Funding you earn now, next payment 09:00 UTC+0.0156%/8h= +17.1% APRnext payment +$0.20 per $10,000 · paid last 24h −0.011%
Price spread now: Deribit against Polymarket Perps−0.121%48s7-day average +0.027% · you buy dearer than you sell
Net, funding: paid 7d − costs−$24as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$420.416% of the position
Funding, last 7 days+0.173%+$17 on $10k
+Price spread, last 4 days (all we have)+0.137%+$14 · spread now −0.121%, 7d avg +0.027%
=Funding pays, the price is against you. Deribit is 0.148% cheaper against Polymarket Perps than usual: you would sell low and buy high (spread −0.121% now, against its 7-day average of +0.027%). If the spread goes back, that is −$15 on $10k: about 3.2 days of funding at the current rate (+$5 a day). The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Polymarket Perps DOGE-USD | 0.09891 | 0.0100 | pay 0.0013% / 1h | 22m 26s | $257K | $1.2M | 10x |
| Short | Deribit DOGE_USDC-PERPETUAL | 0.09878 | 0.0256 | get 0.0032% / 1h | 22m 26s | $557K | $302K | 25x |
Polymarket Perps DOGE-USD
Deribit DOGE_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- $32.76
- Price spread: −0.121% → +0.027%
- −$14.82
- Slippage, 4 orders
- −$26.58
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$23.64
- Costs to cover
- 0.416%
- Break-even
- 12.1 days
Slippage from Polymarket Perps: live order book, 41 min ago; Deribit: live order book, 11 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, 41 min ago | 2.88 bp | 8.9 bp −$9 | 13.3 bp −$133 | doesn't fit | doesn't fit |
| Sell Deribit live order book, 11 min ago | 3.56 bp | 8.0 bp −$8 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_DOGEUSD | −0.0096% | 1h | 0.09880 | −0.108% | $5.5M | $40.8M | 50x | as long as short |
| Bitget DOGEUSDT | −0.0014% | 8h | 0.09885 | −0.056% | $140.0M | $347.1M | 75x | as long as short |
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.09858 | −0.324% | $523K | $6.6M | 2.8x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S 0.0000% | 1h | 0.09869 | −0.222% | $33K | — | 150x | as long as short |
| Injective DOGE/USDC PERP | +0.0033% | 1h | 0.1053 | +6.466% | $6K | $242K | 12x | as long as short |
| Gate DOGE_USDT | +0.0055% | 8h | 0.09887 | −0.035% | $249.9M | $155.1M | 75x | as long as short |
| Phoenix DOGE | +0.0081% | 1h | 0.09822 | −0.696% | $18K | $386K | 10x | as long as short |
| Lighter DOGE | +0.0096% | 1h | 0.09900 | +0.098% | $826K | $6.8M | 15x | as long as short |
| Katana Perps DOGE-USD | +0.0100% | 8h | 0.09886 | −0.045% | $826 | $545K | 10x | as long as short |
| Nado DOGE-PERP | +0.0100% | 1h | 0.09891 | +0.010% | $510K | $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 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid DOGE | +0.0100% | 1h | 0.09901 | +0.104% | $123.4M | $116.2M | 10x | as long as short |
| Aster DOGEUSDT | +0.0100% | 8h | 0.09892 | +0.016% | $4.9M | $58.9M | 75x | as long as short |
| Pacifica DOGE | +0.0100% | 1h | 0.09889 | −0.014% | $321K | $481K | 20x | as long as short |
| Binance DOGEUSDT | +0.0100% | 8h | 0.09890 | −0.005% | $326.3M | $1.71B | 75x | as long as short |
| Bybit DOGEUSDT | +0.0100% | 8h | 0.09887 | −0.035% | $164.3M | $522.0M | 75x | as long as short |
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.09892 | +0.015% | $114.6M | $1.19B | 50x | as long as short |
| Arcus DOGE-USD | +0.0100% | 1h | 0.09896 | +0.056% | $16K | $306K | 10x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.09784 | −1.075% | $374K | $2K | 10x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.09889 | −0.015% | $115.0M | $262.0M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.09891 | +0.005% | $65.7M | $49.2M | 75x | as long as short |
| BingX DOGE-USDC | +0.0100% | 8h | 0.09886 | −0.045% | — | $3.5M | — | as long as short |
| Backpack DOGE_USDC_PERP | +0.0100% | 1h | 0.09879 | −0.116% | $302K | $1.3M | 15x | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.09791 | −1.005% | $1.0M | $8.4M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.09813 | −0.785% | $261K | $139.2M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.09813 | −0.786% | $627K | $4.2M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.09820 | −0.713% | $140K | $348K | 25x | as long as short |
| Polymarket Perps DOGE-USDlong | +0.0100% | 1h | 0.09891 | long leg | $257K | $1.2M | 10x | |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.09873 | −0.177% | $70K | $465K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.09809 | −0.827% | $18K | $7K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.09879 | −0.112% | $35K | $2.2M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.09879 | −0.116% | $2K | $5.4M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.09880 | −0.108% | $5.9M | $69.3M | 75x | as long as short |
| Phemex DOGEUSDT | +0.0100% | 8h | 0.09876 | −0.147% | $90.2M | $16.5M | 50x | as long as short |
| Paradex DOGE-USD-PERP | +0.0100% | 8h | 0.09891 | +0.005% | $18K | $5K | 30x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.09888 | −0.026% | $478K | $4.1M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.09875 | −0.161% | $19K | — | 3x | as long as short |
| Reya DOGERUSDPERP | +0.0202% | 1h | 0.09890 | −0.001% | $2K | — | 20x | as long as short |
| Coinbase International DOGE-PERP-INTX | +0.0208% | 1h | 0.09877 | −0.136% | $1.9M | $34.8M | 50x | as long as short |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.09875 | −0.157% | $15.5M | $26.9M | 75x | as long as short |
| 01 Exchange DOGEUSD | +0.0232% | 1h | 0.09895 | +0.043% | $455 | $4K | 10x | as long as short |
| GMX DOGE/USD [ETH-USDC] | L +0.0251% / S −0.0267% | 1h | 0.09873 | −0.180% | $329K | — | 200x | as long as short |
| Deribit DOGE_USDC-PERPETUALshort | +0.0256% | 1h | 0.09878 | −0.121% | $557K | $302K | 25x | |
| dYdX DOGE-USD | +0.0450% | 1h | 0.09889 | −0.012% | $232K | $74K | 10x | as long as short |
| RISEx DOGE/USDC | +0.0717% | 1h | 0.09899 | +0.089% | $398K | $449K | 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
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
Coinbase International DOGE-PERP-INTX
BloFin DOGE-USDT
01 Exchange DOGEUSD
GMX DOGE/USD [ETH-USDC]
dYdX DOGE-USD
RISEx DOGE/USDC