Funding you earn now, next payment 05:00 UTC+0.0534%/8h= +58.4% APRnext payment +$0.67 per $10,000 · paid last 24h +0.016%
Price spread now: Arcus against SoDEX+0.150%7-day average +0.012% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$25as in the Price arb table
costs, in and out, $10k−$390.389% of the position
Funding, last 3 days (all we have)+0.022%+$2 on $10k
+Price spread, last 4 days (all we have)−0.097%−$10 · spread now +0.150%, 7d avg +0.012%
=Both sides work for this trade now. Funding pays +$16 a day on $10k at the current rate, and Arcus is 0.138% dearer against SoDEX than usual: you sell high and buy low: +$14 more if the spread goes back to its 7-day average of +0.012%.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.022% in total (about 2.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.67 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SoDEX DOGE-USD | 0.09991 | 0.0100 | pay 0.0013% / 1h | 59m 44s | $2K | $5.1M | 10x |
| Short | Arcus DOGE-USD | 0.1001 | 0.0634 | get 0.0079% / 1h | 59m 44s | $108K | $207K | 10x |
SoDEX DOGE-USD
Arcus DOGE-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Arcus against SoDEX. 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
- $112.06
- Price spread: +0.150% → +0.012%
- $13.8
- Slippage, 4 orders
- −$26.38
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Net
- $86.98
- Costs to cover
- 0.389%
- Break-even
- 1.6 days
Slippage from SoDEX: live order book, 4 min ago; Arcus: live order book, 49 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 SoDEX live order book, 4 min ago | 0.50 bp | 4.5 bp −$4 | 8.0 bp −$80 | 146.0 bp −$14.6K | doesn't fit |
| Sell Arcus live order book, 49 min ago | 11.93 bp | 15.1 bp −$15 | 28.0 bp −$280 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.09993 | +0.016% | $646K | $6.4M | 2.8x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S 0.0000% | 1h | 0.09985 | −0.058% | $41K | — | 150x | as long as short |
| dYdX DOGE-USD | +0.0015% | 1h | 0.09985 | −0.062% | $224K | $70K | 10x | as long as short |
| Lighter DOGE | +0.0096% | 1h | 0.1001 | +0.175% | $738K | $6.5M | 15x | as long as short |
| Nado DOGE-PERP | +0.0100% | 1h | 0.09992 | +0.015% | $548K | $1.1M | 10x | as long as short |
| Aster DOGEUSDT | +0.0100% | 8h | 0.1000 | +0.122% | $4.5M | $56.1M | 75x | as long as short |
| Pacifica DOGE | +0.0100% | 1h | 0.09986 | −0.054% | $319K | $520K | 20x | as long as short |
| Binance DOGEUSDT | +0.0100% | 8h | 0.09985 | −0.062% | $325.9M | $1.65B | 75x | as long as short |
| Bybit DOGEUSDT | +0.0100% | 8h | 0.09984 | −0.070% | $162.6M | $508.6M | 75x | as long as short |
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.09986 | −0.050% | $113.6M | $1.15B | 50x | as long as short |
Kalshi KXDOGEPERP
gTrade (Gains Network) DOGE/USD
dYdX DOGE-USD
Lighter DOGE
Nado DOGE-PERP
Aster DOGEUSDT
Pacifica DOGE
Binance DOGEUSDT
Bybit DOGEUSDT
OKX DOGE-USDT-SWAPShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bulk DOGE-USD | +0.0100% | 1h | 0.1002 | +0.279% | $385K | $16K | 10x | as long as short |
| Gate DOGE_USDT | +0.0100% | 8h | 0.09982 | −0.090% | $246.8M | $150.5M | 75x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.09984 | −0.070% | $112.1M | $249.5M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.09987 | −0.040% | $66.5M | $48.9M | 75x | as long as short |
