DOGE

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0112%/8h= +12.3% APRnext payment +$0.14 per $10,000 · paid last 24h +0.034%

Price spread now: GMX against Backpack+0.052%7-day average +0.047% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Backpack Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.134%+$13 on $10k

Price spread, last 3 days (all we have)+0.200%+$20 · spread now +0.052%, 7d avg +0.047%

Together, before fees+0.334%+$33 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.047%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack DOGE_USDC_PERP	0.09983	0.0100	pay 0.0013% / 1h	57m 36s	$526K	$807K	15x
Short	GMX DOGE/USD [ETH-USDC]	0.09988	L +0.0244% / S −0.0212%	get 0.0026% / 1h	57m 36s	$338K	—	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now +0.052%Rate

Funding earned: $23.49
Price spread: +0.052% → +0.047%: $0.55
Slippage, 4 orders: no order book: not counted
Fee Backpack: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: $2.04
Costs to cover: 0.220%
Break-even: 6.4 days

Slippage unknown: Backpack: live order book, 31 min ago; GMX: no order-book sample. Net counts fees only.

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, 31 min ago	0.50 bp	6.7 bp −$7	454.2 bp −$4,542	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0272%	8h	0.09974	−0.090%	$153.7M	$259.2M	75x	as long as short
Kalshi KXDOGEPERP	0.0000%	8h	0.1001	+0.262%	$339K	$4.3M	2.8x	as long as short
Deribit DOGE_USDC-PERPETUAL	0.0000%	1h	0.09986	+0.026%	$624K	$89K	25x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S −0.0001%	1h	0.09988	+0.045%	$33K	—	150x	as long as short
01 Exchange DOGEUSD	+0.0064%	1h	0.09984	+0.011%	$527	$4K	10x	as long as short
Gate DOGE_USDT	+0.0070%	8h	0.09972	−0.110%	$237.2M	$117.5M	75x	as long as short
Phoenix DOGE	+0.0081%	1h	0.1003	+0.422%	$18K	$206K	10x	as long as short
Katana Perps DOGE-USD	+0.0094%	8h	0.09984	+0.010%	$854	$328K	10x	as long as short
Lighter DOGE	+0.0096%	1h	0.09981	−0.020%	$817K	$5.0M	15x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.09979	−0.035%	$712K	$656K	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	0.09980	−0.033%	$4.9M	$40.2M	75x	as long as short
Pacifica DOGE	+0.0100%	1h	0.09979	−0.036%	$342K	$524K	20x	as long as short
Binance DOGEUSDT	+0.0100%	8h	0.09982	−0.010%	$320.3M	$1.25B	75x	as long as short
Bybit DOGEUSDT	+0.0100%	8h	0.09983	0.000%	$156.6M	$394.3M	75x	as long as short
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.09985	+0.020%	$108.6M	$890.4M	50x	as long as short
Arcus DOGE-USD	+0.0100%	1h	0.09985	+0.020%	$28K	$76K	10x	as long as short
Bulk DOGE-USD	+0.0100%	1h	0.1002	+0.371%	$384K	$19K	10x	as long as short
MEXC DOGE_USDT	+0.0100%	8h	0.09973	−0.100%	$113.0M	$200.8M	300x	as long as short
KuCoin DOGEUSDTM	+0.0100%	8h	0.09977	−0.060%	$65.8M	$38.8M	75x	as long as short
BingX DOGE-USDT	+0.0100%	8h	0.09979	−0.040%	—	$73.1M	—	as long as short
Backpack DOGE_USDC_PERPlong	+0.0100%	1h	0.09983	long leg	$526K	$807K	15x
Variational Omni DOGE	+0.0100%	8h	0.1004	+0.547%	$1.1M	$7.6M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.1002	+0.347%	$266K	$109.4M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.1002	+0.332%	$631K	$4.7M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.1001	+0.270%	$143K	$221K	25x	as long as short
Polymarket Perps DOGE-USD	+0.0100%	1h	0.09980	−0.029%	$278K	$551K	10x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.09986	+0.030%	$73K	$359K	50x	as long as short
Derive DOGE-PERP	+0.0100%	1h	0.09985	+0.017%	$24K	$1K	10x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.09988	+0.052%	$35K	$2.2M	30x	as long as short
SoDEX DOGE-USD	+0.0100%	1h	0.09981	−0.020%	$2K	$3.3M	10x	as long as short
HTX DOGE-USDT	+0.0100%	8h	0.09979	−0.040%	$6.0M	$45.9M	75x	as long as short
Phemex DOGEUSDT	+0.0100%	8h	0.09981	−0.020%	$92.7M	$18.8M	50x	as long as short
Paradex DOGE-USD-PERP	+0.0100%	8h	0.09972	−0.114%	$19K	$3K	30x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.09977	−0.056%	$541K	$3.5M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.09985	+0.021%	$19K	—	3x	as long as short
Reya DOGERUSDPERP	+0.0173%	1h	0.09981	−0.019%	$2K	—	20x	as long as short
BloFin DOGE-USDT	+0.0220%	8h	0.1001	+0.270%	$15.3M	$24.0M	75x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0224%	1h	0.09988	+0.050%	$2.0M	$22.2M	50x	as long as short
GMX DOGE/USD [ETH-USDC]short	L +0.0244% / S −0.0212%	1h	0.09988	+0.052%	$338K	—	200x
dYdX DOGE-USD	+0.0248%	1h	0.09971	−0.120%	$224K	$44K	10x	as long as short
Kraken Futures PF_DOGEUSD	+0.0286%	1h	0.09984	+0.008%	$6.9M	$30.3M	50x	as long as short
RISEx DOGE/USDC	+0.0536%	1h	0.09986	+0.032%	$314K	$485K	10x	as long as short
Hyperliquid DOGE	+0.0682%	1h	0.09993	+0.104%	$115.7M	$74.1M	10x	as long as short
Injective DOGE/USDC PERP	+0.1013%	1h	0.1004	+0.571%	$5K	$153K	12x	as long as short