Funding you earn now, next payment 03:00 UTC−0.0196%/8h= −21.5% APRpaid last 24h −0.027%
Price spread now: GRVT against Coinbase International+0.239%76s7-day average −0.044% · you sell dearer than you buy
Net, funding: paid 7d − costs−$24as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$330.329% of the position
Funding, last 7 days+0.091%+$9 on $10k
+Price spread, last 4 days (all we have)−0.310%−$31 · spread now +0.239%, 7d avg −0.044%
=Together, before fees−0.219%+ Points / potential airdropGRVT: Active · farm board−$22 on $10k · with fees, hour by hour
The price spread pays, funding is against you. GRVT is 0.284% dearer against Coinbase International than usual: you sell high and buy low (spread +0.239% now, against its 7-day average of −0.044%): +$28 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 4.8 days. Mind the row above: over the last 7 days funding on this pair paid +0.091%, so the current rate has only just turned against you. The two prices were read 76 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.091% in total (about 4.7% 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 | Coinbase International DOGE-PERP-INTX | 0.1002 | 0.0296 | pay 0.0037% / 1h | 28m 08s | $2.3M | $27.2M | 50x |
| Short | GRVT DOGE_USDT_Perp | 0.1005 | 0.0100 | get 0.0100% / 8h | 4h 28m | $631K | $4.4M | 10x |
Coinbase International DOGE-PERP-INTX
GRVT DOGE_USDT_PerpFunding history
latest
Range statsloading…
Price spread between the two exchanges
GRVT 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
- −$41.16
- Price spread: +0.239% → −0.044%
- $28.39
- Slippage, 4 orders
- −$13.86
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- −$45.63
- Costs to cover
- 0.329%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 1 min ago; GRVT: live order book, 6 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, 1 min ago | 2.00 bp | 8.6 bp −$9 | 16.3 bp −$163 | 54.9 bp −$5,493 | doesn't fit |
| Sell GRVT live order book, 6 min ago | 0.50 bp | 5.0 bp −$5 | 14.3 bp −$143 | 59.9 bp −$5,991 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget DOGEUSDT | −0.0045% | 8h | 0.1002 | −0.070% | $151.4M | $276.0M | 75x | as long as short |
| Kraken Futures PF_DOGEUSD | −0.0032% | 1h | 0.1002 | +0.003% | $5.7M | $35.6M | 50x | as long as short |
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.1004 | +0.138% | $396K | $5.2M | 2.8x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S 0.0000% | 1h | 0.1002 | −0.025% | $24K | — | 150x | as long as short |
| dYdX DOGE-USD | +0.0019% | 1h | 0.1003 | +0.105% | $225K | $49K | 10x | as long as short |
| Lighter DOGE | +0.0096% | 1h | 0.1003 | +0.029% | $734K | $6.3M | 15x | as long as short |
| Katana Perps DOGE-USD | +0.0097% | 8h | 0.1003 | +0.090% | $1K | $451K | 10x | as long as short |
| Deribit DOGE_USDC-PERPETUAL | +0.0099% | 1h | 0.1002 | −0.032% | $599K | $118K | 25x | as long as short |
| Nado DOGE-PERP | +0.0100% | 1h | 0.1004 | +0.170% | $528K | $1.0M | 10x | as long as short |
| Aster DOGEUSDT | +0.0100% | 8h | 0.1004 | +0.131% | $4.7M | $49.3M | 75x | as long as short |
Bitget DOGEUSDT
Kraken Futures PF_DOGEUSD
Kalshi KXDOGEPERP
gTrade (Gains Network) DOGE/USD
dYdX DOGE-USD
Lighter DOGE
Katana Perps DOGE-USD
Deribit DOGE_USDC-PERPETUAL
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 | 0.1003 | +0.066% | $326K | $483K | 20x | as long as short |
| Binance DOGEUSDT | +0.0100% | 8h | 0.1002 | −0.015% | $323.6M | $1.46B | 75x | as long as short |
