Funding you earn now, next payment 08:00 UTC−0.0108%/8h= −11.8% APRpaid last 24h −0.035%
Price spread now: Bybit against Coinbase International−0.131%7-day average −0.037% · you buy dearer than you sell
Net, funding: paid 7d − costs−$35as in the Funding arb table
Net, price: spread back to 7d avg − costs−$42as in the Price arb table
costs, in and out, $10k−$330.329% of the position
Funding, last 7 days−0.016%−$2 on $10k
+Price spread, last 4 days (all we have)+0.188%+$19 · spread now −0.131%, 7d avg −0.037%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Bybit is 0.095% cheaper against Coinbase International than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of −0.037%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International DOGE-PERP-INTX | 0.09886 | 0.0208 | pay 0.0026% / 1h | 35m 54s | $1.9M | $34.7M | 50x |
| Short | Bybit DOGEUSDT | 0.09873 | 0.0100 | get 0.0100% / 8h | 7h 35m | $163.4M | $519.5M | 75x |
Coinbase International DOGE-PERP-INTX
Bybit DOGEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Coinbase International. 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
- −$22.68
- Price spread: −0.131% → −0.037%
- −$9.48
- Slippage, 4 orders
- −$11.9
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$65.07
- Costs to cover
- 0.329%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 3 min ago; Bybit: live order book, 3 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 Coinbase International live order book, 3 min ago | 1.01 bp | 11.0 bp −$11 | 18.8 bp −$188 | 44.9 bp −$4,493 | doesn't fit |
| Sell Bybit live order book, 3 min ago | 0.51 bp | 6.8 bp −$7 | 8.8 bp −$88 | 19.6 bp −$1,963 | 40.7 bp −$20.3K |
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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_DOGEUSD | −0.0096% | 1h | 0.09883 | −0.028% | $5.5M | $40.5M | 50x | as long as short |
| Bitget DOGEUSDT | −0.0013% | 8h | 0.09871 | −0.152% | $140.2M | $346.2M | 75x | as long as short |
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.09887 | +0.012% | $553K | $6.6M | 2.8x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S 0.0000% | 1h | 0.09876 | −0.099% | $35K | — | 150x | as long as short |
| Injective DOGE/USDC PERP | +0.0033% | 1h | 0.1053 | +6.514% | $6K | $242K | 12x | as long as short |
| Phoenix DOGE | +0.0081% | 1h | 0.09898 | +0.118% | $18K | $386K | 10x | as long as short |
| Deribit DOGE_USDC-PERPETUAL | +0.0094% | 1h | 0.09885 | −0.014% | $560K | $293K | 25x | as long as short |
| Lighter DOGE | +0.0096% | 1h | 0.09891 | +0.052% | $825K | $6.8M | 15x | as long as short |
| Gate DOGE_USDT | +0.0096% | 8h | 0.09875 | −0.111% | $249.9M | $153.6M | 75x | as long as short |
| Katana Perps DOGE-USD | +0.0100% | 8h | 0.09877 | −0.091% | $1K | $544K | 10x | as long as short |
Kraken Futures PF_DOGEUSD
Bitget DOGEUSDT
Kalshi KXDOGEPERP
gTrade (Gains Network) DOGE/USD
Injective DOGE/USDC PERP
Phoenix DOGE
Deribit DOGE_USDC-PERPETUAL
Lighter DOGE
Gate DOGE_USDT
Katana Perps DOGE-USDShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Nado DOGE-PERP | +0.0100% | 1h | 0.09874 | −0.116% | $535K | $1.1M | 10x | as long as short |
| Hyperliquid DOGE | +0.0100% | 1h | 0.09883 | −0.028% | $123.4M | $116.7M | 10x | as long as short |
| Aster DOGEUSDT | +0.0100% | 8h | 0.09878 | −0.078% | $4.9M | $58.9M | 75x | as long as short |
| Pacifica DOGE | +0.0100% | 1h | 0.09877 | −0.092% | $321K | $484K | 20x | as long as short |
| Binance DOGEUSDT | +0.0100% | 8h | 0.09878 | −0.085% | $326.8M | $1.71B | 75x | as long as short |
| Bybit DOGEUSDTshort | +0.0100% | 8h | 0.09873 | −0.131% | $163.4M | $519.5M | 75x | |
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.09876 | −0.101% | $115.4M | $1.18B | 50x | as long as short |
| Arcus DOGE-USD | +0.0100% | 1h | 0.09877 | −0.091% | $16K | $306K | 10x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.09875 | −0.111% | $377K | $2K | 10x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.09878 | −0.081% | $117.9M | $258.8M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.09881 | −0.051% | $66.2M | $49.3M | 75x | as long as short |
| BingX DOGE-USDT | +0.0100% | 8h | 0.09876 | −0.101% | — | $53.5M | — | as long as short |
| Backpack DOGE_USDC_PERP | +0.0100% | 1h | 0.09881 | −0.051% | $301K | $1.3M | 15x | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.09876 | −0.102% | $1.1M | $8.5M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.09878 | −0.080% | $300K | $139.1M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.09877 | −0.091% | $621K | $4.4M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.09880 | −0.061% | $141K | $347K | 25x | as long as short |
| Polymarket Perps DOGE-USD | +0.0100% | 1h | 0.09877 | −0.093% | $257K | $1.2M | 10x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.09877 | −0.091% | $70K | $465K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.09878 | −0.078% | $18K | $7K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.09880 | −0.063% | $34K | $2.2M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.09882 | −0.040% | $2K | $5.4M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.09886 | +0.005% | $5.8M | $68.9M | 75x | as long as short |
| Phemex DOGEUSDT | +0.0100% | 8h | 0.09882 | −0.040% | $90.3M | $16.5M | 50x | as long as short |
| Paradex DOGE-USD-PERP | +0.0100% | 8h | 0.09875 | −0.113% | $18K | $5K | 30x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.09874 | −0.123% | $481K | $4.1M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.09878 | −0.076% | $19K | — | 3x | as long as short |
| Reya DOGERUSDPERP | +0.0202% | 1h | 0.09879 | −0.073% | $2K | — | 20x | as long as short |
| Coinbase International DOGE-PERP-INTXlong | +0.0208% | 1h | 0.09886 | long leg | $1.9M | $34.7M | 50x | |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.09884 | −0.020% | $15.5M | $26.7M | 75x | as long as short |
| 01 Exchange DOGEUSD | +0.0224% | 1h | 0.09880 | −0.058% | $455 | $4K | 10x | as long as short |
| GMX DOGE/USD [ETH-USDC] | L +0.0235% / S −0.0216% | 1h | 0.09878 | −0.084% | $291K | — | 200x | as long as short |
| dYdX DOGE-USD | +0.0596% | 1h | 0.09877 | −0.091% | $231K | $73K | 10x | as long as short |
| RISEx DOGE/USDC | +0.0717% | 1h | 0.09882 | −0.035% | $397K | $448K | 10x | as long as short |
Nado DOGE-PERP
Hyperliquid DOGE
Aster DOGEUSDT
Pacifica DOGE
Binance DOGEUSDT
OKX DOGE-USDT-SWAP
Arcus DOGE-USD
Bulk DOGE-USD
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
Reya DOGERUSDPERP
BloFin DOGE-USDT
01 Exchange DOGEUSD
GMX DOGE/USD [ETH-USDC]
dYdX DOGE-USD
RISEx DOGE/USDC