Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRnext payment −$0.00 per $10,000 · paid last 24h −0.025%
Price spread now: Nado against Backpack−0.498%7-day average −0.003% · 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−$87as in the Price arb table
costs, in and out, $10k−$380.377% of the position
Funding, last 3 days (all we have)−0.010%−$1 on $10k
+Price spread, last 3 days (all we have)+0.651%+$65 · spread now −0.498%, 7d avg −0.003%
=Together, before fees+0.641%+ Points / potential airdropNado: Active · farm board+$64 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Nado is 0.495% cheaper against Backpack than usual: you would sell low and buy high, −$50 on $10k if it goes back to its 7-day average of −0.003%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack DOGE_USDC_PERP | 0.1003 | 0.0100 | pay 0.0013% / 1h | 55m 27s | $382K | $1.1M | 15x |
| Short | Nado DOGE-PERP | 0.09983 | 0.0100 | get 0.0012% / 1h | 55m 27s | $512K | $977K | 10x |
Backpack DOGE_USDC_PERP
Nado DOGE-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Nado 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
- $0
- Price spread: −0.498% → −0.003%
- −$49.54
- Slippage, 4 orders
- −$20.71
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- −$87.25
- Costs to cover
- 0.377%
- Break-even
- never at this rate
Slippage from Backpack: live order book, 4 min ago; Nado: live order book, 18 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 | 0.50 bp | 6.8 bp −$7 | 13.8 bp −$138 | doesn't fit | doesn't fit |
| Sell Nado live order book, 18 min ago | 1.51 bp | 7.2 bp −$7 | 18.3 bp −$183 | doesn't fit | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| Phemex DOGEUSDT | −0.1396% | 8h | 0.1002 | −0.140% | $92.5M | $19.1M | 50x | as long as short |
| Gate DOGE_USDT | −0.0248% | 8h | 0.09983 | −0.498% | $241.7M | $126.2M | 75x | as long as short |
| Bitget DOGEUSDT | −0.0204% | 8h | 0.09975 | −0.578% | $152.4M | $270.9M | 75x | as long as short |
| Kraken Futures PF_DOGEUSD | −0.0077% | 1h | 0.1002 | −0.080% | $6.0M | $33.7M | 50x | as long as short |
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.1001 | −0.185% | $409K | $4.8M | 2.8x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S 0.0000% | 1h | 0.1001 | −0.191% | $24K | — | 150x | as long as short |
| dYdX DOGE-USD | +0.0043% | 1h | 0.09995 | −0.381% | $224K | $44K | 10x | as long as short |
| Deribit DOGE_USDC-PERPETUAL | +0.0089% | 1h | 0.1002 | −0.124% | $603K | $121K | 25x | as long as short |
| Lighter DOGE | +0.0096% | 1h | 0.1001 | −0.277% | $858K | $5.6M | 15x | as long as short |
| Katana Perps DOGE-USD | +0.0100% | 8h | 0.09986 | −0.468% | $999 | $398K | 10x | as long as short |
Phemex DOGEUSDT
Gate DOGE_USDT
Bitget DOGEUSDT
Kraken Futures PF_DOGEUSD
Kalshi KXDOGEPERP
gTrade (Gains Network) DOGE/USD
dYdX DOGE-USD
Deribit DOGE_USDC-PERPETUAL
Lighter DOGE
Katana Perps DOGE-USDShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Nado DOGE-PERPshort | +0.0100% | 1h | 0.09983 | −0.498% | $512K | $977K | 10x | |
| Aster DOGEUSDT | +0.0100% | 8h | 0.10000 | −0.329% | $4.9M | $46.4M | 75x | as long as short |
| Pacifica DOGE | +0.0100% | 1h | 0.1000 | −0.326% | $333K | $511K | 20x | as long as short |
| Binance DOGEUSDT | +0.0100% | 8h | 0.09983 | −0.495% | $317.7M | $1.39B | 75x | as long as short |
| Bybit DOGEUSDT | +0.0100% | 8h | 0.09985 | −0.478% | $157.6M | $436.5M | 75x | as long as short |
