Funding you earn now, next payment 04:00 UTC+0.0092%/8h= +10.1% APRpaid last 24h −0.024%
Price spread now: Deribit against Binance−0.103%7-day average +0.010% · you buy dearer than you sell
Net, funding: paid 7d − costs−$44as in the Funding arb table
Net, price: spread back to 7d avg − costs−$40as in the Price arb table
costs, in and out, $10k−$290.289% of the position
Funding, last 7 days−0.148%−$15 on $10k
+Price spread, last 4 days (all we have)+0.104%+$10 · spread now −0.103%, 7d avg +0.010%
=Funding pays, the price is against you. Deribit is 0.113% cheaper against Binance than usual: you would sell low and buy high (spread −0.103% now, against its 7-day average of +0.010%). If the spread goes back, that is −$11 on $10k: about 4.1 days of funding at the current rate (+$3 a day). Mind the row above: over the last 7 days funding on this pair cost −0.148%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance DOGEUSDT | 0.1020 | 0.0100 | pay 0.0100% / 8h | 4h 00m | $336.9M | $1.50B | 75x |
| Short | Deribit DOGE_USDC-PERPETUAL | 0.1019 | 0.0192 | get 0.0024% / 1h | 0m 49s | $609K | $119K | 25x |
Binance DOGEUSDT
Deribit DOGE_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against Binance. 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
- $19.32
- Price spread: −0.103% → +0.010%
- −$11.29
- Slippage, 4 orders
- −$11.9
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$20.87
- Costs to cover
- 0.289%
- Break-even
- 14.6 days
Slippage from Binance: live order book, 13 min ago; Deribit: live order book, 58 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 Binance live order book, 13 min ago | 0.50 bp | 6.3 bp −$6 | 10.1 bp −$101 | 19.1 bp −$1,906 | 38.2 bp −$19.1K |
| Sell Deribit live order book, 58 min ago | 3.53 bp | 7.0 bp −$7 | 13.1 bp −$131 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_DOGEUSD | −0.0031% | 1h | 0.1021 | +0.034% | $5.8M | $36.0M | 50x | as long as short |
| Bitget DOGEUSDT | −0.0023% | 8h | 0.1019 | −0.115% | $153.4M | $279.4M | 75x | as long as short |
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.1017 | −0.280% | $480K | $5.5M | 2.8x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S 0.0000% | 1h | 0.1019 | −0.088% | $27K | — | 150x | as long as short |
| dYdX DOGE-USD | +0.0010% | 1h | 0.1020 | −0.042% | $229K | $48K | 10x | as long as short |
| Lighter DOGE | +0.0096% | 1h | 0.1021 | +0.077% | $755K | $6.3M | 15x | as long as short |
| Katana Perps DOGE-USD | +0.0100% | 8h | 0.1019 | −0.135% | $922 | $470K | 10x | as long as short |
| Nado DOGE-PERP | +0.0100% | 1h | 0.1020 | −0.051% | $539K | $1.0M | 10x | as long as short |
| Aster DOGEUSDT | +0.0100% | 8h | 0.1020 | +0.022% | $4.8M | $50.6M | 75x | as long as short |
| Pacifica DOGE | +0.0100% | 1h | 0.1019 | −0.121% | $330K | $484K | 20x | as long as short |
Kraken Futures PF_DOGEUSD
Bitget DOGEUSDT
Kalshi KXDOGEPERP
gTrade (Gains Network) DOGE/USD
dYdX DOGE-USD
Lighter DOGE
Katana Perps DOGE-USD
Nado DOGE-PERP
Aster DOGEUSDT
Pacifica DOGEShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance DOGEUSDTlong | +0.0100% | 8h | 0.1020 | long leg | $336.9M | $1.50B | 75x | |
| Bybit DOGEUSDT | +0.0100% | 8h | 0.1020 | −0.007% | $168.8M | $455.6M | 75x | as long as short |
