DOT

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0338%/8h= +37.0% APRnext payment +$0.42 per $10,000 · paid last 24h +0.017%

Price spread now: Kraken Futures against dYdX+0.053%7-day average +0.025% · you sell dearer than you buy

Net, funding: paid 7d − costs−$159as in the Funding arb table

Net, price: spread back to 7d avg − costs−$170as in the Price arb table

costs, in and out, $10k−$1731.730% of the position

Long on dYdX Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.136%+$14 on $10k

Price spread, last 4 days (all we have)−0.089%−$9 · spread now +0.053%, 7d avg +0.025%

Together, before fees+0.047%+$5 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and Kraken Futures is 0.028% dearer against dYdX than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.025%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.136% in total (about 7.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.42 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	dYdX DOT-USD	1.1626	0.0001	pay 0.0000% / 1h	13m 47s	$140K	$6K	10x
Short	Kraken Futures PF_DOTUSD	1.1633	0.0339	get 0.0042% / 1h	13m 47s	$4.3M	$1.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against dYdX. 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 dYdXbpFee Kraken FuturesbpOrdersPrice spread, now +0.053%Rate

Funding earned: $70.91
Price spread: +0.053% → +0.025%: $2.78
Slippage, 4 orders: −$152.99
Fee dYdX: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$99.3
Costs to cover: 1.730%
Break-even: 16.8 days

Slippage from dYdX: live order book, 25 min ago; Kraken Futures: live order book, 5 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, 25 min ago	12.77 bp	17.8 bp −$18	25.0 bp −$250	36.2 bp −$3,625	41.9 bp −$21.0K
Sell Kraken Futures live order book, 5 min ago	2.16 bp	7.2 bp −$7	18.4 bp −$184	136.0 bp −$13.6K	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	−0.3347%	1h	1.1633	+0.056%	$251K	$158K	50x	as long as short
Reya DOTRUSDPERP	−0.0166%	1h	1.1600	−0.229%	$251	—	—	as long as short
Coinbase International DOT-PERP-INTX	−0.0104%	1h	1.1620	−0.056%	$169K	$2.0M	50x	as long as short
gTrade (Gains Network) DOT/USD	L 0.0000% / S +0.0004%	1h	1.1626	−0.007%	$3K	—	150x	as long as short
dYdX DOT-USDlong	+0.0001%	1h	1.1626	long leg	$140K	$6K	10x
Injective DOT/USDC PERP	+0.0033%	1h	1.2020	+3.385%	$328	$121K	12x	as long as short
Lighter DOT	+0.0096%	1h	1.1624	−0.018%	$244K	$674K	10x	as long as short
Hyperliquid DOT	+0.0100%	1h	1.1622	−0.039%	$5.5M	$4.7M	10x	as long as short
Aster DOTUSDT	+0.0100%	8h	1.1620	−0.056%	$838K	$608K	50x	as long as short
Binance DOTUSDT	+0.0100%	8h	1.1619	−0.064%	$42.3M	$89.3M	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	1.1616	−0.090%	$23.5M	$20.5M	75x	as long as short
OKX DOT-USDT-SWAP	+0.0100%	8h	1.1620	−0.056%	$9.0M	$25.5M	50x	as long as short
Gate DOT_USDT	+0.0100%	8h	1.1630	+0.030%	$6.5M	$13.1M	75x	as long as short
MEXC DOT_USDT	+0.0100%	8h	1.1629	+0.022%	$27.8M	$63.8M	300x	as long as short
KuCoin DOTUSDTM	+0.0100%	8h	1.1629	+0.022%	$6.2M	$9.4M	75x	as long as short
Bitget DOTUSDT	+0.0100%	8h	1.1620	−0.056%	$22.3M	$14.5M	75x	as long as short
BingX DOT-USDT	+0.0100%	8h	1.1626	−0.004%	—	$9.5M	—	as long as short
Backpack DOT_USDC_PERP	+0.0100%	1h	1.1630	+0.030%	$85K	$132K	10x	as long as short
Variational Omni DOT	+0.0100%	8h	1.1597	−0.256%	$528K	$50K	—	as long as short
edgeX DOTUSDC	+0.0100%	4h	1.1606	−0.180%	$34K	$337K	20x	as long as short
GRVT DOT_USDT_Perp	+0.0100%	8h	1.1584	−0.367%	$227K	$437K	10x	as long as short
Orderly PERP_DOT_USDC	+0.0100%	8h	1.1620	−0.056%	$8K	$19K	10x	as long as short
SunX DOT-USDT	+0.0100%	8h	1.1644	+0.151%	$2K	$1.4M	20x	as long as short
HTX DOT-USDT	+0.0100%	8h	1.1631	+0.039%	$262K	$283K	75x	as long as short
Extended DOT-USD	+0.0104%	1h	1.1621	−0.043%	$15K	$275K	25x	as long as short
Phemex DOTUSDT	+0.0200%	8h	1.1630	+0.030%	$2.4M	$2.2M	50x	as long as short
BloFin DOT-USDT	+0.0220%	8h	1.1608	−0.159%	$1.9M	$903K	75x	as long as short
GMX DOT/USD [WBTC.b-USDC]	L +0.0290% / S −0.0937%	1h	1.1606	−0.175%	$20K	—	100x	as long as short
Kraken Futures PF_DOTUSDshort	+0.0339%	1h	1.1633	+0.053%	$4.3M	$1.5M	50x