Funding you earn now, next payment 07:00 UTC−0.0320%/8h= −35.0% APRnext payment −$0.40 per $10,000 · paid last 24h +0.004%
Price spread now: dYdX against Deribit−0.095%7-day average −0.016% · you buy dearer than you sell
Net, funding: paid 7d − costs−$82as in the Funding arb table
Net, price: spread back to 7d avg − costs−$100as in the Price arb table
costs, in and out, $10k−$920.916% of the position
Funding, last 7 days+0.093%+$9 on $10k
+Price spread, last 4 days (all we have)+0.058%+$6 · spread now −0.095%, 7d avg −0.016%
=Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and dYdX is 0.079% cheaper against Deribit than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.016%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.093%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.093% in total (about 4.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.40 per $10,000. 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 | Deribit DOGE_USDC-PERPETUAL | 0.1001 | 0.0320 | pay 0.0040% / 1h | 27m 12s | $574K | $252K | 25x |
| Short | dYdX DOGE-USD | 0.1000 | 0 | get 0.0000% / 1h | 27m 12s | $225K | $69K | 10x |
Deribit DOGE_USDC-PERPETUAL
dYdX DOGE-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
dYdX 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
- −$67.2
- Price spread: −0.095% → −0.016%
- −$7.88
- Slippage, 4 orders
- −$74.63
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee dYdX: 5 bp × 2 orders
- −$10
- Net
- −$166.71
- Costs to cover
- 0.916%
- Break-even
- never at this rate
Slippage from Deribit: live order book, 17 min ago; dYdX: live order book, 17 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, 17 min ago | 4.51 bp | 9.0 bp −$9 | 16.9 bp −$169 | doesn't fit | doesn't fit |
| Sell dYdX live order book, 17 min ago | 31.06 bp | 37.1 bp −$37 | 87.6 bp −$876 | 105.9 bp −$10.6K | 117.5 bp −$58.8K |
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 | −0.0082% | 1h | 0.1001 | −0.040% | $5.6M | $40.5M | 50x | as long as short |
| dYdX DOGE-USDshort | 0.0000% | 1h | 0.1000 | −0.095% | $225K | $69K | 10x | |
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.1000 | −0.089% | $611K | $6.6M | 2.8x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S 0.0000% | 1h | 0.09980 | −0.305% | $35K | — | 150x | as long as short |
| Injective DOGE/USDC PERP | +0.0033% | 1h | 0.1053 | +5.186% | $6K | $242K | 12x | as long as short |
| Polymarket Perps DOGE-USD | +0.0037% | 1h | 0.10000 | −0.110% | $267K | $1.2M | 10x | as long as short |
| Bitget DOGEUSDT | +0.0061% | 8h | 0.09997 | −0.138% | $142.1M | $344.2M | 75x | as long as short |
| Phoenix DOGE | +0.0080% | 1h | 0.09997 | −0.141% | $18K | $382K | 10x | as long as short |
| Lighter DOGE | +0.0096% | 1h | 0.1001 | +0.034% | $853K | $6.8M | 15x | as long as short |
| Aster DOGEUSDT | +0.0100% | 8h | 0.1001 | −0.045% | $4.6M | $58.5M | 75x | as long as short |
Kraken Futures PF_DOGEUSD
Kalshi KXDOGEPERP
gTrade (Gains Network) DOGE/USD
Injective DOGE/USDC PERP
Polymarket Perps DOGE-USD
Bitget DOGEUSDT
Phoenix DOGE
Lighter DOGE
Aster DOGEUSDTShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica DOGE | +0.0100% | 1h | 0.1001 | −0.055% | $320K | $500K | 20x | as long as short |
| Binance DOGEUSDT | +0.0100% | 8h | 0.1001 | −0.048% | $329.5M | $1.71B | 75x | as long as short |
| Bybit DOGEUSDT | +0.0100% | 8h | 0.1000 | −0.088% | $165.6M | $520.7M | 75x | as long as short |
