Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.027%
Price spread now: Backpack against Bulk+0.395%7-day average −0.026% · 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+$12as in the Price arb table
costs, in and out, $10k−$300.300% of the position
Funding, last 3 days (all we have)+0.009%+$1 on $10k
+Price spread, last 4 days (all we have)−0.481%−$48 · spread now +0.395%, 7d avg −0.026%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Backpack is 0.421% dearer against Bulk than usual: you sell high and buy low, +$42 on $10k if it goes back to its 7-day average of −0.026%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bulk DOGE-USD | 0.09870 | 0.0100 | pay 0.0013% / 1h | 33m 25s | $378K | $5K | 10x |
| Short | Backpack DOGE_USDC_PERP | 0.09909 | 0.0100 | get 0.0013% / 1h | 33m 25s | $343K | $1.1M | 15x |
Bulk DOGE-USD
Backpack DOGE_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Bulk. 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: +0.395% → −0.026%
- $42.07
- Slippage, 4 orders
- −$13.04
- Fee Bulk: 3.5 bp × 2 orders
- −$7
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- $12.03
- Costs to cover
- 0.300%
- Break-even
- from the start
Slippage from Bulk: live order book, 36 min ago; Backpack: live order book, 1 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 Bulk live order book, 36 min ago | 4.95 bp | 8.4 bp −$8 | 8.4 bp −$84 | 9.6 bp −$961 | 21.7 bp −$10.9K |
| Sell Backpack live order book, 1 min ago | 0.51 bp | 7.4 bp −$7 | doesn't fit | doesn't fit | doesn't fit |
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 | −0.0122% | 8h | 0.09876 | +0.061% | $149.7M | $273.5M | 75x | as long as short |
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.09897 | +0.273% | $387K | $5.0M | 2.8x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S 0.0000% | 1h | 0.09881 | +0.111% | $23K | — | 150x | as long as short |
| dYdX DOGE-USD | +0.0022% | 1h | 0.09878 | +0.081% | $222K | $51K | 10x | as long as short |
| Kraken Futures PF_DOGEUSD | +0.0067% | 1h | 0.09902 | +0.322% | $5.8M | $34.1M | 50x | as long as short |
| Lighter DOGE | +0.0096% | 1h | 0.09890 | +0.202% | $768K | $6.0M | 15x | as long as short |
| Katana Perps DOGE-USD | +0.0099% | 8h | 0.09878 | +0.081% | $825 | $430K | 10x | as long as short |
| Nado DOGE-PERP | +0.0100% | 1h | 0.09887 | +0.172% | $482K | $972K | 10x | as long as short |
| Aster DOGEUSDT | +0.0100% | 8h | 0.09880 | +0.101% | $4.6M | $48.3M | 75x | as long as short |
| Pacifica DOGE | +0.0100% | 1h | 0.09885 | +0.153% | $326K | $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 | 0.09886 | +0.167% | $313.0M | $1.43B | 75x | as long as short |
| Bybit DOGEUSDT | +0.0100% | 8h | 0.09882 | +0.122% | $156.5M | $443.9M | 75x | as long as short |
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.09886 | +0.162% | $108.8M | $974.0M | 50x | as long as short |
| Arcus DOGE-USD | +0.0100% | 1h | 0.09889 | +0.193% | $127K | $178K | 10x | as long as short |
| Bulk DOGE-USDlong | +0.0100% | 1h | 0.09870 | long leg | $378K | $5K | 10x | |
| Gate DOGE_USDT | +0.0100% | 8h | 0.09871 | +0.010% | $239.8M | $131.6M | 75x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.09884 | +0.142% | $108.9M | $229.0M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.09884 | +0.142% | $65.3M | $43.1M | 75x | as long as short |
| BingX DOGE-USDC | +0.0100% | 8h | 0.09884 | +0.142% | — | $3.4M | — | as long as short |
| Backpack DOGE_USDC_PERPshort | +0.0100% | 1h | 0.09909 | +0.395% | $343K | $1.1M | 15x | |
| Variational Omni DOGE | +0.0100% | 8h | 0.09884 | +0.142% | $973K | $8.2M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.09884 | +0.138% | $271K | $128.3M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.09887 | +0.168% | $622K | $4.5M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.09880 | +0.101% | $144K | $276K | 25x | as long as short |
| Polymarket Perps DOGE-USD | +0.0100% | 1h | 0.09876 | +0.061% | $254K | $642K | 10x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.09900 | +0.304% | $70K | $440K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.09898 | +0.285% | $24K | $1K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.09904 | +0.345% | $35K | $2.2M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.09902 | +0.324% | $2K | $3.7M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.09902 | +0.319% | $5.9M | $54.7M | 75x | as long as short |
| Phemex DOGEUSDT | +0.0100% | 8h | 0.09904 | +0.344% | $91.3M | $17.4M | 50x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.09867 | −0.026% | $523K | $3.9M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.09900 | +0.309% | $19K | — | 3x | as long as short |
| Paradex DOGE-USD-PERP | +0.0113% | 8h | 0.09882 | +0.126% | $18K | $6K | 30x | as long as short |
| Deribit DOGE_USDC-PERPETUAL | +0.0164% | 1h | 0.09901 | +0.316% | $592K | $118K | 25x | as long as short |
| Reya DOGERUSDPERP | +0.0184% | 1h | 0.09882 | +0.120% | $2K | — | 20x | as long as short |
| 01 Exchange DOGEUSD | +0.0192% | 1h | 0.09884 | +0.142% | $527 | $4K | 10x | as long as short |
| Coinbase International DOGE-PERP-INTX | +0.0240% | 1h | 0.09877 | +0.071% | $2.0M | $24.9M | 50x | as long as short |
| Phoenix DOGE | +0.0241% | 1h | 0.09898 | +0.285% | $64K | $284K | 10x | as long as short |
| GMX DOGE/USD [ETH-USDC] | L +0.0245% / S −0.0267% | 1h | 0.09883 | +0.134% | $307K | — | 200x | as long as short |
| RISEx DOGE/USDC | +0.0563% | 1h | 0.09882 | +0.125% | $318K | $404K | 10x | as long as short |
| Hyperliquid DOGE | +0.0701% | 1h | 0.09896 | +0.264% | $120.4M | $97.2M | 10x | as long as short |
| Injective DOGE/USDC PERP | +0.1004% | 1h | 0.09900 | +0.304% | $5K | $239K | 12x | as long as short |
Binance DOGEUSDT
Bybit DOGEUSDT
OKX DOGE-USDT-SWAP
Arcus DOGE-USD
Gate DOGE_USDT
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
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