Funding you earn now, next payment 21:00 UTC−0.0286%/8h= −31.3% APRpaid last 24h −0.024%
Price spread now: Gate against Backpack−0.120%7-day average +0.003% · you buy dearer than you sell
Net, funding: paid 7d − costs−$40as in the Funding arb table
Net, price: spread back to 7d avg − costs−$46as in the Price arb table
costs, in and out, $10k−$330.333% of the position
Funding, last 7 days−0.071%−$7 on $10k
+Price spread, last 4 days (all we have)+0.200%+$20 · spread now −0.120%, 7d avg +0.003%
=Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Gate is 0.123% cheaper against Backpack than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of +0.003%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.071% in total (about -3.7% 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 | 0.09976 | 0.0351 | pay 0.0044% / 1h | 14m 02s | $526K | $809K | 15x |
| Short | Gate DOGE_USDT | 0.09964 | 0.0065 | get 0.0065% / 8h | 3h 14m | $235.9M | $119.3M | 75x |
Backpack DOGE_USDC_PERP
Gate DOGE_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$60
- Price spread: −0.120% → +0.003%
- −$12.32
- Slippage, 4 orders
- −$8.25
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$105.57
- Costs to cover
- 0.333%
- Break-even
- never at this rate
Slippage from Backpack: live order book, 15 min ago; Gate: live order book, 5 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, 15 min ago | 0.50 bp | 6.7 bp −$7 | 454.2 bp −$4,542 | doesn't fit | doesn't fit |
| Sell Gate live order book, 5 min ago | 0.50 bp | 10.5 bp −$11 | 16.9 bp −$169 | 33.3 bp −$3,329 | 53.3 bp −$26.6K |
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 | −0.0268% | 8h | 0.09944 | −0.321% | $153.3M | $258.2M | 75x | as long as short |
| Kraken Futures PF_DOGEUSD | −0.0036% | 1h | 0.09980 | +0.045% | $6.9M | $30.0M | 50x | as long as short |
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.09980 | +0.038% | $338K | $4.3M | 2.8x | as long as short |
| Deribit DOGE_USDC-PERPETUAL | 0.0000% | 1h | 0.09980 | +0.038% | $624K | $88K | 25x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S −0.0001% | 1h | 0.09975 | −0.009% | $33K | — | 150x | as long as short |
| dYdX DOGE-USD | +0.0034% | 1h | 0.09975 | −0.013% | $224K | $44K | 10x | as long as short |
| Gate DOGE_USDTshort | +0.0065% | 8h | 0.09964 | −0.120% | $235.9M | $119.3M | 75x | |
| Phoenix DOGE | +0.0081% | 1h | 0.09949 | −0.276% | $16K | $207K | 10x | as long as short |
| Katana Perps DOGE-USD | +0.0094% | 8h | 0.09972 | −0.040% | $1K | $323K | 10x | as long as short |
| Lighter DOGE | +0.0096% | 1h | 0.09974 | −0.021% | $793K | $5.0M | 15x | as long as short |
Bitget DOGEUSDT
Kraken Futures PF_DOGEUSD
Kalshi KXDOGEPERP
Deribit DOGE_USDC-PERPETUAL
gTrade (Gains Network) DOGE/USD
dYdX DOGE-USD
Phoenix DOGE
Katana Perps DOGE-USD
Lighter DOGEShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Nado DOGE-PERP | +0.0100% | 1h | 0.09979 | +0.035% | $711K | $661K | 10x | as long as short |
| Aster DOGEUSDT | +0.0100% | 8h | 0.09976 | −0.005% | $4.9M | $39.9M | 75x | as long as short |
| Pacifica DOGE | +0.0100% | 1h | 0.09976 | 0.000% | $350K | $513K | 20x | as long as short |
| Binance DOGEUSDT | +0.0100% | 8h | 0.09968 | −0.082% | $319.6M | $1.24B | 75x | as long as short |
| Bybit DOGEUSDT | +0.0100% | 8h | 0.09962 | −0.140% | $156.2M | $392.0M | 75x | as long as short |
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.09958 | −0.180% | $108.6M | $887.4M | 50x | as long as short |
| Arcus DOGE-USD | +0.0100% | 1h | 0.09982 | +0.060% | $28K | $76K | 10x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.09952 | −0.241% | $113.6M | $202.9M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.09954 | −0.221% | $66.0M | $38.3M | 75x | as long as short |
| BingX DOGE-USDT | +0.0100% | 8h | 0.09969 | −0.070% | — | $72.7M | — | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.09963 | −0.134% | $949K | $7.5M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.09946 | −0.304% | $257K | $108.6M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.09948 | −0.281% | $629K | $4.7M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.09950 | −0.261% | $142K | $217K | 25x | as long as short |
| Polymarket Perps DOGE-USD | +0.0100% | 1h | 0.09977 | +0.008% | $279K | $554K | 10x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.09980 | +0.040% | $73K | $364K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.09979 | +0.035% | $24K | $1K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.09985 | +0.089% | $35K | $2.2M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.09977 | +0.010% | $2K | $3.2M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.09971 | −0.045% | $6.1M | $45.4M | 75x | as long as short |
| Phemex DOGEUSDT | +0.0100% | 8h | 0.09968 | −0.080% | $92.6M | $18.9M | 50x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.09926 | −0.505% | $380K | $19K | 10x | as long as short |
| Paradex DOGE-USD-PERP | +0.0100% | 8h | 0.09972 | −0.037% | $19K | $3K | 30x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.09952 | −0.239% | $538K | $3.5M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.09979 | +0.031% | $19K | — | 3x | as long as short |
| 01 Exchange DOGEUSD | +0.0168% | 1h | 0.09977 | +0.011% | $527 | $4K | 10x | as long as short |
| Reya DOGERUSDPERP | +0.0172% | 1h | 0.09980 | +0.043% | $2K | — | 20x | as long as short |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.09960 | −0.160% | $15.3M | $23.8M | 75x | as long as short |
| Coinbase International DOGE-PERP-INTX | +0.0224% | 1h | 0.09983 | +0.070% | $2.0M | $21.9M | 50x | as long as short |
| GMX DOGE/USD [ETH-USDC] | L +0.0245% / S −0.0271% | 1h | 0.09974 | −0.021% | $313K | — | 200x | as long as short |
| Backpack DOGE_USDC_PERPlong | +0.0351% | 1h | 0.09976 | long leg | $526K | $809K | 15x | |
| RISEx DOGE/USDC | +0.0530% | 1h | 0.09983 | +0.075% | $314K | $485K | 10x | as long as short |
| Injective DOGE/USDC PERP | +0.0892% | 1h | 0.09980 | +0.040% | $5K | $127K | 12x | as long as short |
| Hyperliquid DOGE | +0.1162% | 1h | 0.09982 | +0.059% | $115.0M | $72.2M | 10x | as long as short |
Nado DOGE-PERP
Aster DOGEUSDT
Pacifica DOGE
Binance DOGEUSDT
Bybit DOGEUSDT
OKX DOGE-USDT-SWAP
Arcus DOGE-USD
MEXC DOGE_USDT
KuCoin DOGEUSDTM
BingX DOGE-USDT
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
Bulk DOGE-USD
Paradex DOGE-USD-PERP
Extended DOGE-USD
Aevo DOGE-PERP
01 Exchange DOGEUSD
Reya DOGERUSDPERP
BloFin DOGE-USDT
Coinbase International DOGE-PERP-INTX
GMX DOGE/USD [ETH-USDC]
RISEx DOGE/USDC
Injective DOGE/USDC PERP
Hyperliquid DOGE