Funding you earn now, next payment 08:00 UTC−0.0020%/8h= −2.2% APRnext payment −$0.20 per $10,000 · paid last 24h −0.102%
Price spread now: MEXC against Phemex−0.067%50s7-day average −0.177% · you buy dearer than you sell
Net, funding: paid 7d − costs−$116as 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−$370.368% of the position
Funding, last 7 days−0.795%−$80 on $10k
+Price spread, last 4 days (all we have)−0.091%−$9 · spread now −0.067%, 7d avg −0.177%
=The price spread pays, funding is against you. MEXC is 0.110% dearer against Phemex than usual: you sell high and buy low (spread −0.067% now, against its 7-day average of −0.177%): +$11 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 18 days. At the pace of the last 7 days (−0.795% in total) that is about 23 hours. The two prices were read 50 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 | 1.1940 | 0.0120 | pay 0.0120% / 8h | 3h 25m | $2.4M | $2.2M | 50x |
| Short | MEXC DOT_USDT | 1.1932 | 0.0100 | get 0.0100% / 8h | 3h 25m | $34.3M | $55.0M | 300x |
Phemex DOTUSDT
MEXC DOT_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- −$4.23
- Price spread: −0.067% → −0.177%
- $11.01
- Slippage, 4 orders
- −$24.79
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$30.01
- Costs to cover
- 0.368%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 3 min ago; MEXC: 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 | 4.18 bp | 17.5 bp −$18 | 51.3 bp −$513 | 98.6 bp −$9,859 | doesn't fit |
| Sell MEXC live order book, 3 min ago | 0.42 bp | 5.1 bp −$5 | 11.5 bp −$115 | 46.7 bp −$4,672 | 76.1 bp −$38.0K |
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 | −0.2257% | 1h | 1.1936 | −0.034% | $233K | $127K | 50x | as long as short |
| Coinbase International DOT-PERP-INTX | −0.0432% | 1h | 1.1930 | −0.084% | $197K | $1.9M | 50x | as long as short |
| Reya DOTRUSDPERP | −0.0166% | 1h | 1.1925 | −0.125% | $258 | — | — | as long as short |
| dYdX DOT-USD | 0.0000% | 1h | 1.1936 | −0.036% | $144K | $6K | 10x | as long as short |
| gTrade (Gains Network) DOT/USD | L 0.0000% / S +0.0004% | 1h | 1.1929 | −0.090% | $3K | — | 150x | as long as short |
| Injective DOT/USDC PERP | +0.0033% | 1h | 1.2020 | +0.670% | $328 | $121K | 12x | as long as short |
| Kraken Futures PF_DOTUSD | +0.0057% | 1h | 1.1933 | −0.062% | $4.4M | $1.4M | 50x | as long as short |
| Lighter DOT | +0.0096% | 1h | 1.1936 | −0.032% | $263K | $640K | 10x | as long as short |
| Hyperliquid DOT | +0.0100% | 1h | 1.1932 | −0.067% | $5.4M | $3.3M | 10x | as long as short |
| Aster DOTUSDT | +0.0100% | 8h | 1.1934 | −0.049% | $851K | $593K | 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
Lighter DOT
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 | 1.1931 | −0.079% | $43.8M | $84.9M | 75x | as long as short |
| Bybit DOTUSDT | +0.0100% | 8h | 1.1928 | −0.101% | $24.4M | $18.8M | 75x | as long as short |
| OKX DOT-USDT-SWAP | +0.0100% | 8h | 1.1929 | −0.092% | $9.4M | $24.4M | 50x | as long as short |
| Gate DOT_USDT | +0.0100% | 8h | 1.1930 | −0.084% | $6.7M | $12.0M | 75x | as long as short |
| MEXC DOT_USDTshort | +0.0100% | 8h | 1.1932 | −0.067% | $34.3M | $55.0M | 300x | |
| KuCoin DOTUSDTM | +0.0100% | 8h | 1.1930 | −0.084% | $6.5M | $9.2M | 75x | as long as short |
| Bitget DOTUSDT | +0.0100% | 8h | 1.1924 | −0.134% | $22.8M | $14.5M | 75x | as long as short |
| BingX DOT-USDC | +0.0100% | 8h | 1.1930 | −0.084% | — | $1.3M | — | as long as short |
| Backpack DOT_USDC_PERP | +0.0100% | 1h | 1.1928 | −0.101% | $93K | $130K | 10x | as long as short |
| Variational Omni DOT | +0.0100% | 8h | 1.1926 | −0.119% | $543K | $57K | — | as long as short |
| edgeX DOTUSDC | +0.0100% | 4h | 1.1932 | −0.070% | $35K | $334K | 20x | as long as short |
| GRVT DOT_USDT_Perp | +0.0100% | 8h | 1.1956 | +0.135% | $227K | $420K | 10x | as long as short |
| Orderly PERP_DOT_USDC | +0.0100% | 8h | 1.1930 | −0.084% | $8K | $19K | 10x | as long as short |
| SunX DOT-USDT | +0.0100% | 8h | 1.1938 | −0.017% | $2K | $1.3M | 20x | as long as short |
| HTX DOT-USDT | +0.0100% | 8h | 1.1948 | +0.067% | $264K | $261K | 75x | as long as short |
| Extended DOT-USD | +0.0104% | 1h | 1.1928 | −0.100% | $17K | $310K | 25x | as long as short |
| Phemex DOTUSDTlong | +0.0120% | 8h | 1.1940 | long leg | $2.4M | $2.2M | 50x | |
| BloFin DOT-USDT | +0.0220% | 8h | 1.1941 | +0.008% | $2.2M | $889K | 75x | as long as short |
| GMX DOT/USD [WBTC.b-USDC] | L +0.0302% / S −0.1012% | 1h | 1.1932 | −0.067% | $22K | — | 100x | as long as short |
Binance DOTUSDT
Bybit DOTUSDT
OKX DOT-USDT-SWAP
Gate 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
BloFin DOT-USDT
GMX DOT/USD [WBTC.b-USDC]