Funding you earn now, next payment 21:00 UTC+0.0129%/8h= +14.1% APRpaid last 24h +0.015%
Price spread now: Coinbase International against Katana Perps+0.010%7-day average +0.032% · 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)+0.038%+$4 on $10k
+Price spread, last 3 days (all we have)−0.016%−$2 · spread now +0.010%, 7d avg +0.032%
=Funding pays, the price is against you. Coinbase International is 0.022% cheaper against Katana Perps than usual: you would sell low and buy high (spread +0.010% now, against its 7-day average of +0.032%). If the spread goes back, that is −$2 on $10k: about 13 hours of funding at the current rate (+$4 a day). At the pace of the last 4 days (+0.038% in total) that is about 2.0 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Katana Perps DOGE-USD | 0.09979 | 0.0095 | pay 0.0095% / 8h | 2h 20m | $1K | $341K | 10x |
| Short | Coinbase International DOGE-PERP-INTX | 0.09980 | 0.0224 | get 0.0028% / 1h | 20m 19s | $2.0M | $22.6M | 50x |
Katana Perps DOGE-USD
Coinbase International DOGE-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against Katana Perps. 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
- $27
- Price spread: +0.010% → +0.032%
- −$2.16
- Slippage, 4 orders
- no order book: not counted
- Fee Katana Perps: 1.9 bp × 2 orders
- −$3.8
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- $11.03
- Costs to cover
- 0.138%
- Break-even
- 4.1 days
Slippage unknown: Katana Perps: no order-book sample; Coinbase International: 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 Katana Perps no order-book sample | — | — | — | — | — |
| Sell Coinbase International live order book, 4 min ago | 2.01 bp | 9.6 bp −$10 | 15.2 bp −$152 | 41.1 bp −$4,113 | doesn't fit |
Katana Perps: 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 | −0.0279% | 8h | 0.09970 | −0.090% | $153.1M | $260.7M | 75x | as long as short |
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.09978 | −0.005% | $370K | $4.4M | 2.8x | as long as short |
| Deribit DOGE_USDC-PERPETUAL | 0.0000% | 1h | 0.09982 | +0.034% | $624K | $103K | 25x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S −0.0001% | 1h | 0.09972 | −0.066% | $32K | — | 150x | as long as short |
| Gate DOGE_USDT | +0.0068% | 8h | 0.09971 | −0.080% | $237.7M | $120.1M | 75x | as long as short |
| Phoenix DOGE | +0.0080% | 1h | 0.09960 | −0.190% | $15K | $225K | 10x | as long as short |
| dYdX DOGE-USD | +0.0088% | 1h | 0.09981 | +0.024% | $224K | $44K | 10x | as long as short |
| Katana Perps DOGE-USDlong | +0.0095% | 8h | 0.09979 | long leg | $1K | $341K | 10x | |
| Lighter DOGE | +0.0096% | 1h | 0.09983 | +0.045% | $789K | $5.1M | 15x | as long as short |
| Aster DOGEUSDT | +0.0100% | 8h | 0.09978 | −0.010% | $4.8M | $40.6M | 75x | as long as short |
Bitget DOGEUSDT
Kalshi KXDOGEPERP
Deribit DOGE_USDC-PERPETUAL
gTrade (Gains Network) DOGE/USD
Gate DOGE_USDT
Phoenix DOGE
dYdX DOGE-USD
Lighter DOGE
Aster DOGEUSDTShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica DOGE | +0.0100% | 1h | 0.09984 | +0.050% | $338K | $494K | 20x | as long as short |
| Binance DOGEUSDT | +0.0100% | 8h | 0.09986 | +0.075% | $316.4M | $1.27B | 75x | as long as short |
| Bybit DOGEUSDT | +0.0100% | 8h | 0.09984 | +0.050% | $158.4M | $398.6M | 75x | as long as short |
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.09990 | +0.110% | $109.2M | $897.0M | 50x | as long as short |
| Arcus DOGE-USD | +0.0100% | 1h | 0.09985 | +0.060% | $28K | $75K | 10x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.09975 | −0.040% | $382K | $15K | 10x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.09974 | −0.050% | $113.0M | $218.9M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.09974 | −0.050% | $65.4M | $39.3M | 75x | as long as short |
| BingX DOGE-USDT | +0.0100% | 8h | 0.09975 | −0.040% | — | $73.4M | — | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.09967 | −0.121% | $937K | $7.8M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.09956 | −0.231% | $264K | $112.3M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.09955 | −0.242% | $625K | $4.6M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.09950 | −0.291% | $142K | $224K | 25x | as long as short |
| Nado DOGE-PERP | +0.0100% | 1h | 0.09979 | 0.000% | $632K | $697K | 10x | as long as short |
| Polymarket Perps DOGE-USD | +0.0100% | 1h | 0.09972 | −0.067% | $273K | $529K | 10x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.09979 | 0.000% | $57K | $397K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.09980 | +0.011% | $24K | $1K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.09978 | −0.013% | $35K | $2.2M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.09981 | +0.020% | $2K | $3.4M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.09984 | +0.050% | $6.0M | $47.2M | 75x | as long as short |
| Phemex DOGEUSDT | +0.0100% | 8h | 0.09981 | +0.020% | $92.6M | $19.0M | 50x | as long as short |
| Paradex DOGE-USD-PERP | +0.0100% | 8h | 0.09981 | +0.016% | $18K | $5K | 30x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.09978 | −0.006% | $550K | $3.6M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.09979 | 0.000% | $19K | — | 3x | as long as short |
| Reya DOGERUSDPERP | +0.0174% | 1h | 0.09973 | −0.062% | $2K | — | 20x | as long as short |
| 01 Exchange DOGEUSD | +0.0176% | 1h | 0.09982 | +0.031% | $527 | $4K | 10x | as long as short |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.09977 | −0.020% | $15.0M | $24.0M | 75x | as long as short |
| Coinbase International DOGE-PERP-INTXshort | +0.0224% | 1h | 0.09980 | +0.010% | $2.0M | $22.6M | 50x | |
| GMX DOGE/USD [ETH-USDC] | L +0.0244% / S −0.0247% | 1h | 0.09973 | −0.063% | $319K | — | 200x | as long as short |
| Backpack DOGE_USDC_PERP | +0.0252% | 1h | 0.09985 | +0.060% | $527K | $931K | 15x | as long as short |
| Kraken Futures PF_DOGEUSD | +0.0287% | 1h | 0.09980 | +0.011% | $6.0M | $31.8M | 50x | as long as short |
| Hyperliquid DOGE | +0.0418% | 1h | 0.09983 | +0.040% | $110.2M | $79.0M | 10x | as long as short |
| RISEx DOGE/USDC | +0.0536% | 1h | 0.09986 | +0.070% | $313K | $473K | 10x | as long as short |
| Injective DOGE/USDC PERP | +0.1013% | 1h | 0.1000 | +0.210% | $5K | $180K | 12x | as long as short |
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
Nado DOGE-PERP
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
GMX DOGE/USD [ETH-USDC]
Backpack DOGE_USDC_PERP
Kraken Futures PF_DOGEUSD
Hyperliquid DOGE
RISEx DOGE/USDC
Injective DOGE/USDC PERP