Funding you earn now, next payment 05:00 UTC+0.0098%/8h= +10.7% APRpaid last 24h −0.022%
Price spread now: Deribit against Katana Perps+0.105%7-day average +0.023% · 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)−0.071%−$7 on $10k
+Price spread, last 4 days (all we have)−0.073%−$7 · spread now +0.105%, 7d avg +0.023%
=Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Deribit is 0.083% dearer against Katana Perps than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.023%. Mind the row above: over the last 4 days funding on this pair cost −0.071%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Katana Perps DOGE-USD | 0.1053 | 0.0126 | pay 0.0126% / 8h | 3h 52m | $2K | $480K | 10x |
| Short | Deribit DOGE_USDC-PERPETUAL | 0.1054 | 0.0224 | get 0.0028% / 1h | 52m 56s | $594K | $241K | 25x |
Katana Perps DOGE-USD
Deribit DOGE_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- $20.49
- Price spread: +0.105% → +0.023%
- $8.25
- Slippage, 4 orders
- no order book: not counted
- Fee Katana Perps: 1.9 bp × 2 orders
- −$3.8
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- $17.94
- Costs to cover
- 0.108%
- Break-even
- 0.9 days
Slippage unknown: Katana Perps: no order-book sample; Deribit: live order book, 1 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 Deribit live order book, 1 min ago | 5.70 bp | 9.7 bp −$10 | 54.4 bp −$544 | doesn't fit | 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 | −0.0010% | 8h | 0.1056 | +0.304% | $143.6M | $305.9M | 75x | as long as short |
| dYdX DOGE-USD | 0.0000% | 1h | 0.1053 | −0.042% | $236K | $59K | 10x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S 0.0000% | 1h | 0.1055 | +0.125% | $25K | — | 150x | as long as short |
| Lighter DOGE | +0.0096% | 1h | 0.1055 | +0.209% | $771K | $6.3M | 15x | as long as short |
| Nado DOGE-PERP | +0.0100% | 1h | 0.1054 | +0.109% | $571K | $1.1M | 10x | as long as short |
| Aster DOGEUSDT | +0.0100% | 8h | 0.1057 | +0.316% | $5.0M | $52.4M | 75x | as long as short |
| Pacifica DOGE | +0.0100% | 1h | 0.1052 | −0.067% | $347K | $491K | 20x | as long as short |
| Binance DOGEUSDT | +0.0100% | 8h | 0.1056 | +0.304% | $348.9M | $1.55B | 75x | as long as short |
| Bybit DOGEUSDT | +0.0100% | 8h | 0.1056 | +0.256% | $174.7M | $480.9M | 75x | as long as short |
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.1056 | +0.256% | $119.9M | $1.14B | 50x | as long as short |
Bitget DOGEUSDT
dYdX DOGE-USD
gTrade (Gains Network) DOGE/USD
Lighter DOGE
Nado DOGE-PERP
Aster DOGEUSDT
Pacifica DOGE
Binance DOGEUSDT
Bybit DOGEUSDT
OKX DOGE-USDT-SWAPShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bulk DOGE-USD | +0.0100% | 1h | 0.1047 | −0.623% | $402K | $11K | 10x | as long as short |
| Gate DOGE_USDT | +0.0100% | 8h | 0.1056 | +0.275% | $259.5M | $140.1M | 75x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.1057 | +0.351% | $119.1M | $238.7M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.1055 | +0.142% | $69.6M | $46.6M | 75x | as long as short |
| BingX DOGE-USDT | +0.0100% | 8h | 0.1056 | +0.256% | — | $78.0M | — | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.1049 | −0.355% | $1.1M | $8.2M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.1048 | −0.472% | $318K | $133.6M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.1028 | −2.353% | $651K | $4.5M | 10x | as long as short |
| Polymarket Perps DOGE-USD | +0.0100% | 1h | 0.1054 | +0.085% | $271K | $886K | 10x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.1055 | +0.161% | $74K | $440K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.1055 | +0.159% | $26K | $1K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.1055 | +0.125% | $37K | $2.2M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.1055 | +0.133% | $2K | $4.8M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.1055 | +0.197% | $6.2M | $62.2M | 75x | as long as short |
| Phemex DOGEUSDT | +0.0100% | 8h | 0.1054 | +0.085% | $96.9M | $17.1M | 50x | as long as short |
| Paradex DOGE-USD-PERP | +0.0104% | 8h | 0.1053 | −0.029% | $19K | $7K | 30x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.1056 | +0.300% | $515K | $4.1M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.1054 | +0.079% | $20K | — | 3x | as long as short |
| Katana Perps DOGE-USDlong | +0.0126% | 8h | 0.1053 | long leg | $2K | $480K | 10x | |
| Reya DOGERUSDPERP | +0.0191% | 1h | 0.1056 | +0.220% | $2K | — | 20x | as long as short |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.1055 | +0.180% | $16.5M | $27.6M | 75x | as long as short |
| Deribit DOGE_USDC-PERPETUALshort | +0.0224% | 1h | 0.1054 | +0.105% | $594K | $241K | 25x | |
| Phoenix DOGE | +0.0235% | 1h | 0.1050 | −0.281% | $68K | $292K | 10x | as long as short |
| Kraken Futures PF_DOGEUSD | +0.0239% | 1h | 0.1054 | +0.070% | $5.8M | $37.3M | 50x | as long as short |
| 01 Exchange DOGEUSD | +0.0248% | 1h | 0.1053 | −0.034% | $468 | $4K | 10x | as long as short |
| Backpack DOGE_USDC_PERP | +0.0255% | 1h | 0.1056 | +0.285% | $353K | $1.2M | 15x | as long as short |
| GMX DOGE/USD [ETH-USDC] | L +0.0261% / S −0.0320% | 1h | 0.1054 | +0.113% | $347K | — | 200x | as long as short |
| Kalshi KXDOGEPERP | +0.0292% | 8h | 0.1056 | +0.245% | $757K | $6.1M | 2.8x | as long as short |
| Coinbase International DOGE-PERP-INTX | +0.0304% | 1h | 0.1055 | +0.152% | $2.2M | $31.7M | 50x | as long as short |
| Arcus DOGE-USD | +0.0634% | 1h | 0.1053 | −0.057% | $114K | $200K | 10x | as long as short |
| Hyperliquid DOGE | +0.0706% | 1h | 0.1057 | +0.380% | $130.5M | $106.5M | 10x | as long as short |
| RISEx DOGE/USDC | +0.0728% | 1h | 0.1053 | +0.020% | $425K | $426K | 10x | as long as short |
| Injective DOGE/USDC PERP | +0.1062% | 1h | 0.1053 | −0.019% | $6K | $242K | 12x | as long as short |
| ApeX Omni DOGEUSDT | +0.1281% | 1h | 0.1047 | −0.589% | $164K | $302K | 25x | as long as short |
Bulk DOGE-USD
Gate DOGE_USDT
MEXC DOGE_USDT
KuCoin DOGEUSDTM
BingX DOGE-USDT
Variational Omni DOGE
edgeX DOGEUSDC
GRVT DOGE_USDT_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
BloFin DOGE-USDT
Phoenix DOGE
Kraken Futures PF_DOGEUSD
01 Exchange DOGEUSD
Backpack DOGE_USDC_PERP
GMX DOGE/USD [ETH-USDC]
Kalshi KXDOGEPERP
Coinbase International DOGE-PERP-INTX
Arcus DOGE-USD
Hyperliquid DOGE
RISEx DOGE/USDC
Injective DOGE/USDC PERP
ApeX Omni DOGEUSDT