DOT

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0476%/8h= −52.1% APRnext payment −$0.59 per $10,000 · paid last 24h −0.086%

Price spread now: Coinbase International against Hyperliquid−0.008%7-day average +0.004% · you buy dearer than you sell

Net, funding: paid 7d − costs−$69as in the Funding arb table

Net, price: spread back to 7d avg − costs−$50as in the Price arb table

costs, in and out, $10k−$490.488% of the position

Long on Hyperliquid Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.203%−$20 on $10k

Price spread, last 4 days (all we have)−0.325%−$33 · spread now −0.008%, 7d avg +0.004%

Together, before fees−0.529%+ Points / potential airdropHyperliquid: Season 2 · farm board−$53 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.004%, so right now this pair is about funding alone: −$14 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.203% in total (about -10.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.59 per $10,000. 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	Hyperliquid DOT	1.1951	0.0100	pay 0.0013% / 1h	15m 17s	$5.4M	$3.5M	10x
Short	Coinbase International DOT-PERP-INTX	1.1950	−0.0376	pay 0.0047% / 1h	15m 17s	$197K	$2.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Hyperliquid. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee HyperliquidbpFee Coinbase InternationalbpOrdersPrice spread, now −0.008%Rate

Funding earned: −$99.96
Price spread: −0.008% → +0.004%: −$1.28
Slippage, 4 orders: −$29.83
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$150.07
Costs to cover: 0.488%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 7 min ago; Coinbase International: 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 Hyperliquid live order book, 7 min ago	0.83 bp	8.4 bp −$8	doesn't fit	doesn't fit	doesn't fit
Sell Coinbase International live order book, 3 min ago	4.18 bp	17.3 bp −$17	21.8 bp −$218	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-PERPETUAL	−0.1920%	1h	1.1953	+0.017%	$228K	$115K	50x	as long as short
Coinbase International DOT-PERP-INTXshort	−0.0376%	1h	1.1950	−0.008%	$197K	$2.0M	50x
Reya DOTRUSDPERP	−0.0166%	1h	1.1945	−0.051%	$258	—	—	as long as short
dYdX DOT-USD	0.0000%	1h	1.1955	+0.030%	$144K	$6K	10x	as long as short
gTrade (Gains Network) DOT/USD	L 0.0000% / S +0.0004%	1h	1.1950	−0.008%	$3K	—	150x	as long as short
Injective DOT/USDC PERP	+0.0033%	1h	1.2020	+0.577%	$328	$121K	12x	as long as short
Lighter DOT	+0.0096%	1h	1.1953	+0.017%	$271K	$632K	10x	as long as short
OKX DOT-USDT-SWAP	+0.0100%	8h	1.1948	−0.025%	$9.4M	$24.2M	50x	as long as short
Hyperliquid DOTlong	+0.0100%	1h	1.1951	long leg	$5.4M	$3.5M	10x
Aster DOTUSDT	+0.0100%	8h	1.1960	+0.078%	$863K	$708K	50x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance DOTUSDT	+0.0100%	8h	1.1948	−0.025%	$43.9M	$85.3M	75x	as long as short
Bybit DOTUSDT	+0.0100%	8h	1.1947	−0.033%	$24.6M	$19.0M	75x	as long as short
Gate DOT_USDT	+0.0100%	8h	1.1950	−0.008%	$6.8M	$11.8M	75x	as long as short
MEXC DOT_USDT	+0.0100%	8h	1.1948	−0.025%	$33.2M	$49.9M	300x	as long as short
KuCoin DOTUSDTM	+0.0100%	8h	1.1953	+0.017%	$6.6M	$9.2M	75x	as long as short
Bitget DOTUSDT	+0.0100%	8h	1.1950	−0.008%	$22.8M	$14.9M	75x	as long as short
BingX DOT-USDC	+0.0100%	8h	1.1951	0.000%	—	$1.3M	—	as long as short
Backpack DOT_USDC_PERP	+0.0100%	1h	1.1956	+0.042%	$93K	$131K	10x	as long as short
Variational Omni DOT	+0.0100%	8h	1.1972	+0.177%	$545K	$58K	—	as long as short
edgeX DOTUSDC	+0.0100%	4h	1.1983	+0.271%	$35K	$336K	20x	as long as short
GRVT DOT_USDT_Perp	+0.0100%	8h	1.1989	+0.316%	$228K	$416K	10x	as long as short
Orderly PERP_DOT_USDC	+0.0100%	8h	1.1950	−0.008%	$8K	$24K	10x	as long as short
SunX DOT-USDT	+0.0100%	8h	1.1965	+0.117%	$2K	$1.3M	20x	as long as short
HTX DOT-USDT	+0.0100%	8h	1.1969	+0.151%	$260K	$242K	75x	as long as short
Extended DOT-USD	+0.0104%	1h	1.1944	−0.060%	$14K	$305K	25x	as long as short
BloFin DOT-USDT	+0.0220%	8h	1.1985	+0.284%	$2.2M	$879K	75x	as long as short
Phemex DOTUSDT	+0.0241%	8h	1.1980	+0.243%	$2.3M	$2.2M	50x	as long as short
GMX DOT/USD [WBTC.b-USDC]	L +0.0302% / S −0.1012%	1h	1.1950	−0.005%	$22K	—	100x	as long as short
Kraken Futures PF_DOTUSD	+0.0410%	1h	1.1952	+0.008%	$4.5M	$1.5M	50x	as long as short