Funding you earn now, next payment 00:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.033%
Price spread now: OKX against Deribit+0.221%46s7-day average −0.025% · you sell dearer than you buy
Net, funding: paid 7d − costs−$14as 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−$300.295% of the position
Funding, last 7 days+0.154%+$15 on $10k
+Price spread, last 3 days (all we have)−0.223%−$22 · spread now +0.221%, 7d avg −0.025%
=Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and OKX is 0.246% dearer against Deribit than usual: you sell high and buy low: +$25 more if the spread goes back to its 7-day average of −0.025%. The two prices were read 46 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 | 0.1013 | 0 | get 0.0000% / 1h | 50m 33s | $609K | $109K | 25x |
| Short | OKX DOGE-USDT-SWAP | 0.1015 | 0.0100 | get 0.0100% / 8h | 50m 33s | $111.0M | $949.9M | 50x |
Deribit DOGE_USDC-PERPETUAL
OKX DOGE-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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: +0.221% → −0.025%
- $24.58
- Slippage, 4 orders
- −$12.54
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- $16.04
- Costs to cover
- 0.295%
- Break-even
- 1.7 days
Slippage from Deribit: live order book, 28 min ago; OKX: live order book, 4 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, 28 min ago | 4.98 bp | 8.5 bp −$8 | 14.4 bp −$144 | doesn't fit | doesn't fit |
| Sell OKX live order book, 4 min ago | 0.50 bp | 5.9 bp −$6 | 7.8 bp −$78 | 17.5 bp −$1,753 | 40.1 bp −$20.0K |
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 | −0.0247% | 8h | 0.1014 | +0.113% | $154.7M | $267.7M | 75x | as long as short |
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.1014 | +0.122% | $422K | $4.7M | 2.8x | as long as short |
| Deribit DOGE_USDC-PERPETUALlong | 0.0000% | 1h | 0.1013 | long leg | $609K | $109K | 25x | |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S −0.0001% | 1h | 0.1012 | −0.021% | $33K | — | 150x | as long as short |
| Gate DOGE_USDT | +0.0086% | 8h | 0.1013 | +0.063% | $244.8M | $125.3M | 75x | as long as short |
| Lighter DOGE | +0.0096% | 1h | 0.1015 | +0.262% | $807K | $5.4M | 15x | as long as short |
| Katana Perps DOGE-USD | +0.0097% | 8h | 0.1014 | +0.142% | $1K | $378K | 10x | as long as short |
| Aster DOGEUSDT | +0.0100% | 8h | 0.1014 | +0.160% | $5.1M | $44.6M | 75x | as long as short |
| Pacifica DOGE | +0.0100% | 1h | 0.1015 | +0.261% | $338K | $504K | 20x | as long as short |
| Binance DOGEUSDT | +0.0100% | 8h | 0.1015 | +0.201% | $323.8M | $1.34B | 75x | as long as short |
Bitget DOGEUSDT
Kalshi KXDOGEPERP
gTrade (Gains Network) DOGE/USD
Gate DOGE_USDT
Lighter DOGE
Katana Perps DOGE-USD
Aster DOGEUSDT
Pacifica DOGE
Binance DOGEUSDTShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit DOGEUSDT | +0.0100% | 8h | 0.1014 | +0.182% | $160.4M | $427.7M | 75x | as long as short |
| OKX DOGE-USDT-SWAPshort | +0.0100% | 8h | 0.1015 | +0.221% | $111.0M | $949.9M | 50x | |
| Arcus DOGE-USD | +0.0100% | 1h | 0.1015 | +0.201% | $31K | $80K | 10x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.1015 | +0.192% | $389K | $12K | 10x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.1013 | +0.093% | $114.4M | $218.6M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.1013 | +0.093% | $66.7M | $41.5M | 75x | as long as short |
| BingX DOGE-USDC | +0.0100% | 8h | 0.1014 | +0.182% | — | $3.4M | — | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.1006 | −0.617% | $1.0M | $8.1M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.1011 | −0.126% | $279K | $117.2M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.1012 | −0.065% | $644K | $4.5M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.1014 | +0.142% | $149K | $248K | 25x | as long as short |
| Nado DOGE-PERP | +0.0100% | 1h | 0.1014 | +0.118% | $604K | $893K | 10x | as long as short |
| Polymarket Perps DOGE-USD | +0.0100% | 1h | 0.1014 | +0.132% | $265K | $551K | 10x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.1012 | −0.016% | $74K | $433K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.1012 | −0.025% | $25K | $1K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.1013 | +0.076% | $36K | $2.2M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.1013 | −0.006% | $2K | $3.6M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.1013 | +0.065% | $6.1M | $51.0M | 75x | as long as short |
| Phemex DOGEUSDT | +0.0100% | 8h | 0.1012 | −0.095% | $93.6M | $19.2M | 50x | as long as short |
| Paradex DOGE-USD-PERP | +0.0100% | 8h | 0.1015 | +0.214% | $18K | $5K | 30x | as long as short |
| Kraken Futures PF_DOGEUSD | +0.0103% | 1h | 0.1012 | −0.053% | $6.0M | $33.0M | 50x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.1013 | +0.059% | $567K | $3.7M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.1013 | −0.001% | $19K | — | 3x | as long as short |
| dYdX DOGE-USD | +0.0139% | 1h | 0.1014 | +0.134% | $228K | $44K | 10x | as long as short |
| Reya DOGERUSDPERP | +0.0178% | 1h | 0.1014 | +0.138% | $2K | — | 20x | as long as short |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.1012 | −0.065% | $15.3M | $25.4M | 75x | as long as short |
| Phoenix DOGE | +0.0239% | 1h | 0.1013 | +0.040% | $67K | $281K | 10x | as long as short |
| 01 Exchange DOGEUSD | +0.0240% | 1h | 0.1015 | +0.199% | $536 | $4K | 10x | as long as short |
| Coinbase International DOGE-PERP-INTX | +0.0240% | 1h | 0.1012 | −0.036% | $2.0M | $24.1M | 50x | as long as short |
| GMX DOGE/USD [ETH-USDC] | L +0.0245% / S −0.0267% | 1h | 0.1012 | −0.019% | $315K | — | 200x | as long as short |
| Backpack DOGE_USDC_PERP | +0.0455% | 1h | 0.1012 | −0.045% | $541K | $960K | 15x | as long as short |
| RISEx DOGE/USDC | +0.0708% | 1h | 0.1015 | +0.222% | $318K | $475K | 10x | as long as short |
| Hyperliquid DOGE | +0.0918% | 1h | 0.1016 | +0.320% | $116.6M | $86.3M | 10x | as long as short |
| Injective DOGE/USDC PERP | +0.1039% | 1h | 0.1014 | +0.142% | $5K | $239K | 12x | as long as short |
Bybit DOGEUSDT
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
Nado DOGE-PERP
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
Kraken Futures PF_DOGEUSD
Extended DOGE-USD
Aevo DOGE-PERP
dYdX DOGE-USD
Reya DOGERUSDPERP
BloFin DOGE-USDT
Phoenix DOGE
01 Exchange DOGEUSD
Coinbase International DOGE-PERP-INTX
GMX DOGE/USD [ETH-USDC]
Backpack DOGE_USDC_PERP
RISEx DOGE/USDC
Hyperliquid DOGE
Injective DOGE/USDC PERP