Funding you earn now, next payment 09:00 UTC−0.0103%/8h= −11.2% APRnext payment −$0.13 per $10,000 · paid last 24h −0.024%
Price spread now: Derive against Reya−0.977%771s7-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
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Derive is 0.977% cheaper against Reya than usual: you would sell low and buy high (−$98 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 771 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 | Reya DOGERUSDPERP | 0.09905 | 0.0203 | pay 0.0025% / 1h | 15m 49s | $2K | — | 20x |
| Short | Derive DOGE-PERP | 0.09809 | 0.0100 | get 0.0013% / 1h | 15m 49s | $18K | $7K | 10x |
Reya DOGERUSDPERP
Derive DOGE-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Derive against Reya. 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
- −$21.56
- Price spread: −0.977% → 0.000%
- −$97.66
- Slippage, 4 orders
- no order book: not counted
- Fee Reya: 3 bp × 2 orders
- −$6
- Fee Derive: 3 bp × 2 orders
- −$6
- Net
- −$131.22
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: Reya: no order-book sample; Derive: 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 Reya no order-book sample | — | — | — | — | — |
| Sell Derive no order-book sample | — | — | — | — | — |
Reya and Derive: 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 | 0.09941 | +0.357% | $5.5M | $40.8M | 50x | as long as short |
| Bitget DOGEUSDT | −0.0015% | 8h | 0.09930 | +0.248% | $140.6M | $347.3M | 75x | as long as short |
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.09935 | +0.302% | $515K | $6.6M | 2.8x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S 0.0000% | 1h | 0.09916 | +0.104% | $33K | — | 150x | as long as short |
| Injective DOGE/USDC PERP | +0.0033% | 1h | 0.1053 | +6.305% | $6K | $242K | 12x | as long as short |
| Gate DOGE_USDT | +0.0075% | 8h | 0.09932 | +0.268% | $251.1M | $156.0M | 75x | as long as short |
| Phoenix DOGE | +0.0081% | 1h | 0.09907 | +0.021% | $18K | $386K | 10x | as long as short |
| Lighter DOGE | +0.0096% | 1h | 0.09948 | +0.428% | $827K | $6.8M | 15x | as long as short |
| Katana Perps DOGE-USD | +0.0100% | 8h | 0.09923 | +0.177% | $888 | $542K | 10x | as long as short |
| Nado DOGE-PERP | +0.0100% | 1h | 0.09926 | +0.213% | $512K | $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 | 0.09945 | +0.397% | $123.9M | $116.7M | 10x | as long as short |
| Aster DOGEUSDT | +0.0100% | 8h | 0.09940 | +0.344% | $5.1M | $58.7M | 75x | as long as short |
| Pacifica DOGE | +0.0100% | 1h | 0.09920 | +0.144% | $322K | $478K | 20x | as long as short |
| Binance DOGEUSDT | +0.0100% | 8h | 0.09937 | +0.316% | $327.6M | $1.70B | 75x | as long as short |
| Bybit DOGEUSDT | +0.0100% | 8h | 0.09930 | +0.248% | $166.6M | $521.7M | 75x | as long as short |
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.09933 | +0.278% | $115.3M | $1.19B | 50x | as long as short |
| Arcus DOGE-USD | +0.0100% | 1h | 0.09925 | +0.198% | $16K | $306K | 10x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.09908 | +0.028% | $378K | $2K | 10x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.09934 | +0.289% | $116.2M | $264.6M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.09938 | +0.329% | $65.9M | $49.2M | 75x | as long as short |
| BingX DOGE-USDC | +0.0100% | 8h | 0.09932 | +0.268% | — | $3.5M | — | as long as short |
| Backpack DOGE_USDC_PERP | +0.0100% | 1h | 0.09940 | +0.349% | $299K | $1.3M | 15x | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.09933 | +0.279% | $1.1M | $8.3M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.09891 | −0.150% | $262K | $139.7M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.09892 | −0.135% | $632K | $4.2M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.09890 | −0.156% | $141K | $348K | 25x | as long as short |
| Polymarket Perps DOGE-USD | +0.0100% | 1h | 0.09929 | +0.238% | $258K | $1.2M | 10x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.09940 | +0.349% | $71K | $459K | 50x | as long as short |
| Derive DOGE-PERPshort | +0.0100% | 1h | 0.09809 | −0.977% | $18K | $7K | 10x | |
| SunX DOGE-USDT | +0.0100% | 8h | 0.09941 | +0.361% | $35K | $2.2M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.09940 | +0.349% | $2K | $5.5M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.09941 | +0.360% | $6.0M | $68.7M | 75x | as long as short |
| Phemex DOGEUSDT | +0.0100% | 8h | 0.09941 | +0.359% | $90.8M | $16.3M | 50x | as long as short |
| Paradex DOGE-USD-PERP | +0.0100% | 8h | 0.09915 | +0.094% | $18K | $5K | 30x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.09928 | +0.223% | $481K | $4.0M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.09941 | +0.355% | $19K | — | 3x | as long as short |
| Deribit DOGE_USDC-PERPETUAL | +0.0193% | 1h | 0.09944 | +0.393% | $557K | $301K | 25x | as long as short |
| Reya DOGERUSDPERPlong | +0.0203% | 1h | 0.09905 | long leg | $2K | — | 20x | |
| Coinbase International DOGE-PERP-INTX | +0.0208% | 1h | 0.09944 | +0.389% | $2.2M | $35.3M | 50x | as long as short |
| GMX DOGE/USD [ETH-USDC] | L +0.0215% / S −0.0216% | 1h | 0.09915 | +0.097% | $292K | — | 200x | as long as short |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.09920 | +0.147% | $15.4M | $27.0M | 75x | as long as short |
| 01 Exchange DOGEUSD | +0.0224% | 1h | 0.09928 | +0.227% | $457 | $4K | 10x | as long as short |
| dYdX DOGE-USD | +0.0396% | 1h | 0.09926 | +0.209% | $233K | $72K | 10x | as long as short |
| RISEx DOGE/USDC | +0.0717% | 1h | 0.09922 | +0.168% | $399K | $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
Polymarket Perps DOGE-USD
Orderly PERP_DOGE_USDC
SunX DOGE-USDT
SoDEX DOGE-USD
HTX DOGE-USDT
Phemex DOGEUSDT
Paradex DOGE-USD-PERP
Extended DOGE-USD
Aevo DOGE-PERP
Deribit DOGE_USDC-PERPETUAL
Coinbase International DOGE-PERP-INTX
GMX DOGE/USD [ETH-USDC]
BloFin DOGE-USDT
01 Exchange DOGEUSD
dYdX DOGE-USD
RISEx DOGE/USDC