Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.027%
Price spread now: Backpack against OKX+0.030%7-day average +0.003% · you sell dearer than you buy
Net, funding: paid 7d − costs−$20as in the Funding arb table
Net, price: spread back to 7d avg − costs−$24as in the Price arb table
costs, in and out, $10k−$270.265% of the position
Funding, last 7 days+0.065%+$6 on $10k
+Price spread, last 4 days (all we have)−0.105%−$11 · spread now +0.030%, 7d avg +0.003%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Backpack is 0.026% dearer against OKX than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.003%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX DOGE-USDT-SWAP | 0.1003 | 0.0100 | pay 0.0100% / 8h | 7h 18m | $110.8M | $968.0M | 50x |
| Short | Backpack DOGE_USDC_PERP | 0.1004 | 0.0100 | get 0.0013% / 1h | 18m 38s | $363K | $1.1M | 15x |
OKX DOGE-USDT-SWAP
Backpack DOGE_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against OKX. 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
- $0
- Price spread: +0.030% → +0.003%
- $2.65
- Slippage, 4 orders
- −$6.51
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$23.86
- Costs to cover
- 0.265%
- Break-even
- never at this rate
Slippage from OKX: live order book, 6 min ago; Backpack: live order book, just now.
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 OKX live order book, 6 min ago | 0.50 bp | 5.5 bp −$5 | 7.2 bp −$72 | 20.8 bp −$2,081 | 51.4 bp −$25.7K |
| Sell Backpack live order book, just now | 1.00 bp | 9.3 bp −$9 | doesn't fit | 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 | −0.0174% | 8h | 0.1002 | −0.130% | $152.5M | $271.3M | 75x | as long as short |
| Kraken Futures PF_DOGEUSD | −0.0077% | 1h | 0.1003 | −0.022% | $6.0M | $33.9M | 50x | as long as short |
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.1006 | +0.262% | $418K | $4.8M | 2.8x | as long as short |
| Deribit DOGE_USDC-PERPETUAL | 0.0000% | 1h | 0.1006 | +0.229% | $605K | $121K | 25x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S 0.0000% | 1h | 0.1007 | +0.326% | $24K | — | 150x | as long as short |
| dYdX DOGE-USD | +0.0014% | 1h | 0.1002 | −0.161% | $225K | $44K | 10x | as long as short |
| Lighter DOGE | +0.0096% | 1h | 0.1004 | +0.024% | $784K | $5.8M | 15x | as long as short |
| Katana Perps DOGE-USD | +0.0100% | 8h | 0.1006 | +0.199% | $2K | $415K | 10x | as long as short |
| Nado DOGE-PERP | +0.0100% | 1h | 0.1006 | +0.284% | $516K | $971K | 10x | as long as short |
| Aster DOGEUSDT | +0.0100% | 8h | 0.1003 | −0.089% | $5.0M | $46.5M | 75x | as long as short |
Bitget DOGEUSDT
Kraken Futures PF_DOGEUSD
Kalshi KXDOGEPERP
Deribit DOGE_USDC-PERPETUAL
gTrade (Gains Network) DOGE/USD
dYdX DOGE-USD
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 | 0.1003 | −0.058% | $334K | $511K | 20x | as long as short |
| Binance DOGEUSDT | +0.0100% | 8h | 0.1003 | −0.067% | $319.1M | $1.40B | 75x | as long as short |
| Bybit DOGEUSDT | +0.0100% | 8h | 0.1004 | +0.040% | $159.6M | $438.6M | 75x | as long as short |
| OKX DOGE-USDT-SWAPlong | +0.0100% | 8h | 0.1003 | long leg | $110.8M | $968.0M | 50x | |
| Arcus DOGE-USD | +0.0100% | 1h | 0.1004 | +0.020% | $28K | $82K | 10x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.1007 | +0.352% | $386K | $5K | 10x | as long as short |
| Gate DOGE_USDT | +0.0100% | 8h | 0.1003 | −0.080% | $244.3M | $130.1M | 75x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.1003 | 0.000% | $112.6M | $225.3M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.1003 | −0.020% | $65.8M | $42.4M | 75x | as long as short |
| BingX DOGE-USDT | +0.0100% | 8h | 0.1003 | −0.060% | — | $76.1M | — | as long as short |
| Backpack DOGE_USDC_PERPshort | +0.0100% | 1h | 0.1004 | +0.030% | $363K | $1.1M | 15x | |
| Variational Omni DOGE | +0.0100% | 8h | 0.1004 | +0.098% | $989K | $8.1M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.1005 | +0.157% | $266K | $124.4M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.1005 | +0.131% | $630K | $4.5M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.1004 | +0.050% | $148K | $268K | 25x | as long as short |
| Polymarket Perps DOGE-USD | +0.0100% | 1h | 0.1007 | +0.309% | $268K | $635K | 10x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.1006 | +0.249% | $73K | $424K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.1006 | +0.229% | $25K | $1K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.1004 | +0.017% | $36K | $2.2M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.1003 | 0.000% | $2K | $3.8M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.1003 | −0.036% | $6.0M | $52.6M | 75x | as long as short |
| Phemex DOGEUSDT | +0.0100% | 8h | 0.1003 | −0.030% | $92.6M | $17.8M | 50x | as long as short |
| Paradex DOGE-USD-PERP | +0.0100% | 8h | 0.1003 | −0.082% | $18K | $5K | 30x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.1003 | −0.012% | $529K | $3.9M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.1006 | +0.227% | $19K | — | 3x | as long as short |
| 01 Exchange DOGEUSD | +0.0176% | 1h | 0.1007 | +0.345% | $532 | $4K | 10x | as long as short |
| Reya DOGERUSDPERP | +0.0182% | 1h | 0.1007 | +0.372% | $2K | — | 20x | as long as short |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.1003 | −0.030% | $15.5M | $25.6M | 75x | as long as short |
| Coinbase International DOGE-PERP-INTX | +0.0240% | 1h | 0.1005 | +0.189% | $2.0M | $25.0M | 50x | as long as short |
| Phoenix DOGE | +0.0240% | 1h | 0.1008 | +0.491% | $65K | $283K | 10x | as long as short |
| GMX DOGE/USD [ETH-USDC] | L +0.0247% / S −0.0272% | 1h | 0.1007 | +0.348% | $316K | — | 200x | as long as short |
| RISEx DOGE/USDC | +0.0701% | 1h | 0.1006 | +0.276% | $325K | $404K | 10x | as long as short |
| Hyperliquid DOGE | +0.0803% | 1h | 0.1004 | +0.050% | $122.3M | $95.2M | 10x | as long as short |
| Injective DOGE/USDC PERP | +0.0973% | 1h | 0.1007 | +0.349% | $5K | $239K | 12x | as long as short |
Pacifica DOGE
Binance DOGEUSDT
Bybit DOGEUSDT
Arcus DOGE-USD
Bulk DOGE-USD
Gate DOGE_USDT
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
Paradex DOGE-USD-PERP
Extended DOGE-USD
Aevo DOGE-PERP
01 Exchange DOGEUSD
Reya DOGERUSDPERP
BloFin DOGE-USDT
Coinbase International DOGE-PERP-INTX
Phoenix DOGE
GMX DOGE/USD [ETH-USDC]
RISEx DOGE/USDC
Hyperliquid DOGE
Injective DOGE/USDC PERP