Funding you earn now, next payment 08:00 UTC−0.0095%/8h= −10.3% APRnext payment −$0.95 per $10,000 · paid last 24h −0.087%
Price spread now: SunX against Phemex+0.009%7-day average −0.052% · you sell dearer than you buy
Net, funding: paid 7d − costs−$225as in the Funding arb table
Net, price: spread back to 7d avg − costs−$153as in the Price arb table
costs, in and out, $10k−$1591.592% of the position
Funding, last 7 days−0.662%−$66 on $10k
+Price spread, last 4 days (all we have)−0.084%−$8 · spread now +0.009%, 7d avg −0.052%
=The price spread pays, funding is against you. SunX is 0.060% dearer against Phemex than usual: you sell high and buy low (spread +0.009% now, against its 7-day average of −0.052%): +$6 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.1 days. At the pace of the last 7 days (−0.662% in total) that is about 15 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex DOTUSDT | 1.1640 | 0.0195 | pay 0.0195% / 8h | 1h 02m | $2.4M | $2.2M | 50x |
| Short | SunX DOT-USDT | 1.1641 | 0.0100 | get 0.0100% / 8h | 1h 02m | $2K | $1.3M | 20x |
Phemex DOTUSDT
SunX DOT-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
SunX 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
- −$19.85
- Price spread: +0.009% → −0.052%
- $6.04
- Slippage, 4 orders
- −$139.19
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- −$172.99
- Costs to cover
- 1.592%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 6 min ago; SunX: live order book, 11 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, 6 min ago | 8.57 bp | 20.8 bp −$21 | 57.7 bp −$577 | 112.9 bp −$11.3K | doesn't fit |
| Sell SunX live order book, 11 min ago | 29.53 bp | 74.3 bp −$74 | doesn't fit | 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 | −0.3945% | 1h | 1.1631 | −0.077% | $246K | $152K | 50x | as long as short |
| Coinbase International DOT-PERP-INTX | −0.0440% | 1h | 1.1630 | −0.086% | $169K | $2.0M | 50x | as long as short |
| Reya DOTRUSDPERP | −0.0166% | 1h | 1.1618 | −0.192% | $251 | — | — | as long as short |
| dYdX DOT-USD | 0.0000% | 1h | 1.1636 | −0.036% | $140K | $6K | 10x | as long as short |
| gTrade (Gains Network) DOT/USD | L 0.0000% / S +0.0004% | 1h | 1.1635 | −0.046% | $3K | — | 150x | as long as short |
| Injective DOT/USDC PERP | +0.0033% | 1h | 1.2020 | +3.265% | $328 | $121K | 12x | as long as short |
| Lighter DOT | +0.0096% | 1h | 1.1623 | −0.143% | $246K | $677K | 10x | as long as short |
| Hyperliquid DOT | +0.0100% | 1h | 1.1620 | −0.172% | $5.6M | $4.6M | 10x | as long as short |
| Aster DOTUSDT | +0.0100% | 8h | 1.1627 | −0.108% | $837K | $607K | 50x | as long as short |
| Binance DOTUSDT | +0.0100% | 8h | 1.1621 | −0.163% | $42.4M | $88.9M | 75x | 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
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 | 1.1617 | −0.198% | $23.6M | $20.2M | 75x | as long as short |
| OKX DOT-USDT-SWAP | +0.0100% | 8h | 1.1618 | −0.189% | $9.0M | $25.2M | 50x | as long as short |
| Gate DOT_USDT | +0.0100% | 8h | 1.1620 | −0.172% | $6.7M | $12.9M | 75x | as long as short |
| MEXC DOT_USDT | +0.0100% | 8h | 1.1621 | −0.163% | $35.1M | $62.0M | 300x | as long as short |
| KuCoin DOTUSDTM | +0.0100% | 8h | 1.1620 | −0.172% | $6.1M | $9.4M | 75x | as long as short |
| Bitget DOTUSDT | +0.0100% | 8h | 1.1620 | −0.172% | $22.2M | $14.8M | 75x | as long as short |
| BingX DOT-USDC | +0.0100% | 8h | 1.1621 | −0.163% | — | $1.3M | — | as long as short |
| Backpack DOT_USDC_PERP | +0.0100% | 1h | 1.1621 | −0.163% | $90K | $130K | 10x | as long as short |
| Variational Omni DOT | +0.0100% | 8h | 1.1650 | +0.090% | $530K | $51K | — | as long as short |
| edgeX DOTUSDC | +0.0100% | 4h | 1.1648 | +0.067% | $34K | $336K | 20x | as long as short |
| GRVT DOT_USDT_Perp | +0.0100% | 8h | 1.1644 | +0.038% | $223K | $433K | 10x | as long as short |
| Orderly PERP_DOT_USDC | +0.0100% | 8h | 1.1630 | −0.086% | $8K | $19K | 10x | as long as short |
| SunX DOT-USDTshort | +0.0100% | 8h | 1.1641 | +0.009% | $2K | $1.3M | 20x | |
| HTX DOT-USDT | +0.0100% | 8h | 1.1643 | +0.026% | $262K | $281K | 75x | as long as short |
| Extended DOT-USD | +0.0104% | 1h | 1.1614 | −0.226% | $13K | $259K | 25x | as long as short |
| Phemex DOTUSDTlong | +0.0195% | 8h | 1.1640 | long leg | $2.4M | $2.2M | 50x | |
| BloFin DOT-USDT | +0.0220% | 8h | 1.1622 | −0.155% | $1.9M | $899K | 75x | as long as short |
| GMX DOT/USD [WBTC.b-USDC] | L +0.0290% / S −0.0937% | 1h | 1.1620 | −0.168% | $20K | — | 100x | as long as short |
| Kraken Futures PF_DOTUSD | +0.0329% | 1h | 1.1629 | −0.096% | $4.3M | $1.5M | 50x | 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
HTX DOT-USDT
Extended DOT-USD
BloFin DOT-USDT
GMX DOT/USD [WBTC.b-USDC]
Kraken Futures PF_DOTUSD