| Bybit DOGEUSDT | +0.0100% | 8h | 0.1002 | −0.060% | $162.9M | $445.9M | 75x | as long as short |
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.1002 | −0.070% | $113.2M | $1.01B | 50x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.09916 | −1.070% | $381K | $859 | 10x | as long as short |
| Gate DOGE_USDT | +0.0100% | 8h | 0.1002 | −0.060% | $246.9M | $134.4M | 75x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.1002 | −0.070% | $112.0M | $235.3M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.1002 | −0.020% | $66.2M | $43.6M | 75x | as long as short |
| BingX DOGE-USDC | +0.0100% | 8h | 0.1002 | −0.050% | — | $3.5M | — | as long as short |
| Backpack DOGE_USDC_PERP | +0.0100% | 1h | 0.1002 | −0.040% | $320K | $1.2M | 15x | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.1004 | +0.187% | $1.0M | $8.2M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.1004 | +0.178% | $298K | $130.2M | 20x | as long as short |
| GRVT DOGE_USDT_Perpshort | +0.0100% | 8h | 0.1005 | +0.239% | $631K | $4.4M | 10x | |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.09970 | −0.529% | $145K | $285K | 25x | as long as short |
| Polymarket Perps DOGE-USD | +0.0100% | 1h | 0.1003 | +0.070% | $261K | $856K | 10x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.1002 | −0.040% | $70K | $436K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.1002 | −0.060% | $25K | $1K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.1003 | +0.091% | $35K | $2.2M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.1002 | −0.020% | $2K | $4.0M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.1002 | +0.005% | $6.0M | $58.0M | 75x | as long as short |
| Phemex DOGEUSDT | +0.0100% | 8h | 0.1002 | −0.030% | $92.1M | $17.0M | 50x | as long as short |
| Paradex DOGE-USD-PERP | +0.0101% | 8h | 0.1004 | +0.121% | $18K | $7K | 30x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.1001 | −0.080% | $499K | $4.1M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.1002 | −0.050% | $19K | — | 3x | as long as short |
| Reya DOGERUSDPERP | +0.0189% | 1h | 0.1004 | +0.162% | $2K | — | 20x | as long as short |
| 01 Exchange DOGEUSD | +0.0200% | 1h | 0.1004 | +0.148% | $535 | $4K | 10x | as long as short |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.1005 | +0.229% | $15.7M | $25.5M | 75x | as long as short |
| Phoenix DOGE | +0.0242% | 1h | 0.1004 | +0.143% | $65K | $288K | 10x | as long as short |
| GMX DOGE/USD [ETH-USDC] | L +0.0247% / S −0.0269% | 1h | 0.1002 | −0.022% | $314K | — | 200x | as long as short |
| Hyperliquid DOGE | +0.0283% | 1h | 0.1003 | +0.050% | $122.0M | $101.0M | 10x | as long as short |
| Coinbase International DOGE-PERP-INTXlong | +0.0296% | 1h | 0.1002 | long leg | $2.3M | $27.2M | 50x | |
| Arcus DOGE-USD | +0.0690% | 1h | 0.1004 | +0.219% | $110K | $199K | 10x | as long as short |
| RISEx DOGE/USDC | +0.0695% | 1h | 0.1004 | +0.189% | $406K | $414K | 10x | as long as short |
| Injective DOGE/USDC PERP | +0.1004% | 1h | 0.1007 | +0.469% | $5K | $239K | 12x | as long as short |
Pacifica DOGE
Binance DOGEUSDT
Bybit DOGEUSDT
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
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
Reya DOGERUSDPERP
01 Exchange DOGEUSD
BloFin DOGE-USDT
Phoenix DOGE
GMX DOGE/USD [ETH-USDC]
Hyperliquid DOGE
Arcus DOGE-USD
RISEx DOGE/USDC
Injective DOGE/USDC PERP