Funding you earn now, next payment 00:00 UTC+0.0199%/8h= +21.8% APRnext payment +$1.99 per $10,000 · paid last 24h +0.145%
Price spread now: Phemex against Binance+0.066%7-day average +0.182% · you sell dearer than you buy
Net, funding: paid 7d − costs+$23as in the Funding arb table
Net, price: spread back to 7d avg − costs−$69as in the Price arb table
costs, in and out, $10k−$570.574% of the position
Funding, last 7 days+0.809%+$81 on $10k
+Price spread, last 3 days (all we have)+0.089%+$9 · spread now +0.066%, 7d avg +0.182%
=Funding pays, the price is against you. Phemex is 0.117% cheaper against Binance than usual: you would sell low and buy high (spread +0.066% now, against its 7-day average of +0.182%). If the spread goes back, that is −$12 on $10k: about 47 hours of funding at the current rate (+$6 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance DOTUSDT | 1.2082 | 0.0100 | pay 0.0100% / 8h | 1h 19m | $44.5M | $81.4M | 75x |
| Short | Phemex DOTUSDT | 1.2090 | 0.0299 | get 0.0299% / 8h | 1h 19m | $2.2M | $2.1M | 50x |
Binance DOTUSDT
Phemex DOTUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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
- $41.87
- Price spread: +0.066% → +0.182%
- −$11.65
- Slippage, 4 orders
- −$35.39
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$27.17
- Costs to cover
- 0.574%
- Break-even
- 11.5 days
Slippage from Binance: live order book, 8 min ago; Phemex: live order book, 4 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, 8 min ago | 0.41 bp | 8.9 bp −$9 | 14.9 bp −$149 | 54.4 bp −$5,439 | doesn't fit |
| Sell Phemex live order book, 4 min ago | 4.13 bp | 21.3 bp −$21 | 55.0 bp −$550 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Reya DOTRUSDPERP | −0.0166% | 1h | 1.2065 | −0.137% | $261 | — | — | as long as short |
| Coinbase International DOT-PERP-INTX | −0.0128% | 1h | 1.2090 | +0.066% | $185K | $1.9M | 50x | as long as short |
| Kraken Futures PF_DOTUSD | −0.0053% | 1h | 1.2080 | −0.020% | $4.5M | $1.4M | 50x | as long as short |
| Injective DOT/USDC PERP | −0.0040% | 1h | 1.2020 | −0.513% | $328 | $121K | 12x | as long as short |
| OKX DOT-USDT-SWAP | −0.0017% | 8h | 1.2075 | −0.058% | $9.6M | $23.8M | 50x | as long as short |
| dYdX DOT-USD | 0.0000% | 1h | 1.2086 | +0.035% | $146K | $6K | 10x | as long as short |
| Deribit DOT_USDC-PERPETUAL | 0.0000% | 1h | 1.2078 | −0.033% | $221K | $117K | 50x | as long as short |
| gTrade (Gains Network) DOT/USD | L 0.0000% / S +0.0004% | 1h | 1.2075 | −0.058% | $5K | — | 150x | as long as short |
| KuCoin DOTUSDTM | +0.0031% | 8h | 1.2082 | 0.000% | $6.8M | $8.7M | 75x | as long as short |
| Lighter DOT | +0.0096% | 1h | 1.2081 | −0.012% | $246K | $602K | 10x | as long as short |
Reya DOTRUSDPERP
Coinbase International DOT-PERP-INTX
Kraken Futures PF_DOTUSD
Injective DOT/USDC PERP
OKX DOT-USDT-SWAP
dYdX DOT-USD
Deribit DOT_USDC-PERPETUAL
gTrade (Gains Network) DOT/USD
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 | 1.2090 | +0.066% | $5.3M | $3.3M | 10x | as long as short |
| Aster DOTUSDT | +0.0100% | 8h | 1.2086 | +0.029% | $899K | $674K | 50x | as long as short |
| Binance DOTUSDTlong | +0.0100% | 8h | 1.2082 | long leg | $44.5M | $81.4M | 75x | |
| Bybit DOTUSDT | +0.0100% | 8h | 1.2076 | −0.050% | $24.8M | $18.3M | 75x | as long as short |
| Gate DOT_USDT | +0.0100% | 8h | 1.2080 | −0.017% | $6.9M | $11.6M | 75x | as long as short |
| MEXC DOT_USDT | +0.0100% | 8h | 1.2083 | +0.008% | $28.5M | $37.6M | 300x | as long as short |
| Bitget DOTUSDT | +0.0100% | 8h | 1.2080 | −0.017% | $23.2M | $14.3M | 75x | as long as short |
| BingX DOT-USDT | +0.0100% | 8h | 1.2084 | +0.016% | — | $28.5M | — | as long as short |
| Backpack DOT_USDC_PERP | +0.0100% | 1h | 1.2078 | −0.033% | $96K | $129K | 10x | as long as short |
| Variational Omni DOT | +0.0100% | 8h | 1.2066 | −0.133% | $550K | $63K | — | as long as short |
| edgeX DOTUSDC | +0.0100% | 4h | 1.2051 | −0.257% | $35K | $332K | 20x | as long as short |
| GRVT DOT_USDT_Perp | +0.0100% | 8h | 1.2050 | −0.266% | $233K | $456K | 10x | as long as short |
| Orderly PERP_DOT_USDC | +0.0100% | 8h | 1.2070 | −0.100% | $8K | $24K | 10x | as long as short |
| SunX DOT-USDT | +0.0100% | 8h | 1.2091 | +0.074% | $2K | $1.3M | 20x | as long as short |
| HTX DOT-USDT | +0.0100% | 8h | 1.2093 | +0.091% | $249K | $219K | 75x | as long as short |
| Extended DOT-USD | +0.0104% | 1h | 1.2082 | +0.003% | $15K | $235K | 25x | as long as short |
| BloFin DOT-USDT | +0.0220% | 8h | 1.2082 | 0.000% | $2.2M | $771K | 75x | as long as short |
| Phemex DOTUSDTshort | +0.0299% | 8h | 1.2090 | +0.066% | $2.2M | $2.1M | 50x | |
| GMX DOT/USD [WBTC.b-USDC] | L +0.0304% / S −0.1025% | 1h | 1.2074 | −0.070% | $23K | — | 100x | as long as short |
Hyperliquid DOT
Aster DOTUSDT
Bybit DOTUSDT
Gate DOT_USDT
MEXC DOT_USDT
Bitget DOTUSDT
BingX DOT-USDT
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
GMX DOT/USD [WBTC.b-USDC]