Funding you earn now, next payment 22:00 UTC−0.0005%/8h= −0.6% APRpaid last 24h −0.019%
Price spread now: Katana Perps against Backpack−0.051%7-day average +0.010% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)−0.034%−$3 on $10k
+Price spread, last 4 days (all we have)+0.073%+$7 · spread now −0.051%, 7d avg +0.010%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Katana Perps is 0.060% cheaper against Backpack than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.010%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack DOGE_USDC_PERP | 0.09883 | 0.0100 | pay 0.0013% / 1h | 49m 05s | $525K | $857K | 15x |
| Short | Katana Perps DOGE-USD | 0.09878 | 0.0095 | get 0.0095% / 8h | 2h 49m | $2K | $335K | 10x |
Backpack DOGE_USDC_PERP
Katana Perps DOGE-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Katana Perps 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
- −$1.14
- Price spread: −0.051% → +0.010%
- −$6.03
- Slippage, 4 orders
- no order book: not counted
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Katana Perps: 1.9 bp × 2 orders
- −$3.8
- Net
- −$20.96
- Costs to cover
- 0.138%
- Break-even
- never at this rate
Slippage unknown: Backpack: live order book, 39 min ago; Katana Perps: 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, 39 min ago | 0.50 bp | 6.7 bp −$7 | 454.2 bp −$4,542 | doesn't fit | doesn't fit |
| Sell Katana Perps no order-book sample | — | — | — | — | — |
Katana Perps: 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 | −0.0278% | 8h | 0.09868 | −0.152% | $151.4M | $259.5M | 75x | as long as short |
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.09887 | +0.037% | $337K | $4.2M | 2.8x | as long as short |
| Deribit DOGE_USDC-PERPETUAL | 0.0000% | 1h | 0.09886 | +0.027% | $618K | $88K | 25x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S −0.0001% | 1h | 0.09883 | −0.003% | $31K | — | 150x | as long as short |
| dYdX DOGE-USD | +0.0058% | 1h | 0.09882 | −0.015% | $222K | $44K | 10x | as long as short |
| Gate DOGE_USDT | +0.0061% | 8h | 0.09875 | −0.081% | $234.8M | $118.2M | 75x | as long as short |
| Phoenix DOGE | +0.0080% | 1h | 0.09885 | +0.025% | $15K | $225K | 10x | as long as short |
| Katana Perps DOGE-USDshort | +0.0095% | 8h | 0.09878 | −0.051% | $2K | $335K | 10x | |
| Lighter DOGE | +0.0096% | 1h | 0.09887 | +0.036% | $796K | $5.0M | 15x | as long as short |
| Aster DOGEUSDT | +0.0100% | 8h | 0.09882 | −0.010% | $4.8M | $40.2M | 75x | as long as short |
Bitget DOGEUSDT
Kalshi KXDOGEPERP
Deribit DOGE_USDC-PERPETUAL
gTrade (Gains Network) DOGE/USD
dYdX DOGE-USD
Gate DOGE_USDT
Phoenix DOGE
Lighter DOGE
Aster DOGEUSDTShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica DOGE | +0.0100% | 1h | 0.09883 | 0.000% | $337K | $503K | 20x | as long as short |
| Binance DOGEUSDT | +0.0100% | 8h | 0.09882 | −0.014% | $316.6M | $1.25B | 75x | as long as short |
| Bybit DOGEUSDT | +0.0100% | 8h | 0.09879 | −0.040% | $154.4M | $393.8M | 75x | as long as short |
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.09880 | −0.030% | $107.4M | $882.7M | 50x | as long as short |
| Arcus DOGE-USD | +0.0100% | 1h | 0.09887 | +0.040% | $28K | $75K | 10x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.09895 | +0.121% | $379K | $19K | 10x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.09880 | −0.030% | $121.6M | $205.4M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.09880 | −0.030% | $65.2M | $38.8M | 75x | as long as short |
| BingX DOGE-USDT | +0.0100% | 8h | 0.09880 | −0.030% | — | $73.2M | — | as long as short |
| Backpack DOGE_USDC_PERPlong | +0.0100% | 1h | 0.09883 | long leg | $525K | $857K | 15x | |
| Variational Omni DOGE | +0.0100% | 8h | 0.09879 | −0.045% | $1.1M | $7.6M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.09950 | +0.681% | $264K | $110.1M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.09879 | −0.042% | $621K | $4.7M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.09880 | −0.030% | $141K | $222K | 25x | as long as short |
| Nado DOGE-PERP | +0.0100% | 1h | 0.09881 | −0.020% | $627K | $694K | 10x | as long as short |
| Polymarket Perps DOGE-USD | +0.0100% | 1h | 0.09877 | −0.064% | $274K | $545K | 10x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.09883 | 0.000% | $72K | $363K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.09882 | −0.014% | $24K | $1K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.09890 | +0.075% | $35K | $2.1M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.09883 | 0.000% | $2K | $3.3M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.09879 | −0.039% | $5.9M | $46.2M | 75x | as long as short |
| Phemex DOGEUSDT | +0.0100% | 8h | 0.09882 | −0.010% | $91.7M | $18.9M | 50x | as long as short |
| Paradex DOGE-USD-PERP | +0.0100% | 8h | 0.09878 | −0.053% | $19K | $3K | 30x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.09881 | −0.019% | $540K | $3.5M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.09882 | −0.007% | $19K | — | 3x | as long as short |
| Reya DOGERUSDPERP | +0.0173% | 1h | 0.09884 | +0.007% | $2K | — | 20x | as long as short |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.09889 | +0.061% | $15.3M | $23.6M | 75x | as long as short |
| Coinbase International DOGE-PERP-INTX | +0.0224% | 1h | 0.09888 | +0.051% | $2.0M | $22.1M | 50x | as long as short |
| GMX DOGE/USD [ETH-USDC] | L +0.0243% / S −0.0263% | 1h | 0.09883 | −0.001% | $305K | — | 200x | as long as short |
| Kraken Futures PF_DOGEUSD | +0.0289% | 1h | 0.09885 | +0.021% | $6.8M | $30.2M | 50x | as long as short |
| 01 Exchange DOGEUSD | +0.0392% | 1h | 0.09881 | −0.020% | $522 | $4K | 10x | as long as short |
| RISEx DOGE/USDC | +0.0536% | 1h | 0.09886 | +0.035% | $311K | $469K | 10x | as long as short |
| Hyperliquid DOGE | +0.0549% | 1h | 0.09889 | +0.061% | $110.9M | $77.3M | 10x | as long as short |
| Injective DOGE/USDC PERP | +0.1013% | 1h | 0.09920 | +0.374% | $5K | $153K | 12x | as long as short |
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
edgeX DOGEUSDC
GRVT DOGE_USDT_Perp
ApeX Omni DOGEUSDT
Nado DOGE-PERP
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
BloFin DOGE-USDT
Coinbase International DOGE-PERP-INTX
GMX DOGE/USD [ETH-USDC]
Kraken Futures PF_DOGEUSD
01 Exchange DOGEUSD
RISEx DOGE/USDC
Hyperliquid DOGE
Injective DOGE/USDC PERP