Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.001%
Price spread now: Backpack against Orderly−0.042%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Backpack is 0.042% cheaper against Orderly than usual: you would sell low and buy high, −$4 on $10k if it goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_DOT_USDC | 1.1830 | 0.0100 | pay 0.0100% / 8h | 4h 49m | $8K | $24K | 10x |
| Short | Backpack DOT_USDC_PERP | 1.1825 | 0.0100 | get 0.0013% / 1h | 49m 48s | $92K | $129K | 10x |
Orderly PERP_DOT_USDC
Backpack DOT_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Orderly. 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
- Price spread: −0.042% → 0.000%
- −$4.23
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$20.23
- Costs to cover
- 0.160%
- Break-even
- never at this rate
Slippage unknown: Orderly: no order-book sample; Backpack: live order book, 8 min ago. Net counts fees only.
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 Orderly no order-book sample | — | — | — | — | — |
| Sell Backpack live order book, 8 min ago | 0.42 bp | 5.9 bp −$6 | 156.9 bp −$1,569 | doesn't fit | doesn't fit |
Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.2361% | 1h | 1.1841 | +0.093% | $226K | $114K | 50x | as long as short |
| Coinbase International DOT-PERP-INTX | −0.0608% | 1h | 1.1830 | 0.000% | $195K | $1.9M | 50x | as long as short |
| Reya DOTRUSDPERP | −0.0166% | 1h | 1.1825 | −0.042% | $256 | — | — | as long as short |
| dYdX DOT-USD | 0.0000% | 1h | 1.1828 | −0.017% | $142K | $6K | 10x | as long as short |
| gTrade (Gains Network) DOT/USD | L 0.0000% / S +0.0004% | 1h | 1.1836 | +0.050% | $3K | — | 150x | as long as short |
| Injective DOT/USDC PERP | +0.0033% | 1h | 1.2020 | +1.606% | $328 | $121K | 12x | as long as short |
| Lighter DOT | +0.0096% | 1h | 1.1834 | +0.030% | $267K | $632K | 10x | as long as short |
| OKX DOT-USDT-SWAP | +0.0097% | 8h | 1.1812 | −0.152% | $9.4M | $24.2M | 50x | as long as short |
| Hyperliquid DOT | +0.0100% | 1h | 1.1828 | −0.017% | $5.3M | $3.4M | 10x | as long as short |
| Aster DOTUSDT | +0.0100% | 8h | 1.1837 | +0.061% | $854K | $581K | 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
Lighter DOT
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 | 1.1827 | −0.029% | $43.4M | $85.0M | 75x | as long as short |
| Bybit DOTUSDT | +0.0100% | 8h | 1.1814 | −0.135% | $24.3M | $18.9M | 75x | as long as short |
| Gate DOT_USDT | +0.0100% | 8h | 1.1830 | 0.000% | $6.7M | $11.7M | 75x | as long as short |
| MEXC DOT_USDT | +0.0100% | 8h | 1.1818 | −0.101% | $36.1M | $51.0M | 300x | as long as short |
| KuCoin DOTUSDTM | +0.0100% | 8h | 1.1828 | −0.017% | $6.5M | $9.1M | 75x | as long as short |
| Bitget DOTUSDT | +0.0100% | 8h | 1.1806 | −0.203% | $22.6M | $14.8M | 75x | as long as short |
| BingX DOT-USDT | +0.0100% | 8h | 1.1822 | −0.068% | — | $29.7M | — | as long as short |
| Backpack DOT_USDC_PERPshort | +0.0100% | 1h | 1.1825 | −0.042% | $92K | $129K | 10x | |
| Variational Omni DOT | +0.0100% | 8h | 1.1834 | +0.037% | $539K | $58K | — | as long as short |
| edgeX DOTUSDC | +0.0100% | 4h | 1.1867 | +0.313% | $35K | $334K | 20x | as long as short |
| GRVT DOT_USDT_Perp | +0.0100% | 8h | 1.1868 | +0.321% | $226K | $407K | 10x | as long as short |
| Orderly PERP_DOT_USDClong | +0.0100% | 8h | 1.1830 | long leg | $8K | $24K | 10x | |
| SunX DOT-USDT | +0.0100% | 8h | 1.1847 | +0.144% | $2K | $1.3M | 20x | as long as short |
| HTX DOT-USDT | +0.0100% | 8h | 1.1848 | +0.152% | $258K | $242K | 75x | as long as short |
| Extended DOT-USD | +0.0104% | 1h | 1.1814 | −0.136% | $14K | $303K | 25x | as long as short |
| Phemex DOTUSDT | +0.0209% | 8h | 1.1840 | +0.085% | $2.3M | $2.2M | 50x | as long as short |
| Kraken Futures PF_DOTUSD | +0.0214% | 1h | 1.1836 | +0.048% | $4.4M | $1.5M | 50x | as long as short |
| BloFin DOT-USDT | +0.0220% | 8h | 1.1837 | +0.059% | $2.2M | $877K | 75x | as long as short |
| GMX DOT/USD [WBTC.b-USDC] | L +0.0301% / S −0.1012% | 1h | 1.1836 | +0.050% | $22K | — | 100x | 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
SunX DOT-USDT
HTX DOT-USDT
Extended DOT-USD
Phemex DOTUSDT
Kraken Futures PF_DOTUSD
BloFin DOT-USDT
GMX DOT/USD [WBTC.b-USDC]