Funding you earn now, next payment 22:00 UTC+0.0151%/8h= +16.5% APRnext payment +$0.19 per $10,000 · paid last 24h +0.019%
Price spread now: Backpack against Pacifica+0.004%7-day average −0.039% · you sell dearer than you buy
Net, funding: paid 7d − costs−$27as in the Funding arb table
Net, price: spread back to 7d avg − costs−$22as in the Price arb table
costs, in and out, $10k−$270.267% of the position
Funding, last 7 days−0.003%$0 on $10k
+Price spread, last 4 days (all we have)−0.158%−$16 · spread now +0.004%, 7d avg −0.039%
=Together, before fees−0.160%+ Points / potential airdropPacifica: Active · farm board−$16 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Backpack is 0.043% dearer against Pacifica than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.039%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Pacifica DOGE | 0.09940 | 0.0100 | pay 0.0013% / 1h | 17m 38s | $335K | $495K | 20x |
| Short | Backpack DOGE_USDC_PERP | 0.09940 | 0.0251 | get 0.0031% / 1h | 17m 38s | $525K | $931K | 15x |
Pacifica DOGE
Backpack DOGE_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Pacifica. 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
- $31.66
- Price spread: +0.004% → −0.039%
- $4.32
- Slippage, 4 orders
- −$8.71
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- $9.26
- Costs to cover
- 0.267%
- Break-even
- 5.0 days
Slippage from Pacifica: live order book, 6 min ago; Backpack: live order book, 6 min ago.
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 Pacifica live order book, 6 min ago | 2.51 bp | 6.5 bp −$7 | 8.4 bp −$84 | doesn't fit | doesn't fit |
| Sell Backpack live order book, 6 min ago | 0.50 bp | 5.9 bp −$6 | 12.3 bp −$123 | 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 | −0.0280% | 8h | 0.09937 | −0.026% | $152.4M | $260.9M | 75x | as long as short |
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.09944 | +0.040% | $369K | $4.4M | 2.8x | as long as short |
| Deribit DOGE_USDC-PERPETUAL | 0.0000% | 1h | 0.09953 | +0.133% | $622K | $106K | 25x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S −0.0001% | 1h | 0.09952 | +0.125% | $32K | — | 150x | as long as short |
| Gate DOGE_USDT | +0.0068% | 8h | 0.09939 | −0.006% | $236.9M | $120.3M | 75x | as long as short |
| Phoenix DOGE | +0.0080% | 1h | 0.09960 | +0.205% | $15K | $225K | 10x | as long as short |
| dYdX DOGE-USD | +0.0095% | 1h | 0.09940 | +0.002% | $223K | $44K | 10x | as long as short |
| Katana Perps DOGE-USD | +0.0096% | 8h | 0.09948 | +0.085% | $842 | $344K | 10x | as long as short |
| Lighter DOGE | +0.0096% | 1h | 0.09943 | +0.030% | $782K | $5.1M | 15x | as long as short |
| Nado DOGE-PERP | +0.0100% | 1h | 0.09943 | +0.034% | $630K | $698K | 10x | 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
Katana Perps DOGE-USD
Lighter DOGE
Nado DOGE-PERPShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster DOGEUSDT | +0.0100% | 8h | 0.09938 | −0.016% | $4.8M | $40.6M | 75x | as long as short |
| Pacifica DOGElong | +0.0100% | 1h | 0.09940 | long leg | $335K | $495K | 20x | |
| Binance DOGEUSDT | +0.0100% | 8h | 0.09947 | +0.076% | $315.2M | $1.27B | 75x | as long as short |
| Bybit DOGEUSDT | +0.0100% | 8h | 0.09941 | +0.014% | $158.5M | $399.2M | 75x | as long as short |
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.09950 | +0.105% | $108.7M | $894.2M | 50x | as long as short |
| Arcus DOGE-USD | +0.0100% | 1h | 0.09956 | +0.165% | $28K | $76K | 10x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.09975 | +0.356% | $382K | $15K | 10x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.09948 | +0.085% | $112.1M | $219.5M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.09937 | −0.026% | $65.2M | $39.3M | 75x | as long as short |
| BingX DOGE-USDC | +0.0100% | 8h | 0.09939 | −0.006% | — | $3.4M | — | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.09967 | +0.275% | $937K | $7.8M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.09977 | +0.379% | $265K | $112.7M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.09962 | +0.225% | $626K | $4.6M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.09970 | +0.306% | $142K | $224K | 25x | as long as short |
| Polymarket Perps DOGE-USD | +0.0100% | 1h | 0.09949 | +0.091% | $272K | $529K | 10x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.09953 | +0.135% | $57K | $397K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.09951 | +0.113% | $24K | $1K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.09958 | +0.182% | $35K | $2.2M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.09951 | +0.115% | $2K | $3.4M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.09945 | +0.057% | $6.0M | $47.3M | 75x | as long as short |
| Phemex DOGEUSDT | +0.0100% | 8h | 0.09940 | +0.004% | $92.2M | $19.0M | 50x | as long as short |
| Paradex DOGE-USD-PERP | +0.0100% | 8h | 0.09948 | +0.081% | $18K | $5K | 30x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.09946 | +0.062% | $550K | $3.6M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.09952 | +0.125% | $19K | — | 3x | as long as short |
| Reya DOGERUSDPERP | +0.0174% | 1h | 0.09952 | +0.120% | $2K | — | 20x | as long as short |
| 01 Exchange DOGEUSD | +0.0176% | 1h | 0.09951 | +0.119% | $525 | $4K | 10x | as long as short |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.09957 | +0.175% | $15.0M | $23.9M | 75x | as long as short |
| Coinbase International DOGE-PERP-INTX | +0.0224% | 1h | 0.09956 | +0.165% | $2.0M | $22.6M | 50x | as long as short |
| GMX DOGE/USD [ETH-USDC] | L +0.0244% / S −0.0247% | 1h | 0.09952 | +0.121% | $318K | — | 200x | as long as short |
| Backpack DOGE_USDC_PERPshort | +0.0251% | 1h | 0.09940 | +0.004% | $525K | $931K | 15x | |
| Kraken Futures PF_DOGEUSD | +0.0287% | 1h | 0.09951 | +0.117% | $6.0M | $31.8M | 50x | as long as short |
| Hyperliquid DOGE | +0.0408% | 1h | 0.09945 | +0.049% | $109.8M | $79.2M | 10x | as long as short |
| RISEx DOGE/USDC | +0.0536% | 1h | 0.09954 | +0.150% | $312K | $472K | 10x | as long as short |
| Injective DOGE/USDC PERP | +0.1013% | 1h | 0.1000 | +0.608% | $5K | $180K | 12x | as long as short |
Aster DOGEUSDT
Binance DOGEUSDT
Bybit DOGEUSDT
OKX DOGE-USDT-SWAP
Arcus DOGE-USD
Bulk DOGE-USD
MEXC DOGE_USDT
KuCoin DOGEUSDTM
BingX DOGE-USDC
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
Reya DOGERUSDPERP
01 Exchange DOGEUSD
BloFin DOGE-USDT
Coinbase International DOGE-PERP-INTX
GMX DOGE/USD [ETH-USDC]
Kraken Futures PF_DOGEUSD
Hyperliquid DOGE
RISEx DOGE/USDC
Injective DOGE/USDC PERP