Funding you earn now, next payment 00:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h +0.004%
Price spread now: Injective against Binance−1.187%7-day average +0.604% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.023%+$2 on $10k
+Price spread, last 3 days (all we have)+1.330%+$133 · spread now −1.187%, 7d avg +0.604%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Injective is 1.791% cheaper against Binance than usual: you would sell low and buy high (−$179 if the spread goes back to its 7-day average of +0.604%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance DOTUSDT | 1.2164 | 0.0100 | pay 0.0100% / 8h | 49m 08s | $45.0M | $82.2M | 75x |
| Short | Injective DOT/USDC PERP | 1.2020 | 0.0033 | get 0.0004% / 1h | 49m 08s | $328 | $121K | 12x |
Binance DOTUSDT
Injective DOT/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- −$14
- Price spread: −1.187% → +0.604%
- −$179.1
- Slippage, 4 orders
- no order book: not counted
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$203.12
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: Binance: live order book, 8 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 Binance live order book, 8 min ago | 0.41 bp | 8.4 bp −$8 | 14.6 bp −$146 | 58.8 bp −$5,877 | 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 | −0.0817% | 1h | 1.2175 | +0.087% | $222K | $117K | 50x | as long as short |
| Reya DOTRUSDPERP | −0.0166% | 1h | 1.2164 | −0.006% | $263 | — | — | as long as short |
| Coinbase International DOT-PERP-INTX | −0.0056% | 1h | 1.2170 | +0.046% | $209K | $1.8M | 50x | as long as short |
| dYdX DOT-USD | 0.0000% | 1h | 1.2167 | +0.023% | $146K | $6K | 10x | as long as short |
| gTrade (Gains Network) DOT/USD | L 0.0000% / S +0.0004% | 1h | 1.2173 | +0.069% | $5K | — | 150x | as long as short |
| OKX DOT-USDT-SWAP | +0.0002% | 8h | 1.2166 | +0.013% | $9.6M | $24.3M | 50x | as long as short |
| Kraken Futures PF_DOTUSD | +0.0031% | 1h | 1.2173 | +0.066% | $4.5M | $1.4M | 50x | as long as short |
| Injective DOT/USDC PERPshort | +0.0033% | 1h | 1.2020 | −1.187% | $328 | $121K | 12x | |
| KuCoin DOTUSDTM | +0.0047% | 8h | 1.2162 | −0.020% | $6.8M | $8.8M | 75x | as long as short |
| Lighter DOT | +0.0096% | 1h | 1.2166 | +0.014% | $249K | $602K | 10x | as long as short |
Deribit DOT_USDC-PERPETUAL
Reya DOTRUSDPERP
Coinbase International DOT-PERP-INTX
dYdX DOT-USD
gTrade (Gains Network) DOT/USD
OKX DOT-USDT-SWAP
Kraken Futures PF_DOTUSD
KuCoin DOTUSDTM
Lighter DOTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid DOT | +0.0100% | 1h | 1.2169 | +0.037% | $5.4M | $3.4M | 10x | as long as short |
| Aster DOTUSDT | +0.0100% | 8h | 1.2163 | −0.012% | $886K | $689K | 50x | as long as short |
| Binance DOTUSDTlong | +0.0100% | 8h | 1.2164 | long leg | $45.0M | $82.2M | 75x | |
| Bybit DOTUSDT | +0.0100% | 8h | 1.2160 | −0.037% | $25.0M | $18.4M | 75x | as long as short |
| Gate DOT_USDT | +0.0100% | 8h | 1.2160 | −0.037% | $6.9M | $11.7M | 75x | as long as short |
| MEXC DOT_USDT | +0.0100% | 8h | 1.2165 | +0.005% | $30.9M | $39.0M | 300x | as long as short |
| Bitget DOTUSDT | +0.0100% | 8h | 1.2160 | −0.037% | $23.4M | $14.7M | 75x | as long as short |
| BingX DOT-USDC | +0.0100% | 8h | 1.2159 | −0.045% | — | $1.3M | — | as long as short |
| Backpack DOT_USDC_PERP | +0.0100% | 1h | 1.2164 | −0.004% | $97K | $128K | 10x | as long as short |
| Variational Omni DOT | +0.0100% | 8h | 1.2157 | −0.061% | $552K | $61K | — | as long as short |
| edgeX DOTUSDC | +0.0100% | 4h | 1.2156 | −0.067% | $36K | $333K | 20x | as long as short |
| GRVT DOT_USDT_Perp | +0.0100% | 8h | 1.2160 | −0.037% | $235K | $457K | 10x | as long as short |
| Orderly PERP_DOT_USDC | +0.0100% | 8h | 1.2160 | −0.037% | $8K | $24K | 10x | as long as short |
| SunX DOT-USDT | +0.0100% | 8h | 1.2186 | +0.177% | $2K | $1.3M | 20x | as long as short |
| HTX DOT-USDT | +0.0100% | 8h | 1.2148 | −0.135% | $251K | $220K | 75x | as long as short |
| Extended DOT-USD | +0.0104% | 1h | 1.2156 | −0.067% | $15K | $235K | 25x | as long as short |
| BloFin DOT-USDT | +0.0220% | 8h | 1.2167 | +0.021% | $2.3M | $793K | 75x | as long as short |
| Phemex DOTUSDT | +0.0294% | 8h | 1.2180 | +0.128% | $2.3M | $2.1M | 50x | as long as short |
| GMX DOT/USD [WBTC.b-USDC] | L +0.0305% / S −0.1025% | 1h | 1.2172 | +0.059% | $23K | — | 100x | as long as short |
Hyperliquid DOT
Aster DOTUSDT
Bybit DOTUSDT
Gate DOT_USDT
MEXC DOT_USDT
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
Phemex DOTUSDT
GMX DOT/USD [WBTC.b-USDC]