Funding you earn now, next payment 04:00 UTC+0.0018%/8h= +2.0% APRnext payment +$0.02 per $10,000 · paid last 24h −0.052%
Price spread now: Deribit against Coinbase International+0.018%7-day average −0.019% · you sell dearer than you buy
Net, funding: paid 7d − costs−$52as in the Funding arb table
Net, price: spread back to 7d avg − costs−$37as in the Price arb table
costs, in and out, $10k−$400.403% of the position
Funding, last 7 days−0.116%−$12 on $10k
+Price spread, last 4 days (all we have)+0.003%$0 · spread now +0.018%, 7d avg −0.019%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Deribit is 0.037% dearer against Coinbase International than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.019%. Mind the row above: over the last 7 days funding on this pair cost −0.116%, 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 | Coinbase International DOGE-PERP-INTX | 0.1014 | 0.0304 | pay 0.0038% / 1h | 11m 16s | $2.1M | $33.4M | 50x |
| Short | Deribit DOGE_USDC-PERPETUAL | 0.1015 | 0.0322 | get 0.0040% / 1h | 11m 16s | $576K | $247K | 25x |
Coinbase International DOGE-PERP-INTX
Deribit DOGE_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- $3.78
- Price spread: +0.018% → −0.019%
- $3.65
- Slippage, 4 orders
- −$23.34
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$32.91
- Costs to cover
- 0.403%
- Break-even
- 67.9 days
Slippage from Coinbase International: live order book, 3 min ago; Deribit: live order book, 43 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, 3 min ago | 1.47 bp | 11.9 bp −$12 | 17.9 bp −$179 | 40.0 bp −$4,001 | doesn't fit |
| Sell Deribit live order book, 43 min ago | 5.70 bp | 9.7 bp −$10 | 54.4 bp −$544 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.1015 | +0.028% | $682K | $6.3M | 2.8x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S 0.0000% | 1h | 0.1013 | −0.108% | $24K | — | 150x | as long as short |
| dYdX DOGE-USD | +0.0019% | 1h | 0.1015 | +0.013% | $228K | $70K | 10x | as long as short |
| Bitget DOGEUSDT | +0.0084% | 8h | 0.1011 | −0.335% | $131.6M | $317.9M | 75x | as long as short |
| Lighter DOGE | +0.0096% | 1h | 0.1014 | −0.012% | $747K | $6.5M | 15x | as long as short |
| Nado DOGE-PERP | +0.0100% | 1h | 0.1014 | −0.010% | $556K | $1.1M | 10x | as long as short |
| Aster DOGEUSDT | +0.0100% | 8h | 0.1013 | −0.160% | $4.9M | $54.9M | 75x | as long as short |
| Pacifica DOGE | +0.0100% | 1h | 0.1015 | +0.046% | $324K | $519K | 20x | as long as short |
| Binance DOGEUSDT | +0.0100% | 8h | 0.1012 | −0.207% | $332.8M | $1.63B | 75x | as long as short |
| Bybit DOGEUSDT | +0.0100% | 8h | 0.1011 | −0.306% | $165.0M | $502.3M | 75x | as long as short |
Kalshi KXDOGEPERP
gTrade (Gains Network) DOGE/USD
dYdX DOGE-USD
Bitget DOGEUSDT
Lighter DOGE
Nado DOGE-PERP
Aster DOGEUSDT
Pacifica DOGE
Binance DOGEUSDT
Bybit DOGEUSDTShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.1011 | −0.315% | $115.4M | $1.15B | 50x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.1016 | +0.167% | $390K | $16K | 10x | as long as short |
| Gate DOGE_USDT | +0.0100% | 8h | 0.1011 | −0.335% | $248.5M | $147.2M | 75x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.1012 | −0.237% | $114.5M | $247.4M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.1013 | −0.138% | $66.5M | $48.3M | 75x | as long as short |
| BingX DOGE-USDC | +0.0100% | 8h | 0.1013 | −0.197% | — | $3.5M | — | as long as short |
| Backpack DOGE_USDC_PERP | +0.0100% | 1h | 0.1011 | −0.315% | $331K | $1.2M | 15x | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.1019 | +0.451% | $1.2M | $8.5M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.1017 | +0.207% | $324K | $136.3M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.1016 | +0.177% | $644K | $4.7M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.1017 | +0.246% | $153K | $330K | 25x | as long as short |
| Polymarket Perps DOGE-USD | +0.0100% | 1h | 0.1013 | −0.158% | $261K | $1.0M | 10x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.1014 | −0.059% | $66K | $458K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.1014 | −0.069% | $19K | $1K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.1015 | +0.068% | $35K | $2.3M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.1014 | −0.020% | $2K | $5.1M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.1012 | −0.262% | $6.0M | $65.9M | 75x | as long as short |
| Phemex DOGEUSDT | +0.0100% | 8h | 0.1013 | −0.158% | $93.2M | $17.2M | 50x | as long as short |
| Paradex DOGE-USD-PERP | +0.0100% | 8h | 0.1014 | −0.030% | $18K | $5K | 30x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.1014 | −0.068% | $488K | $4.1M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.1014 | −0.027% | $19K | — | 3x | as long as short |
| Katana Perps DOGE-USD | +0.0120% | 8h | 0.1014 | −0.039% | $2K | $503K | 10x | as long as short |
| Reya DOGERUSDPERP | +0.0193% | 1h | 0.1013 | −0.126% | $2K | — | 20x | as long as short |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.1014 | −0.039% | $16.4M | $26.9M | 75x | as long as short |
| Phoenix DOGE | +0.0235% | 1h | 0.1017 | +0.275% | $18K | $292K | 10x | as long as short |
| 01 Exchange DOGEUSD | +0.0240% | 1h | 0.1014 | −0.017% | $451 | $4K | 10x | as long as short |
| Kraken Futures PF_DOGEUSD | +0.0248% | 1h | 0.1014 | −0.096% | $5.5M | $39.6M | 50x | as long as short |
| GMX DOGE/USD [ETH-USDC] | L +0.0255% / S −0.0299% | 1h | 0.1013 | −0.103% | $331K | — | 200x | as long as short |
| Coinbase International DOGE-PERP-INTXlong | +0.0304% | 1h | 0.1014 | long leg | $2.1M | $33.4M | 50x | |
| Deribit DOGE_USDC-PERPETUALshort | +0.0322% | 1h | 0.1015 | +0.018% | $576K | $247K | 25x | |
| Hyperliquid DOGE | +0.0424% | 1h | 0.1012 | −0.227% | $126.1M | $111.5M | 10x | as long as short |
| Arcus DOGE-USD | +0.0634% | 1h | 0.1015 | +0.069% | $110K | $207K | 10x | as long as short |
| RISEx DOGE/USDC | +0.0728% | 1h | 0.1015 | +0.010% | $409K | $432K | 10x | as long as short |
| Injective DOGE/USDC PERP | +0.1062% | 1h | 0.1053 | +3.795% | $6K | $242K | 12x | as long as short |
OKX DOGE-USDT-SWAP
Bulk DOGE-USD
Gate DOGE_USDT
MEXC DOGE_USDT
KuCoin DOGEUSDTM
BingX DOGE-USDC
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
Katana Perps DOGE-USD
Reya DOGERUSDPERP
BloFin DOGE-USDT
Phoenix DOGE
01 Exchange DOGEUSD
Kraken Futures PF_DOGEUSD
GMX DOGE/USD [ETH-USDC]
Hyperliquid DOGE
Arcus DOGE-USD
RISEx DOGE/USDC
Injective DOGE/USDC PERP