Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.027%
Price spread now: Backpack against Nado−0.174%7-day average +0.009% · 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−$48as in the Price arb table
costs, in and out, $10k−$290.293% of the position
Funding, last 3 days (all we have)+0.013%+$1 on $10k
+Price spread, last 4 days (all we have)−0.027%−$3 · spread now −0.174%, 7d avg +0.009%
=Together, before fees−0.015%+ Points / potential airdropNado: Active · farm board−$1 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Backpack is 0.183% cheaper against Nado than usual: you would sell low and buy high, −$18 on $10k if it goes back to its 7-day average of +0.009%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Nado DOGE-PERP | 0.1032 | 0.0100 | pay 0.0012% / 1h | 27m 52s | $559K | $1.1M | 10x |
| Short | Backpack DOGE_USDC_PERP | 0.1030 | 0.0100 | get 0.0013% / 1h | 27m 52s | $347K | $1.2M | 15x |
Nado DOGE-PERP
Backpack DOGE_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Nado. 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: −0.174% → +0.009%
- −$18.34
- Slippage, 4 orders
- −$12.3
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$47.64
- Costs to cover
- 0.293%
- Break-even
- 477522601123811.6 days
Slippage from Nado: live order book, 1 min ago; Backpack: 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 Nado live order book, 1 min ago | 0.97 bp | 9.3 bp −$9 | 25.8 bp −$258 | doesn't fit | doesn't fit |
| Sell Backpack live order book, 1 min ago | 0.48 bp | 5.5 bp −$5 | 391.7 bp −$3,917 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.1033 | +0.142% | $709K | $6.2M | 2.8x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S 0.0000% | 1h | 0.1032 | −0.009% | $24K | — | 150x | as long as short |
| dYdX DOGE-USD | +0.0016% | 1h | 0.1031 | −0.029% | $232K | $70K | 10x | as long as short |
| Deribit DOGE_USDC-PERPETUAL | +0.0031% | 1h | 0.1031 | −0.041% | $585K | $246K | 25x | as long as short |
| Bitget DOGEUSDT | +0.0048% | 8h | 0.1032 | +0.029% | $134.9M | $315.1M | 75x | as long as short |
| Lighter DOGE | +0.0096% | 1h | 0.1032 | +0.074% | $733K | $6.4M | 15x | as long as short |
| Nado DOGE-PERPlong | +0.0100% | 1h | 0.1032 | long leg | $559K | $1.1M | 10x | |
| Aster DOGEUSDT | +0.0100% | 8h | 0.1031 | −0.078% | $4.9M | $54.2M | 75x | as long as short |
| Pacifica DOGE | +0.0100% | 1h | 0.1034 | +0.233% | $331K | $518K | 20x | as long as short |
| Binance DOGEUSDT | +0.0100% | 8h | 0.1032 | −0.008% | $343.5M | $1.60B | 75x | as long as short |
Kalshi KXDOGEPERP
gTrade (Gains Network) DOGE/USD
dYdX DOGE-USD
Deribit DOGE_USDC-PERPETUAL
Bitget DOGEUSDT
Lighter DOGE
Aster DOGEUSDT
Pacifica DOGE
Binance DOGEUSDTShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit DOGEUSDT | +0.0100% | 8h | 0.1031 | −0.048% | $170.5M | $494.3M | 75x | as long as short |
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.1032 | +0.058% | $117.1M | $1.15B | 50x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.1046 | +1.412% | $402K | $16K | 10x | as long as short |
| Gate DOGE_USDT | +0.0100% | 8h | 0.1031 | −0.116% | $254.9M | $144.6M | 75x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.1031 | −0.107% | $115.7M | $243.2M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.1031 | −0.107% | $67.7M | $48.0M | 75x | as long as short |
| BingX DOGE-USDC | +0.0100% | 8h | 0.1030 | −0.174% | — | $3.5M | — | as long as short |
| Backpack DOGE_USDC_PERPshort | +0.0100% | 1h | 0.1030 | −0.174% | $347K | $1.2M | 15x | |
| Variational Omni DOGE | +0.0100% | 8h | 0.1038 | +0.579% | $1.2M | $8.4M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.1040 | +0.764% | $332K | $135.4M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.1038 | +0.659% | $656K | $4.5M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.1039 | +0.708% | $155K | $327K | 25x | as long as short |
| Polymarket Perps DOGE-USD | +0.0100% | 1h | 0.1033 | +0.126% | $259K | $968K | 10x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.1032 | +0.010% | $72K | $457K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.1031 | −0.024% | $25K | $1K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.1032 | +0.072% | $36K | $2.3M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.1031 | −0.048% | $2K | $5.0M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.1031 | −0.114% | $6.0M | $65.0M | 75x | as long as short |
| Phemex DOGEUSDT | +0.0100% | 8h | 0.1031 | −0.039% | $94.8M | $17.2M | 50x | as long as short |
| Paradex DOGE-USD-PERP | +0.0101% | 8h | 0.1033 | +0.146% | $19K | $7K | 30x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.1031 | −0.111% | $497K | $4.1M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.1031 | −0.053% | $20K | — | 3x | as long as short |
| Katana Perps DOGE-USD | +0.0124% | 8h | 0.1034 | +0.242% | $931 | $495K | 10x | as long as short |
| Reya DOGERUSDPERP | +0.0192% | 1h | 0.1031 | −0.039% | $2K | — | 20x | as long as short |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.1037 | +0.514% | $16.7M | $27.4M | 75x | as long as short |
| Phoenix DOGE | +0.0235% | 1h | 0.1047 | +1.441% | $19K | $292K | 10x | as long as short |
| Kraken Futures PF_DOGEUSD | +0.0244% | 1h | 0.1031 | −0.084% | $5.5M | $38.6M | 50x | as long as short |
| GMX DOGE/USD [ETH-USDC] | L +0.0259% / S −0.0320% | 1h | 0.1032 | −0.009% | $340K | — | 200x | as long as short |
| 01 Exchange DOGEUSD | +0.0264% | 1h | 0.1035 | +0.322% | $460 | $4K | 10x | as long as short |
| Coinbase International DOGE-PERP-INTX | +0.0304% | 1h | 0.1032 | +0.039% | $2.0M | $33.1M | 50x | as long as short |
| Hyperliquid DOGE | +0.0539% | 1h | 0.1033 | +0.097% | $128.5M | $109.7M | 10x | as long as short |
| Arcus DOGE-USD | +0.0634% | 1h | 0.1036 | +0.378% | $112K | $200K | 10x | as long as short |
| RISEx DOGE/USDC | +0.0728% | 1h | 0.1035 | +0.281% | $418K | $428K | 10x | as long as short |
| Injective DOGE/USDC PERP | +0.1062% | 1h | 0.1053 | +2.065% | $6K | $242K | 12x | as long as short |
Bybit DOGEUSDT
OKX DOGE-USDT-SWAP
Bulk DOGE-USD
Gate DOGE_USDT
MEXC DOGE_USDT
KuCoin DOGEUSDTM
BingX DOGE-USDC
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
Katana Perps DOGE-USD
Reya DOGERUSDPERP
BloFin DOGE-USDT
Phoenix DOGE
Kraken Futures PF_DOGEUSD
GMX DOGE/USD [ETH-USDC]
01 Exchange DOGEUSD
Coinbase International DOGE-PERP-INTX
Hyperliquid DOGE
Arcus DOGE-USD
RISEx DOGE/USDC
Injective DOGE/USDC PERP