Funding you earn now, next payment 04:00 UTC−0.0532%/8h= −58.3% APRpaid last 24h −0.076%
Price spread now: Coinbase International against Binance−0.227%53s7-day average +0.023% · you buy dearer than you sell
Net, funding: paid 7d − costs−$72as 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−$510.514% of the position
Funding, last 7 days−0.209%−$21 on $10k
+Price spread, last 4 days (all we have)+0.164%+$16 · spread now −0.227%, 7d avg +0.023%
=Both sides work against this trade now: funding costs −$16 a day on $10k at the current rate, and Coinbase International is 0.250% cheaper against Binance than usual: you would sell low and buy high (−$25 if the spread goes back to its 7-day average of +0.023%). Swap the legs. The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.209% in total (about -10.9% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance DOTUSDT | 1.1987 | 0.0100 | pay 0.0100% / 8h | 3h 53m | $44.2M | $84.9M | 75x |
| Short | Coinbase International DOT-PERP-INTX | 1.1960 | −0.0432 | pay 0.0054% / 1h | 53m 26s | $197K | $1.9M | 50x |
Binance DOTUSDT
Coinbase International DOT-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against Binance. 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
- −$111.72
- Price spread: −0.227% → +0.023%
- −$24.96
- Slippage, 4 orders
- −$31.42
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$188.11
- Costs to cover
- 0.514%
- Break-even
- never at this rate
Slippage from Binance: live order book, 4 min ago; Coinbase International: 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 Binance live order book, 4 min ago | 0.42 bp | 9.8 bp −$10 | 16.2 bp −$162 | 55.6 bp −$5,561 | doesn't fit |
| Sell Coinbase International live order book, 5 min ago | 4.21 bp | 17.4 bp −$17 | 22.3 bp −$223 | doesn't fit | 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 | −0.1918% | 1h | 1.1963 | −0.202% | $227K | $121K | 50x | as long as short |
| Coinbase International DOT-PERP-INTXshort | −0.0432% | 1h | 1.1960 | −0.227% | $197K | $1.9M | 50x | |
| Reya DOTRUSDPERP | −0.0166% | 1h | 1.1984 | −0.026% | $259 | — | — | as long as short |
| dYdX DOT-USD | 0.0000% | 1h | 1.1973 | −0.119% | $144K | $6K | 10x | as long as short |
| gTrade (Gains Network) DOT/USD | L 0.0000% / S +0.0004% | 1h | 1.1992 | +0.038% | $3K | — | 150x | as long as short |
| Injective DOT/USDC PERP | +0.0033% | 1h | 1.2020 | +0.274% | $328 | $121K | 12x | as long as short |
| Kraken Futures PF_DOTUSD | +0.0057% | 1h | 1.1954 | −0.280% | $4.5M | $1.4M | 50x | as long as short |
| Lighter DOT | +0.0096% | 1h | 1.1972 | −0.124% | $271K | $626K | 10x | as long as short |
| Hyperliquid DOT | +0.0100% | 1h | 1.1990 | +0.023% | $5.4M | $3.3M | 10x | as long as short |
| Aster DOTUSDT | +0.0100% | 8h | 1.1976 | −0.091% | $854K | $595K | 50x | as long as short |
Deribit DOT_USDC-PERPETUAL
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 DOTUSDTlong | +0.0100% | 8h | 1.1987 | long leg | $44.2M | $84.9M | 75x | |
| Bybit DOTUSDT | +0.0100% | 8h | 1.1994 | +0.057% | $24.6M | $18.8M | 75x | as long as short |
| OKX DOT-USDT-SWAP | +0.0100% | 8h | 1.1995 | +0.065% | $9.5M | $24.6M | 50x | as long as short |
| Gate DOT_USDT | +0.0100% | 8h | 1.1980 | −0.060% | $6.7M | $11.9M | 75x | as long as short |
| MEXC DOT_USDT | +0.0100% | 8h | 1.1988 | +0.007% | $31.9M | $53.8M | 300x | as long as short |
| KuCoin DOTUSDTM | +0.0100% | 8h | 1.1990 | +0.023% | $6.5M | $9.2M | 75x | as long as short |
| Bitget DOTUSDT | +0.0100% | 8h | 1.1980 | −0.060% | $22.9M | $14.6M | 75x | as long as short |
| BingX DOT-USDC | +0.0100% | 8h | 1.1987 | −0.002% | — | $1.3M | — | as long as short |
| Backpack DOT_USDC_PERP | +0.0100% | 1h | 1.1950 | −0.310% | $93K | $130K | 10x | as long as short |
| Variational Omni DOT | +0.0100% | 8h | 1.1903 | −0.703% | $542K | $58K | — | as long as short |
| edgeX DOTUSDC | +0.0100% | 4h | 1.1936 | −0.425% | $35K | $334K | 20x | as long as short |
| GRVT DOT_USDT_Perp | +0.0100% | 8h | 1.1895 | −0.773% | $236K | $407K | 10x | as long as short |
| Orderly PERP_DOT_USDC | +0.0100% | 8h | 1.1990 | +0.023% | $8K | $21K | 10x | as long as short |
| SunX DOT-USDT | +0.0100% | 8h | 1.1967 | −0.169% | $2K | $1.3M | 20x | as long as short |
| HTX DOT-USDT | +0.0100% | 8h | 1.1972 | −0.127% | $260K | $248K | 75x | as long as short |
| Extended DOT-USD | +0.0104% | 1h | 1.1991 | +0.033% | $14K | $305K | 25x | as long as short |
| Phemex DOTUSDT | +0.0112% | 8h | 1.1970 | −0.144% | $2.4M | $2.2M | 50x | as long as short |
| BloFin DOT-USDT | +0.0220% | 8h | 1.1965 | −0.185% | $2.2M | $903K | 75x | as long as short |
| GMX DOT/USD [WBTC.b-USDC] | L +0.0303% / S −0.1012% | 1h | 1.1991 | +0.034% | $22K | — | 100x | as long as short |
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
Phemex DOTUSDT
BloFin DOT-USDT
GMX DOT/USD [WBTC.b-USDC]