Funding you earn now, next payment 03:00 UTC−0.0681%/8h= −74.5% APRnext payment −$0.85 per $10,000 · paid last 24h 0.000%
Price spread now: Bulk against Arcus−0.121%58s7-day average +0.011% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$310.313% of the position
Funding, last 4 days (all we have)0.000%$0 on $10k
+Price spread, last 4 days (all we have)+0.053%+$5 · spread now −0.121%, 7d avg +0.011%
=Both sides work against this trade now: funding costs −$20 a day on $10k at the current rate, and Bulk is 0.132% cheaper against Arcus than usual: you would sell low and buy high (−$13 if the spread goes back to its 7-day average of +0.011%). Swap the legs. The two prices were read 58 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.000% in total (about -0.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.85 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 | Arcus DOGE-USD | 0.09978 | 0.0781 | pay 0.0098% / 1h | 10m 43s | $128K | $179K | 10x |
| Short | Bulk DOGE-USD | 0.09966 | 0.0100 | get 0.0013% / 1h | 10m 43s | $382K | $0 | 10x |
Arcus DOGE-USD
Bulk DOGE-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bulk against Arcus. 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
- −$142.91
- Price spread: −0.121% → +0.011%
- −$13.19
- Slippage, 4 orders
- −$19.8
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Fee Bulk: 3.5 bp × 2 orders
- −$7
- Net
- −$187.41
- Costs to cover
- 0.313%
- Break-even
- never at this rate
Slippage from Arcus: live order book, 48 min ago; Bulk: live order book, 53 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 Arcus live order book, 48 min ago | 3.00 bp | 6.3 bp −$6 | 13.7 bp −$137 | doesn't fit | doesn't fit |
| Sell Bulk live order book, 53 min ago | 4.99 bp | 8.5 bp −$8 | 8.5 bp −$85 | 16.7 bp −$1,670 | 28.5 bp −$14.3K |
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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget DOGEUSDT | −0.0075% | 8h | 0.09953 | −0.251% | $150.5M | $274.1M | 75x | as long as short |
| dYdX DOGE-USD | 0.0000% | 1h | 0.09958 | −0.200% | $224K | $49K | 10x | as long as short |
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.09936 | −0.425% | $429K | $5.2M | 2.8x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S 0.0000% | 1h | 0.09944 | −0.343% | $24K | — | 150x | as long as short |
| Lighter DOGE | +0.0096% | 1h | 0.09964 | −0.139% | $772K | $6.2M | 15x | as long as short |
| Katana Perps DOGE-USD | +0.0100% | 8h | 0.09941 | −0.371% | $898 | $444K | 10x | as long as short |
| Nado DOGE-PERP | +0.0100% | 1h | 0.09936 | −0.421% | $533K | $997K | 10x | as long as short |
| Aster DOGEUSDT | +0.0100% | 8h | 0.09958 | −0.205% | $4.7M | $48.7M | 75x | as long as short |
| Pacifica DOGE | +0.0100% | 1h | 0.09960 | −0.175% | $327K | $483K | 20x | as long as short |
| Binance DOGEUSDT | +0.0100% | 8h | 0.09960 | −0.178% | $318.7M | $1.44B | 75x | as long as short |
Bitget DOGEUSDT
dYdX DOGE-USD
Kalshi KXDOGEPERP
gTrade (Gains Network) DOGE/USD
Lighter DOGE
Katana Perps DOGE-USD
Nado DOGE-PERP
Aster DOGEUSDT
Pacifica DOGE
Binance DOGEUSDTShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit DOGEUSDT | +0.0100% | 8h | 0.09960 | −0.180% | $160.3M | $441.1M | 75x | as long as short |
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.09961 | −0.170% | $111.2M | $988.8M | 50x | as long as short |
| Bulk DOGE-USDshort | +0.0100% | 1h | 0.09966 | −0.121% | $382K | $0 | 10x | |
