Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.027%
Price spread now: Backpack against HTX−0.151%52s7-day average −0.030% · you buy dearer than you sell
Net, funding: paid 7d − costs−$26as 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−$260.264% of the position
Funding, last 7 days+0.008%+$1 on $10k
+Price spread, last 4 days (all we have)+0.102%+$10 · spread now −0.151%, 7d avg −0.030%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Backpack is 0.121% cheaper against HTX than usual: you would sell low and buy high, −$12 on $10k if it goes back to its 7-day average of −0.030%. The two prices were read 52 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 | HTX DOGE-USDT | 0.09917 | 0.0100 | pay 0.0100% / 8h | 7h 49m | $5.9M | $69.1M | 75x |
| Short | Backpack DOGE_USDC_PERP | 0.09902 | 0.0100 | get 0.0013% / 1h | 49m 14s | $302K | $1.3M | 15x |
HTX DOGE-USDT
Backpack DOGE_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against HTX. 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
- $0
- Price spread: −0.151% → −0.030%
- −$12.08
- Slippage, 4 orders
- −$4.41
- Fee HTX: 6 bp × 2 orders
- −$12
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$38.49
- Costs to cover
- 0.264%
- Break-even
- never at this rate
Slippage from HTX: live order book, 5 min ago; Backpack: live order book, 5 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 HTX live order book, 5 min ago | 0.05 bp | 8.1 bp −$8 | 12.4 bp −$124 | 36.4 bp −$3,635 | doesn't fit |
| Sell Backpack live order book, 5 min ago | 0.50 bp | 5.9 bp −$6 | 25.9 bp −$259 | 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 | −0.0096% | 1h | 0.09913 | −0.044% | $5.5M | $40.8M | 50x | as long as short |
| Bitget DOGEUSDT | −0.0009% | 8h | 0.09903 | −0.141% | $140.7M | $348.0M | 75x | as long as short |
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.09914 | −0.029% | $549K | $6.6M | 2.8x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S 0.0000% | 1h | 0.09909 | −0.083% | $35K | — | 150x | as long as short |
| Injective DOGE/USDC PERP | +0.0033% | 1h | 0.1053 | +6.181% | $6K | $242K | 12x | as long as short |
| Phoenix DOGE | +0.0081% | 1h | 0.09916 | −0.010% | $18K | $386K | 10x | as long as short |
| Deribit DOGE_USDC-PERPETUAL | +0.0093% | 1h | 0.09915 | −0.016% | $560K | $287K | 25x | as long as short |
| Lighter DOGE | +0.0096% | 1h | 0.09918 | +0.009% | $828K | $6.8M | 15x | as long as short |
| Katana Perps DOGE-USD | +0.0100% | 8h | 0.09913 | −0.040% | $1K | $545K | 10x | as long as short |
| Nado DOGE-PERP | +0.0100% | 1h | 0.09910 | −0.071% | $536K | $1.1M | 10x | as long as short |
Kraken Futures PF_DOGEUSD
Bitget DOGEUSDT
Kalshi KXDOGEPERP
gTrade (Gains Network) DOGE/USD
Injective DOGE/USDC PERP
Phoenix DOGE
Deribit DOGE_USDC-PERPETUAL
Lighter DOGE
Katana Perps DOGE-USD
Nado DOGE-PERPShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid DOGE | +0.0100% | 1h | 0.09922 | +0.051% | $123.7M | $117.1M | 10x | as long as short |
| Aster DOGEUSDT | +0.0100% | 8h | 0.09914 | −0.030% | $4.9M | $59.3M | 75x | as long as short |
| Pacifica DOGE | +0.0100% | 1h | 0.09914 | −0.033% | $322K | $490K | 20x | as long as short |
| Binance DOGEUSDT | +0.0100% | 8h | 0.09911 | −0.060% | $328.5M | $1.72B | 75x | as long as short |
| Bybit DOGEUSDT | +0.0100% | 8h | 0.09906 | −0.111% | $164.1M | $522.8M | 75x | as long as short |
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.09911 | −0.061% | $115.4M | $1.20B | 50x | as long as short |
| Arcus DOGE-USD | +0.0100% | 1h | 0.09918 | +0.010% | $16K | $306K | 10x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.09885 | −0.323% | $377K | $16K | 10x | as long as short |
| Gate DOGE_USDT | +0.0100% | 8h | 0.09910 | −0.071% | $250.8M | $152.9M | 75x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.09916 | −0.010% | $117.7M | $258.1M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.09918 | +0.010% | $66.2M | $50.0M | 75x | as long as short |
| BingX DOGE-USDT | +0.0100% | 8h | 0.09911 | −0.061% | — | $53.6M | — | as long as short |
| Backpack DOGE_USDC_PERPshort | +0.0100% | 1h | 0.09902 | −0.151% | $302K | $1.3M | 15x | |
| Variational Omni DOGE | +0.0100% | 8h | 0.09918 | +0.009% | $1.1M | $8.5M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.09900 | −0.170% | $300K | $139.3M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.09908 | −0.088% | $627K | $4.4M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.09910 | −0.071% | $142K | $346K | 25x | as long as short |
| Polymarket Perps DOGE-USD | +0.0100% | 1h | 0.09915 | −0.015% | $258K | $1.2M | 10x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.09909 | −0.081% | $71K | $469K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.09903 | −0.139% | $18K | $7K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.09916 | −0.010% | $35K | $2.3M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.09913 | −0.040% | $2K | $5.5M | 10x | as long as short |
| HTX DOGE-USDTlong | +0.0100% | 8h | 0.09917 | long leg | $5.9M | $69.1M | 75x | |
| Phemex DOGEUSDT | +0.0100% | 8h | 0.09910 | −0.071% | $90.6M | $16.6M | 50x | as long as short |
| Paradex DOGE-USD-PERP | +0.0100% | 8h | 0.09915 | −0.021% | $18K | $5K | 30x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.09908 | −0.091% | $481K | $4.1M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.09910 | −0.070% | $19K | — | 3x | as long as short |
| dYdX DOGE-USD | +0.0166% | 1h | 0.09916 | −0.008% | $223K | $64K | 10x | as long as short |
| Reya DOGERUSDPERP | +0.0201% | 1h | 0.09909 | −0.082% | $2K | — | 20x | as long as short |
| Coinbase International DOGE-PERP-INTX | +0.0208% | 1h | 0.09919 | +0.020% | $1.9M | $35.0M | 50x | as long as short |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.09913 | −0.040% | $15.5M | $26.8M | 75x | as long as short |
| 01 Exchange DOGEUSD | +0.0240% | 1h | 0.09921 | +0.041% | $441 | $4K | 10x | as long as short |
| GMX DOGE/USD [ETH-USDC] | L +0.0286% / S −0.0375% | 1h | 0.09909 | −0.081% | $413K | — | 200x | as long as short |
| RISEx DOGE/USDC | +0.0717% | 1h | 0.09923 | +0.060% | $399K | $455K | 10x | as long as short |
Hyperliquid DOGE
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
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
Phemex DOGEUSDT
Paradex DOGE-USD-PERP
Extended DOGE-USD
Aevo DOGE-PERP
dYdX DOGE-USD
Reya DOGERUSDPERP
Coinbase International DOGE-PERP-INTX
BloFin DOGE-USDT
01 Exchange DOGEUSD
GMX DOGE/USD [ETH-USDC]
RISEx DOGE/USDC