Funding you earn now, next payment 23:00 UTC+0.0353%/8h= +38.7% APRpaid last 24h +0.029%
Price spread now: Backpack against Gate+0.543%7-day average +0.007% · you sell dearer than you buy
Net, funding: paid 7d − costs−$24as in the Funding arb table
Net, price: spread back to 7d avg − costs+$22as in the Price arb table
costs, in and out, $10k−$320.316% of the position
Funding, last 7 days+0.076%+$8 on $10k
+Price spread, last 4 days (all we have)−0.611%−$61 · spread now +0.543%, 7d avg +0.007%
=Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and Backpack is 0.536% dearer against Gate than usual: you sell high and buy low: +$54 more if the spread goes back to its 7-day average of +0.007%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.076% in total (about 3.9% a year). A funding rate is set anew for every payment. 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 | Gate DOGE_USDT | 0.1013 | 0.0089 | pay 0.0089% / 8h | 1h 39m | $243.3M | $122.3M | 75x |
| Short | Backpack DOGE_USDC_PERP | 0.1019 | 0.0442 | get 0.0055% / 1h | 39m 21s | $537K | $940K | 15x |
Gate DOGE_USDT
Backpack DOGE_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Gate. 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
- $74.19
- Price spread: +0.543% → +0.007%
- $53.63
- Slippage, 4 orders
- −$6.56
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- $96.27
- Costs to cover
- 0.316%
- Break-even
- from the start
Slippage from Gate: live order book, 5 min ago; Backpack: live order book, 45 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 Gate live order book, 5 min ago | 0.50 bp | 9.9 bp −$10 | 17.5 bp −$175 | 31.0 bp −$3,104 | 51.2 bp −$25.6K |
| Sell Backpack live order book, 45 min ago | 0.50 bp | 5.9 bp −$6 | 12.3 bp −$123 | 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 | −0.0270% | 8h | 0.1012 | −0.089% | $154.7M | $264.1M | 75x | as long as short |
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.1015 | +0.218% | $430K | $4.6M | 2.8x | as long as short |
| Deribit DOGE_USDC-PERPETUAL | 0.0000% | 1h | 0.1013 | +0.026% | $614K | $105K | 25x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S −0.0001% | 1h | 0.1014 | +0.035% | $32K | — | 150x | as long as short |
| dYdX DOGE-USD | +0.0011% | 1h | 0.1017 | +0.345% | $228K | $44K | 10x | as long as short |
| Phoenix DOGE | +0.0081% | 1h | 0.1017 | +0.354% | $16K | $222K | 10x | as long as short |
| Gate DOGE_USDTlong | +0.0089% | 8h | 0.1013 | long leg | $243.3M | $122.3M | 75x | |
| Lighter DOGE | +0.0096% | 1h | 0.1015 | +0.149% | $793K | $5.3M | 15x | as long as short |
| Katana Perps DOGE-USD | +0.0096% | 8h | 0.1015 | +0.207% | $1K | $360K | 10x | as long as short |
| Nado DOGE-PERP | +0.0100% | 1h | 0.1014 | +0.035% | $711K | $779K | 10x | as long as short |
Bitget DOGEUSDT
Kalshi KXDOGEPERP
Deribit DOGE_USDC-PERPETUAL
gTrade (Gains Network) DOGE/USD
dYdX DOGE-USD
Phoenix DOGE
Lighter DOGE
Katana Perps DOGE-USD
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 | 0.1014 | +0.089% | $5.2M | $42.5M | 75x | as long as short |
| Pacifica DOGE | +0.0100% | 1h | 0.1017 | +0.365% | $340K | $503K | 20x | as long as short |
| Binance DOGEUSDT | +0.0100% | 8h | 0.1014 | +0.101% | $326.4M | $1.30B | 75x | as long as short |
| Bybit DOGEUSDT | +0.0100% | 8h | 0.1013 | +0.030% | $163.9M | $410.5M | 75x | as long as short |
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.1014 | +0.039% | $110.4M | $928.7M | 50x | as long as short |
| Arcus DOGE-USD | +0.0100% | 1h | 0.1016 | +0.276% | $29K | $76K | 10x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.1017 | +0.396% | $390K | $17K | 10x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.1013 | +0.030% | $111.8M | $215.6M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.1013 | +0.020% | $66.3M | $39.8M | 75x | as long as short |
| BingX DOGE-USDC | +0.0100% | 8h | 0.1015 | +0.168% | — | $3.4M | — | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.1017 | +0.388% | $954K | $7.8M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.1017 | +0.369% | $279K | $114.1M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.1016 | +0.306% | $647K | $4.5M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.1018 | +0.474% | $148K | $240K | 25x | as long as short |
| Polymarket Perps DOGE-USD | +0.0100% | 1h | 0.1014 | +0.049% | $273K | $535K | 10x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.1013 | +0.020% | $74K | $432K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.1013 | −0.004% | $25K | $1K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.1014 | +0.081% | $36K | $2.2M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.1014 | +0.049% | $2K | $3.5M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.1014 | +0.061% | $6.1M | $49.4M | 75x | as long as short |
| Phemex DOGEUSDT | +0.0100% | 8h | 0.1014 | +0.059% | $93.9M | $19.0M | 50x | as long as short |
| Paradex DOGE-USD-PERP | +0.0101% | 8h | 0.1016 | +0.311% | $18K | $5K | 30x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.1013 | +0.008% | $565K | $3.6M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.1013 | +0.005% | $19K | — | 3x | as long as short |
| Reya DOGERUSDPERP | +0.0176% | 1h | 0.1013 | +0.008% | $2K | — | 20x | as long as short |
| 01 Exchange DOGEUSD | +0.0192% | 1h | 0.1015 | +0.221% | $536 | $4K | 10x | as long as short |
| Coinbase International DOGE-PERP-INTX | +0.0216% | 1h | 0.1014 | +0.059% | $2.1M | $23.5M | 50x | as long as short |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.1013 | −0.049% | $15.2M | $25.0M | 75x | as long as short |
| GMX DOGE/USD [ETH-USDC] | L +0.0248% / S −0.0274% | 1h | 0.1013 | +0.009% | $320K | — | 200x | as long as short |
| Kraken Futures PF_DOGEUSD | +0.0360% | 1h | 0.1013 | +0.023% | $6.1M | $32.2M | 50x | as long as short |
| Hyperliquid DOGE | +0.0441% | 1h | 0.1014 | +0.128% | $111.9M | $81.8M | 10x | as long as short |
| Backpack DOGE_USDC_PERPshort | +0.0442% | 1h | 0.1019 | +0.543% | $537K | $940K | 15x | |
| RISEx DOGE/USDC | +0.0702% | 1h | 0.1016 | +0.252% | $319K | $477K | 10x | as long as short |
| Injective DOGE/USDC PERP | +0.0966% | 1h | 0.1022 | +0.869% | $5K | $207K | 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-USDC
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
Coinbase International DOGE-PERP-INTX
BloFin DOGE-USDT
GMX DOGE/USD [ETH-USDC]
Kraken Futures PF_DOGEUSD
Hyperliquid DOGE
RISEx DOGE/USDC
Injective DOGE/USDC PERP