Funding you earn now, next payment 05:00 UTC+0.0075%/8h= +8.2% APRnext payment +$0.09 per $10,000 · paid last 24h −0.019%
Price spread now: Deribit against Derive+0.041%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Deribit is 0.041% dearer against Derive than usual: you sell high and buy low: +$4 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Derive DOGE-PERP | 0.1013 | 0.0100 | pay 0.0013% / 1h | 12m 12s | $19K | $1K | 10x |
| Short | Deribit DOGE_USDC-PERPETUAL | 0.1013 | 0.0175 | get 0.0022% / 1h | 12m 12s | $575K | $247K | 25x |
Derive DOGE-PERP
Deribit DOGE_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against Derive. 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
- $15.75
- Price spread: +0.041% → 0.000%
- $4.09
- Slippage, 4 orders
- no order book: not counted
- Fee Derive: 3 bp × 2 orders
- −$6
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- $6.84
- Costs to cover
- 0.130%
- Break-even
- 4.0 days
Slippage unknown: Derive: no order-book sample; Deribit: live order book, 42 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 Deribit live order book, 42 min ago | 5.70 bp | 9.7 bp −$10 | 54.4 bp −$544 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.1015 | +0.200% | $682K | $6.3M | 2.8x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S 0.0000% | 1h | 0.1013 | +0.013% | $24K | — | 150x | as long as short |
| dYdX DOGE-USD | +0.0019% | 1h | 0.1016 | +0.334% | $228K | $70K | 10x | as long as short |
| Bitget DOGEUSDT | +0.0081% | 8h | 0.1013 | +0.002% | $131.8M | $317.8M | 75x | as long as short |
| Lighter DOGE | +0.0096% | 1h | 0.1014 | +0.092% | $746K | $6.5M | 15x | as long as short |
| Nado DOGE-PERP | +0.0100% | 1h | 0.1013 | +0.072% | $556K | $1.1M | 10x | as long as short |
| Aster DOGEUSDT | +0.0100% | 8h | 0.1013 | +0.051% | $4.9M | $54.9M | 75x | as long as short |
| Pacifica DOGE | +0.0100% | 1h | 0.1016 | +0.376% | $324K | $519K | 20x | as long as short |
| Binance DOGEUSDT | +0.0100% | 8h | 0.1013 | +0.005% | $332.9M | $1.62B | 75x | as long as short |
| Bybit DOGEUSDT | +0.0100% | 8h | 0.1013 | +0.062% | $165.4M | $501.9M | 75x | as long as short |
Kalshi KXDOGEPERP
gTrade (Gains Network) DOGE/USD
dYdX DOGE-USD
Bitget DOGEUSDT
Lighter DOGE
Nado DOGE-PERP
Aster DOGEUSDT
Pacifica DOGE
Binance DOGEUSDT
Bybit DOGEUSDTShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.1014 | +0.101% | $115.3M | $1.15B | 50x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.1016 | +0.357% | $390K | $16K | 10x | as long as short |
| Gate DOGE_USDT | +0.0100% | 8h | 0.1013 | +0.002% | $249.4M | $147.0M | 75x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.1013 | +0.091% | $114.7M | $247.3M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.1012 | −0.047% | $66.5M | $48.3M | 75x | as long as short |
| BingX DOGE-USDT | +0.0100% | 8h | 0.1013 | +0.042% | — | $79.4M | — | as long as short |
