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Funding arb · Price arb /

DOGE

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 09:00 UTC+0.0026%/8h= +2.8% APRpaid last 24h +0.015%
Price spread now: MEXC against Deribit−0.039%7-day average −0.005% · you buy dearer than you sell
Net, funding: paid 7d − costs−$6as in the Funding arb table
Net, price: spread back to 7d avg − costs−$23as in the Price arb table
costs, in and out, $10k−$200.201% of the position
Long on DeribitShort on MEXC
What this pair did over the last
the charts below follow
Funding, last 7 days+0.137%+$14 on $10k
Price spread, last 4 days (all we have)+0.033%+$3 · spread now −0.039%, 7d avg −0.005%
Together, before fees+0.170%+$17 on $10k · with fees, hour by hour
Funding pays, the price is against you. MEXC is 0.034% cheaper against Deribit than usual: you would sell low and buy high (spread −0.039% now, against its 7-day average of −0.005%). If the spread goes back, that is −$3 on $10k: about 4.4 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.137% in total) that is about 42 hours.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongDeribit DOGE_USDC-PERPETUAL0.098880.0074pay 0.0009% / 1h56m 07s$554K$281K25x
ShortMEXC DOGE_USDT0.098840.0100get 0.0100% / 8h7h 56m$117.4M$257.5M300x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

MEXC against Deribit. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$5.46
Price spread: −0.039% → −0.005%
−$3.45
Slippage, 4 orders
−$13.05
Fee Deribit: 3.5 bp × 2 orders
−$7
Fee MEXC: 0 bp × 2 orders
$0
Net
−$18.04
Costs to cover
0.201%
Break-even
30.1 days
Slippage from Deribit: live order book, 43 min ago; MEXC: live order book, 3 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Deribit live order book, 43 min ago4.54 bp10.0 bp −$1016.9 bp −$169doesn't fitdoesn't fit
Sell MEXC live order book, 3 min ago0.51 bp0.5 bp −$11.8 bp −$188.7 bp −$86642.7 bp −$21.4K

DOGE on 44 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_DOGEUSD−0.0096%1h0.09886−0.019%$5.5M$40.8M50xas long as short
Bitget DOGEUSDT−0.0007%8h0.09852−0.363%$139.8M$347.9M75xas long as short
dYdX DOGE-USD0.0000%1h0.09894+0.062%$222K$63K10xas long as short
Kalshi KXDOGEPERP0.0000%8h0.09902+0.143%$580K$6.6M2.8xas long as short
gTrade (Gains Network) DOGE/USDL +0.0001% / S 0.0000%1h0.09884−0.044%$35K—150xas long as short
Injective DOGE/USDC PERP+0.0033%1h0.1053+6.494%$6K$242K12xas long as short
Deribit DOGE_USDC-PERPETUALlong+0.0074%1h0.09888long leg$554K$281K25x
Lighter DOGE+0.0096%1h0.09894+0.065%$825K$6.8M15xas long as short
Katana Perps DOGE-USD+0.0100%8h0.09889+0.011%$1K$544K10xas long as short
Nado DOGE-PERP+0.0100%1h0.09886−0.014%$535K$1.1M10xas long as short
Show all 44 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hyperliquid DOGE+0.0100%1h0.09884−0.036%$123.3M$117.4M10xas long as short
Aster DOGEUSDT+0.0100%8h0.09871−0.172%$4.9M$59.6M75xas long as short
Pacifica DOGE+0.0100%1h0.09899+0.112%$321K$506K20xas long as short
Binance DOGEUSDT+0.0100%8h0.09869−0.189%$326.3M$1.72B75xas long as short
Bybit DOGEUSDT+0.0100%8h0.09860−0.282%$162.9M$523.9M75xas long as short
OKX DOGE-USDT-SWAP+0.0100%8h0.09860−0.282%$114.9M$1.19B50xas long as short
Arcus DOGE-USD+0.0100%1h0.09893+0.052%$16K$306K10xas long as short
Bulk DOGE-USD+0.0100%1h0.09885−0.029%$377K$16K10xas long as short
Gate DOGE_USDT+0.0100%8h0.09878−0.100%$249.9M$152.4M75xas long as short
MEXC DOGE_USDTshort+0.0100%8h0.09884−0.039%$117.4M$257.5M300x
KuCoin DOGEUSDTM+0.0100%8h0.09885−0.029%$66.2M$49.9M75xas long as short
BingX DOGE-USDT+0.0100%8h0.09882−0.060%—$53.7M—as long as short
Backpack DOGE_USDC_PERP+0.0100%1h0.09881−0.070%$301K$1.3M15xas long as short
Variational Omni DOGE+0.0100%8h0.09877−0.109%$1.0M$8.6M—as long as short
edgeX DOGEUSDC+0.0100%4h0.09873−0.149%$301K$139.1M20xas long as short
GRVT DOGE_USDT_Perp+0.0100%8h0.09865−0.231%$625K$4.4M10xas long as short
ApeX Omni DOGEUSDT+0.0100%1h0.09870−0.181%$141K$346K25xas long as short
Polymarket Perps DOGE-USD+0.0100%1h0.09890+0.023%$257K$1.2M10xas long as short
Orderly PERP_DOGE_USDC+0.0100%8h0.09886−0.019%$70K$473K50xas long as short
Derive DOGE-PERP+0.0100%1h0.09903+0.155%$18K$7K10xas long as short
SunX DOGE-USDT+0.0100%8h0.09891+0.032%$34K$2.3M30xas long as short
SoDEX DOGE-USD+0.0100%1h0.09885−0.029%$2K$5.5M10xas long as short
HTX DOGE-USDT+0.0100%8h0.09894+0.064%$5.9M$69.0M75xas long as short
Phemex DOGEUSDT+0.0100%8h0.09887−0.009%$90.4M$16.7M50xas long as short
Paradex DOGE-USD-PERP+0.0100%8h0.09893+0.047%$18K$5K30xas long as short
Extended DOGE-USD+0.0104%1h0.09880−0.076%$485K$4.1M50xas long as short
Aevo DOGE-PERP+0.0104%1h0.09887−0.012%$19K—3xas long as short
Phoenix DOGE+0.0160%1h0.09885−0.025%$18K$386K10xas long as short
Reya DOGERUSDPERP+0.0201%1h0.09882−0.056%$2K—20xas long as short
Coinbase International DOGE-PERP-INTX+0.0208%1h0.09889+0.011%$1.9M$34.9M50xas long as short
BloFin DOGE-USDT+0.0220%8h0.09899+0.112%$15.5M$26.8M75xas long as short
01 Exchange DOGEUSD+0.0232%1h0.09898+0.100%$440$4K10xas long as short
GMX DOGE/USD [ETH-USDC]L +0.0285% / S −0.0425%1h0.09882−0.055%$397K—200xas long as short
RISEx DOGE/USDC+0.0717%1h0.09899+0.112%$398K$455K10xas long as short