Funding you earn now, next payment 22:00 UTC−0.0030%/8h= −3.3% APRnext payment −$0.04 per $10,000 · paid last 24h −0.021%
Price spread now: Coinbase International against GMX+0.234%53s7-day average −0.007% · 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)−0.113%−$11 on $10k
+Price spread, last 3 days (all we have)−0.302%−$30 · spread now +0.234%, 7d avg −0.007%
=The price spread pays, funding is against you. Coinbase International is 0.241% dearer against GMX than usual: you sell high and buy low (spread +0.234% now, against its 7-day average of −0.007%): +$24 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 26 days. At the pace of the last 3 days (−0.113% in total) that is about 6.6 days. The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX DOGE/USD [ETH-USDC] | 0.1005 | L +0.0246% / S −0.0271% | pay 0.0031% / 1h | 36m 28s | $315K | — | 200x |
| Short | Coinbase International DOGE-PERP-INTX | 0.1008 | 0.0216 | get 0.0027% / 1h | 36m 28s | $2.0M | $23.4M | 50x |
GMX DOGE/USD [ETH-USDC]
Coinbase International DOGE-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against GMX. 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
- −$6.38
- Price spread: +0.234% → −0.007%
- $24.07
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$4.3
- Costs to cover
- 0.220%
- Break-even
- from the start
Slippage unknown: GMX: no order-book sample; Coinbase International: live order book, 3 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 GMX no order-book sample | — | — | — | — | — |
| Sell Coinbase International live order book, 3 min ago | 1.97 bp | 10.2 bp −$10 | 14.7 bp −$147 | 43.0 bp −$4,305 | doesn't fit |
GMX: 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget DOGEUSDT | −0.0270% | 8h | 0.1004 | −0.075% | $153.5M | $264.7M | 75x | as long as short |
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.1007 | +0.223% | $409K | $4.6M | 2.8x | as long as short |
| Deribit DOGE_USDC-PERPETUAL | 0.0000% | 1h | 0.1008 | +0.248% | $610K | $105K | 25x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S −0.0001% | 1h | 0.1005 | −0.006% | $32K | — | 150x | as long as short |
| dYdX DOGE-USD | +0.0010% | 1h | 0.1006 | +0.032% | $226K | $44K | 10x | as long as short |
| Phoenix DOGE | +0.0081% | 1h | 0.1017 | +1.148% | $16K | $222K | 10x | as long as short |
| Gate DOGE_USDT | +0.0085% | 8h | 0.1005 | −0.025% | $241.5M | $122.7M | 75x | as long as short |
| Lighter DOGE | +0.0096% | 1h | 0.1008 | +0.238% | $787K | $5.3M | 15x | as long as short |
| Katana Perps DOGE-USD | +0.0096% | 8h | 0.1006 | +0.035% | $2K | $362K | 10x | as long as short |
| Nado DOGE-PERP | +0.0100% | 1h | 0.1005 | +0.017% | $705K | $782K | 10x | as long as short |
Bitget DOGEUSDT
Kalshi KXDOGEPERP
Deribit DOGE_USDC-PERPETUAL
gTrade (Gains Network) DOGE/USD
dYdX DOGE-USD
Phoenix DOGE
Gate DOGE_USDT
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 | 0.1006 | +0.047% | $5.2M | $42.7M | 75x | as long as short |
| Pacifica DOGE | +0.0100% | 1h | 0.1007 | +0.139% | $337K | $503K | 20x | as long as short |
| Binance DOGEUSDT | +0.0100% | 8h | 0.1006 | +0.025% | $323.6M | $1.31B | 75x | as long as short |
| Bybit DOGEUSDT | +0.0100% | 8h | 0.1005 | −0.035% | $162.6M | $412.1M | 75x | as long as short |
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.1005 | +0.015% | $109.5M | $924.5M | 50x | as long as short |
| Arcus DOGE-USD | +0.0100% | 1h | 0.1006 | +0.104% | $28K | $76K | 10x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.1017 | +1.190% | $390K | $17K | 10x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.1005 | +0.015% | $111.2M | $216.0M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.1005 | +0.005% | $65.7M | $39.9M | 75x | as long as short |
| BingX DOGE-USDT | +0.0100% | 8h | 0.1005 | +0.005% | — | $74.2M | — | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.1017 | +1.182% | $954K | $7.8M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.1016 | +1.026% | $278K | $114.4M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.1014 | +0.889% | $645K | $4.5M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.1014 | +0.870% | $149K | $241K | 25x | as long as short |
| Polymarket Perps DOGE-USD | +0.0100% | 1h | 0.1005 | −0.045% | $271K | $536K | 10x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.1005 | −0.035% | $73K | $432K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.1008 | +0.226% | $25K | $1K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.1008 | +0.307% | $36K | $2.2M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.1008 | +0.254% | $2K | $3.5M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.1008 | +0.235% | $6.1M | $49.4M | 75x | as long as short |
| Phemex DOGEUSDT | +0.0100% | 8h | 0.1008 | +0.224% | $93.3M | $19.0M | 50x | as long as short |
| Paradex DOGE-USD-PERP | +0.0101% | 8h | 0.1006 | +0.056% | $18K | $5K | 30x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.1006 | +0.028% | $557K | $3.6M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.1008 | +0.231% | $19K | — | 3x | as long as short |
| Reya DOGERUSDPERP | +0.0176% | 1h | 0.1005 | +0.006% | $2K | — | 20x | as long as short |
| 01 Exchange DOGEUSD | +0.0192% | 1h | 0.1006 | +0.083% | $531 | $4K | 10x | as long as short |
| Coinbase International DOGE-PERP-INTXshort | +0.0216% | 1h | 0.1008 | +0.234% | $2.0M | $23.4M | 50x | |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.1007 | +0.174% | $15.4M | $25.0M | 75x | as long as short |
| GMX DOGE/USD [ETH-USDC]long | L +0.0246% / S −0.0271% | 1h | 0.1005 | long leg | $315K | — | 200x | |
| Kraken Futures PF_DOGEUSD | +0.0362% | 1h | 0.1007 | +0.192% | $6.0M | $32.4M | 50x | as long as short |
| Hyperliquid DOGE | +0.0414% | 1h | 0.1006 | +0.114% | $111.1M | $82.0M | 10x | as long as short |
| Backpack DOGE_USDC_PERP | +0.0420% | 1h | 0.1008 | +0.313% | $540K | $946K | 15x | as long as short |
| RISEx DOGE/USDC | +0.0702% | 1h | 0.1006 | +0.109% | $315K | $477K | 10x | as long as short |
| Injective DOGE/USDC PERP | +0.0966% | 1h | 0.1018 | +1.268% | $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-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
01 Exchange DOGEUSD
BloFin DOGE-USDT
Kraken Futures PF_DOGEUSD
Hyperliquid DOGE
Backpack DOGE_USDC_PERP
RISEx DOGE/USDC
Injective DOGE/USDC PERP