Funding you earn now, next payment 10:00 UTC+0.2066%/8h= +226.2% APRpaid last 24h +0.399%
Price spread now: Phemex against Deribit+0.009%7-day average +0.117% · you sell dearer than you buy
Net, funding: paid 7d − costs+$121as in the Funding arb table
Net, price: spread back to 7d avg − costs−$70as in the Price arb table
costs, in and out, $10k−$590.594% of the position
Funding, last 7 days+1.803%+$180 on $10k
+Price spread, last 4 days (all we have)+0.159%+$16 · spread now +0.009%, 7d avg +0.117%
=Funding pays, the price is against you. Phemex is 0.108% cheaper against Deribit than usual: you would sell low and buy high (spread +0.009% now, against its 7-day average of +0.117%). If the spread goes back, that is −$11 on $10k: about 4 hours of funding at the current rate (+$62 a day). At the pace of the last 7 days (+1.803% 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 | 1.1709 | −0.1966 | get 0.0246% / 1h | 18m 58s | $255K | $167K | 50x |
| Short | Phemex DOTUSDT | 1.1710 | 0.0100 | get 0.0100% / 8h | 6h 18m | $2.4M | $2.2M | 50x |
Deribit DOT_USDC-PERPETUAL
Phemex DOTUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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
- $433.86
- Price spread: +0.009% → +0.117%
- −$10.83
- Slippage, 4 orders
- −$40.38
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- $363.65
- Costs to cover
- 0.594%
- Break-even
- 1.1 days
Slippage from Deribit: live order book, 32 min ago; Phemex: live order book, 3 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, 32 min ago | 8.13 bp | 11.6 bp −$12 | 23.1 bp −$231 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 3 min ago | 4.26 bp | 13.4 bp −$13 | 38.5 bp −$385 | 101.2 bp −$10.1K | 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-PERPETUALlong | −0.1966% | 1h | 1.1709 | long leg | $255K | $167K | 50x | |
| Coinbase International DOT-PERP-INTX | −0.0464% | 1h | 1.1700 | −0.077% | $170K | $1.8M | 50x | as long as short |
| Reya DOTRUSDPERP | −0.0166% | 1h | 1.1700 | −0.076% | $253 | — | — | as long as short |
| dYdX DOT-USD | 0.0000% | 1h | 1.1707 | −0.015% | $142K | $6K | 10x | as long as short |
| gTrade (Gains Network) DOT/USD | L 0.0000% / S +0.0004% | 1h | 1.1703 | −0.049% | $3K | — | 150x | as long as short |
| Injective DOT/USDC PERP | +0.0033% | 1h | 1.2020 | +2.656% | $328 | $121K | 12x | as long as short |
| Lighter DOT | +0.0096% | 1h | 1.1698 | −0.091% | $247K | $660K | 10x | as long as short |
| Hyperliquid DOT | +0.0100% | 1h | 1.1702 | −0.062% | $5.5M | $4.1M | 10x | as long as short |
| Aster DOTUSDT | +0.0100% | 8h | 1.1705 | −0.036% | $843K | $450K | 50x | as long as short |
| Binance DOTUSDT | +0.0100% | 8h | 1.1696 | −0.111% | $42.9M | $81.8M | 75x | as long as short |
Coinbase International DOT-PERP-INTX
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 | 1.1694 | −0.128% | $23.8M | $19.0M | 75x | as long as short |
| OKX DOT-USDT-SWAP | +0.0100% | 8h | 1.1697 | −0.102% | $9.0M | $23.4M | 50x | as long as short |
| Gate DOT_USDT | +0.0100% | 8h | 1.1700 | −0.077% | $6.6M | $10.6M | 75x | as long as short |
| MEXC DOT_USDT | +0.0100% | 8h | 1.1700 | −0.077% | $28.1M | $67.9M | 300x | as long as short |
| KuCoin DOTUSDTM | +0.0100% | 8h | 1.1700 | −0.077% | $6.1M | $9.5M | 75x | as long as short |
| Bitget DOTUSDT | +0.0100% | 8h | 1.1691 | −0.154% | $22.6M | $13.6M | 75x | as long as short |
| BingX DOT-USDT | +0.0100% | 8h | 1.1699 | −0.085% | — | $9.6M | — | as long as short |
| Backpack DOT_USDC_PERP | +0.0100% | 1h | 1.1702 | −0.060% | $86K | $129K | 10x | as long as short |
| Variational Omni DOT | +0.0100% | 8h | 1.1698 | −0.093% | $533K | $31K | — | as long as short |
| edgeX DOTUSDC | +0.0100% | 4h | 1.1710 | +0.005% | $34K | $336K | 20x | as long as short |
| GRVT DOT_USDT_Perp | +0.0100% | 8h | 1.1703 | −0.053% | $232K | $399K | 10x | as long as short |
| Orderly PERP_DOT_USDC | +0.0100% | 8h | 1.1700 | −0.077% | $8K | $19K | 10x | as long as short |
| SunX DOT-USDT | +0.0100% | 8h | 1.1713 | +0.034% | $1K | $1.2M | 20x | as long as short |
| HTX DOT-USDT | +0.0100% | 8h | 1.1699 | −0.085% | $264K | $266K | 75x | as long as short |
| Phemex DOTUSDTshort | +0.0100% | 8h | 1.1710 | +0.009% | $2.4M | $2.2M | 50x | |
| Extended DOT-USD | +0.0104% | 1h | 1.1693 | −0.139% | $15K | $274K | 25x | as long as short |
| Kraken Futures PF_DOTUSD | +0.0154% | 1h | 1.1708 | −0.010% | $4.4M | $1.5M | 50x | as long as short |
| BloFin DOT-USDT | +0.0220% | 8h | 1.1701 | −0.068% | $1.9M | $834K | 75x | as long as short |
| GMX DOT/USD [WBTC.b-USDC] | L +0.0290% / S −0.0937% | 1h | 1.1703 | −0.047% | $20K | — | 100x | as long as short |
Bybit DOTUSDT
OKX DOT-USDT-SWAP
Gate DOT_USDT
MEXC DOT_USDT
KuCoin DOTUSDTM
Bitget DOTUSDT
BingX DOT-USDT
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
BloFin DOT-USDT
GMX DOT/USD [WBTC.b-USDC]