Funding you earn now, next payment 22:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.030%
Price spread now: dYdX against Bybit+0.035%7-day average +0.060% · you sell dearer than you buy
Net, funding: paid 7d − costs−$274as in the Funding arb table
Net, price: spread back to 7d avg − costs−$263as in the Price arb table
costs, in and out, $10k−$2612.606% of the position
Funding, last 7 days−0.130%−$13 on $10k
+Price spread, last 4 days (all we have)−0.043%−$4 · spread now +0.035%, 7d avg +0.060%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and dYdX is 0.025% cheaper against Bybit than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.060%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit DOTUSDT | 1.1957 | 0.0100 | pay 0.0100% / 8h | 2h 14m | $24.5M | $17.9M | 75x |
| Short | dYdX DOT-USD | 1.1961 | 0 | get 0.0000% / 1h | 14m 14s | $144K | $6K | 10x |
Bybit DOTUSDT
dYdX DOT-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
dYdX against Bybit. 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
- −$21
- Price spread: +0.035% → +0.060%
- −$2.47
- Slippage, 4 orders
- −$239.62
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee dYdX: 5 bp × 2 orders
- −$10
- Net
- −$284.09
- Costs to cover
- 2.606%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 4 min ago; dYdX: live order book, 10 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 Bybit live order book, 4 min ago | 0.42 bp | 15.2 bp −$15 | 28.8 bp −$288 | 90.3 bp −$9,030 | doesn't fit |
| Sell dYdX live order book, 10 min ago | 100.25 bp | 105.3 bp −$105 | 105.3 bp −$1,053 | 114.3 bp −$11.4K | 133.7 bp −$66.9K |
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 | −0.0668% | 1h | 1.1975 | +0.151% | $219K | $118K | 50x | as long as short |
| Reya DOTRUSDPERP | −0.0166% | 1h | 1.1955 | −0.016% | $259 | — | — | as long as short |
| Kraken Futures PF_DOTUSD | −0.0128% | 1h | 1.1973 | +0.137% | $4.5M | $1.3M | 50x | as long as short |
| Injective DOT/USDC PERP | −0.0080% | 1h | 1.2020 | +0.527% | $328 | $121K | 12x | as long as short |
| Coinbase International DOT-PERP-INTX | −0.0064% | 1h | 1.1970 | +0.109% | $186K | $1.8M | 50x | as long as short |
| OKX DOT-USDT-SWAP | −0.0029% | 8h | 1.1958 | +0.008% | $9.4M | $23.5M | 50x | as long as short |
| dYdX DOT-USDshort | 0.0000% | 1h | 1.1961 | +0.035% | $144K | $6K | 10x | |
| gTrade (Gains Network) DOT/USD | L 0.0000% / S +0.0004% | 1h | 1.1974 | +0.146% | $5K | — | 150x | as long as short |
| KuCoin DOTUSDTM | +0.0020% | 8h | 1.1966 | +0.075% | $6.8M | $8.7M | 75x | as long as short |
| Extended DOT-USD | +0.0088% | 1h | 1.1961 | +0.036% | $15K | $240K | 25x | as long as short |
Deribit DOT_USDC-PERPETUAL
Reya DOTRUSDPERP
Kraken Futures PF_DOTUSD
Injective DOT/USDC PERP
Coinbase International DOT-PERP-INTX
OKX DOT-USDT-SWAP
gTrade (Gains Network) DOT/USD
KuCoin DOTUSDTM
Extended DOT-USDShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance DOTUSDT | +0.0092% | 8h | 1.1960 | +0.025% | $44.1M | $81.0M | 75x | as long as short |
| Lighter DOT | +0.0096% | 1h | 1.1967 | +0.082% | $267K | $580K | 10x | as long as short |
| MEXC DOT_USDT | +0.0096% | 8h | 1.1960 | +0.025% | $34.7M | $35.6M | 300x | as long as short |
| Hyperliquid DOT | +0.0100% | 1h | 1.1966 | +0.075% | $5.3M | $3.2M | 10x | as long as short |
| Aster DOTUSDT | +0.0100% | 8h | 1.1979 | +0.182% | $890K | $649K | 50x | as long as short |
| Bybit DOTUSDTlong | +0.0100% | 8h | 1.1957 | long leg | $24.5M | $17.9M | 75x | |
| Gate DOT_USDT | +0.0100% | 8h | 1.1970 | +0.109% | $6.9M | $11.5M | 75x | as long as short |
| Bitget DOTUSDT | +0.0100% | 8h | 1.1952 | −0.042% | $22.9M | $13.9M | 75x | as long as short |
| BingX DOT-USDT | +0.0100% | 8h | 1.1959 | +0.017% | — | $28.5M | — | as long as short |
| Backpack DOT_USDC_PERP | +0.0100% | 1h | 1.1965 | +0.067% | $99K | $127K | 10x | as long as short |
| Variational Omni DOT | +0.0100% | 8h | 1.1958 | +0.008% | $545K | $91K | — | as long as short |
| edgeX DOTUSDC | +0.0100% | 4h | 1.1969 | +0.096% | $35K | $333K | 20x | as long as short |
| GRVT DOT_USDT_Perp | +0.0100% | 8h | 1.1970 | +0.110% | $232K | $469K | 10x | as long as short |
| Orderly PERP_DOT_USDC | +0.0100% | 8h | 1.1960 | +0.025% | $8K | $25K | 10x | as long as short |
| SunX DOT-USDT | +0.0100% | 8h | 1.1967 | +0.084% | $2K | $1.2M | 20x | as long as short |
| HTX DOT-USDT | +0.0100% | 8h | 1.1951 | −0.050% | $247K | $219K | 75x | as long as short |
| BloFin DOT-USDT | +0.0216% | 8h | 1.1952 | −0.042% | $2.3M | $761K | 75x | as long as short |
| GMX DOT/USD [WBTC.b-USDC] | L +0.0297% / S −0.0774% | 1h | 1.1975 | +0.147% | $22K | — | 100x | as long as short |
| Phemex DOTUSDT | +0.0330% | 8h | 1.1980 | +0.192% | $2.2M | $2.1M | 50x | as long as short |
Binance DOTUSDT
Lighter DOT
MEXC DOT_USDT
Hyperliquid DOT
Aster DOTUSDT
Gate 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
BloFin DOT-USDT
GMX DOT/USD [WBTC.b-USDC]
Phemex DOTUSDT