Funding you earn now, next payment 22:00 UTC+0.0103%/8h= +11.3% APRnext payment +$0.13 per $10,000 · paid last 24h +0.025%
Price spread now: Backpack against dYdX+0.913%7-day average −0.019% · you sell dearer than you buy
Net, funding: paid 7d − costs−$144as in the Funding arb table
Net, price: spread back to 7d avg − costs−$61as in the Price arb table
costs, in and out, $10k−$1541.540% of the position
Funding, last 7 days+0.097%+$10 on $10k
+Price spread, last 4 days (all we have)−1.035%−$103 · spread now +0.913%, 7d avg −0.019%
=Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Backpack is 0.932% dearer against dYdX than usual: you sell high and buy low: +$93 more if the spread goes back to its 7-day average of −0.019%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | dYdX DOGE-USD | 0.09826 | 0.0062 | pay 0.0008% / 1h | 39m 13s | $221K | $44K | 10x |
| Short | Backpack DOGE_USDC_PERP | 0.09916 | 0.0165 | get 0.0021% / 1h | 39m 13s | $525K | $904K | 15x |
dYdX DOGE-USD
Backpack DOGE_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against dYdX. 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
- $21.68
- Price spread: +0.913% → −0.019%
- $93.17
- Slippage, 4 orders
- −$134.03
- Fee dYdX: 5 bp × 2 orders
- −$10
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$39.18
- Costs to cover
- 1.540%
- Break-even
- 19.7 days
Slippage from dYdX: live order book, 49 min ago; Backpack: live order book, 49 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 dYdX live order book, 49 min ago | 52.03 bp | 65.9 bp −$66 | 157.3 bp −$1,573 | 208.4 bp −$20.8K | 224.2 bp −$112.1K |
| Sell Backpack live order book, 49 min ago | 0.50 bp | 5.8 bp −$6 | 11.7 bp −$117 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget DOGEUSDT | −0.0279% | 8h | 0.09812 | −0.146% | $150.8M | $259.5M | 75x | as long as short |
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.09819 | −0.073% | $354K | $4.3M | 2.8x | as long as short |
| Deribit DOGE_USDC-PERPETUAL | 0.0000% | 1h | 0.09823 | −0.037% | $614K | $88K | 25x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S −0.0001% | 1h | 0.09817 | −0.095% | $32K | — | 150x | as long as short |
| Gate DOGE_USDT | +0.0061% | 8h | 0.09815 | −0.115% | $233.3M | $118.7M | 75x | as long as short |
| dYdX DOGE-USDlong | +0.0062% | 1h | 0.09826 | long leg | $221K | $44K | 10x | |
| Phoenix DOGE | +0.0080% | 1h | 0.09899 | +0.740% | $15K | $225K | 10x | as long as short |
| Katana Perps DOGE-USD | +0.0095% | 8h | 0.09820 | −0.064% | $820 | $334K | 10x | as long as short |
| Lighter DOGE | +0.0096% | 1h | 0.09828 | +0.014% | $780K | $5.1M | 15x | as long as short |
| Nado DOGE-PERP | +0.0100% | 1h | 0.09814 | −0.125% | $623K | $695K | 10x | as long as short |
Bitget DOGEUSDT
Kalshi KXDOGEPERP
Deribit DOGE_USDC-PERPETUAL
gTrade (Gains Network) DOGE/USD
Gate DOGE_USDT
Phoenix DOGE
Katana Perps DOGE-USD
Lighter DOGE
Nado DOGE-PERPShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster DOGEUSDT | +0.0100% | 8h | 0.09824 | −0.028% | $4.9M | $40.5M | 75x | as long as short |
| Pacifica DOGE | +0.0100% | 1h | 0.09845 | +0.186% | $335K | $505K | 20x | as long as short |
| Binance DOGEUSDT | +0.0100% | 8h | 0.09829 | +0.027% | $314.4M | $1.26B | 75x | as long as short |
| Bybit DOGEUSDT | +0.0100% | 8h | 0.09817 | −0.095% | $155.8M | $397.2M | 75x | as long as short |
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.09823 | −0.034% | $106.8M | $878.2M | 50x | as long as short |
| Arcus DOGE-USD | +0.0100% | 1h | 0.09815 | −0.115% | $28K | $75K | 10x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.09919 | +0.942% | $380K | $19K | 10x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.09823 | −0.034% | $119.5M | $214.0M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.09814 | −0.125% | $64.7M | $39.0M | 75x | as long as short |
| BingX DOGE-USDT | +0.0100% | 8h | 0.09818 | −0.085% | — | $73.2M | — | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.09888 | +0.623% | $934K | $7.8M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.09898 | +0.733% | $263K | $111.1M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.09895 | +0.696% | $629K | $4.5M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.09890 | +0.648% | $141K | $223K | 25x | as long as short |
| Polymarket Perps DOGE-USD | +0.0100% | 1h | 0.09810 | −0.167% | $271K | $546K | 10x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.09823 | −0.034% | $56K | $380K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.09820 | −0.066% | $24K | $1K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.09824 | −0.019% | $35K | $2.1M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.09823 | −0.034% | $2K | $3.3M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.09819 | −0.075% | $5.9M | $46.5M | 75x | as long as short |
| Phemex DOGEUSDT | +0.0100% | 8h | 0.09826 | −0.003% | $91.2M | $19.0M | 50x | as long as short |
| Paradex DOGE-USD-PERP | +0.0100% | 8h | 0.09821 | −0.050% | $19K | $3K | 30x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.09819 | −0.071% | $544K | $3.5M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.09823 | −0.031% | $19K | — | 3x | as long as short |
| Backpack DOGE_USDC_PERPshort | +0.0165% | 1h | 0.09916 | +0.913% | $525K | $904K | 15x | |
| Reya DOGERUSDPERP | +0.0173% | 1h | 0.09819 | −0.075% | $2K | — | 20x | as long as short |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.09821 | −0.054% | $15.1M | $23.5M | 75x | as long as short |
| 01 Exchange DOGEUSD | +0.0224% | 1h | 0.09810 | −0.161% | $518 | $4K | 10x | as long as short |
| Coinbase International DOGE-PERP-INTX | +0.0224% | 1h | 0.09824 | −0.024% | $2.0M | $22.1M | 50x | as long as short |
| GMX DOGE/USD [ETH-USDC] | L +0.0242% / S −0.0263% | 1h | 0.09818 | −0.088% | $303K | — | 200x | as long as short |
| Kraken Futures PF_DOGEUSD | +0.0291% | 1h | 0.09822 | −0.045% | $6.1M | $31.5M | 50x | as long as short |
| Hyperliquid DOGE | +0.0472% | 1h | 0.09828 | +0.022% | $109.5M | $78.0M | 10x | as long as short |
| RISEx DOGE/USDC | +0.0536% | 1h | 0.09816 | −0.110% | $309K | $469K | 10x | as long as short |
| Injective DOGE/USDC PERP | +0.1013% | 1h | 0.09930 | +1.055% | $5K | $153K | 12x | as long as short |
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-USDT
Variational Omni DOGE
edgeX DOGEUSDC
GRVT DOGE_USDT_Perp
ApeX Omni DOGEUSDT
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
Extended DOGE-USD
Aevo DOGE-PERP
Reya DOGERUSDPERP
BloFin DOGE-USDT
01 Exchange DOGEUSD
Coinbase International DOGE-PERP-INTX
GMX DOGE/USD [ETH-USDC]
Kraken Futures PF_DOGEUSD
Hyperliquid DOGE
RISEx DOGE/USDC
Injective DOGE/USDC PERP