DOT

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.4185%/8h= −458.3% APRnext payment −$5.23 per $10,000 · paid last 24h −0.237%

Price spread now: Deribit against Kraken Futures+0.013%7-day average +0.012% · you sell dearer than you buy

Net, funding: paid 7d − costs−$147as in the Funding arb table

Net, price: spread back to 7d avg − costs−$51as in the Price arb table

costs, in and out, $10k−$510.506% of the position

Long on Kraken Futures Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.968%−$97 on $10k

Price spread, last 4 days (all we have)−0.005%−$1 · spread now +0.013%, 7d avg +0.012%

Together, before fees−0.973%−$97 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.012%, so right now this pair is about funding alone: −$126 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.968% in total (about -50.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$5.23 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	Kraken Futures PF_DOTUSD	1.1637	0.0328	pay 0.0041% / 1h	3m 34s	$4.3M	$1.5M	50x
Short	Deribit DOT_USDC-PERPETUAL	1.1638	−0.3857	pay 0.0482% / 1h	3m 34s	$246K	$152K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 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 Kraken FuturesbpFee DeribitbpOrdersPrice spread, now +0.013%Rate

Funding earned: −$878.95
Price spread: +0.013% → +0.012%: $0.08
Slippage, 4 orders: −$33.63
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$929.5
Costs to cover: 0.506%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 5 min ago; Deribit: live order book, 40 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, 5 min ago	0.43 bp	14.6 bp −$15	27.0 bp −$270	175.8 bp −$17.6K	doesn't fit
Sell Deribit live order book, 40 min ago	8.15 bp	13.2 bp −$13	23.9 bp −$239	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
Deribit DOT_USDC-PERPETUALshort	−0.3857%	1h	1.1638	+0.013%	$246K	$152K	50x
Coinbase International DOT-PERP-INTX	−0.0440%	1h	1.1650	+0.116%	$170K	$2.0M	50x	as long as short
Reya DOTRUSDPERP	−0.0166%	1h	1.1632	−0.038%	$252	—	—	as long as short
dYdX DOT-USD	0.0000%	1h	1.1636	−0.006%	$140K	$6K	10x	as long as short
gTrade (Gains Network) DOT/USD	L 0.0000% / S +0.0004%	1h	1.1635	−0.016%	$3K	—	150x	as long as short
Injective DOT/USDC PERP	+0.0033%	1h	1.2020	+3.296%	$328	$121K	12x	as long as short
Lighter DOT	+0.0096%	1h	1.1636	−0.004%	$246K	$677K	10x	as long as short
Hyperliquid DOT	+0.0100%	1h	1.1635	−0.013%	$5.6M	$4.6M	10x	as long as short
Aster DOTUSDT	+0.0100%	8h	1.1640	+0.028%	$838K	$607K	50x	as long as short
Binance DOTUSDT	+0.0100%	8h	1.1631	−0.047%	$42.4M	$88.8M	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	1.1621	−0.133%	$23.6M	$20.2M	75x	as long as short
OKX DOT-USDT-SWAP	+0.0100%	8h	1.1624	−0.107%	$9.0M	$25.3M	50x	as long as short
Gate DOT_USDT	+0.0100%	8h	1.1630	−0.056%	$6.7M	$12.9M	75x	as long as short
MEXC DOT_USDT	+0.0100%	8h	1.1636	−0.004%	$35.2M	$61.9M	300x	as long as short
KuCoin DOTUSDTM	+0.0100%	8h	1.1637	+0.004%	$6.1M	$9.4M	75x	as long as short
Bitget DOTUSDT	+0.0100%	8h	1.1632	−0.039%	$22.3M	$14.8M	75x	as long as short
BingX DOT-USDC	+0.0100%	8h	1.1634	−0.022%	—	$1.3M	—	as long as short
Backpack DOT_USDC_PERP	+0.0100%	1h	1.1634	−0.022%	$90K	$130K	10x	as long as short
Variational Omni DOT	+0.0100%	8h	1.1650	+0.120%	$530K	$51K	—	as long as short
edgeX DOTUSDC	+0.0100%	4h	1.1648	+0.097%	$34K	$336K	20x	as long as short
GRVT DOT_USDT_Perp	+0.0100%	8h	1.1644	+0.068%	$223K	$433K	10x	as long as short
Orderly PERP_DOT_USDC	+0.0100%	8h	1.1640	+0.030%	$8K	$19K	10x	as long as short
SunX DOT-USDT	+0.0100%	8h	1.1657	+0.176%	$2K	$1.3M	20x	as long as short
HTX DOT-USDT	+0.0100%	8h	1.1643	+0.056%	$262K	$281K	75x	as long as short
Extended DOT-USD	+0.0104%	1h	1.1628	−0.074%	$13K	$259K	25x	as long as short
Phemex DOTUSDT	+0.0198%	8h	1.1650	+0.116%	$2.4M	$2.2M	50x	as long as short
BloFin DOT-USDT	+0.0220%	8h	1.1645	+0.073%	$1.9M	$901K	75x	as long as short
GMX DOT/USD [WBTC.b-USDC]	L +0.0290% / S −0.0937%	1h	1.1634	−0.023%	$20K	—	100x	as long as short
Kraken Futures PF_DOTUSDlong	+0.0328%	1h	1.1637	long leg	$4.3M	$1.5M	50x