Funding you earn now, next payment 00:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.013%
Price spread now: GRVT against Deribit+0.193%45s7-day average −0.041% · you sell dearer than you buy
Net, funding: paid 7d − costs−$18as 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−$370.372% of the position
Funding, last 7 days+0.193%+$19 on $10k
+Price spread, last 3 days (all we have)−0.258%−$26 · spread now +0.193%, 7d avg −0.041%
=Together, before fees−0.064%+ Points / potential airdropGRVT: Active · farm board−$6 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and GRVT is 0.234% dearer against Deribit than usual: you sell high and buy low: +$23 more if the spread goes back to its 7-day average of −0.041%. The two prices were read 45 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit DOGE_USDC-PERPETUAL | 0.09902 | 0 | get 0.0000% / 1h | 5m 33s | $596K | $121K | 25x |
| Short | GRVT DOGE_USDT_Perp | 0.09921 | 0.0100 | get 0.0100% / 8h | 5m 33s | $634K | $4.6M | 10x |
Deribit DOGE_USDC-PERPETUAL
GRVT DOGE_USDT_PerpFunding history
latest
Range statsloading…
Price spread between the two exchanges
GRVT 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
- $21
- Price spread: +0.193% → −0.041%
- $23.36
- Slippage, 4 orders
- −$21.15
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- $7.21
- Costs to cover
- 0.372%
- Break-even
- 4.6 days
Slippage from Deribit: live order book, 8 min ago; GRVT: live order book, 3 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, 8 min ago | 3.53 bp | 11.0 bp −$11 | 16.3 bp −$163 | doesn't fit | doesn't fit |
| Sell GRVT live order book, 3 min ago | 0.50 bp | 9.9 bp −$10 | 15.2 bp −$152 | 44.8 bp −$4,480 | 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 | −0.0214% | 8h | 0.09907 | +0.052% | $151.3M | $270.3M | 75x | as long as short |
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.09908 | +0.060% | $393K | $4.8M | 2.8x | as long as short |
| Deribit DOGE_USDC-PERPETUALlong | 0.0000% | 1h | 0.09902 | long leg | $596K | $121K | 25x | |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S 0.0000% | 1h | 0.09911 | +0.095% | $24K | — | 150x | as long as short |
| Gate DOGE_USDT | +0.0069% | 8h | 0.09903 | +0.011% | $240.9M | $128.9M | 75x | as long as short |
| dYdX DOGE-USD | +0.0070% | 1h | 0.09904 | +0.017% | $222K | $44K | 10x | as long as short |
| Lighter DOGE | +0.0096% | 1h | 0.09907 | +0.049% | $782K | $5.6M | 15x | as long as short |
| Katana Perps DOGE-USD | +0.0098% | 8h | 0.09914 | +0.122% | $958 | $394K | 10x | as long as short |
| Nado DOGE-PERP | +0.0100% | 1h | 0.09912 | +0.102% | $508K | $976K | 10x | as long as short |
| Aster DOGEUSDT | +0.0100% | 8h | 0.09904 | +0.024% | $4.8M | $46.0M | 75x | as long as short |
Bitget DOGEUSDT
Kalshi KXDOGEPERP
gTrade (Gains Network) DOGE/USD
Gate DOGE_USDT
dYdX DOGE-USD
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 | 0.09906 | +0.039% | $330K | $511K | 20x | as long as short |
| Binance DOGEUSDT | +0.0100% | 8h | 0.09913 | +0.112% | $314.4M | $1.38B | 75x | as long as short |
| Bybit DOGEUSDT | +0.0100% | 8h | 0.09912 | +0.102% | $155.9M | $434.4M | 75x | as long as short |
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.09916 | +0.142% | $109.0M | $948.8M | 50x | as long as short |
