Funding you earn now, next payment 22:00 UTC−0.0006%/8h= −0.7% APRpaid last 24h +0.027%
Price spread now: Backpack against Binance−0.012%7-day average +0.008% · you buy dearer than you sell
Net, funding: paid 7d − costs−$24as in the Funding arb table
Net, price: spread back to 7d avg − costs−$33as in the Price arb table
costs, in and out, $10k−$310.312% of the position
Funding, last 7 days+0.076%+$8 on $10k
+Price spread, last 4 days (all we have)−0.210%−$21 · spread now −0.012%, 7d avg +0.008%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Backpack is 0.020% cheaper against Binance than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of +0.008%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance DOTUSDT | 1.1871 | 0.0098 | pay 0.0098% / 8h | 2h 38m | $43.9M | $79.6M | 75x |
| Short | Backpack DOT_USDC_PERP | 1.1870 | 0.0092 | get 0.0011% / 1h | 38m 00s | $95K | $121K | 10x |
Binance DOTUSDT
Backpack DOT_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Binance. 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
- −$1.34
- Price spread: −0.012% → +0.008%
- −$2.03
- Slippage, 4 orders
- −$11.17
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$34.55
- Costs to cover
- 0.312%
- Break-even
- never at this rate
Slippage from Binance: live order book, 5 min ago; Backpack: live order book, 50 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 Binance live order book, 5 min ago | 0.42 bp | 7.8 bp −$8 | 14.4 bp −$144 | 54.3 bp −$5,435 | doesn't fit |
| Sell Backpack live order book, 50 min ago | 0.42 bp | 6.1 bp −$6 | doesn't fit | 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 | −0.0927% | 1h | 1.1877 | +0.047% | $217K | $117K | 50x | as long as short |
| Reya DOTRUSDPERP | −0.0166% | 1h | 1.1855 | −0.139% | $257 | — | — | as long as short |
| Kraken Futures PF_DOTUSD | −0.0129% | 1h | 1.1875 | +0.032% | $4.4M | $1.3M | 50x | as long as short |
| Injective DOT/USDC PERP | −0.0080% | 1h | 1.1820 | −0.434% | $323 | $83K | 12x | as long as short |
| Coinbase International DOT-PERP-INTX | −0.0064% | 1h | 1.1860 | −0.097% | $190K | $1.8M | 50x | as long as short |
| OKX DOT-USDT-SWAP | −0.0039% | 8h | 1.1878 | +0.055% | $9.3M | $22.9M | 50x | as long as short |
| dYdX DOT-USD | 0.0000% | 1h | 1.1862 | −0.076% | $143K | $6K | 10x | as long as short |
| gTrade (Gains Network) DOT/USD | L 0.0000% / S +0.0004% | 1h | 1.1873 | +0.012% | $3K | — | 150x | as long as short |
| KuCoin DOTUSDTM | +0.0031% | 8h | 1.1867 | −0.038% | $6.8M | $8.6M | 75x | as long as short |
| Backpack DOT_USDC_PERPshort | +0.0092% | 1h | 1.1870 | −0.012% | $95K | $121K | 10x |
Deribit DOT_USDC-PERPETUAL
Reya DOTRUSDPERP
Kraken Futures PF_DOTUSD
Injective DOT/USDC PERP
Coinbase International DOT-PERP-INTX
OKX DOT-USDT-SWAP
dYdX DOT-USD
gTrade (Gains Network) DOT/USD
KuCoin DOTUSDTMShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC DOT_USDT | +0.0095% | 8h | 1.1866 | −0.046% | $32.4M | $34.2M | 300x | as long as short |
| Lighter DOT | +0.0096% | 1h | 1.1870 | −0.009% | $260K | $563K | 10x | as long as short |
| Extended DOT-USD | +0.0096% | 1h | 1.1876 | +0.042% | $15K | $240K | 25x | as long as short |
| Binance DOTUSDTlong | +0.0098% | 8h | 1.1871 | long leg | $43.9M | $79.6M | 75x | |
| Hyperliquid DOT | +0.0100% | 1h | 1.1875 | +0.030% | $5.3M | $3.1M | 10x | as long as short |
| Aster DOTUSDT | +0.0100% | 8h | 1.1868 | −0.028% | $889K | $647K | 50x | as long as short |
| Bybit DOTUSDT | +0.0100% | 8h | 1.1876 | +0.038% | $24.4M | $17.6M | 75x | as long as short |
| Gate DOT_USDT | +0.0100% | 8h | 1.1870 | −0.012% | $6.8M | $11.2M | 75x | as long as short |
| Bitget DOTUSDT | +0.0100% | 8h | 1.1877 | +0.047% | $22.9M | $13.4M | 75x | as long as short |
| BingX DOT-USDT | +0.0100% | 8h | 1.1869 | −0.021% | — | $28.5M | — | as long as short |
| Variational Omni DOT | +0.0100% | 8h | 1.1856 | −0.134% | $539K | $91K | — | as long as short |
| edgeX DOTUSDC | +0.0100% | 4h | 1.1855 | −0.138% | $35K | $331K | 20x | as long as short |
| GRVT DOT_USDT_Perp | +0.0100% | 8h | 1.1857 | −0.121% | $230K | $469K | 10x | as long as short |
| Orderly PERP_DOT_USDC | +0.0100% | 8h | 1.1870 | −0.012% | $8K | $27K | 10x | as long as short |
| SunX DOT-USDT | +0.0100% | 8h | 1.1872 | +0.004% | $1K | $1.2M | 20x | as long as short |
| HTX DOT-USDT | +0.0100% | 8h | 1.1875 | +0.030% | $246K | $206K | 75x | as long as short |
| BloFin DOT-USDT | +0.0216% | 8h | 1.1852 | −0.164% | $2.2M | $755K | 75x | as long as short |
| GMX DOT/USD [WBTC.b-USDC] | L +0.0301% / S −0.1014% | 1h | 1.1873 | +0.015% | $22K | — | 100x | as long as short |
| Phemex DOTUSDT | +0.0380% | 8h | 1.1880 | +0.072% | $2.2M | $2.1M | 50x | as long as short |
MEXC DOT_USDT
Lighter DOT
Extended DOT-USD
Hyperliquid DOT
Aster DOTUSDT
Bybit DOTUSDT
Gate DOT_USDT
Bitget DOTUSDT
BingX DOT-USDT
Variational Omni DOT
edgeX DOTUSDC
GRVT DOT_USDT_Perp
Orderly PERP_DOT_USDC
SunX DOT-USDT
HTX DOT-USDT
BloFin DOT-USDT
GMX DOT/USD [WBTC.b-USDC]
Phemex DOTUSDT