Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.027%
Price spread now: Backpack against Polymarket Perps−0.099%7-day average +0.002% · you buy dearer than you sell
Net, funding: paid 7d − costs+$6as in the Funding arb table
Net, price: spread back to 7d avg − costs−$42as in the Price arb table
costs, in and out, $10k−$320.323% of the position
Funding, last 7 days+0.384%+$38 on $10k
+Price spread, last 3 days (all we have)−0.032%−$3 · spread now −0.099%, 7d avg +0.002%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Backpack is 0.102% cheaper against Polymarket Perps than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of +0.002%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Polymarket Perps DOGE-USD | 0.1007 | 0.0100 | pay 0.0013% / 1h | 19m 24s | $268K | $635K | 10x |
| Short | Backpack DOGE_USDC_PERP | 0.1006 | 0.0100 | get 0.0013% / 1h | 19m 24s | $364K | $1.1M | 15x |
Polymarket Perps DOGE-USD
Backpack DOGE_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Polymarket Perps. 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: −0.099% → +0.002%
- −$10.17
- Slippage, 4 orders
- −$14.32
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$42.49
- Costs to cover
- 0.323%
- Break-even
- never at this rate
Slippage from Polymarket Perps: live order book, 53 min ago; Backpack: live order book, 5 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 Polymarket Perps live order book, 53 min ago | 3.03 bp | 8.3 bp −$8 | 8.5 bp −$85 | doesn't fit | doesn't fit |
| Sell Backpack live order book, 5 min ago | 0.50 bp | 10.3 bp −$10 | 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 | −0.0175% | 8h | 0.1006 | −0.020% | $153.2M | $271.3M | 75x | as long as short |
| Kraken Futures PF_DOGEUSD | −0.0077% | 1h | 0.1006 | −0.029% | $6.1M | $33.9M | 50x | as long as short |
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.1005 | −0.159% | $417K | $4.8M | 2.8x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S 0.0000% | 1h | 0.1007 | +0.017% | $24K | — | 150x | as long as short |
| dYdX DOGE-USD | +0.0014% | 1h | 0.1005 | −0.174% | $226K | $44K | 10x | as long as short |
| Deribit DOGE_USDC-PERPETUAL | +0.0068% | 1h | 0.1007 | +0.034% | $606K | $121K | 25x | as long as short |
| Lighter DOGE | +0.0096% | 1h | 0.1006 | −0.096% | $785K | $5.8M | 15x | as long as short |
| Katana Perps DOGE-USD | +0.0100% | 8h | 0.1006 | −0.109% | $2K | $415K | 10x | as long as short |
| Nado DOGE-PERP | +0.0100% | 1h | 0.1006 | −0.025% | $516K | $971K | 10x | as long as short |
| Aster DOGEUSDT | +0.0100% | 8h | 0.1006 | −0.073% | $4.9M | $46.5M | 75x | as long as short |
Bitget DOGEUSDT
Kraken Futures PF_DOGEUSD
Kalshi KXDOGEPERP
gTrade (Gains Network) DOGE/USD
dYdX DOGE-USD
Deribit DOGE_USDC-PERPETUAL
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 | 0.1006 | −0.109% | $335K | $511K | 20x | as long as short |
| Binance DOGEUSDT | +0.0100% | 8h | 0.1007 | +0.058% | $320.0M | $1.40B | 75x | as long as short |
| Bybit DOGEUSDT | +0.0100% | 8h | 0.1007 | +0.050% | $160.1M | $438.5M | 75x | as long as short |
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.1006 | −0.020% | $111.4M | $970.7M | 50x | as long as short |
| Arcus DOGE-USD | +0.0100% | 1h | 0.1006 | −0.020% | $28K | $82K | 10x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.1007 | +0.043% | $386K | $5K | 10x | as long as short |
| Gate DOGE_USDT | +0.0100% | 8h | 0.1007 | −0.010% | $245.0M | $130.1M | 75x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.1007 | +0.070% | $113.2M | $225.2M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.1007 | +0.040% | $66.0M | $42.4M | 75x | as long as short |
| BingX DOGE-USDT | +0.0100% | 8h | 0.1007 | +0.050% | — | $76.1M | — | as long as short |
| Backpack DOGE_USDC_PERPshort | +0.0100% | 1h | 0.1006 | −0.099% | $364K | $1.1M | 15x | |
| Variational Omni DOGE | +0.0100% | 8h | 0.1004 | −0.210% | $989K | $8.1M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.1005 | −0.152% | $266K | $124.4M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.1005 | −0.178% | $630K | $4.5M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.1004 | −0.258% | $148K | $268K | 25x | as long as short |
| Polymarket Perps DOGE-USDlong | +0.0100% | 1h | 0.1007 | long leg | $268K | $635K | 10x | |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.1006 | −0.060% | $73K | $424K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.1007 | −0.003% | $25K | $1K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.1007 | +0.005% | $36K | $2.2M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.1006 | −0.030% | $2K | $3.8M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.1007 | −0.009% | $6.0M | $52.5M | 75x | as long as short |
| Phemex DOGEUSDT | +0.0100% | 8h | 0.1006 | −0.040% | $92.9M | $17.8M | 50x | as long as short |
| Paradex DOGE-USD-PERP | +0.0100% | 8h | 0.1005 | −0.162% | $18K | $5K | 30x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.1005 | −0.112% | $532K | $3.9M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.1008 | +0.158% | $19K | — | 3x | as long as short |
| 01 Exchange DOGEUSD | +0.0176% | 1h | 0.1007 | +0.036% | $532 | $4K | 10x | as long as short |
| Reya DOGERUSDPERP | +0.0182% | 1h | 0.1007 | +0.063% | $2K | — | 20x | as long as short |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.1005 | −0.169% | $15.4M | $25.6M | 75x | as long as short |
| Coinbase International DOGE-PERP-INTX | +0.0240% | 1h | 0.1007 | +0.030% | $2.0M | $25.1M | 50x | as long as short |
| Phoenix DOGE | +0.0240% | 1h | 0.1008 | +0.182% | $65K | $283K | 10x | as long as short |
| GMX DOGE/USD [ETH-USDC] | L +0.0247% / S −0.0272% | 1h | 0.1006 | −0.063% | $316K | — | 200x | as long as short |
| RISEx DOGE/USDC | +0.0701% | 1h | 0.1006 | −0.033% | $325K | $404K | 10x | as long as short |
| Hyperliquid DOGE | +0.0811% | 1h | 0.1008 | +0.189% | $122.9M | $95.1M | 10x | as long as short |
| Injective DOGE/USDC PERP | +0.0973% | 1h | 0.1012 | +0.536% | $5K | $239K | 12x | as long as short |
Pacifica DOGE
Binance DOGEUSDT
Bybit DOGEUSDT
OKX DOGE-USDT-SWAP
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
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