Funding you earn now, next payment 04:00 UTC+0.0169%/8h= +18.5% APRnext payment +$0.21 per $10,000 · paid last 24h +0.018%
Price spread now: GMX against Backpack−0.042%7-day average +0.029% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.136%+$14 on $10k
+Price spread, last 4 days (all we have)+0.194%+$19 · spread now −0.042%, 7d avg +0.029%
=Funding pays, the price is against you. GMX is 0.071% cheaper against Backpack than usual: you would sell low and buy high (spread −0.042% now, against its 7-day average of +0.029%). If the spread goes back, that is −$7 on $10k: about 34 hours of funding at the current rate (+$5 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack DOGE_USDC_PERP | 0.09995 | 0.0100 | pay 0.0013% / 1h | 23m 07s | $321K | $1.2M | 15x |
| Short | GMX DOGE/USD [ETH-USDC] | 0.09991 | L +0.0247% / S −0.0269% | get 0.0034% / 1h | 23m 07s | $313K | — | 200x |
Backpack DOGE_USDC_PERP
GMX DOGE/USD [ETH-USDC]Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX 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
- $35.45
- Price spread: −0.042% → +0.029%
- −$7.14
- Slippage, 4 orders
- no order book: not counted
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- $6.32
- Costs to cover
- 0.220%
- Break-even
- 5.8 days
Slippage unknown: Backpack: live order book, 1 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 Backpack live order book, 1 min ago | 0.50 bp | 5.9 bp −$6 | 12.3 bp −$123 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget DOGEUSDT | −0.0041% | 8h | 0.09992 | −0.030% | $151.1M | $276.4M | 75x | as long as short |
| Kraken Futures PF_DOGEUSD | −0.0032% | 1h | 0.09995 | +0.005% | $5.7M | $35.6M | 50x | as long as short |
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.1000 | +0.083% | $396K | $5.2M | 2.8x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S 0.0000% | 1h | 0.09990 | −0.046% | $24K | — | 150x | as long as short |
| dYdX DOGE-USD | +0.0017% | 1h | 0.1000 | +0.072% | $225K | $49K | 10x | as long as short |
| Lighter DOGE | +0.0096% | 1h | 0.1000 | +0.093% | $733K | $6.3M | 15x | as long as short |
| Katana Perps DOGE-USD | +0.0097% | 8h | 0.09995 | 0.000% | $903 | $456K | 10x | as long as short |
| Polymarket Perps DOGE-USD | +0.0099% | 1h | 0.09990 | −0.054% | $258K | $863K | 10x | as long as short |
| Nado DOGE-PERP | +0.0100% | 1h | 0.09994 | −0.010% | $526K | $1.0M | 10x | as long as short |
| Aster DOGEUSDT | +0.0100% | 8h | 0.09995 | +0.002% | $4.7M | $49.4M | 75x | as long as short |
Bitget DOGEUSDT
Kraken Futures PF_DOGEUSD
Kalshi KXDOGEPERP
gTrade (Gains Network) DOGE/USD
dYdX DOGE-USD
Lighter DOGE
Katana Perps DOGE-USD
Polymarket Perps DOGE-USD
Nado DOGE-PERP
Aster DOGEUSDTShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica DOGE | +0.0100% | 1h | 0.1000 | +0.076% | $325K | $483K | 20x | as long as short |
| Binance DOGEUSDT | +0.0100% | 8h | 0.1000 | +0.054% | $323.8M | $1.47B | 75x | as long as short |
| Bybit DOGEUSDT | +0.0100% | 8h | 0.09998 | +0.030% | $163.0M | $447.3M | 75x | as long as short |
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.1000 | +0.050% | $112.7M | $1.01B | 50x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.1002 | +0.246% | $385K | $859 | 10x | as long as short |
| Gate DOGE_USDT | +0.0100% | 8h | 0.09998 | +0.030% | $246.5M | $134.8M | 75x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.1000 | +0.050% | $111.7M | $235.6M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.1000 | +0.060% | $66.1M | $43.7M | 75x | as long as short |
| BingX DOGE-USDT | +0.0100% | 8h | 0.09997 | +0.020% | — | $77.0M | — | as long as short |
| Backpack DOGE_USDC_PERPlong | +0.0100% | 1h | 0.09995 | long leg | $321K | $1.2M | 15x | |
| Variational Omni DOGE | +0.0100% | 8h | 0.1002 | +0.207% | $1.1M | $8.2M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.1003 | +0.375% | $300K | $130.4M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.1001 | +0.197% | $638K | $4.4M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.1004 | +0.450% | $146K | $288K | 25x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.09996 | +0.010% | $70K | $440K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.09996 | +0.011% | $25K | $1K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.1000 | +0.053% | $35K | $2.2M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.09998 | +0.030% | $2K | $4.0M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.09992 | −0.035% | $6.0M | $58.2M | 75x | as long as short |
| Phemex DOGEUSDT | +0.0100% | 8h | 0.09998 | +0.030% | $91.9M | $16.9M | 50x | as long as short |
| Paradex DOGE-USD-PERP | +0.0101% | 8h | 0.09998 | +0.028% | $18K | $7K | 30x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.09993 | −0.016% | $498K | $4.1M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.09996 | +0.010% | $19K | — | 3x | as long as short |
| Deribit DOGE_USDC-PERPETUAL | +0.0140% | 1h | 0.09997 | +0.018% | $598K | $119K | 25x | as long as short |
| Reya DOGERUSDPERP | +0.0189% | 1h | 0.09991 | −0.043% | $2K | — | 20x | as long as short |
| 01 Exchange DOGEUSD | +0.0208% | 1h | 0.10000 | +0.047% | $533 | $4K | 10x | as long as short |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.09995 | 0.000% | $15.6M | $25.4M | 75x | as long as short |
| Phoenix DOGE | +0.0242% | 1h | 0.1003 | +0.337% | $65K | $288K | 10x | as long as short |
| GMX DOGE/USD [ETH-USDC]short | L +0.0247% / S −0.0269% | 1h | 0.09991 | −0.042% | $313K | — | 200x | |
| Hyperliquid DOGE | +0.0264% | 1h | 0.1001 | +0.130% | $121.9M | $101.2M | 10x | as long as short |
| Coinbase International DOGE-PERP-INTX | +0.0296% | 1h | 0.1001 | +0.120% | $2.3M | $27.3M | 50x | as long as short |
| Arcus DOGE-USD | +0.0690% | 1h | 0.1001 | +0.130% | $109K | $199K | 10x | as long as short |
| RISEx DOGE/USDC | +0.0695% | 1h | 0.1000 | +0.077% | $404K | $413K | 10x | as long as short |
| Injective DOGE/USDC PERP | +0.1004% | 1h | 0.1005 | +0.550% | $5K | $239K | 12x | as long as short |
Pacifica DOGE
Binance DOGEUSDT
Bybit DOGEUSDT
OKX DOGE-USDT-SWAP
Bulk DOGE-USD
Gate DOGE_USDT
MEXC DOGE_USDT
KuCoin DOGEUSDTM
BingX DOGE-USDT
Variational Omni DOGE
edgeX DOGEUSDC
GRVT DOGE_USDT_Perp
ApeX Omni DOGEUSDT
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
Hyperliquid DOGE
Coinbase International DOGE-PERP-INTX
Arcus DOGE-USD
RISEx DOGE/USDC
Injective DOGE/USDC PERP