Funding you earn now, next payment 00:00 UTC−0.0205%/8h= −22.4% APRpaid last 24h −0.025%
Price spread now: HTX against Backpack−0.045%7-day average +0.036% · you buy dearer than you sell
Net, funding: paid 7d − costs−$29as in the Funding arb table
Net, price: spread back to 7d avg − costs−$37as in the Price arb table
costs, in and out, $10k−$290.289% of the position
Funding, last 7 days−0.003%$0 on $10k
+Price spread, last 3 days (all we have)+0.107%+$11 · spread now −0.045%, 7d avg +0.036%
=Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and HTX is 0.081% cheaper against Backpack than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of +0.036%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.003% in total (about -0.2% 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 | 0.09917 | 0.0305 | pay 0.0038% / 1h | 4m 27s | $383K | $1.1M | 15x |
| Short | HTX DOGE-USDT | 0.09913 | 0.0100 | get 0.0100% / 8h | 4m 27s | $5.9M | $52.1M | 75x |
Backpack DOGE_USDC_PERP
HTX DOGE-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
HTX 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
- −$43.04
- Price spread: −0.045% → +0.036%
- −$8.11
- Slippage, 4 orders
- −$6.92
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee HTX: 6 bp × 2 orders
- −$12
- Net
- −$80.06
- Costs to cover
- 0.289%
- Break-even
- never at this rate
Slippage from Backpack: live order book, 5 min ago; HTX: 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, 5 min ago | 0.50 bp | 7.5 bp −$8 | 19.6 bp −$196 | doesn't fit | doesn't fit |
| Sell HTX live order book, 5 min ago | 1.66 bp | 7.9 bp −$8 | 10.9 bp −$109 | 36.7 bp −$3,666 | 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 | −0.0213% | 8h | 0.09934 | +0.171% | $151.8M | $270.4M | 75x | as long as short |
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.09910 | −0.067% | $394K | $4.8M | 2.8x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S 0.0000% | 1h | 0.09936 | +0.193% | $24K | — | 150x | as long as short |
| Deribit DOGE_USDC-PERPETUAL | +0.0063% | 1h | 0.09915 | −0.023% | $596K | $121K | 25x | as long as short |
| dYdX DOGE-USD | +0.0068% | 1h | 0.09931 | +0.141% | $223K | $44K | 10x | as long as short |
| Gate DOGE_USDT | +0.0070% | 8h | 0.09935 | +0.182% | $242.0M | $129.2M | 75x | as long as short |
| Lighter DOGE | +0.0096% | 1h | 0.09934 | +0.170% | $784K | $5.6M | 15x | as long as short |
| Katana Perps DOGE-USD | +0.0098% | 8h | 0.09928 | +0.111% | $959 | $393K | 10x | as long as short |
| Nado DOGE-PERP | +0.0100% | 1h | 0.09933 | +0.166% | $510K | $977K | 10x | as long as short |
| Aster DOGEUSDT | +0.0100% | 8h | 0.09936 | +0.187% | $4.8M | $46.0M | 75x | as long as short |
Bitget DOGEUSDT
Kalshi KXDOGEPERP
gTrade (Gains Network) DOGE/USD
Deribit DOGE_USDC-PERPETUAL
dYdX DOGE-USD
Gate DOGE_USDT
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 | 0.09933 | +0.158% | $331K | $511K | 20x | as long as short |
| Binance DOGEUSDT | +0.0100% | 8h | 0.09935 | +0.181% | $315.8M | $1.38B | 75x | as long as short |
| Bybit DOGEUSDT | +0.0100% | 8h | 0.09940 | +0.232% | $156.7M | $434.8M | 75x | as long as short |
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.09943 | +0.262% | $109.5M | $952.1M | 50x | as long as short |
| Arcus DOGE-USD | +0.0100% | 1h | 0.09939 | +0.222% | $28K | $82K | 10x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.09934 | +0.171% | $111.5M | $223.2M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.09935 | +0.182% | $65.6M | $42.1M | 75x | as long as short |
| BingX DOGE-USDT | +0.0100% | 8h | 0.09938 | +0.212% | — | $75.9M | — | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.09893 | −0.240% | $994K | $8.1M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.09911 | −0.063% | $256K | $120.7M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.09921 | +0.040% | $634K | $4.6M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.09900 | −0.171% | $145K | $252K | 25x | as long as short |
| Polymarket Perps DOGE-USD | +0.0100% | 1h | 0.09929 | +0.117% | $255K | $556K | 10x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.09940 | +0.232% | $72K | $446K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.09938 | +0.210% | $24K | $1K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.09914 | −0.025% | $35K | $2.2M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.09913 | −0.040% | $2K | $3.6M | 10x | as long as short |
| HTX DOGE-USDTshort | +0.0100% | 8h | 0.09913 | −0.045% | $5.9M | $52.1M | 75x | |
| Phemex DOGEUSDT | +0.0100% | 8h | 0.09913 | −0.040% | $91.6M | $19.2M | 50x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.09909 | −0.081% | $380K | $12K | 10x | as long as short |
| Paradex DOGE-USD-PERP | +0.0100% | 8h | 0.09931 | +0.143% | $18K | $5K | 30x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.09931 | +0.142% | $518K | $3.7M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.09941 | +0.246% | $19K | — | 3x | as long as short |
| Kraken Futures PF_DOGEUSD | +0.0106% | 1h | 0.09912 | −0.055% | $5.9M | $33.6M | 50x | as long as short |
| Reya DOGERUSDPERP | +0.0180% | 1h | 0.09932 | +0.151% | $2K | — | 20x | as long as short |
| 01 Exchange DOGEUSD | +0.0216% | 1h | 0.09936 | +0.197% | $525 | $4K | 10x | as long as short |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.09911 | −0.061% | $15.2M | $25.2M | 75x | as long as short |
| Phoenix DOGE | +0.0239% | 1h | 0.09916 | −0.008% | $66K | $281K | 10x | as long as short |
| Coinbase International DOGE-PERP-INTX | +0.0240% | 1h | 0.09921 | +0.040% | $2.0M | $24.1M | 50x | as long as short |
| GMX DOGE/USD [ETH-USDC] | L +0.0243% / S −0.0262% | 1h | 0.09909 | −0.077% | $305K | — | 200x | as long as short |
| Backpack DOGE_USDC_PERPlong | +0.0305% | 1h | 0.09917 | long leg | $383K | $1.1M | 15x | |
| RISEx DOGE/USDC | +0.0708% | 1h | 0.09940 | +0.235% | $314K | $477K | 10x | as long as short |
| Hyperliquid DOGE | +0.0817% | 1h | 0.09947 | +0.299% | $116.2M | $90.3M | 10x | as long as short |
| Injective DOGE/USDC PERP | +0.1039% | 1h | 0.09940 | +0.232% | $5K | $239K | 12x | as long as short |
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
Phemex DOGEUSDT
Bulk DOGE-USD
Paradex DOGE-USD-PERP
Extended DOGE-USD
Aevo DOGE-PERP
Kraken Futures PF_DOGEUSD
Reya DOGERUSDPERP
01 Exchange DOGEUSD
BloFin DOGE-USDT
Phoenix DOGE
Coinbase International DOGE-PERP-INTX
GMX DOGE/USD [ETH-USDC]
RISEx DOGE/USDC
Hyperliquid DOGE
Injective DOGE/USDC PERP