Funding you earn now, next payment 10:00 UTC+0.2149%/8h= +235.3% APRpaid last 24h +0.336%
Price spread now: Binance against Deribit−0.068%7-day average −0.058% · you buy dearer than you sell
Net, funding: paid 7d − costs+$61as in the Funding arb table
Net, price: spread back to 7d avg − costs−$41as in the Price arb table
costs, in and out, $10k−$400.399% of the position
Funding, last 7 days+1.008%+$101 on $10k
+Price spread, last 4 days (all we have)+0.122%+$12 · spread now −0.068%, 7d avg −0.058%
=The price spread sits at its 7-day average of −0.058%, so right now this pair is about funding alone: +$64 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 1.008% in total (about 52.6% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit DOT_USDC-PERPETUAL | 1.1715 | −0.2049 | get 0.0256% / 1h | 20m 40s | $255K | $167K | 50x |
| Short | Binance DOTUSDT | 1.1707 | 0.0100 | get 0.0100% / 8h | 6h 20m | $42.9M | $81.9M | 75x |
Deribit DOT_USDC-PERPETUAL
Binance DOTUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Deribit. 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
- $451.29
- Price spread: −0.068% → −0.058%
- −$0.99
- Slippage, 4 orders
- −$22.92
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- $410.38
- Costs to cover
- 0.399%
- Break-even
- 0.6 days
Slippage from Deribit: live order book, 31 min ago; Binance: live order book, 15 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 Deribit live order book, 31 min ago | 8.13 bp | 11.6 bp −$12 | 23.1 bp −$231 | doesn't fit | doesn't fit |
| Sell Binance live order book, 15 min ago | 0.43 bp | 6.9 bp −$7 | 16.4 bp −$164 | 67.0 bp −$6,699 | doesn't fit |
DOT on 29 exchanges
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-PERPETUALlong | −0.2049% | 1h | 1.1715 | long leg | $255K | $167K | 50x | |
| Coinbase International DOT-PERP-INTX | −0.0464% | 1h | 1.1730 | +0.128% | $170K | $1.8M | 50x | as long as short |
| Reya DOTRUSDPERP | −0.0166% | 1h | 1.1719 | +0.035% | $254 | — | — | as long as short |
| dYdX DOT-USD | 0.0000% | 1h | 1.1722 | +0.057% | $142K | $6K | 10x | as long as short |
| gTrade (Gains Network) DOT/USD | L 0.0000% / S +0.0004% | 1h | 1.1708 | −0.061% | $3K | — | 150x | as long as short |
| Injective DOT/USDC PERP | +0.0033% | 1h | 1.2020 | +2.603% | $328 | $121K | 12x | as long as short |
| Lighter DOT | +0.0096% | 1h | 1.1703 | −0.103% | $247K | $660K | 10x | as long as short |
| Hyperliquid DOT | +0.0100% | 1h | 1.1706 | −0.077% | $5.5M | $4.1M | 10x | as long as short |
| Aster DOTUSDT | +0.0100% | 8h | 1.1712 | −0.027% | $844K | $450K | 50x | as long as short |
| Binance DOTUSDTshort | +0.0100% | 8h | 1.1707 | −0.068% | $42.9M | $81.9M | 75x |
Coinbase International DOT-PERP-INTX
Reya DOTRUSDPERP
dYdX DOT-USD
gTrade (Gains Network) DOT/USD
Injective DOT/USDC PERP
Lighter DOT
Hyperliquid DOT
Aster DOTUSDTShow all 29 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit DOTUSDT | +0.0100% | 8h | 1.1703 | −0.102% | $23.9M | $19.1M | 75x | as long as short |
| OKX DOT-USDT-SWAP | +0.0100% | 8h | 1.1706 | −0.077% | $9.0M | $23.5M | 50x | as long as short |
| Gate DOT_USDT | +0.0100% | 8h | 1.1710 | −0.043% | $6.6M | $10.6M | 75x | as long as short |
| MEXC DOT_USDT | +0.0100% | 8h | 1.1704 | −0.094% | $27.9M | $67.9M | 300x | as long as short |
| KuCoin DOTUSDTM | +0.0100% | 8h | 1.1705 | −0.085% | $6.2M | $9.5M | 75x | as long as short |
| Bitget DOTUSDT | +0.0100% | 8h | 1.1700 | −0.128% | $22.6M | $13.6M | 75x | as long as short |
| BingX DOT-USDT | +0.0100% | 8h | 1.1705 | −0.085% | — | $9.6M | — | as long as short |
| Backpack DOT_USDC_PERP | +0.0100% | 1h | 1.1712 | −0.026% | $87K | $130K | 10x | as long as short |
| Variational Omni DOT | +0.0100% | 8h | 1.1698 | −0.144% | $533K | $31K | — | as long as short |
| edgeX DOTUSDC | +0.0100% | 4h | 1.1715 | +0.004% | $34K | $335K | 20x | as long as short |
| GRVT DOT_USDT_Perp | +0.0100% | 8h | 1.1703 | −0.104% | $232K | $399K | 10x | as long as short |
| Orderly PERP_DOT_USDC | +0.0100% | 8h | 1.1710 | −0.043% | $8K | $19K | 10x | as long as short |
| SunX DOT-USDT | +0.0100% | 8h | 1.1734 | +0.162% | $2K | $1.2M | 20x | as long as short |
| HTX DOT-USDT | +0.0100% | 8h | 1.1691 | −0.205% | $264K | $266K | 75x | as long as short |
| Phemex DOTUSDT | +0.0100% | 8h | 1.1720 | +0.043% | $2.4M | $2.2M | 50x | as long as short |
| Extended DOT-USD | +0.0104% | 1h | 1.1702 | −0.109% | $15K | $274K | 25x | as long as short |
| Kraken Futures PF_DOTUSD | +0.0154% | 1h | 1.1716 | +0.009% | $4.4M | $1.5M | 50x | as long as short |
| BloFin DOT-USDT | +0.0220% | 8h | 1.1710 | −0.043% | $1.9M | $835K | 75x | as long as short |
| GMX DOT/USD [WBTC.b-USDC] | L +0.0290% / S −0.0937% | 1h | 1.1709 | −0.050% | $20K | — | 100x | as long as short |
Bybit DOTUSDT
OKX DOT-USDT-SWAP
Gate DOT_USDT
MEXC DOT_USDT
KuCoin DOTUSDTM
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
Phemex DOTUSDT
Extended DOT-USD
Kraken Futures PF_DOTUSD
BloFin DOT-USDT
GMX DOT/USD [WBTC.b-USDC]