Funding you earn now, next payment 08:00 UTC−0.0028%/8h= −3.1% APRpaid last 24h −0.140%
Price spread now: Coinbase International against Phemex−0.171%7-day average −0.157% · you buy dearer than you sell
Net, funding: paid 7d − costs−$172as in the Funding arb table
Net, price: spread back to 7d avg − costs−$68as in the Price arb table
costs, in and out, $10k−$670.666% of the position
Funding, last 7 days−1.050%−$105 on $10k
+Price spread, last 4 days (all we have)+0.083%+$8 · spread now −0.171%, 7d avg −0.157%
=The price spread sits at its 7-day average of −0.157%, 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 | Phemex DOTUSDT | 1.1700 | 0.0100 | pay 0.0100% / 8h | 7h 45m | $2.4M | $2.2M | 50x |
| Short | Coinbase International DOT-PERP-INTX | 1.1680 | 0.0072 | get 0.0009% / 1h | 45m 51s | $170K | $2.0M | 50x |
Phemex DOTUSDT
Coinbase International DOT-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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
- −$5.88
- Price spread: −0.171% → −0.157%
- −$1.43
- Slippage, 4 orders
- −$44.6
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$73.91
- Costs to cover
- 0.666%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 3 min ago; Coinbase International: 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 | 4.27 bp | 22.9 bp −$23 | 62.0 bp −$620 | 143.4 bp −$14.3K | doesn't fit |
| Sell Coinbase International live order book, 3 min ago | 8.54 bp | 13.5 bp −$14 | 18.4 bp −$184 | 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-PERPETUAL | −0.2648% | 1h | 1.1697 | −0.026% | $251K | $164K | 50x | as long as short |
| Reya DOTRUSDPERP | −0.0166% | 1h | 1.1686 | −0.118% | $253 | — | — | as long as short |
| dYdX DOT-USD | 0.0000% | 1h | 1.1692 | −0.068% | $141K | $7K | 10x | as long as short |
| gTrade (Gains Network) DOT/USD | L 0.0000% / S +0.0004% | 1h | 1.1689 | −0.093% | $3K | — | 150x | as long as short |
| Injective DOT/USDC PERP | +0.0033% | 1h | 1.2020 | +2.735% | $328 | $121K | 12x | as long as short |
| Coinbase International DOT-PERP-INTXshort | +0.0072% | 1h | 1.1680 | −0.171% | $170K | $2.0M | 50x | |
| Lighter DOT | +0.0096% | 1h | 1.1690 | −0.083% | $245K | $671K | 10x | as long as short |
| Hyperliquid DOT | +0.0100% | 1h | 1.1682 | −0.154% | $5.5M | $4.6M | 10x | as long as short |
| Aster DOTUSDT | +0.0100% | 8h | 1.1691 | −0.073% | $842K | $621K | 50x | as long as short |
| Binance DOTUSDT | +0.0100% | 8h | 1.1691 | −0.075% | $42.6M | $89.1M | 75x | as long as short |
Deribit DOT_USDC-PERPETUAL
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 | 1.1685 | −0.128% | $23.8M | $20.5M | 75x | as long as short |
| OKX DOT-USDT-SWAP | +0.0100% | 8h | 1.1686 | −0.120% | $9.0M | $25.5M | 50x | as long as short |
| Gate DOT_USDT | +0.0100% | 8h | 1.1690 | −0.085% | $6.6M | $11.8M | 75x | as long as short |
| MEXC DOT_USDT | +0.0100% | 8h | 1.1692 | −0.068% | $30.5M | $64.6M | 300x | as long as short |
| KuCoin DOTUSDTM | +0.0100% | 8h | 1.1695 | −0.043% | $6.2M | $9.4M | 75x | as long as short |
| Bitget DOTUSDT | +0.0100% | 8h | 1.1681 | −0.162% | $22.5M | $14.5M | 75x | as long as short |
| BingX DOT-USDT | +0.0100% | 8h | 1.1691 | −0.077% | — | $9.6M | — | as long as short |
| Backpack DOT_USDC_PERP | +0.0100% | 1h | 1.1690 | −0.085% | $86K | $133K | 10x | as long as short |
| Variational Omni DOT | +0.0100% | 8h | 1.1684 | −0.140% | $532K | $50K | — | as long as short |
| edgeX DOTUSDC | +0.0100% | 4h | 1.1674 | −0.218% | $34K | $336K | 20x | as long as short |
| GRVT DOT_USDT_Perp | +0.0100% | 8h | 1.1678 | −0.191% | $229K | $429K | 10x | as long as short |
| Orderly PERP_DOT_USDC | +0.0100% | 8h | 1.1690 | −0.085% | $8K | $19K | 10x | as long as short |
| SunX DOT-USDT | +0.0100% | 8h | 1.1703 | +0.026% | $1K | $1.4M | 20x | as long as short |
| HTX DOT-USDT | +0.0100% | 8h | 1.1674 | −0.222% | $263K | $283K | 75x | as long as short |
| Phemex DOTUSDTlong | +0.0100% | 8h | 1.1700 | long leg | $2.4M | $2.2M | 50x | |
| Extended DOT-USD | +0.0104% | 1h | 1.1687 | −0.111% | $16K | $273K | 25x | as long as short |
| BloFin DOT-USDT | +0.0220% | 8h | 1.1697 | −0.026% | $1.9M | $900K | 75x | as long as short |
| Kraken Futures PF_DOTUSD | +0.0244% | 1h | 1.1693 | −0.062% | $4.4M | $1.5M | 50x | as long as short |
| GMX DOT/USD [WBTC.b-USDC] | L +0.0291% / S −0.0937% | 1h | 1.1691 | −0.077% | $20K | — | 100x | 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
BloFin DOT-USDT
Kraken Futures PF_DOTUSD
GMX DOT/USD [WBTC.b-USDC]