Funding you earn now, next payment 23:00 UTC−0.0028%/8h= −3.1% APRpaid last 24h +0.033%
Price spread now: OKX against Deribit+0.174%46s7-day average −0.021% · you sell dearer than you buy
Net, funding: paid 7d − costs−$11as 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−$270.266% of the position
Funding, last 7 days+0.154%+$15 on $10k
+Price spread, last 3 days (all we have)−0.180%−$18 · spread now +0.174%, 7d avg −0.021%
=The price spread pays, funding is against you. OKX is 0.195% dearer against Deribit than usual: you sell high and buy low (spread +0.174% now, against its 7-day average of −0.021%): +$20 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 23 days. Mind the row above: over the last 7 days funding on this pair paid +0.154%, so the current rate has only just turned against you. The two prices were read 46 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 | 0.1004 | 0.0128 | pay 0.0016% / 1h | 45m 37s | $628K | $105K | 25x |
| Short | OKX DOGE-USDT-SWAP | 0.1006 | 0.0100 | get 0.0100% / 8h | 1h 45m | $109.7M | $911.9M | 50x |
Deribit DOGE_USDC-PERPETUAL
OKX DOGE-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- −$5.88
- Price spread: +0.174% → −0.021%
- $19.51
- Slippage, 4 orders
- −$9.63
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$13
- Costs to cover
- 0.266%
- Break-even
- never at this rate
Slippage from Deribit: live order book, 38 min ago; OKX: live order book, 4 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, 38 min ago | 3.01 bp | 8.5 bp −$9 | doesn't fit | doesn't fit | doesn't fit |
| Sell OKX live order book, 4 min ago | 0.50 bp | 5.5 bp −$5 | 6.1 bp −$61 | 14.9 bp −$1,488 | 44.9 bp −$22.4K |
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 | −0.0273% | 8h | 0.1005 | +0.055% | $153.7M | $262.1M | 75x | as long as short |
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.1004 | −0.058% | $378K | $4.4M | 2.8x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S −0.0001% | 1h | 0.1003 | −0.117% | $32K | — | 150x | as long as short |
| dYdX DOGE-USD | +0.0016% | 1h | 0.1005 | +0.039% | $226K | $44K | 10x | as long as short |
| Phoenix DOGE | +0.0081% | 1h | 0.1005 | +0.034% | $15K | $222K | 10x | as long as short |
| Gate DOGE_USDT | +0.0094% | 8h | 0.1006 | +0.115% | $242.0M | $121.1M | 75x | as long as short |
| Lighter DOGE | +0.0096% | 1h | 0.1006 | +0.160% | $787K | $5.3M | 15x | as long as short |
| Katana Perps DOGE-USD | +0.0096% | 8h | 0.1006 | +0.184% | $1K | $355K | 10x | as long as short |
| Nado DOGE-PERP | +0.0100% | 1h | 0.1006 | +0.139% | $703K | $770K | 10x | as long as short |
| Aster DOGEUSDT | +0.0100% | 8h | 0.1006 | +0.165% | $5.0M | $41.5M | 75x | as long as short |
Bitget DOGEUSDT
Kalshi KXDOGEPERP
gTrade (Gains Network) DOGE/USD
dYdX DOGE-USD
Phoenix DOGE
Gate DOGE_USDT
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 | 0.1006 | +0.159% | $337K | $497K | 20x | as long as short |
| Binance DOGEUSDT | +0.0100% | 8h | 0.1007 | +0.224% | $320.4M | $1.28B | 75x | as long as short |
| Bybit DOGEUSDT | +0.0100% | 8h | 0.1006 | +0.154% | $162.3M | $405.2M | 75x | as long as short |
| OKX DOGE-USDT-SWAPshort | +0.0100% | 8h | 0.1006 | +0.174% | $109.7M | $911.9M | 50x | |
| Arcus DOGE-USD | +0.0100% | 1h | 0.1007 | +0.244% | $28K | $76K | 10x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.1003 | −0.134% | $384K | $14K | 10x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.1006 | +0.174% | $109.7M | $214.4M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.1006 | +0.164% | $66.0M | $39.4M | 75x | as long as short |
| BingX DOGE-USDT | +0.0100% | 8h | 0.1006 | +0.174% | — | $73.8M | — | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.1002 | −0.237% | $933K | $7.8M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.1005 | +0.040% | $279K | $113.2M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.1004 | −0.074% | $632K | $4.6M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.1005 | +0.065% | $146K | $239K | 25x | as long as short |
| Polymarket Perps DOGE-USD | +0.0100% | 1h | 0.1006 | +0.124% | $273K | $532K | 10x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.1004 | −0.035% | $72K | $417K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.1004 | −0.059% | $25K | $1K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.1004 | −0.062% | $36K | $2.2M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.1004 | −0.005% | $2K | $3.5M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.1004 | −0.063% | $6.0M | $48.7M | 75x | as long as short |
| Phemex DOGEUSDT | +0.0100% | 8h | 0.1004 | −0.015% | $93.1M | $19.1M | 50x | as long as short |
| Paradex DOGE-USD-PERP | +0.0100% | 8h | 0.1006 | +0.180% | $18K | $5K | 30x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.1006 | +0.161% | $559K | $3.6M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.1004 | −0.010% | $19K | — | 3x | as long as short |
| Deribit DOGE_USDC-PERPETUALlong | +0.0128% | 1h | 0.1004 | long leg | $628K | $105K | 25x | |
| Reya DOGERUSDPERP | +0.0176% | 1h | 0.1006 | +0.150% | $2K | — | 20x | as long as short |
| 01 Exchange DOGEUSD | +0.0184% | 1h | 0.1007 | +0.249% | $532 | $4K | 10x | as long as short |
| Coinbase International DOGE-PERP-INTX | +0.0216% | 1h | 0.1004 | −0.045% | $2.0M | $22.9M | 50x | as long as short |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.1003 | −0.105% | $15.2M | $24.2M | 75x | as long as short |
| GMX DOGE/USD [ETH-USDC] | L +0.0245% / S −0.0267% | 1h | 0.1003 | −0.102% | $311K | — | 200x | as long as short |
| Kraken Futures PF_DOGEUSD | +0.0363% | 1h | 0.1004 | −0.019% | $6.0M | $32.0M | 50x | as long as short |
| Backpack DOGE_USDC_PERP | +0.0368% | 1h | 0.1004 | +0.005% | $530K | $934K | 15x | as long as short |
| Hyperliquid DOGE | +0.0416% | 1h | 0.1006 | +0.173% | $110.7M | $81.1M | 10x | as long as short |
| RISEx DOGE/USDC | +0.0702% | 1h | 0.1007 | +0.258% | $316K | $473K | 10x | as long as short |
| Injective DOGE/USDC PERP | +0.0966% | 1h | 0.1008 | +0.363% | $5K | $207K | 12x | as long as short |
Pacifica DOGE
Binance DOGEUSDT
Bybit DOGEUSDT
Arcus DOGE-USD
Bulk DOGE-USD
MEXC DOGE_USDT
KuCoin DOGEUSDTM
BingX DOGE-USDT
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
01 Exchange DOGEUSD
Coinbase International DOGE-PERP-INTX
BloFin DOGE-USDT
GMX DOGE/USD [ETH-USDC]
Kraken Futures PF_DOGEUSD
Backpack DOGE_USDC_PERP
Hyperliquid DOGE
RISEx DOGE/USDC
Injective DOGE/USDC PERP