Funding you earn now, next payment 08:00 UTC−0.0063%/8h= −6.9% APRnext payment −$0.63 per $10,000 · paid last 24h −0.103%
Price spread now: KuCoin against Phemex−0.026%7-day average −0.171% · you buy dearer than you sell
Net, funding: paid 7d − costs−$142as in the Funding arb table
Net, price: spread back to 7d avg − costs−$55as in the Price arb table
costs, in and out, $10k−$690.694% of the position
Funding, last 7 days−0.726%−$73 on $10k
+Price spread, last 4 days (all we have)−0.124%−$12 · spread now −0.026%, 7d avg −0.171%
=The price spread pays, funding is against you. KuCoin is 0.145% dearer against Phemex than usual: you sell high and buy low (spread −0.026% now, against its 7-day average of −0.171%): +$15 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 7.7 days. At the pace of the last 7 days (−0.726% in total) that is about 34 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex DOTUSDT | 1.1670 | 0.0163 | pay 0.0163% / 8h | 1h 23m | $2.4M | $2.2M | 50x |
| Short | KuCoin DOTUSDTM | 1.1667 | 0.0100 | get 0.0100% / 8h | 1h 23m | $6.2M | $9.4M | 75x |
Phemex DOTUSDT
KuCoin DOTUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- −$13.21
- Price spread: −0.026% → −0.171%
- $14.53
- Slippage, 4 orders
- −$45.44
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$68.12
- Costs to cover
- 0.694%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 5 min ago; KuCoin: live order book, 5 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 | 8.59 bp | 20.5 bp −$21 | 53.1 bp −$531 | 118.8 bp −$11.9K | doesn't fit |
| Sell KuCoin live order book, 5 min ago | 1.29 bp | 15.1 bp −$15 | 45.5 bp −$455 | 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 | −0.3672% | 1h | 1.1684 | +0.120% | $247K | $152K | 50x | as long as short |
| Coinbase International DOT-PERP-INTX | −0.0440% | 1h | 1.1680 | +0.086% | $170K | $2.0M | 50x | as long as short |
| Reya DOTRUSDPERP | −0.0166% | 1h | 1.1672 | +0.014% | $253 | — | — | as long as short |
| dYdX DOT-USD | 0.0000% | 1h | 1.1679 | +0.076% | $141K | $6K | 10x | as long as short |
| gTrade (Gains Network) DOT/USD | L 0.0000% / S +0.0004% | 1h | 1.1675 | +0.045% | $3K | — | 150x | as long as short |
| Injective DOT/USDC PERP | +0.0033% | 1h | 1.2020 | +2.999% | $328 | $121K | 12x | as long as short |
| Lighter DOT | +0.0096% | 1h | 1.1675 | +0.040% | $247K | $677K | 10x | as long as short |
| Hyperliquid DOT | +0.0100% | 1h | 1.1669 | −0.009% | $5.6M | $4.6M | 10x | as long as short |
| Aster DOTUSDT | +0.0100% | 8h | 1.1670 | 0.000% | $840K | $607K | 50x | as long as short |
| Binance DOTUSDT | +0.0100% | 8h | 1.1669 | −0.009% | $42.5M | $88.7M | 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 | 1.1664 | −0.051% | $23.6M | $20.2M | 75x | as long as short |
| OKX DOT-USDT-SWAP | +0.0100% | 8h | 1.1668 | −0.017% | $9.0M | $25.4M | 50x | as long as short |
| Gate DOT_USDT | +0.0100% | 8h | 1.1680 | +0.086% | $6.7M | $12.9M | 75x | as long as short |
| MEXC DOT_USDT | +0.0100% | 8h | 1.1665 | −0.043% | $34.1M | $61.3M | 300x | as long as short |
| KuCoin DOTUSDTMshort | +0.0100% | 8h | 1.1667 | −0.026% | $6.2M | $9.4M | 75x | |
| Bitget DOTUSDT | +0.0100% | 8h | 1.1670 | 0.000% | $22.3M | $14.8M | 75x | as long as short |
| BingX DOT-USDT | +0.0100% | 8h | 1.1671 | +0.009% | — | $9.5M | — | as long as short |
| Backpack DOT_USDC_PERP | +0.0100% | 1h | 1.1671 | +0.009% | $91K | $131K | 10x | as long as short |
| Variational Omni DOT | +0.0100% | 8h | 1.1667 | −0.022% | $531K | $51K | — | as long as short |
| edgeX DOTUSDC | +0.0100% | 4h | 1.1633 | −0.316% | $34K | $334K | 20x | as long as short |
| GRVT DOT_USDT_Perp | +0.0100% | 8h | 1.1630 | −0.344% | $230K | $425K | 10x | as long as short |
| Orderly PERP_DOT_USDC | +0.0100% | 8h | 1.1680 | +0.086% | $8K | $19K | 10x | as long as short |
| SunX DOT-USDT | +0.0100% | 8h | 1.1694 | +0.206% | $2K | $1.3M | 20x | as long as short |
| HTX DOT-USDT | +0.0100% | 8h | 1.1688 | +0.154% | $263K | $279K | 75x | as long as short |
| Extended DOT-USD | +0.0104% | 1h | 1.1672 | +0.014% | $13K | $238K | 25x | as long as short |
| Phemex DOTUSDTlong | +0.0163% | 8h | 1.1670 | long leg | $2.4M | $2.2M | 50x | |
| BloFin DOT-USDT | +0.0220% | 8h | 1.1672 | +0.017% | $2.1M | $898K | 75x | as long as short |
| GMX DOT/USD [WBTC.b-USDC] | L +0.0291% / S −0.0937% | 1h | 1.1675 | +0.044% | $20K | — | 100x | as long as short |
| Kraken Futures PF_DOTUSD | +0.0327% | 1h | 1.1683 | +0.109% | $4.3M | $1.4M | 50x | as long as short |
Bybit DOTUSDT
OKX DOT-USDT-SWAP
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]
Kraken Futures PF_DOTUSD