Funding you earn now, next payment 05:00 UTC+0.0096%/8h= +10.5% APRnext payment +$0.12 per $10,000 · paid last 24h −0.023%
Price spread now: Deribit against Bulk−1.514%7-day average +0.005% · 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−$187as in the Price arb table
costs, in and out, $10k−$350.354% of the position
Funding, last 4 days (all we have)−0.097%−$10 on $10k
+Price spread, last 4 days (all we have)+1.554%+$155 · spread now −1.514%, 7d avg +0.005%
=Funding pays, the price is against you. Deribit is 1.518% cheaper against Bulk than usual: you would sell low and buy high (spread −1.514% now, against its 7-day average of +0.005%). If the spread goes back, that is −$152 on $10k: about 53 days of funding at the current rate (+$3 a day). Mind the row above: over the last 4 days funding on this pair cost −0.097%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bulk DOGE-USD | 0.1046 | 0.0100 | pay 0.0013% / 1h | 26m 29s | $402K | $16K | 10x |
| Short | Deribit DOGE_USDC-PERPETUAL | 0.1030 | 0.0196 | get 0.0024% / 1h | 26m 29s | $585K | $247K | 25x |
Bulk DOGE-USD
Deribit DOGE_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against Bulk. 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
- $20.16
- Price spread: −1.514% → +0.005%
- −$151.83
- Slippage, 4 orders
- −$21.43
- Fee Bulk: 3.5 bp × 2 orders
- −$7
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$167.1
- Costs to cover
- 0.354%
- Break-even
- 65.0 days
Slippage from Bulk: live order book, 28 min ago; Deribit: live order book, 27 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 Bulk live order book, 28 min ago | 4.76 bp | 8.3 bp −$8 | 8.3 bp −$83 | 18.6 bp −$1,858 | 30.5 bp −$15.2K |
| Sell Deribit live order book, 27 min ago | 5.70 bp | 9.7 bp −$10 | 54.4 bp −$544 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.1031 | −1.467% | $710K | $6.2M | 2.8x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S 0.0000% | 1h | 0.1031 | −1.458% | $24K | — | 150x | as long as short |
| dYdX DOGE-USD | +0.0015% | 1h | 0.1029 | −1.626% | $231K | $70K | 10x | as long as short |
| Bitget DOGEUSDT | +0.0053% | 8h | 0.1027 | −1.889% | $134.1M | $315.3M | 75x | as long as short |
| Lighter DOGE | +0.0096% | 1h | 0.1031 | −1.429% | $728K | $6.4M | 15x | as long as short |
| Nado DOGE-PERP | +0.0100% | 1h | 0.1027 | −1.803% | $557K | $1.1M | 10x | as long as short |
| Aster DOGEUSDT | +0.0100% | 8h | 0.1028 | −1.759% | $4.9M | $54.2M | 75x | as long as short |
| Pacifica DOGE | +0.0100% | 1h | 0.1030 | −1.534% | $330K | $518K | 20x | as long as short |
| Binance DOGEUSDT | +0.0100% | 8h | 0.1027 | −1.851% | $340.2M | $1.60B | 75x | as long as short |
| Bybit DOGEUSDT | +0.0100% | 8h | 0.1027 | −1.889% | $169.5M | $495.0M | 75x | as long as short |
Kalshi KXDOGEPERP
gTrade (Gains Network) DOGE/USD
dYdX DOGE-USD
Bitget DOGEUSDT
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 | 0.1027 | −1.889% | $117.2M | $1.15B | 50x | as long as short |
| Bulk DOGE-USDlong | +0.0100% | 1h | 0.1046 | long leg | $402K | $16K | 10x | |
| Gate DOGE_USDT | +0.0100% | 8h | 0.1028 | −1.736% | $254.2M | $144.8M | 75x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.1029 | −1.631% | $116.4M | $243.4M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.1028 | −1.708% | $67.6M | $48.0M | 75x | as long as short |
