Funding you earn now, next payment 00:00 UTC−0.0266%/8h= −29.2% APRpaid last 24h −0.025%
Price spread now: SunX against Backpack−0.042%7-day average +0.040% · you buy dearer than you sell
Net, funding: paid 7d − costs−$59as in the Funding arb table
Net, price: spread back to 7d avg − costs−$67as in the Price arb table
costs, in and out, $10k−$580.584% of the position
Funding, last 7 days−0.003%$0 on $10k
+Price spread, last 3 days (all we have)+0.126%+$13 · spread now −0.042%, 7d avg +0.040%
=Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and SunX is 0.082% cheaper against Backpack than usual: you would sell low and buy high (−$8 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 -0.003% in total (about -0.2% 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 | Backpack DOGE_USDC_PERP | 0.09987 | 0.0366 | pay 0.0046% / 1h | 25m 29s | $533K | $966K | 15x |
| Short | SunX DOGE-USDT | 0.09983 | 0.0100 | get 0.0100% / 8h | 25m 29s | $35K | $2.2M | 30x |
Backpack DOGE_USDC_PERP
SunX DOGE-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
SunX 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
- −$55.95
- Price spread: −0.042% → +0.040%
- −$8.23
- Slippage, 4 orders
- −$40.37
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- −$122.55
- Costs to cover
- 0.584%
- Break-even
- never at this rate
Slippage from Backpack: live order book, 53 min ago; SunX: live order book, 1 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, 53 min ago | 0.50 bp | 6.1 bp −$6 | 351.6 bp −$3,516 | doesn't fit | doesn't fit |
| Sell SunX live order book, 1 min ago | 17.67 bp | 24.7 bp −$25 | 40.2 bp −$402 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget DOGEUSDT | −0.0237% | 8h | 0.09964 | −0.230% | $151.8M | $269.4M | 75x | as long as short |
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.09986 | −0.007% | $413K | $4.8M | 2.8x | as long as short |
| Deribit DOGE_USDC-PERPETUAL | 0.0000% | 1h | 0.09980 | −0.073% | $601K | $117K | 25x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S 0.0000% | 1h | 0.09978 | −0.087% | $23K | — | 150x | as long as short |
| dYdX DOGE-USD | +0.0054% | 1h | 0.09973 | −0.137% | $224K | $44K | 10x | as long as short |
| Gate DOGE_USDT | +0.0074% | 8h | 0.09969 | −0.180% | $240.1M | $127.4M | 75x | as long as short |
| Lighter DOGE | +0.0096% | 1h | 0.09983 | −0.040% | $790K | $5.5M | 15x | as long as short |
| Katana Perps DOGE-USD | +0.0097% | 8h | 0.09968 | −0.190% | $2K | $390K | 10x | as long as short |
| Nado DOGE-PERP | +0.0100% | 1h | 0.09977 | −0.100% | $511K | $976K | 10x | as long as short |
| Aster DOGEUSDT | +0.0100% | 8h | 0.09978 | −0.095% | $4.9M | $45.6M | 75x | as long as short |
Bitget DOGEUSDT
Kalshi KXDOGEPERP
Deribit DOGE_USDC-PERPETUAL
gTrade (Gains Network) DOGE/USD
dYdX DOGE-USD
Gate DOGE_USDT
Lighter DOGE
Katana 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 | 0.09982 | −0.050% | $333K | $510K | 20x | as long as short |
| Binance DOGEUSDT | +0.0100% | 8h | 0.09972 | −0.145% | $316.2M | $1.37B | 75x | as long as short |
| Bybit DOGEUSDT | +0.0100% | 8h | 0.09971 | −0.160% | $156.9M | $431.5M | 75x | as long as short |
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.09973 | −0.140% | $108.8M | $945.6M | 50x | as long as short |
