Funding you earn now, next payment 00:00 UTC−0.0083%/8h= −9.1% APRpaid last 24h −0.026%
Price spread now: Deribit against Orderly−0.011%7-day average +0.018% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.117%−$12 on $10k
+Price spread, last 3 days (all we have)+0.035%+$4 · spread now −0.011%, 7d avg +0.018%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Deribit is 0.029% cheaper against Orderly than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.018%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_DOGE_USDC | 0.1012 | 0.0100 | pay 0.0100% / 8h | 54m 31s | $74K | $433K | 50x |
| Short | Deribit DOGE_USDC-PERPETUAL | 0.1012 | 0.0017 | get 0.0002% / 1h | 54m 31s | $612K | $109K | 25x |
Orderly PERP_DOGE_USDC
Deribit DOGE_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against Orderly. 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
- −$17.43
- Price spread: −0.011% → +0.018%
- −$2.88
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$33.31
- Costs to cover
- 0.130%
- Break-even
- never at this rate
Slippage unknown: Orderly: no order-book sample; Deribit: live order book, 24 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 Orderly no order-book sample | — | — | — | — | — |
| Sell Deribit live order book, 24 min ago | 4.98 bp | 9.5 bp −$9 | 15.8 bp −$158 | doesn't fit | doesn't fit |
Orderly: 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 | −0.0250% | 8h | 0.1011 | −0.099% | $154.3M | $267.5M | 75x | as long as short |
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.1012 | −0.006% | $419K | $4.7M | 2.8x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S −0.0001% | 1h | 0.1012 | −0.008% | $33K | — | 150x | as long as short |
| Deribit DOGE_USDC-PERPETUALshort | +0.0017% | 1h | 0.1012 | −0.011% | $612K | $109K | 25x | |
| Phoenix DOGE | +0.0081% | 1h | 0.1012 | −0.010% | $67K | $281K | 10x | as long as short |
| Gate DOGE_USDT | +0.0088% | 8h | 0.1011 | −0.089% | $244.2M | $125.0M | 75x | as long as short |
| Lighter DOGE | +0.0096% | 1h | 0.1011 | −0.078% | $795K | $5.4M | 15x | as long as short |
| Katana Perps DOGE-USD | +0.0097% | 8h | 0.1011 | −0.030% | $845 | $378K | 10x | as long as short |
| Nado DOGE-PERP | +0.0100% | 1h | 0.1011 | −0.035% | $601K | $893K | 10x | as long as short |
| Aster DOGEUSDT | +0.0100% | 8h | 0.1011 | −0.093% | $5.0M | $44.5M | 75x | as long as short |
Bitget DOGEUSDT
Kalshi KXDOGEPERP
gTrade (Gains Network) DOGE/USD
Phoenix DOGE
Gate DOGE_USDT
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 | 0.1011 | −0.091% | $337K | $504K | 20x | as long as short |
| Binance DOGEUSDT | +0.0100% | 8h | 0.1011 | −0.049% | $322.7M | $1.34B | 75x | as long as short |
| Bybit DOGEUSDT | +0.0100% | 8h | 0.1010 | −0.128% | $159.5M | $426.4M | 75x | as long as short |
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.1011 | −0.109% | $110.5M | $945.0M | 50x | as long as short |
| Arcus DOGE-USD | +0.0100% | 1h | 0.1012 | +0.030% | $28K | $77K | 10x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.1004 | −0.798% | $385K | $12K | 10x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.1010 | −0.158% | $115.0M | $217.7M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.1011 | −0.059% | $66.7M | $41.3M | 75x | as long as short |
| BingX DOGE-USDT | +0.0100% | 8h | 0.1011 | −0.049% | — | $75.1M | — | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.1006 | −0.532% | $1.0M | $8.1M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.1007 | −0.430% | $276K | $117.0M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.1008 | −0.415% | $642K | $4.5M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.1008 | −0.366% | $148K | $247K | 25x | as long as short |
| Polymarket Perps DOGE-USD | +0.0100% | 1h | 0.1012 | −0.010% | $264K | $549K | 10x | as long as short |
| Orderly PERP_DOGE_USDClong | +0.0100% | 8h | 0.1012 | long leg | $74K | $433K | 50x | |
| Derive DOGE-PERP | +0.0100% | 1h | 0.1011 | −0.025% | $25K | $1K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.1012 | +0.052% | $36K | $2.2M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.1011 | −0.030% | $2K | $3.6M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.1012 | +0.040% | $6.0M | $50.8M | 75x | as long as short |
| Phemex DOGEUSDT | +0.0100% | 8h | 0.1012 | +0.030% | $93.7M | $19.2M | 50x | as long as short |
| Paradex DOGE-USD-PERP | +0.0100% | 8h | 0.1011 | −0.076% | $18K | $5K | 30x | as long as short |
| Kraken Futures PF_DOGEUSD | +0.0104% | 1h | 0.1011 | −0.030% | $6.0M | $33.0M | 50x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.1011 | −0.073% | $557K | $3.6M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.1012 | −0.018% | $19K | — | 3x | as long as short |
| dYdX DOGE-USD | +0.0126% | 1h | 0.1010 | −0.187% | $227K | $44K | 10x | as long as short |
| Reya DOGERUSDPERP | +0.0178% | 1h | 0.1012 | −0.009% | $2K | — | 20x | as long as short |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.1012 | +0.040% | $15.4M | $25.2M | 75x | as long as short |
| 01 Exchange DOGEUSD | +0.0240% | 1h | 0.1012 | +0.031% | $534 | $4K | 10x | as long as short |
| Coinbase International DOGE-PERP-INTX | +0.0240% | 1h | 0.1012 | +0.010% | $2.0M | $24.0M | 50x | as long as short |
| GMX DOGE/USD [ETH-USDC] | L +0.0245% / S −0.0267% | 1h | 0.1012 | −0.012% | $314K | — | 200x | as long as short |
| Backpack DOGE_USDC_PERP | +0.0501% | 1h | 0.1013 | +0.089% | $541K | $960K | 15x | as long as short |
| RISEx DOGE/USDC | +0.0708% | 1h | 0.1012 | +0.039% | $317K | $475K | 10x | as long as short |
| Hyperliquid DOGE | +0.0909% | 1h | 0.1013 | +0.138% | $115.9M | $85.5M | 10x | as long as short |
| Injective DOGE/USDC PERP | +0.1039% | 1h | 0.1014 | +0.227% | $5K | $239K | 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
Polymarket Perps DOGE-USD
Derive DOGE-PERP
SunX DOGE-USDT
SoDEX DOGE-USD
HTX DOGE-USDT
Phemex DOGEUSDT
Paradex DOGE-USD-PERP
Kraken Futures PF_DOGEUSD
Extended DOGE-USD
Aevo DOGE-PERP
dYdX DOGE-USD
Reya DOGERUSDPERP
BloFin DOGE-USDT
01 Exchange DOGEUSD
Coinbase International DOGE-PERP-INTX
GMX DOGE/USD [ETH-USDC]
Backpack DOGE_USDC_PERP
RISEx DOGE/USDC
Hyperliquid DOGE
Injective DOGE/USDC PERP