 1h | 7m 37s | $96K | $131K | 10x |
| Short | Bybit DOTUSDT | 1.2028 | 0.0100 | get 0.0100% / 8h | 7m 37s | $24.7M | $18.6M | 75x |
Backpack DOT_USDC_PERP
Bybit DOTUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Backpack. 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: −0.066% → −0.046%
- −$2.03
- Slippage, 4 orders
- −$11.5
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$34.53
- Costs to cover
- 0.325%
- Break-even
- never at this rate
Slippage from Backpack: live order book, 5 min ago; Bybit: live order book, 1 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 Backpack live order book, 5 min ago | 0.41 bp | 6.2 bp −$6 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 1 min ago | 0.42 bp | 10.4 bp −$10 | 21.7 bp −$217 | 65.8 bp −$6,581 | 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 | 1.2022 | −0.118% | $260 | — | — | as long as short |
| Coinbase International DOT-PERP-INTX | −0.0056% | 1h | 1.2040 | +0.033% | $206K | $1.8M | 50x | as long as short |
| dYdX DOT-USD | 0.0000% | 1h | 1.2038 | +0.017% | $145K | $6K | 10x | as long as short |
| Deribit DOT_USDC-PERPETUAL | 0.0000% | 1h | 1.2042 | +0.050% | $220K | $116K | 50x | as long as short |
| gTrade (Gains Network) DOT/USD | L 0.0000% / S +0.0004% | 1h | 1.2033 | −0.021% | $5K | — | 150x | as long as short |
| OKX DOT-USDT-SWAP | +0.0014% | 8h | 1.2026 | −0.083% | $9.5M | $24.1M | 50x | as long as short |
| Kraken Futures PF_DOTUSD | +0.0032% | 1h | 1.2040 | +0.030% | $4.5M | $1.4M | 50x | as long as short |
| Injective DOT/USDC PERP | +0.0033% | 1h | 1.2020 | −0.133% | $328 | $121K | 12x | as long as short |
| KuCoin DOTUSDTM | +0.0053% | 8h | 1.2027 | −0.075% | $6.8M | $8.9M | 75x | as long as short |
| Lighter DOT | +0.0096% | 1h | 1.2028 | −0.068% | $245K | $605K | 10x | as long as short |
Reya DOTRUSDPERP
Coinbase International DOT-PERP-INTX
dYdX DOT-USD
Deribit DOT_USDC-PERPETUAL
gTrade (Gains Network) DOT/USD
OKX DOT-USDT-SWAP
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 | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni DOT | +0.0099% | 8h | 1.2009 | −0.226% | $547K | $61K | — | as long as short |
| Hyperliquid DOT | +0.0100% | 1h | 1.2034 | −0.020% | $5.3M | $3.5M | 10x | as long as short |
| Aster DOTUSDT | +0.0100% | 8h | 1.2044 | +0.067% | $877K | $691K | 50x | as long as short |
| Binance DOTUSDT | +0.0100% | 8h | 1.2019 | −0.141% | $44.4M | $83.2M | 75x | as long as short |
| Bybit DOTUSDTshort | +0.0100% | 8h | 1.2028 | −0.066% | $24.7M | $18.6M | 75x | |
| Gate DOT_USDT | +0.0100% | 8h | 1.2030 | −0.050% | $6.8M | $11.8M | 75x | as long as short |
| MEXC DOT_USDT | +0.0100% | 8h | 1.2034 | −0.017% | $33.5M | $41.0M | 300x | as long as short |
| Bitget DOTUSDT | +0.0100% | 8h | 1.2030 | −0.050% | $23.0M | $14.8M | 75x | as long as short |
| BingX DOT-USDT | +0.0100% | 8h | 1.2029 | −0.058% | — | $28.6M | — | as long as short |
| Backpack DOT_USDC_PERPlong | +0.0100% | 1h | 1.2036 | long leg | $96K | $131K | 10x | |
| edgeX DOTUSDC | +0.0100% | 4h | 1.2034 | −0.019% | $35K | $333K | 20x | as long as short |
| GRVT DOT_USDT_Perp | +0.0100% | 8h | 1.2044 | +0.069% | $233K | $457K | 10x | as long as short |
| Orderly PERP_DOT_USDC | +0.0100% | 8h | 1.2030 | −0.050% | $8K | $23K | 10x | as long as short |
| SunX DOT-USDT | +0.0100% | 8h | 1.2048 | +0.100% | $2K | $1.3M | 20x | as long as short |
| HTX DOT-USDT | +0.0100% | 8h | 1.2047 | +0.091% | $249K | $220K | 75x | as long as short |
| Extended DOT-USD | +0.0104% | 1h | 1.2021 | −0.121% | $15K | $235K | 25x | as long as short |
| BloFin DOT-USDT | +0.0220% | 8h | 1.2033 | −0.025% | $2.3M | $786K | 75x | as long as short |
| Phemex DOTUSDT | +0.0288% | 8h | 1.2050 | +0.116% | $2.3M | $2.1M | 50x | as long as short |
| GMX DOT/USD [WBTC.b-USDC] | L +0.0302% / S −0.1012% | 1h | 1.2033 | −0.025% | $22K | — | 100x | as long as short |
Variational Omni DOT
Hyperliquid DOT
Aster DOTUSDT
Binance DOTUSDT
Gate DOT_USDT
MEXC DOT_USDT
Bitget DOTUSDT
BingX DOT-USDT
edgeX DOTUSDC
GRVT DOT_USDT_Perp
Orderly PERP_DOT_USDC
SunX DOT-USDT
HTX DOT-USDT
Extended DOT-USD
BloFin DOT-USDT
Phemex DOTUSDT
GMX DOT/USD [WBTC.b-USDC]