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.1001 | −0.048% | $117.8M | $1.20B | 50x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.09990 | −0.208% | $384K | $16K | 10x | as long as short |
| Gate DOGE_USDT | +0.0100% | 8h | 0.1000 | −0.088% | $250.1M | $156.4M | 75x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.1001 | −0.048% | $111.1M | $258.1M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.1001 | −0.028% | $66.6M | $50.1M | 75x | as long as short |
| BingX DOGE-USDC | +0.0100% | 8h | 0.09999 | −0.118% | — | $3.5M | — | as long as short |
| Backpack DOGE_USDC_PERP | +0.0100% | 1h | 0.1001 | −0.058% | $302K | $1.3M | 15x | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.09984 | −0.270% | $1.1M | $8.7M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.09994 | −0.165% | $303K | $140.1M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.09988 | −0.228% | $630K | $4.7M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.1000 | −0.108% | $150K | $338K | 25x | as long as short |
| Nado DOGE-PERP | +0.0100% | 1h | 0.1000 | −0.093% | $540K | $1.1M | 10x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.1001 | −0.018% | $66K | $467K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.09967 | −0.441% | $19K | $7K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.1001 | −0.003% | $35K | $2.3M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.1001 | −0.038% | $2K | $5.4M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.1001 | −0.034% | $5.9M | $68.8M | 75x | as long as short |
| Phemex DOGEUSDT | +0.0100% | 8h | 0.1001 | −0.028% | $91.9M | $16.9M | 50x | as long as short |
| Paradex DOGE-USD-PERP | +0.0100% | 8h | 0.1000 | −0.099% | $18K | $5K | 30x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.1000 | −0.082% | $486K | $4.1M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.1001 | −0.033% | $19K | — | 3x | as long as short |
| Katana Perps DOGE-USD | +0.0108% | 8h | 0.09999 | −0.118% | $835 | $536K | 10x | as long as short |
| Hyperliquid DOGE | +0.0127% | 1h | 0.1001 | +0.032% | $124.3M | $116.5M | 10x | as long as short |
| Reya DOGERUSDPERP | +0.0197% | 1h | 0.09980 | −0.305% | $2K | — | 20x | as long as short |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.1001 | −0.008% | $16.2M | $27.1M | 75x | as long as short |
| Coinbase International DOGE-PERP-INTX | +0.0240% | 1h | 0.1001 | +0.002% | $1.9M | $34.9M | 50x | as long as short |
| GMX DOGE/USD [ETH-USDC] | L +0.0250% / S −0.0297% | 1h | 0.1001 | −0.038% | $315K | — | 200x | as long as short |
| 01 Exchange DOGEUSD | +0.0264% | 1h | 0.1001 | −0.034% | $445 | $4K | 10x | as long as short |
| Deribit DOGE_USDC-PERPETUALlong | +0.0320% | 1h | 0.1001 | long leg | $574K | $252K | 25x | |
| Arcus DOGE-USD | +0.0387% | 1h | 0.09999 | −0.118% | $21K | $307K | 10x | as long as short |
| RISEx DOGE/USDC | +0.0626% | 1h | 0.1002 | +0.047% | $403K | $458K | 10x | as long as short |
Pacifica DOGE
Binance DOGEUSDT
Bybit DOGEUSDT
OKX DOGE-USDT-SWAP
Bulk DOGE-USD
Gate DOGE_USDT
MEXC DOGE_USDT
KuCoin DOGEUSDTM
BingX DOGE-USDC
Backpack DOGE_USDC_PERP
Variational Omni DOGE
edgeX DOGEUSDC
GRVT DOGE_USDT_Perp
ApeX Omni DOGEUSDT
Nado DOGE-PERP
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
Hyperliquid DOGE
Reya DOGERUSDPERP
BloFin DOGE-USDT
Coinbase International DOGE-PERP-INTX
GMX DOGE/USD [ETH-USDC]
01 Exchange DOGEUSD
Arcus DOGE-USD
RISEx DOGE/USDC