Funding you earn now, next payment 08:00 UTC+0.0095%/8h= +10.3% APRnext payment +$0.95 per $10,000 · paid last 24h +0.086%
Price spread now: Phemex against Orderly+0.086%7-day average — · you sell dearer than you buy
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
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Phemex is 0.086% dearer against Orderly than usual: you sell high and buy low: +$9 more if the spread 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 | 1.1630 | 0.0100 | pay 0.0100% / 8h | 1h 03m | $8K | $19K | 10x |
| Short | Phemex DOTUSDT | 1.1640 | 0.0195 | get 0.0195% / 8h | 1h 03m | $2.4M | $2.2M | 50x |
Orderly PERP_DOT_USDC
Phemex DOTUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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
- $19.85
- Price spread: +0.086% → 0.000%
- $8.6
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- $10.45
- Costs to cover
- 0.180%
- Break-even
- 3.3 days
Slippage unknown: Orderly: no order-book sample; Phemex: live order book, 6 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 Phemex live order book, 6 min ago | 8.57 bp | 16.0 bp −$16 | 47.7 bp −$477 | 109.3 bp −$10.9K | 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 | −0.3945% | 1h | 1.1631 | +0.009% | $246K | $152K | 50x | as long as short |
| Coinbase International DOT-PERP-INTX | −0.0440% | 1h | 1.1630 | 0.000% | $169K | $2.0M | 50x | as long as short |
| Reya DOTRUSDPERP | −0.0166% | 1h | 1.1618 | −0.107% | $251 | — | — | as long as short |
| dYdX DOT-USD | 0.0000% | 1h | 1.1636 | +0.050% | $140K | $6K | 10x | as long as short |
| gTrade (Gains Network) DOT/USD | L 0.0000% / S +0.0004% | 1h | 1.1635 | +0.040% | $3K | — | 150x | as long as short |
| Injective DOT/USDC PERP | +0.0033% | 1h | 1.2020 | +3.353% | $328 | $121K | 12x | as long as short |
| Lighter DOT | +0.0096% | 1h | 1.1623 | −0.058% | $246K | $677K | 10x | as long as short |
| Hyperliquid DOT | +0.0100% | 1h | 1.1621 | −0.077% | $5.6M | $4.6M | 10x | as long as short |
| Aster DOTUSDT | +0.0100% | 8h | 1.1629 | −0.010% | $837K | $607K | 50x | as long as short |
| Binance DOTUSDT | +0.0100% | 8h | 1.1620 | −0.086% | $42.4M | $88.9M | 75x | 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
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 | 1.1616 | −0.120% | $23.6M | $20.2M | 75x | as long as short |
| OKX DOT-USDT-SWAP | +0.0100% | 8h | 1.1618 | −0.103% | $9.0M | $25.2M | 50x | as long as short |
| Gate DOT_USDT | +0.0100% | 8h | 1.1620 | −0.086% | $6.7M | $12.9M | 75x | as long as short |
| MEXC DOT_USDT | +0.0100% | 8h | 1.1622 | −0.069% | $35.2M | $62.0M | 300x | as long as short |
| KuCoin DOTUSDTM | +0.0100% | 8h | 1.1624 | −0.052% | $6.2M | $9.4M | 75x | as long as short |
| Bitget DOTUSDT | +0.0100% | 8h | 1.1620 | −0.086% | $22.2M | $14.8M | 75x | as long as short |
| BingX DOT-USDT | +0.0100% | 8h | 1.1619 | −0.095% | — | $9.4M | — | as long as short |
| Backpack DOT_USDC_PERP | +0.0100% | 1h | 1.1621 | −0.077% | $90K | $130K | 10x | as long as short |
| Variational Omni DOT | +0.0100% | 8h | 1.1650 | +0.176% | $530K | $51K | — | as long as short |
| edgeX DOTUSDC | +0.0100% | 4h | 1.1648 | +0.153% | $34K | $336K | 20x | as long as short |
| GRVT DOT_USDT_Perp | +0.0100% | 8h | 1.1644 | +0.124% | $223K | $433K | 10x | as long as short |
| Orderly PERP_DOT_USDClong | +0.0100% | 8h | 1.1630 | long leg | $8K | $19K | 10x | |
| SunX DOT-USDT | +0.0100% | 8h | 1.1641 | +0.095% | $2K | $1.3M | 20x | as long as short |
| HTX DOT-USDT | +0.0100% | 8h | 1.1643 | +0.112% | $262K | $281K | 75x | as long as short |
| Extended DOT-USD | +0.0104% | 1h | 1.1614 | −0.140% | $13K | $259K | 25x | as long as short |
| Phemex DOTUSDTshort | +0.0195% | 8h | 1.1640 | +0.086% | $2.4M | $2.2M | 50x | |
| BloFin DOT-USDT | +0.0220% | 8h | 1.1622 | −0.069% | $1.9M | $899K | 75x | as long as short |
| GMX DOT/USD [WBTC.b-USDC] | L +0.0290% / S −0.0937% | 1h | 1.1620 | −0.082% | $20K | — | 100x | as long as short |
| Kraken Futures PF_DOTUSD | +0.0329% | 1h | 1.1629 | −0.010% | $4.3M | $1.5M | 50x | as long as short |
Bybit DOTUSDT
OKX DOT-USDT-SWAP
Gate DOT_USDT
MEXC DOT_USDT
KuCoin DOTUSDTM
Bitget DOTUSDT
BingX DOT-USDT
Backpack DOT_USDC_PERP
Variational Omni DOT
edgeX DOTUSDC
GRVT DOT_USDT_Perp
SunX DOT-USDT
HTX DOT-USDT
Extended DOT-USD
BloFin DOT-USDT
GMX DOT/USD [WBTC.b-USDC]
Kraken Futures PF_DOTUSD