Funding you earn now, next payment 02:00 UTC−0.0904%/8h= −98.9% APRpaid last 24h −0.202%
Price spread now: Bybit against Injective−0.270%88s7-day average −0.207% · you buy dearer than you sell
Net, funding: paid 7d − costs−$232as 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−$740.742% of the position
Funding, last 7 days−1.580%−$158 on $10k
+Price spread, last 3 days (all we have)+0.222%+$22 · spread now −0.270%, 7d avg −0.207%
=Both sides work against this trade now: funding costs −$27 a day on $10k at the current rate, and Bybit is 0.063% cheaper against Injective than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.207%). Swap the legs. The two prices were read 88 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 | Injective DOGE/USDC PERP | 0.1001 | 0.1004 | pay 0.0125% / 1h | 47m 43s | $5K | $239K | 12x |
| Short | Bybit DOGEUSDT | 0.09983 | 0.0100 | get 0.0100% / 8h | 6h 47m | $158.3M | $442.0M | 75x |
Injective DOGE/USDC PERP
Bybit DOGEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Injective. 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
- −$189.75
- Price spread: −0.270% → −0.207%
- −$6.26
- Slippage, 4 orders
- −$63.23
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$270.27
- Costs to cover
- 0.742%
- Break-even
- never at this rate
Slippage from Injective: live order book, 21 min ago; Bybit: 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 Injective live order book, 21 min ago | 29.73 bp | 29.7 bp −$30 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 1 min ago | 0.50 bp | 6.9 bp −$7 | 10.3 bp −$103 | 24.4 bp −$2,437 | 48.2 bp −$24.1K |
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 | −0.0142% | 8h | 0.09977 | −0.330% | $151.3M | $272.9M | 75x | as long as short |
| dYdX DOGE-USD | 0.0000% | 1h | 0.09971 | −0.389% | $224K | $59K | 10x | as long as short |
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.09991 | −0.186% | $412K | $4.9M | 2.8x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S 0.0000% | 1h | 0.09975 | −0.345% | $23K | — | 150x | as long as short |
| Kraken Futures PF_DOGEUSD | +0.0066% | 1h | 0.09993 | −0.174% | $5.8M | $34.0M | 50x | as long as short |
| Lighter DOGE | +0.0096% | 1h | 0.09982 | −0.280% | $763K | $5.9M | 15x | as long as short |
| Katana Perps DOGE-USD | +0.0098% | 8h | 0.09980 | −0.300% | $834 | $427K | 10x | as long as short |
| Nado DOGE-PERP | +0.0100% | 1h | 0.09984 | −0.260% | $490K | $977K | 10x | as long as short |
| Aster DOGEUSDT | +0.0100% | 8h | 0.09993 | −0.174% | $4.7M | $47.8M | 75x | as long as short |
| Pacifica DOGE | +0.0100% | 1h | 0.09999 | −0.110% | $330K | $503K | 20x | as long as short |
Bitget DOGEUSDT
dYdX DOGE-USD
Kalshi KXDOGEPERP
gTrade (Gains Network) DOGE/USD
Kraken Futures PF_DOGEUSD
Lighter DOGE
Katana Perps DOGE-USD
Nado DOGE-PERP
Aster DOGEUSDT
Pacifica DOGEShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance DOGEUSDT | +0.0100% | 8h | 0.09986 | −0.240% | $317.5M | $1.42B | 75x | as long as short |
| Bybit DOGEUSDTshort | +0.0100% | 8h | 0.09983 | −0.270% | $158.3M | $442.0M | 75x | |
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.09985 | −0.250% | $109.6M | $974.8M | 50x | as long as short |
| Arcus DOGE-USD | +0.0100% | 1h | 0.1000 | −0.090% | $128K | $181K | 10x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.09960 | −0.500% | $382K | $5K | 10x | as long as short |
| Gate DOGE_USDT | +0.0100% | 8h | 0.09982 | −0.280% | $241.6M | $129.7M | 75x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.09984 | −0.260% | $111.6M | $225.7M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.09994 | −0.160% | $65.5M | $42.7M | 75x | as long as short |
| BingX DOGE-USDC | +0.0100% | 8h | 0.09986 | −0.240% | — | $3.4M | — | as long as short |
| Backpack DOGE_USDC_PERP | +0.0100% | 1h | 0.09996 | −0.140% | $353K | $1.1M | 15x | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.09952 | −0.580% | $953K | $8.2M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.09925 | −0.850% | $267K | $126.4M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.09945 | −0.649% | $634K | $4.5M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.09950 | −0.599% | $146K | $272K | 25x | as long as short |
| Polymarket Perps DOGE-USD | +0.0100% | 1h | 0.09982 | −0.275% | $257K | $640K | 10x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.09989 | −0.210% | $70K | $438K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.09990 | −0.203% | $25K | $1K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.09984 | −0.258% | $35K | $2.2M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.09991 | −0.190% | $2K | $3.7M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.09975 | −0.355% | $6.0M | $54.2M | 75x | as long as short |
| Phemex DOGEUSDT | +0.0100% | 8h | 0.09995 | −0.150% | $92.2M | $17.9M | 50x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.09987 | −0.230% | $529K | $3.9M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.09990 | −0.201% | $19K | — | 3x | as long as short |
| Paradex DOGE-USD-PERP | +0.0118% | 8h | 0.09988 | −0.222% | $18K | $7K | 30x | as long as short |
| Deribit DOGE_USDC-PERPETUAL | +0.0160% | 1h | 0.09992 | −0.178% | $597K | $119K | 25x | as long as short |
| Reya DOGERUSDPERP | +0.0183% | 1h | 0.09970 | −0.396% | $2K | — | 20x | as long as short |
| 01 Exchange DOGEUSD | +0.0192% | 1h | 0.09989 | −0.212% | $532 | $4K | 10x | as long as short |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.09978 | −0.320% | $15.4M | $25.6M | 75x | as long as short |
| Coinbase International DOGE-PERP-INTX | +0.0240% | 1h | 0.09995 | −0.150% | $2.0M | $25.0M | 50x | as long as short |
| Phoenix DOGE | +0.0241% | 1h | 0.09980 | −0.301% | $65K | $284K | 10x | as long as short |
| GMX DOGE/USD [ETH-USDC] | L +0.0246% / S −0.0268% | 1h | 0.09976 | −0.344% | $312K | — | 200x | as long as short |
| RISEx DOGE/USDC | +0.0563% | 1h | 0.09992 | −0.175% | $321K | $406K | 10x | as long as short |
| Hyperliquid DOGE | +0.0706% | 1h | 0.09997 | −0.129% | $121.5M | $97.0M | 10x | as long as short |
| Injective DOGE/USDC PERPlong | +0.1004% | 1h | 0.1001 | long leg | $5K | $239K | 12x |
Binance 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
Deribit DOGE_USDC-PERPETUAL
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