Funding you earn now, next payment 11:00 UTC−0.0331%/8h= −36.2% APRnext payment −$0.41 per $10,000 · paid last 24h +0.038%
Price spread now: Arcus against dYdX0.000%63s7-day average +0.020% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1231.235% of the position
Funding, last 4 days (all we have)+0.038%+$4 on $10k
+Price spread, last 4 days (all we have)−0.045%−$4 · spread now 0.000%, 7d avg +0.020%
=Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and Arcus is 0.021% cheaper against dYdX than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.020%). Swap the legs. The two prices were read 63 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.038% in total (about 3.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.41 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | dYdX DOGE-USD | 0.09835 | 0.0431 | pay 0.0054% / 1h | 49m 36s | $231K | $75K | 10x |
| Short | Arcus DOGE-USD | 0.09835 | 0.0100 | get 0.0013% / 1h | 49m 36s | $16K | $308K | 10x |
dYdX DOGE-USD
Arcus DOGE-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Arcus against dYdX. 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
- −$69.44
- Price spread: 0.000% → +0.020%
- −$2.05
- Slippage, 4 orders
- −$108.99
- Fee dYdX: 5 bp × 2 orders
- −$10
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Net
- −$194.98
- Costs to cover
- 1.235%
- Break-even
- never at this rate
Slippage from dYdX: live order book, 62 min ago; Arcus: live order book, 62 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 dYdX live order book, 62 min ago | 43.38 bp | 57.1 bp −$57 | 105.5 bp −$1,055 | 118.0 bp −$11.8K | 277.6 bp −$138.8K |
| Sell Arcus live order book, 62 min ago | 2.54 bp | 7.6 bp −$8 | 20.9 bp −$209 | doesn't fit | doesn't fit |
DOGE on 43 exchanges
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 | −0.0140% | 1h | 0.09832 | −0.035% | $5.3M | $39.5M | 50x | as long as short |
| Bitget DOGEUSDT | −0.0040% | 8h | 0.09824 | −0.112% | $139.1M | $305.2M | 75x | as long as short |
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.09832 | −0.033% | $524K | $6.2M | 2.8x | as long as short |
| Deribit DOGE_USDC-PERPETUAL | 0.0000% | 1h | 0.09834 | −0.016% | $550K | $292K | 25x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S 0.0000% | 1h | 0.09843 | +0.077% | $33K | — | 150x | as long as short |
| Bybit DOGEUSDT | +0.0016% | 8h | 0.09827 | −0.082% | $165.6M | $493.0M | 75x | as long as short |
| Gate DOGE_USDT | +0.0032% | 8h | 0.09829 | −0.061% | $252.7M | $144.0M | 75x | as long as short |
| Injective DOGE/USDC PERP | +0.0033% | 1h | 0.1053 | +7.066% | $6K | $240K | 12x | as long as short |
| Phoenix DOGE | +0.0081% | 1h | 0.09850 | +0.150% | $18K | $311K | 10x | as long as short |
| Lighter DOGE | +0.0096% | 1h | 0.09839 | +0.039% | $818K | $6.4M | 15x | as long as short |
Kraken Futures PF_DOGEUSD
Bitget DOGEUSDT
Kalshi KXDOGEPERP
Deribit DOGE_USDC-PERPETUAL
gTrade (Gains Network) DOGE/USD
Bybit DOGEUSDT
Gate DOGE_USDT
Injective DOGE/USDC PERP
Phoenix DOGE
Lighter DOGEShow all 43 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Katana Perps DOGE-USD | +0.0100% | 8h | 0.09831 | −0.041% | $941 | $539K | 10x | as long as short |
| Nado DOGE-PERP | +0.0100% | 1h | 0.09837 | +0.020% | $509K | $1.1M | 10x | as long as short |
| Aster DOGEUSDT | +0.0100% | 8h | 0.09830 | −0.047% | $4.9M | $57.1M | 75x | as long as short |
