Funding you earn now, next payment 22:00 UTC+0.0047%/8h= +5.1% APRpaid last 24h +0.033%
Price spread now: Bybit against Deribit+0.014%7-day average −0.017% · you sell dearer than you buy
Net, funding: paid 7d − costs−$21as in the Funding arb table
Net, price: spread back to 7d avg − costs−$29as in the Price arb table
costs, in and out, $10k−$320.317% of the position
Funding, last 7 days+0.107%+$11 on $10k
+Price spread, last 3 days (all we have)−0.029%−$3 · spread now +0.014%, 7d avg −0.017%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Bybit is 0.031% dearer against Deribit than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.017%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit DOGE_USDC-PERPETUAL | 0.09897 | 0.0053 | pay 0.0007% / 1h | 47m 11s | $619K | $88K | 25x |
| Short | Bybit DOGEUSDT | 0.09898 | 0.0100 | get 0.0100% / 8h | 2h 47m | $154.3M | $393.4M | 75x |
Deribit DOGE_USDC-PERPETUAL
Bybit DOGEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Deribit. 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
- $9.87
- Price spread: +0.014% → −0.017%
- $3.08
- Slippage, 4 orders
- −$13.65
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$18.7
- Costs to cover
- 0.317%
- Break-even
- 20.3 days
Slippage from Deribit: live order book, 41 min ago; Bybit: live order book, 2 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 Deribit live order book, 41 min ago | 3.01 bp | 11.5 bp −$11 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 2 min ago | 0.51 bp | 6.7 bp −$7 | 8.7 bp −$87 | 21.9 bp −$2,187 | 42.6 bp −$21.3K |
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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget DOGEUSDT | −0.0279% | 8h | 0.09892 | −0.046% | $151.9M | $259.4M | 75x | as long as short |
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.09886 | −0.109% | $349K | $4.2M | 2.8x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S −0.0001% | 1h | 0.09894 | −0.030% | $31K | — | 150x | as long as short |
| dYdX DOGE-USD | +0.0049% | 1h | 0.09879 | −0.178% | $222K | $44K | 10x | as long as short |
| Deribit DOGE_USDC-PERPETUALlong | +0.0053% | 1h | 0.09897 | long leg | $619K | $88K | 25x | |
| Gate DOGE_USDT | +0.0064% | 8h | 0.09898 | +0.014% | $235.3M | $118.3M | 75x | as long as short |
| Phoenix DOGE | +0.0080% | 1h | 0.09885 | −0.112% | $15K | $225K | 10x | as long as short |
| Katana Perps DOGE-USD | +0.0095% | 8h | 0.09879 | −0.178% | $2K | $334K | 10x | as long as short |
| Lighter DOGE | +0.0096% | 1h | 0.09891 | −0.055% | $797K | $5.0M | 15x | as long as short |
| Nado DOGE-PERP | +0.0100% | 1h | 0.09883 | −0.137% | $627K | $693K | 10x | as long as short |
Bitget DOGEUSDT
Kalshi KXDOGEPERP
gTrade (Gains Network) DOGE/USD
dYdX DOGE-USD
Gate DOGE_USDT
Phoenix DOGE
Katana Perps DOGE-USD
Lighter DOGE
Nado DOGE-PERPShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster DOGEUSDT | +0.0100% | 8h | 0.09894 | −0.029% | $4.8M | $40.2M | 75x | as long as short |
| Pacifica DOGE | +0.0100% | 1h | 0.09884 | −0.127% | $337K | $503K | 20x | as long as short |
| Binance DOGEUSDT | +0.0100% | 8h | 0.09886 | −0.102% | $316.7M | $1.25B | 75x | as long as short |
| Bybit DOGEUSDTshort | +0.0100% | 8h | 0.09898 | +0.014% | $154.3M | $393.4M | 75x | |
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.09902 | +0.055% | $107.5M | $883.7M | 50x | as long as short |
| Arcus DOGE-USD | +0.0100% | 1h | 0.09890 | −0.067% | $28K | $75K | 10x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.09895 | −0.016% | $379K | $19K | 10x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.09902 | +0.055% | $112.2M | $209.9M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.09899 | +0.024% | $65.3M | $38.8M | 75x | as long as short |
| BingX DOGE-USDC | +0.0100% | 8h | 0.09901 | +0.044% | — | $3.4M | — | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.09879 | −0.182% | $1.1M | $7.6M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.09886 | −0.111% | $263K | $110.6M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.09884 | −0.123% | $622K | $4.7M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.09880 | −0.168% | $141K | $222K | 25x | as long as short |
| Polymarket Perps DOGE-USD | +0.0100% | 1h | 0.09890 | −0.067% | $274K | $545K | 10x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.09894 | −0.026% | $72K | $363K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.09891 | −0.061% | $24K | $1K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.09890 | −0.063% | $35K | $2.1M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.09889 | −0.077% | $2K | $3.3M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.09891 | −0.062% | $6.0M | $46.2M | 75x | as long as short |
| Phemex DOGEUSDT | +0.0100% | 8h | 0.09887 | −0.097% | $91.8M | $18.9M | 50x | as long as short |
| Backpack DOGE_USDC_PERP | +0.0100% | 1h | 0.09904 | +0.075% | $524K | $854K | 15x | as long as short |
| Paradex DOGE-USD-PERP | +0.0100% | 8h | 0.09884 | −0.129% | $19K | $3K | 30x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.09891 | −0.055% | $542K | $3.5M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.09893 | −0.033% | $19K | — | 3x | as long as short |
| Reya DOGERUSDPERP | +0.0173% | 1h | 0.09895 | −0.015% | $2K | — | 20x | as long as short |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.09888 | −0.087% | $15.3M | $23.6M | 75x | as long as short |
| Coinbase International DOGE-PERP-INTX | +0.0224% | 1h | 0.09895 | −0.016% | $2.0M | $22.1M | 50x | as long as short |
| GMX DOGE/USD [ETH-USDC] | L +0.0243% / S −0.0263% | 1h | 0.09893 | −0.038% | $305K | — | 200x | as long as short |
| Kraken Futures PF_DOGEUSD | +0.0289% | 1h | 0.09892 | −0.042% | $6.8M | $30.3M | 50x | as long as short |
| 01 Exchange DOGEUSD | +0.0328% | 1h | 0.09886 | −0.111% | $522 | $4K | 10x | as long as short |
| Hyperliquid DOGE | +0.0530% | 1h | 0.09910 | +0.139% | $110.9M | $77.5M | 10x | as long as short |
| RISEx DOGE/USDC | +0.0536% | 1h | 0.09888 | −0.087% | $311K | $469K | 10x | as long as short |
| Injective DOGE/USDC PERP | +0.1013% | 1h | 0.09910 | +0.135% | $5K | $153K | 12x | as long as short |
Aster DOGEUSDT
Pacifica DOGE
Binance DOGEUSDT
OKX DOGE-USDT-SWAP
Arcus DOGE-USD
Bulk DOGE-USD
MEXC DOGE_USDT
KuCoin DOGEUSDTM
BingX DOGE-USDC
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
Backpack DOGE_USDC_PERP
Paradex DOGE-USD-PERP
Extended DOGE-USD
Aevo DOGE-PERP
Reya DOGERUSDPERP
BloFin DOGE-USDT
Coinbase International DOGE-PERP-INTX
GMX DOGE/USD [ETH-USDC]
Kraken Futures PF_DOGEUSD
01 Exchange DOGEUSD
Hyperliquid DOGE
RISEx DOGE/USDC
Injective DOGE/USDC PERP