Funding you earn now, next payment 04:00 UTC−0.0204%/8h= −22.3% APRpaid last 24h −0.030%
Price spread now: Orderly against Coinbase International−0.078%7-day average −0.036% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.005%$0 on $10k
+Price spread, last 4 days (all we have)+0.075%+$7 · spread now −0.078%, 7d avg −0.036%
=Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Orderly is 0.042% cheaper against Coinbase International than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.036%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.005% 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 | Coinbase International DOGE-PERP-INTX | 0.1022 | 0.0304 | pay 0.0038% / 1h | 22m 03s | $2.1M | $33.3M | 50x |
| Short | Orderly PERP_DOGE_USDC | 0.1022 | 0.0100 | get 0.0100% / 8h | 3h 22m | $69K | $468K | 50x |
Coinbase International DOGE-PERP-INTX
Orderly PERP_DOGE_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly 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
- −$42.84
- Price spread: −0.078% → −0.036%
- −$4.19
- Slippage, 4 orders
- no order book: not counted
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$63.03
- Costs to cover
- 0.160%
- Break-even
- never at this rate
Slippage unknown: Coinbase International: live order book, 2 min ago; Orderly: no order-book sample. Net counts fees only.
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, 2 min ago | 2.42 bp | 9.8 bp −$10 | 14.9 bp −$149 | 47.5 bp −$4,747 | doesn't fit |
| Sell Orderly no order-book sample | — | — | — | — | — |
Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | 0.1023 | +0.076% | $698K | $6.3M | 2.8x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S 0.0000% | 1h | 0.1022 | −0.066% | $24K | — | 150x | as long as short |
| dYdX DOGE-USD | +0.0014% | 1h | 0.1023 | +0.080% | $230K | $70K | 10x | as long as short |
| Deribit DOGE_USDC-PERPETUAL | +0.0054% | 1h | 0.1021 | −0.099% | $580K | $247K | 25x | as long as short |
| Bitget DOGEUSDT | +0.0061% | 8h | 0.1020 | −0.196% | $132.9M | $316.1M | 75x | as long as short |
| Lighter DOGE | +0.0096% | 1h | 0.1022 | −0.005% | $755K | $6.5M | 15x | as long as short |
| Nado DOGE-PERP | +0.0100% | 1h | 0.1022 | −0.083% | $554K | $1.1M | 10x | as long as short |
| Aster DOGEUSDT | +0.0100% | 8h | 0.1021 | −0.127% | $4.9M | $54.6M | 75x | as long as short |
| Pacifica DOGE | +0.0100% | 1h | 0.1024 | +0.117% | $328K | $518K | 20x | as long as short |
| Binance DOGEUSDT | +0.0100% | 8h | 0.1021 | −0.140% | $338.2M | $1.61B | 75x | as long as short |
Kalshi KXDOGEPERP
gTrade (Gains Network) DOGE/USD
dYdX DOGE-USD
Deribit DOGE_USDC-PERPETUAL
Bitget DOGEUSDT
Lighter DOGE
Nado DOGE-PERP
Aster DOGEUSDT
Pacifica DOGE
Binance DOGEUSDTShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit DOGEUSDT | +0.0100% | 8h | 0.1020 | −0.245% | $167.1M | $497.6M | 75x | as long as short |
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.1020 | −0.215% | $116.0M | $1.15B | 50x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.1029 | +0.694% | $395K | $16K | 10x | as long as short |
| Gate DOGE_USDT | +0.0100% | 8h | 0.1021 | −0.127% | $252.6M | $145.9M | 75x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.1022 | −0.088% | $115.9M | $244.9M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.1021 | −0.108% | $67.1M | $48.1M | 75x | as long as short |
| BingX DOGE-USDT | +0.0100% | 8h | 0.1021 | −0.108% | — | $79.4M | — | as long as short |
| Backpack DOGE_USDC_PERP | +0.0100% | 1h | 0.1021 | −0.127% | $340K | $1.2M | 15x | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.1026 | +0.358% | $1.1M | $8.4M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.1031 | +0.889% | $329K | $135.6M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.1027 | +0.450% | $649K | $4.5M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.1032 | +0.939% | $156K | $329K | 25x | as long as short |
| Polymarket Perps DOGE-USD | +0.0100% | 1h | 0.1022 | −0.039% | $258K | $982K | 10x | as long as short |
| Orderly PERP_DOGE_USDCshort | +0.0100% | 8h | 0.1022 | −0.078% | $69K | $468K | 50x | |
| Derive DOGE-PERP | +0.0100% | 1h | 0.1021 | −0.125% | $25K | $1K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.1022 | −0.087% | $36K | $2.3M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.1022 | −0.068% | $2K | $5.1M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.1021 | −0.137% | $6.0M | $65.3M | 75x | as long as short |
| Phemex DOGEUSDT | +0.0100% | 8h | 0.1022 | −0.039% | $93.9M | $17.3M | 50x | as long as short |
| Paradex DOGE-USD-PERP | +0.0100% | 8h | 0.1023 | +0.107% | $18K | $7K | 30x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.1021 | −0.155% | $494K | $4.1M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.1021 | −0.103% | $19K | — | 3x | as long as short |
| Katana Perps DOGE-USD | +0.0121% | 8h | 0.1021 | −0.108% | $1K | $498K | 10x | as long as short |
| Reya DOGERUSDPERP | +0.0192% | 1h | 0.1022 | −0.054% | $2K | — | 20x | as long as short |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.1026 | +0.342% | $16.8M | $27.1M | 75x | as long as short |
| Phoenix DOGE | +0.0235% | 1h | 0.1031 | +0.855% | $19K | $292K | 10x | as long as short |
| Kraken Futures PF_DOGEUSD | +0.0246% | 1h | 0.1022 | −0.076% | $5.5M | $39.0M | 50x | as long as short |
| GMX DOGE/USD [ETH-USDC] | L +0.0256% / S −0.0309% | 1h | 0.1021 | −0.094% | $330K | — | 200x | as long as short |
| 01 Exchange DOGEUSD | +0.0256% | 1h | 0.1021 | −0.089% | $454 | $4K | 10x | as long as short |
| Coinbase International DOGE-PERP-INTXlong | +0.0304% | 1h | 0.1022 | long leg | $2.1M | $33.3M | 50x | |
| Hyperliquid DOGE | +0.0502% | 1h | 0.1022 | −0.029% | $127.5M | $110.5M | 10x | as long as short |
| Arcus DOGE-USD | +0.0634% | 1h | 0.1024 | +0.147% | $111K | $203K | 10x | as long as short |
| RISEx DOGE/USDC | +0.0728% | 1h | 0.1022 | −0.010% | $413K | $428K | 10x | as long as short |
| Injective DOGE/USDC PERP | +0.1062% | 1h | 0.1053 | +2.993% | $6K | $242K | 12x | as long as short |
Bybit DOGEUSDT
OKX DOGE-USDT-SWAP
Bulk DOGE-USD
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
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
Hyperliquid DOGE
Arcus DOGE-USD
RISEx DOGE/USDC
Injective DOGE/USDC PERP