Funding you earn now, next payment 22:00 UTC−0.0153%/8h= −16.7% APRpaid last 24h −0.020%
Price spread now: MEXC against Backpack+0.050%7-day average +0.023% · you sell dearer than you buy
Net, funding: paid 7d − costs−$18as in the Funding arb table
Net, price: spread back to 7d avg − costs−$10as in the Price arb table
costs, in and out, $10k−$120.124% of the position
Funding, last 7 days−0.055%−$5 on $10k
+Price spread, last 4 days (all we have)+0.001%$0 · spread now +0.050%, 7d avg +0.023%
=The price spread pays, funding is against you. MEXC is 0.027% dearer against Backpack than usual: you sell high and buy low (spread +0.050% now, against its 7-day average of +0.023%): +$3 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 14 hours. At the pace of the last 7 days (−0.055% in total) that is about 3.5 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack DOGE_USDC_PERP | 0.09911 | 0.0253 | pay 0.0032% / 1h | 4m 38s | $523K | $931K | 15x |
| Short | MEXC DOGE_USDT | 0.09916 | 0.0100 | get 0.0100% / 8h | 2h 04m | $109.7M | $221.4M | 300x |
Backpack DOGE_USDC_PERP
MEXC DOGE_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- −$32.06
- Price spread: +0.050% → +0.023%
- $2.7
- Slippage, 4 orders
- −$2.41
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$41.77
- Costs to cover
- 0.124%
- Break-even
- never at this rate
Slippage from Backpack: live order book, 19 min ago; MEXC: live order book, 4 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, 19 min ago | 0.50 bp | 5.5 bp −$6 | 428.2 bp −$4,282 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 4 min ago | 0.50 bp | 0.5 bp −$1 | 2.7 bp −$27 | 10.0 bp −$998 | 38.0 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget DOGEUSDT | −0.0278% | 8h | 0.09907 | −0.040% | $151.9M | $261.3M | 75x | as long as short |
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.09907 | −0.041% | $367K | $4.4M | 2.8x | as long as short |
| Deribit DOGE_USDC-PERPETUAL | 0.0000% | 1h | 0.09907 | −0.039% | $619K | $106K | 25x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S −0.0001% | 1h | 0.09903 | −0.076% | $32K | — | 150x | as long as short |
| Phoenix DOGE | +0.0080% | 1h | 0.09951 | +0.401% | $15K | $225K | 10x | as long as short |
| Gate DOGE_USDT | +0.0080% | 8h | 0.09911 | 0.000% | $236.1M | $121.2M | 75x | as long as short |
| Katana Perps DOGE-USD | +0.0096% | 8h | 0.09913 | +0.020% | $839 | $345K | 10x | as long as short |
| Lighter DOGE | +0.0096% | 1h | 0.09919 | +0.079% | $752K | $5.2M | 15x | as long as short |
| Nado DOGE-PERP | +0.0100% | 1h | 0.09903 | −0.086% | $627K | $698K | 10x | as long as short |
| Aster DOGEUSDT | +0.0100% | 8h | 0.09910 | −0.010% | $4.9M | $40.7M | 75x | as long as short |
Bitget DOGEUSDT
Kalshi KXDOGEPERP
Deribit DOGE_USDC-PERPETUAL
gTrade (Gains Network) DOGE/USD
Phoenix DOGE
Gate DOGE_USDT
Katana Perps DOGE-USD
Lighter DOGE
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 | 0.09917 | +0.061% | $334K | $496K | 20x | as long as short |
| Binance DOGEUSDT | +0.0100% | 8h | 0.09916 | +0.054% | $314.0M | $1.27B | 75x | as long as short |
| Bybit DOGEUSDT | +0.0100% | 8h | 0.09912 | +0.010% | $158.5M | $399.1M | 75x | as long as short |
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.09919 | +0.081% | $108.6M | $893.5M | 50x | as long as short |