| Backpack DOGE_USDC_PERP | +0.0100% | 1h | 0.1016 | +0.358% | $338K | $1.2M | 15x | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.1019 | +0.642% | $1.2M | $8.5M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.1019 | +0.668% | $325K | $136.7M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.1019 | +0.621% | $642K | $4.6M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.1022 | +0.931% | $154K | $330K | 25x | as long as short |
| Polymarket Perps DOGE-USD | +0.0100% | 1h | 0.1012 | −0.027% | $261K | $1.0M | 10x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.1013 | +0.032% | $66K | $458K | 50x | as long as short |
| Derive DOGE-PERPlong | +0.0100% | 1h | 0.1013 | long leg | $19K | $1K | 10x | |
| SunX DOGE-USDT | +0.0100% | 8h | 0.1013 | +0.051% | $35K | $2.3M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.1013 | +0.022% | $2K | $5.1M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.1013 | +0.011% | $5.9M | $65.8M | 75x | as long as short |
| Phemex DOGEUSDT | +0.0100% | 8h | 0.1013 | +0.022% | $93.2M | $17.2M | 50x | as long as short |
| Paradex DOGE-USD-PERP | +0.0100% | 8h | 0.1015 | +0.266% | $18K | $5K | 30x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.1012 | −0.016% | $488K | $4.1M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.1013 | +0.022% | $19K | — | 3x | as long as short |
| Katana Perps DOGE-USD | +0.0120% | 8h | 0.1015 | +0.259% | $2K | $503K | 10x | as long as short |
| Deribit DOGE_USDC-PERPETUALshort | +0.0175% | 1h | 0.1013 | +0.041% | $575K | $247K | 25x | |
| Reya DOGERUSDPERP | +0.0193% | 1h | 0.1012 | −0.020% | $2K | — | 20x | as long as short |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.1017 | +0.407% | $16.4M | $26.9M | 75x | as long as short |
| Phoenix DOGE | +0.0235% | 1h | 0.1017 | +0.466% | $19K | $292K | 10x | as long as short |
| 01 Exchange DOGEUSD | +0.0240% | 1h | 0.1015 | +0.286% | $452 | $4K | 10x | as long as short |
| Kraken Futures PF_DOGEUSD | +0.0248% | 1h | 0.1013 | +0.001% | $5.5M | $39.5M | 50x | as long as short |
| GMX DOGE/USD [ETH-USDC] | L +0.0255% / S −0.0299% | 1h | 0.1013 | 0.000% | $332K | — | 200x | as long as short |
| Coinbase International DOGE-PERP-INTX | +0.0304% | 1h | 0.1014 | +0.121% | $2.1M | $33.4M | 50x | as long as short |
| Hyperliquid DOGE | +0.0433% | 1h | 0.1013 | +0.081% | $126.3M | $111.3M | 10x | as long as short |
| Arcus DOGE-USD | +0.0634% | 1h | 0.1016 | +0.368% | $110K | $207K | 10x | as long as short |
| RISEx DOGE/USDC | +0.0728% | 1h | 0.1016 | +0.333% | $410K | $432K | 10x | as long as short |
| Injective DOGE/USDC PERP | +0.1062% | 1h | 0.1053 | +3.992% | $6K | $242K | 12x | as long as short |
OKX DOGE-USDT-SWAP
Bulk DOGE-USD
Gate DOGE_USDT
MEXC DOGE_USDT
KuCoin DOGEUSDTM
BingX DOGE-USDT
Backpack DOGE_USDC_PERP
Variational Omni DOGE
edgeX DOGEUSDC
GRVT DOGE_USDT_Perp
ApeX Omni DOGEUSDT
Polymarket Perps DOGE-USD
Orderly PERP_DOGE_USDC
SunX DOGE-USDT
SoDEX DOGE-USD
HTX DOGE-USDT
Phemex DOGEUSDT
Paradex DOGE-USD-PERP
Extended DOGE-USD
Aevo DOGE-PERP
Katana Perps DOGE-USD
Reya DOGERUSDPERP
BloFin DOGE-USDT
Phoenix DOGE
01 Exchange DOGEUSD
Kraken Futures PF_DOGEUSD
GMX DOGE/USD [ETH-USDC]
Coinbase International DOGE-PERP-INTX
Hyperliquid DOGE
Arcus DOGE-USD
RISEx DOGE/USDC
Injective DOGE/USDC PERP