Funding you earn now, next payment 00:00 UTC+0.0228%/8h= +25.0% APRnext payment +$0.29 per $10,000 · paid last 24h +0.025%
Price spread now: Coinbase International against dYdX−0.006%7-day average +0.034% · you buy dearer than you sell
Net, funding: paid 7d − costs−$79as in the Funding arb table
Net, price: spread back to 7d avg − costs−$83as in the Price arb table
costs, in and out, $10k−$790.789% of the position
Funding, last 7 days0.000%$0 on $10k
+Price spread, last 3 days (all we have)+0.020%+$2 · spread now −0.006%, 7d avg +0.034%
=Funding pays, the price is against you. Coinbase International is 0.040% cheaper against dYdX than usual: you would sell low and buy high (spread −0.006% now, against its 7-day average of +0.034%). If the spread goes back, that is −$4 on $10k: about 14 hours of funding at the current rate (+$7 a day). At the pace of the last 7 days (0.000% in total) that is about years.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.000% in total (about 0.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.29 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | dYdX DOGE-USD | 0.1009 | 0.0012 | pay 0.0001% / 1h | 12m 36s | $227K | $44K | 10x |
| Short | Coinbase International DOGE-PERP-INTX | 0.1009 | 0.0240 | get 0.0030% / 1h | 12m 36s | $2.0M | $25.2M | 50x |
dYdX DOGE-USD
Coinbase International DOGE-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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
- $47.91
- Price spread: −0.006% → +0.034%
- −$3.99
- Slippage, 4 orders
- −$58.89
- Fee dYdX: 5 bp × 2 orders
- −$10
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$34.97
- Costs to cover
- 0.789%
- Break-even
- 12.1 days
Slippage from dYdX: live order book, 61 min ago; Coinbase International: live order book, 2 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, 61 min ago | 15.59 bp | 21.1 bp −$21 | 46.7 bp −$467 | 57.4 bp −$5,743 | 68.2 bp −$34.1K |
| Sell Coinbase International live order book, 2 min ago | 2.46 bp | 10.3 bp −$10 | 15.4 bp −$154 | 44.3 bp −$4,430 | 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 | −0.0169% | 8h | 0.1009 | −0.036% | $153.3M | $271.6M | 75x | as long as short |
| Kraken Futures PF_DOGEUSD | −0.0077% | 1h | 0.1009 | −0.036% | $6.1M | $33.9M | 50x | as long as short |
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.1016 | +0.623% | $396K | $4.9M | 2.8x | as long as short |
| Deribit DOGE_USDC-PERPETUAL | 0.0000% | 1h | 0.1012 | +0.220% | $608K | $120K | 25x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S 0.0000% | 1h | 0.1012 | +0.206% | $24K | — | 150x | as long as short |
| dYdX DOGE-USDlong | +0.0012% | 1h | 0.1009 | long leg | $227K | $44K | 10x | |
| Lighter DOGE | +0.0096% | 1h | 0.1011 | +0.146% | $799K | $5.9M | 15x | as long as short |
| Katana Perps DOGE-USD | +0.0100% | 8h | 0.1010 | +0.033% | $2K | $419K | 10x | as long as short |
| Nado DOGE-PERP | +0.0100% | 1h | 0.1012 | +0.266% | $518K | $973K | 10x | as long as short |
| Aster DOGEUSDT | +0.0100% | 8h | 0.1010 | +0.020% | $5.1M | $46.6M | 75x | as long as short |
Bitget DOGEUSDT
Kraken Futures PF_DOGEUSD
Kalshi KXDOGEPERP
Deribit DOGE_USDC-PERPETUAL
gTrade (Gains Network) DOGE/USD
Lighter DOGE
Katana Perps DOGE-USD
Nado DOGE-PERP
Aster DOGEUSDTShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica DOGE | +0.0100% | 1h | 0.1010 | +0.048% | $337K | $511K | 20x | as long as short |
| Binance DOGEUSDT | +0.0100% | 8h | 0.1010 | +0.007% | $321.1M | $1.40B | 75x | as long as short |
