Funding you earn now, next payment 23:00 UTC+0.0140%/8h= +15.3% APRnext payment +$0.18 per $10,000 · paid last 24h +0.021%
Price spread now: Backpack against Injective+0.358%7-day average −0.600% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.052%+$5 on $10k
+Price spread, last 3 days (all we have)−0.297%−$30 · spread now +0.358%, 7d avg −0.600%
=Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Backpack is 0.958% dearer against Injective than usual: you sell high and buy low: +$96 more if the spread goes back to its 7-day average of −0.600%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective DOT/USDC PERP | 1.2020 | −0.0040 | get 0.0005% / 1h | 12m 11s | $328 | $121K | 12x |
| Short | Backpack DOT_USDC_PERP | 1.2063 | 0.0100 | get 0.0013% / 1h | 12m 11s | $96K | $129K | 10x |
Injective DOT/USDC PERP
Backpack DOT_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Injective. 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
- $29.41
- Price spread: +0.358% → −0.600%
- $95.81
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- $115.2
- Costs to cover
- 0.100%
- Break-even
- from the start
Slippage unknown: Injective: no order-book sample; Backpack: live order book, 6 min ago. Net counts fees only.
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 Injective no order-book sample | — | — | — | — | — |
| Sell Backpack live order book, 6 min ago | 0.41 bp | 6.5 bp −$6 | doesn't fit | doesn't fit | doesn't fit |
Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | 1.2073 | +0.438% | $261 | — | — | as long as short |
| Coinbase International DOT-PERP-INTX | −0.0128% | 1h | 1.2080 | +0.499% | $198K | $1.8M | 50x | as long as short |
| Kraken Futures PF_DOTUSD | −0.0053% | 1h | 1.2084 | +0.532% | $4.5M | $1.4M | 50x | as long as short |
| Injective DOT/USDC PERPlong | −0.0040% | 1h | 1.2020 | long leg | $328 | $121K | 12x | |
| OKX DOT-USDT-SWAP | −0.0011% | 8h | 1.2088 | +0.566% | $9.5M | $23.9M | 50x | as long as short |
| dYdX DOT-USD | 0.0000% | 1h | 1.2078 | +0.480% | $145K | $6K | 10x | as long as short |
| Deribit DOT_USDC-PERPETUAL | 0.0000% | 1h | 1.2088 | +0.566% | $221K | $117K | 50x | as long as short |
| gTrade (Gains Network) DOT/USD | L 0.0000% / S +0.0004% | 1h | 1.2080 | +0.497% | $5K | — | 150x | as long as short |
| KuCoin DOTUSDTM | +0.0038% | 8h | 1.2090 | +0.582% | $6.8M | $8.7M | 75x | as long as short |
| Lighter DOT | +0.0096% | 1h | 1.2077 | +0.478% | $246K | $602K | 10x | as long as short |
Reya DOTRUSDPERP
Coinbase International DOT-PERP-INTX
Kraken Futures PF_DOTUSD
OKX DOT-USDT-SWAP
dYdX DOT-USD
Deribit DOT_USDC-PERPETUAL
gTrade (Gains Network) DOT/USD
KuCoin DOTUSDTM
Lighter DOTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid DOT | +0.0100% | 1h | 1.2085 | +0.541% | $5.3M | $3.3M | 10x | as long as short |
| Aster DOTUSDT | +0.0100% | 8h | 1.2075 | +0.454% | $876K | $683K | 50x | as long as short |
| Binance DOTUSDT | +0.0100% | 8h | 1.2090 | +0.584% | $44.7M | $81.4M | 75x | as long as short |
| Bybit DOTUSDT | +0.0100% | 8h | 1.2083 | +0.524% | $24.8M | $18.3M | 75x | as long as short |
| Gate DOT_USDT | +0.0100% | 8h | 1.2070 | +0.416% | $6.9M | $11.6M | 75x | as long as short |
| MEXC DOT_USDT | +0.0100% | 8h | 1.2090 | +0.582% | $29.0M | $37.9M | 300x | as long as short |
| Bitget DOTUSDT | +0.0100% | 8h | 1.2077 | +0.474% | $23.2M | $14.4M | 75x | as long as short |
| BingX DOT-USDT | +0.0100% | 8h | 1.2074 | +0.449% | — | $28.5M | — | as long as short |
| Backpack DOT_USDC_PERPshort | +0.0100% | 1h | 1.2063 | +0.358% | $96K | $129K | 10x | |
| Variational Omni DOT | +0.0100% | 8h | 1.2042 | +0.183% | $548K | $63K | — | as long as short |
| edgeX DOTUSDC | +0.0100% | 4h | 1.2055 | +0.292% | $35K | $334K | 20x | as long as short |
| GRVT DOT_USDT_Perp | +0.0100% | 8h | 1.2060 | +0.333% | $233K | $456K | 10x | as long as short |
| Orderly PERP_DOT_USDC | +0.0100% | 8h | 1.2070 | +0.416% | $8K | $24K | 10x | as long as short |
| SunX DOT-USDT | +0.0100% | 8h | 1.2092 | +0.599% | $2K | $1.3M | 20x | as long as short |
| HTX DOT-USDT | +0.0100% | 8h | 1.2092 | +0.599% | $249K | $219K | 75x | as long as short |
| Extended DOT-USD | +0.0104% | 1h | 1.2071 | +0.427% | $15K | $235K | 25x | as long as short |
| BloFin DOT-USDT | +0.0220% | 8h | 1.2046 | +0.216% | $2.3M | $778K | 75x | as long as short |
| GMX DOT/USD [WBTC.b-USDC] | L +0.0305% / S −0.1025% | 1h | 1.2080 | +0.503% | $23K | — | 100x | as long as short |
| Phemex DOTUSDT | +0.0306% | 8h | 1.2100 | +0.666% | $2.2M | $2.1M | 50x | as long as short |
Hyperliquid DOT
Aster DOTUSDT
Binance DOTUSDT
Bybit DOTUSDT
Gate DOT_USDT
MEXC DOT_USDT
Bitget DOTUSDT
BingX DOT-USDT
Variational Omni DOT
edgeX DOTUSDC
GRVT DOT_USDT_Perp
Orderly PERP_DOT_USDC
SunX DOT-USDT
HTX DOT-USDT
Extended DOT-USD
BloFin DOT-USDT
GMX DOT/USD [WBTC.b-USDC]
Phemex DOTUSDT