| Pacifica DOGE | +0.0100% | 1h | 0.09832 | −0.031% | $313K | $436K | 20x | as long as short |
| Binance DOGEUSDT | +0.0100% | 8h | 0.09832 | −0.031% | $325.2M | $1.59B | 75x | as long as short |
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.09833 | −0.021% | $117.8M | $1.10B | 50x | as long as short |
| Arcus DOGE-USDshort | +0.0100% | 1h | 0.09835 | 0.000% | $16K | $308K | 10x | |
| Bulk DOGE-USD | +0.0100% | 1h | 0.09860 | +0.254% | $376K | $2K | 10x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.09832 | −0.031% | $113.4M | $247.7M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.09832 | −0.031% | $65.0M | $45.6M | 75x | as long as short |
| BingX DOGE-USDT | +0.0100% | 8h | 0.09829 | −0.061% | — | $45.9M | — | as long as short |
| Backpack DOGE_USDC_PERP | +0.0100% | 1h | 0.09834 | −0.011% | $306K | $1.2M | 15x | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.09820 | −0.153% | $1.3M | $7.8M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.09825 | −0.107% | $264K | $132.0M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.09845 | +0.102% | $620K | $3.8M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.09850 | +0.152% | $139K | $344K | 25x | as long as short |
| Polymarket Perps DOGE-USD | +0.0100% | 1h | 0.09836 | +0.012% | $239K | $1.2M | 10x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.09831 | −0.041% | $68K | $414K | 50x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.09842 | +0.069% | $34K | $1.9M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.09832 | −0.031% | $2K | $5.3M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.09838 | +0.026% | $5.9M | $64.8M | 75x | as long as short |
| Phemex DOGEUSDT | +0.0100% | 8h | 0.09833 | −0.021% | $89.8M | $15.6M | 50x | as long as short |
| Paradex DOGE-USD-PERP | +0.0100% | 8h | 0.09829 | −0.062% | $18K | $5K | 30x | as long as short |
| Hyperliquid DOGE | +0.0103% | 1h | 0.09839 | +0.036% | $122.1M | $108.0M | 10x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.09825 | −0.099% | $483K | $3.6M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.09830 | −0.055% | $19K | — | 3x | as long as short |
| 01 Exchange DOGEUSD | +0.0136% | 1h | 0.09834 | −0.014% | $453 | $4K | 10x | as long as short |
| Reya DOGERUSDPERP | +0.0206% | 1h | 0.09823 | −0.122% | $2K | — | 20x | as long as short |
| GMX DOGE/USD [ETH-USDC] | L +0.0211% / S −0.0184% | 1h | 0.09831 | −0.043% | $285K | — | 200x | as long as short |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.09824 | −0.112% | $15.4M | $25.7M | 75x | as long as short |
| Coinbase International DOGE-PERP-INTX | +0.0264% | 1h | 0.09844 | +0.091% | $2.2M | $32.9M | 50x | as long as short |
| dYdX DOGE-USDlong | +0.0431% | 1h | 0.09835 | long leg | $231K | $75K | 10x | |
| RISEx DOGE/USDC | +0.0587% | 1h | 0.09837 | +0.015% | $408K | $402K | 10x | as long as short |
Katana Perps DOGE-USD
Nado DOGE-PERP
Aster DOGEUSDT
Pacifica DOGE
Binance DOGEUSDT
OKX DOGE-USDT-SWAP
Bulk 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
SunX DOGE-USDT
SoDEX DOGE-USD
HTX DOGE-USDT
Phemex DOGEUSDT
Paradex DOGE-USD-PERP
Hyperliquid DOGE
Extended DOGE-USD
Aevo DOGE-PERP
01 Exchange DOGEUSD
Reya DOGERUSDPERP
GMX DOGE/USD [ETH-USDC]
BloFin DOGE-USDT
Coinbase International DOGE-PERP-INTX
RISEx DOGE/USDC