Funding you earn now, next payment 05:00 UTC+0.0220%/8h= +24.0% APRnext payment +$0.27 per $10,000 · paid last 24h +0.045%
Price spread now: GMX against SoDEX+0.093%7-day average +0.023% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.157%+$16 on $10k
+Price spread, last 4 days (all we have)−0.028%−$3 · spread now +0.093%, 7d avg +0.023%
=Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and GMX is 0.069% dearer against SoDEX than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.023%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SoDEX DOGE-USD | 0.1037 | 0.0100 | pay 0.0013% / 1h | 28m 59s | $2K | $5.0M | 10x |
| Short | GMX DOGE/USD [ETH-USDC] | 0.1038 | L +0.0260% / S −0.0320% | get 0.0040% / 1h | 28m 59s | $342K | — | 200x |
SoDEX DOGE-USD
GMX DOGE/USD [ETH-USDC]Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX 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
- $46.1
- Price spread: +0.093% → +0.023%
- $6.95
- Slippage, 4 orders
- no order book: not counted
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- $33.05
- Costs to cover
- 0.200%
- Break-even
- 2.0 days
Slippage unknown: SoDEX: live order book, 5 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 SoDEX live order book, 5 min ago | 0.48 bp | 4.5 bp −$4 | 8.2 bp −$82 | 151.8 bp −$15.2K | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.1039 | +0.251% | $736K | $6.2M | 2.8x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S 0.0000% | 1h | 0.1038 | +0.096% | $25K | — | 150x | as long as short |
| dYdX DOGE-USD | +0.0013% | 1h | 0.1037 | +0.081% | $233K | $70K | 10x | as long as short |
| Bitget DOGEUSDT | +0.0046% | 8h | 0.1035 | −0.164% | $135.9M | $314.6M | 75x | as long as short |
| Lighter DOGE | +0.0096% | 1h | 0.1037 | +0.020% | $736K | $6.4M | 15x | as long as short |
| Nado DOGE-PERP | +0.0100% | 1h | 0.1039 | +0.241% | $563K | $1.1M | 10x | as long as short |
| Aster DOGEUSDT | +0.0100% | 8h | 0.1035 | −0.121% | $5.0M | $54.1M | 75x | as long as short |
| Pacifica DOGE | +0.0100% | 1h | 0.1039 | +0.212% | $333K | $518K | 20x | as long as short |
| Binance DOGEUSDT | +0.0100% | 8h | 0.1035 | −0.154% | $344.6M | $1.60B | 75x | as long as short |
| Bybit DOGEUSDT | +0.0100% | 8h | 0.1034 | −0.222% | $171.3M | $492.8M | 75x | as long as short |
Kalshi KXDOGEPERP
gTrade (Gains Network) DOGE/USD
dYdX DOGE-USD
Bitget DOGEUSDT
Lighter DOGE
Nado DOGE-PERP
Aster DOGEUSDT
Pacifica DOGE
Binance DOGEUSDT
Bybit DOGEUSDTShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.1035 | −0.183% | $118.0M | $1.15B | 50x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.1046 | +0.933% | $402K | $16K | 10x | as long as short |
| Gate DOGE_USDT | +0.0100% | 8h | 0.1035 | −0.174% | $256.0M | $144.1M | 75x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.1036 | −0.087% | $115.6M | $242.6M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.1035 | −0.125% | $68.0M | $47.9M | 75x | as long as short |
| BingX DOGE-USDT | +0.0100% | 8h | 0.1036 | −0.106% | — | $79.3M | — | as long as short |
| Backpack DOGE_USDC_PERP | +0.0100% | 1h | 0.1035 | −0.125% | $349K | $1.2M | 15x | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.1038 | +0.103% | $1.2M | $8.4M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.1040 | +0.288% | $332K | $135.4M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.1038 | +0.183% | $656K | $4.5M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.1039 | +0.232% | $155K | $327K | 25x | as long as short |
| Polymarket Perps DOGE-USD | +0.0100% | 1h | 0.1038 | +0.106% | $260K | $967K | 10x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.1036 | −0.029% | $73K | $457K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.1036 | −0.035% | $25K | $1K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.1038 | +0.172% | $36K | $2.3M | 30x | as long as short |
| SoDEX DOGE-USDlong | +0.0100% | 1h | 0.1037 | long leg | $2K | $5.0M | 10x | |
| HTX DOGE-USDT | +0.0100% | 8h | 0.1038 | +0.099% | $6.1M | $64.6M | 75x | as long as short |
| Phemex DOGEUSDT | +0.0100% | 8h | 0.1037 | +0.048% | $95.4M | $17.2M | 50x | as long as short |
| Paradex DOGE-USD-PERP | +0.0103% | 8h | 0.1041 | +0.443% | $19K | $7K | 30x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.1034 | −0.212% | $499K | $4.1M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.1037 | +0.034% | $20K | — | 3x | as long as short |
| Katana Perps DOGE-USD | +0.0124% | 8h | 0.1039 | +0.232% | $935 | $495K | 10x | as long as short |
| Reya DOGERUSDPERP | +0.0192% | 1h | 0.1038 | +0.145% | $2K | — | 20x | as long as short |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.1037 | +0.039% | $16.7M | $27.4M | 75x | as long as short |
| Phoenix DOGE | +0.0235% | 1h | 0.1047 | +0.962% | $19K | $292K | 10x | as long as short |
| Kraken Futures PF_DOGEUSD | +0.0243% | 1h | 0.1036 | −0.023% | $5.5M | $38.5M | 50x | as long as short |
| Deribit DOGE_USDC-PERPETUAL | +0.0252% | 1h | 0.1037 | +0.033% | $589K | $246K | 25x | as long as short |
| GMX DOGE/USD [ETH-USDC]short | L +0.0260% / S −0.0320% | 1h | 0.1038 | +0.093% | $342K | — | 200x | |
| 01 Exchange DOGEUSD | +0.0264% | 1h | 0.1039 | +0.278% | $462 | $4K | 10x | as long as short |
| Coinbase International DOGE-PERP-INTX | +0.0304% | 1h | 0.1038 | +0.183% | $2.0M | $33.3M | 50x | as long as short |
| Hyperliquid DOGE | +0.0551% | 1h | 0.1037 | 0.000% | $129.1M | $109.4M | 10x | as long as short |
| Arcus DOGE-USD | +0.0634% | 1h | 0.1040 | +0.309% | $113K | $200K | 10x | as long as short |
| RISEx DOGE/USDC | +0.0728% | 1h | 0.1040 | +0.305% | $420K | $428K | 10x | as long as short |
| Injective DOGE/USDC PERP | +0.1062% | 1h | 0.1053 | +1.582% | $6K | $242K | 12x | as long as short |
OKX DOGE-USDT-SWAP
Bulk DOGE-USD
Gate DOGE_USDT
MEXC DOGE_USDT
KuCoin DOGEUSDTM
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
Reya DOGERUSDPERP
BloFin DOGE-USDT
Phoenix DOGE
Kraken Futures PF_DOGEUSD
Deribit DOGE_USDC-PERPETUAL
01 Exchange DOGEUSD
Coinbase International DOGE-PERP-INTX
Hyperliquid DOGE
Arcus DOGE-USD
RISEx DOGE/USDC
Injective DOGE/USDC PERP