Funding you earn now, next payment 03:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.01 per $10,000 · paid last 24h +0.001%
Price spread now: Backpack against Lighter−0.194%7-day average −0.008% · you buy dearer than you sell
Net, funding: paid 7d − costs−$38as in the Funding arb table
Net, price: spread back to 7d avg − costs−$50as in the Price arb table
costs, in and out, $10k−$310.313% of the position
Funding, last 7 days−0.063%−$6 on $10k
+Price spread, last 4 days (all we have)−0.266%−$27 · spread now −0.194%, 7d avg −0.008%
=Together, before fees−0.329%+ Points / potential airdropLighter: Season 3 · farm board−$33 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Backpack is 0.186% cheaper against Lighter than usual: you would sell low and buy high, −$19 on $10k if it goes back to its 7-day average of −0.008%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter DOT | 1.1900 | 0.0096 | pay 0.0012% / 1h | 38m 42s | $269K | $631K | 10x |
| Short | Backpack DOT_USDC_PERP | 1.1877 | 0.0100 | get 0.0013% / 1h | 38m 42s | $95K | $128K | 10x |
Lighter DOT
Backpack DOT_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Lighter. 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
- $0.84
- Price spread: −0.194% → −0.008%
- −$18.63
- Slippage, 4 orders
- −$21.29
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$49.09
- Costs to cover
- 0.313%
- Break-even
- 416.0 days
Slippage from Lighter: live order book, 17 min ago; Backpack: live order book, 24 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 Lighter live order book, 17 min ago | 2.05 bp | 5.1 bp −$5 | 11.9 bp −$119 | doesn't fit | doesn't fit |
| Sell Backpack live order book, 24 min ago | 0.42 bp | 6.1 bp −$6 | 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 | −0.2350% | 1h | 1.1890 | −0.085% | $227K | $137K | 50x | as long as short |
| Coinbase International DOT-PERP-INTX | −0.0376% | 1h | 1.1910 | +0.083% | $196K | $2.0M | 50x | as long as short |
| Reya DOTRUSDPERP | −0.0166% | 1h | 1.1880 | −0.169% | $257 | — | — | as long as short |
| dYdX DOT-USD | 0.0000% | 1h | 1.1894 | −0.054% | $143K | $6K | 10x | as long as short |
| gTrade (Gains Network) DOT/USD | L 0.0000% / S +0.0004% | 1h | 1.1885 | −0.127% | $3K | — | 150x | as long as short |
| Injective DOT/USDC PERP | +0.0033% | 1h | 1.2020 | +1.008% | $328 | $121K | 12x | as long as short |
| OKX DOT-USDT-SWAP | +0.0084% | 8h | 1.1893 | −0.060% | $9.3M | $24.1M | 50x | as long as short |
| Lighter DOTlong | +0.0096% | 1h | 1.1900 | long leg | $269K | $631K | 10x | |
| Hyperliquid DOT | +0.0100% | 1h | 1.1893 | −0.060% | $5.3M | $3.5M | 10x | as long as short |
| Aster DOTUSDT | +0.0100% | 8h | 1.1882 | −0.155% | $859K | $706K | 50x | as long as short |
Deribit DOT_USDC-PERPETUAL
Coinbase International DOT-PERP-INTX
Reya DOTRUSDPERP
dYdX DOT-USD
gTrade (Gains Network) DOT/USD
Injective DOT/USDC PERP
OKX DOT-USDT-SWAP
Hyperliquid DOT
Aster DOTUSDTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance DOTUSDT | +0.0100% | 8h | 1.1894 | −0.051% | $43.9M | $85.1M | 75x | as long as short |
| Bybit DOTUSDT | +0.0100% | 8h | 1.1893 | −0.060% | $24.5M | $19.0M | 75x | as long as short |
| Gate DOT_USDT | +0.0100% | 8h | 1.1880 | −0.169% | $6.7M | $11.7M | 75x | as long as short |
| MEXC DOT_USDT | +0.0100% | 8h | 1.1895 | −0.043% | $30.2M | $48.6M | 300x | as long as short |
| KuCoin DOTUSDTM | +0.0100% | 8h | 1.1886 | −0.118% | $6.4M | $9.2M | 75x | as long as short |
| Bitget DOTUSDT | +0.0100% | 8h | 1.1884 | −0.135% | $22.7M | $14.8M | 75x | as long as short |
| BingX DOT-USDT | +0.0100% | 8h | 1.1885 | −0.127% | — | $29.8M | — | as long as short |
| Backpack DOT_USDC_PERPshort | +0.0100% | 1h | 1.1877 | −0.194% | $95K | $128K | 10x | |
| Variational Omni DOT | +0.0100% | 8h | 1.1937 | +0.312% | $543K | $58K | — | as long as short |
| edgeX DOTUSDC | +0.0100% | 4h | 1.1938 | +0.315% | $35K | $333K | 20x | as long as short |
| GRVT DOT_USDT_Perp | +0.0100% | 8h | 1.1960 | +0.504% | $232K | $431K | 10x | as long as short |
| Orderly PERP_DOT_USDC | +0.0100% | 8h | 1.1890 | −0.085% | $8K | $23K | 10x | as long as short |
| SunX DOT-USDT | +0.0100% | 8h | 1.1905 | +0.041% | $2K | $1.3M | 20x | as long as short |
| HTX DOT-USDT | +0.0100% | 8h | 1.1896 | −0.034% | $259K | $242K | 75x | as long as short |
| Extended DOT-USD | +0.0104% | 1h | 1.1880 | −0.167% | $17K | $303K | 25x | as long as short |
| BloFin DOT-USDT | +0.0220% | 8h | 1.1879 | −0.177% | $2.2M | $861K | 75x | as long as short |
| GMX DOT/USD [WBTC.b-USDC] | L +0.0302% / S −0.1012% | 1h | 1.1882 | −0.154% | $22K | — | 100x | as long as short |
| Phemex DOTUSDT | +0.0326% | 8h | 1.1890 | −0.085% | $2.3M | $2.2M | 50x | as long as short |
| Kraken Futures PF_DOTUSD | +0.0412% | 1h | 1.1889 | −0.096% | $4.4M | $1.5M | 50x | as long as short |
Binance DOTUSDT
Bybit DOTUSDT
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
BloFin DOT-USDT
GMX DOT/USD [WBTC.b-USDC]
Phemex DOTUSDT
Kraken Futures PF_DOTUSD