| Bybit DOGEUSDT | +0.0100% | 8h | 0.1010 | +0.023% | $161.0M | $439.2M | 75x | as long as short |
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.1010 | +0.043% | $111.5M | $974.2M | 50x | as long as short |
| Arcus DOGE-USD | +0.0100% | 1h | 0.1010 | +0.093% | $28K | $74K | 10x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.1003 | −0.622% | $384K | $5K | 10x | as long as short |
| Gate DOGE_USDT | +0.0100% | 8h | 0.1010 | +0.013% | $245.6M | $131.1M | 75x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.1010 | +0.063% | $113.3M | $226.0M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.1010 | +0.053% | $66.2M | $42.3M | 75x | as long as short |
| BingX DOGE-USDT | +0.0100% | 8h | 0.1010 | +0.053% | — | $76.2M | — | as long as short |
| Backpack DOGE_USDC_PERP | +0.0100% | 1h | 0.1008 | −0.096% | $366K | $1.1M | 15x | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.1010 | +0.092% | $994K | $8.1M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.1014 | +0.435% | $271K | $125.1M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.1015 | +0.509% | $639K | $4.5M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.1015 | +0.548% | $149K | $270K | 25x | as long as short |
| Polymarket Perps DOGE-USD | +0.0100% | 1h | 0.1011 | +0.172% | $269K | $634K | 10x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.1012 | +0.202% | $74K | $426K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.1012 | +0.205% | $25K | $1K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.1012 | +0.238% | $36K | $2.2M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.1011 | +0.103% | $2K | $3.8M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.1010 | +0.092% | $6.0M | $52.8M | 75x | as long as short |
| Phemex DOGEUSDT | +0.0100% | 8h | 0.1009 | −0.036% | $93.1M | $17.9M | 50x | as long as short |
| Paradex DOGE-USD-PERP | +0.0100% | 8h | 0.1010 | +0.007% | $18K | $5K | 30x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.1010 | +0.036% | $534K | $3.9M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.1012 | +0.212% | $19K | — | 3x | as long as short |
| 01 Exchange DOGEUSD | +0.0176% | 1h | 0.1010 | +0.057% | $533 | $4K | 10x | as long as short |
| Reya DOGERUSDPERP | +0.0182% | 1h | 0.1011 | +0.190% | $2K | — | 20x | as long as short |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.1008 | −0.125% | $15.4M | $25.7M | 75x | as long as short |
| Coinbase International DOGE-PERP-INTXshort | +0.0240% | 1h | 0.1009 | −0.006% | $2.0M | $25.2M | 50x | |
| Phoenix DOGE | +0.0240% | 1h | 0.1011 | +0.158% | $66K | $283K | 10x | as long as short |
| GMX DOGE/USD [ETH-USDC] | L +0.0247% / S −0.0272% | 1h | 0.1011 | +0.177% | $318K | — | 200x | as long as short |
| RISEx DOGE/USDC | +0.0701% | 1h | 0.1010 | +0.093% | $326K | $404K | 10x | as long as short |
| Hyperliquid DOGE | +0.0789% | 1h | 0.1012 | +0.212% | $123.4M | $95.6M | 10x | as long as short |
| Injective DOGE/USDC PERP | +0.0973% | 1h | 0.1018 | +0.846% | $5K | $239K | 12x | as long as short |
Pacifica DOGE
Binance DOGEUSDT
Bybit DOGEUSDT
OKX DOGE-USDT-SWAP
Arcus DOGE-USD
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
Derive DOGE-PERP
SunX DOGE-USDT
SoDEX DOGE-USD
HTX DOGE-USDT
Phemex DOGEUSDT
Paradex DOGE-USD-PERP
Extended DOGE-USD
Aevo DOGE-PERP
01 Exchange DOGEUSD
Reya DOGERUSDPERP
BloFin DOGE-USDT
Phoenix DOGE
GMX DOGE/USD [ETH-USDC]
RISEx DOGE/USDC
Hyperliquid DOGE
Injective DOGE/USDC PERP