DOGE

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0033%/8h= −3.6% APRnext payment −$0.04 per $10,000 · paid last 24h −0.218%

Price spread now: dYdX against Injective−5.252%7-day average −0.270% · you buy dearer than you sell

Net, funding: paid 7d − costs−$302as in the Funding arb table

Net, price: spread back to 7d avg − costs−$641as in the Price arb table

costs, in and out, $10k−$1431.431% of the position

Long on Injective Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days−1.592%−$159 on $10k

Price spread, last 4 days (all we have)+5.245%+$525 · spread now −5.252%, 7d avg −0.270%

Together, before fees+3.653%+$365 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and dYdX is 4.982% cheaper against Injective than usual: you would sell low and buy high (−$498 if the spread goes back to its 7-day average of −0.270%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective DOGE/USDC PERP	0.1053	0.0033	pay 0.0004% / 1h	42m 18s	$6K	$242K	12x
Short	dYdX DOGE-USD	0.09977	0	get 0.0000% / 1h	42m 18s	$224K	$69K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Injective. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee InjectivebpFee dYdXbpOrdersPrice spread, now −5.252%Rate

Funding earned: −$7
Price spread: −5.252% → −0.270%: −$498.19
Slippage, 4 orders: −$133.1
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$648.31
Costs to cover: 1.431%
Break-even: never at this rate

Slippage from Injective: live order book, 82 min ago; dYdX: live order book, 62 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, 82 min ago	34.98 bp	35.0 bp −$35	doesn't fit	doesn't fit	doesn't fit
Sell dYdX live order book, 62 min ago	31.06 bp	37.1 bp −$37	87.6 bp −$876	105.9 bp −$10.6K	117.5 bp −$58.8K

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	−0.0060%	1h	0.09977	−5.252%	$5.6M	$40.7M	50x	as long as short
dYdX DOGE-USDshort	0.0000%	1h	0.09977	−5.252%	$224K	$69K	10x
Kalshi KXDOGEPERP	0.0000%	8h	0.09964	−5.370%	$593K	$6.5M	2.8x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S 0.0000%	1h	0.09976	−5.261%	$35K	—	150x	as long as short
Bitget DOGEUSDT	+0.0023%	8h	0.09971	−5.309%	$141.0M	$345.8M	75x	as long as short
Injective DOGE/USDC PERPlong	+0.0033%	1h	0.1053	long leg	$6K	$242K	12x
Polymarket Perps DOGE-USD	+0.0060%	1h	0.09976	−5.259%	$260K	$1.2M	10x	as long as short
Deribit DOGE_USDC-PERPETUAL	+0.0081%	1h	0.09980	−5.221%	$572K	$252K	25x	as long as short
Lighter DOGE	+0.0096%	1h	0.09987	−5.157%	$839K	$6.8M	15x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.09975	−5.271%	$538K	$1.1M	10x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid DOGE	+0.0100%	1h	0.09989	−5.140%	$124.3M	$117.2M	10x	as long as short
Aster DOGEUSDT	+0.0100%	8h	0.09979	−5.236%	$4.5M	$59.0M	75x	as long as short
Pacifica DOGE	+0.0100%	1h	0.09978	−5.243%	$320K	$503K	20x	as long as short
Binance DOGEUSDT	+0.0100%	8h	0.09979	−5.233%	$328.8M	$1.72B	75x	as long as short
Bybit DOGEUSDT	+0.0100%	8h	0.09973	−5.290%	$165.4M	$524.2M	75x	as long as short
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.09977	−5.252%	$116.2M	$1.21B	50x	as long as short
Arcus DOGE-USD	+0.0100%	1h	0.09975	−5.271%	$17K	$308K	10x	as long as short
Bulk DOGE-USD	+0.0100%	1h	0.09921	−5.782%	$381K	$16K	10x	as long as short
Gate DOGE_USDT	+0.0100%	8h	0.09977	−5.252%	$250.3M	$156.1M	75x	as long as short
MEXC DOGE_USDT	+0.0100%	8h	0.09983	−5.195%	$117.7M	$258.1M	300x	as long as short
KuCoin DOGEUSDTM	+0.0100%	8h	0.09978	−5.242%	$66.5M	$49.9M	75x	as long as short
BingX DOGE-USDC	+0.0100%	8h	0.09975	−5.271%	—	$3.5M	—	as long as short
Backpack DOGE_USDC_PERP	+0.0100%	1h	0.09958	−5.432%	$301K	$1.3M	15x	as long as short
Variational Omni DOGE	+0.0100%	8h	0.09984	−5.189%	$1.1M	$8.7M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.09991	−5.115%	$304K	$140.1M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.09982	−5.208%	$629K	$4.6M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.09980	−5.223%	$146K	$342K	25x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.09977	−5.252%	$71K	$472K	50x	as long as short
Derive DOGE-PERP	+0.0100%	1h	0.09957	−5.444%	$19K	$7K	10x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.09985	−5.176%	$35K	$2.3M	30x	as long as short
SoDEX DOGE-USD	+0.0100%	1h	0.09975	−5.271%	$2K	$5.4M	10x	as long as short
HTX DOGE-USDT	+0.0100%	8h	0.09967	−5.350%	$5.9M	$68.9M	75x	as long as short
Phemex DOGEUSDT	+0.0100%	8h	0.09962	−5.394%	$91.2M	$16.8M	50x	as long as short
Paradex DOGE-USD-PERP	+0.0100%	8h	0.09976	−5.265%	$18K	$5K	30x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.09971	−5.310%	$488K	$4.1M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.09978	−5.242%	$19K	—	3x	as long as short
Katana Perps DOGE-USD	+0.0107%	8h	0.09971	−5.309%	$833	$539K	10x	as long as short
Phoenix DOGE	+0.0160%	1h	0.09983	−5.193%	$18K	$382K	10x	as long as short
Reya DOGERUSDPERP	+0.0199%	1h	0.09978	−5.241%	$2K	—	20x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0216%	1h	0.09988	−5.147%	$1.9M	$34.9M	50x	as long as short
BloFin DOGE-USDT	+0.0220%	8h	0.09963	−5.385%	$15.5M	$27.0M	75x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0250% / S −0.0297%	1h	0.09977	−5.248%	$314K	—	200x	as long as short
01 Exchange DOGEUSD	+0.0272%	1h	0.09981	−5.216%	$444	$4K	10x	as long as short
RISEx DOGE/USDC	+0.0731%	1h	0.09989	−5.138%	$407K	$462K	10x	as long as short