Funding you earn now, next payment 23:00 UTC−0.0140%/8h= −15.3% APRpaid last 24h −0.019%
Price spread now: Bybit against Coinbase International−0.070%7-day average −0.042% · you buy dearer than you sell
Net, funding: paid 7d − costs−$31as in the Funding arb table
Net, price: spread back to 7d avg − costs−$34as in the Price arb table
costs, in and out, $10k−$310.311% of the position
Funding, last 7 days−0.002%$0 on $10k
+Price spread, last 3 days (all we have)+0.070%+$7 · spread now −0.070%, 7d avg −0.042%
=Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Bybit is 0.027% cheaper against Coinbase International than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.042%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International DOGE-PERP-INTX | 0.1001 | 0.0240 | pay 0.0030% / 1h | 30m 11s | $2.0M | $24.1M | 50x |
| Short | Bybit DOGEUSDT | 0.1000 | 0.0100 | get 0.0100% / 8h | 30m 11s | $157.5M | $430.7M | 75x |
Coinbase International DOGE-PERP-INTX
Bybit DOGEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Coinbase International. 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
- −$29.4
- Price spread: −0.070% → −0.042%
- −$2.75
- Slippage, 4 orders
- −$10.06
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$63.21
- Costs to cover
- 0.311%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 4 min ago; Bybit: live order book, 4 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 Coinbase International live order book, 4 min ago | 2.00 bp | 9.0 bp −$9 | 15.5 bp −$155 | 47.6 bp −$4,763 | doesn't fit |
| Sell Bybit live order book, 4 min ago | 0.50 bp | 7.3 bp −$7 | 9.5 bp −$95 | 19.7 bp −$1,972 | 43.2 bp −$21.6K |
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 | −0.0240% | 8h | 0.09995 | −0.130% | $152.3M | $268.9M | 75x | as long as short |
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.1001 | 0.000% | $414K | $4.7M | 2.8x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S 0.0000% | 1h | 0.1000 | −0.046% | $23K | — | 150x | as long as short |
| Deribit DOGE_USDC-PERPETUAL | +0.0040% | 1h | 0.1001 | −0.023% | $602K | $117K | 25x | as long as short |
| dYdX DOGE-USD | +0.0055% | 1h | 0.1000 | −0.042% | $225K | $44K | 10x | as long as short |
| Gate DOGE_USDT | +0.0077% | 8h | 0.1000 | −0.080% | $240.9M | $127.1M | 75x | as long as short |
| Lighter DOGE | +0.0096% | 1h | 0.1001 | +0.006% | $792K | $5.5M | 15x | as long as short |
| Katana Perps DOGE-USD | +0.0097% | 8h | 0.1001 | −0.030% | $2K | $390K | 10x | as long as short |
| Nado DOGE-PERP | +0.0100% | 1h | 0.1001 | −0.025% | $538K | $961K | 10x | as long as short |
| Aster DOGEUSDT | +0.0100% | 8h | 0.1001 | −0.027% | $4.9M | $45.6M | 75x | as long as short |
Bitget DOGEUSDT
Kalshi KXDOGEPERP
gTrade (Gains Network) DOGE/USD
Deribit DOGE_USDC-PERPETUAL
dYdX DOGE-USD
Gate DOGE_USDT
Lighter DOGE
Katana Perps DOGE-USD
Nado DOGE-PERP
Aster DOGEUSDTShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica DOGE | +0.0100% | 1h | 0.1001 | −0.007% | $333K | $509K | 20x | as long as short |
| Binance DOGEUSDT | +0.0100% | 8h | 0.1000 | −0.040% | $318.3M | $1.36B | 75x | as long as short |
| Bybit DOGEUSDTshort | +0.0100% | 8h | 0.1000 | −0.070% | $157.5M | $430.7M | 75x | |
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.1000 | −0.060% | $108.9M | $946.1M | 50x | as long as short |
| Arcus DOGE-USD | +0.0100% | 1h | 0.1001 | +0.030% | $31K | $80K | 10x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.1001 | −0.005% | $383K | $12K | 10x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.1001 | −0.030% | $111.2M | $220.7M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.1001 | −0.030% | $65.8M | $41.9M | 75x | as long as short |
| BingX DOGE-USDT | +0.0100% | 8h | 0.1000 | −0.040% | — | $75.6M | — | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.1001 | +0.033% | $1.0M | $8.1M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.1003 | +0.216% | $275K | $118.9M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.1003 | +0.230% | $637K | $4.6M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.1003 | +0.220% | $147K | $250K | 25x | as long as short |
| Polymarket Perps DOGE-USD | +0.0100% | 1h | 0.1000 | −0.070% | $257K | $557K | 10x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.1000 | −0.060% | $73K | $433K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.1000 | −0.052% | $25K | $1K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.1001 | +0.009% | $35K | $2.2M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.1000 | −0.050% | $2K | $3.6M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.1000 | −0.068% | $6.0M | $51.5M | 75x | as long as short |
| Phemex DOGEUSDT | +0.0100% | 8h | 0.1001 | −0.030% | $92.5M | $19.2M | 50x | as long as short |
| Paradex DOGE-USD-PERP | +0.0100% | 8h | 0.1001 | −0.026% | $18K | $5K | 30x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.1000 | −0.068% | $527K | $3.7M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.1000 | −0.045% | $19K | — | 3x | as long as short |
| Kraken Futures PF_DOGEUSD | +0.0105% | 1h | 0.1000 | −0.063% | $5.9M | $33.3M | 50x | as long as short |
| Reya DOGERUSDPERP | +0.0179% | 1h | 0.1000 | −0.043% | $2K | — | 20x | as long as short |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.1001 | 0.000% | $15.4M | $25.3M | 75x | as long as short |
| 01 Exchange DOGEUSD | +0.0224% | 1h | 0.1001 | +0.040% | $529 | $4K | 10x | as long as short |
| Phoenix DOGE | +0.0239% | 1h | 0.1004 | +0.272% | $67K | $281K | 10x | as long as short |
| Coinbase International DOGE-PERP-INTXlong | +0.0240% | 1h | 0.1001 | long leg | $2.0M | $24.1M | 50x | |
| GMX DOGE/USD [ETH-USDC] | L +0.0247% / S −0.0273% | 1h | 0.1000 | −0.048% | $315K | — | 200x | as long as short |
| Backpack DOGE_USDC_PERP | +0.0369% | 1h | 0.1002 | +0.080% | $535K | $965K | 15x | as long as short |
| RISEx DOGE/USDC | +0.0708% | 1h | 0.1001 | +0.055% | $314K | $474K | 10x | as long as short |
| Hyperliquid DOGE | +0.0893% | 1h | 0.1002 | +0.130% | $117.6M | $89.0M | 10x | as long as short |
| Injective DOGE/USDC PERP | +0.1039% | 1h | 0.1005 | +0.420% | $5K | $239K | 12x | as long as short |
Pacifica DOGE
Binance 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
Extended DOGE-USD
Aevo DOGE-PERP
Kraken Futures PF_DOGEUSD
Reya DOGERUSDPERP
BloFin DOGE-USDT
01 Exchange DOGEUSD
Phoenix DOGE
GMX DOGE/USD [ETH-USDC]
Backpack DOGE_USDC_PERP
RISEx DOGE/USDC
Hyperliquid DOGE
Injective DOGE/USDC PERP