Funding you earn now, next payment 08:00 UTC−0.0207%/8h= −22.7% APRnext payment −$0.26 per $10,000 · paid last 24h +0.013%
Price spread now: Polymarket Perps against Deribit−0.147%7-day average −0.028% · you buy dearer than you sell
Net, funding: paid 7d − costs−$52as in the Funding arb table
Net, price: spread back to 7d avg − costs−$46as in the Price arb table
costs, in and out, $10k−$340.341% of the position
Funding, last 7 days−0.174%−$17 on $10k
+Price spread, last 4 days (all we have)+0.114%+$11 · spread now −0.147%, 7d avg −0.028%
=Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Polymarket Perps is 0.120% cheaper against Deribit than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of −0.028%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit DOGE_USDC-PERPETUAL | 0.09918 | 0.0234 | pay 0.0029% / 1h | 17m 01s | $570K | $258K | 25x |
| Short | Polymarket Perps DOGE-USD | 0.09903 | 0.0027 | get 0.0003% / 1h | 17m 01s | $257K | $1.2M | 10x |
Deribit DOGE_USDC-PERPETUAL
Polymarket Perps DOGE-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket Perps 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
- −$43.51
- Price spread: −0.147% → −0.028%
- −$11.96
- Slippage, 4 orders
- −$19.1
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$89.57
- Costs to cover
- 0.341%
- Break-even
- never at this rate
Slippage from Deribit: live order book, 22 min ago; Polymarket Perps: live order book, 1 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, 22 min ago | 4.54 bp | 10.0 bp −$10 | 16.9 bp −$169 | doesn't fit | doesn't fit |
| Sell Polymarket Perps live order book, 1 min ago | 3.03 bp | 7.0 bp −$7 | 7.1 bp −$71 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_DOGEUSD | −0.0060% | 1h | 0.09919 | +0.013% | $5.6M | $40.9M | 50x | as long as short |
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.09918 | −0.002% | $580K | $6.6M | 2.8x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S 0.0000% | 1h | 0.09912 | −0.057% | $35K | — | 150x | as long as short |
| dYdX DOGE-USD | +0.0003% | 1h | 0.09910 | −0.083% | $223K | $63K | 10x | as long as short |
| Bitget DOGEUSDT | +0.0005% | 8h | 0.09911 | −0.071% | $140.5M | $347.9M | 75x | as long as short |
| Polymarket Perps DOGE-USDshort | +0.0027% | 1h | 0.09903 | −0.147% | $257K | $1.2M | 10x | |
| Injective DOGE/USDC PERP | +0.0033% | 1h | 0.1053 | +6.171% | $6K | $242K | 12x | as long as short |
| Lighter DOGE | +0.0096% | 1h | 0.09924 | +0.057% | $828K | $6.9M | 15x | as long as short |
| Nado DOGE-PERP | +0.0100% | 1h | 0.09909 | −0.096% | $536K | $1.1M | 10x | as long as short |
| Hyperliquid DOGE | +0.0100% | 1h | 0.09926 | +0.080% | $123.6M | $117.3M | 10x | as long as short |
Kraken Futures PF_DOGEUSD
Kalshi KXDOGEPERP
gTrade (Gains Network) DOGE/USD
dYdX DOGE-USD
Bitget DOGEUSDT
Injective DOGE/USDC PERP
Lighter DOGE
Nado DOGE-PERP
Hyperliquid DOGEShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster DOGEUSDT | +0.0100% | 8h | 0.09919 | +0.006% | $5.0M | $59.8M | 75x | as long as short |
| Pacifica DOGE | +0.0100% | 1h | 0.09920 | +0.015% | $322K | $509K | 20x | as long as short |
| Binance DOGEUSDT | +0.0100% | 8h | 0.09920 | +0.019% | $327.8M | $1.73B | 75x | as long as short |
| Bybit DOGEUSDT | +0.0100% | 8h | 0.09912 | −0.060% | $163.9M | $526.2M | 75x | as long as short |
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.09918 | 0.000% | $115.3M | $1.20B | 50x | as long as short |
| Arcus DOGE-USD | +0.0100% | 1h | 0.09916 | −0.020% | $16K | $311K | 10x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.09918 | +0.004% | $379K | $16K | 10x | as long as short |
| Gate DOGE_USDT | +0.0100% | 8h | 0.09915 | −0.030% | $249.2M | $158.3M | 75x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.09919 | +0.010% | $117.0M | $259.2M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.09915 | −0.030% | $66.2M | $50.0M | 75x | as long as short |
| BingX DOGE-USDT | +0.0100% | 8h | 0.09918 | 0.000% | — | $57.9M | — | as long as short |
| Backpack DOGE_USDC_PERP | +0.0100% | 1h | 0.09920 | +0.020% | $302K | $1.3M | 15x | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.09880 | −0.385% | $1.0M | $8.7M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.09912 | −0.063% | $301K | $139.9M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.09916 | −0.020% | $628K | $4.5M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.09920 | +0.020% | $142K | $346K | 25x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.09913 | −0.050% | $71K | $473K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.09911 | −0.068% | $18K | $7K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.09920 | +0.024% | $35K | $2.3M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.09915 | −0.030% | $2K | $5.5M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.09917 | −0.007% | $5.9M | $69.1M | 75x | as long as short |
| Phemex DOGEUSDT | +0.0100% | 8h | 0.09916 | −0.020% | $90.7M | $16.8M | 50x | as long as short |
| Paradex DOGE-USD-PERP | +0.0100% | 8h | 0.09914 | −0.040% | $18K | $5K | 30x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.09909 | −0.086% | $485K | $4.1M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.09914 | −0.042% | $19K | — | 3x | as long as short |
| Katana Perps DOGE-USD | +0.0106% | 8h | 0.09911 | −0.071% | $828 | $542K | 10x | as long as short |
| Phoenix DOGE | +0.0160% | 1h | 0.09902 | −0.166% | $18K | $382K | 10x | as long as short |
| Reya DOGERUSDPERP | +0.0200% | 1h | 0.09907 | −0.108% | $2K | — | 20x | as long as short |
| Coinbase International DOGE-PERP-INTX | +0.0216% | 1h | 0.09913 | −0.050% | $1.9M | $35.0M | 50x | as long as short |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.09920 | +0.020% | $15.5M | $26.9M | 75x | as long as short |
| Deribit DOGE_USDC-PERPETUALlong | +0.0234% | 1h | 0.09918 | long leg | $570K | $258K | 25x | |
| GMX DOGE/USD [ETH-USDC] | L +0.0235% / S −0.0235% | 1h | 0.09911 | −0.068% | $282K | — | 200x | as long as short |
| 01 Exchange DOGEUSD | +0.0240% | 1h | 0.09921 | +0.032% | $441 | $4K | 10x | as long as short |
| RISEx DOGE/USDC | +0.0731% | 1h | 0.09921 | +0.035% | $404K | $458K | 10x | as long as short |
Aster DOGEUSDT
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-USDT
Backpack DOGE_USDC_PERP
Variational Omni DOGE
edgeX DOGEUSDC
GRVT DOGE_USDT_Perp
ApeX Omni DOGEUSDT
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
Phoenix DOGE
Reya DOGERUSDPERP
Coinbase International DOGE-PERP-INTX
BloFin DOGE-USDT
GMX DOGE/USD [ETH-USDC]
01 Exchange DOGEUSD
RISEx DOGE/USDC