| BingX DOGE-USDT | +0.0100% | 8h | 0.1028 | −1.784% | — | $79.3M | — | as long as short |
| Backpack DOGE_USDC_PERP | +0.0100% | 1h | 0.1030 | −1.593% | $347K | $1.2M | 15x | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.1038 | −0.822% | $1.2M | $8.4M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.1038 | −0.778% | $331K | $135.3M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.1038 | −0.777% | $656K | $4.5M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.1039 | −0.695% | $155K | $327K | 25x | as long as short |
| Polymarket Perps DOGE-USD | +0.0100% | 1h | 0.1027 | −1.880% | $259K | $974K | 10x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.1031 | −1.478% | $72K | $460K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.1030 | −1.529% | $25K | $1K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.1031 | −1.498% | $36K | $2.3M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.1030 | −1.526% | $2K | $5.0M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.1030 | −1.510% | $6.1M | $65.1M | 75x | as long as short |
| Phemex DOGEUSDT | +0.0100% | 8h | 0.1031 | −1.478% | $94.8M | $17.2M | 50x | as long as short |
| Paradex DOGE-USD-PERP | +0.0100% | 8h | 0.1029 | −1.653% | $18K | $7K | 30x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.1028 | −1.741% | $497K | $4.1M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.1030 | −1.539% | $20K | — | 3x | as long as short |
| Katana Perps DOGE-USD | +0.0122% | 8h | 0.1028 | −1.784% | $2K | $496K | 10x | as long as short |
| Reya DOGERUSDPERP | +0.0192% | 1h | 0.1026 | −1.889% | $2K | — | 20x | as long as short |
| Deribit DOGE_USDC-PERPETUALshort | +0.0196% | 1h | 0.1030 | −1.514% | $585K | $247K | 25x | |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.1030 | −1.526% | $16.7M | $27.2M | 75x | as long as short |
| Phoenix DOGE | +0.0235% | 1h | 0.1032 | −1.353% | $19K | $292K | 10x | as long as short |
| Kraken Futures PF_DOGEUSD | +0.0244% | 1h | 0.1030 | −1.549% | $5.5M | $38.7M | 50x | as long as short |
| GMX DOGE/USD [ETH-USDC] | L +0.0257% / S −0.0309% | 1h | 0.1031 | −1.454% | $333K | — | 200x | as long as short |
| 01 Exchange DOGEUSD | +0.0264% | 1h | 0.1028 | −1.748% | $457 | $4K | 10x | as long as short |
| Coinbase International DOGE-PERP-INTX | +0.0304% | 1h | 0.1031 | −1.469% | $2.0M | $33.1M | 50x | as long as short |
| Hyperliquid DOGE | +0.0530% | 1h | 0.1028 | −1.784% | $128.0M | $110.0M | 10x | as long as short |
| Arcus DOGE-USD | +0.0634% | 1h | 0.1028 | −1.717% | $111K | $200K | 10x | as long as short |
| RISEx DOGE/USDC | +0.0728% | 1h | 0.1028 | −1.731% | $415K | $428K | 10x | as long as short |
| Injective DOGE/USDC PERP | +0.1062% | 1h | 0.1053 | +0.643% | $6K | $242K | 12x | as long as short |
OKX DOGE-USDT-SWAP
Gate DOGE_USDT
MEXC DOGE_USDT
KuCoin DOGEUSDTM
BingX DOGE-USDT
Backpack DOGE_USDC_PERP
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
Paradex DOGE-USD-PERP
Extended DOGE-USD
Aevo DOGE-PERP
Katana Perps DOGE-USD
Reya DOGERUSDPERP
BloFin DOGE-USDT
Phoenix DOGE
Kraken Futures PF_DOGEUSD
GMX DOGE/USD [ETH-USDC]
01 Exchange DOGEUSD
Coinbase International DOGE-PERP-INTX
Hyperliquid DOGE
Arcus DOGE-USD
RISEx DOGE/USDC
Injective DOGE/USDC PERP