Funding you earn now, next payment 22:00 UTC+0.0812%/8h= +88.9% APRpaid last 24h +0.147%
Price spread now: OKX against Deribit−0.126%7-day average −0.082% · you buy dearer than you sell
Net, funding: paid 7d − costs+$21as in the Funding arb table
Net, price: spread back to 7d avg − costs−$58as in the Price arb table
costs, in and out, $10k−$540.538% of the position
Funding, last 7 days+0.749%+$75 on $10k
+Price spread, last 3 days (all we have)+0.165%+$17 · spread now −0.126%, 7d avg −0.082%
=Funding pays, the price is against you. OKX is 0.044% cheaper against Deribit than usual: you would sell low and buy high (spread −0.126% now, against its 7-day average of −0.082%). If the spread goes back, that is −$4 on $10k: about 4 hours of funding at the current rate (+$24 a day). At the pace of the last 7 days (+0.749% in total) that is about 10 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit DOT_USDC-PERPETUAL | 1.1926 | −0.0839 | get 0.0105% / 1h | 11m 15s | $218K | $118K | 50x |
| Short | OKX DOT-USDT-SWAP | 1.1911 | −0.0027 | pay 0.0027% / 8h | 2h 11m | $9.4M | $23.4M | 50x |
Deribit DOT_USDC-PERPETUAL
OKX DOT-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- $170.57
- Price spread: −0.126% → −0.082%
- −$4.35
- Slippage, 4 orders
- −$36.8
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- $112.42
- Costs to cover
- 0.538%
- Break-even
- 2.4 days
Slippage from Deribit: live order book, 12 min ago; OKX: 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 Deribit live order book, 12 min ago | 9.54 bp | 14.7 bp −$15 | doesn't fit | doesn't fit | doesn't fit |
| Sell OKX live order book, 2 min ago | 0.42 bp | 14.3 bp −$14 | 22.1 bp −$221 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit DOT_USDC-PERPETUALlong | −0.0839% | 1h | 1.1926 | long leg | $218K | $118K | 50x | |
| Reya DOTRUSDPERP | −0.0166% | 1h | 1.1906 | −0.166% | $258 | — | — | as long as short |
| Kraken Futures PF_DOTUSD | −0.0128% | 1h | 1.1926 | +0.001% | $4.5M | $1.3M | 50x | as long as short |
| Injective DOT/USDC PERP | −0.0080% | 1h | 1.2020 | +0.788% | $328 | $121K | 12x | as long as short |
| Coinbase International DOT-PERP-INTX | −0.0064% | 1h | 1.1960 | +0.285% | $186K | $1.8M | 50x | as long as short |
| OKX DOT-USDT-SWAPshort | −0.0027% | 8h | 1.1911 | −0.126% | $9.4M | $23.4M | 50x | |
| dYdX DOT-USD | 0.0000% | 1h | 1.1909 | −0.144% | $143K | $6K | 10x | as long as short |
| gTrade (Gains Network) DOT/USD | L 0.0000% / S +0.0004% | 1h | 1.1919 | −0.062% | $5K | — | 150x | as long as short |
| KuCoin DOTUSDTM | +0.0016% | 8h | 1.1910 | −0.134% | $6.7M | $8.7M | 75x | as long as short |
| Extended DOT-USD | +0.0080% | 1h | 1.1909 | −0.140% | $15K | $240K | 25x | as long as short |
Reya DOTRUSDPERP
Kraken Futures PF_DOTUSD
Injective DOT/USDC PERP
Coinbase International DOT-PERP-INTX
dYdX DOT-USD
gTrade (Gains Network) DOT/USD
KuCoin DOTUSDTM
Extended DOT-USDShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance DOTUSDT | +0.0081% | 8h | 1.1917 | −0.075% | $43.9M | $80.9M | 75x | as long as short |
| MEXC DOT_USDT | +0.0087% | 8h | 1.1912 | −0.117% | $34.7M | $35.7M | 300x | as long as short |
| Lighter DOT | +0.0096% | 1h | 1.1919 | −0.059% | $250K | $609K | 10x | as long as short |
| Hyperliquid DOT | +0.0100% | 1h | 1.1919 | −0.059% | $5.3M | $3.2M | 10x | as long as short |
| Aster DOTUSDT | +0.0100% | 8h | 1.1930 | +0.037% | $886K | $649K | 50x | as long as short |
| Bybit DOTUSDT | +0.0100% | 8h | 1.1909 | −0.143% | $24.4M | $17.9M | 75x | as long as short |
| Gate DOT_USDT | +0.0100% | 8h | 1.1910 | −0.134% | $6.8M | $11.5M | 75x | as long as short |
| Bitget DOTUSDT | +0.0100% | 8h | 1.1910 | −0.134% | $22.8M | $14.0M | 75x | as long as short |
| BingX DOT-USDC | +0.0100% | 8h | 1.1908 | −0.151% | — | $1.3M | — | as long as short |
| Backpack DOT_USDC_PERP | +0.0100% | 1h | 1.1906 | −0.168% | $98K | $127K | 10x | as long as short |
| Variational Omni DOT | +0.0100% | 8h | 1.1958 | +0.268% | $545K | $91K | — | as long as short |
| edgeX DOTUSDC | +0.0100% | 4h | 1.1955 | +0.241% | $35K | $334K | 20x | as long as short |
| GRVT DOT_USDT_Perp | +0.0100% | 8h | 1.1930 | +0.033% | $231K | $469K | 10x | as long as short |
| Orderly PERP_DOT_USDC | +0.0100% | 8h | 1.1910 | −0.134% | $8K | $25K | 10x | as long as short |
| SunX DOT-USDT | +0.0100% | 8h | 1.1932 | +0.050% | $2K | $1.2M | 20x | as long as short |
| HTX DOT-USDT | +0.0100% | 8h | 1.1901 | −0.210% | $245K | $219K | 75x | as long as short |
| BloFin DOT-USDT | +0.0201% | 8h | 1.1900 | −0.218% | $2.3M | $758K | 75x | as long as short |
| GMX DOT/USD [WBTC.b-USDC] | L +0.0297% / S −0.0774% | 1h | 1.1919 | −0.062% | $22K | — | 100x | as long as short |
| Phemex DOTUSDT | +0.0350% | 8h | 1.1930 | +0.034% | $2.2M | $2.1M | 50x | as long as short |
Binance DOTUSDT
MEXC DOT_USDT
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