Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.087%
Price spread now: Phemex against Backpack+0.205%7-day average +0.164% · you sell dearer than you buy
Net, funding: paid 7d − costs+$19as in the Funding arb table
Net, price: spread back to 7d avg − costs−$50as in the Price arb table
costs, in and out, $10k−$540.545% of the position
Funding, last 7 days+0.737%+$74 on $10k
+Price spread, last 4 days (all we have)−0.046%−$5 · spread now +0.205%, 7d avg +0.164%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.041% dearer against Backpack than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.164%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack DOT_USDC_PERP | 1.1716 | 0.0100 | pay 0.0013% / 1h | 16m 55s | $91K | $130K | 10x |
| Short | Phemex DOTUSDT | 1.1740 | 0.0100 | get 0.0100% / 8h | 2h 16m | $2.4M | $2.2M | 50x |
Backpack DOT_USDC_PERP
Phemex DOTUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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: +0.205% → +0.164%
- $4.12
- Slippage, 4 orders
- −$32.5
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$50.37
- Costs to cover
- 0.545%
- Break-even
- never at this rate
Slippage from Backpack: live order book, 31 min ago; Phemex: live order book, 2 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, 31 min ago | 0.43 bp | 6.2 bp −$6 | doesn't fit | doesn't fit | doesn't fit |
| Sell Phemex live order book, 2 min ago | 4.25 bp | 24.3 bp −$24 | 52.2 bp −$522 | 111.2 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 | −0.2895% | 1h | 1.1727 | +0.094% | $236K | $136K | 50x | as long as short |
| Coinbase International DOT-PERP-INTX | −0.0864% | 1h | 1.1720 | +0.034% | $170K | $2.0M | 50x | as long as short |
| Reya DOTRUSDPERP | −0.0166% | 1h | 1.1716 | +0.001% | $254 | — | — | as long as short |
| dYdX DOT-USD | 0.0000% | 1h | 1.1718 | +0.014% | $141K | $6K | 10x | as long as short |
| gTrade (Gains Network) DOT/USD | L 0.0000% / S +0.0004% | 1h | 1.1719 | +0.026% | $3K | — | 150x | as long as short |
| Injective DOT/USDC PERP | +0.0033% | 1h | 1.2020 | +2.595% | $328 | $121K | 12x | as long as short |
| Kraken Futures PF_DOTUSD | +0.0092% | 1h | 1.1728 | +0.099% | $4.4M | $1.4M | 50x | as long as short |
| Lighter DOT | +0.0096% | 1h | 1.1722 | +0.051% | $252K | $666K | 10x | as long as short |
| Hyperliquid DOT | +0.0100% | 1h | 1.1717 | +0.009% | $5.2M | $3.5M | 10x | as long as short |
| Aster DOTUSDT | +0.0100% | 8h | 1.1695 | −0.177% | $838K | $602K | 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
Kraken Futures PF_DOTUSD
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 | 1.1712 | −0.032% | $42.7M | $87.6M | 75x | as long as short |
| Bybit DOTUSDT | +0.0100% | 8h | 1.1709 | −0.060% | $23.7M | $19.9M | 75x | as long as short |
| OKX DOT-USDT-SWAP | +0.0100% | 8h | 1.1714 | −0.017% | $9.2M | $25.3M | 50x | as long as short |
| Gate DOT_USDT | +0.0100% | 8h | 1.1710 | −0.051% | $6.7M | $12.6M | 75x | as long as short |
| MEXC DOT_USDT | +0.0100% | 8h | 1.1710 | −0.051% | $30.2M | $58.5M | 300x | as long as short |
| KuCoin DOTUSDTM | +0.0100% | 8h | 1.1716 | 0.000% | $6.2M | $9.4M | 75x | as long as short |
| Bitget DOTUSDT | +0.0100% | 8h | 1.1710 | −0.051% | $22.4M | $14.8M | 75x | as long as short |
| BingX DOT-USDT | +0.0100% | 8h | 1.1712 | −0.034% | — | $29.8M | — | as long as short |
| Backpack DOT_USDC_PERPlong | +0.0100% | 1h | 1.1716 | long leg | $91K | $130K | 10x | |
| Variational Omni DOT | +0.0100% | 8h | 1.1690 | −0.218% | $532K | $51K | — | as long as short |
| edgeX DOTUSDC | +0.0100% | 4h | 1.1697 | −0.161% | $34K | $336K | 20x | as long as short |
| GRVT DOT_USDT_Perp | +0.0100% | 8h | 1.1730 | +0.119% | $225K | $419K | 10x | as long as short |
| Orderly PERP_DOT_USDC | +0.0100% | 8h | 1.1720 | +0.034% | $8K | $19K | 10x | as long as short |
| SunX DOT-USDT | +0.0100% | 8h | 1.1740 | +0.205% | $2K | $1.3M | 20x | as long as short |
| HTX DOT-USDT | +0.0100% | 8h | 1.1730 | +0.119% | $265K | $276K | 75x | as long as short |
| Phemex DOTUSDTshort | +0.0100% | 8h | 1.1740 | +0.205% | $2.4M | $2.2M | 50x | |
| Extended DOT-USD | +0.0104% | 1h | 1.1703 | −0.110% | $13K | $245K | 25x | as long as short |
| BloFin DOT-USDT | +0.0220% | 8h | 1.1720 | +0.034% | $2.1M | $910K | 75x | as long as short |
| GMX DOT/USD [WBTC.b-USDC] | L +0.0291% / S −0.0937% | 1h | 1.1719 | +0.023% | $20K | — | 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-USDT
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]