Funding you earn now, next payment 04:00 UTC+0.0204%/8h= +22.3% APRpaid last 24h +0.029%
Price spread now: Coinbase International against OKX−0.134%7-day average +0.036% · you buy dearer than you sell
Net, funding: paid 7d − costs−$35as in the Funding arb table
Net, price: spread back to 7d avg − costs−$49as in the Price arb table
costs, in and out, $10k−$320.322% of the position
Funding, last 7 days−0.027%−$3 on $10k
+Price spread, last 4 days (all we have)+0.118%+$12 · spread now −0.134%, 7d avg +0.036%
=Funding pays, the price is against you. Coinbase International is 0.170% cheaper against OKX than usual: you would sell low and buy high (spread −0.134% now, against its 7-day average of +0.036%). If the spread goes back, that is −$17 on $10k: about 2.8 days of funding at the current rate (+$6 a day).
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.027% in total (about -1.4% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX DOGE-USDT-SWAP | 0.1048 | 0.0100 | pay 0.0100% / 8h | 3h 45m | $120.2M | $1.15B | 50x |
| Short | Coinbase International DOGE-PERP-INTX | 0.1047 | 0.0304 | get 0.0038% / 1h | 45m 10s | $2.0M | $32.1M | 50x |
OKX DOGE-USDT-SWAP
Coinbase International DOGE-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against OKX. 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
- $42.84
- Price spread: −0.134% → +0.036%
- −$16.96
- Slippage, 4 orders
- −$12.23
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$6.35
- Costs to cover
- 0.322%
- Break-even
- 8.0 days
Slippage from OKX: live order book, 4 min ago; Coinbase International: live order book, 4 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 OKX live order book, 4 min ago | 0.48 bp | 6.3 bp −$6 | 10.0 bp −$100 | 19.4 bp −$1,936 | 40.6 bp −$20.3K |
| Sell Coinbase International live order book, 4 min ago | 2.39 bp | 10.6 bp −$11 | 19.3 bp −$193 | 66.5 bp −$6,654 | 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX DOGE-USD | 0.0000% | 1h | 0.1047 | −0.114% | $235K | $70K | 10x | as long as short |
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.1047 | −0.142% | $731K | $6.1M | 2.8x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S 0.0000% | 1h | 0.1048 | −0.008% | $25K | — | 150x | as long as short |
| Bitget DOGEUSDT | +0.0009% | 8h | 0.1048 | −0.019% | $142.0M | $308.3M | 75x | as long as short |
| Lighter DOGE | +0.0096% | 1h | 0.1050 | +0.100% | $749K | $6.4M | 15x | as long as short |
| Nado DOGE-PERP | +0.0100% | 1h | 0.1048 | −0.072% | $569K | $1.1M | 10x | as long as short |
| Aster DOGEUSDT | +0.0100% | 8h | 0.1049 | +0.018% | $5.0M | $53.2M | 75x | as long as short |
| Pacifica DOGE | +0.0100% | 1h | 0.1048 | −0.070% | $338K | $510K | 20x | as long as short |
| Binance DOGEUSDT | +0.0100% | 8h | 0.1049 | +0.048% | $348.2M | $1.57B | 75x | as long as short |
| Bybit DOGEUSDT | +0.0100% | 8h | 0.1048 | −0.010% | $173.3M | $487.3M | 75x | as long as short |
dYdX DOGE-USD
Kalshi KXDOGEPERP
gTrade (Gains Network) DOGE/USD
Bitget DOGEUSDT
Lighter DOGE
Nado DOGE-PERP
Aster DOGEUSDT
Pacifica DOGE
Binance DOGEUSDT
Bybit DOGEUSDTShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX DOGE-USDT-SWAPlong | +0.0100% | 8h | 0.1048 | long leg | $120.2M | $1.15B | 50x | |
| Bulk DOGE-USD | +0.0100% | 1h | 0.1047 | −0.177% | $402K | $11K | 10x | as long as short |
| Gate DOGE_USDT | +0.0100% | 8h | 0.1048 | −0.029% | $259.1M | $141.7M | 75x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.1049 | +0.019% | $117.6M | $239.9M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.1049 | +0.038% | $69.0M | $47.3M | 75x | as long as short |
| BingX DOGE-USDT | +0.0100% | 8h | 0.1049 | +0.029% | — | $78.5M | — | as long as short |
| Backpack DOGE_USDC_PERP | +0.0100% | 1h | 0.1049 | +0.010% | $354K | $1.2M | 15x | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.1044 | −0.413% | $1.2M | $8.4M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.1045 | −0.311% | $335K | $134.5M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.1043 | −0.487% | $659K | $4.5M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.1046 | −0.238% | $164K | $317K | 25x | as long as short |
| Polymarket Perps DOGE-USD | +0.0100% | 1h | 0.1048 | −0.076% | $269K | $889K | 10x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.1049 | +0.029% | $74K | $440K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.1049 | +0.030% | $26K | $1K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.1050 | +0.097% | $36K | $2.2M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.1049 | +0.048% | $2K | $4.9M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.1048 | −0.024% | $6.2M | $63.2M | 75x | as long as short |
| Phemex DOGEUSDT | +0.0100% | 8h | 0.1049 | +0.048% | $96.5M | $17.1M | 50x | as long as short |
| Paradex DOGE-USD-PERP | +0.0104% | 8h | 0.1047 | −0.096% | $19K | $7K | 30x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.1049 | +0.024% | $505K | $4.1M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.1049 | +0.061% | $20K | — | 3x | as long as short |
| Katana Perps DOGE-USD | +0.0125% | 8h | 0.1047 | −0.191% | $1K | $485K | 10x | as long as short |
| Reya DOGERUSDPERP | +0.0191% | 1h | 0.1048 | −0.031% | $2K | — | 20x | as long as short |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.1049 | +0.038% | $16.3M | $27.5M | 75x | as long as short |
| Phoenix DOGE | +0.0235% | 1h | 0.1045 | −0.366% | $19K | $292K | 10x | as long as short |
| Kraken Futures PF_DOGEUSD | +0.0240% | 1h | 0.1049 | +0.017% | $5.6M | $37.7M | 50x | as long as short |
| 01 Exchange DOGEUSD | +0.0256% | 1h | 0.1048 | −0.047% | $466 | $4K | 10x | as long as short |
| GMX DOGE/USD [ETH-USDC] | L +0.0261% / S −0.0320% | 1h | 0.1048 | −0.051% | $346K | — | 200x | as long as short |
| Coinbase International DOGE-PERP-INTXshort | +0.0304% | 1h | 0.1047 | −0.134% | $2.0M | $32.1M | 50x | |
| Deribit DOGE_USDC-PERPETUAL | +0.0437% | 1h | 0.1050 | +0.095% | $591K | $242K | 25x | as long as short |
| Hyperliquid DOGE | +0.0591% | 1h | 0.1050 | +0.127% | $130.1M | $107.4M | 10x | as long as short |
| Arcus DOGE-USD | +0.0634% | 1h | 0.1049 | +0.010% | $113K | $200K | 10x | as long as short |
| RISEx DOGE/USDC | +0.0728% | 1h | 0.1048 | −0.052% | $423K | $426K | 10x | as long as short |
| Injective DOGE/USDC PERP | +0.1062% | 1h | 0.1053 | +0.429% | $6K | $242K | 12x | as long as short |
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
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
01 Exchange DOGEUSD
GMX DOGE/USD [ETH-USDC]
Deribit DOGE_USDC-PERPETUAL
Hyperliquid DOGE
Arcus DOGE-USD
RISEx DOGE/USDC
Injective DOGE/USDC PERP