Funding you earn now, next payment 23:00 UTC−0.0338%/8h= −37.0% APRpaid last 24h −0.021%
Price spread now: edgeX against Backpack−0.794%7-day average −0.012% · you buy dearer than you sell
Net, funding: paid 7d − costs−$24as in the Funding arb table
Net, price: spread back to 7d avg − costs−$103as in the Price arb table
costs, in and out, $10k−$240.244% of the position
Funding, last 7 days+0.001%$0 on $10k
+Price spread, last 4 days (all we have)+0.822%+$82 · spread now −0.794%, 7d avg −0.012%
=Together, before fees+0.822%+ Points / potential airdropedgeX: Active · farm board+$82 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and edgeX is 0.782% cheaper against Backpack than usual: you would sell low and buy high (−$78 if the spread goes back to its 7-day average of −0.012%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.001% in total (about 0.0% 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 | 0.1018 | 0.0438 | pay 0.0055% / 1h | 40m 24s | $537K | $940K | 15x |
| Short | edgeX DOGEUSDC | 0.1010 | 0.0100 | get 0.0050% / 4h | 1h 40m | $277K | $113.5M | 20x |
Backpack DOGE_USDC_PERP
edgeX DOGEUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX 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
- −$71.01
- Price spread: −0.794% → −0.012%
- −$78.21
- Slippage, 4 orders
- −$5.37
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- −$173.59
- Costs to cover
- 0.244%
- Break-even
- never at this rate
Slippage from Backpack: live order book, 44 min ago; edgeX: live order book, 4 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, 44 min ago | 0.50 bp | 5.5 bp −$6 | 428.2 bp −$4,282 | doesn't fit | doesn't fit |
| Sell edgeX live order book, 4 min ago | 1.98 bp | 6.5 bp −$6 | 6.8 bp −$68 | 13.8 bp −$1,378 | 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 DOGEUSDT | −0.0271% | 8h | 0.1017 | −0.049% | $155.6M | $263.9M | 75x | as long as short |
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.1018 | +0.067% | $414K | $4.5M | 2.8x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S −0.0001% | 1h | 0.1018 | +0.039% | $33K | — | 150x | as long as short |
| dYdX DOGE-USD | +0.0012% | 1h | 0.1018 | +0.067% | $229K | $44K | 10x | as long as short |
| Deribit DOGE_USDC-PERPETUAL | +0.0015% | 1h | 0.1018 | +0.050% | $617K | $105K | 25x | as long as short |
| Phoenix DOGE | +0.0081% | 1h | 0.1017 | −0.099% | $16K | $222K | 10x | as long as short |
| Gate DOGE_USDT | +0.0088% | 8h | 0.1018 | +0.039% | $244.9M | $122.2M | 75x | as long as short |
| Lighter DOGE | +0.0096% | 1h | 0.1019 | +0.113% | $798K | $5.3M | 15x | as long as short |
| Katana Perps DOGE-USD | +0.0096% | 8h | 0.1018 | +0.049% | $1K | $360K | 10x | as long as short |
| Nado DOGE-PERP | +0.0100% | 1h | 0.1018 | +0.064% | $714K | $778K | 10x | as long as short |
Bitget DOGEUSDT
Kalshi KXDOGEPERP
gTrade (Gains Network) DOGE/USD
dYdX DOGE-USD
Deribit DOGE_USDC-PERPETUAL
Phoenix DOGE
Gate DOGE_USDT
Lighter DOGE
Katana Perps DOGE-USD
Nado DOGE-PERPShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster DOGEUSDT | +0.0100% | 8h | 0.1019 | +0.108% | $5.2M | $42.4M | 75x | as long as short |
| Pacifica DOGE | +0.0100% | 1h | 0.1019 | +0.083% | $341K | $497K | 20x | as long as short |
| Binance DOGEUSDT | +0.0100% | 8h | 0.1018 | +0.069% | $327.8M | $1.30B | 75x | as long as short |