| Bitget DOGEUSDT | +0.0100% | 8h | 0.09990 | −0.010% | $130.0M | $321.3M | 75x | as long as short |
| BingX DOGE-USDT | +0.0100% | 8h | 0.09984 | −0.070% | — | $80.0M | — | as long as short |
| Backpack DOGE_USDC_PERP | +0.0100% | 1h | 0.09989 | −0.020% | $310K | $1.2M | 15x | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.09995 | +0.038% | $1.1M | $8.6M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.1004 | +0.447% | $320K | $137.4M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.1008 | +0.874% | $638K | $4.7M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.1003 | +0.390% | $151K | $332K | 25x | as long as short |
| Polymarket Perps DOGE-USD | +0.0100% | 1h | 0.09986 | −0.053% | $263K | $1.1M | 10x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.09988 | −0.030% | $64K | $464K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.09985 | −0.060% | $19K | $1K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.09990 | −0.012% | $35K | $2.3M | 30x | as long as short |
| SoDEX DOGE-USDlong | +0.0100% | 1h | 0.09991 | long leg | $2K | $5.1M | 10x | |
| HTX DOGE-USDT | +0.0100% | 8h | 0.09990 | −0.014% | $5.9M | $66.4M | 75x | as long as short |
| Phemex DOGEUSDT | +0.0100% | 8h | 0.09994 | +0.030% | $92.0M | $17.1M | 50x | as long as short |
| Paradex DOGE-USD-PERP | +0.0100% | 8h | 0.09987 | −0.043% | $18K | $5K | 30x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.09979 | −0.122% | $478K | $4.1M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.09986 | −0.049% | $19K | — | 3x | as long as short |
| Katana Perps DOGE-USD | +0.0118% | 8h | 0.09989 | −0.020% | $1K | $512K | 10x | as long as short |
| Deribit DOGE_USDC-PERPETUAL | +0.0150% | 1h | 0.09992 | +0.012% | $568K | $247K | 25x | as long as short |
| Reya DOGERUSDPERP | +0.0193% | 1h | 0.09988 | −0.027% | $2K | — | 20x | as long as short |
| 01 Exchange DOGEUSD | +0.0216% | 1h | 0.09998 | +0.072% | $445 | $4K | 10x | as long as short |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.09999 | +0.080% | $16.1M | $26.8M | 75x | as long as short |
| Phoenix DOGE | +0.0235% | 1h | 0.1008 | +0.860% | $18K | $292K | 10x | as long as short |
| Kraken Futures PF_DOGEUSD | +0.0252% | 1h | 0.09992 | +0.015% | $5.6M | $40.4M | 50x | as long as short |
| GMX DOGE/USD [ETH-USDC] | L +0.0253% / S −0.0292% | 1h | 0.09985 | −0.058% | $326K | — | 200x | as long as short |
| Coinbase International DOGE-PERP-INTX | +0.0304% | 1h | 0.09999 | +0.080% | $2.1M | $33.5M | 50x | as long as short |
| Hyperliquid DOGE | +0.0601% | 1h | 0.09996 | +0.053% | $124.8M | $113.5M | 10x | as long as short |
| Arcus DOGE-USDshort | +0.0634% | 1h | 0.1001 | +0.150% | $108K | $207K | 10x | |
| RISEx DOGE/USDC | +0.0728% | 1h | 0.10000 | +0.085% | $403K | $436K | 10x | as long as short |
| Injective DOGE/USDC PERP | +0.1062% | 1h | 0.1053 | +5.395% | $6K | $242K | 12x | as long as short |
Bulk DOGE-USD
Gate DOGE_USDT
MEXC DOGE_USDT
KuCoin DOGEUSDTM
Bitget DOGEUSDT
BingX DOGE-USDT
Backpack DOGE_USDC_PERP
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
HTX DOGE-USDT
Phemex DOGEUSDT
Paradex DOGE-USD-PERP
Extended DOGE-USD
Aevo DOGE-PERP
Katana Perps DOGE-USD
Deribit DOGE_USDC-PERPETUAL
Reya DOGERUSDPERP
01 Exchange DOGEUSD
BloFin DOGE-USDT
Phoenix DOGE
Kraken Futures PF_DOGEUSD
GMX DOGE/USD [ETH-USDC]
Coinbase International DOGE-PERP-INTX
Hyperliquid DOGE
RISEx DOGE/USDC
Injective DOGE/USDC PERP