Funding you earn now, next payment 22:00 UTC+0.0128%/8h= +14.0% APRnext payment +$0.16 per $10,000 · paid last 24h −0.108%
Price spread now: Deribit against Coinbase International−0.017%7-day average +0.045% · you buy dearer than you sell
Net, funding: paid 7d − costs−$123as in the Funding arb table
Net, price: spread back to 7d avg − costs−$68as in the Price arb table
costs, in and out, $10k−$610.614% of the position
Funding, last 7 days−0.615%−$61 on $10k
+Price spread, last 3 days (all we have)−0.007%−$1 · spread now −0.017%, 7d avg +0.045%
=Funding pays, the price is against you. Deribit is 0.062% cheaper against Coinbase International than usual: you would sell low and buy high (spread −0.017% now, against its 7-day average of +0.045%). If the spread goes back, that is −$6 on $10k: about 39 hours of funding at the current rate (+$4 a day). Mind the row above: over the last 7 days funding on this pair cost −0.615%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International DOT-PERP-INTX | 1.2020 | −0.0128 | get 0.0016% / 1h | 30m 21s | $185K | $1.8M | 50x |
| Short | Deribit DOT_USDC-PERPETUAL | 1.2018 | 0 | get 0.0000% / 1h | 30m 21s | $220K | $117K | 50x |
Coinbase International DOT-PERP-INTX
Deribit DOT_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- $26.88
- Price spread: −0.017% → +0.045%
- −$6.18
- Slippage, 4 orders
- −$44.39
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$40.69
- Costs to cover
- 0.614%
- Break-even
- 17.6 days
Slippage from Coinbase International: live order book, 3 min ago; Deribit: live order book, 53 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, 3 min ago | 4.16 bp | 17.2 bp −$17 | 22.2 bp −$222 | doesn't fit | doesn't fit |
| Sell Deribit live order book, 53 min ago | 9.54 bp | 13.0 bp −$13 | 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 | 1.1997 | −0.196% | $260 | — | — | as long as short |
| Coinbase International DOT-PERP-INTXlong | −0.0128% | 1h | 1.2020 | long leg | $185K | $1.8M | 50x | |
| Kraken Futures PF_DOTUSD | −0.0053% | 1h | 1.2017 | −0.024% | $4.5M | $1.4M | 50x | as long as short |
| Injective DOT/USDC PERP | −0.0040% | 1h | 1.2020 | 0.000% | $328 | $121K | 12x | as long as short |
| OKX DOT-USDT-SWAP | −0.0023% | 8h | 1.1999 | −0.175% | $9.5M | $23.6M | 50x | as long as short |
| dYdX DOT-USD | 0.0000% | 1h | 1.2001 | −0.154% | $144K | $6K | 10x | as long as short |
| Deribit DOT_USDC-PERPETUALshort | 0.0000% | 1h | 1.2018 | −0.017% | $220K | $117K | 50x | |
| gTrade (Gains Network) DOT/USD | L 0.0000% / S +0.0004% | 1h | 1.2005 | −0.125% | $5K | — | 150x | as long as short |
| KuCoin DOTUSDTM | +0.0027% | 8h | 1.2005 | −0.125% | $6.8M | $8.6M | 75x | as long as short |
| MEXC DOT_USDT | +0.0087% | 8h | 1.1996 | −0.200% | $27.4M | $36.9M | 300x | as long as short |
Reya DOTRUSDPERP
Kraken Futures PF_DOTUSD
Injective DOT/USDC PERP
OKX DOT-USDT-SWAP
dYdX DOT-USD
gTrade (Gains Network) DOT/USD
KuCoin DOTUSDTM
MEXC DOT_USDTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended DOT-USD | +0.0088% | 1h | 1.1996 | −0.197% | $15K | $235K | 25x | as long as short |
| Binance DOTUSDT | +0.0089% | 8h | 1.1998 | −0.183% | $44.1M | $80.8M | 75x | as long as short |
| Lighter DOT | +0.0096% | 1h | 1.2001 | −0.156% | $252K | $594K | 10x | as long as short |
| Hyperliquid DOT | +0.0100% | 1h | 1.2011 | −0.075% | $5.3M | $3.2M | 10x | as long as short |
| Aster DOTUSDT | +0.0100% | 8h | 1.2008 | −0.103% | $892K | $649K | 50x | as long as short |
| Bybit DOTUSDT | +0.0100% | 8h | 1.1994 | −0.216% | $24.5M | $17.9M | 75x | as long as short |
| Gate DOT_USDT | +0.0100% | 8h | 1.2000 | −0.166% | $6.8M | $11.4M | 75x | as long as short |
| Bitget DOTUSDT | +0.0100% | 8h | 1.2000 | −0.166% | $23.0M | $14.2M | 75x | as long as short |
| BingX DOT-USDC | +0.0100% | 8h | 1.1998 | −0.183% | — | $1.3M | — | as long as short |
| Backpack DOT_USDC_PERP | +0.0100% | 1h | 1.1998 | −0.183% | $99K | $125K | 10x | as long as short |
| Variational Omni DOT | +0.0100% | 8h | 1.2010 | −0.083% | $547K | $63K | — | as long as short |
| edgeX DOTUSDC | +0.0100% | 4h | 1.2016 | −0.036% | $35K | $333K | 20x | as long as short |
| GRVT DOT_USDT_Perp | +0.0100% | 8h | 1.2009 | −0.093% | $233K | $456K | 10x | as long as short |
| Orderly PERP_DOT_USDC | +0.0100% | 8h | 1.1990 | −0.250% | $8K | $24K | 10x | as long as short |
| SunX DOT-USDT | +0.0100% | 8h | 1.2025 | +0.042% | $1K | $1.2M | 20x | as long as short |
| HTX DOT-USDT | +0.0100% | 8h | 1.2007 | −0.108% | $248K | $219K | 75x | as long as short |
| BloFin DOT-USDT | +0.0208% | 8h | 1.2024 | +0.033% | $2.2M | $766K | 75x | as long as short |
| GMX DOT/USD [WBTC.b-USDC] | L +0.0304% / S −0.1025% | 1h | 1.2003 | −0.140% | $23K | — | 100x | as long as short |
| Phemex DOTUSDT | +0.0312% | 8h | 1.2010 | −0.083% | $2.2M | $2.1M | 50x | as long as short |
Extended DOT-USD
Binance DOTUSDT
Lighter DOT
Hyperliquid DOT
Aster DOTUSDT
Bybit DOTUSDT
Gate DOT_USDT
Bitget DOTUSDT
BingX DOT-USDC
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