Funding you earn now, next payment 00:00 UTC−0.1457%/8h= −159.5% APRpaid last 24h −0.168%
Price spread now: Deribit against BloFin−0.066%57s7-day average +0.066% · you buy dearer than you sell
Net, funding: paid 7d − costs−$150as 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−$490.495% of the position
Funding, last 7 days−1.004%−$100 on $10k
+Price spread, last 3 days (all we have)+0.090%+$9 · spread now −0.066%, 7d avg +0.066%
=Both sides work against this trade now: funding costs −$44 a day on $10k at the current rate, and Deribit is 0.132% cheaper against BloFin than usual: you would sell low and buy high (−$13 if the spread goes back to its 7-day average of +0.066%). Swap the legs. The two prices were read 57 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 -1.004% in total (about -52.4% 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 | BloFin DOT-USDT | 1.2092 | 0.0220 | pay 0.0220% / 8h | 24m 18s | $2.3M | $788K | 75x |
| Short | Deribit DOT_USDC-PERPETUAL | 1.2084 | −0.1237 | pay 0.0155% / 1h | 24m 18s | $221K | $117K | 50x |
BloFin DOT-USDT
Deribit DOT_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against BloFin. 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
- −$305.97
- Price spread: −0.066% → +0.066%
- −$13.23
- Slippage, 4 orders
- −$30.48
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$368.68
- Costs to cover
- 0.495%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 4 min ago; Deribit: live order book, 54 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 BloFin live order book, 4 min ago | 0.41 bp | 11.8 bp −$12 | 17.4 bp −$174 | 49.3 bp −$4,935 | doesn't fit |
| Sell Deribit live order book, 54 min ago | 3.72 bp | 13.8 bp −$14 | 23.9 bp −$239 | 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-PERPETUALshort | −0.1237% | 1h | 1.2084 | −0.066% | $221K | $117K | 50x | |
| Reya DOTRUSDPERP | −0.0166% | 1h | 1.2075 | −0.136% | $261 | — | — | as long as short |
| Coinbase International DOT-PERP-INTX | −0.0056% | 1h | 1.2090 | −0.017% | $207K | $1.8M | 50x | as long as short |
| dYdX DOT-USD | 0.0000% | 1h | 1.2090 | −0.017% | $146K | $6K | 10x | as long as short |
| gTrade (Gains Network) DOT/USD | L 0.0000% / S +0.0004% | 1h | 1.2086 | −0.051% | $5K | — | 150x | as long as short |
| OKX DOT-USDT-SWAP | +0.0016% | 8h | 1.2072 | −0.165% | $9.5M | $24.2M | 50x | as long as short |
| Kraken Futures PF_DOTUSD | +0.0032% | 1h | 1.2082 | −0.083% | $4.5M | $1.4M | 50x | as long as short |
| Injective DOT/USDC PERP | +0.0033% | 1h | 1.2020 | −0.595% | $328 | $121K | 12x | as long as short |
| KuCoin DOTUSDTM | +0.0054% | 8h | 1.2082 | −0.083% | $6.7M | $8.9M | 75x | as long as short |
| Lighter DOT | +0.0096% | 1h | 1.2089 | −0.023% | $246K | $605K | 10x | as long as short |
Reya DOTRUSDPERP
Coinbase International DOT-PERP-INTX
dYdX DOT-USD
gTrade (Gains Network) DOT/USD
OKX DOT-USDT-SWAP
Kraken Futures PF_DOTUSD
Injective DOT/USDC PERP
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 | 1.2088 | −0.033% | $5.4M | $3.4M | 10x | as long as short |
| Aster DOTUSDT | +0.0100% | 8h | 1.2098 | +0.048% | $881K | $691K | 50x | as long as short |
| Binance DOTUSDT | +0.0100% | 8h | 1.2077 | −0.124% | $44.7M | $82.9M | 75x | as long as short |
| Bybit DOTUSDT | +0.0100% | 8h | 1.2074 | −0.149% | $24.9M | $18.6M | 75x | as long as short |
| Gate DOT_USDT | +0.0100% | 8h | 1.2080 | −0.099% | $6.8M | $11.8M | 75x | as long as short |
| MEXC DOT_USDT | +0.0100% | 8h | 1.2082 | −0.083% | $32.5M | $40.2M | 300x | as long as short |
| Bitget DOTUSDT | +0.0100% | 8h | 1.2073 | −0.157% | $23.1M | $14.7M | 75x | as long as short |
| BingX DOT-USDT | +0.0100% | 8h | 1.2079 | −0.108% | — | $28.6M | — | as long as short |
| Backpack DOT_USDC_PERP | +0.0100% | 1h | 1.2089 | −0.025% | $97K | $132K | 10x | as long as short |
| Variational Omni DOT | +0.0100% | 8h | 1.2118 | +0.216% | $551K | $61K | — | as long as short |
| edgeX DOTUSDC | +0.0100% | 4h | 1.2129 | +0.309% | $36K | $332K | 20x | as long as short |
| GRVT DOT_USDT_Perp | +0.0100% | 8h | 1.2116 | +0.200% | $235K | $457K | 10x | as long as short |
| Orderly PERP_DOT_USDC | +0.0100% | 8h | 1.2080 | −0.099% | $8K | $23K | 10x | as long as short |
| SunX DOT-USDT | +0.0100% | 8h | 1.2102 | +0.083% | $2K | $1.3M | 20x | as long as short |
| HTX DOT-USDT | +0.0100% | 8h | 1.2086 | −0.050% | $249K | $220K | 75x | as long as short |
| Extended DOT-USD | +0.0104% | 1h | 1.2065 | −0.221% | $15K | $235K | 25x | as long as short |
| BloFin DOT-USDTlong | +0.0220% | 8h | 1.2092 | long leg | $2.3M | $788K | 75x | |
| Phemex DOTUSDT | +0.0299% | 8h | 1.2090 | −0.017% | $2.3M | $2.1M | 50x | as long as short |
| GMX DOT/USD [WBTC.b-USDC] | L +0.0303% / S −0.1012% | 1h | 1.2087 | −0.042% | $22K | — | 100x | as long as short |
Hyperliquid DOT
Aster DOTUSDT
Binance 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
Phemex DOTUSDT
GMX DOT/USD [WBTC.b-USDC]