Funding you earn now, next payment 03:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.019%
Price spread now: Bybit against Injective−0.865%78s7-day average −0.621% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.052%+$5 on $10k
+Price spread, last 4 days (all we have)+0.865%+$87 · spread now −0.865%, 7d avg −0.621%
=Funding pays, the price is against you. Bybit is 0.244% cheaper against Injective than usual: you would sell low and buy high (spread −0.865% now, against its 7-day average of −0.621%). If the spread goes back, that is −$24 on $10k: about 12 days of funding at the current rate (+$2 a day). At the pace of the last 7 days (+0.052% in total) that is about 33 days. The two prices were read 78 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective DOT/USDC PERP | 1.2020 | 0.0033 | pay 0.0004% / 1h | 40m 01s | $328 | $121K | 12x |
| Short | Bybit DOTUSDT | 1.1916 | 0.0100 | get 0.0100% / 8h | 5h 40m | $24.5M | $18.9M | 75x |
Injective DOT/USDC PERP
Bybit DOTUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- $14
- Price spread: −0.865% → −0.621%
- −$24.4
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$21.42
- Costs to cover
- 0.110%
- Break-even
- 17.7 days
Slippage unknown: Injective: no order-book sample; Bybit: live order book, 4 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 Bybit live order book, 4 min ago | 0.42 bp | 12.1 bp −$12 | 25.7 bp −$257 | 91.3 bp −$9,132 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit DOT_USDC-PERPETUAL | −0.2007% | 1h | 1.1934 | −0.715% | $227K | $116K | 50x | as long as short |
| Coinbase International DOT-PERP-INTX | −0.0376% | 1h | 1.1930 | −0.749% | $197K | $2.0M | 50x | as long as short |
| Reya DOTRUSDPERP | −0.0166% | 1h | 1.1920 | −0.832% | $258 | — | — | as long as short |
| dYdX DOT-USD | 0.0000% | 1h | 1.1930 | −0.752% | $144K | $6K | 10x | as long as short |
| gTrade (Gains Network) DOT/USD | L 0.0000% / S +0.0004% | 1h | 1.1928 | −0.769% | $3K | — | 150x | as long as short |
| Injective DOT/USDC PERPlong | +0.0033% | 1h | 1.2020 | long leg | $328 | $121K | 12x | |
| OKX DOT-USDT-SWAP | +0.0080% | 8h | 1.1916 | −0.865% | $9.3M | $24.1M | 50x | as long as short |
| Lighter DOT | +0.0096% | 1h | 1.1932 | −0.732% | $270K | $630K | 10x | as long as short |
| Hyperliquid DOT | +0.0100% | 1h | 1.1927 | −0.774% | $5.4M | $3.5M | 10x | as long as short |
| Aster DOTUSDT | +0.0100% | 8h | 1.1934 | −0.717% | $863K | $705K | 50x | as long as short |
Deribit DOT_USDC-PERPETUAL
Coinbase International DOT-PERP-INTX
Reya DOTRUSDPERP
dYdX DOT-USD
gTrade (Gains Network) DOT/USD
OKX DOT-USDT-SWAP
Lighter DOT
Hyperliquid DOT
Aster DOTUSDTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance DOTUSDT | +0.0100% | 8h | 1.1920 | −0.828% | $44.0M | $84.8M | 75x | as long as short |
| Bybit DOTUSDTshort | +0.0100% | 8h | 1.1916 | −0.865% | $24.5M | $18.9M | 75x | |
| Gate DOT_USDT | +0.0100% | 8h | 1.1920 | −0.832% | $6.7M | $11.7M | 75x | as long as short |
| MEXC DOT_USDT | +0.0100% | 8h | 1.1912 | −0.899% | $30.1M | $48.5M | 300x | as long as short |
| KuCoin DOTUSDTM | +0.0100% | 8h | 1.1922 | −0.815% | $6.4M | $9.2M | 75x | as long as short |
| Bitget DOTUSDT | +0.0100% | 8h | 1.1910 | −0.915% | $22.7M | $14.8M | 75x | as long as short |
| BingX DOT-USDT | +0.0100% | 8h | 1.1919 | −0.840% | — | $29.8M | — | as long as short |
| Backpack DOT_USDC_PERP | +0.0100% | 1h | 1.1926 | −0.782% | $93K | $127K | 10x | as long as short |
| Variational Omni DOT | +0.0100% | 8h | 1.1937 | −0.689% | $543K | $58K | — | as long as short |
| edgeX DOTUSDC | +0.0100% | 4h | 1.1954 | −0.548% | $35K | $333K | 20x | as long as short |
| GRVT DOT_USDT_Perp | +0.0100% | 8h | 1.1960 | −0.498% | $232K | $431K | 10x | as long as short |
| Orderly PERP_DOT_USDC | +0.0100% | 8h | 1.1930 | −0.749% | $8K | $23K | 10x | as long as short |
| SunX DOT-USDT | +0.0100% | 8h | 1.1947 | −0.607% | $2K | $1.3M | 20x | as long as short |
| HTX DOT-USDT | +0.0100% | 8h | 1.1937 | −0.691% | $260K | $241K | 75x | as long as short |
| Extended DOT-USD | +0.0104% | 1h | 1.1910 | −0.915% | $17K | $303K | 25x | as long as short |
| BloFin DOT-USDT | +0.0220% | 8h | 1.1928 | −0.765% | $2.2M | $861K | 75x | as long as short |
| GMX DOT/USD [WBTC.b-USDC] | L +0.0302% / S −0.1012% | 1h | 1.1927 | −0.776% | $22K | — | 100x | as long as short |
| Phemex DOTUSDT | +0.0310% | 8h | 1.1940 | −0.666% | $2.3M | $2.2M | 50x | as long as short |
| Kraken Futures PF_DOTUSD | +0.0411% | 1h | 1.1933 | −0.725% | $4.5M | $1.5M | 50x | as long as short |
Binance DOTUSDT
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
BloFin DOT-USDT
GMX DOT/USD [WBTC.b-USDC]
Phemex DOTUSDT
Kraken Futures PF_DOTUSD