DOT

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.2763%/8h= +302.6% APRnext payment +$3.45 per $10,000 · paid last 24h +0.115%

Price spread now: Kraken Futures against Deribit−0.002%7-day average −0.010% · you buy dearer than you sell

Net, funding: paid 7d − costs+$26as in the Funding arb table

Net, price: spread back to 7d avg − costs−$56as in the Price arb table

costs, in and out, $10k−$570.572% of the position

Long on Deribit Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.831%+$83 on $10k

Price spread, last 4 days (all we have)−0.013%−$1 · spread now −0.002%, 7d avg −0.010%

Together, before fees+0.818%+$82 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.010%, so right now this pair is about funding alone: +$83 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 0.831% in total (about 43.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.45 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	1.1888	−0.2351	get 0.0294% / 1h	6m 05s	$227K	$114K	50x
Short	Kraken Futures PF_DOTUSD	1.1888	0.0412	get 0.0052% / 1h	6m 05s	$4.4M	$1.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Deribit. 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 DeribitbpFee Kraken FuturesbpOrdersPrice spread, now −0.002%Rate

Funding earned: $580.27
Price spread: −0.002% → −0.010%: $0.86
Slippage, 4 orders: −$40.17
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $523.97
Costs to cover: 0.572%
Break-even: 0.7 days

Slippage from Deribit: live order book, 57 min ago; Kraken Futures: live order book, 3 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, 57 min ago	3.74 bp	9.7 bp −$10	17.3 bp −$173	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 3 min ago	2.94 bp	17.4 bp −$17	27.8 bp −$278	118.9 bp −$11.9K	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-PERPETUALlong	−0.2351%	1h	1.1888	long leg	$227K	$114K	50x
Coinbase International DOT-PERP-INTX	−0.0376%	1h	1.1890	+0.017%	$196K	$2.0M	50x	as long as short
Reya DOTRUSDPERP	−0.0166%	1h	1.1878	−0.083%	$257	—	—	as long as short
dYdX DOT-USD	0.0000%	1h	1.1888	−0.003%	$143K	$6K	10x	as long as short
gTrade (Gains Network) DOT/USD	L 0.0000% / S +0.0004%	1h	1.1885	−0.021%	$3K	—	150x	as long as short
Injective DOT/USDC PERP	+0.0033%	1h	1.2020	+1.110%	$328	$121K	12x	as long as short
Lighter DOT	+0.0096%	1h	1.1886	−0.018%	$269K	$632K	10x	as long as short
Hyperliquid DOT	+0.0100%	1h	1.1884	−0.032%	$5.3M	$3.5M	10x	as long as short
Aster DOTUSDT	+0.0100%	8h	1.1902	+0.114%	$859K	$709K	50x	as long as short
Binance DOTUSDT	+0.0100%	8h	1.1883	−0.043%	$43.6M	$85.2M	75x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit DOTUSDT	+0.0100%	8h	1.1879	−0.076%	$24.5M	$19.0M	75x	as long as short
OKX DOT-USDT-SWAP	+0.0100%	8h	1.1877	−0.093%	$9.3M	$24.0M	50x	as long as short
Gate DOT_USDT	+0.0100%	8h	1.1880	−0.067%	$6.7M	$11.9M	75x	as long as short
MEXC DOT_USDT	+0.0100%	8h	1.1885	−0.025%	$33.9M	$50.4M	300x	as long as short
KuCoin DOTUSDTM	+0.0100%	8h	1.1884	−0.034%	$6.5M	$9.2M	75x	as long as short
Bitget DOTUSDT	+0.0100%	8h	1.1880	−0.067%	$22.7M	$14.8M	75x	as long as short
BingX DOT-USDT	+0.0100%	8h	1.1882	−0.050%	—	$29.7M	—	as long as short
Backpack DOT_USDC_PERP	+0.0100%	1h	1.1883	−0.042%	$93K	$131K	10x	as long as short
Variational Omni DOT	+0.0100%	8h	1.1878	−0.083%	$541K	$58K	—	as long as short
edgeX DOTUSDC	+0.0100%	4h	1.1915	+0.223%	$35K	$334K	20x	as long as short
GRVT DOT_USDT_Perp	+0.0100%	8h	1.1913	+0.214%	$227K	$416K	10x	as long as short
Orderly PERP_DOT_USDC	+0.0100%	8h	1.1880	−0.067%	$8K	$24K	10x	as long as short
SunX DOT-USDT	+0.0100%	8h	1.1899	+0.093%	$2K	$1.3M	20x	as long as short
HTX DOT-USDT	+0.0100%	8h	1.1921	+0.278%	$259K	$242K	75x	as long as short
Extended DOT-USD	+0.0104%	1h	1.1876	−0.097%	$14K	$305K	25x	as long as short
BloFin DOT-USDT	+0.0220%	8h	1.1896	+0.067%	$2.2M	$868K	75x	as long as short
Phemex DOTUSDT	+0.0252%	8h	1.1900	+0.101%	$2.3M	$2.2M	50x	as long as short
GMX DOT/USD [WBTC.b-USDC]	L +0.0302% / S −0.1012%	1h	1.1888	+0.002%	$22K	—	100x	as long as short
Kraken Futures PF_DOTUSDshort	+0.0412%	1h	1.1888	−0.002%	$4.4M	$1.5M	50x