Funding you earn now, next payment 04:00 UTC−0.0963%/8h= −105.4% APRnext payment −$1.20 per $10,000 · paid last 24h −0.207%
Price spread now: Polymarket Perps against Injective−0.619%51s7-day average −0.210% · you buy dearer than you sell
Net, funding: paid 7d − costs−$265as 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−$790.787% of the position
Funding, last 7 days−1.861%−$186 on $10k
+Price spread, last 4 days (all we have)+0.661%+$66 · spread now −0.619%, 7d avg −0.210%
=Both sides work against this trade now: funding costs −$29 a day on $10k at the current rate, and Polymarket Perps is 0.409% cheaper against Injective than usual: you would sell low and buy high (−$41 if the spread goes back to its 7-day average of −0.210%). Swap the legs. The two prices were read 51 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 | 0.1004 | pay 0.0126% / 1h | 51m 47s | $5K | $239K | 12x |
| Short | Polymarket Perps DOGE-USD | 0.09878 | 0.0041 | get 0.0005% / 1h | 51m 47s | $252K | $812K | 10x |
Injective DOGE/USDC PERP
Polymarket Perps DOGE-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket Perps 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
- −$202.2
- Price spread: −0.619% → −0.210%
- −$40.87
- Slippage, 4 orders
- −$70.7
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$321.79
- Costs to cover
- 0.787%
- Break-even
- never at this rate
Slippage from Injective: live order book, 7 min ago; Polymarket Perps: live order book, 6 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 | 35.30 bp | 35.3 bp −$35 | doesn't fit | doesn't fit | doesn't fit |
| Sell Polymarket Perps live order book, 6 min ago | 0.05 bp | 4.1 bp −$4 | 5.3 bp −$53 | 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 | −0.0063% | 8h | 0.09862 | −0.785% | $149.0M | $274.6M | 75x | as long as short |
| Kraken Futures PF_DOGEUSD | −0.0032% | 1h | 0.09873 | −0.678% | $5.7M | $35.4M | 50x | as long as short |
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.09899 | −0.413% | $429K | $5.2M | 2.8x | as long as short |
| Deribit DOGE_USDC-PERPETUAL | 0.0000% | 1h | 0.09880 | −0.607% | $590K | $118K | 25x | as long as short |
| dYdX DOGE-USD | +0.0001% | 1h | 0.09891 | −0.496% | $222K | $49K | 10x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S 0.0000% | 1h | 0.09880 | −0.604% | $23K | — | 150x | as long as short |
| Polymarket Perps DOGE-USDshort | +0.0041% | 1h | 0.09878 | −0.619% | $252K | $812K | 10x | |
| Lighter DOGE | +0.0096% | 1h | 0.09880 | −0.604% | $745K | $6.2M | 15x | as long as short |
| Katana Perps DOGE-USD | +0.0099% | 8h | 0.09883 | −0.573% | $893 | $446K | 10x | as long as short |
| Nado DOGE-PERP | +0.0100% | 1h | 0.09882 | −0.589% | $526K | $1.0M | 10x | as long as short |
Bitget DOGEUSDT
Kraken Futures PF_DOGEUSD
Kalshi KXDOGEPERP
Deribit DOGE_USDC-PERPETUAL
dYdX DOGE-USD
gTrade (Gains Network) DOGE/USD
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 | 0.09877 | −0.631% | $4.5M | $48.9M | 75x | as long as short |
| Pacifica DOGE | +0.0100% | 1h | 0.09900 | −0.406% | $321K | $482K | 20x | as long as short |
| Binance DOGEUSDT | +0.0100% | 8h | 0.09867 | −0.734% | $315.2M | $1.45B | 75x | as long as short |
| Bybit DOGEUSDT | +0.0100% | 8h | 0.09869 | −0.714% | $158.9M | $442.0M | 75x | as long as short |
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.09870 | −0.704% | $110.1M | $983.7M | 50x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.09930 | −0.101% | $381K | $0 | 10x | as long as short |
| Gate DOGE_USDT | +0.0100% | 8h | 0.09860 | −0.805% | $241.1M | $132.7M | 75x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.09866 | −0.744% | $110.8M | $233.1M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.09867 | −0.734% | $65.2M | $43.4M | 75x | as long as short |
| BingX DOGE-USDC | +0.0100% | 8h | 0.09874 | −0.664% | — | $3.5M | — | as long as short |
| Backpack DOGE_USDC_PERP | +0.0100% | 1h | 0.09870 | −0.704% | $310K | $1.1M | 15x | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.09912 | −0.283% | $973K | $8.2M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.09913 | −0.267% | $294K | $129.0M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.09883 | −0.569% | $622K | $4.4M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.09870 | −0.704% | $143K | $282K | 25x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.09880 | −0.604% | $69K | $437K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.09878 | −0.624% | $24K | $1K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.09895 | −0.452% | $35K | $2.2M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.09878 | −0.624% | $2K | $4.0M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.09873 | −0.670% | $5.9M | $56.9M | 75x | as long as short |
| Phemex DOGEUSDT | +0.0100% | 8h | 0.09875 | −0.654% | $90.8M | $16.6M | 50x | as long as short |
| Paradex DOGE-USD-PERP | +0.0101% | 8h | 0.09891 | −0.498% | $18K | $7K | 30x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.09867 | −0.736% | $495K | $4.0M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.09880 | −0.605% | $19K | — | 3x | as long as short |
| Reya DOGERUSDPERP | +0.0188% | 1h | 0.09886 | −0.546% | $2K | — | 20x | as long as short |
| 01 Exchange DOGEUSD | +0.0192% | 1h | 0.09886 | −0.544% | $527 | $4K | 10x | as long as short |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.09921 | −0.191% | $15.6M | $25.1M | 75x | as long as short |
| Phoenix DOGE | +0.0242% | 1h | 0.09913 | −0.273% | $64K | $288K | 10x | as long as short |
| GMX DOGE/USD [ETH-USDC] | L +0.0246% / S −0.0269% | 1h | 0.09880 | −0.604% | $309K | — | 200x | as long as short |
| Hyperliquid DOGE | +0.0280% | 1h | 0.09878 | −0.626% | $120.3M | $99.9M | 10x | as long as short |
| Coinbase International DOGE-PERP-INTX | +0.0296% | 1h | 0.09895 | −0.453% | $2.3M | $26.5M | 50x | as long as short |
| Arcus DOGE-USD | +0.0690% | 1h | 0.09894 | −0.463% | $117K | $189K | 10x | as long as short |
| RISEx DOGE/USDC | +0.0695% | 1h | 0.09888 | −0.523% | $399K | $411K | 10x | as long as short |
| Injective DOGE/USDC PERPlong | +0.1004% | 1h | 0.09940 | long leg | $5K | $239K | 12x |
Aster DOGEUSDT
Pacifica DOGE
Binance DOGEUSDT
Bybit DOGEUSDT
OKX DOGE-USDT-SWAP
Bulk DOGE-USD
Gate DOGE_USDT
MEXC DOGE_USDT
KuCoin DOGEUSDTM
BingX DOGE-USDC
Backpack DOGE_USDC_PERP
Variational Omni DOGE
edgeX DOGEUSDC
GRVT DOGE_USDT_Perp
ApeX Omni DOGEUSDT
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
Phoenix DOGE
GMX DOGE/USD [ETH-USDC]
Hyperliquid DOGE
Coinbase International DOGE-PERP-INTX
Arcus DOGE-USD
RISEx DOGE/USDC