Funding you earn now, next payment 06:00 UTC−0.0240%/8h= −26.3% APRnext payment −$0.30 per $10,000 · paid last 24h −0.041%
Price spread now: dYdX against Coinbase International+0.210%7-day average −0.035% · you sell dearer than you buy
Net, funding: paid 7d − costs−$98as in the Funding arb table
Net, price: spread back to 7d avg − costs−$71as in the Price arb table
costs, in and out, $10k−$960.959% of the position
Funding, last 7 days−0.021%−$2 on $10k
+Price spread, last 4 days (all we have)−0.236%−$24 · spread now +0.210%, 7d avg −0.035%
=The price spread pays, funding is against you. dYdX is 0.245% dearer against Coinbase International than usual: you sell high and buy low (spread +0.210% now, against its 7-day average of −0.035%): +$24 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 3.4 days. At the pace of the last 7 days (−0.021% in total) that is about 3 months.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.021% in total (about -1.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.30 per $10,000. 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 | Coinbase International DOGE-PERP-INTX | 0.1001 | 0.0240 | pay 0.0030% / 1h | 58m 39s | $2.0M | $34.5M | 50x |
| Short | dYdX DOGE-USD | 0.1003 | 0 | get 0.0000% / 1h | 58m 39s | $225K | $69K | 10x |
Coinbase International DOGE-PERP-INTX
dYdX DOGE-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
dYdX 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
- −$50.4
- Price spread: +0.210% → −0.035%
- $24.48
- Slippage, 4 orders
- −$75.93
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee dYdX: 5 bp × 2 orders
- −$10
- Net
- −$121.85
- Costs to cover
- 0.959%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 5 min ago; dYdX: live order book, 50 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, 5 min ago | 1.00 bp | 10.0 bp −$10 | 16.4 bp −$164 | 44.0 bp −$4,397 | doesn't fit |
| Sell dYdX live order book, 50 min ago | 23.51 bp | 47.5 bp −$48 | 80.4 bp −$804 | 92.2 bp −$9,225 | 100.6 bp −$50.3K |
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 | −0.0082% | 1h | 0.1001 | −0.013% | $5.7M | $40.4M | 50x | as long as short |
| dYdX DOGE-USDshort | 0.0000% | 1h | 0.1003 | +0.210% | $225K | $69K | 10x | |
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.1001 | −0.015% | $598K | $6.5M | 2.8x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S 0.0000% | 1h | 0.1001 | −0.041% | $34K | — | 150x | as long as short |
| Injective DOGE/USDC PERP | +0.0033% | 1h | 0.1053 | +5.184% | $6K | $242K | 12x | as long as short |
| Bitget DOGEUSDT | +0.0089% | 8h | 0.1004 | +0.260% | $143.3M | $343.1M | 75x | as long as short |
| Lighter DOGE | +0.0096% | 1h | 0.1004 | +0.301% | $857K | $6.8M | 15x | as long as short |
| Nado DOGE-PERP | +0.0100% | 1h | 0.1001 | −0.015% | $540K | $1.1M | 10x | as long as short |
| Aster DOGEUSDT | +0.0100% | 8h | 0.1003 | +0.213% | $4.6M | $58.2M | 75x | as long as short |
| Pacifica DOGE | +0.0100% | 1h | 0.1004 | +0.256% | $321K | $501K | 20x | as long as short |
Kraken Futures PF_DOGEUSD
Kalshi KXDOGEPERP
gTrade (Gains Network) DOGE/USD
Injective DOGE/USDC PERP
Bitget DOGEUSDT
Lighter DOGE
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 DOGEUSDT | +0.0100% | 8h | 0.1004 | +0.257% | $330.4M | $1.70B | 75x | as long as short |
| Bybit DOGEUSDT | +0.0100% | 8h | 0.1004 | +0.300% | $166.3M | $519.0M | 75x | as long as short |
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.1004 | +0.330% | $118.3M | $1.20B | 50x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.1001 | +0.001% | $385K | $16K | 10x | as long as short |
| Gate DOGE_USDT | +0.0100% | 8h | 0.1004 | +0.300% | $250.7M | $152.9M | 75x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.1004 | +0.320% | $112.0M | $256.4M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.1004 | +0.340% | $66.7M | $50.0M | 75x | as long as short |
| BingX DOGE-USDT | +0.0100% | 8h | 0.1004 | +0.320% | — | $80.8M | — | as long as short |
| Backpack DOGE_USDC_PERP | +0.0100% | 1h | 0.1001 | +0.010% | $314K | $1.3M | 15x | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.1002 | +0.086% | $1.1M | $8.7M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.1002 | +0.080% | $315K | $140.1M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.1002 | +0.100% | $631K | $4.7M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.1002 | +0.090% | $151K | $336K | 25x | as long as short |
| Polymarket Perps DOGE-USD | +0.0100% | 1h | 0.1001 | −0.060% | $269K | $1.2M | 10x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.1001 | −0.020% | $64K | $478K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.1001 | −0.029% | $19K | $7K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.1001 | +0.038% | $35K | $2.3M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.1001 | −0.010% | $2K | $5.3M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.1001 | −0.006% | $5.9M | $68.6M | 75x | as long as short |
| Phemex DOGEUSDT | +0.0100% | 8h | 0.1001 | −0.010% | $92.0M | $17.0M | 50x | as long as short |
| Paradex DOGE-USD-PERP | +0.0100% | 8h | 0.1003 | +0.196% | $18K | $5K | 30x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.1004 | +0.281% | $487K | $4.1M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.1001 | −0.025% | $19K | — | 3x | as long as short |
| Katana Perps DOGE-USD | +0.0110% | 8h | 0.1004 | +0.320% | $1K | $527K | 10x | as long as short |
| Reya DOGERUSDPERP | +0.0196% | 1h | 0.1000 | −0.078% | $2K | — | 20x | as long as short |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.1001 | 0.000% | $16.1M | $27.1M | 75x | as long as short |
| 01 Exchange DOGEUSD | +0.0232% | 1h | 0.1001 | +0.010% | $445 | $4K | 10x | as long as short |
| Phoenix DOGE | +0.0240% | 1h | 0.1003 | +0.155% | $18K | $379K | 10x | as long as short |
| Coinbase International DOGE-PERP-INTXlong | +0.0240% | 1h | 0.1001 | long leg | $2.0M | $34.5M | 50x | |
| GMX DOGE/USD [ETH-USDC] | L +0.0250% / S −0.0294% | 1h | 0.1001 | −0.023% | $316K | — | 200x | as long as short |
| Hyperliquid DOGE | +0.0286% | 1h | 0.1004 | +0.330% | $124.4M | $116.3M | 10x | as long as short |
| Deribit DOGE_USDC-PERPETUAL | +0.0290% | 1h | 0.1001 | +0.024% | $574K | $252K | 25x | as long as short |
| Arcus DOGE-USD | +0.0387% | 1h | 0.1005 | +0.360% | $27K | $300K | 10x | as long as short |
| RISEx DOGE/USDC | +0.0626% | 1h | 0.1005 | +0.390% | $407K | $453K | 10x | as long as short |
Binance DOGEUSDT
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
Katana Perps DOGE-USD
Reya DOGERUSDPERP
BloFin DOGE-USDT
01 Exchange DOGEUSD
Phoenix DOGE
GMX DOGE/USD [ETH-USDC]
Hyperliquid DOGE
Deribit DOGE_USDC-PERPETUAL
Arcus DOGE-USD
RISEx DOGE/USDC