Funding you earn now, next payment 07:00 UTC+0.0050%/8h= +5.4% APRpaid last 24h +0.088%
Price spread now: Phemex against Lighter+0.167%7-day average +0.163% · you sell dearer than you buy
Net, funding: paid 7d − costs−$11as in the Funding arb table
Net, price: spread back to 7d avg − costs−$78as in the Price arb table
costs, in and out, $10k−$790.788% of the position
Funding, last 7 days+0.674%+$67 on $10k
+Price spread, last 4 days (all we have)−0.072%−$7 · spread now +0.167%, 7d avg +0.163%
=Together, before fees+0.602%+ Points / potential airdropLighter: Season 3 · farm board+$60 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.163%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter DOT | 1.1701 | 0.0096 | pay 0.0012% / 1h | 56m 17s | $247K | $675K | 10x |
| Short | Phemex DOTUSDT | 1.1720 | 0.0146 | get 0.0146% / 8h | 1h 56m | $2.4M | $2.2M | 50x |
Lighter DOT
Phemex DOTUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against Lighter. 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
- $10.43
- Price spread: +0.167% → +0.163%
- $0.38
- Slippage, 4 orders
- −$66.84
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$68.02
- Costs to cover
- 0.788%
- Break-even
- 52.6 days
Slippage from Lighter: live order book, 44 min ago; Phemex: 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 Lighter live order book, 44 min ago | 3.12 bp | 11.6 bp −$12 | 20.8 bp −$208 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 2 min ago | 8.52 bp | 27.2 bp −$27 | 43.7 bp −$437 | 106.6 bp −$10.7K | 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-PERPETUAL | −0.3665% | 1h | 1.1705 | +0.038% | $243K | $143K | 50x | as long as short |
| Coinbase International DOT-PERP-INTX | −0.0440% | 1h | 1.1700 | −0.004% | $170K | $2.0M | 50x | as long as short |
| Reya DOTRUSDPERP | −0.0166% | 1h | 1.1694 | −0.057% | $253 | — | — | as long as short |
| dYdX DOT-USD | 0.0000% | 1h | 1.1697 | −0.033% | $141K | $6K | 10x | as long as short |
| gTrade (Gains Network) DOT/USD | L 0.0000% / S +0.0004% | 1h | 1.1697 | −0.033% | $3K | — | 150x | as long as short |
| Injective DOT/USDC PERP | +0.0033% | 1h | 1.2020 | +2.731% | $328 | $121K | 12x | as long as short |
| Lighter DOTlong | +0.0096% | 1h | 1.1701 | long leg | $247K | $675K | 10x | |
| Hyperliquid DOT | +0.0100% | 1h | 1.1700 | −0.004% | $5.4M | $4.5M | 10x | as long as short |
| Aster DOTUSDT | +0.0100% | 8h | 1.1705 | +0.037% | $838K | $604K | 50x | as long as short |
| Binance DOTUSDT | +0.0100% | 8h | 1.1698 | −0.024% | $42.6M | $88.5M | 75x | as long as short |
Deribit DOT_USDC-PERPETUAL
Coinbase International DOT-PERP-INTX
Reya DOTRUSDPERP
dYdX DOT-USD
gTrade (Gains Network) DOT/USD
Injective DOT/USDC PERP
Hyperliquid DOT
Aster DOTUSDT
Binance DOTUSDTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit DOTUSDT | +0.0100% | 8h | 1.1694 | −0.056% | $23.6M | $20.1M | 75x | as long as short |
| OKX DOT-USDT-SWAP | +0.0100% | 8h | 1.1695 | −0.047% | $9.0M | $25.6M | 50x | as long as short |
| Gate DOT_USDT | +0.0100% | 8h | 1.1700 | −0.004% | $6.7M | $12.8M | 75x | as long as short |
| MEXC DOT_USDT | +0.0100% | 8h | 1.1698 | −0.021% | $31.3M | $59.8M | 300x | as long as short |
| KuCoin DOTUSDTM | +0.0100% | 8h | 1.1700 | −0.004% | $6.3M | $9.5M | 75x | as long as short |
| Bitget DOTUSDT | +0.0100% | 8h | 1.1700 | −0.004% | $22.4M | $14.9M | 75x | as long as short |
| BingX DOT-USDC | +0.0100% | 8h | 1.1698 | −0.021% | — | $1.3M | — | as long as short |
| Backpack DOT_USDC_PERP | +0.0100% | 1h | 1.1698 | −0.021% | $91K | $131K | 10x | as long as short |
| Variational Omni DOT | +0.0100% | 8h | 1.1749 | +0.417% | $535K | $51K | — | as long as short |
| edgeX DOTUSDC | +0.0100% | 4h | 1.1725 | +0.207% | $34K | $334K | 20x | as long as short |
| GRVT DOT_USDT_Perp | +0.0100% | 8h | 1.1758 | +0.495% | $233K | $433K | 10x | as long as short |
| Orderly PERP_DOT_USDC | +0.0100% | 8h | 1.1700 | −0.004% | $8K | $19K | 10x | as long as short |
| SunX DOT-USDT | +0.0100% | 8h | 1.1715 | +0.124% | $2K | $1.3M | 20x | as long as short |
| HTX DOT-USDT | +0.0100% | 8h | 1.1734 | +0.286% | $264K | $278K | 75x | as long as short |
| Extended DOT-USD | +0.0104% | 1h | 1.1692 | −0.075% | $15K | $247K | 25x | as long as short |
| Phemex DOTUSDTshort | +0.0146% | 8h | 1.1720 | +0.167% | $2.4M | $2.2M | 50x | |
| BloFin DOT-USDT | +0.0220% | 8h | 1.1706 | +0.047% | $2.1M | $909K | 75x | as long as short |
| GMX DOT/USD [WBTC.b-USDC] | L +0.0291% / S −0.0937% | 1h | 1.1697 | −0.031% | $20K | — | 100x | as long as short |
| Kraken Futures PF_DOTUSD | +0.0327% | 1h | 1.1699 | −0.009% | $4.4M | $1.4M | 50x | as long as short |
Bybit DOTUSDT
OKX DOT-USDT-SWAP
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
BloFin DOT-USDT
GMX DOT/USD [WBTC.b-USDC]
Kraken Futures PF_DOTUSD