Funding you earn now, next payment 04:00 UTC−0.0067%/8h= −7.3% APRnext payment −$0.08 per $10,000 · paid last 24h −0.023%
Price spread now: Injective against Backpack+1.529%7-day average +0.573% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.053%−$5 on $10k
+Price spread, last 4 days (all we have)−1.427%−$143 · spread now +1.529%, 7d avg +0.573%
=The price spread pays, funding is against you. Injective is 0.956% dearer against Backpack than usual: you sell high and buy low (spread +1.529% now, against its 7-day average of +0.573%): +$96 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 48 days. At the pace of the last 7 days (−0.053% in total) that is about 4 months.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack DOT_USDC_PERP | 1.1839 | 0.0100 | pay 0.0013% / 1h | 50m 40s | $92K | $129K | 10x |
| Short | Injective DOT/USDC PERP | 1.2020 | 0.0033 | get 0.0004% / 1h | 50m 40s | $328 | $121K | 12x |
Backpack DOT_USDC_PERP
Injective DOT/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- −$14
- Price spread: +1.529% → +0.573%
- $95.62
- Slippage, 4 orders
- no order book: not counted
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $71.6
- Costs to cover
- 0.100%
- Break-even
- from the start
Slippage unknown: Backpack: live order book, 7 min ago; Injective: no order-book sample. 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 Backpack live order book, 7 min ago | 0.42 bp | 6.8 bp −$7 | doesn't fit | doesn't fit | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
Injective: 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit DOT_USDC-PERPETUAL | −0.2276% | 1h | 1.1847 | +0.068% | $226K | $114K | 50x | as long as short |
| Coinbase International DOT-PERP-INTX | −0.0608% | 1h | 1.1880 | +0.346% | $195K | $1.9M | 50x | as long as short |
| Reya DOTRUSDPERP | −0.0166% | 1h | 1.1837 | −0.020% | $256 | — | — | as long as short |
| dYdX DOT-USD | 0.0000% | 1h | 1.1834 | −0.042% | $142K | $6K | 10x | as long as short |
| gTrade (Gains Network) DOT/USD | L 0.0000% / S +0.0004% | 1h | 1.1841 | +0.017% | $3K | — | 150x | as long as short |
| Injective DOT/USDC PERPshort | +0.0033% | 1h | 1.2020 | +1.529% | $328 | $121K | 12x | |
| Lighter DOT | +0.0096% | 1h | 1.1832 | −0.057% | $267K | $632K | 10x | as long as short |
| OKX DOT-USDT-SWAP | +0.0098% | 8h | 1.1825 | −0.118% | $9.4M | $24.1M | 50x | as long as short |
| Hyperliquid DOT | +0.0100% | 1h | 1.1848 | +0.076% | $5.3M | $3.4M | 10x | as long as short |
| Aster DOTUSDT | +0.0100% | 8h | 1.1860 | +0.177% | $856K | $581K | 50x | as long as short |
Deribit DOT_USDC-PERPETUAL
Coinbase International DOT-PERP-INTX
Reya DOTRUSDPERP
dYdX DOT-USD
gTrade (Gains Network) DOT/USD
Lighter DOT
OKX DOT-USDT-SWAP
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 | 1.1831 | −0.068% | $43.5M | $85.0M | 75x | as long as short |
| Bybit DOTUSDT | +0.0100% | 8h | 1.1827 | −0.101% | $24.3M | $18.9M | 75x | as long as short |
| Gate DOT_USDT | +0.0100% | 8h | 1.1830 | −0.076% | $6.7M | $11.7M | 75x | as long as short |
| MEXC DOT_USDT | +0.0100% | 8h | 1.1835 | −0.034% | $36.0M | $51.0M | 300x | as long as short |
| KuCoin DOTUSDTM | +0.0100% | 8h | 1.1830 | −0.076% | $6.5M | $9.1M | 75x | as long as short |
| Bitget DOTUSDT | +0.0100% | 8h | 1.1822 | −0.144% | $22.6M | $14.8M | 75x | as long as short |
| BingX DOT-USDT | +0.0100% | 8h | 1.1828 | −0.093% | — | $29.7M | — | as long as short |
| Backpack DOT_USDC_PERPlong | +0.0100% | 1h | 1.1839 | long leg | $92K | $129K | 10x | |
| Variational Omni DOT | +0.0100% | 8h | 1.1834 | −0.039% | $539K | $58K | — | as long as short |
| edgeX DOTUSDC | +0.0100% | 4h | 1.1867 | +0.237% | $35K | $334K | 20x | as long as short |
| GRVT DOT_USDT_Perp | +0.0100% | 8h | 1.1868 | +0.245% | $226K | $407K | 10x | as long as short |
| Orderly PERP_DOT_USDC | +0.0100% | 8h | 1.1840 | +0.008% | $8K | $24K | 10x | as long as short |
| SunX DOT-USDT | +0.0100% | 8h | 1.1859 | +0.169% | $2K | $1.3M | 20x | as long as short |
| HTX DOT-USDT | +0.0100% | 8h | 1.1848 | +0.076% | $258K | $242K | 75x | as long as short |
| Extended DOT-USD | +0.0104% | 1h | 1.1821 | −0.153% | $14K | $303K | 25x | as long as short |
| Kraken Futures PF_DOTUSD | +0.0214% | 1h | 1.1844 | +0.041% | $4.4M | $1.5M | 50x | as long as short |
| Phemex DOTUSDT | +0.0217% | 8h | 1.1860 | +0.177% | $2.3M | $2.2M | 50x | as long as short |
| BloFin DOT-USDT | +0.0220% | 8h | 1.1837 | −0.017% | $2.2M | $877K | 75x | as long as short |
| GMX DOT/USD [WBTC.b-USDC] | L +0.0301% / S −0.1012% | 1h | 1.1842 | +0.028% | $22K | — | 100x | as long as short |
Binance DOTUSDT
Bybit DOTUSDT
Gate DOT_USDT
MEXC DOT_USDT
KuCoin DOTUSDTM
Bitget DOTUSDT
BingX DOT-USDT
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
Phemex DOTUSDT
BloFin DOT-USDT
GMX DOT/USD [WBTC.b-USDC]