Funding you earn now, next payment 02:00 UTC−0.0245%/8h= −26.8% APRpaid last 24h −0.058%
Price spread now: Bitget against Backpack−0.120%49s7-day average −0.028% · you buy dearer than you sell
Net, funding: paid 7d − costs−$44as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$330.327% of the position
Funding, last 7 days−0.110%−$11 on $10k
+Price spread, last 4 days (all we have)+0.157%+$16 · spread now −0.120%, 7d avg −0.028%
=Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Bitget is 0.093% cheaper against Backpack than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of −0.028%). Swap the legs. The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.110% in total (about -5.7% 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 | Backpack DOGE_USDC_PERP | 0.09961 | 0.0100 | pay 0.0013% / 1h | 51m 11s | $354K | $1.1M | 15x |
| Short | Bitget DOGEUSDT | 0.09949 | −0.0145 | pay 0.0145% / 8h | 6h 51m | $150.7M | $272.7M | 75x |
Backpack DOGE_USDC_PERP
Bitget DOGEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Backpack. 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
- −$51.45
- Price spread: −0.120% → −0.028%
- −$9.29
- Slippage, 4 orders
- −$10.69
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$93.42
- Costs to cover
- 0.327%
- Break-even
- never at this rate
Slippage from Backpack: live order book, 3 min ago; Bitget: 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 Backpack live order book, 3 min ago | 0.50 bp | 7.8 bp −$8 | 33.2 bp −$332 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 3 min ago | 0.50 bp | 8.3 bp −$8 | 12.4 bp −$124 | 23.3 bp −$2,329 | doesn't fit |
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 DOGEUSDTshort | −0.0145% | 8h | 0.09949 | −0.120% | $150.7M | $272.7M | 75x | |
| dYdX DOGE-USD | 0.0000% | 1h | 0.09947 | −0.140% | $223K | $59K | 10x | as long as short |
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.09963 | +0.020% | $410K | $4.9M | 2.8x | as long as short |
| Deribit DOGE_USDC-PERPETUAL | 0.0000% | 1h | 0.09960 | −0.007% | $595K | $119K | 25x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S 0.0000% | 1h | 0.09953 | −0.082% | $23K | — | 150x | as long as short |
| Kraken Futures PF_DOGEUSD | +0.0067% | 1h | 0.09955 | −0.056% | $5.8M | $34.0M | 50x | as long as short |
| Lighter DOGE | +0.0096% | 1h | 0.09973 | +0.123% | $763K | $5.9M | 15x | as long as short |
| Katana Perps DOGE-USD | +0.0098% | 8h | 0.09946 | −0.151% | $831 | $427K | 10x | as long as short |
| Nado DOGE-PERP | +0.0100% | 1h | 0.09949 | −0.120% | $489K | $978K | 10x | as long as short |
| Aster DOGEUSDT | +0.0100% | 8h | 0.09954 | −0.071% | $4.7M | $47.8M | 75x | as long as short |
dYdX DOGE-USD
Kalshi KXDOGEPERP
Deribit DOGE_USDC-PERPETUAL
gTrade (Gains Network) DOGE/USD
Kraken Futures PF_DOGEUSD
Lighter DOGE
Katana Perps DOGE-USD
Nado DOGE-PERP
Aster DOGEUSDTShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica DOGE | +0.0100% | 1h | 0.09949 | −0.118% | $329K | $517K | 20x | as long as short |
| Binance DOGEUSDT | +0.0100% | 8h | 0.09968 | +0.070% | $316.9M | $1.42B | 75x | as long as short |
| Bybit DOGEUSDT | +0.0100% | 8h | 0.09970 | +0.090% | $158.1M | $441.8M | 75x | as long as short |
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.09973 | +0.120% | $109.1M | $972.3M | 50x | as long as short |
| Arcus DOGE-USD | +0.0100% | 1h | 0.09971 | +0.100% | $128K | $181K | 10x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.09960 | −0.010% | $382K | $5K | 10x | as long as short |
| Gate DOGE_USDT | +0.0100% | 8h | 0.09952 | −0.090% | $240.6M | $129.4M | 75x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.09950 | −0.110% | $111.4M | $225.4M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.09953 | −0.080% | $65.5M | $42.6M | 75x | as long as short |
| BingX DOGE-USDC | +0.0100% | 8h | 0.09951 | −0.100% | — | $3.4M | — | as long as short |
| Backpack DOGE_USDC_PERPlong | +0.0100% | 1h | 0.09961 | long leg | $354K | $1.1M | 15x | |
| Variational Omni DOGE | +0.0100% | 8h | 0.09952 | −0.091% | $953K | $8.2M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.09925 | −0.362% | $267K | $126.4M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.09945 | −0.160% | $634K | $4.5M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.09940 | −0.211% | $145K | $272K | 25x | as long as short |
| Polymarket Perps DOGE-USD | +0.0100% | 1h | 0.09945 | −0.163% | $257K | $639K | 10x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.09961 | 0.000% | $70K | $438K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.09959 | −0.024% | $24K | $1K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.09954 | −0.069% | $35K | $2.2M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.09959 | −0.020% | $2K | $3.7M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.09962 | +0.010% | $6.0M | $54.1M | 75x | as long as short |
| Phemex DOGEUSDT | +0.0100% | 8h | 0.09966 | +0.050% | $91.9M | $17.9M | 50x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.09957 | −0.039% | $526K | $3.9M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.09957 | −0.045% | $19K | — | 3x | as long as short |
| Paradex DOGE-USD-PERP | +0.0119% | 8h | 0.09938 | −0.234% | $18K | $7K | 30x | as long as short |
| Reya DOGERUSDPERP | +0.0183% | 1h | 0.09945 | −0.162% | $2K | — | 20x | as long as short |
| 01 Exchange DOGEUSD | +0.0192% | 1h | 0.09963 | +0.023% | $531 | $4K | 10x | as long as short |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.09962 | +0.010% | $15.4M | $25.6M | 75x | as long as short |
| Coinbase International DOGE-PERP-INTX | +0.0240% | 1h | 0.09962 | +0.010% | $2.0M | $24.9M | 50x | as long as short |
| Phoenix DOGE | +0.0241% | 1h | 0.09929 | −0.321% | $64K | $284K | 10x | as long as short |
| GMX DOGE/USD [ETH-USDC] | L +0.0246% / S −0.0268% | 1h | 0.09952 | −0.091% | $311K | — | 200x | as long as short |
| RISEx DOGE/USDC | +0.0563% | 1h | 0.09965 | +0.045% | $320K | $406K | 10x | as long as short |
| Hyperliquid DOGE | +0.0682% | 1h | 0.09961 | −0.004% | $120.9M | $96.8M | 10x | as long as short |
| Injective DOGE/USDC PERP | +0.1004% | 1h | 0.09980 | +0.191% | $5K | $239K | 12x | as long as short |
Pacifica DOGE
Binance DOGEUSDT
Bybit DOGEUSDT
OKX DOGE-USDT-SWAP
Arcus DOGE-USD
Bulk DOGE-USD
Gate DOGE_USDT
MEXC DOGE_USDT
KuCoin DOGEUSDTM
BingX DOGE-USDC
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
Extended DOGE-USD
Aevo DOGE-PERP
Paradex DOGE-USD-PERP
Reya DOGERUSDPERP
01 Exchange DOGEUSD
BloFin DOGE-USDT
Coinbase International DOGE-PERP-INTX
Phoenix DOGE
GMX DOGE/USD [ETH-USDC]
RISEx DOGE/USDC
Hyperliquid DOGE
Injective DOGE/USDC PERP