Funding you earn now, next payment 02:00 UTC+0.1004%/8h= +109.9% APRnext payment +$1.25 per $10,000 · paid last 24h +0.234%
Price spread now: Injective against Deribit+1.119%63s7-day average +0.181% · you sell dearer than you buy
Net, funding: paid 7d − costs+$92as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$780.776% of the position
Funding, last 7 days+1.692%+$169 on $10k
+Price spread, last 3 days (all we have)−1.098%−$110 · spread now +1.119%, 7d avg +0.181%
=Both sides work for this trade now. Funding pays +$30 a day on $10k at the current rate, and Injective is 0.937% dearer against Deribit than usual: you sell high and buy low: +$94 more if the spread goes back to its 7-day average of +0.181%. The two prices were read 63 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit DOGE_USDC-PERPETUAL | 0.09870 | 0 | get 0.0000% / 1h | 41m 26s | $590K | $119K | 25x |
| Short | Injective DOGE/USDC PERP | 0.09980 | 0.1004 | get 0.0125% / 1h | 41m 26s | $5K | $239K | 12x |
Deribit DOGE_USDC-PERPETUAL
Injective DOGE/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- $210.75
- Price spread: +1.119% → +0.181%
- $93.72
- Slippage, 4 orders
- −$70.55
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $226.91
- Costs to cover
- 0.776%
- Break-even
- from the start
Slippage from Deribit: live order book, 27 min ago; Injective: 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 Deribit live order book, 27 min ago | 4.46 bp | 8.0 bp −$8 | doesn't fit | doesn't fit | doesn't fit |
| Sell Injective live order book, 27 min ago | 29.73 bp | 29.7 bp −$30 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget DOGEUSDT | −0.0134% | 8h | 0.09847 | −0.229% | $149.4M | $273.1M | 75x | as long as short |
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.09874 | +0.045% | $378K | $5.0M | 2.8x | as long as short |
| Deribit DOGE_USDC-PERPETUALlong | 0.0000% | 1h | 0.09870 | long leg | $590K | $119K | 25x | |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S 0.0000% | 1h | 0.09866 | −0.040% | $23K | — | 150x | as long as short |
| dYdX DOGE-USD | +0.0031% | 1h | 0.09859 | −0.110% | $221K | $59K | 10x | as long as short |
| Kraken Futures PF_DOGEUSD | +0.0067% | 1h | 0.09865 | −0.047% | $5.8M | $34.0M | 50x | as long as short |
| Lighter DOGE | +0.0096% | 1h | 0.09859 | −0.111% | $741K | $6.0M | 15x | as long as short |
| Katana Perps DOGE-USD | +0.0098% | 8h | 0.09868 | −0.016% | $2K | $429K | 10x | as long as short |
| Nado DOGE-PERP | +0.0100% | 1h | 0.09861 | −0.082% | $484K | $976K | 10x | as long as short |
| Aster DOGEUSDT | +0.0100% | 8h | 0.09861 | −0.083% | $4.6M | $48.0M | 75x | as long as short |
Bitget DOGEUSDT
Kalshi KXDOGEPERP
gTrade (Gains Network) DOGE/USD
dYdX DOGE-USD
Kraken Futures PF_DOGEUSD
Lighter DOGE
Katana Perps DOGE-USD
Nado DOGE-PERP
Aster DOGEUSDTShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica DOGE | +0.0100% | 1h | 0.09860 | −0.098% | $326K | $503K | 20x | as long as short |
| Binance DOGEUSDT | +0.0100% | 8h | 0.09860 | −0.102% | $313.2M | $1.43B | 75x | as long as short |
| Bybit DOGEUSDT | +0.0100% | 8h | 0.09857 | −0.128% | $156.2M | $443.0M | 75x | as long as short |
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.09861 | −0.087% | $109.0M | $968.0M | 50x | as long as short |
| Arcus DOGE-USD | +0.0100% | 1h | 0.09885 | +0.156% | $127K | $182K | 10x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.09990 | +1.218% | $383K | $5K | 10x | as long as short |
| Gate DOGE_USDT | +0.0100% | 8h | 0.09869 | −0.006% | $239.1M | $130.3M | 75x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.09856 | −0.138% | $110.2M | $226.8M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.09864 | −0.057% | $64.7M | $42.7M | 75x | as long as short |
| BingX DOGE-USDC | +0.0100% | 8h | 0.09864 | −0.057% | — | $3.4M | — | as long as short |
| Backpack DOGE_USDC_PERP | +0.0100% | 1h | 0.09882 | +0.126% | $349K | $1.1M | 15x | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.09951 | +0.824% | $969K | $8.2M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.09944 | +0.752% | $274K | $126.7M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.09944 | +0.754% | $635K | $4.5M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.09930 | +0.612% | $145K | $275K | 25x | as long as short |
| Polymarket Perps DOGE-USD | +0.0100% | 1h | 0.09864 | −0.060% | $254K | $641K | 10x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.09869 | −0.006% | $70K | $438K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.09870 | +0.008% | $24K | $1K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.09871 | +0.016% | $35K | $2.2M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.09870 | +0.004% | $2K | $3.7M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.09867 | −0.031% | $5.9M | $54.4M | 75x | as long as short |
| Phemex DOGEUSDT | +0.0100% | 8h | 0.09875 | +0.055% | $91.1M | $17.9M | 50x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.09871 | +0.015% | $523K | $3.9M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.09871 | +0.016% | $19K | — | 3x | as long as short |
| Paradex DOGE-USD-PERP | +0.0115% | 8h | 0.09867 | −0.023% | $18K | $6K | 30x | as long as short |
| Reya DOGERUSDPERP | +0.0184% | 1h | 0.09854 | −0.159% | $2K | — | 20x | as long as short |
| 01 Exchange DOGEUSD | +0.0192% | 1h | 0.09872 | +0.025% | $526 | $4K | 10x | as long as short |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.09978 | +1.098% | $15.4M | $25.6M | 75x | as long as short |
| Coinbase International DOGE-PERP-INTX | +0.0240% | 1h | 0.09869 | −0.006% | $2.0M | $24.7M | 50x | as long as short |
| Phoenix DOGE | +0.0241% | 1h | 0.09873 | +0.032% | $64K | $284K | 10x | as long as short |
| GMX DOGE/USD [ETH-USDC] | L +0.0245% / S −0.0267% | 1h | 0.09868 | −0.013% | $307K | — | 200x | as long as short |
| RISEx DOGE/USDC | +0.0563% | 1h | 0.09878 | +0.080% | $318K | $406K | 10x | as long as short |
| Hyperliquid DOGE | +0.0687% | 1h | 0.09868 | −0.016% | $119.9M | $97.1M | 10x | as long as short |
| Injective DOGE/USDC PERPshort | +0.1004% | 1h | 0.09980 | +1.119% | $5K | $239K | 12x |
Pacifica DOGE
Binance DOGEUSDT
Bybit DOGEUSDT
OKX DOGE-USDT-SWAP
Arcus DOGE-USD
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
Polymarket Perps DOGE-USD
Orderly PERP_DOGE_USDC
Derive DOGE-PERP
SunX DOGE-USDT
SoDEX DOGE-USD
HTX DOGE-USDT
Phemex DOGEUSDT
Extended DOGE-USD
Aevo DOGE-PERP
Paradex DOGE-USD-PERP
Reya DOGERUSDPERP
01 Exchange DOGEUSD
BloFin DOGE-USDT
Coinbase International DOGE-PERP-INTX
Phoenix DOGE
GMX DOGE/USD [ETH-USDC]
RISEx DOGE/USDC
Hyperliquid DOGE