Funding you earn now, next payment 05:00 UTC−0.0534%/8h= −58.4% APRnext payment −$0.67 per $10,000 · paid last 24h −0.016%
Price spread now: Bulk against Arcus+1.080%7-day average −0.008% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs+$62as in the Price arb table
costs, in and out, $10k−$460.464% of the position
Funding, last 4 days (all we have)−0.016%−$2 on $10k
+Price spread, last 4 days (all we have)−1.138%−$114 · spread now +1.080%, 7d avg −0.008%
=The price spread pays, funding is against you. Bulk is 1.088% dearer against Arcus than usual: you sell high and buy low (spread +1.080% now, against its 7-day average of −0.008%): +$109 on $10k if it goes back. Holding the pair costs −$16 a day in funding at the current rate, which eats that in about 6.8 days. At the pace of the last 4 days (−0.016% in total) that is about 8 months.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.016% in total (about -1.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.67 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Arcus DOGE-USD | 0.1018 | 0.0634 | pay 0.0079% / 1h | 12m 54s | $110K | $207K | 10x |
| Short | Bulk DOGE-USD | 0.1029 | 0.0100 | get 0.0013% / 1h | 12m 54s | $395K | $16K | 10x |
Arcus DOGE-USD
Bulk DOGE-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bulk against Arcus. 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
- −$112.06
- Price spread: +1.080% → −0.008%
- $108.83
- Slippage, 4 orders
- −$34.91
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Fee Bulk: 3.5 bp × 2 orders
- −$7
- Net
- −$49.64
- Costs to cover
- 0.464%
- Break-even
- from the start
Slippage from Arcus: live order book, 36 min ago; Bulk: live order book, 41 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 Arcus live order book, 36 min ago | 11.93 bp | 14.8 bp −$15 | 28.8 bp −$288 | doesn't fit | doesn't fit |
| Sell Bulk live order book, 41 min ago | 4.76 bp | 8.3 bp −$8 | 8.3 bp −$83 | 12.3 bp −$1,226 | 21.0 bp −$10.5K |
DOGE on 44 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 | |
|---|---|---|---|---|---|---|---|---|
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.1017 | −0.123% | $688K | $6.3M | 2.8x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S 0.0000% | 1h | 0.1016 | −0.243% | $24K | — | 150x | as long as short |
| dYdX DOGE-USD | +0.0020% | 1h | 0.1016 | −0.241% | $228K | $70K | 10x | as long as short |
| Bitget DOGEUSDT | +0.0080% | 8h | 0.1016 | −0.265% | $132.0M | $317.5M | 75x | as long as short |
| Lighter DOGE | +0.0096% | 1h | 0.1017 | −0.157% | $751K | $6.5M | 15x | as long as short |
| Nado DOGE-PERP | +0.0100% | 1h | 0.1017 | −0.108% | $557K | $1.1M | 10x | as long as short |
| Aster DOGEUSDT | +0.0100% | 8h | 0.1017 | −0.174% | $4.9M | $54.9M | 75x | as long as short |
| Pacifica DOGE | +0.0100% | 1h | 0.1017 | −0.175% | $324K | $519K | 20x | as long as short |
| Binance DOGEUSDT | +0.0100% | 8h | 0.1016 | −0.216% | $334.1M | $1.62B | 75x | as long as short |
| Bybit DOGEUSDT | +0.0100% | 8h | 0.1016 | −0.236% | $165.9M | $501.4M | 75x | as long as short |
Kalshi KXDOGEPERP
gTrade (Gains Network) DOGE/USD
dYdX DOGE-USD
Bitget DOGEUSDT
Lighter DOGE
Nado DOGE-PERP
Aster DOGEUSDT
Pacifica DOGE
Binance DOGEUSDT
Bybit DOGEUSDTShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.1016 | −0.226% | $115.7M | $1.15B | 50x | as long as short |
| Bulk DOGE-USDshort | +0.0100% | 1h | 0.1029 | +1.080% | $395K | $16K | 10x | |
