Funding you earn now, next payment 08:00 UTC+0.0070%/8h= +7.7% APRnext payment +$0.70 per $10,000 · paid last 24h −0.078%
Price spread now: BloFin against Phemex−0.128%7-day average −0.192% · you buy dearer than you sell
Net, funding: paid 7d − costs−$132as in the Funding arb table
Net, price: spread back to 7d avg − costs−$69as in the Price arb table
costs, in and out, $10k−$760.757% of the position
Funding, last 7 days−0.560%−$56 on $10k
+Price spread, last 4 days (all we have)−0.067%−$7 · spread now −0.128%, 7d avg −0.192%
=Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and BloFin is 0.064% dearer against Phemex than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.192%. Mind the row above: over the last 7 days funding on this pair cost −0.560%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex DOTUSDT | 1.1700 | 0.0150 | pay 0.0150% / 8h | 1h 55m | $2.4M | $2.2M | 50x |
| Short | BloFin DOT-USDT | 1.1685 | 0.0220 | get 0.0220% / 8h | 1h 55m | $2.1M | $907K | 75x |
Phemex DOTUSDT
BloFin DOT-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Phemex. 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
- $14.77
- Price spread: −0.128% → −0.192%
- $6.41
- Slippage, 4 orders
- −$51.7
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$54.52
- Costs to cover
- 0.757%
- Break-even
- 32.8 days
Slippage from Phemex: live order book, 3 min ago; BloFin: 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 Phemex live order book, 3 min ago | 8.52 bp | 29.2 bp −$29 | 63.5 bp −$635 | 117.6 bp −$11.8K | doesn't fit |
| Sell BloFin live order book, 3 min ago | 0.85 bp | 7.7 bp −$8 | 9.1 bp −$91 | 29.3 bp −$2,931 | 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 | −0.3841% | 1h | 1.1685 | −0.128% | $243K | $143K | 50x | as long as short |
| Coinbase International DOT-PERP-INTX | −0.0440% | 1h | 1.1690 | −0.085% | $170K | $2.0M | 50x | as long as short |
| Reya DOTRUSDPERP | −0.0166% | 1h | 1.1674 | −0.223% | $253 | — | — | as long as short |
| dYdX DOT-USD | 0.0000% | 1h | 1.1680 | −0.171% | $141K | $6K | 10x | as long as short |
| gTrade (Gains Network) DOT/USD | L 0.0000% / S +0.0004% | 1h | 1.1677 | −0.200% | $3K | — | 150x | as long as short |
| Injective DOT/USDC PERP | +0.0033% | 1h | 1.2020 | +2.735% | $328 | $121K | 12x | as long as short |
| Lighter DOT | +0.0096% | 1h | 1.1680 | −0.171% | $247K | $675K | 10x | as long as short |
| Hyperliquid DOT | +0.0100% | 1h | 1.1678 | −0.186% | $5.4M | $4.5M | 10x | as long as short |
| Aster DOTUSDT | +0.0100% | 8h | 1.1684 | −0.140% | $836K | $604K | 50x | as long as short |
| Binance DOTUSDT | +0.0100% | 8h | 1.1684 | −0.137% | $42.6M | $88.6M | 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
Lighter DOT
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 | 1.1678 | −0.188% | $23.5M | $20.1M | 75x | as long as short |
| OKX DOT-USDT-SWAP | +0.0100% | 8h | 1.1678 | −0.188% | $9.0M | $25.6M | 50x | as long as short |
| Gate DOT_USDT | +0.0100% | 8h | 1.1670 | −0.256% | $6.6M | $12.8M | 75x | as long as short |
| MEXC DOT_USDT | +0.0100% | 8h | 1.1678 | −0.188% | $31.4M | $59.8M | 300x | as long as short |
| KuCoin DOTUSDTM | +0.0100% | 8h | 1.1679 | −0.179% | $6.3M | $9.4M | 75x | as long as short |
| Bitget DOTUSDT | +0.0100% | 8h | 1.1674 | −0.222% | $22.3M | $14.9M | 75x | as long as short |
| BingX DOT-USDT | +0.0100% | 8h | 1.1677 | −0.197% | — | $29.8M | — | as long as short |
| Backpack DOT_USDC_PERP | +0.0100% | 1h | 1.1694 | −0.051% | $91K | $131K | 10x | as long as short |
| Variational Omni DOT | +0.0100% | 8h | 1.1690 | −0.082% | $532K | $51K | — | as long as short |
| edgeX DOTUSDC | +0.0100% | 4h | 1.1725 | +0.212% | $34K | $334K | 20x | as long as short |
| GRVT DOT_USDT_Perp | +0.0100% | 8h | 1.1704 | +0.035% | $232K | $433K | 10x | as long as short |
| Orderly PERP_DOT_USDC | +0.0100% | 8h | 1.1680 | −0.171% | $8K | $19K | 10x | as long as short |
| SunX DOT-USDT | +0.0100% | 8h | 1.1695 | −0.043% | $2K | $1.3M | 20x | as long as short |
| HTX DOT-USDT | +0.0100% | 8h | 1.1684 | −0.137% | $263K | $279K | 75x | as long as short |
| Extended DOT-USD | +0.0104% | 1h | 1.1674 | −0.222% | $15K | $247K | 25x | as long as short |
| Phemex DOTUSDTlong | +0.0150% | 8h | 1.1700 | long leg | $2.4M | $2.2M | 50x | |
| BloFin DOT-USDTshort | +0.0220% | 8h | 1.1685 | −0.128% | $2.1M | $907K | 75x | |
| GMX DOT/USD [WBTC.b-USDC] | L +0.0291% / S −0.0937% | 1h | 1.1675 | −0.214% | $20K | — | 100x | as long as short |
| Kraken Futures PF_DOTUSD | +0.0327% | 1h | 1.1685 | −0.132% | $4.3M | $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-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
GMX DOT/USD [WBTC.b-USDC]
Kraken Futures PF_DOTUSD