Funding you earn now, next payment 05:00 UTC−0.0304%/8h= −33.3% APRpaid last 24h −0.027%
Price spread now: BingX against Backpack−0.353%7-day average −0.040% · you buy dearer than you sell
Net, funding: paid 7d − costs−$37as in the Funding arb table
Net, price: spread back to 7d avg − costs−$64as in the Price arb table
costs, in and out, $10k−$320.324% of the position
Funding, last 7 days−0.049%−$5 on $10k
+Price spread, last 7 days+0.264%+$26 · spread now −0.353%, 7d avg −0.040%
=Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and BingX is 0.313% cheaper against Backpack than usual: you would sell low and buy high (−$31 if the spread goes back to its 7-day average of −0.040%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.049% in total (about -2.5% 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 | Backpack DOGE_USDC_PERP | 0.1050 | 0.0404 | pay 0.0051% / 1h | 54m 34s | $346K | $1.2M | 15x |
| Short | BingX DOGE-USDC | 0.1046 | 0.0100 | get 0.0100% / 8h | 3h 54m | — | $3.5M | — |
Backpack DOGE_USDC_PERP
BingX DOGE-USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Backpack. 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
- −$63.94
- Price spread: −0.353% → −0.040%
- −$31.28
- Slippage, 4 orders
- −$12.35
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$127.57
- Costs to cover
- 0.324%
- Break-even
- never at this rate
Slippage from Backpack: live order book, 4 min ago; BingX: live order book, 5 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 Backpack live order book, 4 min ago | 0.49 bp | 5.9 bp −$6 | 12.2 bp −$122 | doesn't fit | doesn't fit |
| Sell BingX live order book, 5 min ago | 1.47 bp | 9.4 bp −$9 | 15.8 bp −$158 | 47.2 bp −$4,720 | 124.9 bp −$62.5K |
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 | −0.0012% | 8h | 0.1045 | −0.457% | $142.3M | $305.0M | 75x | as long as short |
| dYdX DOGE-USD | 0.0000% | 1h | 0.1051 | +0.130% | $236K | $59K | 10x | as long as short |
| Deribit DOGE_USDC-PERPETUAL | 0.0000% | 1h | 0.1048 | −0.162% | $616K | $167K | 25x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S 0.0000% | 1h | 0.1050 | +0.060% | $25K | — | 150x | as long as short |
| Lighter DOGE | +0.0096% | 1h | 0.1051 | +0.160% | $769K | $6.3M | 15x | as long as short |
| Nado DOGE-PERP | +0.0100% | 1h | 0.1044 | −0.524% | $565K | $1.1M | 10x | as long as short |
| Aster DOGEUSDT | +0.0100% | 8h | 0.1047 | −0.237% | $4.9M | $52.2M | 75x | as long as short |
| Pacifica DOGE | +0.0100% | 1h | 0.1050 | +0.038% | $346K | $491K | 20x | as long as short |
| Binance DOGEUSDT | +0.0100% | 8h | 0.1046 | −0.311% | $345.6M | $1.54B | 75x | as long as short |
| Bybit DOGEUSDT | +0.0100% | 8h | 0.1044 | −0.543% | $172.7M | $477.5M | 75x | as long as short |
Bitget DOGEUSDT
dYdX DOGE-USD
Deribit DOGE_USDC-PERPETUAL
gTrade (Gains Network) DOGE/USD
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 | 0.1044 | −0.515% | $119.2M | $1.12B | 50x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.1047 | −0.273% | $402K | $11K | 10x | as long as short |
| Gate DOGE_USDT | +0.0100% | 8h | 0.1048 | −0.181% | $257.3M | $139.3M | 75x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.1045 | −0.476% | $117.9M | $238.3M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.1045 | −0.457% | $69.0M | $45.1M | 75x | as long as short |
