Funding you earn now, next payment 23:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.188%
Price spread now: Deribit against BingX+0.100%7-day average +0.073% · you sell dearer than you buy
Net, funding: paid 7d − costs−$132as in the Funding arb table
Net, price: spread back to 7d avg − costs−$41as in the Price arb table
costs, in and out, $10k−$440.435% of the position
Funding, last 7 days−0.889%−$89 on $10k
+Price spread, last 3 days (all we have)−0.123%−$12 · spread now +0.100%, 7d avg +0.073%
=The price spread pays, funding is against you. Deribit is 0.027% dearer against BingX than usual: you sell high and buy low (spread +0.100% now, against its 7-day average of +0.073%): +$3 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 22 hours. At the pace of the last 7 days (−0.889% in total) that is about 5 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX DOT-USDT | 1.2021 | 0.0100 | pay 0.0100% / 8h | 1h 31m | — | $28.5M | — |
| Short | Deribit DOT_USDC-PERPETUAL | 1.2033 | 0 | get 0.0000% / 1h | 31m 40s | $220K | $117K | 50x |
BingX DOT-USDT
Deribit DOT_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against BingX. 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
- −$21
- Price spread: +0.100% → +0.073%
- $2.73
- Slippage, 4 orders
- −$26.5
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$61.77
- Costs to cover
- 0.435%
- Break-even
- never at this rate
Slippage from BingX: live order book, 7 min ago; Deribit: live order book, 52 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 BingX live order book, 7 min ago | 0.42 bp | 5.4 bp −$5 | 9.9 bp −$99 | 25.6 bp −$2,561 | 131.6 bp −$65.8K |
| Sell Deribit live order book, 52 min ago | 9.54 bp | 13.0 bp −$13 | doesn't fit | 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 | 1.2008 | −0.110% | $260 | — | — | as long as short |
| Coinbase International DOT-PERP-INTX | −0.0128% | 1h | 1.2020 | −0.008% | $185K | $1.8M | 50x | as long as short |
| Kraken Futures PF_DOTUSD | −0.0053% | 1h | 1.2034 | +0.109% | $4.5M | $1.4M | 50x | as long as short |
| Injective DOT/USDC PERP | −0.0040% | 1h | 1.2020 | −0.008% | $328 | $121K | 12x | as long as short |
| OKX DOT-USDT-SWAP | −0.0024% | 8h | 1.2017 | −0.033% | $9.5M | $23.6M | 50x | as long as short |
| dYdX DOT-USD | 0.0000% | 1h | 1.2031 | +0.079% | $145K | $6K | 10x | as long as short |
| Deribit DOT_USDC-PERPETUALshort | 0.0000% | 1h | 1.2033 | +0.100% | $220K | $117K | 50x | |
| gTrade (Gains Network) DOT/USD | L 0.0000% / S +0.0004% | 1h | 1.2021 | 0.000% | $5K | — | 150x | as long as short |
| KuCoin DOTUSDTM | +0.0025% | 8h | 1.2028 | +0.058% | $6.8M | $8.6M | 75x | as long as short |
| MEXC DOT_USDT | +0.0085% | 8h | 1.2024 | +0.025% | $27.3M | $36.8M | 300x | 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
gTrade (Gains Network) DOT/USD
KuCoin DOTUSDTM
MEXC DOT_USDTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance DOTUSDT | +0.0088% | 8h | 1.2028 | +0.058% | $44.2M | $80.8M | 75x | as long as short |
| Extended DOT-USD | +0.0088% | 1h | 1.2014 | −0.061% | $15K | $235K | 25x | as long as short |
| Lighter DOT | +0.0096% | 1h | 1.2026 | +0.039% | $252K | $594K | 10x | as long as short |
| Hyperliquid DOT | +0.0100% | 1h | 1.2036 | +0.126% | $5.3M | $3.2M | 10x | as long as short |
| Aster DOTUSDT | +0.0100% | 8h | 1.2025 | +0.031% | $893K | $649K | 50x | as long as short |
| Bybit DOTUSDT | +0.0100% | 8h | 1.2017 | −0.033% | $24.6M | $17.9M | 75x | as long as short |
| Gate DOT_USDT | +0.0100% | 8h | 1.2020 | −0.008% | $6.8M | $11.4M | 75x | as long as short |
| Bitget DOTUSDT | +0.0100% | 8h | 1.2020 | −0.008% | $23.0M | $14.1M | 75x | as long as short |
| BingX DOT-USDTlong | +0.0100% | 8h | 1.2021 | long leg | — | $28.5M | — | |
| Backpack DOT_USDC_PERP | +0.0100% | 1h | 1.2024 | +0.025% | $99K | $125K | 10x | as long as short |
| Variational Omni DOT | +0.0100% | 8h | 1.1983 | −0.315% | $546K | $63K | — | as long as short |
| edgeX DOTUSDC | +0.0100% | 4h | 1.2000 | −0.173% | $35K | $333K | 20x | as long as short |
| GRVT DOT_USDT_Perp | +0.0100% | 8h | 1.2009 | −0.101% | $233K | $456K | 10x | as long as short |
| Orderly PERP_DOT_USDC | +0.0100% | 8h | 1.2020 | −0.008% | $8K | $24K | 10x | as long as short |
| SunX DOT-USDT | +0.0100% | 8h | 1.2044 | +0.191% | $1K | $1.2M | 20x | as long as short |
| HTX DOT-USDT | +0.0100% | 8h | 1.2007 | −0.116% | $248K | $219K | 75x | as long as short |
| BloFin DOT-USDT | +0.0206% | 8h | 1.2017 | −0.033% | $2.2M | $767K | 75x | as long as short |
| GMX DOT/USD [WBTC.b-USDC] | L +0.0304% / S −0.1025% | 1h | 1.2021 | +0.001% | $23K | — | 100x | as long as short |
| Phemex DOTUSDT | +0.0313% | 8h | 1.2030 | +0.075% | $2.2M | $2.1M | 50x | as long as short |
Binance DOTUSDT
Extended DOT-USD
Lighter DOT
Hyperliquid DOT
Aster DOTUSDT
Bybit DOTUSDT
Gate DOT_USDT
Bitget DOTUSDT
Backpack DOT_USDC_PERP
Variational Omni DOT
edgeX DOTUSDC
GRVT DOT_USDT_Perp
Orderly PERP_DOT_USDC
SunX DOT-USDT
HTX DOT-USDT
BloFin DOT-USDT
GMX DOT/USD [WBTC.b-USDC]
Phemex DOTUSDT