| Gate DOGE_USDT | +0.0100% | 8h | 0.1016 | −0.236% | $250.3M | $146.9M | 75x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.1016 | −0.236% | $115.4M | $246.8M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.1016 | −0.216% | $66.8M | $48.3M | 75x | as long as short |
| BingX DOGE-USDT | +0.0100% | 8h | 0.1016 | −0.226% | — | $79.4M | — | as long as short |
| Backpack DOGE_USDC_PERP | +0.0100% | 1h | 0.1016 | −0.226% | $338K | $1.2M | 15x | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.1019 | +0.056% | $1.2M | $8.5M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.1019 | +0.082% | $325K | $136.7M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.1019 | +0.036% | $642K | $4.6M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.1022 | +0.344% | $154K | $330K | 25x | as long as short |
| Polymarket Perps DOGE-USD | +0.0100% | 1h | 0.1016 | −0.245% | $264K | $1.0M | 10x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.1016 | −0.285% | $69K | $468K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.1015 | −0.313% | $19K | $1K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.1016 | −0.198% | $35K | $2.3M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.1016 | −0.206% | $2K | $5.1M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.1016 | −0.211% | $6.0M | $65.6M | 75x | as long as short |
| Phemex DOGEUSDT | +0.0100% | 8h | 0.1016 | −0.216% | $93.5M | $17.2M | 50x | as long as short |
| Paradex DOGE-USD-PERP | +0.0100% | 8h | 0.1017 | −0.192% | $18K | $5K | 30x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.1016 | −0.289% | $491K | $4.1M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.1016 | −0.278% | $19K | — | 3x | as long as short |
| Deribit DOGE_USDC-PERPETUAL | +0.0114% | 1h | 0.1016 | −0.240% | $577K | $247K | 25x | as long as short |
| Katana Perps DOGE-USD | +0.0120% | 8h | 0.1017 | −0.098% | $1K | $503K | 10x | as long as short |
| Reya DOGERUSDPERP | +0.0193% | 1h | 0.1017 | −0.165% | $2K | — | 20x | as long as short |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.1017 | −0.177% | $16.4M | $26.9M | 75x | as long as short |
| Phoenix DOGE | +0.0235% | 1h | 0.1017 | −0.119% | $19K | $292K | 10x | as long as short |
| Kraken Futures PF_DOGEUSD | +0.0248% | 1h | 0.1016 | −0.206% | $5.5M | $39.5M | 50x | as long as short |
| 01 Exchange DOGEUSD | +0.0248% | 1h | 0.1017 | −0.160% | $452 | $4K | 10x | as long as short |
| GMX DOGE/USD [ETH-USDC] | L +0.0255% / S −0.0309% | 1h | 0.1016 | −0.242% | $328K | — | 200x | as long as short |
| Coinbase International DOGE-PERP-INTX | +0.0304% | 1h | 0.1017 | −0.098% | $2.2M | $33.4M | 50x | as long as short |
| Hyperliquid DOGE | +0.0441% | 1h | 0.1017 | −0.157% | $126.7M | $111.3M | 10x | as long as short |
| Arcus DOGE-USDlong | +0.0634% | 1h | 0.1018 | long leg | $110K | $207K | 10x | |
| RISEx DOGE/USDC | +0.0728% | 1h | 0.1018 | −0.062% | $411K | $431K | 10x | as long as short |
| Injective DOGE/USDC PERP | +0.1062% | 1h | 0.1053 | +3.387% | $6K | $242K | 12x | as long as short |
OKX DOGE-USDT-SWAP
Gate DOGE_USDT
MEXC DOGE_USDT
KuCoin DOGEUSDTM
BingX DOGE-USDT
Backpack DOGE_USDC_PERP
Variational Omni DOGE
edgeX DOGEUSDC
GRVT DOGE_USDT_Perp
ApeX Omni DOGEUSDT
Polymarket Perps DOGE-USD
Orderly PERP_DOGE_USDC
Derive DOGE-PERP
SunX DOGE-USDT
SoDEX DOGE-USD
HTX DOGE-USDT
Phemex DOGEUSDT
Paradex DOGE-USD-PERP
Extended DOGE-USD
Aevo DOGE-PERP
Deribit DOGE_USDC-PERPETUAL
Katana Perps DOGE-USD
Reya DOGERUSDPERP
BloFin DOGE-USDT
Phoenix DOGE
Kraken Futures PF_DOGEUSD
01 Exchange DOGEUSD
GMX DOGE/USD [ETH-USDC]
Coinbase International DOGE-PERP-INTX
Hyperliquid DOGE
RISEx DOGE/USDC
Injective DOGE/USDC PERP