Funding you earn now, next payment 06:00 UTC+0.3424%/8h= +374.9% APRnext payment +$4.28 per $10,000 · paid last 24h +0.183%
Price spread now: dYdX against Deribit+0.010%7-day average −0.037% · you sell dearer than you buy
Net, funding: paid 7d − costs−$92as in the Funding arb table
Net, price: spread back to 7d avg − costs−$167as in the Price arb table
costs, in and out, $10k−$1721.717% of the position
Funding, last 7 days+0.794%+$79 on $10k
+Price spread, last 4 days (all we have)+0.041%+$4 · spread now +0.010%, 7d avg −0.037%
=Both sides work for this trade now. Funding pays +$103 a day on $10k at the current rate, and dYdX is 0.047% dearer against Deribit than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.037%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.794% in total (about 41.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$4.28 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 | Deribit DOT_USDC-PERPETUAL | 1.1660 | −0.3424 | get 0.0428% / 1h | 31m 21s | $232K | $133K | 50x |
| Short | dYdX DOT-USD | 1.1661 | 0 | get 0.0000% / 1h | 31m 21s | $140K | $6K | 10x |
Deribit DOT_USDC-PERPETUAL
dYdX DOT-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
dYdX 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
- $719.04
- Price spread: +0.010% → −0.037%
- $4.71
- Slippage, 4 orders
- −$154.74
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee dYdX: 5 bp × 2 orders
- −$10
- Net
- $552.01
- Costs to cover
- 1.717%
- Break-even
- 1.6 days
Slippage from Deribit: live order book, 17 min ago; dYdX: live order book, 18 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, 17 min ago | 6.79 bp | 12.8 bp −$13 | 19.3 bp −$193 | doesn't fit | doesn't fit |
| Sell dYdX live order book, 18 min ago | 67.63 bp | 72.6 bp −$73 | 137.4 bp −$1,374 | 175.8 bp −$17.6K | 277.1 bp −$138.6K |
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-PERPETUALlong | −0.3424% | 1h | 1.1660 | long leg | $232K | $133K | 50x | |
| Coinbase International DOT-PERP-INTX | −0.0864% | 1h | 1.1650 | −0.086% | $171K | $1.9M | 50x | as long as short |
| Reya DOTRUSDPERP | −0.0166% | 1h | 1.1655 | −0.039% | $252 | — | — | as long as short |
| dYdX DOT-USDshort | 0.0000% | 1h | 1.1661 | +0.010% | $140K | $6K | 10x | |
| gTrade (Gains Network) DOT/USD | L 0.0000% / S +0.0004% | 1h | 1.1660 | +0.003% | $3K | — | 150x | as long as short |
| Injective DOT/USDC PERP | +0.0033% | 1h | 1.2020 | +3.087% | $328 | $121K | 12x | as long as short |
| Kraken Futures PF_DOTUSD | +0.0092% | 1h | 1.1656 | −0.033% | $4.3M | $1.4M | 50x | as long as short |
| Lighter DOT | +0.0096% | 1h | 1.1664 | +0.034% | $248K | $663K | 10x | as long as short |
| Hyperliquid DOT | +0.0100% | 1h | 1.1663 | +0.029% | $5.2M | $3.4M | 10x | as long as short |
| Aster DOTUSDT | +0.0100% | 8h | 1.1672 | +0.105% | $834K | $597K | 50x | as long as short |
Coinbase International DOT-PERP-INTX
Reya DOTRUSDPERP
gTrade (Gains Network) DOT/USD
Injective DOT/USDC PERP
Kraken Futures PF_DOTUSD
Lighter DOT
Hyperliquid DOT
Aster DOTUSDTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance DOTUSDT | +0.0100% | 8h | 1.1661 | +0.009% | $42.6M | $86.4M | 75x | as long as short |
| Bybit DOTUSDT | +0.0100% | 8h | 1.1653 | −0.060% | $23.6M | $19.6M | 75x | as long as short |
| OKX DOT-USDT-SWAP | +0.0100% | 8h | 1.1652 | −0.069% | $9.1M | $24.6M | 50x | as long as short |
| Gate DOT_USDT | +0.0100% | 8h | 1.1660 | 0.000% | $6.6M | $12.4M | 75x | as long as short |
| MEXC DOT_USDT | +0.0100% | 8h | 1.1662 | +0.017% | $28.6M | $57.6M | 300x | as long as short |
| KuCoin DOTUSDTM | +0.0100% | 8h | 1.1657 | −0.026% | $6.2M | $9.2M | 75x | as long as short |
| Bitget DOTUSDT | +0.0100% | 8h | 1.1650 | −0.086% | $22.2M | $14.7M | 75x | as long as short |
| BingX DOT-USDC | +0.0100% | 8h | 1.1856 | +1.681% | — | $1.3M | — | as long as short |
| Backpack DOT_USDC_PERP | +0.0100% | 1h | 1.1667 | +0.060% | $90K | $130K | 10x | as long as short |
| Variational Omni DOT | +0.0100% | 8h | 1.1723 | +0.538% | $534K | $52K | — | as long as short |
| edgeX DOTUSDC | +0.0100% | 4h | 1.1685 | +0.212% | $34K | $336K | 20x | as long as short |
| GRVT DOT_USDT_Perp | +0.0100% | 8h | 1.1687 | +0.232% | $224K | $419K | 10x | as long as short |
| Orderly PERP_DOT_USDC | +0.0100% | 8h | 1.1660 | 0.000% | $8K | $19K | 10x | as long as short |
| SunX DOT-USDT | +0.0100% | 8h | 1.1670 | +0.086% | $2K | $1.3M | 20x | as long as short |
| HTX DOT-USDT | +0.0100% | 8h | 1.1666 | +0.051% | $261K | $269K | 75x | as long as short |
| Phemex DOTUSDT | +0.0100% | 8h | 1.1670 | +0.086% | $2.3M | $2.2M | 50x | as long as short |
| Extended DOT-USD | +0.0104% | 1h | 1.1644 | −0.134% | $15K | $245K | 25x | as long as short |
| BloFin DOT-USDT | +0.0220% | 8h | 1.1692 | +0.274% | $2.2M | $891K | 75x | as long as short |
| GMX DOT/USD [WBTC.b-USDC] | L +0.0300% / S −0.1012% | 1h | 1.1660 | +0.002% | $22K | — | 100x | as long as short |
Binance DOTUSDT
Bybit DOTUSDT
OKX DOT-USDT-SWAP
Gate DOT_USDT
MEXC DOT_USDT
KuCoin DOTUSDTM
Bitget DOTUSDT
BingX DOT-USDC
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
BloFin DOT-USDT
GMX DOT/USD [WBTC.b-USDC]