Funding you earn now, next payment 23:00 UTC+0.0100%/8h= +10.9% APRnext payment +$0.13 per $10,000 · paid last 24h +0.033%
Price spread now: Backpack against dYdX+0.049%7-day average −0.015% · you sell dearer than you buy
Net, funding: paid 7d − costs−$236as in the Funding arb table
Net, price: spread back to 7d avg − costs−$244as in the Price arb table
costs, in and out, $10k−$2502.502% of the position
Funding, last 7 days+0.138%+$14 on $10k
+Price spread, last 4 days (all we have)−0.204%−$20 · spread now +0.049%, 7d avg −0.015%
=Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Backpack is 0.064% dearer against dYdX than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.015%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | dYdX DOT-USD | 1.2025 | 0 | get 0.0000% / 1h | 38m 29s | $145K | $6K | 10x |
| Short | Backpack DOT_USDC_PERP | 1.2031 | 0.0100 | get 0.0013% / 1h | 38m 29s | $99K | $127K | 10x |
dYdX DOT-USD
Backpack DOT_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against dYdX. 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
- $21
- Price spread: +0.049% → −0.015%
- $6.44
- Slippage, 4 orders
- −$230.18
- Fee dYdX: 5 bp × 2 orders
- −$10
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$222.74
- Costs to cover
- 2.502%
- Break-even
- 81.2 days
Slippage from dYdX: live order book, 45 min ago; Backpack: live order book, 45 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 dYdX live order book, 45 min ago | 100.25 bp | 129.2 bp −$129 | 152.8 bp −$1,528 | 168.1 bp −$16.8K | 221.0 bp −$110.5K |
| Sell Backpack live order book, 45 min ago | 1.25 bp | 8.7 bp −$9 | 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 | 1.2033 | +0.066% | $260 | — | — | as long as short |
| Coinbase International DOT-PERP-INTX | −0.0128% | 1h | 1.2020 | −0.042% | $185K | $1.8M | 50x | as long as short |
| Kraken Futures PF_DOTUSD | −0.0053% | 1h | 1.2039 | +0.112% | $4.5M | $1.3M | 50x | as long as short |
| Injective DOT/USDC PERP | −0.0040% | 1h | 1.2020 | −0.042% | $328 | $121K | 12x | as long as short |
| OKX DOT-USDT-SWAP | −0.0029% | 8h | 1.2024 | −0.009% | $9.5M | $23.6M | 50x | as long as short |
| dYdX DOT-USDlong | 0.0000% | 1h | 1.2025 | long leg | $145K | $6K | 10x | |
| gTrade (Gains Network) DOT/USD | L 0.0000% / S +0.0004% | 1h | 1.2036 | +0.093% | $5K | — | 150x | as long as short |
| KuCoin DOTUSDTM | +0.0022% | 8h | 1.2022 | −0.026% | $6.8M | $8.6M | 75x | as long as short |
| MEXC DOT_USDT | +0.0076% | 8h | 1.2020 | −0.042% | $26.7M | $36.5M | 300x | as long as short |
| Binance DOTUSDT | +0.0079% | 8h | 1.2024 | −0.009% | $44.2M | $80.6M | 75x | as long as short |
Reya DOTRUSDPERP
Coinbase International DOT-PERP-INTX
Kraken Futures PF_DOTUSD
Injective DOT/USDC PERP
OKX DOT-USDT-SWAP
gTrade (Gains Network) DOT/USD
KuCoin DOTUSDTM
MEXC DOT_USDT
Binance DOTUSDTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended DOT-USD | +0.0080% | 1h | 1.2018 | −0.062% | $15K | $235K | 25x | as long as short |
| Deribit DOT_USDC-PERPETUAL | +0.0082% | 1h | 1.2042 | +0.141% | $220K | $117K | 50x | as long as short |
| Lighter DOT | +0.0096% | 1h | 1.2024 | −0.013% | $252K | $593K | 10x | as long as short |
| Hyperliquid DOT | +0.0100% | 1h | 1.2033 | +0.066% | $5.3M | $3.2M | 10x | as long as short |
| Aster DOTUSDT | +0.0100% | 8h | 1.2020 | −0.044% | $893K | $649K | 50x | as long as short |
| Bybit DOTUSDT | +0.0100% | 8h | 1.2022 | −0.026% | $24.6M | $17.9M | 75x | as long as short |
| Gate DOT_USDT | +0.0100% | 8h | 1.2020 | −0.042% | $6.8M | $11.4M | 75x | as long as short |
| Bitget DOTUSDT | +0.0100% | 8h | 1.2020 | −0.042% | $23.1M | $14.0M | 75x | as long as short |
| BingX DOT-USDC | +0.0100% | 8h | 1.2022 | −0.026% | — | $1.3M | — | as long as short |
| Backpack DOT_USDC_PERPshort | +0.0100% | 1h | 1.2031 | +0.049% | $99K | $127K | 10x | |
| Variational Omni DOT | +0.0100% | 8h | 1.2008 | −0.141% | $547K | $63K | — | as long as short |
| edgeX DOTUSDC | +0.0100% | 4h | 1.2011 | −0.119% | $35K | $331K | 20x | as long as short |
| GRVT DOT_USDT_Perp | +0.0100% | 8h | 1.2010 | −0.125% | $233K | $456K | 10x | as long as short |
| Orderly PERP_DOT_USDC | +0.0100% | 8h | 1.2030 | +0.041% | $8K | $24K | 10x | as long as short |
| SunX DOT-USDT | +0.0100% | 8h | 1.2047 | +0.182% | $2K | $1.2M | 20x | as long as short |
| HTX DOT-USDT | +0.0100% | 8h | 1.2015 | −0.084% | $248K | $219K | 75x | as long as short |
| BloFin DOT-USDT | +0.0196% | 8h | 1.2027 | +0.016% | $2.2M | $765K | 75x | as long as short |
| Phemex DOTUSDT | +0.0303% | 8h | 1.2040 | +0.124% | $2.2M | $2.1M | 50x | as long as short |
| GMX DOT/USD [WBTC.b-USDC] | L +0.0304% / S −0.1025% | 1h | 1.2039 | +0.118% | $23K | — | 100x | as long as short |
Extended DOT-USD
Deribit DOT_USDC-PERPETUAL
Lighter DOT
Hyperliquid DOT
Aster DOTUSDT
Bybit DOTUSDT
Gate DOT_USDT
Bitget DOTUSDT
BingX DOT-USDC
Variational Omni DOT
edgeX DOTUSDC
GRVT DOT_USDT_Perp
Orderly PERP_DOT_USDC
SunX DOT-USDT
HTX DOT-USDT
BloFin DOT-USDT
Phemex DOTUSDT
GMX DOT/USD [WBTC.b-USDC]