Funding you earn now, next payment 00:00 UTC−0.0194%/8h= −21.2% APRnext payment −$1.94 per $10,000 · paid last 24h −0.133%
Price spread now: Aster against Phemex−0.112%7-day average −0.187% · you buy dearer than you sell
Net, funding: paid 7d − costs−$150as in the Funding arb table
Net, price: spread back to 7d avg − costs−$68as in the Price arb table
costs, in and out, $10k−$760.756% of the position
Funding, last 7 days−0.740%−$74 on $10k
+Price spread, last 3 days (all we have)−0.068%−$7 · spread now −0.112%, 7d avg −0.187%
=Together, before fees−0.808%+ Points / potential airdropAster: Stage 5 · farm board−$81 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Aster is 0.075% dearer against Phemex than usual: you sell high and buy low (spread −0.112% now, against its 7-day average of −0.187%): +$8 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 31 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex DOTUSDT | 1.2180 | 0.0294 | pay 0.0294% / 8h | 48m 42s | $2.3M | $2.1M | 50x |
| Short | Aster DOTUSDT | 1.2166 | 0.0100 | get 0.0100% / 8h | 48m 42s | $886K | $689K | 50x |
Phemex DOTUSDT
Aster DOTUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aster against Phemex. 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
- −$40.67
- Price spread: −0.112% → −0.187%
- $7.54
- Slippage, 4 orders
- −$55.59
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- −$108.73
- Costs to cover
- 0.756%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 5 min ago; Aster: live order book, 29 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 Phemex live order book, 5 min ago | 4.11 bp | 23.3 bp −$23 | 59.5 bp −$595 | 115.0 bp −$11.5K | doesn't fit |
| Sell Aster live order book, 29 min ago | 8.29 bp | 15.5 bp −$16 | 115.9 bp −$1,159 | 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 | −0.0817% | 1h | 1.2175 | −0.041% | $222K | $117K | 50x | as long as short |
| Reya DOTRUSDPERP | −0.0166% | 1h | 1.2164 | −0.134% | $263 | — | — | as long as short |
| Coinbase International DOT-PERP-INTX | −0.0056% | 1h | 1.2170 | −0.082% | $209K | $1.8M | 50x | as long as short |
| dYdX DOT-USD | 0.0000% | 1h | 1.2168 | −0.096% | $147K | $6K | 10x | as long as short |
| gTrade (Gains Network) DOT/USD | L 0.0000% / S +0.0004% | 1h | 1.2173 | −0.058% | $5K | — | 150x | as long as short |
| OKX DOT-USDT-SWAP | +0.0002% | 8h | 1.2168 | −0.099% | $9.6M | $24.3M | 50x | as long as short |
| Kraken Futures PF_DOTUSD | +0.0031% | 1h | 1.2173 | −0.061% | $4.5M | $1.4M | 50x | as long as short |
| Injective DOT/USDC PERP | +0.0033% | 1h | 1.2020 | −1.314% | $328 | $121K | 12x | as long as short |
| KuCoin DOTUSDTM | +0.0048% | 8h | 1.2175 | −0.041% | $6.8M | $8.8M | 75x | as long as short |
| Lighter DOT | +0.0096% | 1h | 1.2173 | −0.060% | $249K | $602K | 10x | as long as short |
Deribit DOT_USDC-PERPETUAL
Reya DOTRUSDPERP
Coinbase International DOT-PERP-INTX
dYdX DOT-USD
gTrade (Gains Network) DOT/USD
OKX DOT-USDT-SWAP
Kraken Futures PF_DOTUSD
Injective DOT/USDC PERP
KuCoin DOTUSDTM
Lighter DOTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid DOT | +0.0100% | 1h | 1.2172 | −0.066% | $5.4M | $3.4M | 10x | as long as short |
| Aster DOTUSDTshort | +0.0100% | 8h | 1.2166 | −0.112% | $886K | $689K | 50x | |
| Binance DOTUSDT | +0.0100% | 8h | 1.2171 | −0.071% | $45.1M | $82.3M | 75x | as long as short |
| Bybit DOTUSDT | +0.0100% | 8h | 1.2166 | −0.115% | $25.0M | $18.4M | 75x | as long as short |
| Gate DOT_USDT | +0.0100% | 8h | 1.2170 | −0.082% | $6.9M | $11.7M | 75x | as long as short |
| MEXC DOT_USDT | +0.0100% | 8h | 1.2170 | −0.082% | $30.9M | $39.0M | 300x | as long as short |
| Bitget DOTUSDT | +0.0100% | 8h | 1.2172 | −0.066% | $23.4M | $14.7M | 75x | as long as short |
| BingX DOT-USDT | +0.0100% | 8h | 1.2168 | −0.099% | — | $28.6M | — | as long as short |
| Backpack DOT_USDC_PERP | +0.0100% | 1h | 1.2164 | −0.131% | $97K | $128K | 10x | as long as short |
| Variational Omni DOT | +0.0100% | 8h | 1.2157 | −0.189% | $552K | $61K | — | as long as short |
| edgeX DOTUSDC | +0.0100% | 4h | 1.2156 | −0.195% | $36K | $333K | 20x | as long as short |
| GRVT DOT_USDT_Perp | +0.0100% | 8h | 1.2160 | −0.164% | $235K | $457K | 10x | as long as short |
| Orderly PERP_DOT_USDC | +0.0100% | 8h | 1.2160 | −0.164% | $8K | $24K | 10x | as long as short |
| SunX DOT-USDT | +0.0100% | 8h | 1.2186 | +0.049% | $2K | $1.3M | 20x | as long as short |
| HTX DOT-USDT | +0.0100% | 8h | 1.2148 | −0.263% | $251K | $220K | 75x | as long as short |
| Extended DOT-USD | +0.0104% | 1h | 1.2165 | −0.127% | $15K | $235K | 25x | as long as short |
| BloFin DOT-USDT | +0.0220% | 8h | 1.2167 | −0.107% | $2.3M | $793K | 75x | as long as short |
| Phemex DOTUSDTlong | +0.0294% | 8h | 1.2180 | long leg | $2.3M | $2.1M | 50x | |
| GMX DOT/USD [WBTC.b-USDC] | L +0.0305% / S −0.1025% | 1h | 1.2172 | −0.069% | $23K | — | 100x | as long as short |
Hyperliquid DOT
Binance DOTUSDT
Bybit DOTUSDT
Gate DOT_USDT
MEXC DOT_USDT
Bitget DOTUSDT
BingX DOT-USDT
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
GMX DOT/USD [WBTC.b-USDC]