Funding you earn now, next payment 22:00 UTC−0.0116%/8h= −12.7% APRnext payment −$0.14 per $10,000 · paid last 24h −0.017%
Price spread now: Polymarket Perps against Coinbase International−0.070%7-day average −0.039% · you buy dearer than you sell
Net, funding: paid 7d − costs−$62as in the Funding arb table
Net, price: spread back to 7d avg − costs−$38as in the Price arb table
costs, in and out, $10k−$350.348% of the position
Funding, last 7 days−0.272%−$27 on $10k
+Price spread, last 3 days (all we have)+0.055%+$5 · spread now −0.070%, 7d avg −0.039%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Polymarket Perps is 0.031% 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 −0.039%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International DOGE-PERP-INTX | 0.1007 | 0.0216 | pay 0.0027% / 1h | 22m 17s | $2.0M | $23.7M | 50x |
| Short | Polymarket Perps DOGE-USD | 0.1006 | 0.0100 | get 0.0013% / 1h | 22m 17s | $268K | $540K | 10x |
Coinbase International DOGE-PERP-INTX
Polymarket Perps DOGE-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket Perps 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
- −$24.36
- Price spread: −0.070% → −0.039%
- −$3.07
- Slippage, 4 orders
- −$16.84
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$62.26
- Costs to cover
- 0.348%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 2 min ago; Polymarket Perps: live order book, 60 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, 2 min ago | 2.49 bp | 8.6 bp −$9 | 15.0 bp −$150 | 45.5 bp −$4,554 | doesn't fit |
| Sell Polymarket Perps live order book, 60 min ago | 2.65 bp | 7.8 bp −$8 | 8.0 bp −$80 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget DOGEUSDT | −0.0264% | 8h | 0.1007 | −0.020% | $153.7M | $266.3M | 75x | as long as short |
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.1007 | −0.025% | $419K | $4.7M | 2.8x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S −0.0001% | 1h | 0.1007 | +0.011% | $32K | — | 150x | as long as short |
| dYdX DOGE-USD | +0.0011% | 1h | 0.1006 | −0.107% | $226K | $44K | 10x | as long as short |
| Phoenix DOGE | +0.0081% | 1h | 0.1007 | +0.018% | $66K | $222K | 10x | as long as short |
| Gate DOGE_USDT | +0.0092% | 8h | 0.1007 | −0.030% | $242.4M | $124.2M | 75x | as long as short |
| Lighter DOGE | +0.0096% | 1h | 0.1008 | +0.115% | $794K | $5.4M | 15x | as long as short |
| Katana Perps DOGE-USD | +0.0097% | 8h | 0.1006 | −0.070% | $840 | $371K | 10x | as long as short |
| Nado DOGE-PERP | +0.0100% | 1h | 0.1007 | −0.025% | $580K | $856K | 10x | as long as short |
| Aster DOGEUSDT | +0.0100% | 8h | 0.1007 | +0.027% | $5.0M | $43.7M | 75x | as long as short |
Bitget DOGEUSDT
Kalshi KXDOGEPERP
gTrade (Gains Network) DOGE/USD
dYdX DOGE-USD
Phoenix DOGE
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 | 0.1006 | −0.048% | $336K | $508K | 20x | as long as short |
| Binance DOGEUSDT | +0.0100% | 8h | 0.1008 | +0.075% | $320.9M | $1.32B | 75x | as long as short |
| Bybit DOGEUSDT | +0.0100% | 8h | 0.1008 | +0.109% | $159.9M | $420.9M | 75x | as long as short |
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.1008 | +0.139% | $109.9M | $934.6M | 50x | as long as short |
| Arcus DOGE-USD | +0.0100% | 1h | 0.1007 | +0.050% | $28K | $76K | 10x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.09966 | −1.016% | $382K | $14K | 10x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.1008 | +0.089% | $111.5M | $217.4M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.1007 | +0.050% | $66.2M | $41.0M | 75x | as long as short |
| BingX DOGE-USDT | +0.0100% | 8h | 0.1007 | +0.030% | — | $74.7M | — | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.1001 | −0.574% | $1.0M | $8.1M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.1002 | −0.464% | $275K | $116.1M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.1003 | −0.339% | $634K | $4.6M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.1002 | −0.477% | $146K | $244K | 25x | as long as short |
| Polymarket Perps DOGE-USDshort | +0.0100% | 1h | 0.1006 | −0.070% | $268K | $540K | 10x | |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.1007 | +0.030% | $73K | $432K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.1007 | +0.025% | $25K | $1K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.1007 | +0.048% | $35K | $2.2M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.1007 | +0.060% | $2K | $3.6M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.1007 | −0.004% | $6.0M | $50.3M | 75x | as long as short |
| Phemex DOGEUSDT | +0.0100% | 8h | 0.1007 | +0.060% | $93.3M | $19.2M | 50x | as long as short |
| Paradex DOGE-USD-PERP | +0.0101% | 8h | 0.1006 | −0.074% | $18K | $5K | 30x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.1007 | +0.040% | $556K | $3.6M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.1008 | +0.074% | $19K | — | 3x | as long as short |
| Deribit DOGE_USDC-PERPETUAL | +0.0137% | 1h | 0.1008 | +0.093% | $610K | $109K | 25x | as long as short |
| Reya DOGERUSDPERP | +0.0177% | 1h | 0.1006 | −0.049% | $2K | — | 20x | as long as short |
| 01 Exchange DOGEUSD | +0.0184% | 1h | 0.1007 | +0.020% | $532 | $4K | 10x | as long as short |
| Coinbase International DOGE-PERP-INTXlong | +0.0216% | 1h | 0.1007 | long leg | $2.0M | $23.7M | 50x | |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.1006 | −0.070% | $15.4M | $25.0M | 75x | as long as short |
| GMX DOGE/USD [ETH-USDC] | L +0.0246% / S −0.0270% | 1h | 0.1007 | −0.022% | $315K | — | 200x | as long as short |
| Kraken Futures PF_DOGEUSD | +0.0362% | 1h | 0.1007 | +0.061% | $6.0M | $32.8M | 50x | as long as short |
| Backpack DOGE_USDC_PERP | +0.0412% | 1h | 0.1006 | −0.050% | $538K | $956K | 15x | as long as short |
| Hyperliquid DOGE | +0.0441% | 1h | 0.1008 | +0.089% | $111.6M | $82.8M | 10x | as long as short |
| RISEx DOGE/USDC | +0.0702% | 1h | 0.1007 | +0.063% | $316K | $476K | 10x | as long as short |
| Injective DOGE/USDC PERP | +0.0966% | 1h | 0.1009 | +0.219% | $5K | $207K | 12x | as long as short |
Pacifica DOGE
Binance DOGEUSDT
Bybit 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
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
Deribit DOGE_USDC-PERPETUAL
Reya DOGERUSDPERP
01 Exchange DOGEUSD
BloFin DOGE-USDT
GMX DOGE/USD [ETH-USDC]
Kraken Futures PF_DOGEUSD
Backpack DOGE_USDC_PERP
Hyperliquid DOGE
RISEx DOGE/USDC
Injective DOGE/USDC PERP