| Bybit DOGEUSDT | +0.0100% | 8h | 0.1018 | +0.039% | $164.8M | $410.0M | 75x | as long as short |
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.1018 | +0.049% | $111.0M | $932.1M | 50x | as long as short |
| Arcus DOGE-USD | +0.0100% | 1h | 0.1019 | +0.147% | $29K | $76K | 10x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.1017 | −0.058% | $390K | $17K | 10x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.1019 | +0.108% | $113.2M | $215.4M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.1019 | +0.098% | $66.6M | $39.8M | 75x | as long as short |
| BingX DOGE-USDT | +0.0100% | 8h | 0.1018 | +0.059% | — | $74.2M | — | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.1017 | −0.066% | $954K | $7.8M | — | as long as short |
| edgeX DOGEUSDCshort | +0.0100% | 4h | 0.1010 | −0.794% | $277K | $113.5M | 20x | |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.1006 | −1.167% | $641K | $4.5M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.1006 | −1.159% | $147K | $240K | 25x | as long as short |
| Polymarket Perps DOGE-USD | +0.0100% | 1h | 0.1018 | +0.059% | $274K | $535K | 10x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.1018 | +0.039% | $74K | $432K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.1018 | +0.026% | $25K | $1K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.1019 | +0.130% | $36K | $2.2M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.1018 | +0.059% | $2K | $3.5M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.1017 | −0.074% | $6.1M | $49.2M | 75x | as long as short |
| Phemex DOGEUSDT | +0.0100% | 8h | 0.1017 | −0.088% | $94.2M | $19.0M | 50x | as long as short |
| Paradex DOGE-USD-PERP | +0.0101% | 8h | 0.1019 | +0.085% | $18K | $5K | 30x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.1018 | +0.015% | $564K | $3.6M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.1017 | −0.069% | $19K | — | 3x | as long as short |
| Reya DOGERUSDPERP | +0.0176% | 1h | 0.1019 | +0.108% | $2K | — | 20x | as long as short |
| 01 Exchange DOGEUSD | +0.0192% | 1h | 0.1019 | +0.132% | $538 | $4K | 10x | as long as short |
| Coinbase International DOGE-PERP-INTX | +0.0216% | 1h | 0.1019 | +0.079% | $2.1M | $23.6M | 50x | as long as short |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.1016 | −0.167% | $15.3M | $24.8M | 75x | as long as short |
| GMX DOGE/USD [ETH-USDC] | L +0.0248% / S −0.0274% | 1h | 0.1018 | +0.031% | $321K | — | 200x | as long as short |
| Kraken Futures PF_DOGEUSD | +0.0358% | 1h | 0.1018 | +0.051% | $6.1M | $32.2M | 50x | as long as short |
| Backpack DOGE_USDC_PERPlong | +0.0438% | 1h | 0.1018 | long leg | $537K | $940K | 15x | |
| Hyperliquid DOGE | +0.0456% | 1h | 0.1020 | +0.197% | $112.5M | $81.9M | 10x | as long as short |
| RISEx DOGE/USDC | +0.0702% | 1h | 0.1019 | +0.147% | $320K | $477K | 10x | as long as short |
| Injective DOGE/USDC PERP | +0.0966% | 1h | 0.1022 | +0.413% | $5K | $207K | 12x | as long as short |
Aster DOGEUSDT
Pacifica DOGE
Binance DOGEUSDT
Bybit DOGEUSDT
OKX DOGE-USDT-SWAP
Arcus DOGE-USD
Bulk DOGE-USD
MEXC DOGE_USDT
KuCoin DOGEUSDTM
BingX DOGE-USDT
Variational Omni DOGE
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
Coinbase International DOGE-PERP-INTX
BloFin DOGE-USDT
GMX DOGE/USD [ETH-USDC]
Kraken Futures PF_DOGEUSD
Hyperliquid DOGE
RISEx DOGE/USDC
Injective DOGE/USDC PERP