Funding you earn now, next payment 03:00 UTC+0.0021%/8h= +2.3% APRnext payment +$0.03 per $10,000 · paid last 24h −0.021%
Price spread now: Deribit against dYdX−0.118%7-day average +0.020% · you buy dearer than you sell
Net, funding: paid 7d − costs−$108as in the Funding arb table
Net, price: spread back to 7d avg − costs−$111as in the Price arb table
costs, in and out, $10k−$970.974% of the position
Funding, last 7 days−0.102%−$10 on $10k
+Price spread, last 4 days (all we have)+0.083%+$8 · spread now −0.118%, 7d avg +0.020%
=Funding pays, the price is against you. Deribit is 0.138% cheaper against dYdX than usual: you would sell low and buy high (spread −0.118% now, against its 7-day average of +0.020%). If the spread goes back, that is −$14 on $10k: about 22 days of funding at the current rate (+$1 a day). Mind the row above: over the last 7 days funding on this pair cost −0.102%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | dYdX DOGE-USD | 0.09965 | 0 | get 0.0000% / 1h | 39m 07s | $224K | $49K | 10x |
| Short | Deribit DOGE_USDC-PERPETUAL | 0.09953 | 0.0021 | get 0.0003% / 1h | 39m 07s | $595K | $118K | 25x |
dYdX DOGE-USD
Deribit DOGE_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- $4.41
- Price spread: −0.118% → +0.020%
- −$13.81
- Slippage, 4 orders
- −$80.41
- Fee dYdX: 5 bp × 2 orders
- −$10
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$106.81
- Costs to cover
- 0.974%
- Break-even
- 176.5 days
Slippage from dYdX: live order book, 25 min ago; Deribit: live order book, 25 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, 25 min ago | 33.36 bp | 40.8 bp −$41 | 123.6 bp −$1,236 | 172.1 bp −$17.2K | 181.7 bp −$90.9K |
| Sell Deribit live order book, 25 min ago | 5.00 bp | 9.7 bp −$10 | 17.0 bp −$170 | 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 | −0.0093% | 8h | 0.09951 | −0.141% | $150.7M | $273.7M | 75x | as long as short |
| dYdX DOGE-USDlong | 0.0000% | 1h | 0.09965 | long leg | $224K | $49K | 10x | |
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.09973 | +0.076% | $443K | $5.1M | 2.8x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S 0.0000% | 1h | 0.09953 | −0.124% | $24K | — | 150x | as long as short |
| Deribit DOGE_USDC-PERPETUALshort | +0.0021% | 1h | 0.09953 | −0.118% | $595K | $118K | 25x | |
| Lighter DOGE | +0.0096% | 1h | 0.09959 | −0.061% | $802K | $6.1M | 15x | as long as short |
| Katana Perps DOGE-USD | +0.0099% | 8h | 0.09963 | −0.020% | $900 | $436K | 10x | as long as short |
| Nado DOGE-PERP | +0.0100% | 1h | 0.09966 | +0.010% | $531K | $991K | 10x | as long as short |
| Aster DOGEUSDT | +0.0100% | 8h | 0.09956 | −0.093% | $4.7M | $48.6M | 75x | as long as short |
| Pacifica DOGE | +0.0100% | 1h | 0.09973 | +0.082% | $328K | $483K | 20x | as long as short |
Bitget DOGEUSDT
Kalshi KXDOGEPERP
gTrade (Gains Network) DOGE/USD
Lighter DOGE
Katana Perps DOGE-USD
Nado DOGE-PERP
Aster DOGEUSDT
Pacifica DOGEShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance DOGEUSDT | +0.0100% | 8h | 0.09959 | −0.065% | $319.2M | $1.44B | 75x | as long as short |
| Bybit DOGEUSDT | +0.0100% | 8h | 0.09955 | −0.100% | $160.2M | $440.5M | 75x | as long as short |
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.09956 | −0.090% | $111.2M | $985.0M | 50x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.09995 | +0.299% | $383K | $5K | 10x | as long as short |
| Gate DOGE_USDT | +0.0100% | 8h | 0.09957 | −0.080% | $242.9M | $132.0M | 75x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.09955 | −0.100% | $112.5M | $229.9M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.09953 | −0.120% | $65.8M | $43.3M | 75x | as long as short |
| BingX DOGE-USDT | +0.0100% | 8h | 0.09960 | −0.050% | — | $76.2M | — | as long as short |
| Backpack DOGE_USDC_PERP | +0.0100% | 1h | 0.09954 | −0.110% | $328K | $1.1M | 15x | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.09971 | +0.056% | $997K | $8.2M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.09974 | +0.089% | $297K | $129.5M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.1001 | +0.446% | $629K | $4.4M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.1001 | +0.452% | $146K | $277K | 25x | as long as short |
| Polymarket Perps DOGE-USD | +0.0100% | 1h | 0.09960 | −0.050% | $255K | $731K | 10x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.09953 | −0.120% | $70K | $440K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.09951 | −0.136% | $24K | $1K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.09955 | −0.102% | $35K | $2.2M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.09952 | −0.131% | $2K | $3.9M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.09951 | −0.140% | $5.9M | $56.4M | 75x | as long as short |
| Phemex DOGEUSDT | +0.0100% | 8h | 0.09955 | −0.100% | $91.7M | $16.7M | 50x | as long as short |
| Paradex DOGE-USD-PERP | +0.0104% | 8h | 0.09968 | +0.028% | $18K | $6K | 30x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.09949 | −0.163% | $541K | $4.0M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.09953 | −0.120% | $19K | — | 3x | as long as short |
| Reya DOGERUSDPERP | +0.0186% | 1h | 0.09962 | −0.029% | $2K | — | 20x | as long as short |
| 01 Exchange DOGEUSD | +0.0208% | 1h | 0.09970 | +0.051% | $531 | $4K | 10x | as long as short |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.09951 | −0.141% | $15.6M | $25.1M | 75x | as long as short |
| Phoenix DOGE | +0.0240% | 1h | 0.09990 | +0.248% | $65K | $288K | 10x | as long as short |
| GMX DOGE/USD [ETH-USDC] | L +0.0246% / S −0.0267% | 1h | 0.09952 | −0.127% | $310K | — | 200x | as long as short |
| Coinbase International DOGE-PERP-INTX | +0.0248% | 1h | 0.09963 | −0.020% | $2.3M | $26.0M | 50x | as long as short |
| Kraken Futures PF_DOGEUSD | +0.0307% | 1h | 0.09950 | −0.152% | $5.7M | $35.1M | 50x | as long as short |
| Hyperliquid DOGE | +0.0440% | 1h | 0.09968 | +0.032% | $121.7M | $99.5M | 10x | as long as short |
| RISEx DOGE/USDC | +0.0747% | 1h | 0.09972 | +0.070% | $401K | $368K | 10x | as long as short |
| Arcus DOGE-USD | +0.0781% | 1h | 0.09978 | +0.130% | $128K | $179K | 10x | as long as short |
| Injective DOGE/USDC PERP | +0.1072% | 1h | 0.1002 | +0.552% | $5K | $239K | 12x | as long as short |
Binance DOGEUSDT
Bybit DOGEUSDT
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
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
01 Exchange DOGEUSD
BloFin DOGE-USDT
Phoenix DOGE
GMX DOGE/USD [ETH-USDC]
Coinbase International DOGE-PERP-INTX
Kraken Futures PF_DOGEUSD
Hyperliquid DOGE
RISEx DOGE/USDC
Arcus DOGE-USD
Injective DOGE/USDC PERP