| Arcus DOGE-USD | +0.0100% | 1h | 0.09974 | −0.130% | $31K | $80K | 10x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.1001 | +0.205% | $383K | $12K | 10x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.09973 | −0.140% | $111.8M | $221.2M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.09976 | −0.110% | $65.6M | $41.9M | 75x | as long as short |
| BingX DOGE-USDC | +0.0100% | 8h | 0.09977 | −0.100% | — | $3.4M | — | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.09978 | −0.087% | $1.0M | $8.1M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.09998 | +0.109% | $274K | $119.0M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.09994 | +0.074% | $635K | $4.6M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.1001 | +0.230% | $147K | $250K | 25x | as long as short |
| Polymarket Perps DOGE-USD | +0.0100% | 1h | 0.09974 | −0.126% | $256K | $557K | 10x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.09978 | −0.090% | $73K | $433K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.09976 | −0.110% | $24K | $1K | 10x | as long as short |
| SunX DOGE-USDTshort | +0.0100% | 8h | 0.09983 | −0.042% | $35K | $2.2M | 30x | |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.09978 | −0.090% | $2K | $3.6M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.09975 | −0.123% | $6.0M | $51.7M | 75x | as long as short |
| Phemex DOGEUSDT | +0.0100% | 8h | 0.09980 | −0.070% | $92.3M | $19.2M | 50x | as long as short |
| Paradex DOGE-USD-PERP | +0.0100% | 8h | 0.09979 | −0.084% | $18K | $5K | 30x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.09970 | −0.173% | $525K | $3.7M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.09979 | −0.080% | $19K | — | 3x | as long as short |
| Kraken Futures PF_DOGEUSD | +0.0105% | 1h | 0.09976 | −0.114% | $5.9M | $33.4M | 50x | as long as short |
| Reya DOGERUSDPERP | +0.0179% | 1h | 0.09979 | −0.083% | $2K | — | 20x | as long as short |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.09993 | +0.060% | $15.4M | $25.2M | 75x | as long as short |
| 01 Exchange DOGEUSD | +0.0224% | 1h | 0.09973 | −0.137% | $527 | $4K | 10x | as long as short |
| Phoenix DOGE | +0.0239% | 1h | 0.1001 | +0.196% | $67K | $281K | 10x | as long as short |
| Coinbase International DOGE-PERP-INTX | +0.0240% | 1h | 0.09981 | −0.060% | $2.0M | $24.1M | 50x | as long as short |
| GMX DOGE/USD [ETH-USDC] | L +0.0246% / S −0.0273% | 1h | 0.09978 | −0.086% | $314K | — | 200x | as long as short |
| Backpack DOGE_USDC_PERPlong | +0.0366% | 1h | 0.09987 | long leg | $533K | $966K | 15x | |
| RISEx DOGE/USDC | +0.0708% | 1h | 0.09975 | −0.115% | $313K | $474K | 10x | as long as short |
| Hyperliquid DOGE | +0.0891% | 1h | 0.09995 | +0.077% | $117.4M | $89.2M | 10x | as long as short |
| Injective DOGE/USDC PERP | +0.1039% | 1h | 0.1003 | +0.431% | $5K | $239K | 12x | as long as short |
Pacifica DOGE
Binance DOGEUSDT
Bybit DOGEUSDT
OKX DOGE-USDT-SWAP
Arcus DOGE-USD
Bulk DOGE-USD
MEXC DOGE_USDT
KuCoin DOGEUSDTM
BingX DOGE-USDC
Variational Omni DOGE
edgeX DOGEUSDC
GRVT DOGE_USDT_Perp
ApeX Omni DOGEUSDT
Polymarket Perps DOGE-USD
Orderly PERP_DOGE_USDC
Derive DOGE-PERP
SoDEX DOGE-USD
HTX DOGE-USDT
Phemex DOGEUSDT
Paradex DOGE-USD-PERP
Extended DOGE-USD
Aevo DOGE-PERP
Kraken Futures PF_DOGEUSD
Reya DOGERUSDPERP
BloFin DOGE-USDT
01 Exchange DOGEUSD
Phoenix DOGE
Coinbase International DOGE-PERP-INTX
GMX DOGE/USD [ETH-USDC]
RISEx DOGE/USDC
Hyperliquid DOGE
Injective DOGE/USDC PERP