Funding you earn now, next payment 22:00 UTC−0.0048%/8h= −5.3% APRnext payment −$0.06 per $10,000 · paid last 24h −0.019%
Price spread now: Nado against Backpack+0.201%7-day average +0.009% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$9as in the Price arb table
costs, in and out, $10k−$280.282% of the position
Funding, last 3 days (all we have)−0.002%$0 on $10k
+Price spread, last 3 days (all we have)+0.205%+$20 · spread now +0.201%, 7d avg +0.009%
=Together, before fees+0.203%+ Points / potential airdropNado: Active · farm board+$20 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Nado is 0.193% dearer against Backpack than usual: you sell high and buy low (spread +0.201% now, against its 7-day average of +0.009%): +$19 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 13 days. At the pace of the last 3 days (−0.002% in total) that is about 13 months.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack DOGE_USDC_PERP | 0.09929 | 0.0148 | pay 0.0019% / 1h | 52m 59s | $523K | $801K | 15x |
| Short | Nado DOGE-PERP | 0.09949 | 0.0100 | get 0.0012% / 1h | 52m 59s | $710K | $652K | 10x |
Backpack DOGE_USDC_PERP
Nado DOGE-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Nado 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
- −$10.17
- Price spread: +0.201% → +0.009%
- $19.26
- Slippage, 4 orders
- −$11.23
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- −$19.14
- Costs to cover
- 0.282%
- Break-even
- never at this rate
Slippage from Backpack: live order book, 36 min ago; Nado: live order book, 35 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, 36 min ago | 0.50 bp | 6.7 bp −$7 | 454.2 bp −$4,542 | doesn't fit | doesn't fit |
| Sell Nado live order book, 35 min ago | 1.00 bp | 8.9 bp −$9 | 23.7 bp −$237 | doesn't fit | 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 | −0.0276% | 8h | 0.09898 | −0.312% | $152.0M | $259.6M | 75x | as long as short |
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.09957 | +0.279% | $337K | $4.2M | 2.8x | as long as short |
| Deribit DOGE_USDC-PERPETUAL | 0.0000% | 1h | 0.09938 | +0.089% | $621K | $88K | 25x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S −0.0001% | 1h | 0.09941 | +0.118% | $33K | — | 150x | as long as short |
| Gate DOGE_USDT | +0.0064% | 8h | 0.09920 | −0.091% | $236.1M | $118.0M | 75x | as long as short |
| Phoenix DOGE | +0.0080% | 1h | 0.09967 | +0.381% | $17K | $225K | 10x | as long as short |
| Katana Perps DOGE-USD | +0.0094% | 8h | 0.09948 | +0.191% | $851 | $333K | 10x | as long as short |
| Lighter DOGE | +0.0096% | 1h | 0.09930 | +0.011% | $803K | $5.0M | 15x | as long as short |
| dYdX DOGE-USD | +0.0097% | 1h | 0.09942 | +0.131% | $223K | $44K | 10x | as long as short |
| Nado DOGE-PERPshort | +0.0100% | 1h | 0.09949 | +0.201% | $710K | $652K | 10x |
Bitget DOGEUSDT
Kalshi KXDOGEPERP
Deribit DOGE_USDC-PERPETUAL
gTrade (Gains Network) DOGE/USD
Gate DOGE_USDT
Phoenix DOGE
Katana Perps DOGE-USD
Lighter DOGE
dYdX DOGE-USDShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster DOGEUSDT | +0.0100% | 8h | 0.09933 | +0.036% | $4.8M | $40.1M | 75x | as long as short |
| Pacifica DOGE | +0.0100% | 1h | 0.09945 | +0.162% | $341K | $524K | 20x | as long as short |
| Binance DOGEUSDT | +0.0100% | 8h | 0.09897 | −0.323% | $317.4M | $1.25B | 75x | as long as short |
| Bybit DOGEUSDT | +0.0100% | 8h | 0.09894 | −0.353% | $154.9M | $393.0M | 75x | as long as short |
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.09909 | −0.201% | $107.9M | $884.8M | 50x | as long as short |
| Arcus DOGE-USD | +0.0100% | 1h | 0.09963 | +0.342% | $28K | $75K | 10x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.1002 | +0.917% | $384K | $19K | 10x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.09898 | −0.312% | $111.5M | $201.5M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.09912 | −0.171% | $65.3M | $38.6M | 75x | as long as short |
| BingX DOGE-USDC | +0.0100% | 8h | 0.09895 | −0.342% | — | $3.4M | — | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.1000 | +0.720% | $1.1M | $7.6M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.09990 | +0.619% | $265K | $109.7M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.09992 | +0.639% | $631K | $4.7M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.09980 | +0.514% | $142K | $221K | 25x | as long as short |
| Polymarket Perps DOGE-USD | +0.0100% | 1h | 0.09945 | +0.164% | $276K | $546K | 10x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.09936 | +0.071% | $73K | $359K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.09935 | +0.057% | $24K | $1K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.09939 | +0.104% | $35K | $2.1M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.09932 | +0.030% | $2K | $3.3M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.09931 | +0.024% | $6.0M | $46.0M | 75x | as long as short |
| Phemex DOGEUSDT | +0.0100% | 8h | 0.09927 | −0.020% | $92.2M | $18.9M | 50x | as long as short |
| Paradex DOGE-USD-PERP | +0.0100% | 8h | 0.09950 | +0.207% | $19K | $3K | 30x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.09905 | −0.241% | $540K | $3.5M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.09921 | −0.076% | $19K | — | 3x | as long as short |
| Backpack DOGE_USDC_PERPlong | +0.0148% | 1h | 0.09929 | long leg | $523K | $801K | 15x | |
| Reya DOGERUSDPERP | +0.0173% | 1h | 0.09952 | +0.228% | $2K | — | 20x | as long as short |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.09934 | +0.050% | $15.3M | $23.7M | 75x | as long as short |
| Coinbase International DOGE-PERP-INTX | +0.0224% | 1h | 0.09933 | +0.040% | $2.0M | $22.1M | 50x | as long as short |
| GMX DOGE/USD [ETH-USDC] | L +0.0243% / S −0.0212% | 1h | 0.09940 | +0.114% | $336K | — | 200x | as long as short |
| Kraken Futures PF_DOGEUSD | +0.0288% | 1h | 0.09928 | −0.014% | $6.8M | $30.3M | 50x | as long as short |
| 01 Exchange DOGEUSD | +0.0416% | 1h | 0.09990 | +0.619% | $527 | $4K | 10x | as long as short |
| RISEx DOGE/USDC | +0.0536% | 1h | 0.09963 | +0.342% | $314K | $470K | 10x | as long as short |
| Hyperliquid DOGE | +0.0666% | 1h | 0.09936 | +0.073% | $113.8M | $74.8M | 10x | as long as short |
| Injective DOGE/USDC PERP | +0.1013% | 1h | 0.09990 | +0.614% | $5K | $153K | 12x | as long as short |
Aster DOGEUSDT
Pacifica DOGE
Binance DOGEUSDT
Bybit DOGEUSDT
OKX DOGE-USDT-SWAP
Arcus DOGE-USD
Bulk DOGE-USD
MEXC DOGE_USDT
KuCoin DOGEUSDTM
BingX DOGE-USDC
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
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