Funding you earn now, next payment 00:00 UTC−0.0939%/8h= −102.8% APRpaid last 24h −0.201%
Price spread now: Binance against Injective−0.322%117s7-day average −0.192% · you buy dearer than you sell
Net, funding: paid 7d − costs−$225as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$710.715% of the position
Funding, last 7 days−1.533%−$153 on $10k
+Price spread, last 3 days (all we have)+0.357%+$36 · spread now −0.322%, 7d avg −0.192%
=Both sides work against this trade now: funding costs −$28 a day on $10k at the current rate, and Binance is 0.130% cheaper against Injective than usual: you would sell low and buy high (−$13 if the spread goes back to its 7-day average of −0.192%). Swap the legs. The two prices were read 117 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 | Injective DOGE/USDC PERP | 0.09940 | 0.1039 | pay 0.0130% / 1h | 7m 25s | $5K | $239K | 12x |
| Short | Binance DOGEUSDT | 0.09908 | 0.0100 | get 0.0100% / 8h | 7m 25s | $314.2M | $1.38B | 75x |
Injective DOGE/USDC PERP
Binance DOGEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Injective. 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
- −$197.09
- Price spread: −0.322% → −0.192%
- −$13.02
- Slippage, 4 orders
- −$61.43
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$281.56
- Costs to cover
- 0.715%
- Break-even
- never at this rate
Slippage from Injective: live order book, 7 min ago; Binance: live order book, 7 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 Injective live order book, 7 min ago | 30.21 bp | 30.2 bp −$30 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 7 min ago | 0.50 bp | 5.5 bp −$6 | 8.1 bp −$81 | 19.2 bp −$1,915 | 41.7 bp −$20.9K |
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 | −0.0217% | 8h | 0.09897 | −0.433% | $151.2M | $270.4M | 75x | as long as short |
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.09931 | −0.087% | $395K | $4.8M | 2.8x | as long as short |
| Deribit DOGE_USDC-PERPETUAL | 0.0000% | 1h | 0.09935 | −0.045% | $598K | $121K | 25x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S 0.0000% | 1h | 0.09906 | −0.345% | $24K | — | 150x | as long as short |
| dYdX DOGE-USD | +0.0055% | 1h | 0.09918 | −0.223% | $223K | $44K | 10x | as long as short |
| Gate DOGE_USDT | +0.0070% | 8h | 0.09903 | −0.372% | $240.9M | $128.9M | 75x | as long as short |
| Lighter DOGE | +0.0096% | 1h | 0.09922 | −0.178% | $783K | $5.6M | 15x | as long as short |
| Katana Perps DOGE-USD | +0.0098% | 8h | 0.09890 | −0.503% | $955 | $394K | 10x | as long as short |
| Nado DOGE-PERP | +0.0100% | 1h | 0.09900 | −0.402% | $507K | $976K | 10x | as long as short |
| Aster DOGEUSDT | +0.0100% | 8h | 0.09900 | −0.407% | $4.8M | $46.0M | 75x | as long as short |
Bitget DOGEUSDT
Kalshi KXDOGEPERP
Deribit DOGE_USDC-PERPETUAL
gTrade (Gains Network) DOGE/USD
dYdX DOGE-USD
Gate DOGE_USDT
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 | 0.09922 | −0.181% | $331K | $511K | 20x | as long as short |
| Binance DOGEUSDTshort | +0.0100% | 8h | 0.09908 | −0.322% | $314.2M | $1.38B | 75x | |
| Bybit DOGEUSDT | +0.0100% | 8h | 0.09907 | −0.332% | $155.8M | $434.5M | 75x | as long as short |
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.09910 | −0.302% | $108.9M | $947.9M | 50x | as long as short |
| Arcus DOGE-USD | +0.0100% | 1h | 0.09901 | −0.392% | $28K | $82K | 10x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.09906 | −0.342% | $110.6M | $223.0M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.09899 | −0.412% | $65.3M | $42.1M | 75x | as long as short |
| BingX DOGE-USDT | +0.0100% | 8h | 0.09907 | −0.332% | — | $75.9M | — | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.09894 | −0.462% | $1.0M | $8.1M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.09913 | −0.269% | $256K | $120.5M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.09921 | −0.191% | $634K | $4.6M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.09910 | −0.302% | $145K | $251K | 25x | as long as short |
| Polymarket Perps DOGE-USD | +0.0100% | 1h | 0.09894 | −0.466% | $254K | $556K | 10x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.09906 | −0.342% | $72K | $446K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.09930 | −0.100% | $24K | $1K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.09937 | −0.026% | $35K | $2.2M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.09934 | −0.060% | $2K | $3.6M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.09936 | −0.044% | $5.9M | $52.0M | 75x | as long as short |
| Phemex DOGEUSDT | +0.0100% | 8h | 0.09935 | −0.050% | $91.8M | $19.2M | 50x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.09909 | −0.313% | $380K | $12K | 10x | as long as short |
| Paradex DOGE-USD-PERP | +0.0100% | 8h | 0.09912 | −0.285% | $18K | $5K | 30x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.09899 | −0.412% | $520K | $3.7M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.09934 | −0.065% | $19K | — | 3x | as long as short |
| Kraken Futures PF_DOGEUSD | +0.0105% | 1h | 0.09933 | −0.072% | $5.9M | $33.6M | 50x | as long as short |
| Reya DOGERUSDPERP | +0.0180% | 1h | 0.09903 | −0.372% | $2K | — | 20x | as long as short |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.09912 | −0.282% | $15.2M | $25.1M | 75x | as long as short |
| 01 Exchange DOGEUSD | +0.0224% | 1h | 0.09896 | −0.438% | $523 | $4K | 10x | as long as short |
| Phoenix DOGE | +0.0239% | 1h | 0.09933 | −0.073% | $66K | $281K | 10x | as long as short |
| Coinbase International DOGE-PERP-INTX | +0.0240% | 1h | 0.09937 | −0.030% | $2.0M | $24.2M | 50x | as long as short |
| GMX DOGE/USD [ETH-USDC] | L +0.0243% / S −0.0262% | 1h | 0.09905 | −0.353% | $304K | — | 200x | as long as short |
| Backpack DOGE_USDC_PERP | +0.0320% | 1h | 0.09940 | 0.000% | $388K | $1.1M | 15x | as long as short |
| RISEx DOGE/USDC | +0.0708% | 1h | 0.09897 | −0.433% | $313K | $477K | 10x | as long as short |
| Hyperliquid DOGE | +0.0824% | 1h | 0.09912 | −0.286% | $115.8M | $90.3M | 10x | as long as short |
| Injective DOGE/USDC PERPlong | +0.1039% | 1h | 0.09940 | long leg | $5K | $239K | 12x |
Pacifica DOGE
Bybit DOGEUSDT
OKX DOGE-USDT-SWAP
Arcus 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
Bulk DOGE-USD
Paradex DOGE-USD-PERP
Extended DOGE-USD
Aevo DOGE-PERP
Kraken Futures PF_DOGEUSD
Reya DOGERUSDPERP
BloFin DOGE-USDT
01 Exchange DOGEUSD
Phoenix DOGE
Coinbase International DOGE-PERP-INTX
GMX DOGE/USD [ETH-USDC]
Backpack DOGE_USDC_PERP
RISEx DOGE/USDC
Hyperliquid DOGE