Funding you earn now, next payment 09:00 UTC−0.0027%/8h= −3.0% APRnext payment −$0.03 per $10,000 · paid last 24h +0.013%
Price spread now: Bulk against Deribit+0.495%7-day average +0.006% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs+$6as in the Price arb table
costs, in and out, $10k−$430.430% of the position
Funding, last 4 days (all we have)+0.093%+$9 on $10k
+Price spread, last 4 days (all we have)−0.464%−$46 · spread now +0.495%, 7d avg +0.006%
=The price spread pays, funding is against you. Bulk is 0.488% dearer against Deribit than usual: you sell high and buy low (spread +0.495% now, against its 7-day average of +0.006%): +$49 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 2 months. Mind the row above: over the last 4 days funding on this pair paid +0.093%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit DOGE_USDC-PERPETUAL | 0.09826 | 0.0127 | pay 0.0016% / 1h | 31m 37s | $557K | $295K | 25x |
| Short | Bulk DOGE-USD | 0.09875 | 0.0100 | get 0.0013% / 1h | 31m 37s | $377K | $2K | 10x |
Deribit DOGE_USDC-PERPETUAL
Bulk DOGE-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bulk against Deribit. 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
- −$5.67
- Price spread: +0.495% → +0.006%
- $48.82
- Slippage, 4 orders
- −$28.98
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Bulk: 3.5 bp × 2 orders
- −$7
- Net
- $0.18
- Costs to cover
- 0.430%
- Break-even
- from the start
Slippage from Deribit: live order book, 2 min ago; Bulk: live order book, 2 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 Deribit live order book, 2 min ago | 3.56 bp | 17.8 bp −$18 | 22.3 bp −$223 | doesn't fit | doesn't fit |
| Sell Bulk live order book, 2 min ago | 5.09 bp | 8.6 bp −$9 | 8.6 bp −$86 | 17.1 bp −$1,708 | 29.5 bp −$14.7K |
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 | −0.0097% | 1h | 0.09825 | −0.017% | $5.4M | $40.6M | 50x | as long as short |
| Bitget DOGEUSDT | −0.0015% | 8h | 0.09820 | −0.065% | $139.2M | $346.6M | 75x | as long as short |
| Gate DOGE_USDT | −0.0008% | 8h | 0.09823 | −0.035% | $248.3M | $154.0M | 75x | as long as short |
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.09809 | −0.174% | $537K | $6.6M | 2.8x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S 0.0000% | 1h | 0.09819 | −0.080% | $35K | — | 150x | as long as short |
| Injective DOGE/USDC PERP | +0.0033% | 1h | 0.1053 | +7.160% | $6K | $242K | 12x | as long as short |
| Phoenix DOGE | +0.0081% | 1h | 0.09885 | +0.598% | $18K | $386K | 10x | as long as short |
| Lighter DOGE | +0.0096% | 1h | 0.09834 | +0.072% | $820K | $6.8M | 15x | as long as short |
| Katana Perps DOGE-USD | +0.0100% | 8h | 0.09823 | −0.035% | $2K | $545K | 10x | as long as short |
| Nado DOGE-PERP | +0.0100% | 1h | 0.09815 | −0.111% | $531K | $1.1M | 10x | as long as short |
Kraken Futures PF_DOGEUSD
Bitget DOGEUSDT
Gate DOGE_USDT
Kalshi KXDOGEPERP
gTrade (Gains Network) DOGE/USD
Injective DOGE/USDC PERP
Phoenix DOGE
Lighter DOGE
Katana Perps DOGE-USD
Nado DOGE-PERPShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid DOGE | +0.0100% | 1h | 0.09830 | +0.037% | $122.6M | $116.9M | 10x | as long as short |
| Aster DOGEUSDT | +0.0100% | 8h | 0.09825 | −0.014% | $4.9M | $58.8M | 75x | as long as short |
| Pacifica DOGE | +0.0100% | 1h | 0.09826 | −0.008% | $319K | $484K | 20x | as long as short |
| Binance DOGEUSDT | +0.0100% | 8h | 0.09825 | −0.016% | $325.2M | $1.71B | 75x | as long as short |
| Bybit DOGEUSDT | +0.0100% | 8h | 0.09824 | −0.024% | $162.6M | $520.7M | 75x | as long as short |
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.09826 | −0.004% | $113.9M | $1.18B | 50x | as long as short |
| Arcus DOGE-USD | +0.0100% | 1h | 0.09829 | +0.026% | $16K | $306K | 10x | as long as short |
| Bulk DOGE-USDshort | +0.0100% | 1h | 0.09875 | +0.495% | $377K | $2K | 10x | |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.09825 | −0.014% | $116.9M | $259.4M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.09826 | −0.004% | $65.8M | $49.3M | 75x | as long as short |
| BingX DOGE-USDT | +0.0100% | 8h | 0.09826 | −0.004% | — | $53.4M | — | as long as short |
| Backpack DOGE_USDC_PERP | +0.0100% | 1h | 0.09824 | −0.024% | $298K | $1.3M | 15x | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.09876 | +0.503% | $1.1M | $8.5M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.09876 | +0.500% | $300K | $139.1M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.09875 | +0.495% | $621K | $4.4M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.09900 | +0.749% | $141K | $347K | 25x | as long as short |
| Polymarket Perps DOGE-USD | +0.0100% | 1h | 0.09822 | −0.046% | $256K | $1.2M | 10x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.09824 | −0.024% | $70K | $465K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.09878 | +0.528% | $18K | $7K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.09824 | −0.027% | $34K | $2.2M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.09822 | −0.045% | $2K | $5.4M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.09831 | +0.047% | $5.9M | $69.1M | 75x | as long as short |
| Phemex DOGEUSDT | +0.0100% | 8h | 0.09827 | +0.006% | $89.8M | $16.6M | 50x | as long as short |
| Paradex DOGE-USD-PERP | +0.0100% | 8h | 0.09824 | −0.026% | $18K | $5K | 30x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.09822 | −0.040% | $479K | $4.1M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.09823 | −0.034% | $19K | — | 3x | as long as short |
| Deribit DOGE_USDC-PERPETUALlong | +0.0127% | 1h | 0.09826 | long leg | $557K | $295K | 25x | |
| Reya DOGERUSDPERP | +0.0202% | 1h | 0.09813 | −0.134% | $2K | — | 20x | as long as short |
| Coinbase International DOGE-PERP-INTX | +0.0208% | 1h | 0.09828 | +0.016% | $1.9M | $34.6M | 50x | as long as short |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.09830 | +0.037% | $15.3M | $26.6M | 75x | as long as short |
| 01 Exchange DOGEUSD | +0.0224% | 1h | 0.09833 | +0.064% | $453 | $4K | 10x | as long as short |
| GMX DOGE/USD [ETH-USDC] | L +0.0235% / S −0.0207% | 1h | 0.09817 | −0.091% | $295K | — | 200x | as long as short |
| dYdX DOGE-USD | +0.0573% | 1h | 0.09826 | −0.005% | $231K | $74K | 10x | as long as short |
| RISEx DOGE/USDC | +0.0717% | 1h | 0.09835 | +0.084% | $395K | $449K | 10x | as long as short |
Hyperliquid DOGE
Aster DOGEUSDT
Pacifica DOGE
Binance DOGEUSDT
Bybit DOGEUSDT
OKX DOGE-USDT-SWAP
Arcus 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
Coinbase International DOGE-PERP-INTX
BloFin DOGE-USDT
01 Exchange DOGEUSD
GMX DOGE/USD [ETH-USDC]
dYdX DOGE-USD
RISEx DOGE/USDC