Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.027%
Price spread now: MEXC against Backpack+0.182%7-day average +0.007% · you sell dearer than you buy
Net, funding: paid 7d − costs−$20as in the Funding arb table
Net, price: spread back to 7d avg − costs+$3as in the Price arb table
costs, in and out, $10k−$140.142% of the position
Funding, last 7 days−0.063%−$6 on $10k
+Price spread, last 4 days (all we have)−0.108%−$11 · spread now +0.182%, 7d avg +0.007%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: MEXC is 0.175% dearer against Backpack than usual: you sell high and buy low, +$17 on $10k if it goes back to its 7-day average of +0.007%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack DOGE_USDC_PERP | 0.09901 | 0.0100 | pay 0.0013% / 1h | 30m 38s | $342K | $1.1M | 15x |
| Short | MEXC DOGE_USDT | 0.09919 | 0.0100 | get 0.0100% / 8h | 6h 30m | $110.2M | $229.3M | 300x |
Backpack DOGE_USDC_PERP
MEXC DOGE_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- $0
- Price spread: +0.182% → +0.007%
- $17.47
- Slippage, 4 orders
- −$4.15
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- $3.32
- Costs to cover
- 0.142%
- Break-even
- from the start
Slippage from Backpack: live order book, 3 min ago; MEXC: live order book, 3 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, 3 min ago | 0.51 bp | 5.8 bp −$6 | 12.2 bp −$122 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 3 min ago | 0.50 bp | 0.5 bp −$1 | 3.1 bp −$31 | 10.9 bp −$1,089 | 40.5 bp −$20.3K |
DOGE on 43 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 | −0.0119% | 8h | 0.09914 | +0.131% | $150.3M | $273.2M | 75x | as long as short |
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.09905 | +0.041% | $389K | $5.0M | 2.8x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S 0.0000% | 1h | 0.09900 | −0.006% | $23K | — | 150x | as long as short |
| dYdX DOGE-USD | +0.0019% | 1h | 0.09914 | +0.135% | $223K | $51K | 10x | as long as short |
| Kraken Futures PF_DOGEUSD | +0.0067% | 1h | 0.09898 | −0.028% | $5.8M | $34.1M | 50x | as long as short |
| Lighter DOGE | +0.0096% | 1h | 0.09913 | +0.124% | $770K | $6.0M | 15x | as long as short |
| Katana Perps DOGE-USD | +0.0099% | 8h | 0.09904 | +0.030% | $827 | $428K | 10x | as long as short |
| Nado DOGE-PERP | +0.0100% | 1h | 0.09900 | −0.010% | $482K | $968K | 10x | as long as short |
| Aster DOGEUSDT | +0.0100% | 8h | 0.09912 | +0.110% | $4.6M | $48.3M | 75x | as long as short |
| Pacifica DOGE | +0.0100% | 1h | 0.09916 | +0.148% | $327K | $504K | 20x | as long as short |
Bitget DOGEUSDT
Kalshi KXDOGEPERP
gTrade (Gains Network) DOGE/USD
dYdX DOGE-USD
Kraken Futures PF_DOGEUSD
Lighter DOGE
Katana Perps DOGE-USD
Nado DOGE-PERP
Aster DOGEUSDT
Pacifica DOGEShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance DOGEUSDT | +0.0100% | 8h | 0.09918 | +0.175% | $314.0M | $1.43B | 75x | as long as short |
| Bybit DOGEUSDT | +0.0100% | 8h | 0.09918 | +0.172% | $157.0M | $442.2M | 75x | as long as short |
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.09920 | +0.192% | $109.0M | $976.0M | 50x | as long as short |
| Arcus DOGE-USD | +0.0100% | 1h | 0.09937 | +0.364% | $128K | $178K | 10x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.09870 | −0.313% | $378K | $5K | 10x | as long as short |
| Gate DOGE_USDT | +0.0100% | 8h | 0.09902 | +0.010% | $240.5M | $131.9M | 75x | as long as short |
| MEXC DOGE_USDTshort | +0.0100% | 8h | 0.09919 | +0.182% | $110.2M | $229.3M | 300x | |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.09918 | +0.172% | $65.6M | $43.0M | 75x | as long as short |
| BingX DOGE-USDT | +0.0100% | 8h | 0.09922 | +0.212% | — | $76.5M | — | as long as short |
| Backpack DOGE_USDC_PERPlong | +0.0100% | 1h | 0.09901 | long leg | $342K | $1.1M | 15x | |
| Variational Omni DOGE | +0.0100% | 8h | 0.09898 | −0.031% | $985K | $8.2M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.09884 | −0.175% | $271K | $128.3M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.09885 | −0.162% | $621K | $4.5M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.09880 | −0.212% | $144K | $276K | 25x | as long as short |
| Polymarket Perps DOGE-USD | +0.0100% | 1h | 0.09900 | −0.010% | $255K | $642K | 10x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.09904 | +0.030% | $70K | $440K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.09902 | +0.008% | $24K | $1K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.09908 | +0.071% | $35K | $2.2M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.09901 | 0.000% | $2K | $3.7M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.09903 | +0.018% | $5.9M | $54.8M | 75x | as long as short |
| Phemex DOGEUSDT | +0.0100% | 8h | 0.09898 | −0.030% | $91.3M | $17.2M | 50x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.09909 | +0.081% | $523K | $3.9M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.09902 | +0.005% | $19K | — | 3x | as long as short |
| Paradex DOGE-USD-PERP | +0.0112% | 8h | 0.09904 | +0.030% | $18K | $6K | 30x | as long as short |
| Deribit DOGE_USDC-PERPETUAL | +0.0154% | 1h | 0.09904 | +0.032% | $592K | $118K | 25x | as long as short |
| Reya DOGERUSDPERP | +0.0184% | 1h | 0.09905 | +0.039% | $2K | — | 20x | as long as short |
| 01 Exchange DOGEUSD | +0.0192% | 1h | 0.09907 | +0.063% | $528 | $4K | 10x | as long as short |
| Coinbase International DOGE-PERP-INTX | +0.0240% | 1h | 0.09910 | +0.091% | $2.0M | $24.9M | 50x | as long as short |
| Phoenix DOGE | +0.0241% | 1h | 0.09898 | −0.029% | $64K | $284K | 10x | as long as short |
| GMX DOGE/USD [ETH-USDC] | L +0.0245% / S −0.0267% | 1h | 0.09900 | −0.009% | $308K | — | 200x | as long as short |
| RISEx DOGE/USDC | +0.0563% | 1h | 0.09907 | +0.059% | $319K | $327K | 10x | as long as short |
| Hyperliquid DOGE | +0.0706% | 1h | 0.09916 | +0.151% | $120.7M | $97.4M | 10x | as long as short |
| Injective DOGE/USDC PERP | +0.1004% | 1h | 0.09940 | +0.394% | $5K | $239K | 12x | as long as short |
Binance DOGEUSDT
Bybit DOGEUSDT
OKX DOGE-USDT-SWAP
Arcus DOGE-USD
Bulk DOGE-USD
Gate 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
Extended DOGE-USD
Aevo DOGE-PERP
Paradex DOGE-USD-PERP
Deribit DOGE_USDC-PERPETUAL
Reya DOGERUSDPERP
01 Exchange DOGEUSD
Coinbase International DOGE-PERP-INTX
Phoenix DOGE
GMX DOGE/USD [ETH-USDC]
RISEx DOGE/USDC
Hyperliquid DOGE
Injective DOGE/USDC PERP