Funding you earn now, next payment 00:00 UTC+0.0194%/8h= +21.2% APRnext payment +$1.94 per $10,000 · paid last 24h +0.116%
Price spread now: Phemex against BingX+0.099%7-day average +0.191% · you sell dearer than you buy
Net, funding: paid 7d − costs+$10as in the Funding arb table
Net, price: spread back to 7d avg − costs−$68as in the Price arb table
costs, in and out, $10k−$590.586% of the position
Funding, last 7 days+0.688%+$69 on $10k
+Price spread, last 3 days (all we have)+0.048%+$5 · spread now +0.099%, 7d avg +0.191%
=Funding pays, the price is against you. Phemex is 0.093% cheaper against BingX than usual: you would sell low and buy high (spread +0.099% now, against its 7-day average of +0.191%). If the spread goes back, that is −$9 on $10k: about 38 hours of funding at the current rate (+$6 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX DOT-USDT | 1.2168 | 0.0100 | pay 0.0100% / 8h | 48m 38s | — | $28.6M | — |
| Short | Phemex DOTUSDT | 1.2180 | 0.0294 | get 0.0294% / 8h | 48m 38s | $2.3M | $2.1M | 50x |
BingX DOT-USDT
Phemex DOTUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against BingX. 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
- $40.67
- Price spread: +0.099% → +0.191%
- −$9.26
- Slippage, 4 orders
- −$36.59
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$27.18
- Costs to cover
- 0.586%
- Break-even
- 11.7 days
Slippage from BingX: live order book, 5 min ago; Phemex: 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 BingX live order book, 5 min ago | 0.41 bp | 5.4 bp −$5 | 15.8 bp −$158 | 42.3 bp −$4,228 | 201.9 bp −$100.9K |
| Sell Phemex live order book, 5 min ago | 4.11 bp | 24.5 bp −$25 | 58.8 bp −$588 | 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 | −0.0817% | 1h | 1.2175 | +0.058% | $222K | $117K | 50x | as long as short |
| Reya DOTRUSDPERP | −0.0166% | 1h | 1.2164 | −0.036% | $263 | — | — | as long as short |
| Coinbase International DOT-PERP-INTX | −0.0056% | 1h | 1.2170 | +0.016% | $209K | $1.8M | 50x | as long as short |
| dYdX DOT-USD | 0.0000% | 1h | 1.2168 | +0.002% | $147K | $6K | 10x | as long as short |
| gTrade (Gains Network) DOT/USD | L 0.0000% / S +0.0004% | 1h | 1.2173 | +0.040% | $5K | — | 150x | as long as short |
| OKX DOT-USDT-SWAP | +0.0002% | 8h | 1.2168 | 0.000% | $9.6M | $24.3M | 50x | as long as short |
| Kraken Futures PF_DOTUSD | +0.0031% | 1h | 1.2173 | +0.037% | $4.5M | $1.4M | 50x | as long as short |
| Injective DOT/USDC PERP | +0.0033% | 1h | 1.2020 | −1.216% | $328 | $121K | 12x | as long as short |
| KuCoin DOTUSDTM | +0.0048% | 8h | 1.2175 | +0.058% | $6.8M | $8.8M | 75x | as long as short |
| Lighter DOT | +0.0096% | 1h | 1.2173 | +0.039% | $249K | $602K | 10x | 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
Kraken Futures PF_DOTUSD
Injective DOT/USDC PERP
KuCoin DOTUSDTM
Lighter DOTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid DOT | +0.0100% | 1h | 1.2172 | +0.033% | $5.4M | $3.4M | 10x | as long as short |
| Aster DOTUSDT | +0.0100% | 8h | 1.2166 | −0.014% | $886K | $689K | 50x | as long as short |
| Binance DOTUSDT | +0.0100% | 8h | 1.2171 | +0.028% | $45.1M | $82.3M | 75x | as long as short |
| Bybit DOTUSDT | +0.0100% | 8h | 1.2166 | −0.016% | $25.0M | $18.4M | 75x | as long as short |
| Gate DOT_USDT | +0.0100% | 8h | 1.2170 | +0.016% | $6.9M | $11.7M | 75x | as long as short |
| MEXC DOT_USDT | +0.0100% | 8h | 1.2170 | +0.016% | $30.9M | $39.0M | 300x | as long as short |
| Bitget DOTUSDT | +0.0100% | 8h | 1.2172 | +0.033% | $23.4M | $14.7M | 75x | as long as short |
| BingX DOT-USDTlong | +0.0100% | 8h | 1.2168 | long leg | — | $28.6M | — | |
| Backpack DOT_USDC_PERP | +0.0100% | 1h | 1.2164 | −0.033% | $97K | $128K | 10x | as long as short |
| Variational Omni DOT | +0.0100% | 8h | 1.2157 | −0.091% | $552K | $61K | — | as long as short |
| edgeX DOTUSDC | +0.0100% | 4h | 1.2156 | −0.096% | $36K | $333K | 20x | as long as short |
| GRVT DOT_USDT_Perp | +0.0100% | 8h | 1.2160 | −0.066% | $235K | $457K | 10x | as long as short |
| Orderly PERP_DOT_USDC | +0.0100% | 8h | 1.2160 | −0.066% | $8K | $24K | 10x | as long as short |
| SunX DOT-USDT | +0.0100% | 8h | 1.2186 | +0.148% | $2K | $1.3M | 20x | as long as short |
| HTX DOT-USDT | +0.0100% | 8h | 1.2148 | −0.164% | $251K | $220K | 75x | as long as short |
| Extended DOT-USD | +0.0104% | 1h | 1.2165 | −0.028% | $15K | $235K | 25x | as long as short |
| BloFin DOT-USDT | +0.0220% | 8h | 1.2167 | −0.008% | $2.3M | $793K | 75x | as long as short |
| Phemex DOTUSDTshort | +0.0294% | 8h | 1.2180 | +0.099% | $2.3M | $2.1M | 50x | |
| GMX DOT/USD [WBTC.b-USDC] | L +0.0305% / S −0.1025% | 1h | 1.2172 | +0.030% | $23K | — | 100x | as long as short |
Hyperliquid DOT
Aster DOTUSDT
Binance DOTUSDT
Bybit DOTUSDT
Gate DOT_USDT
MEXC DOT_USDT
Bitget DOTUSDT
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]