Funding you earn now, next payment 09:00 UTC+0.0270%/8h= +29.6% APRpaid last 24h −0.015%
Price spread now: dYdX against Orderly−0.231%80s7-day average +0.005% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.026%−$3 on $10k
+Price spread, last 4 days (all we have)+0.290%+$29 · spread now −0.231%, 7d avg +0.005%
=Funding pays, the price is against you. dYdX is 0.236% cheaper against Orderly than usual: you would sell low and buy high (spread −0.231% now, against its 7-day average of +0.005%). If the spread goes back, that is −$24 on $10k: about 2.9 days of funding at the current rate (+$8 a day). The two prices were read 80 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.026% in total (about -1.4% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_DOGE_USDC | 0.09939 | 0.0100 | pay 0.0100% / 8h | 7h 12m | $71K | $460K | 50x |
| Short | dYdX DOGE-USD | 0.09916 | 0.0370 | get 0.0046% / 1h | 12m 03s | $233K | $72K | 10x |
Orderly PERP_DOGE_USDC
dYdX DOGE-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
dYdX 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
- $56.77
- Price spread: −0.231% → +0.005%
- −$23.56
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee dYdX: 5 bp × 2 orders
- −$10
- Net
- $17.21
- Costs to cover
- 0.160%
- Break-even
- 4.9 days
Slippage unknown: Orderly: no order-book sample; dYdX: live order book, 22 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 dYdX live order book, 22 min ago | 24.83 bp | 94.6 bp −$95 | 94.7 bp −$947 | 99.3 bp −$9,930 | 185.8 bp −$92.9K |
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 43 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_DOGEUSD | −0.0096% | 1h | 0.09938 | −0.007% | $5.4M | $40.6M | 50x | as long as short |
| Bitget DOGEUSDT | −0.0017% | 8h | 0.09933 | −0.060% | $140.4M | $347.4M | 75x | as long as short |
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.09932 | −0.066% | $513K | $6.6M | 2.8x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S 0.0000% | 1h | 0.09936 | −0.026% | $33K | — | 150x | as long as short |
| Injective DOGE/USDC PERP | +0.0033% | 1h | 0.1053 | +5.946% | $6K | $242K | 12x | as long as short |
| Gate DOGE_USDT | +0.0065% | 8h | 0.09934 | −0.050% | $251.1M | $156.3M | 75x | as long as short |
| Phoenix DOGE | +0.0081% | 1h | 0.09907 | −0.317% | $18K | $386K | 10x | as long as short |
| Lighter DOGE | +0.0096% | 1h | 0.09945 | +0.059% | $826K | $6.8M | 15x | as long as short |
| Katana Perps DOGE-USD | +0.0100% | 8h | 0.09927 | −0.121% | $1K | $543K | 10x | as long as short |
| Nado DOGE-PERP | +0.0100% | 1h | 0.09922 | −0.171% | $513K | $1.1M | 10x | as long as short |
Kraken Futures PF_DOGEUSD
Bitget DOGEUSDT
Kalshi KXDOGEPERP
gTrade (Gains Network) DOGE/USD
Injective DOGE/USDC PERP
Gate DOGE_USDT
Phoenix DOGE
Lighter DOGE
Katana Perps DOGE-USD
Nado DOGE-PERPShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid DOGE | +0.0100% | 1h | 0.09945 | +0.062% | $124.0M | $116.9M | 10x | as long as short |
| Aster DOGEUSDT | +0.0100% | 8h | 0.09943 | +0.036% | $5.1M | $58.7M | 75x | as long as short |
| Pacifica DOGE | +0.0100% | 1h | 0.09934 | −0.047% | $323K | $478K | 20x | as long as short |
| Binance DOGEUSDT | +0.0100% | 8h | 0.09940 | +0.012% | $327.7M | $1.70B | 75x | as long as short |