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.1020 | −0.046% | $117.1M | $1.06B | 50x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.1005 | −1.507% | $386K | $859 | 10x | as long as short |
| Gate DOGE_USDT | +0.0100% | 8h | 0.1018 | −0.184% | $250.5M | $137.1M | 75x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.1019 | −0.125% | $116.2M | $237.8M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.1019 | −0.095% | $67.9M | $44.5M | 75x | as long as short |
| BingX DOGE-USDT | +0.0100% | 8h | 0.1019 | −0.144% | — | $77.0M | — | as long as short |
| Backpack DOGE_USDC_PERP | +0.0100% | 1h | 0.1019 | −0.154% | $325K | $1.2M | 15x | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.1019 | −0.147% | $1.1M | $8.2M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.1009 | −1.055% | $306K | $132.0M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.1011 | −0.908% | $639K | $4.4M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.1011 | −0.899% | $147K | $292K | 25x | as long as short |
| Polymarket Perps DOGE-USD | +0.0100% | 1h | 0.1019 | −0.115% | $264K | $877K | 10x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.1019 | −0.105% | $71K | $440K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.1019 | −0.122% | $25K | $1K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.1020 | −0.005% | $36K | $2.2M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.1020 | +0.022% | $2K | $4.2M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.1021 | +0.081% | $6.1M | $59.6M | 75x | as long as short |
| Phemex DOGEUSDT | +0.0100% | 8h | 0.1021 | +0.042% | $93.8M | $17.0M | 50x | as long as short |
| Paradex DOGE-USD-PERP | +0.0100% | 8h | 0.1017 | −0.288% | $18K | $7K | 30x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.1019 | −0.108% | $500K | $4.1M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.1019 | −0.095% | $19K | — | 3x | as long as short |
| Reya DOGERUSDPERP | +0.0190% | 1h | 0.1019 | −0.083% | $2K | — | 20x | as long as short |
| Deribit DOGE_USDC-PERPETUALshort | +0.0192% | 1h | 0.1019 | −0.103% | $609K | $119K | 25x | |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.1021 | +0.081% | $16.2M | $26.0M | 75x | as long as short |
| 01 Exchange DOGEUSD | +0.0224% | 1h | 0.1020 | +0.015% | $544 | $4K | 10x | as long as short |
| Phoenix DOGE | +0.0242% | 1h | 0.1006 | −1.409% | $65K | $288K | 10x | as long as short |
| GMX DOGE/USD [ETH-USDC] | L +0.0247% / S −0.0267% | 1h | 0.1019 | −0.086% | $317K | — | 200x | as long as short |
| Hyperliquid DOGE | +0.0278% | 1h | 0.1020 | −0.056% | $124.9M | $102.8M | 10x | as long as short |
| Coinbase International DOGE-PERP-INTX | +0.0296% | 1h | 0.1021 | +0.032% | $2.1M | $28.8M | 50x | as long as short |
| Arcus DOGE-USD | +0.0690% | 1h | 0.1021 | +0.071% | $111K | $199K | 10x | as long as short |
| RISEx DOGE/USDC | +0.0695% | 1h | 0.1020 | −0.007% | $413K | $416K | 10x | as long as short |
| Injective DOGE/USDC PERP | +0.1004% | 1h | 0.1015 | −0.507% | $5K | $239K | 12x | as long as short |
Bybit DOGEUSDT
OKX DOGE-USDT-SWAP
Bulk DOGE-USD
Gate DOGE_USDT
MEXC DOGE_USDT
KuCoin DOGEUSDTM
BingX DOGE-USDT
Backpack DOGE_USDC_PERP
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
01 Exchange DOGEUSD
Phoenix DOGE
GMX DOGE/USD [ETH-USDC]
Hyperliquid DOGE
Coinbase International DOGE-PERP-INTX
Arcus DOGE-USD
RISEx DOGE/USDC
Injective DOGE/USDC PERP