Funding you earn now, next payment 09:00 UTC−0.0156%/8h= −17.1% APRnext payment −$0.20 per $10,000 · paid last 24h +0.011%
Price spread now: Polymarket Perps against Deribit+0.121%48s7-day average −0.027% · you sell dearer than you buy
Net, funding: paid 7d − costs−$59as 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−$420.416% of the position
Funding, last 7 days−0.173%−$17 on $10k
+Price spread, last 4 days (all we have)−0.137%−$14 · spread now +0.121%, 7d avg −0.027%
=The price spread pays, funding is against you. Polymarket Perps is 0.148% dearer against Deribit than usual: you sell high and buy low (spread +0.121% now, against its 7-day average of −0.027%): +$15 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 3.2 days. The two prices were read 48 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 | 0.09878 | 0.0256 | pay 0.0032% / 1h | 22m 35s | $557K | $302K | 25x |
| Short | Polymarket Perps DOGE-USD | 0.09891 | 0.0100 | get 0.0013% / 1h | 22m 35s | $257K | $1.2M | 10x |
Deribit DOGE_USDC-PERPETUAL
Polymarket Perps DOGE-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket Perps 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
- −$32.76
- Price spread: +0.121% → −0.027%
- $14.83
- Slippage, 4 orders
- −$26.58
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$59.51
- Costs to cover
- 0.416%
- Break-even
- never at this rate
Slippage from Deribit: live order book, 11 min ago; Polymarket Perps: live order book, 41 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, 11 min ago | 3.56 bp | 17.8 bp −$18 | 22.3 bp −$223 | doesn't fit | doesn't fit |
| Sell Polymarket Perps live order book, 41 min ago | 2.88 bp | 6.9 bp −$7 | 7.2 bp −$72 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_DOGEUSD | −0.0096% | 1h | 0.09880 | +0.014% | $5.5M | $40.8M | 50x | as long as short |
| Bitget DOGEUSDT | −0.0014% | 8h | 0.09885 | +0.066% | $140.0M | $347.1M | 75x | as long as short |
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.09858 | −0.202% | $523K | $6.6M | 2.8x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S 0.0000% | 1h | 0.09869 | −0.101% | $33K | — | 150x | as long as short |
| Injective DOGE/USDC PERP | +0.0033% | 1h | 0.1053 | +6.595% | $6K | $242K | 12x | as long as short |
| Gate DOGE_USDT | +0.0055% | 8h | 0.09887 | +0.086% | $249.9M | $155.1M | 75x | as long as short |
| Phoenix DOGE | +0.0081% | 1h | 0.09822 | −0.575% | $18K | $386K | 10x | as long as short |
| Lighter DOGE | +0.0096% | 1h | 0.09900 | +0.220% | $826K | $6.8M | 15x | as long as short |
| Katana Perps DOGE-USD | +0.0100% | 8h | 0.09886 | +0.076% | $826 | $545K | 10x | as long as short |
| Nado DOGE-PERP | +0.0100% | 1h | 0.09891 | +0.132% | $510K | $1.1M | 10x | as long as short |
Kraken Futures PF_DOGEUSD
Bitget DOGEUSDT
Kalshi KXDOGEPERP
gTrade (Gains Network) DOGE/USD
Injective DOGE/USDC PERP
Gate DOGE_USDT
Phoenix DOGE
Lighter DOGE
Katana Perps DOGE-USD
Nado DOGE-PERPShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid DOGE | +0.0100% | 1h | 0.09901 | +0.226% | $123.4M | $116.2M | 10x | as long as short |
| Aster DOGEUSDT | +0.0100% | 8h | 0.09892 | +0.137% | $4.9M | $58.9M | 75x | as long as short |
| Pacifica DOGE | +0.0100% | 1h | 0.09889 | +0.107% | $321K | $481K | 20x | as long as short |
| Binance DOGEUSDT | +0.0100% | 8h | 0.09890 | +0.116% | $326.3M | $1.71B | 75x | as long as short |
| Bybit DOGEUSDT | +0.0100% | 8h | 0.09887 | +0.086% | $164.3M | $522.0M | 75x | as long as short |
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.09892 | +0.137% | $114.6M | $1.19B | 50x | as long as short |
| Arcus DOGE-USD | +0.0100% | 1h | 0.09896 | +0.177% | $16K | $306K | 10x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.09784 | −0.955% | $374K | $2K | 10x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.09889 | +0.106% | $115.0M | $262.0M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.09891 | +0.127% | $65.7M | $49.2M | 75x | as long as short |
| BingX DOGE-USDC | +0.0100% | 8h | 0.09886 | +0.076% | — | $3.5M | — | as long as short |
| Backpack DOGE_USDC_PERP | +0.0100% | 1h | 0.09879 | +0.005% | $302K | $1.3M | 15x | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.09791 | −0.885% | $1.0M | $8.4M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.09813 | −0.665% | $261K | $139.2M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.09813 | −0.665% | $627K | $4.2M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.09820 | −0.592% | $140K | $348K | 25x | as long as short |
| Polymarket Perps DOGE-USDshort | +0.0100% | 1h | 0.09891 | +0.121% | $257K | $1.2M | 10x | |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.09873 | −0.056% | $70K | $465K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.09809 | −0.707% | $18K | $7K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.09879 | +0.009% | $35K | $2.2M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.09879 | +0.005% | $2K | $5.4M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.09880 | +0.013% | $5.9M | $69.3M | 75x | as long as short |
| Phemex DOGEUSDT | +0.0100% | 8h | 0.09876 | −0.025% | $90.2M | $16.5M | 50x | as long as short |
| Paradex DOGE-USD-PERP | +0.0100% | 8h | 0.09891 | +0.126% | $18K | $5K | 30x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.09888 | +0.095% | $478K | $4.1M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.09875 | −0.039% | $19K | — | 3x | as long as short |
| Reya DOGERUSDPERP | +0.0202% | 1h | 0.09890 | +0.120% | $2K | — | 20x | as long as short |
| Coinbase International DOGE-PERP-INTX | +0.0208% | 1h | 0.09877 | −0.015% | $1.9M | $34.8M | 50x | as long as short |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.09875 | −0.035% | $15.5M | $26.9M | 75x | as long as short |
| 01 Exchange DOGEUSD | +0.0232% | 1h | 0.09895 | +0.165% | $455 | $4K | 10x | as long as short |
| GMX DOGE/USD [ETH-USDC] | L +0.0251% / S −0.0267% | 1h | 0.09873 | −0.059% | $329K | — | 200x | as long as short |
| Deribit DOGE_USDC-PERPETUALlong | +0.0256% | 1h | 0.09878 | long leg | $557K | $302K | 25x | |
| dYdX DOGE-USD | +0.0450% | 1h | 0.09889 | +0.110% | $232K | $74K | 10x | as long as short |
| RISEx DOGE/USDC | +0.0717% | 1h | 0.09899 | +0.211% | $398K | $449K | 10x | as long as short |
Hyperliquid DOGE
Aster DOGEUSDT
Pacifica DOGE
Binance DOGEUSDT
Bybit DOGEUSDT
OKX DOGE-USDT-SWAP
Arcus DOGE-USD
Bulk DOGE-USD
MEXC DOGE_USDT
KuCoin DOGEUSDTM
BingX DOGE-USDC
Backpack DOGE_USDC_PERP
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
Reya DOGERUSDPERP
Coinbase International DOGE-PERP-INTX
BloFin DOGE-USDT
01 Exchange DOGEUSD
GMX DOGE/USD [ETH-USDC]
dYdX DOGE-USD
RISEx DOGE/USDC