DOT

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.4066%/8h= −445.3% APRnext payment −$5.08 per $10,000 · paid last 24h −0.232%

Price spread now: Deribit against Injective−3.303%7-day average −0.576% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Injective Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.920%−$92 on $10k

Price spread, last 4 days (all we have)+3.136%+$314 · spread now −3.303%, 7d avg −0.576%

Together, before fees+2.216%+$222 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$122 a day on $10k at the current rate, and Deribit is 2.727% cheaper against Injective than usual: you would sell low and buy high (−$273 if the spread goes back to its 7-day average of −0.576%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.920% in total (about -48.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$5.08 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	Injective DOT/USDC PERP	1.2020	0.0033	pay 0.0004% / 1h	34m 37s	$328	$121K	12x
Short	Deribit DOT_USDC-PERPETUAL	1.1623	−0.4033	pay 0.0504% / 1h	34m 37s	$242K	$149K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Injective. 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 InjectivebpFee DeribitbpOrdersPrice spread, now −3.303%Rate

Funding earned: −$853.93
Price spread: −3.303% → −0.576%: −$272.66
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$1,133.61
Costs to cover: 0.070%
Break-even: never at this rate

Slippage unknown: Injective: no order-book sample; Deribit: live order book, 9 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 Deribit live order book, 9 min ago	8.15 bp	13.2 bp −$13	23.9 bp −$239	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
Deribit DOT_USDC-PERPETUALshort	−0.4033%	1h	1.1623	−3.303%	$242K	$149K	50x
Coinbase International DOT-PERP-INTX	−0.0440%	1h	1.1610	−3.411%	$169K	$2.0M	50x	as long as short
Reya DOTRUSDPERP	−0.0166%	1h	1.1612	−3.393%	$251	—	—	as long as short
dYdX DOT-USD	0.0000%	1h	1.1613	−3.387%	$140K	$6K	10x	as long as short
gTrade (Gains Network) DOT/USD	L 0.0000% / S +0.0004%	1h	1.1611	−3.399%	$3K	—	150x	as long as short
Injective DOT/USDC PERPlong	+0.0033%	1h	1.2020	long leg	$328	$121K	12x
Lighter DOT	+0.0096%	1h	1.1615	−3.366%	$245K	$677K	10x	as long as short
Hyperliquid DOT	+0.0100%	1h	1.1612	−3.390%	$5.5M	$4.6M	10x	as long as short
Aster DOTUSDT	+0.0100%	8h	1.1623	−3.304%	$837K	$607K	50x	as long as short
Binance DOTUSDT	+0.0100%	8h	1.1611	−3.399%	$42.3M	$88.6M	75x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit DOTUSDT	+0.0100%	8h	1.1607	−3.436%	$23.5M	$20.2M	75x	as long as short
OKX DOT-USDT-SWAP	+0.0100%	8h	1.1607	−3.436%	$9.0M	$25.3M	50x	as long as short
Gate DOT_USDT	+0.0100%	8h	1.1610	−3.411%	$6.6M	$12.8M	75x	as long as short
MEXC DOT_USDT	+0.0100%	8h	1.1617	−3.353%	$33.1M	$60.8M	300x	as long as short
KuCoin DOTUSDTM	+0.0100%	8h	1.1618	−3.344%	$6.2M	$9.4M	75x	as long as short
Bitget DOTUSDT	+0.0100%	8h	1.1615	−3.369%	$22.2M	$14.8M	75x	as long as short
BingX DOT-USDC	+0.0100%	8h	1.1610	−3.411%	—	$1.3M	—	as long as short
Backpack DOT_USDC_PERP	+0.0100%	1h	1.1613	−3.386%	$90K	$131K	10x	as long as short
Variational Omni DOT	+0.0100%	8h	1.1611	−3.399%	$529K	$51K	—	as long as short
edgeX DOTUSDC	+0.0100%	4h	1.1633	−3.219%	$34K	$336K	20x	as long as short
GRVT DOT_USDT_Perp	+0.0100%	8h	1.1639	−3.166%	$230K	$433K	10x	as long as short
Orderly PERP_DOT_USDC	+0.0100%	8h	1.1610	−3.411%	$8K	$19K	10x	as long as short
SunX DOT-USDT	+0.0100%	8h	1.1631	−3.236%	$2K	$1.3M	20x	as long as short
HTX DOT-USDT	+0.0100%	8h	1.1615	−3.369%	$261K	$279K	75x	as long as short
Extended DOT-USD	+0.0104%	1h	1.1608	−3.432%	$13K	$244K	25x	as long as short
Phemex DOTUSDT	+0.0169%	8h	1.1630	−3.245%	$2.3M	$2.2M	50x	as long as short
BloFin DOT-USDT	+0.0220%	8h	1.1607	−3.436%	$2.1M	$890K	75x	as long as short
GMX DOT/USD [WBTC.b-USDC]	L +0.0290% / S −0.0937%	1h	1.1615	−3.371%	$20K	—	100x	as long as short
Kraken Futures PF_DOTUSD	+0.0329%	1h	1.1621	−3.321%	$4.3M	$1.4M	50x	as long as short