Funding you earn now, next payment 05:00 UTC−0.0003%/8h= −0.3% APRpaid last 24h +0.027%
Price spread now: Backpack against Paradex−0.066%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Backpack is 0.066% cheaper against Paradex than usual: you would sell low and buy high, −$7 on $10k if it goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Paradex DOGE-USD-PERP | 0.1041 | 0.0103 | pay 0.0103% / 8h | 3h 31m | $19K | $7K | 30x |
| Short | Backpack DOGE_USDC_PERP | 0.1041 | 0.0100 | get 0.0013% / 1h | 31m 43s | $350K | $1.2M | 15x |
Paradex DOGE-USD-PERP
Backpack DOGE_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Paradex. 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
- −$0.61
- Price spread: −0.066% → 0.000%
- −$6.64
- Slippage, 4 orders
- no order book: not counted
- Fee Paradex: 2 bp × 2 orders
- −$4
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$21.24
- Costs to cover
- 0.140%
- Break-even
- never at this rate
Slippage unknown: Paradex: no order-book sample; Backpack: live order book, 2 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 Paradex no order-book sample | — | — | — | — | — |
| Sell Backpack live order book, 2 min ago | 0.48 bp | 5.5 bp −$5 | 260.9 bp −$2,609 | doesn't fit | doesn't fit |
Paradex: 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 | |
|---|---|---|---|---|---|---|---|---|
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.1044 | +0.312% | $738K | $6.2M | 2.8x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S 0.0000% | 1h | 0.1041 | +0.005% | $25K | — | 150x | as long as short |
| dYdX DOGE-USD | +0.0014% | 1h | 0.1038 | −0.347% | $233K | $70K | 10x | as long as short |
| Bitget DOGEUSDT | +0.0042% | 8h | 0.1038 | −0.268% | $136.5M | $314.0M | 75x | as long as short |
| Lighter DOGE | +0.0096% | 1h | 0.1040 | −0.105% | $738K | $6.4M | 15x | as long as short |
| Nado DOGE-PERP | +0.0100% | 1h | 0.1042 | +0.092% | $565K | $1.1M | 10x | as long as short |
| Aster DOGEUSDT | +0.0100% | 8h | 0.1038 | −0.265% | $5.0M | $54.0M | 75x | as long as short |
| Pacifica DOGE | +0.0100% | 1h | 0.1038 | −0.269% | $335K | $514K | 20x | as long as short |
| Binance DOGEUSDT | +0.0100% | 8h | 0.1037 | −0.358% | $345.4M | $1.59B | 75x | as long as short |
| Bybit DOGEUSDT | +0.0100% | 8h | 0.1038 | −0.345% | $172.1M | $492.6M | 75x | as long as short |
Kalshi KXDOGEPERP
gTrade (Gains Network) DOGE/USD
dYdX DOGE-USD
Bitget DOGEUSDT
Lighter DOGE
Nado DOGE-PERP
Aster DOGEUSDT
Pacifica DOGE
Binance DOGEUSDT
Bybit DOGEUSDTShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.1038 | −0.316% | $119.0M | $1.15B | 50x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.1046 | +0.488% | $402K | $16K | 10x | as long as short |
| Gate DOGE_USDT | +0.0100% | 8h | 0.1037 | −0.354% | $257.1M | $143.7M | 75x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.1037 | −0.374% | $116.5M | $242.3M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.1038 | −0.316% | $68.4M | $47.7M | 75x | as long as short |
| BingX DOGE-USDC | +0.0100% | 8h | 0.1038 | −0.268% | — | $3.5M | — | as long as short |
| Backpack DOGE_USDC_PERPshort | +0.0100% | 1h | 0.1041 | −0.066% | $350K | $1.2M | 15x | |
| Variational Omni DOGE | +0.0100% | 8h | 0.1048 | +0.632% | $1.2M | $8.4M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.1050 | +0.831% | $335K | $135.1M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.1050 | +0.885% | $664K | $4.5M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.1053 | +1.134% | $154K | $324K | 25x | as long as short |
| Polymarket Perps DOGE-USD | +0.0100% | 1h | 0.1043 | +0.145% | $263K | $954K | 10x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.1042 | +0.097% | $73K | $446K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.1042 | +0.090% | $26K | $1K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.1042 | +0.084% | $36K | $2.2M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.1042 | +0.078% | $2K | $5.0M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.1042 | +0.071% | $6.2M | $64.4M | 75x | as long as short |
| Phemex DOGEUSDT | +0.0100% | 8h | 0.1042 | +0.049% | $95.8M | $17.1M | 50x | as long as short |
| Paradex DOGE-USD-PERPlong | +0.0103% | 8h | 0.1041 | long leg | $19K | $7K | 30x | |
| Extended DOGE-USD | +0.0104% | 1h | 0.1039 | −0.240% | $502K | $4.1M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.1042 | +0.078% | $20K | — | 3x | as long as short |
| Katana Perps DOGE-USD | +0.0124% | 8h | 0.1039 | −0.201% | $934 | $495K | 10x | as long as short |
| Reya DOGERUSDPERP | +0.0192% | 1h | 0.1041 | +0.026% | $2K | — | 20x | as long as short |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.1045 | +0.395% | $16.7M | $27.5M | 75x | as long as short |
| Deribit DOGE_USDC-PERPETUAL | +0.0230% | 1h | 0.1042 | +0.113% | $587K | $242K | 25x | as long as short |
| Phoenix DOGE | +0.0235% | 1h | 0.1055 | +1.314% | $19K | $292K | 10x | as long as short |
| Kraken Futures PF_DOGEUSD | +0.0242% | 1h | 0.1042 | +0.051% | $5.6M | $38.4M | 50x | as long as short |
| GMX DOGE/USD [ETH-USDC] | L +0.0260% / S −0.0320% | 1h | 0.1041 | +0.017% | $344K | — | 200x | as long as short |
| 01 Exchange DOGEUSD | +0.0264% | 1h | 0.1044 | +0.314% | $464 | $4K | 10x | as long as short |
| Coinbase International DOGE-PERP-INTX | +0.0304% | 1h | 0.1042 | +0.116% | $2.2M | $32.8M | 50x | as long as short |
| Hyperliquid DOGE | +0.0544% | 1h | 0.1042 | +0.047% | $130.2M | $109.0M | 10x | as long as short |
| Arcus DOGE-USD | +0.0634% | 1h | 0.1040 | −0.114% | $113K | $200K | 10x | as long as short |
| RISEx DOGE/USDC | +0.0728% | 1h | 0.1040 | −0.119% | $420K | $427K | 10x | as long as short |
| Injective DOGE/USDC PERP | +0.1062% | 1h | 0.1053 | +1.134% | $6K | $242K | 12x | as long as short |
OKX DOGE-USDT-SWAP
Bulk DOGE-USD
Gate DOGE_USDT
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
Extended DOGE-USD
Aevo DOGE-PERP
Katana Perps DOGE-USD
Reya DOGERUSDPERP
BloFin DOGE-USDT
Deribit DOGE_USDC-PERPETUAL
Phoenix DOGE
Kraken Futures PF_DOGEUSD
GMX DOGE/USD [ETH-USDC]
01 Exchange DOGEUSD
Coinbase International DOGE-PERP-INTX
Hyperliquid DOGE
Arcus DOGE-USD
RISEx DOGE/USDC
Injective DOGE/USDC PERP