Funding you earn now, next payment 02:00 UTC+0.1677%/8h= +183.6% APRpaid last 24h +0.155%
Price spread now: MEXC against Deribit−0.100%7-day average −0.062% · you buy dearer than you sell
Net, funding: paid 7d − costs+$50as in the Funding arb table
Net, price: spread back to 7d avg − costs−$34as in the Price arb table
costs, in and out, $10k−$310.306% of the position
Funding, last 7 days+0.806%+$81 on $10k
+Price spread, last 3 days (all we have)+0.073%+$7 · spread now −0.100%, 7d avg −0.062%
=Funding pays, the price is against you. MEXC is 0.038% cheaper against Deribit than usual: you would sell low and buy high (spread −0.100% now, against its 7-day average of −0.062%). If the spread goes back, that is −$4 on $10k: about 2 hours of funding at the current rate (+$50 a day). At the pace of the last 7 days (+0.806% in total) that is about 8 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.806% in total (about 42.0% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit DOT_USDC-PERPETUAL | 1.2017 | −0.1577 | get 0.0197% / 1h | 2m 39s | $220K | $116K | 50x |
| Short | MEXC DOT_USDT | 1.2005 | 0.0100 | get 0.0100% / 8h | 6h 02m | $27.1M | $47.9M | 300x |
Deribit DOT_USDC-PERPETUAL
MEXC DOT_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC against Deribit. 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
- $352.17
- Price spread: −0.100% → −0.062%
- −$3.77
- Slippage, 4 orders
- −$23.64
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- $317.75
- Costs to cover
- 0.306%
- Break-even
- 0.7 days
Slippage from Deribit: live order book, 1 min ago; MEXC: live order book, 1 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 Deribit live order book, 1 min ago | 3.74 bp | 9.7 bp −$10 | 17.3 bp −$173 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 1 min ago | 0.42 bp | 2.6 bp −$3 | 5.3 bp −$53 | 44.0 bp −$4,401 | 77.7 bp −$38.9K |
DOT on 28 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-PERPETUALlong | −0.1577% | 1h | 1.2017 | long leg | $220K | $116K | 50x | |
| Reya DOTRUSDPERP | −0.0166% | 1h | 1.2000 | −0.145% | $260 | — | — | as long as short |
| Coinbase International DOT-PERP-INTX | −0.0024% | 1h | 1.2010 | −0.058% | $198K | $2.0M | 50x | as long as short |
| dYdX DOT-USD | 0.0000% | 1h | 1.2006 | −0.095% | $145K | $6K | 10x | as long as short |
| gTrade (Gains Network) DOT/USD | L 0.0000% / S +0.0004% | 1h | 1.2002 | −0.124% | $3K | — | 150x | as long as short |
| Injective DOT/USDC PERP | +0.0033% | 1h | 1.2020 | +0.025% | $328 | $121K | 12x | as long as short |
| OKX DOT-USDT-SWAP | +0.0066% | 8h | 1.2004 | −0.108% | $9.4M | $24.2M | 50x | as long as short |
| Lighter DOT | +0.0096% | 1h | 1.2011 | −0.053% | $271K | $630K | 10x | as long as short |
| Hyperliquid DOT | +0.0100% | 1h | 1.2008 | −0.075% | $5.4M | $3.4M | 10x | as long as short |
| Aster DOTUSDT | +0.0100% | 8h | 1.2013 | −0.031% | $869K | $705K | 50x | as long as short |
Reya DOTRUSDPERP
Coinbase International DOT-PERP-INTX
dYdX DOT-USD
gTrade (Gains Network) DOT/USD
Injective DOT/USDC PERP
OKX DOT-USDT-SWAP
Lighter DOT
Hyperliquid DOT
Aster DOTUSDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance DOTUSDT | +0.0100% | 8h | 1.2004 | −0.108% | $44.3M | $85.0M | 75x | as long as short |
| Bybit DOTUSDT | +0.0100% | 8h | 1.2005 | −0.100% | $24.7M | $18.9M | 75x | as long as short |
| Gate DOT_USDT | +0.0100% | 8h | 1.2010 | −0.058% | $6.8M | $11.8M | 75x | as long as short |
| MEXC DOT_USDTshort | +0.0100% | 8h | 1.2005 | −0.100% | $27.1M | $47.9M | 300x | |
| KuCoin DOTUSDTM | +0.0100% | 8h | 1.2006 | −0.092% | $6.5M | $9.2M | 75x | as long as short |
| Bitget DOTUSDT | +0.0100% | 8h | 1.2001 | −0.133% | $22.9M | $14.7M | 75x | as long as short |
| BingX DOT-USDC | +0.0100% | 8h | 1.2004 | −0.108% | — | $1.3M | — | as long as short |
| Backpack DOT_USDC_PERP | +0.0100% | 1h | 1.2001 | −0.133% | $96K | $126K | 10x | as long as short |
| Variational Omni DOT | +0.0100% | 8h | 1.2012 | −0.038% | $547K | $58K | — | as long as short |
| edgeX DOTUSDC | +0.0100% | 4h | 1.2035 | +0.147% | $35K | $334K | 20x | as long as short |
| GRVT DOT_USDT_Perp | +0.0100% | 8h | 1.2013 | −0.037% | $233K | $431K | 10x | as long as short |
| Orderly PERP_DOT_USDC | +0.0100% | 8h | 1.2010 | −0.058% | $8K | $23K | 10x | as long as short |
| SunX DOT-USDT | +0.0100% | 8h | 1.2016 | −0.008% | $2K | $1.3M | 20x | as long as short |
| HTX DOT-USDT | +0.0100% | 8h | 1.2017 | 0.000% | $258K | $236K | 75x | as long as short |
| Extended DOT-USD | +0.0104% | 1h | 1.2002 | −0.126% | $14K | $300K | 25x | as long as short |
| Kraken Futures PF_DOTUSD | +0.0195% | 1h | 1.2018 | +0.008% | $4.5M | $1.5M | 50x | as long as short |
| GMX DOT/USD [WBTC.b-USDC] | L +0.0303% / S −0.1012% | 1h | 1.1999 | −0.147% | $22K | — | 100x | as long as short |
| Phemex DOTUSDT | +0.0341% | 8h | 1.2020 | +0.025% | $2.3M | $2.2M | 50x | as long as short |
Binance DOTUSDT
Bybit DOTUSDT
Gate 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
Extended DOT-USD
Kraken Futures PF_DOTUSD
GMX DOT/USD [WBTC.b-USDC]
Phemex DOTUSDT