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.09986 | −0.468% | $110.3M | $961.7M | 50x | as long as short |
| Arcus DOGE-USD | +0.0100% | 1h | 0.09983 | −0.498% | $28K | $82K | 10x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.09980 | −0.528% | $382K | $12K | 10x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.09999 | −0.339% | $111.1M | $222.3M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.1001 | −0.239% | $66.0M | $42.3M | 75x | as long as short |
| BingX DOGE-USDT | +0.0100% | 8h | 0.09986 | −0.468% | — | $76.2M | — | as long as short |
| Backpack DOGE_USDC_PERPlong | +0.0100% | 1h | 0.1003 | long leg | $382K | $1.1M | 15x | |
| Variational Omni DOGE | +0.0100% | 8h | 0.1002 | −0.148% | $1.0M | $8.1M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.09996 | −0.373% | $261K | $121.3M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.1001 | −0.272% | $629K | $4.6M | 10x | as long as short |
| Polymarket Perps DOGE-USD | +0.0100% | 1h | 0.09981 | −0.523% | $264K | $567K | 10x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.1002 | −0.159% | $73K | $446K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.1002 | −0.163% | $25K | $1K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.1002 | −0.100% | $35K | $2.2M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.1002 | −0.100% | $2K | $3.7M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.1002 | −0.130% | $6.0M | $52.2M | 75x | as long as short |
| Paradex DOGE-USD-PERP | +0.0100% | 8h | 0.09986 | −0.471% | $18K | $5K | 30x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.09987 | −0.462% | $620K | $3.9M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.1001 | −0.189% | $19K | — | 3x | as long as short |
| 01 Exchange DOGEUSD | +0.0168% | 1h | 0.09980 | −0.532% | $527 | $4K | 10x | as long as short |
| Reya DOGERUSDPERP | +0.0180% | 1h | 0.09976 | −0.568% | $2K | — | 20x | as long as short |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.1000 | −0.329% | $15.3M | $25.4M | 75x | as long as short |
| Phoenix DOGE | +0.0239% | 1h | 0.1001 | −0.265% | $67K | $283K | 10x | as long as short |
| Coinbase International DOGE-PERP-INTX | +0.0240% | 1h | 0.1002 | −0.090% | $2.0M | $24.5M | 50x | as long as short |
| GMX DOGE/USD [ETH-USDC] | L +0.0244% / S −0.0263% | 1h | 0.1001 | −0.243% | $309K | — | 200x | as long as short |
| ApeX Omni DOGEUSDT | +0.0539% | 1h | 0.1001 | −0.229% | $147K | $253K | 25x | as long as short |
| RISEx DOGE/USDC | +0.0701% | 1h | 0.09984 | −0.488% | $316K | $478K | 10x | as long as short |
| Hyperliquid DOGE | +0.0836% | 1h | 0.1002 | −0.136% | $118.3M | $91.3M | 10x | as long as short |
| Injective DOGE/USDC PERP | +0.0973% | 1h | 0.1002 | −0.130% | $5K | $239K | 12x | as long as short |
Aster DOGEUSDT
Pacifica DOGE
Binance DOGEUSDT
Bybit DOGEUSDT
OKX DOGE-USDT-SWAP
Arcus DOGE-USD
Bulk DOGE-USD
MEXC DOGE_USDT
KuCoin DOGEUSDTM
BingX DOGE-USDT
Variational Omni DOGE
edgeX DOGEUSDC
GRVT DOGE_USDT_Perp
Polymarket Perps DOGE-USD
Orderly PERP_DOGE_USDC
Derive DOGE-PERP
SunX DOGE-USDT
SoDEX DOGE-USD
HTX DOGE-USDT
Paradex DOGE-USD-PERP
Extended DOGE-USD
Aevo DOGE-PERP
01 Exchange DOGEUSD
Reya DOGERUSDPERP
BloFin DOGE-USDT
Phoenix DOGE
Coinbase International DOGE-PERP-INTX
GMX DOGE/USD [ETH-USDC]
ApeX Omni DOGEUSDT
RISEx DOGE/USDC
Hyperliquid DOGE
Injective DOGE/USDC PERP