Funding you earn now, next payment 07:00 UTC−0.0287%/8h= −31.4% APRpaid last 24h −0.024%
Price spread now: OKX against Arcus+0.070%7-day average −0.022% · 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−$19as in the Price arb table
costs, in and out, $10k−$280.280% of the position
Funding, last 4 days (all we have)−0.033%−$3 on $10k
+Price spread, last 4 days (all we have)−0.079%−$8 · spread now +0.070%, 7d avg −0.022%
=The price spread pays, funding is against you. OKX is 0.092% dearer against Arcus than usual: you sell high and buy low (spread +0.070% now, against its 7-day average of −0.022%): +$9 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 26 hours. At the pace of the last 4 days (−0.033% in total) that is about 10 days.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.033% in total (about -3.2% a year). A funding rate is set anew for every payment. 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 | 0.09999 | 0.0387 | pay 0.0048% / 1h | 27m 16s | $21K | $307K | 10x |
| Short | OKX DOGE-USDT-SWAP | 0.1001 | 0.0100 | get 0.0100% / 8h | 1h 27m | $117.8M | $1.20B | 50x |
Arcus DOGE-USD
OKX DOGE-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- −$60.29
- Price spread: +0.070% → −0.022%
- $9.19
- Slippage, 4 orders
- −$13.53
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$79.14
- Costs to cover
- 0.280%
- Break-even
- never at this rate
Slippage from Arcus: live order book, 12 min ago; OKX: live order book, 2 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, 12 min ago | 3.00 bp | 7.6 bp −$8 | 22.7 bp −$227 | doesn't fit | doesn't fit |
| Sell OKX live order book, 2 min ago | 0.50 bp | 5.5 bp −$6 | 7.1 bp −$71 | 16.2 bp −$1,620 | 38.1 bp −$19.0K |
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 | −0.0082% | 1h | 0.1001 | +0.078% | $5.6M | $40.5M | 50x | as long as short |
| dYdX DOGE-USD | 0.0000% | 1h | 0.1000 | +0.023% | $225K | $69K | 10x | as long as short |
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.09982 | −0.173% | $611K | $6.6M | 2.8x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S 0.0000% | 1h | 0.09980 | −0.187% | $35K | — | 150x | as long as short |
| Injective DOGE/USDC PERP | +0.0033% | 1h | 0.1053 | +5.311% | $6K | $242K | 12x | as long as short |
| Polymarket Perps DOGE-USD | +0.0037% | 1h | 0.10000 | +0.008% | $267K | $1.2M | 10x | as long as short |
| Bitget DOGEUSDT | +0.0061% | 8h | 0.1000 | +0.030% | $142.2M | $344.2M | 75x | as long as short |
| Phoenix DOGE | +0.0080% | 1h | 0.09997 | −0.023% | $18K | $382K | 10x | as long as short |
| Lighter DOGE | +0.0096% | 1h | 0.1001 | +0.119% | $852K | $6.8M | 15x | as long as short |
| Aster DOGEUSDT | +0.0100% | 8h | 0.1001 | +0.095% | $4.6M | $58.5M | 75x | as long as short |
Kraken Futures PF_DOGEUSD
dYdX DOGE-USD
Kalshi KXDOGEPERP
gTrade (Gains Network) DOGE/USD
Injective DOGE/USDC PERP
Polymarket Perps DOGE-USD
Bitget DOGEUSDT
Phoenix DOGE
Lighter DOGE
Aster DOGEUSDTShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica DOGE | +0.0100% | 1h | 0.1001 | +0.063% | $320K | $500K | 20x | as long as short |
| Binance DOGEUSDT | +0.0100% | 8h | 0.1001 | +0.126% | $329.7M | $1.71B | 75x | as long as short |
| Bybit DOGEUSDT | +0.0100% | 8h | 0.1001 | +0.070% | $165.6M | $520.7M | 75x | as long as short |
| OKX DOGE-USDT-SWAPshort | +0.0100% | 8h | 0.1001 | +0.070% | $117.8M | $1.20B | 50x | |
| Bulk DOGE-USD | +0.0100% | 1h | 0.09990 | −0.090% | $384K | $16K | 10x | as long as short |
| Gate DOGE_USDT | +0.0100% | 8h | 0.1000 | +0.050% | $250.1M | $156.4M | 75x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.1001 | +0.090% | $111.2M | $258.1M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.1000 | +0.010% | $66.6M | $50.1M | 75x | as long as short |
| BingX DOGE-USDT | +0.0100% | 8h | 0.1001 | +0.090% | — | $80.6M | — | as long as short |
| Backpack DOGE_USDC_PERP | +0.0100% | 1h | 0.09989 | −0.100% | $304K | $1.3M | 15x | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.09984 | −0.152% | $1.1M | $8.7M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.09994 | −0.047% | $303K | $140.1M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.09988 | −0.110% | $630K | $4.7M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.1000 | +0.010% | $150K | $338K | 25x | as long as short |
| Nado DOGE-PERP | +0.0100% | 1h | 0.1000 | +0.025% | $540K | $1.1M | 10x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.1001 | +0.100% | $66K | $467K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.09967 | −0.324% | $19K | $7K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.1001 | +0.115% | $35K | $2.3M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.1001 | +0.080% | $2K | $5.4M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.09982 | −0.174% | $5.9M | $68.8M | 75x | as long as short |
| Phemex DOGEUSDT | +0.0100% | 8h | 0.09984 | −0.150% | $91.7M | $16.9M | 50x | as long as short |
| Paradex DOGE-USD-PERP | +0.0100% | 8h | 0.1000 | +0.018% | $18K | $5K | 30x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.1000 | +0.036% | $486K | $4.1M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.1001 | +0.085% | $19K | — | 3x | as long as short |
| Katana Perps DOGE-USD | +0.0108% | 8h | 0.09999 | 0.000% | $835 | $536K | 10x | as long as short |
| Hyperliquid DOGE | +0.0129% | 1h | 0.1001 | +0.150% | $124.3M | $116.5M | 10x | as long as short |
| Reya DOGERUSDPERP | +0.0197% | 1h | 0.09980 | −0.187% | $2K | — | 20x | as long as short |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.09993 | −0.060% | $16.2M | $27.1M | 75x | as long as short |
| Coinbase International DOGE-PERP-INTX | +0.0240% | 1h | 0.1001 | +0.120% | $1.9M | $34.9M | 50x | as long as short |
| GMX DOGE/USD [ETH-USDC] | L +0.0250% / S −0.0297% | 1h | 0.09983 | −0.163% | $314K | — | 200x | as long as short |
| 01 Exchange DOGEUSD | +0.0264% | 1h | 0.1001 | +0.084% | $445 | $4K | 10x | as long as short |
| Deribit DOGE_USDC-PERPETUAL | +0.0320% | 1h | 0.1001 | +0.118% | $574K | $252K | 25x | as long as short |
| Arcus DOGE-USDlong | +0.0387% | 1h | 0.09999 | long leg | $21K | $307K | 10x | |
| RISEx DOGE/USDC | +0.0626% | 1h | 0.1002 | +0.165% | $403K | $458K | 10x | as long as short |
Pacifica DOGE
Binance DOGEUSDT
Bybit DOGEUSDT
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
Nado DOGE-PERP
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
Katana Perps DOGE-USD
Hyperliquid DOGE
Reya DOGERUSDPERP
BloFin DOGE-USDT
Coinbase International DOGE-PERP-INTX
GMX DOGE/USD [ETH-USDC]
01 Exchange DOGEUSD
Deribit DOGE_USDC-PERPETUAL
RISEx DOGE/USDC