Funding you earn now, next payment 22:00 UTC+0.0228%/8h= +25.0% APRnext payment +$0.29 per $10,000 · paid last 24h +0.078%
Price spread now: Backpack against Coinbase International+0.050%7-day average 0.000% · you sell dearer than you buy
Net, funding: paid 7d − costs−$34as in the Funding arb table
Net, price: spread back to 7d avg − costs−$51as in the Price arb table
costs, in and out, $10k−$560.565% of the position
Funding, last 7 days+0.229%+$23 on $10k
+Price spread, last 3 days (all we have)−0.047%−$5 · spread now +0.050%, 7d avg 0.000%
=Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Backpack is 0.050% dearer against Coinbase International than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of 0.000%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International DOT-PERP-INTX | 1.2080 | −0.0128 | get 0.0016% / 1h | 11m 36s | $198K | $1.8M | 50x |
| Short | Backpack DOT_USDC_PERP | 1.2086 | 0.0100 | get 0.0013% / 1h | 11m 36s | $96K | $129K | 10x |
Coinbase International DOT-PERP-INTX
Backpack DOT_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Coinbase International. 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
- $47.88
- Price spread: +0.050% → 0.000%
- $5
- Slippage, 4 orders
- −$36.46
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$3.58
- Costs to cover
- 0.565%
- Break-even
- 7.5 days
Slippage from Coinbase International: live order book, 2 min ago; Backpack: live order book, 6 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 Coinbase International live order book, 2 min ago | 4.15 bp | 25.4 bp −$25 | 30.2 bp −$302 | doesn't fit | doesn't fit |
| Sell Backpack live order book, 6 min ago | 0.41 bp | 6.5 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 | |
|---|---|---|---|---|---|---|---|---|
| Reya DOTRUSDPERP | −0.0166% | 1h | 1.2083 | +0.026% | $261 | — | — | as long as short |
| Coinbase International DOT-PERP-INTXlong | −0.0128% | 1h | 1.2080 | long leg | $198K | $1.8M | 50x | |
| Kraken Futures PF_DOTUSD | −0.0053% | 1h | 1.2084 | +0.033% | $4.5M | $1.4M | 50x | as long as short |
| Injective DOT/USDC PERP | −0.0040% | 1h | 1.2020 | −0.497% | $328 | $121K | 12x | as long as short |
| OKX DOT-USDT-SWAP | −0.0012% | 8h | 1.2082 | +0.017% | $9.6M | $23.9M | 50x | as long as short |
| dYdX DOT-USD | 0.0000% | 1h | 1.2098 | +0.152% | $146K | $6K | 10x | as long as short |
| Deribit DOT_USDC-PERPETUAL | 0.0000% | 1h | 1.2088 | +0.066% | $221K | $117K | 50x | as long as short |
| gTrade (Gains Network) DOT/USD | L 0.0000% / S +0.0004% | 1h | 1.2080 | −0.002% | $5K | — | 150x | as long as short |
| KuCoin DOTUSDTM | +0.0036% | 8h | 1.2093 | +0.108% | $6.8M | $8.7M | 75x | as long as short |
| Lighter DOT | +0.0096% | 1h | 1.2091 | +0.094% | $247K | $602K | 10x | as long as short |
Reya DOTRUSDPERP
Kraken Futures PF_DOTUSD
Injective DOT/USDC PERP
OKX DOT-USDT-SWAP
dYdX DOT-USD
Deribit DOT_USDC-PERPETUAL
gTrade (Gains Network) DOT/USD
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 | 1.2103 | +0.190% | $5.3M | $3.3M | 10x | as long as short |
| Aster DOTUSDT | +0.0100% | 8h | 1.2089 | +0.076% | $877K | $683K | 50x | as long as short |
| Binance DOTUSDT | +0.0100% | 8h | 1.2087 | +0.056% | $44.7M | $81.5M | 75x | as long as short |
| Bybit DOTUSDT | +0.0100% | 8h | 1.2083 | +0.025% | $24.8M | $18.3M | 75x | as long as short |
| Gate DOT_USDT | +0.0100% | 8h | 1.2090 | +0.083% | $6.9M | $11.6M | 75x | as long as short |
| MEXC DOT_USDT | +0.0100% | 8h | 1.2091 | +0.091% | $29.1M | $37.9M | 300x | as long as short |
| Bitget DOTUSDT | +0.0100% | 8h | 1.2090 | +0.083% | $23.3M | $14.5M | 75x | as long as short |
| BingX DOT-USDT | +0.0100% | 8h | 1.2089 | +0.075% | — | $28.5M | — | as long as short |
| Backpack DOT_USDC_PERPshort | +0.0100% | 1h | 1.2086 | +0.050% | $96K | $129K | 10x | |
| Variational Omni DOT | +0.0100% | 8h | 1.2042 | −0.315% | $548K | $63K | — | as long as short |
| edgeX DOTUSDC | +0.0100% | 4h | 1.2051 | −0.238% | $35K | $331K | 20x | as long as short |
| GRVT DOT_USDT_Perp | +0.0100% | 8h | 1.2056 | −0.195% | $233K | $456K | 10x | as long as short |
| Orderly PERP_DOT_USDC | +0.0100% | 8h | 1.2070 | −0.083% | $8K | $24K | 10x | as long as short |
| SunX DOT-USDT | +0.0100% | 8h | 1.2092 | +0.099% | $2K | $1.3M | 20x | as long as short |
| HTX DOT-USDT | +0.0100% | 8h | 1.2092 | +0.099% | $249K | $219K | 75x | as long as short |
| Extended DOT-USD | +0.0104% | 1h | 1.2084 | +0.031% | $15K | $235K | 25x | as long as short |
| BloFin DOT-USDT | +0.0220% | 8h | 1.2046 | −0.281% | $2.3M | $778K | 75x | as long as short |
| GMX DOT/USD [WBTC.b-USDC] | L +0.0305% / S −0.1025% | 1h | 1.2080 | +0.004% | $23K | — | 100x | as long as short |
| Phemex DOTUSDT | +0.0306% | 8h | 1.2100 | +0.166% | $2.2M | $2.1M | 50x | as long as short |
Hyperliquid DOT
Aster DOTUSDT
Binance DOTUSDT
Bybit DOTUSDT
Gate DOT_USDT
MEXC 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
Extended DOT-USD
BloFin DOT-USDT
GMX DOT/USD [WBTC.b-USDC]
Phemex DOTUSDT