| Gate DOGE_USDT | +0.0100% | 8h | 0.09957 | −0.210% | $243.4M | $133.8M | 75x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.09961 | −0.170% | $112.0M | $231.6M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.09956 | −0.220% | $65.9M | $43.4M | 75x | as long as short |
| BingX DOGE-USDT | +0.0100% | 8h | 0.09959 | −0.190% | — | $76.3M | — | as long as short |
| Backpack DOGE_USDC_PERP | +0.0100% | 1h | 0.09955 | −0.231% | $327K | $1.1M | 15x | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.09931 | −0.475% | $982K | $8.2M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.09943 | −0.348% | $296K | $128.3M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.09934 | −0.441% | $627K | $4.4M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.09940 | −0.381% | $145K | $281K | 25x | as long as short |
| Polymarket Perps DOGE-USD | +0.0100% | 1h | 0.09931 | −0.469% | $251K | $742K | 10x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.09951 | −0.271% | $70K | $438K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.09948 | −0.303% | $24K | $1K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.09942 | −0.366% | $35K | $2.2M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.09952 | −0.261% | $2K | $3.9M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.09949 | −0.288% | $6.0M | $56.7M | 75x | as long as short |
| Phemex DOGEUSDT | +0.0100% | 8h | 0.09952 | −0.261% | $91.6M | $16.6M | 50x | as long as short |
| Paradex DOGE-USD-PERP | +0.0102% | 8h | 0.09960 | −0.184% | $18K | $6K | 30x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.09958 | −0.201% | $499K | $4.1M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.09950 | −0.285% | $19K | — | 3x | as long as short |
| Deribit DOGE_USDC-PERPETUAL | +0.0182% | 1h | 0.09954 | −0.237% | $595K | $118K | 25x | as long as short |
| Reya DOGERUSDPERP | +0.0187% | 1h | 0.09938 | −0.399% | $2K | — | 20x | as long as short |
| 01 Exchange DOGEUSD | +0.0216% | 1h | 0.09942 | −0.362% | $530 | $4K | 10x | as long as short |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.09948 | −0.301% | $15.6M | $25.1M | 75x | as long as short |
| Phoenix DOGE | +0.0240% | 1h | 0.09930 | −0.477% | $64K | $288K | 10x | as long as short |
| GMX DOGE/USD [ETH-USDC] | L +0.0246% / S −0.0269% | 1h | 0.09940 | −0.377% | $311K | — | 200x | as long as short |
| Coinbase International DOGE-PERP-INTX | +0.0248% | 1h | 0.09958 | −0.200% | $2.3M | $26.4M | 50x | as long as short |
| Kraken Futures PF_DOGEUSD | +0.0307% | 1h | 0.09951 | −0.268% | $5.7M | $35.3M | 50x | as long as short |
| Hyperliquid DOGE | +0.0520% | 1h | 0.09968 | −0.103% | $121.5M | $100.0M | 10x | as long as short |
| RISEx DOGE/USDC | +0.0747% | 1h | 0.09944 | −0.343% | $402K | $388K | 10x | as long as short |
| Arcus DOGE-USDlong | +0.0781% | 1h | 0.09978 | long leg | $128K | $179K | 10x | |
| Injective DOGE/USDC PERP | +0.1072% | 1h | 0.09960 | −0.180% | $5K | $239K | 12x | as long as short |
Bybit DOGEUSDT
OKX DOGE-USDT-SWAP
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
SoDEX DOGE-USD
HTX DOGE-USDT
Phemex DOGEUSDT
Paradex DOGE-USD-PERP
Extended DOGE-USD
Aevo DOGE-PERP
Deribit DOGE_USDC-PERPETUAL
Reya DOGERUSDPERP
01 Exchange DOGEUSD
BloFin DOGE-USDT
Phoenix DOGE
GMX DOGE/USD [ETH-USDC]
Coinbase International DOGE-PERP-INTX
Kraken Futures PF_DOGEUSD
Hyperliquid DOGE
RISEx DOGE/USDC
Injective DOGE/USDC PERP