Funding you earn now, next payment 06:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.088%
Price spread now: Lighter against Phemex−0.134%7-day average −0.163% · you buy dearer than you sell
Net, funding: paid 7d − costs−$124as in the Funding arb table
Net, price: spread back to 7d avg − costs−$54as in the Price arb table
costs, in and out, $10k−$570.569% of the position
Funding, last 7 days−0.674%−$67 on $10k
+Price spread, last 4 days (all we have)+0.039%+$4 · spread now −0.134%, 7d avg −0.163%
=Together, before fees−0.635%+ Points / potential airdropLighter: Season 3 · farm board−$63 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter is 0.029% dearer against Phemex than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.163%.
| 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 | 2h 33m | $2.3M | $2.2M | 50x |
| Short | Lighter DOT | 1.1684 | 0.0096 | get 0.0012% / 1h | 33m 18s | $249K | $663K | 10x |
Phemex DOTUSDT
Lighter DOTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter 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
- −$0.84
- Price spread: −0.134% → −0.163%
- $2.87
- Slippage, 4 orders
- −$44.9
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$54.87
- Costs to cover
- 0.569%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 5 min ago; Lighter: live order book, 7 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 | 4.26 bp | 16.0 bp −$16 | 49.5 bp −$495 | 128.6 bp −$12.9K | doesn't fit |
| Sell Lighter live order book, 7 min ago | 3.12 bp | 10.7 bp −$11 | 25.2 bp −$252 | 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 | −0.3330% | 1h | 1.1690 | −0.085% | $233K | $133K | 50x | as long as short |
| Coinbase International DOT-PERP-INTX | −0.0864% | 1h | 1.1680 | −0.171% | $172K | $1.9M | 50x | as long as short |
| Reya DOTRUSDPERP | −0.0166% | 1h | 1.1675 | −0.214% | $253 | — | — | as long as short |
| dYdX DOT-USD | 0.0000% | 1h | 1.1686 | −0.118% | $141K | $6K | 10x | as long as short |
| gTrade (Gains Network) DOT/USD | L 0.0000% / S +0.0004% | 1h | 1.1685 | −0.128% | $3K | — | 150x | as long as short |
| Injective DOT/USDC PERP | +0.0033% | 1h | 1.2020 | +2.735% | $328 | $121K | 12x | as long as short |
| Kraken Futures PF_DOTUSD | +0.0092% | 1h | 1.1689 | −0.096% | $4.3M | $1.4M | 50x | as long as short |
| Lighter DOTshort | +0.0096% | 1h | 1.1684 | −0.134% | $249K | $663K | 10x | |
| Hyperliquid DOT | +0.0100% | 1h | 1.1684 | −0.137% | $5.2M | $3.4M | 10x | as long as short |
| Aster DOTUSDT | +0.0100% | 8h | 1.1695 | −0.044% | $833K | $597K | 50x | 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
Kraken Futures PF_DOTUSD
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 | 1.1693 | −0.060% | $42.7M | $86.3M | 75x | as long as short |
| Bybit DOTUSDT | +0.0100% | 8h | 1.1678 | −0.188% | $23.7M | $19.6M | 75x | as long as short |
| OKX DOT-USDT-SWAP | +0.0100% | 8h | 1.1679 | −0.179% | $9.2M | $24.6M | 50x | as long as short |
| Gate DOT_USDT | +0.0100% | 8h | 1.1680 | −0.171% | $6.6M | $12.4M | 75x | as long as short |
| MEXC DOT_USDT | +0.0100% | 8h | 1.1685 | −0.128% | $28.5M | $57.5M | 300x | as long as short |
| KuCoin DOTUSDTM | +0.0100% | 8h | 1.1684 | −0.137% | $6.2M | $9.2M | 75x | as long as short |
| Bitget DOTUSDT | +0.0100% | 8h | 1.1680 | −0.171% | $22.3M | $14.7M | 75x | as long as short |
| BingX DOT-USDT | +0.0100% | 8h | 1.1683 | −0.145% | — | $29.8M | — | as long as short |
| Backpack DOT_USDC_PERP | +0.0100% | 1h | 1.1696 | −0.034% | $90K | $130K | 10x | as long as short |
| Variational Omni DOT | +0.0100% | 8h | 1.1723 | +0.194% | $534K | $52K | — | as long as short |
| edgeX DOTUSDC | +0.0100% | 4h | 1.1748 | +0.413% | $34K | $336K | 20x | as long as short |
| GRVT DOT_USDT_Perp | +0.0100% | 8h | 1.1713 | +0.110% | $232K | $420K | 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 | 1.1705 | +0.043% | $2K | $1.3M | 20x | as long as short |
| HTX DOT-USDT | +0.0100% | 8h | 1.1685 | −0.128% | $262K | $269K | 75x | as long as short |
| Phemex DOTUSDTlong | +0.0100% | 8h | 1.1700 | long leg | $2.3M | $2.2M | 50x | |
| Extended DOT-USD | +0.0104% | 1h | 1.1676 | −0.206% | $15K | $245K | 25x | as long as short |
| BloFin DOT-USDT | +0.0220% | 8h | 1.1692 | −0.068% | $2.2M | $891K | 75x | as long as short |
| GMX DOT/USD [WBTC.b-USDC] | L +0.0300% / S −0.1012% | 1h | 1.1684 | −0.138% | $22K | — | 100x | as long as short |
Binance DOTUSDT
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
GMX DOT/USD [WBTC.b-USDC]