Funding you earn now, next payment 03:00 UTC−0.0479%/8h= −52.5% APRpaid last 24h −0.166%
Price spread now: Reya against Phemex−0.195%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs −$14 a day on $10k at the current rate, and Reya is 0.195% cheaper against Phemex than usual: you would sell low and buy high (−$20 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex DOTUSDT | 1.1970 | 0.0313 | pay 0.0313% / 8h | 5h 55m | $2.3M | $2.2M | 50x |
| Short | Reya DOTRUSDPERP | 1.1947 | −0.0166 | pay 0.0021% / 1h | 55m 05s | $259 | — | — |
Phemex DOTUSDT
Reya DOTRUSDPERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Reya 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
- −$100.66
- Price spread: −0.195% → 0.000%
- −$19.53
- Slippage, 4 orders
- no order book: not counted
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Reya: 3 bp × 2 orders
- −$6
- Net
- −$138.19
- Costs to cover
- 0.180%
- Break-even
- never at this rate
Slippage unknown: Phemex: live order book, 3 min ago; Reya: no order-book sample. Net counts fees only.
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 | 8.35 bp | 27.6 bp −$28 | 64.0 bp −$640 | 116.2 bp −$11.6K | doesn't fit |
| Sell Reya no order-book sample | — | — | — | — | — |
Reya: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
DOT on 28 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 | −0.2003% | 1h | 1.1957 | −0.109% | $218K | $116K | 50x | as long as short |
| Coinbase International DOT-PERP-INTX | −0.0376% | 1h | 1.1960 | −0.084% | $197K | $2.0M | 50x | as long as short |
| Reya DOTRUSDPERPshort | −0.0166% | 1h | 1.1947 | −0.195% | $259 | — | — | |
| dYdX DOT-USD | 0.0000% | 1h | 1.1970 | −0.003% | $144K | $6K | 10x | as long as short |
| gTrade (Gains Network) DOT/USD | L 0.0000% / S +0.0004% | 1h | 1.1954 | −0.131% | $3K | — | 150x | as long as short |
| Injective DOT/USDC PERP | +0.0033% | 1h | 1.2020 | +0.418% | $328 | $121K | 12x | as long as short |
| OKX DOT-USDT-SWAP | +0.0069% | 8h | 1.1969 | −0.008% | $9.3M | $24.2M | 50x | as long as short |
| Lighter DOT | +0.0096% | 1h | 1.1973 | +0.027% | $270K | $628K | 10x | as long as short |
| Hyperliquid DOT | +0.0100% | 1h | 1.1973 | +0.025% | $5.4M | $3.5M | 10x | as long as short |
| Aster DOTUSDT | +0.0100% | 8h | 1.1957 | −0.111% | $865K | $705K | 50x | as long as short |
Deribit DOT_USDC-PERPETUAL
Coinbase International DOT-PERP-INTX
dYdX DOT-USD
gTrade (Gains Network) DOT/USD
Injective DOT/USDC PERP
OKX DOT-USDT-SWAP
Lighter DOT
Hyperliquid DOT
Aster DOTUSDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance DOTUSDT | +0.0100% | 8h | 1.1969 | −0.011% | $44.2M | $84.6M | 75x | as long as short |
| Bybit DOTUSDT | +0.0100% | 8h | 1.1970 | 0.000% | $24.6M | $18.8M | 75x | as long as short |
| Gate DOT_USDT | +0.0100% | 8h | 1.1970 | 0.000% | $6.8M | $11.6M | 75x | as long as short |
| MEXC DOT_USDT | +0.0100% | 8h | 1.1972 | +0.017% | $28.0M | $47.5M | 300x | as long as short |
| KuCoin DOTUSDTM | +0.0100% | 8h | 1.1960 | −0.084% | $6.5M | $9.2M | 75x | as long as short |
| Bitget DOTUSDT | +0.0100% | 8h | 1.1967 | −0.025% | $22.8M | $14.7M | 75x | as long as short |
| BingX DOT-USDC | +0.0100% | 8h | 1.1973 | +0.025% | — | $1.3M | — | as long as short |
| Backpack DOT_USDC_PERP | +0.0100% | 1h | 1.1966 | −0.033% | $93K | $125K | 10x | as long as short |
| Variational Omni DOT | +0.0100% | 8h | 1.2016 | +0.380% | $544K | $58K | — | as long as short |
| edgeX DOTUSDC | +0.0100% | 4h | 1.1939 | −0.260% | $35K | $333K | 20x | as long as short |
| GRVT DOT_USDT_Perp | +0.0100% | 8h | 1.1930 | −0.334% | $232K | $431K | 10x | as long as short |
| Orderly PERP_DOT_USDC | +0.0100% | 8h | 1.1950 | −0.167% | $8K | $23K | 10x | as long as short |
| SunX DOT-USDT | +0.0100% | 8h | 1.1970 | 0.000% | $2K | $1.3M | 20x | as long as short |
| HTX DOT-USDT | +0.0100% | 8h | 1.1994 | +0.201% | $258K | $241K | 75x | as long as short |
| Extended DOT-USD | +0.0104% | 1h | 1.1946 | −0.203% | $17K | $303K | 25x | as long as short |
| GMX DOT/USD [WBTC.b-USDC] | L +0.0303% / S −0.1012% | 1h | 1.1952 | −0.152% | $22K | — | 100x | as long as short |
| Phemex DOTUSDTlong | +0.0313% | 8h | 1.1970 | long leg | $2.3M | $2.2M | 50x | |
| Kraken Futures PF_DOTUSD | +0.0409% | 1h | 1.1967 | −0.028% | $4.5M | $1.5M | 50x | as long as short |
Binance DOTUSDT
Bybit DOTUSDT
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
GMX DOT/USD [WBTC.b-USDC]
Kraken Futures PF_DOTUSD