Funding you earn now, next payment 09:00 UTC+0.0116%/8h= +12.7% APRnext payment +$0.15 per $10,000 · paid last 24h +0.058%
Price spread now: GMX against Polymarket Perps+0.005%7-day average +0.042% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)+0.169%+$17 on $10k
+Price spread, last 4 days (all we have)+0.193%+$19 · spread now +0.005%, 7d avg +0.042%
=Funding pays, the price is against you. GMX is 0.037% cheaper against Polymarket Perps than usual: you would sell low and buy high (spread +0.005% now, against its 7-day average of +0.042%). If the spread goes back, that is −$4 on $10k: about 25 hours of funding at the current rate (+$3 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Polymarket Perps DOGE-USD | 0.09882 | 0.0100 | pay 0.0013% / 1h | 19m 34s | $257K | $1.2M | 10x |
| Short | GMX DOGE/USD [ETH-USDC] | 0.09883 | L +0.0215% / S −0.0216% | get 0.0027% / 1h | 19m 34s | $291K | — | 200x |
Polymarket Perps DOGE-USD
GMX DOGE/USD [ETH-USDC]Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX 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
- $24.44
- Price spread: +0.005% → +0.042%
- −$3.69
- Slippage, 4 orders
- no order book: not counted
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- $0.75
- Costs to cover
- 0.200%
- Break-even
- 6.8 days
Slippage unknown: Polymarket Perps: live order book, 44 min ago; GMX: no order-book sample. 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 Polymarket Perps live order book, 44 min ago | 2.88 bp | 8.9 bp −$9 | 13.3 bp −$133 | doesn't fit | doesn't fit |
| Sell GMX no order-book sample | — | — | — | — | — |
GMX: 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_DOGEUSD | −0.0096% | 1h | 0.09890 | +0.073% | $5.5M | $40.9M | 50x | as long as short |
| Bitget DOGEUSDT | −0.0015% | 8h | 0.09886 | +0.035% | $140.0M | $346.8M | 75x | as long as short |
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.09893 | +0.110% | $512K | $6.6M | 2.8x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S 0.0000% | 1h | 0.09883 | +0.009% | $33K | — | 150x | as long as short |
| Deribit DOGE_USDC-PERPETUAL | +0.0033% | 1h | 0.09893 | +0.109% | $554K | $301K | 25x | as long as short |
| Injective DOGE/USDC PERP | +0.0033% | 1h | 0.1053 | +6.552% | $6K | $242K | 12x | as long as short |
| Phoenix DOGE | +0.0081% | 1h | 0.09887 | +0.049% | $18K | $386K | 10x | as long as short |
| Gate DOGE_USDT | +0.0082% | 8h | 0.09890 | +0.076% | $249.7M | $155.6M | 75x | as long as short |
| Lighter DOGE | +0.0096% | 1h | 0.09896 | +0.142% | $822K | $6.8M | 15x | as long as short |
| Katana Perps DOGE-USD | +0.0100% | 8h | 0.09888 | +0.056% | $826 | $543K | 10x | as long as short |
Kraken Futures PF_DOGEUSD
Bitget DOGEUSDT
Kalshi KXDOGEPERP
gTrade (Gains Network) DOGE/USD
Deribit DOGE_USDC-PERPETUAL
Injective DOGE/USDC PERP
Phoenix DOGE
Gate DOGE_USDT
Lighter DOGE
Katana Perps DOGE-USDShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Nado DOGE-PERP | +0.0100% | 1h | 0.09887 | +0.046% | $510K | $1.1M | 10x | as long as short |
| Hyperliquid DOGE | +0.0100% | 1h | 0.09896 | +0.137% | $123.3M | $116.4M | 10x | as long as short |
| Aster DOGEUSDT | +0.0100% | 8h | 0.09892 | +0.097% | $5.1M | $58.9M | 75x | as long as short |
| Pacifica DOGE | +0.0100% | 1h | 0.09888 | +0.055% | $321K | $478K | 20x | as long as short |
| Binance DOGEUSDT | +0.0100% | 8h | 0.09892 | +0.093% | $326.4M | $1.71B | 75x | as long as short |
| Bybit DOGEUSDT | +0.0100% | 8h | 0.09889 | +0.066% | $165.4M | $522.2M | 75x | as long as short |
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.09894 | +0.116% | $114.6M | $1.18B | 50x | as long as short |
| Arcus DOGE-USD | +0.0100% | 1h | 0.09896 | +0.137% | $16K | $306K | 10x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.09784 | −0.995% | $374K | $2K | 10x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.09889 | +0.066% | $116.5M | $264.1M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.09889 | +0.066% | $65.5M | $49.3M | 75x | as long as short |
| BingX DOGE-USDC | +0.0100% | 8h | 0.09890 | +0.076% | — | $3.5M | — | as long as short |
| Backpack DOGE_USDC_PERP | +0.0100% | 1h | 0.09885 | +0.025% | $300K | $1.3M | 15x | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.09898 | +0.157% | $1.1M | $8.4M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.09888 | +0.056% | $262K | $139.6M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.09897 | +0.149% | $633K | $4.2M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.09890 | +0.076% | $141K | $348K | 25x | as long as short |
| Polymarket Perps DOGE-USDlong | +0.0100% | 1h | 0.09882 | long leg | $257K | $1.2M | 10x | |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.09890 | +0.076% | $71K | $468K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.09809 | −0.747% | $18K | $7K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.09892 | +0.099% | $34K | $2.2M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.09890 | +0.076% | $2K | $5.5M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.09887 | +0.048% | $5.9M | $69.2M | 75x | as long as short |
| Phemex DOGEUSDT | +0.0100% | 8h | 0.09891 | +0.086% | $90.4M | $16.4M | 50x | as long as short |
| Paradex DOGE-USD-PERP | +0.0100% | 8h | 0.09891 | +0.085% | $18K | $5K | 30x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.09890 | +0.072% | $481K | $4.0M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.09891 | +0.083% | $19K | — | 3x | as long as short |
| Reya DOGERUSDPERP | +0.0203% | 1h | 0.09878 | −0.041% | $2K | — | 20x | as long as short |
| Coinbase International DOGE-PERP-INTX | +0.0208% | 1h | 0.09893 | +0.106% | $2.2M | $35.1M | 50x | as long as short |
| GMX DOGE/USD [ETH-USDC]short | L +0.0215% / S −0.0216% | 1h | 0.09883 | +0.005% | $291K | — | 200x | |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.09904 | +0.218% | $15.6M | $26.9M | 75x | as long as short |
| 01 Exchange DOGEUSD | +0.0224% | 1h | 0.09897 | +0.144% | $456 | $4K | 10x | as long as short |
| dYdX DOGE-USD | +0.0417% | 1h | 0.09885 | +0.021% | $232K | $72K | 10x | as long as short |
| RISEx DOGE/USDC | +0.0717% | 1h | 0.09899 | +0.172% | $398K | $450K | 10x | as long as short |
Nado DOGE-PERP
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
dYdX DOGE-USD
RISEx DOGE/USDC