Funding you earn now, next payment 00:00 UTC+0.0487%/8hnext payment +$4.87 per $10,000 · paid last 24h +0.121%
Price spread now: Phemex against Bybit+0.205%7-day average +0.221% · you sell dearer than you buy
Net, funding: paid 7d − costs+$11as in the Funding arb table
Net, price: spread back to 7d avg − costs−$65as in the Price arb table
costs, in and out, $10k−$630.630% of the position
Funding, last 7 days+0.741%+$74 on $10k
+Price spread, last 3 days (all we have)−0.005%$0 · spread now +0.205%, 7d avg +0.221%
=The price spread sits at its 7-day average of +0.221%, so right now this pair is about funding alone: +$15 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit DOTUSDT | 1.1726 | 0.0100 | pay 0.0100% / 8h | 4h 06m | $24.2M | $18.6M | 75x |
| Short | Phemex DOTUSDT | 1.1750 | 0.0587 | get 0.0587% / 8h | 4h 06m | $2.1M | $2.1M | 50x |
Bybit DOTUSDT
Phemex DOTUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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
- $102.24
- Price spread: +0.205% → +0.221%
- −$1.62
- Slippage, 4 orders
- −$40.04
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- $37.59
- Costs to cover
- 0.630%
- Break-even
- 4.4 days
Slippage from Bybit: live order book, 2 min ago; Phemex: live order book, 2 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, 2 min ago | 0.43 bp | 6.8 bp −$7 | 16.3 bp −$163 | 93.7 bp −$9,375 | doesn't fit |
| Sell Phemex live order book, 2 min ago | 4.25 bp | 23.7 bp −$24 | 57.7 bp −$577 | 130.3 bp −$13.0K | 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 | −0.0601% | 1h | 1.1739 | +0.111% | $214K | $118K | 50x | as long as short |
| Reya DOTRUSDPERP | −0.0166% | 1h | 1.1725 | −0.008% | $254 | — | — | as long as short |
| OKX DOT-USDT-SWAP | −0.0039% | 8h | 1.1728 | +0.017% | $9.1M | $23.2M | 50x | as long as short |
| Coinbase International DOT-PERP-INTX | −0.0008% | 1h | 1.1730 | +0.034% | $184K | $2.1M | 50x | as long as short |
| dYdX DOT-USD | 0.0000% | 1h | 1.1735 | +0.076% | $141K | $6K | 10x | as long as short |
| gTrade (Gains Network) DOT/USD | L 0.0000% / S +0.0004% | 1h | 1.1732 | +0.052% | $3K | — | 150x | as long as short |
| Bitget DOTUSDT | +0.0043% | 8h | 1.1730 | +0.034% | $22.6M | $14.4M | 75x | as long as short |
| Injective DOT/USDC PERP | +0.0070% | 1h | 1.1720 | −0.051% | $320 | $71K | 12x | as long as short |
| Kraken Futures PF_DOTUSD | +0.0083% | 1h | 1.1738 | +0.103% | $4.4M | $1.4M | 50x | as long as short |
| Lighter DOT | +0.0096% | 1h | 1.1731 | +0.043% | $248K | $552K | 10x | as long as short |
Deribit DOT_USDC-PERPETUAL
Reya DOTRUSDPERP
OKX DOT-USDT-SWAP
Coinbase International DOT-PERP-INTX
dYdX DOT-USD
gTrade (Gains Network) DOT/USD
Bitget DOTUSDT
Injective DOT/USDC PERP
Kraken Futures PF_DOTUSD
Lighter DOTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid DOT | +0.0100% | 1h | 1.1735 | +0.077% | $5.1M | $3.3M | 10x | as long as short |
| Aster DOTUSDT | +0.0100% | 8h | 1.1735 | +0.075% | $887K | $687K | 50x | as long as short |
| Binance DOTUSDT | +0.0100% | 8h | 1.1729 | +0.026% | $43.7M | $83.1M | 75x | as long as short |
| Bybit DOTUSDTlong | +0.0100% | 8h | 1.1726 | long leg | $24.2M | $18.6M | 75x | |
| Gate DOT_USDT | +0.0100% | 8h | 1.1730 | +0.034% | $6.9M | $11.7M | 75x | as long as short |
| MEXC DOT_USDT | +0.0100% | 8h | 1.1727 | +0.009% | $35.7M | $32.4M | 300x | as long as short |
| KuCoin DOTUSDTM | +0.0100% | 8h | 1.1727 | +0.009% | $6.7M | $9.1M | 75x | as long as short |
| BingX DOT-USDT | +0.0100% | 8h | 1.1729 | +0.026% | — | $28.4M | — | as long as short |
| Backpack DOT_USDC_PERP | +0.0100% | 1h | 1.1727 | +0.009% | $82K | $117K | 10x | as long as short |
| Variational Omni DOT | +0.0100% | 8h | 1.1742 | +0.140% | $534K | $91K | — | as long as short |
| edgeX DOTUSDC | +0.0100% | 4h | 1.1742 | +0.134% | $34K | $331K | 20x | as long as short |
| GRVT DOT_USDT_Perp | +0.0100% | 8h | 1.1751 | +0.211% | $228K | $491K | 10x | as long as short |
| Orderly PERP_DOT_USDC | +0.0100% | 8h | 1.1730 | +0.034% | $8K | $27K | 10x | as long as short |
| SunX DOT-USDT | +0.0100% | 8h | 1.1742 | +0.136% | $1K | $1.3M | 20x | as long as short |
| HTX DOT-USDT | +0.0100% | 8h | 1.1727 | +0.009% | $245K | $216K | 75x | as long as short |
| Extended DOT-USD | +0.0104% | 1h | 1.1724 | −0.014% | $15K | $240K | 25x | as long as short |
| BloFin DOT-USDT | +0.0220% | 8h | 1.1739 | +0.111% | $2.3M | $925K | 75x | as long as short |
| GMX DOT/USD [WBTC.b-USDC] | L +0.0299% / S −0.1014% | 1h | 1.1733 | +0.060% | $22K | — | 100x | as long as short |
| Phemex DOTUSDTshort | +0.0587% | 8h | 1.1750 | +0.205% | $2.1M | $2.1M | 50x |
Hyperliquid DOT
Aster DOTUSDT
Binance DOTUSDT
Gate DOT_USDT
MEXC DOT_USDT
KuCoin DOTUSDTM
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]