Funding you earn now, next payment 10:00 UTC−0.0221%/8h= −24.2% APRpaid last 24h −0.090%
Price spread now: dYdX against Phemex−0.174%87s7-day average −0.152% · you buy dearer than you sell
Net, funding: paid 7d − costs−$258as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1701.696% of the position
Funding, last 7 days−0.884%−$88 on $10k
+Price spread, last 4 days (all we have)+0.347%+$35 · spread now −0.174%, 7d avg −0.152%
=Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and dYdX is 0.021% cheaper against Phemex than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.152%). Swap the legs. The two prices were read 87 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 | Phemex DOTUSDT | 1.1700 | 0.0221 | pay 0.0221% / 8h | 6h 53m | $2.4M | $2.2M | 50x |
| Short | dYdX DOT-USD | 1.1680 | 0 | get 0.0000% / 1h | 53m 14s | $141K | $6K | 10x |
Phemex DOTUSDT
dYdX DOT-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
dYdX 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
- −$46.33
- Price spread: −0.174% → −0.152%
- −$2.14
- Slippage, 4 orders
- −$147.56
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee dYdX: 5 bp × 2 orders
- −$10
- Net
- −$218.03
- Costs to cover
- 1.696%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 5 min ago; dYdX: live order book, 41 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, 5 min ago | 4.24 bp | 22.0 bp −$22 | 57.8 bp −$578 | 115.8 bp −$11.6K | doesn't fit |
| Sell dYdX live order book, 41 min ago | 21.27 bp | 102.6 bp −$103 | 211.7 bp −$2,117 | 242.2 bp −$24.2K | 253.2 bp −$126.6K |
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 | −0.1031% | 1h | 1.1694 | −0.051% | $255K | $165K | 50x | as long as short |
| Coinbase International DOT-PERP-INTX | −0.0464% | 1h | 1.1720 | +0.171% | $170K | $1.8M | 50x | as long as short |
| Reya DOTRUSDPERP | −0.0166% | 1h | 1.1677 | −0.195% | $253 | — | — | as long as short |
| dYdX DOT-USDshort | 0.0000% | 1h | 1.1680 | −0.174% | $141K | $6K | 10x | |
| gTrade (Gains Network) DOT/USD | L 0.0000% / S +0.0004% | 1h | 1.1679 | −0.179% | $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 | 1.1685 | −0.127% | $246K | $660K | 10x | as long as short |
| Hyperliquid DOT | +0.0100% | 1h | 1.1678 | −0.188% | $5.5M | $4.3M | 10x | as long as short |
| Aster DOTUSDT | +0.0100% | 8h | 1.1699 | −0.008% | $843K | $462K | 50x | as long as short |
| Binance DOTUSDT | +0.0100% | 8h | 1.1684 | −0.137% | $42.8M | $85.2M | 75x | as long as short |
Deribit DOT_USDC-PERPETUAL
Coinbase International DOT-PERP-INTX
Reya DOTRUSDPERP
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 | 1.1677 | −0.197% | $23.8M | $19.5M | 75x | as long as short |
| OKX DOT-USDT-SWAP | +0.0100% | 8h | 1.1681 | −0.162% | $9.0M | $24.0M | 50x | as long as short |
| Gate DOT_USDT | +0.0100% | 8h | 1.1690 | −0.085% | $6.6M | $10.5M | 75x | as long as short |
| MEXC DOT_USDT | +0.0100% | 8h | 1.1678 | −0.188% | $35.7M | $66.2M | 300x | as long as short |
| KuCoin DOTUSDTM | +0.0100% | 8h | 1.1691 | −0.077% | $6.2M | $9.4M | 75x | as long as short |
| Bitget DOTUSDT | +0.0100% | 8h | 1.1670 | −0.256% | $22.5M | $13.9M | 75x | as long as short |
| BingX DOT-USDC | +0.0100% | 8h | 1.1674 | −0.222% | — | $1.3M | — | as long as short |
| Backpack DOT_USDC_PERP | +0.0100% | 1h | 1.1720 | +0.171% | $89K | $131K | 10x | as long as short |
| Variational Omni DOT | +0.0100% | 8h | 1.1757 | +0.485% | $536K | $43K | — | as long as short |
| edgeX DOTUSDC | +0.0100% | 4h | 1.1723 | +0.197% | $34K | $335K | 20x | as long as short |
| GRVT DOT_USDT_Perp | +0.0100% | 8h | 1.1790 | +0.768% | $234K | $427K | 10x | as long as short |
| Orderly PERP_DOT_USDC | +0.0100% | 8h | 1.1680 | −0.171% | $8K | $18K | 10x | as long as short |
| SunX DOT-USDT | +0.0100% | 8h | 1.1696 | −0.034% | $2K | $1.3M | 20x | as long as short |
| HTX DOT-USDT | +0.0100% | 8h | 1.1696 | −0.034% | $264K | $273K | 75x | as long as short |
| Extended DOT-USD | +0.0104% | 1h | 1.1672 | −0.239% | $13K | $270K | 25x | as long as short |
| Kraken Futures PF_DOTUSD | +0.0154% | 1h | 1.1694 | −0.055% | $4.4M | $1.4M | 50x | as long as short |
| BloFin DOT-USDT | +0.0220% | 8h | 1.1683 | −0.145% | $1.9M | $839K | 75x | as long as short |
| Phemex DOTUSDTlong | +0.0221% | 8h | 1.1700 | long leg | $2.4M | $2.2M | 50x | |
| GMX DOT/USD [WBTC.b-USDC] | L +0.0290% / S −0.0937% | 1h | 1.1681 | −0.165% | $20K | — | 100x | 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
Kraken Futures PF_DOTUSD
BloFin DOT-USDT
GMX DOT/USD [WBTC.b-USDC]