Funding you earn now, next payment 09:00 UTC+0.0618%/8h= +67.6% APRnext payment +$0.77 per $10,000 · paid last 24h +0.074%
Price spread now: Kraken Futures against Coinbase International+0.006%7-day average +0.029% · you sell dearer than you buy
Net, funding: paid 7d − costs−$30as in the Funding arb table
Net, price: spread back to 7d avg − costs−$64as in the Price arb table
costs, in and out, $10k−$620.619% of the position
Funding, last 7 days+0.318%+$32 on $10k
+Price spread, last 4 days (all we have)−0.023%−$2 · spread now +0.006%, 7d avg +0.029%
=Funding pays, the price is against you. Kraken Futures is 0.022% cheaper against Coinbase International than usual: you would sell low and buy high (spread +0.006% now, against its 7-day average of +0.029%). If the spread goes back, that is −$2 on $10k: about 3 hours of funding at the current rate (+$19 a day). At the pace of the last 7 days (+0.318% in total) that is about 12 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.318% in total (about 16.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.77 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International DOT-PERP-INTX | 1.1720 | −0.0464 | get 0.0058% / 1h | 17m 51s | $170K | $1.8M | 50x |
| Short | Kraken Futures PF_DOTUSD | 1.1721 | 0.0154 | get 0.0019% / 1h | 17m 51s | $4.4M | $1.5M | 50x |
Coinbase International DOT-PERP-INTX
Kraken Futures PF_DOTUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures 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
- $129.7
- Price spread: +0.006% → +0.029%
- −$2.25
- Slippage, 4 orders
- −$41.93
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $65.53
- Costs to cover
- 0.619%
- Break-even
- 3.5 days
Slippage from Coinbase International: live order book, 4 min ago; Kraken Futures: live order book, 4 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, 4 min ago | 12.79 bp | 17.8 bp −$18 | 18.4 bp −$184 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 4 min ago | 2.13 bp | 11.5 bp −$11 | 23.4 bp −$234 | 226.1 bp −$22.6K | doesn't fit |
DOT on 29 exchanges
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 | −0.1709% | 1h | 1.1720 | 0.000% | $255K | $167K | 50x | as long as short |
| Coinbase International DOT-PERP-INTXlong | −0.0464% | 1h | 1.1720 | long leg | $170K | $1.8M | 50x | |
| Reya DOTRUSDPERP | −0.0166% | 1h | 1.1707 | −0.115% | $253 | — | — | as long as short |
| dYdX DOT-USD | 0.0000% | 1h | 1.1706 | −0.123% | $142K | $6K | 10x | as long as short |
| gTrade (Gains Network) DOT/USD | L 0.0000% / S +0.0004% | 1h | 1.1703 | −0.142% | $3K | — | 150x | as long as short |
| Injective DOT/USDC PERP | +0.0033% | 1h | 1.2020 | +2.560% | $328 | $121K | 12x | as long as short |
| Lighter DOT | +0.0096% | 1h | 1.1709 | −0.092% | $247K | $660K | 10x | as long as short |
| Hyperliquid DOT | +0.0100% | 1h | 1.1711 | −0.077% | $5.5M | $4.1M | 10x | as long as short |
| Aster DOTUSDT | +0.0100% | 8h | 1.1714 | −0.048% | $844K | $450K | 50x | as long as short |
| Binance DOTUSDT | +0.0100% | 8h | 1.1710 | −0.088% | $42.9M | $81.8M | 75x | as long as short |
Deribit DOT_USDC-PERPETUAL
Reya DOTRUSDPERP
dYdX DOT-USD
gTrade (Gains Network) DOT/USD
Injective DOT/USDC PERP
Lighter DOT
Hyperliquid DOT
Aster DOTUSDT
Binance DOTUSDTShow all 29 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit DOTUSDT | +0.0100% | 8h | 1.1701 | −0.162% | $23.9M | $19.0M | 75x | as long as short |
| OKX DOT-USDT-SWAP | +0.0100% | 8h | 1.1705 | −0.128% | $9.0M | $23.4M | 50x | as long as short |
| Gate DOT_USDT | +0.0100% | 8h | 1.1710 | −0.085% | $6.6M | $10.6M | 75x | as long as short |
| MEXC DOT_USDT | +0.0100% | 8h | 1.1709 | −0.094% | $28.2M | $68.0M | 300x | as long as short |
| KuCoin DOTUSDTM | +0.0100% | 8h | 1.1709 | −0.094% | $6.1M | $9.5M | 75x | as long as short |
| Bitget DOTUSDT | +0.0100% | 8h | 1.1705 | −0.128% | $22.6M | $13.6M | 75x | as long as short |
| BingX DOT-USDC | +0.0100% | 8h | 1.1704 | −0.137% | — | $1.3M | — | as long as short |
| Backpack DOT_USDC_PERP | +0.0100% | 1h | 1.1715 | −0.043% | $87K | $129K | 10x | as long as short |
| Variational Omni DOT | +0.0100% | 8h | 1.1698 | −0.187% | $533K | $31K | — | as long as short |
| edgeX DOTUSDC | +0.0100% | 4h | 1.1710 | −0.089% | $34K | $336K | 20x | as long as short |
| GRVT DOT_USDT_Perp | +0.0100% | 8h | 1.1703 | −0.147% | $232K | $399K | 10x | as long as short |
| Orderly PERP_DOT_USDC | +0.0100% | 8h | 1.1710 | −0.085% | $8K | $19K | 10x | as long as short |
| SunX DOT-USDT | +0.0100% | 8h | 1.1718 | −0.017% | $1K | $1.2M | 20x | as long as short |
| HTX DOT-USDT | +0.0100% | 8h | 1.1699 | −0.179% | $264K | $266K | 75x | as long as short |
| Phemex DOTUSDT | +0.0100% | 8h | 1.1720 | 0.000% | $2.4M | $2.2M | 50x | as long as short |
| Extended DOT-USD | +0.0104% | 1h | 1.1702 | −0.157% | $15K | $274K | 25x | as long as short |
| Kraken Futures PF_DOTUSDshort | +0.0154% | 1h | 1.1721 | +0.006% | $4.4M | $1.5M | 50x | |
| BloFin DOT-USDT | +0.0220% | 8h | 1.1701 | −0.162% | $1.9M | $834K | 75x | as long as short |
| GMX DOT/USD [WBTC.b-USDC] | L +0.0290% / S −0.0937% | 1h | 1.1703 | −0.141% | $20K | — | 100x | as long as short |
Bybit DOTUSDT
OKX DOT-USDT-SWAP
Gate DOT_USDT
MEXC DOT_USDT
KuCoin DOTUSDTM
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
Phemex DOTUSDT
Extended DOT-USD
BloFin DOT-USDT
GMX DOT/USD [WBTC.b-USDC]