Funding you earn now, next payment 09:00 UTC−0.0066%/8h= −7.2% APRnext payment −$0.08 per $10,000 · paid last 24h −0.045%
Price spread now: SoDEX against GMX+0.036%7-day average −0.021% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)−0.147%−$15 on $10k
+Price spread, last 4 days (all we have)−0.231%−$23 · spread now +0.036%, 7d avg −0.021%
=The price spread pays, funding is against you. SoDEX is 0.057% dearer against GMX than usual: you sell high and buy low (spread +0.036% now, against its 7-day average of −0.021%): +$6 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 2.9 days. At the pace of the last 4 days (−0.147% in total) that is about 33 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX DOGE/USD [ETH-USDC] | 0.09900 | L +0.0166% / S −0.0007% | pay 0.0021% / 1h | 44m 56s | $413K | — | 200x |
| Short | SoDEX DOGE-USD | 0.09904 | 0.0100 | get 0.0013% / 1h | 44m 56s | $2K | $5.5M | 10x |
GMX DOGE/USD [ETH-USDC]
SoDEX DOGE-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
SoDEX 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
- −$13.9
- Price spread: +0.036% → −0.021%
- $5.7
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Net
- −$28.2
- Costs to cover
- 0.200%
- Break-even
- never at this rate
Slippage unknown: GMX: no order-book sample; SoDEX: live order book, 4 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 SoDEX live order book, 4 min ago | 0.50 bp | 4.5 bp −$5 | 7.8 bp −$78 | 148.8 bp −$14.9K | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_DOGEUSD | −0.0096% | 1h | 0.09905 | +0.042% | $5.5M | $40.7M | 50x | as long as short |
| Bitget DOGEUSDT | −0.0011% | 8h | 0.09899 | −0.014% | $140.7M | $347.5M | 75x | as long as short |
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.09901 | +0.010% | $554K | $6.6M | 2.8x | as long as short |
| Deribit DOGE_USDC-PERPETUAL | 0.0000% | 1h | 0.09906 | +0.054% | $561K | $291K | 25x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S 0.0000% | 1h | 0.09901 | +0.008% | $35K | — | 150x | as long as short |
| Injective DOGE/USDC PERP | +0.0033% | 1h | 0.1053 | +6.359% | $6K | $242K | 12x | as long as short |
| Phoenix DOGE | +0.0081% | 1h | 0.09916 | +0.154% | $18K | $386K | 10x | as long as short |
| Lighter DOGE | +0.0096% | 1h | 0.09913 | +0.129% | $827K | $6.8M | 15x | as long as short |
| Katana Perps DOGE-USD | +0.0100% | 8h | 0.09908 | +0.077% | $1K | $545K | 10x | as long as short |
| Nado DOGE-PERP | +0.0100% | 1h | 0.09904 | +0.036% | $536K | $1.1M | 10x | as long as short |
Kraken Futures PF_DOGEUSD
Bitget DOGEUSDT
Kalshi KXDOGEPERP
Deribit DOGE_USDC-PERPETUAL
gTrade (Gains Network) DOGE/USD
Injective DOGE/USDC PERP
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 | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid DOGE | +0.0100% | 1h | 0.09911 | +0.108% | $123.7M | $117.1M | 10x | as long as short |
| Aster DOGEUSDT | +0.0100% | 8h | 0.09906 | +0.058% | $5.0M | $59.1M | 75x | as long as short |
| Pacifica DOGE | +0.0100% | 1h | 0.09907 | +0.070% | $322K | $490K | 20x | as long as short |
| Binance DOGEUSDT | +0.0100% | 8h | 0.09907 | +0.067% | $328.0M | $1.71B | 75x | as long as short |
| Bybit DOGEUSDT | +0.0100% | 8h | 0.09902 | +0.016% | $164.1M | $522.1M | 75x | as long as short |
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.09907 | +0.067% | $115.5M | $1.19B | 50x | as long as short |
| Arcus DOGE-USD | +0.0100% | 1h | 0.09910 | +0.097% | $16K | $306K | 10x | as long as short |
| Gate DOGE_USDT | +0.0100% | 8h | 0.09902 | +0.016% | $250.8M | $153.2M | 75x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.09907 | +0.067% | $117.9M | $258.2M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.09908 | +0.077% | $66.4M | $50.0M | 75x | as long as short |
| BingX DOGE-USDT | +0.0100% | 8h | 0.09904 | +0.036% | — | $53.5M | — | as long as short |
| Backpack DOGE_USDC_PERP | +0.0100% | 1h | 0.09905 | +0.046% | $302K | $1.3M | 15x | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.09893 | −0.076% | $1.1M | $8.5M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.09913 | +0.127% | $301K | $139.5M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.09911 | +0.108% | $626K | $4.4M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.09910 | +0.097% | $142K | $346K | 25x | as long as short |
| Polymarket Perps DOGE-USD | +0.0100% | 1h | 0.09910 | +0.097% | $258K | $1.2M | 10x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.09901 | +0.006% | $71K | $469K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.09908 | +0.080% | $18K | $7K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.09910 | +0.096% | $35K | $2.2M | 30x | as long as short |
| SoDEX DOGE-USDshort | +0.0100% | 1h | 0.09904 | +0.036% | $2K | $5.5M | 10x | |
| HTX DOGE-USDT | +0.0100% | 8h | 0.09906 | +0.061% | $5.9M | $69.1M | 75x | as long as short |
| Phemex DOGEUSDT | +0.0100% | 8h | 0.09904 | +0.036% | $90.5M | $16.6M | 50x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.09910 | +0.097% | $378K | $2K | 10x | as long as short |
| Paradex DOGE-USD-PERP | +0.0100% | 8h | 0.09905 | +0.049% | $18K | $5K | 30x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.09902 | +0.015% | $481K | $4.1M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.09903 | +0.021% | $19K | — | 3x | as long as short |
| GMX DOGE/USD [ETH-USDC]long | L +0.0166% / S −0.0007% | 1h | 0.09900 | long leg | $413K | — | 200x | |
| Reya DOGERUSDPERP | +0.0201% | 1h | 0.09901 | +0.009% | $2K | — | 20x | as long as short |
| Coinbase International DOGE-PERP-INTX | +0.0208% | 1h | 0.09910 | +0.097% | $1.9M | $35.0M | 50x | as long as short |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.09901 | +0.006% | $15.4M | $26.7M | 75x | as long as short |
| 01 Exchange DOGEUSD | +0.0240% | 1h | 0.09915 | +0.145% | $441 | $4K | 10x | as long as short |
| dYdX DOGE-USD | +0.0403% | 1h | 0.09903 | +0.029% | $223K | $64K | 10x | as long as short |
| RISEx DOGE/USDC | +0.0717% | 1h | 0.09914 | +0.136% | $399K | $455K | 10x | as long as short |
Hyperliquid DOGE
Aster DOGEUSDT
Pacifica DOGE
Binance DOGEUSDT
Bybit DOGEUSDT
OKX DOGE-USDT-SWAP
Arcus 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
HTX DOGE-USDT
Phemex DOGEUSDT
Bulk DOGE-USD
Paradex DOGE-USD-PERP
Extended DOGE-USD
Aevo DOGE-PERP
Reya DOGERUSDPERP
Coinbase International DOGE-PERP-INTX
BloFin DOGE-USDT
01 Exchange DOGEUSD
dYdX DOGE-USD
RISEx DOGE/USDC