DOGE

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0038%/8h= −4.1% APRnext payment −$0.05 per $10,000 · paid last 24h −0.025%

Price spread now: dYdX against Backpack−0.030%7-day average +0.019% · you buy dearer than you sell

Net, funding: paid 7d − costs−$164as in the Funding arb table

Net, price: spread back to 7d avg − costs−$159as in the Price arb table

costs, in and out, $10k−$1541.540% of the position

Long on Backpack Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.097%−$10 on $10k

Price spread, last 4 days (all we have)+0.205%+$20 · spread now −0.030%, 7d avg +0.019%

Together, before fees+0.107%+$11 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and dYdX is 0.049% cheaper against Backpack than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.019%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack DOGE_USDC_PERP	0.09894	0.0102	pay 0.0013% / 1h	49m 58s	$526K	$857K	15x
Short	dYdX DOGE-USD	0.09891	0.0065	get 0.0008% / 1h	49m 58s	$222K	$44K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Backpack. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BackpackbpFee dYdXbpOrdersPrice spread, now −0.030%Rate

Funding earned: −$7.94
Price spread: −0.030% → +0.019%: −$4.91
Slippage, 4 orders: −$134.03
Fee Backpack: 5 bp × 2 orders: −$10
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$166.88
Costs to cover: 1.540%
Break-even: never at this rate

Slippage from Backpack: live order book, 39 min ago; dYdX: live order book, 39 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, 39 min ago	0.50 bp	6.7 bp −$7	454.2 bp −$4,542	doesn't fit	doesn't fit
Sell dYdX live order book, 39 min ago	52.03 bp	75.7 bp −$76	218.6 bp −$2,186	293.8 bp −$29.4K	441.7 bp −$220.8K

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	−0.0278%	8h	0.09884	−0.101%	$151.7M	$259.7M	75x	as long as short
Kalshi KXDOGEPERP	0.0000%	8h	0.09889	−0.055%	$337K	$4.2M	2.8x	as long as short
Deribit DOGE_USDC-PERPETUAL	0.0000%	1h	0.09894	0.000%	$618K	$88K	25x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S −0.0001%	1h	0.09888	−0.062%	$32K	—	150x	as long as short
Gate DOGE_USDT	+0.0062%	8h	0.09885	−0.091%	$235.0M	$118.2M	75x	as long as short
dYdX DOGE-USDshort	+0.0065%	1h	0.09891	−0.030%	$222K	$44K	10x
Phoenix DOGE	+0.0080%	1h	0.09967	+0.736%	$15K	$225K	10x	as long as short
Katana Perps DOGE-USD	+0.0095%	8h	0.09885	−0.091%	$2K	$335K	10x	as long as short
Lighter DOGE	+0.0096%	1h	0.09892	−0.019%	$797K	$5.0M	15x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.09889	−0.051%	$628K	$694K	10x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster DOGEUSDT	+0.0100%	8h	0.09889	−0.055%	$4.8M	$40.2M	75x	as long as short
Pacifica DOGE	+0.0100%	1h	0.09892	−0.024%	$339K	$524K	20x	as long as short
Binance DOGEUSDT	+0.0100%	8h	0.09891	−0.030%	$317.2M	$1.25B	75x	as long as short
Bybit DOGEUSDT	+0.0100%	8h	0.09892	−0.020%	$154.4M	$393.6M	75x	as long as short
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.09896	+0.020%	$107.5M	$884.3M	50x	as long as short
Arcus DOGE-USD	+0.0100%	1h	0.09891	−0.030%	$28K	$75K	10x	as long as short
Bulk DOGE-USD	+0.0100%	1h	0.09895	+0.010%	$379K	$19K	10x	as long as short
MEXC DOGE_USDT	+0.0100%	8h	0.09891	−0.030%	$111.0M	$201.8M	300x	as long as short
KuCoin DOGEUSDTM	+0.0100%	8h	0.09887	−0.071%	$65.2M	$38.7M	75x	as long as short
BingX DOGE-USDT	+0.0100%	8h	0.09891	−0.030%	—	$73.1M	—	as long as short
Variational Omni DOGE	+0.0100%	8h	0.09879	−0.156%	$1.1M	$7.6M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.09950	+0.569%	$264K	$110.1M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.09992	+0.995%	$631K	$4.7M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.09950	+0.566%	$142K	$222K	25x	as long as short
Polymarket Perps DOGE-USD	+0.0100%	1h	0.09893	−0.009%	$275K	$546K	10x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.09889	−0.051%	$72K	$363K	50x	as long as short
Derive DOGE-PERP	+0.0100%	1h	0.09888	−0.062%	$24K	$1K	10x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.09894	+0.003%	$35K	$2.1M	30x	as long as short
SoDEX DOGE-USD	+0.0100%	1h	0.09889	−0.051%	$2K	$3.3M	10x	as long as short
HTX DOGE-USDT	+0.0100%	8h	0.09896	+0.025%	$6.0M	$46.2M	75x	as long as short
Phemex DOGEUSDT	+0.0100%	8h	0.09889	−0.051%	$91.8M	$18.9M	50x	as long as short
Paradex DOGE-USD-PERP	+0.0100%	8h	0.09888	−0.065%	$19K	$3K	30x	as long as short
Backpack DOGE_USDC_PERPlong	+0.0102%	1h	0.09894	long leg	$526K	$857K	15x
Extended DOGE-USD	+0.0104%	1h	0.09889	−0.053%	$542K	$3.5M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.09890	−0.039%	$19K	—	3x	as long as short
Reya DOGERUSDPERP	+0.0173%	1h	0.09891	−0.029%	$2K	—	20x	as long as short
BloFin DOGE-USDT	+0.0220%	8h	0.09882	−0.121%	$15.3M	$23.6M	75x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0224%	1h	0.09893	−0.010%	$2.0M	$22.1M	50x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0243% / S −0.0263%	1h	0.09887	−0.070%	$305K	—	200x	as long as short
Kraken Futures PF_DOGEUSD	+0.0289%	1h	0.09890	−0.038%	$6.8M	$30.3M	50x	as long as short
01 Exchange DOGEUSD	+0.0432%	1h	0.09885	−0.087%	$522	$4K	10x	as long as short
RISEx DOGE/USDC	+0.0536%	1h	0.09892	−0.020%	$311K	$469K	10x	as long as short
Hyperliquid DOGE	+0.0579%	1h	0.09898	+0.042%	$111.4M	$76.9M	10x	as long as short
Injective DOGE/USDC PERP	+0.1013%	1h	0.09930	+0.364%	$5K	$153K	12x	as long as short