DOGE

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0151%/8h= +16.5% APRnext payment +$0.19 per $10,000 · paid last 24h +0.024%

Price spread now: Backpack against Derive−0.051%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Derive Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Backpack is 0.051% cheaper against Derive than usual: you would sell low and buy high (spread −0.051% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 27 hours of funding at the current rate (+$5 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Derive DOGE-PERP	0.09942	0.0100	pay 0.0013% / 1h	16m 45s	$24K	$1K	10x
Short	Backpack DOGE_USDC_PERP	0.09937	0.0251	get 0.0031% / 1h	16m 45s	$525K	$931K	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against Derive. 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

Position, each leg$Hold fordaysFee DerivebpFee BackpackbpOrdersPrice spread, now −0.051%Rate

Funding earned: $31.71
Price spread: −0.051% → 0.000%: −$5.07
Slippage, 4 orders: no order book: not counted
Fee Derive: 3 bp × 2 orders: −$6
Fee Backpack: 5 bp × 2 orders: −$10
Net: $10.64
Costs to cover: 0.160%
Break-even: 4.7 days

Slippage unknown: Derive: no order-book sample; Backpack: live order book, 7 min ago. Net counts fees only.

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 Derive no order-book sample	—	—	—	—	—
Sell Backpack live order book, 7 min ago	0.50 bp	5.9 bp −$6	12.3 bp −$123	doesn't fit	doesn't fit

Derive: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0280%	8h	0.09909	−0.332%	$152.0M	$261.0M	75x	as long as short
Kalshi KXDOGEPERP	0.0000%	8h	0.09938	−0.040%	$369K	$4.4M	2.8x	as long as short
Deribit DOGE_USDC-PERPETUAL	0.0000%	1h	0.09946	+0.039%	$622K	$106K	25x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S −0.0001%	1h	0.09942	+0.004%	$32K	—	150x	as long as short
Gate DOGE_USDT	+0.0068%	8h	0.09920	−0.222%	$236.3M	$120.4M	75x	as long as short
Phoenix DOGE	+0.0080%	1h	0.09978	+0.359%	$15K	$225K	10x	as long as short
dYdX DOGE-USD	+0.0093%	1h	0.09921	−0.208%	$223K	$44K	10x	as long as short
Katana Perps DOGE-USD	+0.0096%	8h	0.09948	+0.060%	$842	$344K	10x	as long as short
Lighter DOGE	+0.0096%	1h	0.09931	−0.109%	$781K	$5.1M	15x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.09947	+0.055%	$630K	$698K	10x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster DOGEUSDT	+0.0100%	8h	0.09923	−0.192%	$4.8M	$40.6M	75x	as long as short
Pacifica DOGE	+0.0100%	1h	0.09928	−0.137%	$335K	$495K	20x	as long as short
Binance DOGEUSDT	+0.0100%	8h	0.09927	−0.153%	$314.5M	$1.27B	75x	as long as short
Bybit DOGEUSDT	+0.0100%	8h	0.09921	−0.212%	$158.2M	$399.3M	75x	as long as short
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.09925	−0.171%	$108.7M	$892.0M	50x	as long as short
Arcus DOGE-USD	+0.0100%	1h	0.09926	−0.161%	$28K	$76K	10x	as long as short
Bulk DOGE-USD	+0.0100%	1h	0.09975	+0.332%	$382K	$15K	10x	as long as short
MEXC DOGE_USDT	+0.0100%	8h	0.09926	−0.161%	$112.3M	$219.7M	300x	as long as short
KuCoin DOGEUSDTM	+0.0100%	8h	0.09925	−0.171%	$65.1M	$39.4M	75x	as long as short
BingX DOGE-USDC	+0.0100%	8h	0.09926	−0.161%	—	$3.4M	—	as long as short
Variational Omni DOGE	+0.0100%	8h	0.09967	+0.251%	$937K	$7.8M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.09977	+0.355%	$265K	$112.7M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.09962	+0.201%	$626K	$4.6M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.09970	+0.281%	$142K	$224K	25x	as long as short
Polymarket Perps DOGE-USD	+0.0100%	1h	0.09939	−0.028%	$272K	$529K	10x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.09945	+0.030%	$57K	$397K	50x	as long as short
Derive DOGE-PERPlong	+0.0100%	1h	0.09942	long leg	$24K	$1K	10x
SunX DOGE-USDT	+0.0100%	8h	0.09946	+0.037%	$35K	$2.2M	30x	as long as short
SoDEX DOGE-USD	+0.0100%	1h	0.09941	−0.010%	$2K	$3.4M	10x	as long as short
HTX DOGE-USDT	+0.0100%	8h	0.09948	+0.064%	$6.0M	$47.3M	75x	as long as short
Phemex DOGEUSDT	+0.0100%	8h	0.09935	−0.071%	$92.1M	$19.0M	50x	as long as short
Paradex DOGE-USD-PERP	+0.0100%	8h	0.09924	−0.178%	$18K	$5K	30x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.09921	−0.209%	$547K	$3.6M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.09943	+0.010%	$19K	—	3x	as long as short
Reya DOGERUSDPERP	+0.0174%	1h	0.09941	−0.006%	$2K	—	20x	as long as short
01 Exchange DOGEUSD	+0.0176%	1h	0.09951	+0.094%	$525	$4K	10x	as long as short
BloFin DOGE-USDT	+0.0220%	8h	0.09937	−0.051%	$15.1M	$23.9M	75x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0224%	1h	0.09949	+0.070%	$2.0M	$22.6M	50x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0244% / S −0.0247%	1h	0.09942	−0.001%	$318K	—	200x	as long as short
Backpack DOGE_USDC_PERPshort	+0.0251%	1h	0.09937	−0.051%	$525K	$931K	15x
Kraken Futures PF_DOGEUSD	+0.0288%	1h	0.09940	−0.021%	$6.0M	$31.8M	50x	as long as short
Hyperliquid DOGE	+0.0406%	1h	0.09935	−0.067%	$109.5M	$79.3M	10x	as long as short
RISEx DOGE/USDC	+0.0536%	1h	0.09928	−0.141%	$311K	$472K	10x	as long as short
Injective DOGE/USDC PERP	+0.1013%	1h	0.09980	+0.382%	$5K	$180K	12x	as long as short