Funding you earn now, next payment 09:00 UTC+0.0154%/8h= +16.9% APRpaid last 24h +0.090%
Price spread now: Phemex against dYdX+0.104%7-day average +0.152% · you sell dearer than you buy
Net, funding: paid 7d − costs−$85as in the Funding arb table
Net, price: spread back to 7d avg − costs−$179as in the Price arb table
costs, in and out, $10k−$1741.737% of the position
Funding, last 7 days+0.884%+$88 on $10k
+Price spread, last 4 days (all we have)−0.277%−$28 · spread now +0.104%, 7d avg +0.152%
=Funding pays, the price is against you. Phemex is 0.049% cheaper against dYdX than usual: you would sell low and buy high (spread +0.104% now, against its 7-day average of +0.152%). If the spread goes back, that is −$5 on $10k: about 25 hours of funding at the current rate (+$5 a day). At the pace of the last 7 days (+0.884% in total) that is about 9 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | dYdX DOT-USD | 1.1658 | 0 | get 0.0000% / 1h | 26m 33s | $141K | $6K | 10x |
| Short | Phemex DOTUSDT | 1.1670 | 0.0154 | get 0.0154% / 8h | 7h 26m | $2.4M | $2.2M | 50x |
dYdX DOT-USD
Phemex DOTUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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
- $32.44
- Price spread: +0.104% → +0.152%
- −$4.86
- Slippage, 4 orders
- −$151.66
- Fee dYdX: 5 bp × 2 orders
- −$10
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$146.08
- Costs to cover
- 1.737%
- Break-even
- 38.5 days
Slippage from dYdX: live order book, 7 min ago; Phemex: live order book, 2 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, 7 min ago | 21.27 bp | 26.5 bp −$27 | 64.6 bp −$646 | 68.4 bp −$6,838 | 72.0 bp −$36.0K |
| Sell Phemex live order book, 2 min ago | 4.29 bp | 16.8 bp −$17 | 45.7 bp −$457 | 119.8 bp −$12.0K | 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 | −0.2573% | 1h | 1.1658 | +0.001% | $254K | $170K | 50x | as long as short |
| Reya DOTRUSDPERP | −0.0166% | 1h | 1.1639 | −0.161% | $252 | — | — | as long as short |
| dYdX DOT-USDlong | 0.0000% | 1h | 1.1658 | long leg | $141K | $6K | 10x | |
| gTrade (Gains Network) DOT/USD | L 0.0000% / S +0.0004% | 1h | 1.1639 | −0.160% | $3K | — | 150x | as long as short |
| Injective DOT/USDC PERP | +0.0033% | 1h | 1.2020 | +3.106% | $328 | $121K | 12x | as long as short |
| Coinbase International DOT-PERP-INTX | +0.0072% | 1h | 1.1660 | +0.018% | $169K | $2.0M | 50x | as long as short |
| Lighter DOT | +0.0096% | 1h | 1.1655 | −0.028% | $245K | $673K | 10x | as long as short |
| Hyperliquid DOT | +0.0100% | 1h | 1.1654 | −0.033% | $5.5M | $4.6M | 10x | as long as short |
| Aster DOTUSDT | +0.0100% | 8h | 1.1655 | −0.027% | $840K | $621K | 50x | as long as short |
| Binance DOTUSDT | +0.0100% | 8h | 1.1654 | −0.033% | $42.5M | $88.8M | 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 | 1.1648 | −0.085% | $23.7M | $20.4M | 75x | as long as short |
| OKX DOT-USDT-SWAP | +0.0100% | 8h | 1.1653 | −0.042% | $9.0M | $25.3M | 50x | as long as short |
| Gate DOT_USDT | +0.0100% | 8h | 1.1650 | −0.068% | $6.6M | $11.9M | 75x | as long as short |
| MEXC DOT_USDT | +0.0100% | 8h | 1.1653 | −0.042% | $31.9M | $65.4M | 300x | as long as short |
| KuCoin DOTUSDTM | +0.0100% | 8h | 1.1653 | −0.042% | $6.2M | $9.6M | 75x | as long as short |
| Bitget DOTUSDT | +0.0100% | 8h | 1.1650 | −0.068% | $22.5M | $14.5M | 75x | as long as short |
| BingX DOT-USDC | +0.0100% | 8h | 1.1654 | −0.033% | — | $1.3M | — | as long as short |
| Backpack DOT_USDC_PERP | +0.0100% | 1h | 1.1658 | +0.001% | $86K | $134K | 10x | as long as short |
| Variational Omni DOT | +0.0100% | 8h | 1.1630 | −0.243% | $529K | $50K | — | as long as short |
| edgeX DOTUSDC | +0.0100% | 4h | 1.1635 | −0.197% | $34K | $337K | 20x | as long as short |
| GRVT DOT_USDT_Perp | +0.0100% | 8h | 1.1640 | −0.154% | $221K | $427K | 10x | as long as short |
| Orderly PERP_DOT_USDC | +0.0100% | 8h | 1.1650 | −0.068% | $8K | $19K | 10x | as long as short |
| SunX DOT-USDT | +0.0100% | 8h | 1.1663 | +0.044% | $2K | $1.4M | 20x | as long as short |
| HTX DOT-USDT | +0.0100% | 8h | 1.1636 | −0.188% | $263K | $284K | 75x | as long as short |
| Extended DOT-USD | +0.0104% | 1h | 1.1643 | −0.129% | $16K | $271K | 25x | as long as short |
| Phemex DOTUSDTshort | +0.0154% | 8h | 1.1670 | +0.104% | $2.4M | $2.2M | 50x | |
| BloFin DOT-USDT | +0.0220% | 8h | 1.1645 | −0.111% | $1.9M | $909K | 75x | as long as short |
| Kraken Futures PF_DOTUSD | +0.0245% | 1h | 1.1659 | +0.014% | $4.3M | $1.6M | 50x | as long as short |
| GMX DOT/USD [WBTC.b-USDC] | L +0.0290% / S −0.0937% | 1h | 1.1652 | −0.048% | $20K | — | 100x | as long as short |
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
Extended DOT-USD
BloFin DOT-USDT
Kraken Futures PF_DOTUSD
GMX DOT/USD [WBTC.b-USDC]