Funding you earn now, next payment 09:00 UTC+0.0100%/8h= +10.9% APRnext payment +$0.13 per $10,000 · paid last 24h +0.035%
Price spread now: Backpack against dYdX+0.057%7-day average −0.017% · you sell dearer than you buy
Net, funding: paid 7d − costs−$130as in the Funding arb table
Net, price: spread back to 7d avg − costs−$137as in the Price arb table
costs, in and out, $10k−$1441.441% of the position
Funding, last 7 days+0.138%+$14 on $10k
+Price spread, last 4 days (all we have)−0.511%−$51 · spread now +0.057%, 7d avg −0.017%
=Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Backpack is 0.075% dearer against dYdX than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.017%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | dYdX DOT-USD | 1.1779 | 0 | get 0.0000% / 1h | 14m 58s | $142K | $6K | 10x |
| Short | Backpack DOT_USDC_PERP | 1.1786 | 0.0100 | get 0.0013% / 1h | 14m 58s | $87K | $131K | 10x |
dYdX DOT-USD
Backpack DOT_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against dYdX. 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
- $21
- Price spread: +0.057% → −0.017%
- $7.49
- Slippage, 4 orders
- −$124.09
- Fee dYdX: 5 bp × 2 orders
- −$10
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$115.6
- Costs to cover
- 1.441%
- Break-even
- 45.5 days
Slippage from dYdX: live order book, 19 min ago; Backpack: 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 dYdX live order book, 19 min ago | 21.27 bp | 26.5 bp −$27 | 64.6 bp −$646 | 68.4 bp −$6,838 | 72.0 bp −$36.0K |
| Sell Backpack live order book, 18 min ago | 0.43 bp | 7.9 bp −$8 | doesn't fit | 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 | −0.1360% | 1h | 1.1784 | +0.040% | $257K | $168K | 50x | as long as short |
| Reya DOTRUSDPERP | −0.0166% | 1h | 1.1765 | −0.123% | $255 | — | — | as long as short |
| dYdX DOT-USDlong | 0.0000% | 1h | 1.1779 | long leg | $142K | $6K | 10x | |
| gTrade (Gains Network) DOT/USD | L 0.0000% / S +0.0004% | 1h | 1.1777 | −0.021% | $3K | — | 150x | as long as short |
| Injective DOT/USDC PERP | +0.0033% | 1h | 1.2020 | +2.044% | $328 | $121K | 12x | as long as short |
| Coinbase International DOT-PERP-INTX | +0.0072% | 1h | 1.1780 | +0.007% | $171K | $2.0M | 50x | as long as short |
| Lighter DOT | +0.0096% | 1h | 1.1783 | +0.031% | $248K | $673K | 10x | as long as short |
| Hyperliquid DOT | +0.0100% | 1h | 1.1788 | +0.074% | $5.6M | $4.5M | 10x | as long as short |
| Aster DOTUSDT | +0.0100% | 8h | 1.1784 | +0.043% | $849K | $597K | 50x | as long as short |
| Binance DOTUSDT | +0.0100% | 8h | 1.1786 | +0.057% | $43.0M | $87.9M | 75x | as long as short |
Deribit DOT_USDC-PERPETUAL
Reya DOTRUSDPERP
gTrade (Gains Network) DOT/USD
Injective DOT/USDC PERP
Coinbase International DOT-PERP-INTX
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 | 1.1782 | +0.023% | $23.9M | $20.2M | 75x | as long as short |
| OKX DOT-USDT-SWAP | +0.0100% | 8h | 1.1787 | +0.066% | $9.0M | $25.2M | 50x | as long as short |
| Gate DOT_USDT | +0.0100% | 8h | 1.1790 | +0.091% | $6.6M | $11.9M | 75x | as long as short |
| MEXC DOT_USDT | +0.0100% | 8h | 1.1783 | +0.032% | $33.7M | $66.0M | 300x | as long as short |
| KuCoin DOTUSDTM | +0.0100% | 8h | 1.1786 | +0.057% | $6.2M | $9.5M | 75x | as long as short |
| Bitget DOTUSDT | +0.0100% | 8h | 1.1783 | +0.032% | $22.7M | $14.2M | 75x | as long as short |
| BingX DOT-USDT | +0.0100% | 8h | 1.1782 | +0.023% | — | $9.6M | — | as long as short |
| Backpack DOT_USDC_PERPshort | +0.0100% | 1h | 1.1786 | +0.057% | $87K | $131K | 10x | |
| Variational Omni DOT | +0.0100% | 8h | 1.1763 | −0.135% | $535K | $50K | — | as long as short |
| edgeX DOTUSDC | +0.0100% | 4h | 1.1746 | −0.282% | $34K | $337K | 20x | as long as short |
| GRVT DOT_USDT_Perp | +0.0100% | 8h | 1.1743 | −0.310% | $223K | $427K | 10x | as long as short |
| Orderly PERP_DOT_USDC | +0.0100% | 8h | 1.1770 | −0.078% | $8K | $18K | 10x | as long as short |
| SunX DOT-USDT | +0.0100% | 8h | 1.1790 | +0.091% | $2K | $1.3M | 20x | as long as short |
| HTX DOT-USDT | +0.0100% | 8h | 1.1771 | −0.070% | $266K | $274K | 75x | as long as short |
| Extended DOT-USD | +0.0104% | 1h | 1.1768 | −0.096% | $15K | $273K | 25x | as long as short |
| Phemex DOTUSDT | +0.0160% | 8h | 1.1790 | +0.091% | $2.4M | $2.2M | 50x | as long as short |
| BloFin DOT-USDT | +0.0220% | 8h | 1.1773 | −0.053% | $1.9M | $914K | 75x | as long as short |
| Kraken Futures PF_DOTUSD | +0.0242% | 1h | 1.1788 | +0.075% | $4.4M | $1.5M | 50x | as long as short |
| GMX DOT/USD [WBTC.b-USDC] | L +0.0291% / S −0.0937% | 1h | 1.1783 | +0.035% | $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
Variational Omni DOT
edgeX DOTUSDC
GRVT DOT_USDT_Perp
Orderly PERP_DOT_USDC
SunX DOT-USDT
HTX DOT-USDT
Extended DOT-USD
Phemex DOTUSDT
BloFin DOT-USDT
Kraken Futures PF_DOTUSD
GMX DOT/USD [WBTC.b-USDC]