Funding you earn now, next payment 03:00 UTC+0.2272%/8h= +248.8% APRpaid last 24h +0.102%
Price spread now: OKX against Deribit−0.159%7-day average −0.085% · you buy dearer than you sell
Net, funding: paid 7d − costs+$33as in the Funding arb table
Net, price: spread back to 7d avg − costs−$53as in the Price arb table
costs, in and out, $10k−$450.451% of the position
Funding, last 7 days+0.785%+$78 on $10k
+Price spread, last 4 days (all we have)+0.309%+$31 · spread now −0.159%, 7d avg −0.085%
=Funding pays, the price is against you. OKX is 0.074% cheaper against Deribit than usual: you would sell low and buy high (spread −0.159% now, against its 7-day average of −0.085%). If the spread goes back, that is −$7 on $10k: about 3 hours of funding at the current rate (+$68 a day). At the pace of the last 7 days (+0.785% in total) that is about 16 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.785% in total (about 40.9% 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 | Deribit DOT_USDC-PERPETUAL | 1.1944 | −0.2172 | get 0.0271% / 1h | 10m 01s | $228K | $115K | 50x |
| Short | OKX DOT-USDT-SWAP | 1.1925 | 0.0100 | get 0.0100% / 8h | 5h 10m | $9.4M | $24.2M | 50x |
Deribit DOT_USDC-PERPETUAL
OKX DOT-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- $477.12
- Price spread: −0.159% → −0.085%
- −$7.4
- Slippage, 4 orders
- −$28.12
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- $424.61
- Costs to cover
- 0.451%
- Break-even
- 0.8 days
Slippage from Deribit: live order book, 53 min ago; OKX: live order book, 4 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, 53 min ago | 3.74 bp | 9.7 bp −$10 | 17.3 bp −$173 | doesn't fit | doesn't fit |
| Sell OKX live order book, 4 min ago | 0.42 bp | 12.3 bp −$12 | 20.7 bp −$207 | 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-PERPETUALlong | −0.2172% | 1h | 1.1944 | long leg | $228K | $115K | 50x | |
| Coinbase International DOT-PERP-INTX | −0.0376% | 1h | 1.1940 | −0.033% | $196K | $2.0M | 50x | as long as short |
| Reya DOTRUSDPERP | −0.0166% | 1h | 1.1928 | −0.130% | $258 | — | — | as long as short |
| dYdX DOT-USD | 0.0000% | 1h | 1.1940 | −0.037% | $144K | $6K | 10x | as long as short |
| gTrade (Gains Network) DOT/USD | L 0.0000% / S +0.0004% | 1h | 1.1939 | −0.046% | $3K | — | 150x | as long as short |
| Injective DOT/USDC PERP | +0.0033% | 1h | 1.2020 | +0.636% | $328 | $121K | 12x | as long as short |
| Lighter DOT | +0.0096% | 1h | 1.1942 | −0.021% | $271K | $632K | 10x | as long as short |
| Hyperliquid DOT | +0.0100% | 1h | 1.1935 | −0.075% | $5.4M | $3.5M | 10x | as long as short |
| Aster DOTUSDT | +0.0100% | 8h | 1.1940 | −0.033% | $862K | $709K | 50x | as long as short |
| Binance DOTUSDT | +0.0100% | 8h | 1.1933 | −0.088% | $43.8M | $85.3M | 75x | as long as short |
Coinbase International DOT-PERP-INTX
Reya DOTRUSDPERP
dYdX DOT-USD
gTrade (Gains Network) DOT/USD
Injective DOT/USDC PERP
Lighter DOT
Hyperliquid DOT
Aster DOTUSDT
Binance DOTUSDTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit DOTUSDT | +0.0100% | 8h | 1.1930 | −0.117% | $24.6M | $19.1M | 75x | as long as short |
| OKX DOT-USDT-SWAPshort | +0.0100% | 8h | 1.1925 | −0.159% | $9.4M | $24.2M | 50x | |
| Gate DOT_USDT | +0.0100% | 8h | 1.1930 | −0.117% | $6.8M | $11.9M | 75x | as long as short |
| MEXC DOT_USDT | +0.0100% | 8h | 1.1925 | −0.159% | $33.6M | $50.2M | 300x | as long as short |
| KuCoin DOTUSDTM | +0.0100% | 8h | 1.1939 | −0.042% | $6.5M | $9.2M | 75x | as long as short |
| Bitget DOTUSDT | +0.0100% | 8h | 1.1929 | −0.126% | $22.8M | $14.9M | 75x | as long as short |
| BingX DOT-USDT | +0.0100% | 8h | 1.1933 | −0.092% | — | $29.7M | — | as long as short |
| Backpack DOT_USDC_PERP | +0.0100% | 1h | 1.1936 | −0.067% | $93K | $131K | 10x | as long as short |
| Variational Omni DOT | +0.0100% | 8h | 1.1929 | −0.124% | $542K | $58K | — | as long as short |
| edgeX DOTUSDC | +0.0100% | 4h | 1.1928 | −0.138% | $35K | $333K | 20x | as long as short |
| GRVT DOT_USDT_Perp | +0.0100% | 8h | 1.1921 | −0.191% | $227K | $416K | 10x | as long as short |
| Orderly PERP_DOT_USDC | +0.0100% | 8h | 1.1930 | −0.117% | $8K | $24K | 10x | as long as short |
| SunX DOT-USDT | +0.0100% | 8h | 1.1953 | +0.075% | $2K | $1.3M | 20x | as long as short |
| HTX DOT-USDT | +0.0100% | 8h | 1.1922 | −0.184% | $259K | $242K | 75x | as long as short |
| Extended DOT-USD | +0.0104% | 1h | 1.1918 | −0.214% | $14K | $305K | 25x | as long as short |
| BloFin DOT-USDT | +0.0220% | 8h | 1.1939 | −0.042% | $2.2M | $872K | 75x | as long as short |
| Phemex DOTUSDT | +0.0252% | 8h | 1.1950 | +0.050% | $2.3M | $2.2M | 50x | as long as short |
| GMX DOT/USD [WBTC.b-USDC] | L +0.0302% / S −0.1012% | 1h | 1.1931 | −0.105% | $22K | — | 100x | as long as short |
| Kraken Futures PF_DOTUSD | +0.0410% | 1h | 1.1943 | −0.009% | $4.5M | $1.5M | 50x | as long as short |
Bybit DOTUSDT
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
Extended DOT-USD
BloFin DOT-USDT
Phemex DOTUSDT
GMX DOT/USD [WBTC.b-USDC]
Kraken Futures PF_DOTUSD