Funding you earn now, next payment 08:00 UTC−0.0008%/8h= −0.9% APRnext payment −$0.08 per $10,000 · paid last 24h −0.087%
Price spread now: Bitget against Phemex−0.153%7-day average −0.185% · you buy dearer than you sell
Net, funding: paid 7d − costs−$140as in the Funding arb table
Net, price: spread back to 7d avg − costs−$67as in the Price arb table
costs, in and out, $10k−$700.702% of the position
Funding, last 7 days−0.702%−$70 on $10k
+Price spread, last 4 days (all we have)+0.024%+$2 · spread now −0.153%, 7d avg −0.185%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bitget is 0.033% dearer against Phemex than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.185%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex DOTUSDT | 1.1800 | 0.0108 | pay 0.0108% / 8h | 2h 59m | $2.4M | $2.2M | 50x |
| Short | Bitget DOTUSDT | 1.1782 | 0.0100 | get 0.0100% / 8h | 2h 59m | $22.5M | $14.6M | 75x |
Phemex DOTUSDT
Bitget DOTUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- −$1.65
- Price spread: −0.153% → −0.185%
- $3.28
- Slippage, 4 orders
- −$46.16
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$68.53
- Costs to cover
- 0.702%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 4 min ago; Bitget: live order book, 4 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, 4 min ago | 4.24 bp | 18.4 bp −$18 | 54.9 bp −$549 | 123.3 bp −$12.3K | doesn't fit |
| Sell Bitget live order book, 4 min ago | 4.24 bp | 17.2 bp −$17 | 18.6 bp −$186 | 57.9 bp −$5,790 | 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 | −0.2876% | 1h | 1.1798 | −0.017% | $234K | $132K | 50x | as long as short |
| Coinbase International DOT-PERP-INTX | −0.0432% | 1h | 1.1790 | −0.085% | $195K | $1.9M | 50x | as long as short |
| Reya DOTRUSDPERP | −0.0166% | 1h | 1.1796 | −0.037% | $255 | — | — | as long as short |
| dYdX DOT-USD | 0.0000% | 1h | 1.1795 | −0.042% | $142K | $6K | 10x | as long as short |
| gTrade (Gains Network) DOT/USD | L 0.0000% / S +0.0004% | 1h | 1.1792 | −0.068% | $3K | — | 150x | as long as short |
| Injective DOT/USDC PERP | +0.0033% | 1h | 1.2020 | +1.864% | $328 | $121K | 12x | as long as short |
| Kraken Futures PF_DOTUSD | +0.0058% | 1h | 1.1794 | −0.054% | $4.4M | $1.4M | 50x | as long as short |
| Lighter DOT | +0.0096% | 1h | 1.1797 | −0.025% | $260K | $644K | 10x | as long as short |
| Hyperliquid DOT | +0.0100% | 1h | 1.1792 | −0.069% | $5.2M | $3.4M | 10x | as long as short |
| Aster DOTUSDT | +0.0100% | 8h | 1.1790 | −0.085% | $840K | $593K | 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
Kraken Futures PF_DOTUSD
Lighter DOT
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 | 1.1787 | −0.110% | $43.2M | $85.3M | 75x | as long as short |
| Bybit DOTUSDT | +0.0100% | 8h | 1.1787 | −0.110% | $24.1M | $18.9M | 75x | as long as short |
| OKX DOT-USDT-SWAP | +0.0100% | 8h | 1.1790 | −0.085% | $9.3M | $24.4M | 50x | as long as short |
| Gate DOT_USDT | +0.0100% | 8h | 1.1780 | −0.169% | $6.6M | $12.0M | 75x | as long as short |
| MEXC DOT_USDT | +0.0100% | 8h | 1.1784 | −0.136% | $25.6M | $56.3M | 300x | as long as short |
| KuCoin DOTUSDTM | +0.0100% | 8h | 1.1787 | −0.110% | $6.3M | $9.2M | 75x | as long as short |
| Bitget DOTUSDTshort | +0.0100% | 8h | 1.1782 | −0.153% | $22.5M | $14.6M | 75x | |
| BingX DOT-USDT | +0.0100% | 8h | 1.1785 | −0.127% | — | $29.8M | — | as long as short |
| Backpack DOT_USDC_PERP | +0.0100% | 1h | 1.1790 | −0.085% | $91K | $130K | 10x | as long as short |
| Variational Omni DOT | +0.0100% | 8h | 1.1787 | −0.106% | $536K | $52K | — | as long as short |
| edgeX DOTUSDC | +0.0100% | 4h | 1.1792 | −0.068% | $35K | $336K | 20x | as long as short |
| GRVT DOT_USDT_Perp | +0.0100% | 8h | 1.1813 | +0.114% | $234K | $432K | 10x | as long as short |
| Orderly PERP_DOT_USDC | +0.0100% | 8h | 1.1790 | −0.085% | $8K | $19K | 10x | as long as short |
| SunX DOT-USDT | +0.0100% | 8h | 1.1816 | +0.136% | $2K | $1.3M | 20x | as long as short |
| HTX DOT-USDT | +0.0100% | 8h | 1.1789 | −0.093% | $261K | $262K | 75x | as long as short |
| Extended DOT-USD | +0.0104% | 1h | 1.1779 | −0.175% | $15K | $246K | 25x | as long as short |
| Phemex DOTUSDTlong | +0.0108% | 8h | 1.1800 | long leg | $2.4M | $2.2M | 50x | |
| BloFin DOT-USDT | +0.0220% | 8h | 1.1793 | −0.059% | $2.2M | $880K | 75x | as long as short |
| GMX DOT/USD [WBTC.b-USDC] | L +0.0301% / S −0.1012% | 1h | 1.1791 | −0.074% | $22K | — | 100x | as long as short |
Binance DOTUSDT
Bybit DOTUSDT
OKX DOT-USDT-SWAP
Gate DOT_USDT
MEXC DOT_USDT
KuCoin DOTUSDTM
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]