| Bybit DOGEUSDT | +0.0100% | 8h | 0.09935 | −0.040% | $166.8M | $520.6M | 75x | as long as short |
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.09940 | +0.010% | $116.0M | $1.18B | 50x | as long as short |
| Arcus DOGE-USD | +0.0100% | 1h | 0.09926 | −0.131% | $17K | $307K | 10x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.09908 | −0.310% | $378K | $2K | 10x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.09937 | −0.020% | $115.6M | $264.9M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.09938 | −0.010% | $65.7M | $49.0M | 75x | as long as short |
| BingX DOGE-USDC | +0.0100% | 8h | 0.09927 | −0.121% | — | $3.5M | — | as long as short |
| Backpack DOGE_USDC_PERP | +0.0100% | 1h | 0.09940 | +0.010% | $299K | $1.3M | 15x | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.09933 | −0.060% | $1.1M | $8.3M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.09929 | −0.099% | $264K | $140.0M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.09925 | −0.142% | $634K | $4.2M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.09930 | −0.091% | $142K | $348K | 25x | as long as short |
| Polymarket Perps DOGE-USD | +0.0100% | 1h | 0.09930 | −0.091% | $258K | $1.2M | 10x | as long as short |
| Orderly PERP_DOGE_USDClong | +0.0100% | 8h | 0.09939 | long leg | $71K | $460K | 50x | |
| SunX DOGE-USDT | +0.0100% | 8h | 0.09939 | 0.000% | $35K | $2.2M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.09939 | 0.000% | $2K | $5.5M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.09947 | +0.086% | $6.0M | $67.6M | 75x | as long as short |
| Phemex DOGEUSDT | +0.0100% | 8h | 0.09940 | +0.010% | $90.8M | $16.3M | 50x | as long as short |
| Paradex DOGE-USD-PERP | +0.0100% | 8h | 0.09925 | −0.138% | $18K | $5K | 30x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.09936 | −0.035% | $481K | $4.0M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.09941 | +0.017% | $19K | — | 3x | as long as short |
| Deribit DOGE_USDC-PERPETUAL | +0.0142% | 1h | 0.09945 | +0.059% | $557K | $301K | 25x | as long as short |
| GMX DOGE/USD [ETH-USDC] | L +0.0166% / S −0.0095% | 1h | 0.09936 | −0.032% | $360K | — | 200x | as long as short |
| Reya DOGERUSDPERP | +0.0203% | 1h | 0.09904 | −0.350% | $2K | — | 20x | as long as short |
| Coinbase International DOGE-PERP-INTX | +0.0208% | 1h | 0.09947 | +0.080% | $2.2M | $35.3M | 50x | as long as short |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.09915 | −0.241% | $15.3M | $26.9M | 75x | as long as short |
| 01 Exchange DOGEUSD | +0.0224% | 1h | 0.09929 | −0.102% | $457 | $4K | 10x | as long as short |
| dYdX DOGE-USDshort | +0.0370% | 1h | 0.09916 | −0.231% | $233K | $72K | 10x | |
| RISEx DOGE/USDC | +0.0717% | 1h | 0.09931 | −0.086% | $402K | $451K | 10x | as long as short |
Hyperliquid DOGE
Aster DOGEUSDT
Pacifica DOGE
Binance DOGEUSDT
Bybit DOGEUSDT
OKX DOGE-USDT-SWAP
Arcus DOGE-USD
Bulk DOGE-USD
MEXC DOGE_USDT
KuCoin DOGEUSDTM
BingX DOGE-USDC
Backpack DOGE_USDC_PERP
Variational Omni DOGE
edgeX DOGEUSDC
GRVT DOGE_USDT_Perp
ApeX Omni DOGEUSDT
Polymarket Perps DOGE-USD
SunX DOGE-USDT
SoDEX DOGE-USD
HTX DOGE-USDT
Phemex DOGEUSDT
Paradex DOGE-USD-PERP
Extended DOGE-USD
Aevo DOGE-PERP
Deribit DOGE_USDC-PERPETUAL
GMX DOGE/USD [ETH-USDC]
Reya DOGERUSDPERP
Coinbase International DOGE-PERP-INTX
BloFin DOGE-USDT
01 Exchange DOGEUSD
RISEx DOGE/USDC