Funding you earn now, next payment 08:00 UTC−0.0553%/8h= −60.5% APRnext payment −$5.53 per $10,000 · paid last 24h −0.130%
Price spread now: OKX against Phemex−0.084%7-day average −0.205% · you buy dearer than you sell
Net, funding: paid 7d − costs−$151as in the Funding arb table
Net, price: spread back to 7d avg − costs−$59as in the Price arb table
costs, in and out, $10k−$710.707% of the position
Funding, last 7 days−0.804%−$80 on $10k
+Price spread, last 3 days (all we have)−0.119%−$12 · spread now −0.084%, 7d avg −0.205%
=The price spread pays, funding is against you. OKX is 0.121% dearer against Phemex than usual: you sell high and buy low (spread −0.084% now, against its 7-day average of −0.205%): +$12 on $10k if it goes back. Holding the pair costs −$17 a day in funding at the current rate, which eats that in about 17 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex DOTUSDT | 1.1940 | 0.0576 | pay 0.0576% / 8h | 6h 45m | $2.3M | $2.1M | 50x |
| Short | OKX DOT-USDT-SWAP | 1.1930 | 0.0023 | get 0.0023% / 8h | 6h 45m | $9.3M | $24.3M | 50x |
Phemex DOTUSDT
OKX DOT-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- −$116.1
- Price spread: −0.084% → −0.205%
- $12.09
- Slippage, 4 orders
- −$48.74
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$174.75
- Costs to cover
- 0.707%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 3 min ago; OKX: 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 | 22.1 bp −$22 | 67.9 bp −$679 | 116.0 bp −$11.6K | doesn't fit |
| Sell OKX live order book, 3 min ago | 0.42 bp | 11.1 bp −$11 | 26.2 bp −$262 | 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 | −0.1841% | 1h | 1.1931 | −0.075% | $218K | $116K | 50x | as long as short |
| Reya DOTRUSDPERP | −0.0166% | 1h | 1.1909 | −0.258% | $258 | — | — | as long as short |
| Coinbase International DOT-PERP-INTX | −0.0024% | 1h | 1.1920 | −0.168% | $196K | $1.8M | 50x | as long as short |
| gTrade (Gains Network) DOT/USD | L −0.0002% / S +0.0004% | 1h | 1.1917 | −0.193% | $14K | — | 150x | as long as short |
| dYdX DOT-USD | 0.0000% | 1h | 1.1918 | −0.184% | $143K | $6K | 10x | as long as short |
| OKX DOT-USDT-SWAPshort | +0.0023% | 8h | 1.1930 | −0.084% | $9.3M | $24.3M | 50x | |
| Injective DOT/USDC PERP | +0.0033% | 1h | 1.2020 | +0.670% | $328 | $121K | 12x | as long as short |
| KuCoin DOTUSDTM | +0.0078% | 8h | 1.1920 | −0.168% | $6.5M | $9.2M | 75x | as long as short |
| Lighter DOT | +0.0096% | 1h | 1.1920 | −0.168% | $241K | $597K | 10x | as long as short |
| Hyperliquid DOT | +0.0100% | 1h | 1.1919 | −0.176% | $5.4M | $3.4M | 10x | as long as short |
Deribit DOT_USDC-PERPETUAL
Reya DOTRUSDPERP
Coinbase International DOT-PERP-INTX
gTrade (Gains Network) DOT/USD
dYdX DOT-USD
Injective DOT/USDC PERP
KuCoin DOTUSDTM
Lighter DOT
Hyperliquid DOTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster DOTUSDT | +0.0100% | 8h | 1.1921 | −0.157% | $863K | $704K | 50x | as long as short |
| Binance DOTUSDT | +0.0100% | 8h | 1.1920 | −0.170% | $43.9M | $84.3M | 75x | as long as short |
| Bybit DOTUSDT | +0.0100% | 8h | 1.1929 | −0.092% | $24.7M | $18.9M | 75x | as long as short |
| Gate DOT_USDT | +0.0100% | 8h | 1.1930 | −0.084% | $6.7M | $11.4M | 75x | as long as short |
| MEXC DOT_USDT | +0.0100% | 8h | 1.1925 | −0.126% | $31.6M | $45.0M | 300x | as long as short |
| Bitget DOTUSDT | +0.0100% | 8h | 1.1920 | −0.168% | $22.7M | $14.7M | 75x | as long as short |
| BingX DOT-USDC | +0.0100% | 8h | 1.1924 | −0.134% | — | $1.3M | — | as long as short |
| Backpack DOT_USDC_PERP | +0.0100% | 1h | 1.1920 | −0.168% | $95K | $129K | 10x | as long as short |
| Variational Omni DOT | +0.0100% | 8h | 1.1912 | −0.237% | $542K | $59K | — | as long as short |
| edgeX DOTUSDC | +0.0100% | 4h | 1.1931 | −0.073% | $35K | $335K | 20x | as long as short |
| GRVT DOT_USDT_Perp | +0.0100% | 8h | 1.1969 | +0.240% | $233K | $422K | 10x | as long as short |
| Orderly PERP_DOT_USDC | +0.0100% | 8h | 1.1920 | −0.168% | $8K | $23K | 10x | as long as short |
| SunX DOT-USDT | +0.0100% | 8h | 1.1933 | −0.059% | $2K | $1.3M | 20x | as long as short |
| HTX DOT-USDT | +0.0100% | 8h | 1.1980 | +0.335% | $249K | $226K | 75x | as long as short |
| Extended DOT-USD | +0.0104% | 1h | 1.1921 | −0.156% | $14K | $301K | 25x | as long as short |
| Kraken Futures PF_DOTUSD | +0.0197% | 1h | 1.1931 | −0.079% | $4.5M | $1.4M | 50x | as long as short |
| BloFin DOT-USDT | +0.0220% | 8h | 1.1962 | +0.184% | $2.2M | $796K | 75x | as long as short |
| GMX DOT/USD [WBTC.b-USDC] | L +0.0302% / S −0.1012% | 1h | 1.1915 | −0.211% | $22K | — | 100x | as long as short |
| Phemex DOTUSDTlong | +0.0576% | 8h | 1.1940 | long leg | $2.3M | $2.1M | 50x |
Aster DOTUSDT
Binance DOTUSDT
Bybit DOTUSDT
Gate DOT_USDT
MEXC DOT_USDT
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]