| Arcus DOGE-USD | +0.0100% | 1h | 0.09921 | +0.101% | $28K | $76K | 10x | as long as short |
| MEXC DOGE_USDTshort | +0.0100% | 8h | 0.09916 | +0.050% | $109.7M | $221.4M | 300x | |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.09914 | +0.030% | $64.9M | $39.3M | 75x | as long as short |
| BingX DOGE-USDT | +0.0100% | 8h | 0.09915 | +0.040% | — | $73.5M | — | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.09902 | −0.090% | $931K | $7.8M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.09933 | +0.224% | $267K | $112.2M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.09924 | +0.135% | $629K | $4.6M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.09920 | +0.091% | $144K | $228K | 25x | as long as short |
| Polymarket Perps DOGE-USD | +0.0100% | 1h | 0.09901 | −0.105% | $270K | $529K | 10x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.09904 | −0.071% | $57K | $396K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.09903 | −0.081% | $24K | $1K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.09908 | −0.033% | $35K | $2.2M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.09905 | −0.061% | $2K | $3.4M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.09909 | −0.024% | $5.9M | $47.7M | 75x | as long as short |
| Phemex DOGEUSDT | +0.0100% | 8h | 0.09906 | −0.050% | $91.8M | $19.0M | 50x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.09947 | +0.364% | $381K | $14K | 10x | as long as short |
| Paradex DOGE-USD-PERP | +0.0100% | 8h | 0.09915 | +0.041% | $18K | $5K | 30x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.09913 | +0.019% | $547K | $3.6M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.09906 | −0.050% | $19K | — | 3x | as long as short |
| dYdX DOGE-USD | +0.0109% | 1h | 0.09913 | +0.018% | $223K | $44K | 10x | as long as short |
| 01 Exchange DOGEUSD | +0.0168% | 1h | 0.09916 | +0.052% | $524 | $4K | 10x | as long as short |
| Reya DOGERUSDPERP | +0.0175% | 1h | 0.09902 | −0.091% | $2K | — | 20x | as long as short |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.09910 | −0.010% | $15.1M | $23.8M | 75x | as long as short |
| Coinbase International DOGE-PERP-INTX | +0.0224% | 1h | 0.09906 | −0.050% | $2.0M | $22.5M | 50x | as long as short |
| GMX DOGE/USD [ETH-USDC] | L +0.0244% / S −0.0247% | 1h | 0.09903 | −0.083% | $316K | — | 200x | as long as short |
| Backpack DOGE_USDC_PERPlong | +0.0253% | 1h | 0.09911 | long leg | $523K | $931K | 15x | |
| Kraken Futures PF_DOGEUSD | +0.0289% | 1h | 0.09904 | −0.072% | $5.9M | $31.9M | 50x | as long as short |
| Hyperliquid DOGE | +0.0409% | 1h | 0.09924 | +0.127% | $109.1M | $79.9M | 10x | as long as short |
| RISEx DOGE/USDC | +0.0536% | 1h | 0.09921 | +0.100% | $311K | $474K | 10x | as long as short |
| Injective DOGE/USDC PERP | +0.1013% | 1h | 0.09960 | +0.494% | $5K | $180K | 12x | as long as short |
Pacifica DOGE
Binance DOGEUSDT
Bybit DOGEUSDT
OKX DOGE-USDT-SWAP
Arcus DOGE-USD
KuCoin DOGEUSDTM
BingX DOGE-USDT
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
Bulk DOGE-USD
Paradex DOGE-USD-PERP
Extended DOGE-USD
Aevo DOGE-PERP
dYdX DOGE-USD
01 Exchange DOGEUSD
Reya DOGERUSDPERP
BloFin DOGE-USDT
Coinbase International DOGE-PERP-INTX
GMX DOGE/USD [ETH-USDC]
Kraken Futures PF_DOGEUSD
Hyperliquid DOGE
RISEx DOGE/USDC
Injective DOGE/USDC PERP