Funding you earn now, next payment 03:00 UTC−0.0057%/8h= −6.3% APRpaid last 24h +0.020%
Price spread now: Injective against OKX+0.200%98s7-day average +0.604% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.014%+$1 on $10k
+Price spread, last 4 days (all we have)−0.182%−$18 · spread now +0.200%, 7d avg +0.604%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Injective is 0.404% cheaper against OKX than usual: you would sell low and buy high (−$40 if the spread goes back to its 7-day average of +0.604%). Swap the legs. The two prices were read 98 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX DOT-USDT-SWAP | 1.1996 | 0.0090 | pay 0.0090% / 8h | 5h 31m | $9.4M | $24.3M | 50x |
| Short | Injective DOT/USDC PERP | 1.2020 | 0.0033 | get 0.0004% / 1h | 31m 41s | $328 | $121K | 12x |
OKX DOT-USDT-SWAP
Injective DOT/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against OKX. 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
- −$12
- Price spread: +0.200% → +0.604%
- −$40.37
- Slippage, 4 orders
- no order book: not counted
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$62.39
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: OKX: live order book, 2 min ago; Injective: no order-book sample. 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 OKX live order book, 2 min ago | 0.42 bp | 11.4 bp −$11 | 25.5 bp −$255 | doesn't fit | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
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-PERPETUAL | −0.1748% | 1h | 1.1991 | −0.042% | $229K | $116K | 50x | as long as short |
| Coinbase International DOT-PERP-INTX | −0.0376% | 1h | 1.1990 | −0.050% | $197K | $2.0M | 50x | as long as short |
| Reya DOTRUSDPERP | −0.0166% | 1h | 1.1986 | −0.080% | $259 | — | — | as long as short |
| dYdX DOT-USD | 0.0000% | 1h | 1.2000 | +0.030% | $144K | $6K | 10x | as long as short |
| gTrade (Gains Network) DOT/USD | L 0.0000% / S +0.0004% | 1h | 1.1986 | −0.087% | $3K | — | 150x | as long as short |
| Injective DOT/USDC PERPshort | +0.0033% | 1h | 1.2020 | +0.200% | $328 | $121K | 12x | |
| OKX DOT-USDT-SWAPlong | +0.0090% | 8h | 1.1996 | long leg | $9.4M | $24.3M | 50x | |
| Lighter DOT | +0.0096% | 1h | 1.2002 | +0.049% | $272K | $631K | 10x | as long as short |
| Hyperliquid DOT | +0.0100% | 1h | 1.1995 | −0.008% | $5.4M | $3.5M | 10x | as long as short |
| Aster DOTUSDT | +0.0100% | 8h | 1.1982 | −0.114% | $866K | $706K | 50x | as long as short |
Deribit DOT_USDC-PERPETUAL
Coinbase International DOT-PERP-INTX
Reya DOTRUSDPERP
dYdX DOT-USD
gTrade (Gains Network) DOT/USD
Lighter DOT
Hyperliquid DOT
Aster DOTUSDTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance DOTUSDT | +0.0100% | 8h | 1.1994 | −0.016% | $44.2M | $85.0M | 75x | as long as short |
| Bybit DOTUSDT | +0.0100% | 8h | 1.1998 | +0.017% | $24.7M | $19.0M | 75x | as long as short |
| Gate DOT_USDT | +0.0100% | 8h | 1.1990 | −0.050% | $6.8M | $11.7M | 75x | as long as short |
| MEXC DOT_USDT | +0.0100% | 8h | 1.1999 | +0.025% | $31.3M | $49.0M | 300x | as long as short |
| KuCoin DOTUSDTM | +0.0100% | 8h | 1.1997 | +0.008% | $6.5M | $9.2M | 75x | as long as short |
| Bitget DOTUSDT | +0.0100% | 8h | 1.1990 | −0.050% | $22.9M | $14.8M | 75x | as long as short |
| BingX DOT-USDT | +0.0100% | 8h | 1.1994 | −0.017% | — | $29.7M | — | as long as short |
| Backpack DOT_USDC_PERP | +0.0100% | 1h | 1.1984 | −0.100% | $93K | $131K | 10x | as long as short |
| Variational Omni DOT | +0.0100% | 8h | 1.1933 | −0.524% | $543K | $58K | — | as long as short |
| edgeX DOTUSDC | +0.0100% | 4h | 1.1942 | −0.447% | $35K | $335K | 20x | as long as short |
| GRVT DOT_USDT_Perp | +0.0100% | 8h | 1.1940 | −0.467% | $227K | $427K | 10x | as long as short |
| Orderly PERP_DOT_USDC | +0.0100% | 8h | 1.1990 | −0.050% | $8K | $24K | 10x | as long as short |
| SunX DOT-USDT | +0.0100% | 8h | 1.2005 | +0.075% | $1K | $1.3M | 20x | as long as short |
| HTX DOT-USDT | +0.0100% | 8h | 1.1935 | −0.509% | $259K | $242K | 75x | as long as short |
| Extended DOT-USD | +0.0104% | 1h | 1.1992 | −0.033% | $17K | $303K | 25x | as long as short |
| BloFin DOT-USDT | +0.0220% | 8h | 1.1978 | −0.150% | $2.2M | $868K | 75x | as long as short |
| Phemex DOTUSDT | +0.0271% | 8h | 1.2000 | +0.033% | $2.3M | $2.2M | 50x | as long as short |
| GMX DOT/USD [WBTC.b-USDC] | L +0.0303% / S −0.1012% | 1h | 1.1988 | −0.063% | $22K | — | 100x | as long as short |
| Kraken Futures PF_DOTUSD | +0.0409% | 1h | 1.1988 | −0.065% | $4.5M | $1.5M | 50x | as long as short |
Binance DOTUSDT
Bybit DOTUSDT
Gate DOT_USDT
MEXC DOT_USDT
KuCoin DOTUSDTM
Bitget DOTUSDT
BingX DOT-USDT
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
Phemex DOTUSDT
GMX DOT/USD [WBTC.b-USDC]
Kraken Futures PF_DOTUSD