| BingX DOGE-USDCshort | +0.0100% | 8h | 0.1046 | −0.353% | — | $3.5M | — | |
| Variational Omni DOGE | +0.0100% | 8h | 0.1049 | −0.003% | $1.1M | $8.2M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.1027 | −2.157% | $312K | $133.1M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.1028 | −2.009% | $651K | $4.5M | 10x | as long as short |
| Polymarket Perps DOGE-USD | +0.0100% | 1h | 0.1045 | −0.467% | $268K | $885K | 10x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.1049 | −0.067% | $74K | $440K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.1049 | −0.050% | $26K | $1K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.1049 | −0.083% | $37K | $2.2M | 30x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.1047 | −0.208% | $6.3M | $61.6M | 75x | as long as short |
| Phemex DOGEUSDT | +0.0100% | 8h | 0.1049 | −0.019% | $96.5M | $17.1M | 50x | as long as short |
| Paradex DOGE-USD-PERP | +0.0104% | 8h | 0.1049 | −0.085% | $19K | $7K | 30x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.1046 | −0.328% | $512K | $4.1M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.1045 | −0.434% | $20K | — | 3x | as long as short |
| Katana Perps DOGE-USD | +0.0121% | 8h | 0.1048 | −0.181% | $2K | $479K | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0174% | 1h | 0.1027 | −2.144% | $149K | $293K | 25x | as long as short |
| Reya DOGERUSDPERP | +0.0191% | 1h | 0.1045 | −0.455% | $2K | — | 20x | as long as short |
| SoDEX DOGE-USD | +0.0210% | 1h | 0.1048 | −0.105% | $2K | $4.7M | 10x | as long as short |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.1047 | −0.257% | $16.4M | $27.4M | 75x | as long as short |
| Kraken Futures PF_DOGEUSD | +0.0240% | 1h | 0.1048 | −0.124% | $6.0M | $36.5M | 50x | as long as short |
| Phoenix DOGE | +0.0242% | 1h | 0.1022 | −2.599% | $66K | $292K | 10x | as long as short |
| 01 Exchange DOGEUSD | +0.0248% | 1h | 0.1047 | −0.209% | $466 | $4K | 10x | as long as short |
| GMX DOGE/USD [ETH-USDC] | L +0.0260% / S −0.0317% | 1h | 0.1049 | −0.057% | $343K | — | 200x | as long as short |
| Coinbase International DOGE-PERP-INTX | +0.0304% | 1h | 0.1049 | −0.038% | $2.1M | $31.0M | 50x | as long as short |
| Kalshi KXDOGEPERP | +0.0307% | 8h | 0.1050 | +0.016% | $729K | $6.0M | 2.8x | as long as short |
| Backpack DOGE_USDC_PERPlong | +0.0404% | 1h | 0.1050 | long leg | $346K | $1.2M | 15x | |
| Arcus DOGE-USD | +0.0634% | 1h | 0.1048 | −0.143% | $114K | $199K | 10x | as long as short |
| Hyperliquid DOGE | +0.0645% | 1h | 0.1045 | −0.400% | $128.7M | $106.0M | 10x | as long as short |
| RISEx DOGE/USDC | +0.0728% | 1h | 0.1048 | −0.138% | $423K | $426K | 10x | as long as short |
| Injective DOGE/USDC PERP | +0.1062% | 1h | 0.1053 | +0.333% | $6K | $242K | 12x | as long as short |
OKX DOGE-USDT-SWAP
Bulk DOGE-USD
Gate DOGE_USDT
MEXC DOGE_USDT
KuCoin DOGEUSDTM
Variational Omni DOGE
edgeX DOGEUSDC
GRVT DOGE_USDT_Perp
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
ApeX Omni DOGEUSDT
Reya DOGERUSDPERP
SoDEX DOGE-USD
BloFin DOGE-USDT
Kraken Futures PF_DOGEUSD
Phoenix DOGE
01 Exchange DOGEUSD
GMX DOGE/USD [ETH-USDC]
Coinbase International DOGE-PERP-INTX
Kalshi KXDOGEPERP
Arcus DOGE-USD
Hyperliquid DOGE
RISEx DOGE/USDC
Injective DOGE/USDC PERP