Funding you earn now, next payment 02:00 UTC−0.0095%/8h= −10.4% APRpaid last 24h +0.015%
Price spread now: Binance against Kraken Futures−0.119%7-day average −0.056% · you buy dearer than you sell
Net, funding: paid 7d − costs−$51as in the Funding arb table
Net, price: spread back to 7d avg − costs−$54as in the Price arb table
costs, in and out, $10k−$470.474% of the position
Funding, last 7 days−0.035%−$3 on $10k
+Price spread, last 3 days (all we have)+0.110%+$11 · spread now −0.119%, 7d avg −0.056%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Binance is 0.063% cheaper against Kraken Futures than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.056%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_DOTUSD | 1.2018 | 0.0195 | pay 0.0024% / 1h | 3m 13s | $4.5M | $1.5M | 50x |
| Short | Binance DOTUSDT | 1.2004 | 0.0100 | get 0.0100% / 8h | 6h 03m | $44.3M | $85.0M | 75x |
Kraken Futures PF_DOTUSD
Binance DOTUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Kraken Futures. 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
- −$20
- Price spread: −0.119% → −0.056%
- −$6.31
- Slippage, 4 orders
- −$27.41
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$73.72
- Costs to cover
- 0.474%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 6 min ago; Binance: live order book, 9 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 Kraken Futures live order book, 6 min ago | 2.49 bp | 12.6 bp −$13 | 23.8 bp −$238 | 129.6 bp −$13.0K | doesn't fit |
| Sell Binance live order book, 9 min ago | 0.41 bp | 9.2 bp −$9 | 20.3 bp −$203 | 59.3 bp −$5,933 | doesn't fit |
DOT on 28 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 | −0.1577% | 1h | 1.2017 | −0.008% | $220K | $116K | 50x | as long as short |
| Reya DOTRUSDPERP | −0.0166% | 1h | 1.2000 | −0.153% | $260 | — | — | as long as short |
| Coinbase International DOT-PERP-INTX | −0.0024% | 1h | 1.2010 | −0.066% | $198K | $2.0M | 50x | as long as short |
| dYdX DOT-USD | 0.0000% | 1h | 1.2012 | −0.050% | $145K | $6K | 10x | as long as short |
| gTrade (Gains Network) DOT/USD | L 0.0000% / S +0.0004% | 1h | 1.2002 | −0.132% | $3K | — | 150x | as long as short |
| Injective DOT/USDC PERP | +0.0033% | 1h | 1.2020 | +0.017% | $328 | $121K | 12x | as long as short |
| OKX DOT-USDT-SWAP | +0.0066% | 8h | 1.1999 | −0.158% | $9.4M | $24.2M | 50x | as long as short |
| Lighter DOT | +0.0096% | 1h | 1.2019 | +0.010% | $271K | $630K | 10x | as long as short |
| Hyperliquid DOT | +0.0100% | 1h | 1.2006 | −0.099% | $5.4M | $3.4M | 10x | as long as short |
| Aster DOTUSDT | +0.0100% | 8h | 1.2015 | −0.021% | $869K | $705K | 50x | as long as short |
Deribit DOT_USDC-PERPETUAL
Reya DOTRUSDPERP
Coinbase International DOT-PERP-INTX
dYdX DOT-USD
gTrade (Gains Network) DOT/USD
Injective DOT/USDC PERP
OKX DOT-USDT-SWAP
Lighter DOT
Hyperliquid DOT
Aster DOTUSDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance DOTUSDTshort | +0.0100% | 8h | 1.2004 | −0.119% | $44.3M | $85.0M | 75x | |
| Bybit DOTUSDT | +0.0100% | 8h | 1.1999 | −0.158% | $24.6M | $18.9M | 75x | as long as short |
| Gate DOT_USDT | +0.0100% | 8h | 1.2000 | −0.149% | $6.8M | $11.8M | 75x | as long as short |
| MEXC DOT_USDT | +0.0100% | 8h | 1.2006 | −0.099% | $27.0M | $47.8M | 300x | as long as short |
| KuCoin DOTUSDTM | +0.0100% | 8h | 1.2012 | −0.049% | $6.5M | $9.2M | 75x | as long as short |
| Bitget DOTUSDT | +0.0100% | 8h | 1.2000 | −0.149% | $22.9M | $14.7M | 75x | as long as short |
| BingX DOT-USDC | +0.0100% | 8h | 1.2002 | −0.133% | — | $1.3M | — | as long as short |
| Backpack DOT_USDC_PERP | +0.0100% | 1h | 1.2001 | −0.141% | $96K | $126K | 10x | as long as short |
| Variational Omni DOT | +0.0100% | 8h | 1.2012 | −0.046% | $547K | $58K | — | as long as short |
| edgeX DOTUSDC | +0.0100% | 4h | 1.2035 | +0.139% | $35K | $334K | 20x | as long as short |
| GRVT DOT_USDT_Perp | +0.0100% | 8h | 1.2013 | −0.045% | $233K | $431K | 10x | as long as short |
| Orderly PERP_DOT_USDC | +0.0100% | 8h | 1.2010 | −0.066% | $8K | $23K | 10x | as long as short |
| SunX DOT-USDT | +0.0100% | 8h | 1.2016 | −0.016% | $2K | $1.3M | 20x | as long as short |
| HTX DOT-USDT | +0.0100% | 8h | 1.2017 | −0.008% | $258K | $236K | 75x | as long as short |
| Extended DOT-USD | +0.0104% | 1h | 1.2005 | −0.111% | $14K | $300K | 25x | as long as short |
| Kraken Futures PF_DOTUSDlong | +0.0195% | 1h | 1.2018 | long leg | $4.5M | $1.5M | 50x | |
| GMX DOT/USD [WBTC.b-USDC] | L +0.0303% / S −0.1012% | 1h | 1.1999 | −0.155% | $22K | — | 100x | as long as short |
| Phemex DOTUSDT | +0.0341% | 8h | 1.2020 | +0.017% | $2.3M | $2.2M | 50x | as long as short |
Bybit DOTUSDT
Gate DOT_USDT
MEXC DOT_USDT
KuCoin DOTUSDTM
Bitget DOTUSDT
BingX DOT-USDC
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
GMX DOT/USD [WBTC.b-USDC]
Phemex DOTUSDT