Funding you earn now, next payment 05:00 UTC−0.0534%/8h= −58.4% APRpaid last 24h −0.009%
Price spread now: MEXC against Arcus−0.097%7-day average −0.013% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$22as in the Price arb table
costs, in and out, $10k−$140.136% of the position
Funding, last 4 days (all we have)−0.011%−$1 on $10k
+Price spread, last 4 days (all we have)+0.126%+$13 · spread now −0.097%, 7d avg −0.013%
=Both sides work against this trade now: funding costs −$16 a day on $10k at the current rate, and MEXC is 0.084% cheaper against Arcus than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.013%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.011% in total (about -1.1% a year). A funding rate is set anew for every payment. 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 | 0.1029 | 0.0634 | pay 0.0079% / 1h | 57m 16s | $112K | $199K | 10x |
| Short | MEXC DOGE_USDT | 0.1028 | 0.0100 | get 0.0100% / 8h | 3h 57m | $115.5M | $236.8M | 300x |
Arcus DOGE-USD
MEXC DOGE_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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: −0.097% → −0.013%
- −$8.43
- Slippage, 4 orders
- −$9.06
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$134.05
- Costs to cover
- 0.136%
- Break-even
- never at this rate
Slippage from Arcus: live order book, 57 min ago; MEXC: live order book, 2 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, 57 min ago | 2.02 bp | 4.5 bp −$4 | 13.7 bp −$137 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 2 min ago | 0.49 bp | 0.5 bp $0 | 0.9 bp −$9 | 9.5 bp −$955 | 44.2 bp −$22.1K |
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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget DOGEUSDT | −0.0019% | 8h | 0.1028 | −0.165% | $154.5M | $281.5M | 75x | as long as short |
| dYdX DOGE-USD | 0.0000% | 1h | 0.1027 | −0.261% | $230K | $48K | 10x | as long as short |
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.1021 | −0.800% | $517K | $5.6M | 2.8x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S 0.0000% | 1h | 0.1028 | −0.131% | $24K | — | 150x | as long as short |
| Lighter DOGE | +0.0096% | 1h | 0.1027 | −0.237% | $758K | $6.2M | 15x | as long as short |
| Katana Perps DOGE-USD | +0.0100% | 8h | 0.1027 | −0.185% | $1K | $475K | 10x | as long as short |
| Nado DOGE-PERP | +0.0100% | 1h | 0.1028 | −0.107% | $544K | $1.0M | 10x | as long as short |
| Aster DOGEUSDT | +0.0100% | 8h | 0.1029 | −0.039% | $4.8M | $51.2M | 75x | as long as short |
| Pacifica DOGE | +0.0100% | 1h | 0.1027 | −0.232% | $338K | $491K | 20x | as long as short |
| Binance DOGEUSDT | +0.0100% | 8h | 0.1029 | −0.068% | $339.6M | $1.51B | 75x | as long as short |
Bitget DOGEUSDT
dYdX DOGE-USD
Kalshi KXDOGEPERP
gTrade (Gains Network) DOGE/USD
Lighter DOGE
Katana Perps DOGE-USD
Nado DOGE-PERP
Aster DOGEUSDT
Pacifica DOGE
Binance DOGEUSDTShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit DOGEUSDT | +0.0100% | 8h | 0.1028 | −0.087% | $171.0M | $459.8M | 75x | as long as short |
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.1028 | −0.097% | $118.0M | $1.07B | 50x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.1005 | −2.381% | $386K | $859 | 10x | as long as short |
| Gate DOGE_USDT | +0.0100% | 8h | 0.1028 | −0.165% | $254.4M | $135.7M | 75x | as long as short |
| MEXC DOGE_USDTshort | +0.0100% | 8h | 0.1028 | −0.097% | $115.5M | $236.8M | 300x | |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.1028 | −0.107% | $68.5M | $44.8M | 75x | as long as short |
| BingX DOGE-USDC | +0.0100% | 8h | 0.1028 | −0.155% | — | $3.5M | — | as long as short |
| Backpack DOGE_USDC_PERP | +0.0100% | 1h | 0.1026 | −0.311% | $323K | $1.2M | 15x | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.1019 | −1.033% | $1.1M | $8.2M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.1020 | −0.864% | $313K | $132.6M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.1019 | −0.966% | $646K | $4.5M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.1021 | −0.806% | $149K | $293K | 25x | as long as short |
| Polymarket Perps DOGE-USD | +0.0100% | 1h | 0.1027 | −0.175% | $265K | $881K | 10x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.1028 | −0.078% | $72K | $440K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.1028 | −0.137% | $25K | $1K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.1029 | +0.007% | $37K | $2.2M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.1029 | −0.019% | $2K | $4.2M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.1026 | −0.344% | $6.2M | $60.3M | 75x | as long as short |
| Phemex DOGEUSDT | +0.0100% | 8h | 0.1024 | −0.505% | $94.2M | $17.0M | 50x | as long as short |
| Paradex DOGE-USD-PERP | +0.0101% | 8h | 0.1028 | −0.137% | $18K | $7K | 30x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.1028 | −0.135% | $501K | $4.1M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.1028 | −0.094% | $20K | — | 3x | as long as short |
| Reya DOGERUSDPERP | +0.0191% | 1h | 0.1028 | −0.158% | $2K | — | 20x | as long as short |
| 01 Exchange DOGEUSD | +0.0208% | 1h | 0.1028 | −0.101% | $548 | $4K | 10x | as long as short |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.1021 | −0.787% | $16.1M | $26.1M | 75x | as long as short |
| Phoenix DOGE | +0.0242% | 1h | 0.1022 | −0.688% | $66K | $292K | 10x | as long as short |
| Kraken Futures PF_DOGEUSD | +0.0244% | 1h | 0.1029 | +0.007% | $5.8M | $36.1M | 50x | as long as short |
| Deribit DOGE_USDC-PERPETUAL | +0.0246% | 1h | 0.1028 | −0.097% | $615K | $119K | 25x | as long as short |
| GMX DOGE/USD [ETH-USDC] | L +0.0258% / S −0.0292% | 1h | 0.1028 | −0.131% | $338K | — | 200x | as long as short |
| Coinbase International DOGE-PERP-INTX | +0.0304% | 1h | 0.1029 | −0.010% | $2.1M | $29.3M | 50x | as long as short |
| Hyperliquid DOGE | +0.0453% | 1h | 0.1029 | −0.039% | $126.0M | $103.4M | 10x | as long as short |
| Arcus DOGE-USDlong | +0.0634% | 1h | 0.1029 | long leg | $112K | $199K | 10x | |
| RISEx DOGE/USDC | +0.0728% | 1h | 0.1029 | −0.056% | $417K | $421K | 10x | as long as short |
| Injective DOGE/USDC PERP | +0.1062% | 1h | 0.1030 | +0.068% | $6K | $239K | 12x | as long as short |
Bybit DOGEUSDT
OKX DOGE-USDT-SWAP
Bulk DOGE-USD
Gate DOGE_USDT
KuCoin DOGEUSDTM
BingX DOGE-USDC
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
Reya DOGERUSDPERP
01 Exchange DOGEUSD
BloFin DOGE-USDT
Phoenix DOGE
Kraken Futures PF_DOGEUSD
Deribit DOGE_USDC-PERPETUAL
GMX DOGE/USD [ETH-USDC]
Coinbase International DOGE-PERP-INTX
Hyperliquid DOGE
RISEx DOGE/USDC
Injective DOGE/USDC PERP