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: Orderly against Phemex−0.086%7-day average — · you buy dearer than you sell
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 against this trade now: funding costs −$3 a day on $10k at the current rate, and Orderly is 0.086% cheaper against Phemex than usual: you would sell low and buy high (−$9 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex DOTUSDT | 1.1640 | 0.0195 | pay 0.0195% / 8h | 1h 03m | $2.4M | $2.2M | 50x |
| Short | Orderly PERP_DOT_USDC | 1.1630 | 0.0100 | get 0.0100% / 8h | 1h 03m | $8K | $19K | 10x |
Phemex DOTUSDT
Orderly PERP_DOT_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly 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
- −$19.85
- Price spread: −0.086% → 0.000%
- −$8.59
- Slippage, 4 orders
- no order book: not counted
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$46.44
- Costs to cover
- 0.180%
- Break-even
- never at this rate
Slippage unknown: Phemex: live order book, 5 min ago; Orderly: 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, 5 min ago | 8.57 bp | 20.8 bp −$21 | 57.7 bp −$577 | 112.9 bp −$11.3K | doesn't fit |
| Sell Orderly no order-book sample | — | — | — | — | — |
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 | −0.077% | $246K | $152K | 50x | as long as short |
| Coinbase International DOT-PERP-INTX | −0.0440% | 1h | 1.1630 | −0.086% | $169K | $2.0M | 50x | as long as short |
| Reya DOTRUSDPERP | −0.0166% | 1h | 1.1618 | −0.192% | $251 | — | — | as long as short |
| dYdX DOT-USD | 0.0000% | 1h | 1.1636 | −0.036% | $140K | $6K | 10x | as long as short |
| gTrade (Gains Network) DOT/USD | L 0.0000% / S +0.0004% | 1h | 1.1635 | −0.046% | $3K | — | 150x | as long as short |
| Injective DOT/USDC PERP | +0.0033% | 1h | 1.2020 | +3.265% | $328 | $121K | 12x | as long as short |
| Lighter DOT | +0.0096% | 1h | 1.1623 | −0.143% | $246K | $677K | 10x | as long as short |
| Hyperliquid DOT | +0.0100% | 1h | 1.1623 | −0.146% | $5.6M | $4.6M | 10x | as long as short |
| Aster DOTUSDT | +0.0100% | 8h | 1.1629 | −0.091% | $837K | $607K | 50x | as long as short |
| Binance DOTUSDT | +0.0100% | 8h | 1.1621 | −0.163% | $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 | 1.1617 | −0.198% | $23.6M | $20.2M | 75x | as long as short |
| OKX DOT-USDT-SWAP | +0.0100% | 8h | 1.1620 | −0.172% | $9.0M | $25.3M | 50x | as long as short |
| Gate DOT_USDT | +0.0100% | 8h | 1.1620 | −0.172% | $6.7M | $12.9M | 75x | as long as short |
| MEXC DOT_USDT | +0.0100% | 8h | 1.1622 | −0.155% | $35.2M | $62.0M | 300x | as long as short |
| KuCoin DOTUSDTM | +0.0100% | 8h | 1.1624 | −0.137% | $6.2M | $9.4M | 75x | as long as short |
| Bitget DOTUSDT | +0.0100% | 8h | 1.1620 | −0.172% | $22.2M | $14.8M | 75x | as long as short |
| BingX DOT-USDT | +0.0100% | 8h | 1.1619 | −0.180% | — | $9.4M | — | as long as short |
| Backpack DOT_USDC_PERP | +0.0100% | 1h | 1.1621 | −0.163% | $90K | $130K | 10x | as long as short |
| Variational Omni DOT | +0.0100% | 8h | 1.1650 | +0.090% | $530K | $51K | — | as long as short |
| edgeX DOTUSDC | +0.0100% | 4h | 1.1648 | +0.067% | $34K | $336K | 20x | as long as short |
| GRVT DOT_USDT_Perp | +0.0100% | 8h | 1.1644 | +0.038% | $223K | $433K | 10x | as long as short |
| Orderly PERP_DOT_USDCshort | +0.0100% | 8h | 1.1630 | −0.086% | $8K | $19K | 10x | |
| SunX DOT-USDT | +0.0100% | 8h | 1.1641 | +0.009% | $2K | $1.3M | 20x | as long as short |
| HTX DOT-USDT | +0.0100% | 8h | 1.1643 | +0.026% | $262K | $281K | 75x | as long as short |
| Extended DOT-USD | +0.0104% | 1h | 1.1616 | −0.205% | $13K | $259K | 25x | as long as short |
| Phemex DOTUSDTlong | +0.0195% | 8h | 1.1640 | long leg | $2.4M | $2.2M | 50x | |
| BloFin DOT-USDT | +0.0220% | 8h | 1.1622 | −0.155% | $1.9M | $899K | 75x | as long as short |
| GMX DOT/USD [WBTC.b-USDC] | L +0.0290% / S −0.0937% | 1h | 1.1620 | −0.168% | $20K | — | 100x | as long as short |
| Kraken Futures PF_DOTUSD | +0.0329% | 1h | 1.1629 | −0.096% | $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