Funding you earn now, next payment 22:00 UTC+0.0541%/8h= +59.3% APRpaid last 24h +0.049%
Price spread now: GMX against Bitget+0.031%7-day average +0.062% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.147%+$15 on $10k
+Price spread, last 3 days (all we have)+0.175%+$17 · spread now +0.031%, 7d avg +0.062%
=Funding pays, the price is against you. GMX is 0.030% cheaper against Bitget than usual: you would sell low and buy high (spread +0.031% now, against its 7-day average of +0.062%). If the spread goes back, that is −$3 on $10k: about 4 hours of funding at the current rate (+$16 a day). At the pace of the last 3 days (+0.147% in total) that is about 15 hours.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.147% in total (about 17.6% 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 | Bitget DOGEUSDT | 0.09884 | −0.0278 | get 0.0278% / 8h | 2h 50m | $151.7M | $259.7M | 75x |
| Short | GMX DOGE/USD [ETH-USDC] | 0.09887 | L +0.0243% / S −0.0263% | get 0.0033% / 1h | 50m 01s | $305K | — | 200x |
Bitget DOGEUSDT
GMX DOGE/USD [ETH-USDC]Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX against Bitget. 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
- $113.68
- Price spread: +0.031% → +0.062%
- −$3.03
- Slippage, 4 orders
- no order book: not counted
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- $86.64
- Costs to cover
- 0.240%
- Break-even
- 1.7 days
Slippage unknown: Bitget: live order book, 4 min ago; GMX: 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 Bitget live order book, 4 min ago | 0.50 bp | 8.6 bp −$9 | 10.1 bp −$101 | 26.8 bp −$2,681 | doesn't fit |
| Sell GMX no order-book sample | — | — | — | — | — |
GMX: 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 DOGEUSDTlong | −0.0278% | 8h | 0.09884 | long leg | $151.7M | $259.7M | 75x | |
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.09889 | +0.047% | $337K | $4.2M | 2.8x | as long as short |
| Deribit DOGE_USDC-PERPETUAL | 0.0000% | 1h | 0.09894 | +0.101% | $618K | $88K | 25x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S −0.0001% | 1h | 0.09888 | +0.039% | $32K | — | 150x | as long as short |
| Gate DOGE_USDT | +0.0062% | 8h | 0.09885 | +0.010% | $235.0M | $118.2M | 75x | as long as short |
| dYdX DOGE-USD | +0.0065% | 1h | 0.09891 | +0.071% | $222K | $44K | 10x | as long as short |
| Phoenix DOGE | +0.0080% | 1h | 0.09967 | +0.838% | $15K | $225K | 10x | as long as short |
| Katana Perps DOGE-USD | +0.0095% | 8h | 0.09885 | +0.010% | $2K | $335K | 10x | as long as short |
| Lighter DOGE | +0.0096% | 1h | 0.09892 | +0.082% | $797K | $5.0M | 15x | as long as short |
| Nado DOGE-PERP | +0.0100% | 1h | 0.09889 | +0.051% | $628K | $694K | 10x | as long as short |
Kalshi KXDOGEPERP
Deribit DOGE_USDC-PERPETUAL
gTrade (Gains Network) DOGE/USD
Gate DOGE_USDT
dYdX DOGE-USD
Phoenix DOGE
Katana Perps DOGE-USD
Lighter DOGE
Nado DOGE-PERPShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster DOGEUSDT | +0.0100% | 8h | 0.09889 | +0.046% | $4.8M | $40.2M | 75x | as long as short |
| Pacifica DOGE | +0.0100% | 1h | 0.09892 | +0.077% | $339K | $524K | 20x | as long as short |
| Binance DOGEUSDT | +0.0100% | 8h | 0.09891 | +0.071% | $317.2M | $1.25B | 75x | as long as short |
| Bybit DOGEUSDT | +0.0100% | 8h | 0.09892 | +0.081% | $154.4M | $393.6M | 75x | as long as short |
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.09896 | +0.121% | $107.5M | $884.3M | 50x | as long as short |
| Arcus DOGE-USD | +0.0100% | 1h | 0.09891 | +0.071% | $28K | $75K | 10x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.09895 | +0.111% | $379K | $19K | 10x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.09891 | +0.071% | $111.0M | $201.8M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.09887 | +0.030% | $65.2M | $38.7M | 75x | as long as short |
| BingX DOGE-USDT | +0.0100% | 8h | 0.09891 | +0.071% | — | $73.1M | — | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.09879 | −0.055% | $1.1M | $7.6M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.09950 | +0.671% | $264K | $110.1M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.09992 | +1.097% | $631K | $4.7M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.09950 | +0.668% | $142K | $222K | 25x | as long as short |
| Polymarket Perps DOGE-USD | +0.0100% | 1h | 0.09893 | +0.092% | $275K | $546K | 10x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.09889 | +0.051% | $72K | $363K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.09888 | +0.039% | $24K | $1K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.09894 | +0.104% | $35K | $2.1M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.09889 | +0.051% | $2K | $3.3M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.09896 | +0.126% | $6.0M | $46.2M | 75x | as long as short |
| Phemex DOGEUSDT | +0.0100% | 8h | 0.09889 | +0.051% | $91.8M | $18.9M | 50x | as long as short |
| Paradex DOGE-USD-PERP | +0.0100% | 8h | 0.09888 | +0.036% | $19K | $3K | 30x | as long as short |
| Backpack DOGE_USDC_PERP | +0.0102% | 1h | 0.09894 | +0.101% | $526K | $857K | 15x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.09889 | +0.048% | $542K | $3.5M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.09890 | +0.062% | $19K | — | 3x | as long as short |
| Reya DOGERUSDPERP | +0.0173% | 1h | 0.09891 | +0.072% | $2K | — | 20x | as long as short |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.09882 | −0.020% | $15.3M | $23.6M | 75x | as long as short |
| Coinbase International DOGE-PERP-INTX | +0.0224% | 1h | 0.09893 | +0.091% | $2.0M | $22.1M | 50x | as long as short |
| GMX DOGE/USD [ETH-USDC]short | L +0.0243% / S −0.0263% | 1h | 0.09887 | +0.031% | $305K | — | 200x | |
| Kraken Futures PF_DOGEUSD | +0.0289% | 1h | 0.09890 | +0.063% | $6.8M | $30.3M | 50x | as long as short |
| 01 Exchange DOGEUSD | +0.0432% | 1h | 0.09885 | +0.014% | $522 | $4K | 10x | as long as short |
| RISEx DOGE/USDC | +0.0536% | 1h | 0.09892 | +0.081% | $311K | $469K | 10x | as long as short |
| Hyperliquid DOGE | +0.0579% | 1h | 0.09898 | +0.144% | $111.4M | $76.9M | 10x | as long as short |
| Injective DOGE/USDC PERP | +0.1013% | 1h | 0.09930 | +0.465% | $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-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
Paradex DOGE-USD-PERP
Backpack DOGE_USDC_PERP
Extended DOGE-USD
Aevo DOGE-PERP
Reya DOGERUSDPERP
BloFin DOGE-USDT
Coinbase International DOGE-PERP-INTX
Kraken Futures PF_DOGEUSD
01 Exchange DOGEUSD
RISEx DOGE/USDC
Hyperliquid DOGE
Injective DOGE/USDC PERP