Funding you earn now, next payment 02:00 UTC−0.0288%/8h= −31.5% APRpaid last 24h −0.110%
Price spread now: Injective against Phemex+0.167%65s7-day average +0.362% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.790%−$79 on $10k
+Price spread, last 3 days (all we have)−0.152%−$15 · spread now +0.167%, 7d avg +0.362%
=Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Injective is 0.196% cheaper against Phemex than usual: you would sell low and buy high (−$20 if the spread goes back to its 7-day average of +0.362%). Swap the legs. The two prices were read 65 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex DOTUSDT | 1.2000 | 0.0321 | pay 0.0321% / 8h | 6h 00m | $2.3M | $2.2M | 50x |
| Short | Injective DOT/USDC PERP | 1.2020 | 0.0033 | get 0.0004% / 1h | 0m 03s | $328 | $121K | 12x |
Phemex DOTUSDT
Injective DOT/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- −$60.48
- Price spread: +0.167% → +0.362%
- −$19.57
- Slippage, 4 orders
- no order book: not counted
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$92.06
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: Phemex: live order book, 3 min ago; Injective: no order-book sample. 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 Phemex live order book, 3 min ago | 8.32 bp | 23.8 bp −$24 | 58.7 bp −$587 | 111.6 bp −$11.2K | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
Injective: 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 28 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 | −0.0250% | 1h | 1.1993 | −0.058% | $219K | $116K | 50x | as long as short |
| Reya DOTRUSDPERP | −0.0166% | 1h | 1.1984 | −0.134% | $259 | — | — | as long as short |
| Coinbase International DOT-PERP-INTX | −0.0024% | 1h | 1.2000 | 0.000% | $197K | $2.0M | 50x | as long as short |
| dYdX DOT-USD | 0.0000% | 1h | 1.2006 | +0.047% | $145K | $6K | 10x | as long as short |
| gTrade (Gains Network) DOT/USD | L 0.0000% / S +0.0004% | 1h | 1.1988 | −0.099% | $3K | — | 150x | as long as short |
| Injective DOT/USDC PERPshort | +0.0033% | 1h | 1.2020 | +0.167% | $328 | $121K | 12x | |
| OKX DOT-USDT-SWAP | +0.0067% | 8h | 1.1993 | −0.058% | $9.4M | $24.2M | 50x | as long as short |
| Lighter DOT | +0.0096% | 1h | 1.1996 | −0.036% | $271K | $630K | 10x | as long as short |
| Hyperliquid DOT | +0.0100% | 1h | 1.1993 | −0.058% | $5.4M | $3.4M | 10x | as long as short |
| Aster DOTUSDT | +0.0100% | 8h | 1.2001 | +0.006% | $868K | $705K | 50x | 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
Lighter DOT
Hyperliquid DOT
Aster DOTUSDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance DOTUSDT | +0.0100% | 8h | 1.1996 | −0.033% | $44.3M | $84.8M | 75x | as long as short |
| Bybit DOTUSDT | +0.0100% | 8h | 1.1992 | −0.067% | $24.6M | $18.9M | 75x | as long as short |
| Gate DOT_USDT | +0.0100% | 8h | 1.1990 | −0.083% | $6.8M | $11.8M | 75x | as long as short |
| MEXC DOT_USDT | +0.0100% | 8h | 1.1990 | −0.083% | $27.3M | $48.0M | 300x | as long as short |
| KuCoin DOTUSDTM | +0.0100% | 8h | 1.1988 | −0.100% | $6.5M | $9.2M | 75x | as long as short |
| Bitget DOTUSDT | +0.0100% | 8h | 1.1990 | −0.083% | $22.9M | $14.7M | 75x | as long as short |
| BingX DOT-USDT | +0.0100% | 8h | 1.1988 | −0.100% | — | $29.8M | — | as long as short |
| Backpack DOT_USDC_PERP | +0.0100% | 1h | 1.1987 | −0.108% | $95K | $123K | 10x | as long as short |
| Variational Omni DOT | +0.0100% | 8h | 1.2004 | +0.037% | $546K | $58K | — | as long as short |
| edgeX DOTUSDC | +0.0100% | 4h | 1.2006 | +0.047% | $35K | $335K | 20x | as long as short |
| GRVT DOT_USDT_Perp | +0.0100% | 8h | 1.2007 | +0.055% | $233K | $431K | 10x | as long as short |
| Orderly PERP_DOT_USDC | +0.0100% | 8h | 1.1990 | −0.083% | $8K | $23K | 10x | as long as short |
| SunX DOT-USDT | +0.0100% | 8h | 1.2020 | +0.167% | $2K | $1.3M | 20x | as long as short |
| HTX DOT-USDT | +0.0100% | 8h | 1.2005 | +0.042% | $258K | $236K | 75x | as long as short |
| Extended DOT-USD | +0.0104% | 1h | 1.1990 | −0.082% | $14K | $300K | 25x | as long as short |
| Kraken Futures PF_DOTUSD | +0.0196% | 1h | 1.1997 | −0.023% | $4.5M | $1.5M | 50x | as long as short |
| GMX DOT/USD [WBTC.b-USDC] | L +0.0303% / S −0.1012% | 1h | 1.1984 | −0.133% | $22K | — | 100x | as long as short |
| Phemex DOTUSDTlong | +0.0321% | 8h | 1.2000 | long leg | $2.3M | $2.2M | 50x |
Binance DOTUSDT
Bybit DOTUSDT
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
Orderly PERP_DOT_USDC
SunX DOT-USDT
HTX DOT-USDT
Extended DOT-USD
Kraken Futures PF_DOTUSD
GMX DOT/USD [WBTC.b-USDC]