Funding you earn now, next payment 00:00 UTC+0.0286%/8h= +31.3% APRnext payment +$2.86 per $10,000 · paid last 24h +0.160%
Price spread now: Phemex against OKX+0.215%7-day average +0.203% · you sell dearer than you buy
Net, funding: paid 7d − costs+$20as in the Funding arb table
Net, price: spread back to 7d avg − costs−$61as in the Price arb table
costs, in and out, $10k−$620.618% of the position
Funding, last 7 days+0.819%+$82 on $10k
+Price spread, last 3 days (all we have)−0.032%−$3 · spread now +0.215%, 7d avg +0.203%
=The price spread sits at its 7-day average of +0.203%, so right now this pair is about funding alone: +$9 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX DOT-USDT-SWAP | 1.2094 | 0.0015 | pay 0.0015% / 8h | 25m 46s | $9.6M | $24.2M | 50x |
| Short | Phemex DOTUSDT | 1.2120 | 0.0301 | get 0.0301% / 8h | 25m 46s | $2.3M | $2.1M | 50x |
OKX DOT-USDT-SWAP
Phemex DOTUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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
- $59.98
- Price spread: +0.215% → +0.203%
- $1.24
- Slippage, 4 orders
- −$39.75
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$0.53
- Costs to cover
- 0.618%
- Break-even
- 7.1 days
Slippage from OKX: live order book, 3 min ago; Phemex: live order book, 3 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 OKX live order book, 3 min ago | 0.41 bp | 11.9 bp −$12 | 23.7 bp −$237 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 3 min ago | 4.11 bp | 21.8 bp −$22 | 55.2 bp −$552 | 115.0 bp −$11.5K | 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 | −0.1235% | 1h | 1.2106 | +0.099% | $221K | $117K | 50x | as long as short |
| Reya DOTRUSDPERP | −0.0166% | 1h | 1.2095 | +0.007% | $262 | — | — | as long as short |
| Coinbase International DOT-PERP-INTX | −0.0056% | 1h | 1.2140 | +0.380% | $208K | $1.8M | 50x | as long as short |
| dYdX DOT-USD | 0.0000% | 1h | 1.2098 | +0.033% | $146K | $6K | 10x | as long as short |
| gTrade (Gains Network) DOT/USD | L 0.0000% / S +0.0004% | 1h | 1.2103 | +0.074% | $5K | — | 150x | as long as short |
| OKX DOT-USDT-SWAPlong | +0.0015% | 8h | 1.2094 | long leg | $9.6M | $24.2M | 50x | |
| Kraken Futures PF_DOTUSD | +0.0032% | 1h | 1.2110 | +0.131% | $4.5M | $1.4M | 50x | as long as short |
| Injective DOT/USDC PERP | +0.0033% | 1h | 1.2020 | −0.612% | $328 | $121K | 12x | as long as short |
| KuCoin DOTUSDTM | +0.0054% | 8h | 1.2102 | +0.066% | $6.7M | $8.8M | 75x | as long as short |
| Lighter DOT | +0.0096% | 1h | 1.2100 | +0.050% | $247K | $605K | 10x | as long as short |
Deribit DOT_USDC-PERPETUAL
Reya DOTRUSDPERP
Coinbase International DOT-PERP-INTX
dYdX DOT-USD
gTrade (Gains Network) DOT/USD
Kraken Futures PF_DOTUSD
Injective DOT/USDC PERP
KuCoin DOTUSDTM
Lighter DOTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid DOT | +0.0100% | 1h | 1.2110 | +0.132% | $5.4M | $3.4M | 10x | as long as short |
| Aster DOTUSDT | +0.0100% | 8h | 1.2115 | +0.173% | $882K | $691K | 50x | as long as short |
| Binance DOTUSDT | +0.0100% | 8h | 1.2095 | +0.008% | $44.8M | $82.9M | 75x | as long as short |
| Bybit DOTUSDT | +0.0100% | 8h | 1.2090 | −0.033% | $24.9M | $18.6M | 75x | as long as short |
| Gate DOT_USDT | +0.0100% | 8h | 1.2100 | +0.050% | $6.8M | $11.8M | 75x | as long as short |
| MEXC DOT_USDT | +0.0100% | 8h | 1.2100 | +0.050% | $32.4M | $40.2M | 300x | as long as short |
| Bitget DOTUSDT | +0.0100% | 8h | 1.2100 | +0.050% | $23.2M | $14.8M | 75x | as long as short |
| BingX DOT-USDT | +0.0100% | 8h | 1.2103 | +0.074% | — | $28.6M | — | as long as short |
| Backpack DOT_USDC_PERP | +0.0100% | 1h | 1.2101 | +0.058% | $97K | $132K | 10x | as long as short |
| Variational Omni DOT | +0.0100% | 8h | 1.2118 | +0.199% | $551K | $61K | — | as long as short |
| edgeX DOTUSDC | +0.0100% | 4h | 1.2129 | +0.293% | $36K | $332K | 20x | as long as short |
| GRVT DOT_USDT_Perp | +0.0100% | 8h | 1.2100 | +0.049% | $234K | $457K | 10x | as long as short |
| Orderly PERP_DOT_USDC | +0.0100% | 8h | 1.2100 | +0.050% | $8K | $23K | 10x | as long as short |
| SunX DOT-USDT | +0.0100% | 8h | 1.2116 | +0.182% | $2K | $1.3M | 20x | as long as short |
| HTX DOT-USDT | +0.0100% | 8h | 1.2116 | +0.182% | $250K | $220K | 75x | as long as short |
| Extended DOT-USD | +0.0104% | 1h | 1.2095 | +0.011% | $15K | $235K | 25x | as long as short |
| BloFin DOT-USDT | +0.0220% | 8h | 1.2133 | +0.322% | $2.3M | $790K | 75x | as long as short |
| Phemex DOTUSDTshort | +0.0301% | 8h | 1.2120 | +0.215% | $2.3M | $2.1M | 50x | |
| GMX DOT/USD [WBTC.b-USDC] | L +0.0303% / S −0.1012% | 1h | 1.2102 | +0.065% | $22K | — | 100x | as long as short |
Hyperliquid DOT
Aster DOTUSDT
Binance DOTUSDT
Bybit DOTUSDT
Gate DOT_USDT
MEXC DOT_USDT
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
GMX DOT/USD [WBTC.b-USDC]