Funding you earn now, next payment 00:00 UTC−0.0164%/8h= −18.0% APRnext payment −$0.21 per $10,000 · paid last 24h −0.047%
Price spread now: Coinbase International against Kraken Futures+0.016%7-day average −0.031% · you sell dearer than you buy
Net, funding: paid 7d − costs−$82as in the Funding arb table
Net, price: spread back to 7d avg − costs−$56as in the Price arb table
costs, in and out, $10k−$610.609% of the position
Funding, last 7 days−0.207%−$21 on $10k
+Price spread, last 3 days (all we have)−0.019%−$2 · spread now +0.016%, 7d avg −0.031%
=The price spread pays, funding is against you. Coinbase International is 0.048% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.016% now, against its 7-day average of −0.031%): +$5 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 23 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_DOTUSD | 1.2018 | 0.0116 | pay 0.0015% / 1h | 31m 53s | $4.5M | $1.4M | 50x |
| Short | Coinbase International DOT-PERP-INTX | 1.2020 | −0.0048 | pay 0.0006% / 1h | 31m 53s | $206K | $1.8M | 50x |
Kraken Futures PF_DOTUSD
Coinbase International DOT-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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
- −$34.54
- Price spread: +0.016% → −0.031%
- $4.78
- Slippage, 4 orders
- −$40.86
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$90.62
- Costs to cover
- 0.609%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 2 min ago; Coinbase International: live order book, 2 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, 2 min ago | 2.91 bp | 17.8 bp −$18 | 26.5 bp −$265 | 111.4 bp −$11.1K | doesn't fit |
| Sell Coinbase International live order book, 2 min ago | 4.16 bp | 9.2 bp −$9 | 15.1 bp −$151 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Reya DOTRUSDPERP | −0.0166% | 1h | 1.1996 | −0.182% | $260 | — | — | as long as short |
| Coinbase International DOT-PERP-INTXshort | −0.0048% | 1h | 1.2020 | +0.016% | $206K | $1.8M | 50x | |
| dYdX DOT-USD | 0.0000% | 1h | 1.2014 | −0.036% | $145K | $6K | 10x | as long as short |
| Deribit DOT_USDC-PERPETUAL | 0.0000% | 1h | 1.2019 | +0.008% | $220K | $116K | 50x | as long as short |
| gTrade (Gains Network) DOT/USD | L 0.0000% / S +0.0004% | 1h | 1.2009 | −0.078% | $5K | — | 150x | as long as short |
| OKX DOT-USDT-SWAP | +0.0008% | 8h | 1.2018 | 0.000% | $9.4M | $24.1M | 50x | as long as short |
| Injective DOT/USDC PERP | +0.0033% | 1h | 1.2020 | +0.016% | $328 | $121K | 12x | as long as short |
| KuCoin DOTUSDTM | +0.0060% | 8h | 1.2022 | +0.033% | $6.6M | $9.0M | 75x | as long as short |
| Lighter DOT | +0.0096% | 1h | 1.2010 | −0.064% | $243K | $601K | 10x | as long as short |
| Variational Omni DOT | +0.0097% | 8h | 1.1962 | −0.469% | $544K | $61K | — | as long as short |
Reya DOTRUSDPERP
dYdX DOT-USD
Deribit DOT_USDC-PERPETUAL
gTrade (Gains Network) DOT/USD
OKX DOT-USDT-SWAP
Injective DOT/USDC PERP
KuCoin DOTUSDTM
Lighter DOT
Variational Omni DOTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid DOT | +0.0100% | 1h | 1.2011 | −0.059% | $5.4M | $3.4M | 10x | as long as short |
| Aster DOTUSDT | +0.0100% | 8h | 1.2012 | −0.048% | $873K | $693K | 50x | as long as short |
| Binance DOTUSDT | +0.0100% | 8h | 1.2019 | +0.011% | $44.3M | $83.0M | 75x | as long as short |
| Bybit DOTUSDT | +0.0100% | 8h | 1.2017 | −0.009% | $24.8M | $18.6M | 75x | as long as short |
| Gate DOT_USDT | +0.0100% | 8h | 1.2010 | −0.067% | $6.8M | $11.6M | 75x | as long as short |
| MEXC DOT_USDT | +0.0100% | 8h | 1.2022 | +0.033% | $36.5M | $42.4M | 300x | as long as short |
| Bitget DOTUSDT | +0.0100% | 8h | 1.2013 | −0.042% | $23.0M | $14.5M | 75x | as long as short |
| BingX DOT-USDC | +0.0100% | 8h | 1.2003 | −0.125% | — | $1.3M | — | as long as short |
| Backpack DOT_USDC_PERP | +0.0100% | 1h | 1.2011 | −0.059% | $96K | $129K | 10x | as long as short |
| edgeX DOTUSDC | +0.0100% | 4h | 1.1967 | −0.422% | $35K | $334K | 20x | as long as short |
| GRVT DOT_USDT_Perp | +0.0100% | 8h | 1.1970 | −0.400% | $232K | $450K | 10x | as long as short |
| Orderly PERP_DOT_USDC | +0.0100% | 8h | 1.2000 | −0.150% | $8K | $23K | 10x | as long as short |
| SunX DOT-USDT | +0.0100% | 8h | 1.2024 | +0.050% | $2K | $1.3M | 20x | as long as short |
| HTX DOT-USDT | +0.0100% | 8h | 1.2017 | −0.009% | $248K | $213K | 75x | as long as short |
| Extended DOT-USD | +0.0104% | 1h | 1.2016 | −0.021% | $18K | $330K | 25x | as long as short |
| Kraken Futures PF_DOTUSDlong | +0.0116% | 1h | 1.2018 | long leg | $4.5M | $1.4M | 50x | |
| BloFin DOT-USDT | +0.0220% | 8h | 1.2009 | −0.075% | $2.2M | $789K | 75x | as long as short |
| GMX DOT/USD [WBTC.b-USDC] | L +0.0302% / S −0.1012% | 1h | 1.2010 | −0.068% | $22K | — | 100x | as long as short |
| Phemex DOTUSDT | +0.0393% | 8h | 1.2030 | +0.100% | $2.3M | $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-USDC
Backpack DOT_USDC_PERP
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