DOT

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0960%/8h= +105.1% APRnext payment +$1.20 per $10,000 · paid last 24h +0.096%

Price spread now: Lighter against Coinbase International+0.032%7-day average −0.004% · 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−$54as in the Price arb table

costs, in and out, $10k−$570.575% of the position

Long on Coinbase International Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.347%+$35 on $10k

Price spread, last 4 days (all we have)+0.049%+$5 · spread now +0.032%, 7d avg −0.004%

Together, before fees+0.396%+ Points / potential airdropLighter: Season 3 · farm board+$40 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$29 a day on $10k at the current rate, and Lighter is 0.036% dearer against Coinbase International than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.004%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.347% in total (about 18.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.20 per $10,000. 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	Coinbase International DOT-PERP-INTX	1.1750	−0.0864	get 0.0108% / 1h	35m 06s	$174K	$1.9M	50x
Short	Lighter DOT	1.1754	0.0096	get 0.0012% / 1h	35m 06s	$250K	$663K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Coinbase International. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee Coinbase InternationalbpFee LighterbpOrdersPrice spread, now +0.032%Rate

Funding earned: $201.6
Price spread: +0.032% → −0.004%: $3.61
Slippage, 4 orders: −$47.47
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: $147.74
Costs to cover: 0.575%
Break-even: 1.9 days

Slippage from Coinbase International: live order book, 4 min ago; Lighter: 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 Coinbase International live order book, 4 min ago	8.55 bp	13.5 bp −$14	18.3 bp −$183	doesn't fit	doesn't fit
Sell Lighter live order book, 5 min ago	3.12 bp	10.7 bp −$11	25.2 bp −$252	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	−0.2717%	1h	1.1762	+0.102%	$234K	$133K	50x	as long as short
Coinbase International DOT-PERP-INTXlong	−0.0864%	1h	1.1750	long leg	$174K	$1.9M	50x
Reya DOTRUSDPERP	−0.0166%	1h	1.1749	−0.005%	$254	—	—	as long as short
dYdX DOT-USD	0.0000%	1h	1.1754	+0.035%	$142K	$6K	10x	as long as short
gTrade (Gains Network) DOT/USD	L 0.0000% / S +0.0004%	1h	1.1755	+0.045%	$3K	—	150x	as long as short
Injective DOT/USDC PERP	+0.0033%	1h	1.2020	+2.298%	$328	$121K	12x	as long as short
Kraken Futures PF_DOTUSD	+0.0091%	1h	1.1759	+0.081%	$4.4M	$1.4M	50x	as long as short
Lighter DOTshort	+0.0096%	1h	1.1754	+0.032%	$250K	$663K	10x
Hyperliquid DOT	+0.0100%	1h	1.1744	−0.051%	$5.2M	$3.4M	10x	as long as short
Aster DOTUSDT	+0.0100%	8h	1.1739	−0.096%	$837K	$597K	50x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance DOTUSDT	+0.0100%	8h	1.1738	−0.103%	$42.9M	$86.2M	75x	as long as short
Bybit DOTUSDT	+0.0100%	8h	1.1726	−0.204%	$23.8M	$19.6M	75x	as long as short
OKX DOT-USDT-SWAP	+0.0100%	8h	1.1723	−0.230%	$9.2M	$24.7M	50x	as long as short
Gate DOT_USDT	+0.0100%	8h	1.1750	0.000%	$6.7M	$12.4M	75x	as long as short
MEXC DOT_USDT	+0.0100%	8h	1.1748	−0.017%	$28.4M	$57.4M	300x	as long as short
KuCoin DOTUSDTM	+0.0100%	8h	1.1754	+0.034%	$6.3M	$9.2M	75x	as long as short
Bitget DOTUSDT	+0.0100%	8h	1.1748	−0.017%	$22.4M	$14.7M	75x	as long as short
BingX DOT-USDT	+0.0100%	8h	1.1744	−0.051%	—	$29.8M	—	as long as short
Backpack DOT_USDC_PERP	+0.0100%	1h	1.1748	−0.017%	$90K	$130K	10x	as long as short
Variational Omni DOT	+0.0100%	8h	1.1723	−0.232%	$534K	$52K	—	as long as short
edgeX DOTUSDC	+0.0100%	4h	1.1716	−0.292%	$34K	$335K	20x	as long as short
GRVT DOT_USDT_Perp	+0.0100%	8h	1.1713	−0.316%	$232K	$420K	10x	as long as short
Orderly PERP_DOT_USDC	+0.0100%	8h	1.1760	+0.085%	$8K	$19K	10x	as long as short
SunX DOT-USDT	+0.0100%	8h	1.1773	+0.196%	$2K	$1.3M	20x	as long as short
HTX DOT-USDT	+0.0100%	8h	1.1749	−0.009%	$263K	$269K	75x	as long as short
Phemex DOTUSDT	+0.0100%	8h	1.1770	+0.170%	$2.4M	$2.2M	50x	as long as short
Extended DOT-USD	+0.0104%	1h	1.1747	−0.022%	$15K	$245K	25x	as long as short
BloFin DOT-USDT	+0.0220%	8h	1.1754	+0.034%	$2.2M	$895K	75x	as long as short
GMX DOT/USD [WBTC.b-USDC]	L +0.0301% / S −0.1012%	1h	1.1752	+0.019%	$22K	—	100x	as long as short