| Arcus DOGE-USD | +0.0100% | 1h | 0.09920 | +0.183% | $28K | $82K | 10x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.09912 | +0.102% | $110.7M | $223.1M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.09916 | +0.142% | $65.5M | $42.1M | 75x | as long as short |
| BingX DOGE-USDC | +0.0100% | 8h | 0.09907 | +0.052% | — | $3.4M | — | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.09893 | −0.088% | $994K | $8.1M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.09911 | +0.090% | $256K | $120.7M | 20x | as long as short |
| GRVT DOGE_USDT_Perpshort | +0.0100% | 8h | 0.09921 | +0.193% | $634K | $4.6M | 10x | |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.09900 | −0.019% | $145K | $252K | 25x | as long as short |
| Polymarket Perps DOGE-USD | +0.0100% | 1h | 0.09908 | +0.061% | $255K | $556K | 10x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.09899 | −0.029% | $72K | $446K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.09898 | −0.039% | $24K | $1K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.09900 | −0.014% | $35K | $2.2M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.09904 | +0.021% | $2K | $3.6M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.09897 | −0.048% | $5.9M | $52.1M | 75x | as long as short |
| Phemex DOGEUSDT | +0.0100% | 8h | 0.09911 | +0.092% | $91.6M | $19.2M | 50x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.09909 | +0.071% | $380K | $12K | 10x | as long as short |
| Paradex DOGE-USD-PERP | +0.0100% | 8h | 0.09905 | +0.032% | $18K | $5K | 30x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.09908 | +0.057% | $520K | $3.7M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.09900 | −0.017% | $19K | — | 3x | as long as short |
| Kraken Futures PF_DOGEUSD | +0.0106% | 1h | 0.09906 | +0.041% | $5.9M | $33.6M | 50x | as long as short |
| Reya DOGERUSDPERP | +0.0180% | 1h | 0.09912 | +0.107% | $2K | — | 20x | as long as short |
| 01 Exchange DOGEUSD | +0.0216% | 1h | 0.09919 | +0.169% | $524 | $4K | 10x | as long as short |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.09910 | +0.082% | $15.2M | $25.2M | 75x | as long as short |
| Phoenix DOGE | +0.0239% | 1h | 0.09916 | +0.144% | $66K | $281K | 10x | as long as short |
| Coinbase International DOGE-PERP-INTX | +0.0240% | 1h | 0.09907 | +0.052% | $2.0M | $24.1M | 50x | as long as short |
| GMX DOGE/USD [ETH-USDC] | L +0.0243% / S −0.0262% | 1h | 0.09895 | −0.066% | $304K | — | 200x | as long as short |
| Backpack DOGE_USDC_PERP | +0.0309% | 1h | 0.09914 | +0.122% | $383K | $1.1M | 15x | as long as short |
| RISEx DOGE/USDC | +0.0708% | 1h | 0.09920 | +0.183% | $313K | $477K | 10x | as long as short |
| Hyperliquid DOGE | +0.0819% | 1h | 0.09926 | +0.242% | $116.0M | $90.3M | 10x | as long as short |
| Injective DOGE/USDC PERP | +0.1039% | 1h | 0.09930 | +0.284% | $5K | $239K | 12x | as long as short |
Pacifica DOGE
Binance DOGEUSDT
Bybit DOGEUSDT
OKX DOGE-USDT-SWAP
Arcus DOGE-USD
MEXC DOGE_USDT
KuCoin DOGEUSDTM
BingX DOGE-USDC
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
Bulk DOGE-USD
Paradex DOGE-USD-PERP
Extended DOGE-USD
Aevo DOGE-PERP
Kraken Futures PF_DOGEUSD
Reya DOGERUSDPERP
01 Exchange DOGEUSD
BloFin DOGE-USDT
Phoenix DOGE
Coinbase International DOGE-PERP-INTX
GMX DOGE/USD [ETH-USDC]
Backpack DOGE_USDC_PERP
RISEx DOGE/USDC
Hyperliquid DOGE
Injective DOGE/USDC PERP