Funding you earn now, next payment 05:00 UTC−0.0046%/8h= −5.0% APRnext payment −$0.06 per $10,000 · paid last 24h −0.023%
Price spread now: Deribit against Polymarket Perps−0.060%7-day average +0.028% · you buy dearer than you sell
Net, funding: paid 7d − costs−$20as in the Funding arb table
Net, price: spread back to 7d avg − costs−$46as in the Price arb table
costs, in and out, $10k−$370.372% of the position
Funding, last 7 days+0.170%+$17 on $10k
+Price spread, last 4 days (all we have)+0.095%+$10 · spread now −0.060%, 7d avg +0.028%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Deribit is 0.088% cheaper against Polymarket Perps than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of +0.028%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.170%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Polymarket Perps DOGE-USD | 0.1022 | 0.0100 | pay 0.0013% / 1h | 21m 44s | $258K | $982K | 10x |
| Short | Deribit DOGE_USDC-PERPETUAL | 0.1021 | 0.0054 | get 0.0007% / 1h | 21m 44s | $580K | $247K | 25x |
Polymarket Perps DOGE-USD
Deribit DOGE_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against Polymarket Perps. 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
- −$9.66
- Price spread: −0.060% → +0.028%
- −$8.77
- Slippage, 4 orders
- −$22.17
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$55.6
- Costs to cover
- 0.372%
- Break-even
- never at this rate
Slippage from Polymarket Perps: live order book, 31 min ago; Deribit: live order book, 32 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 Polymarket Perps live order book, 31 min ago | 3.79 bp | 10.5 bp −$10 | 11.2 bp −$112 | doesn't fit | doesn't fit |
| Sell Deribit live order book, 32 min ago | 5.70 bp | 9.7 bp −$10 | 54.4 bp −$544 | 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 | 0.1023 | +0.115% | $698K | $6.3M | 2.8x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S 0.0000% | 1h | 0.1022 | −0.026% | $24K | — | 150x | as long as short |
| dYdX DOGE-USD | +0.0024% | 1h | 0.1024 | +0.227% | $230K | $70K | 10x | as long as short |
| Deribit DOGE_USDC-PERPETUALshort | +0.0054% | 1h | 0.1021 | −0.060% | $580K | $247K | 25x | |
| Bitget DOGEUSDT | +0.0063% | 8h | 0.1025 | +0.274% | $133.5M | $316.3M | 75x | as long as short |
| Lighter DOGE | +0.0096% | 1h | 0.1025 | +0.282% | $761K | $6.5M | 15x | as long as short |
| Nado DOGE-PERP | +0.0100% | 1h | 0.1022 | −0.044% | $554K | $1.1M | 10x | as long as short |
| Aster DOGEUSDT | +0.0100% | 8h | 0.1024 | +0.243% | $4.9M | $54.7M | 75x | as long as short |
| Pacifica DOGE | +0.0100% | 1h | 0.1025 | +0.278% | $328K | $518K | 20x | as long as short |
| Binance DOGEUSDT | +0.0100% | 8h | 0.1025 | +0.273% | $339.5M | $1.61B | 75x | as long as short |
Kalshi KXDOGEPERP
gTrade (Gains Network) DOGE/USD
dYdX DOGE-USD
Bitget DOGEUSDT
Lighter DOGE
Nado DOGE-PERP
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 | 0.1024 | +0.235% | $167.7M | $498.5M | 75x | as long as short |
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.1025 | +0.274% | $116.5M | $1.15B | 50x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.1029 | +0.734% | $395K | $16K | 10x | as long as short |
| Gate DOGE_USDT | +0.0100% | 8h | 0.1025 | +0.264% | $253.4M | $146.0M | 75x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.1025 | +0.284% | $115.9M | $245.0M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.1024 | +0.205% | $67.4M | $48.2M | 75x | as long as short |
| BingX DOGE-USDT | +0.0100% | 8h | 0.1025 | +0.303% | — | $79.4M | — | as long as short |
| Backpack DOGE_USDC_PERP | +0.0100% | 1h | 0.1021 | −0.088% | $340K | $1.2M | 15x | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.1026 | +0.397% | $1.1M | $8.4M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.1031 | +0.929% | $329K | $135.6M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.1027 | +0.490% | $649K | $4.5M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.1032 | +0.978% | $156K | $329K | 25x | as long as short |
| Polymarket Perps DOGE-USDlong | +0.0100% | 1h | 0.1022 | long leg | $258K | $982K | 10x | |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.1022 | −0.039% | $69K | $468K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.1021 | −0.086% | $25K | $1K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.1022 | −0.048% | $36K | $2.3M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.1022 | −0.029% | $2K | $5.1M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.1021 | −0.098% | $6.0M | $65.3M | 75x | as long as short |
| Phemex DOGEUSDT | +0.0100% | 8h | 0.1022 | 0.000% | $93.9M | $17.3M | 50x | as long as short |
| Paradex DOGE-USD-PERP | +0.0100% | 8h | 0.1024 | +0.243% | $18K | $7K | 30x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.1025 | +0.295% | $494K | $4.1M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.1021 | −0.064% | $19K | — | 3x | as long as short |
| Katana Perps DOGE-USD | +0.0121% | 8h | 0.1025 | +0.284% | $1K | $498K | 10x | as long as short |
| Reya DOGERUSDPERP | +0.0192% | 1h | 0.1022 | −0.015% | $2K | — | 20x | as long as short |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.1026 | +0.382% | $16.8M | $27.1M | 75x | as long as short |
| Phoenix DOGE | +0.0235% | 1h | 0.1031 | +0.894% | $19K | $292K | 10x | as long as short |
| Kraken Futures PF_DOGEUSD | +0.0246% | 1h | 0.1022 | −0.037% | $5.5M | $39.0M | 50x | as long as short |
| GMX DOGE/USD [ETH-USDC] | L +0.0256% / S −0.0309% | 1h | 0.1021 | −0.055% | $330K | — | 200x | as long as short |
| 01 Exchange DOGEUSD | +0.0256% | 1h | 0.1021 | −0.050% | $454 | $4K | 10x | as long as short |
| Coinbase International DOGE-PERP-INTX | +0.0304% | 1h | 0.1022 | +0.039% | $2.1M | $33.3M | 50x | as long as short |
| Hyperliquid DOGE | +0.0502% | 1h | 0.1025 | +0.264% | $127.8M | $110.5M | 10x | as long as short |
| Arcus DOGE-USD | +0.0634% | 1h | 0.1026 | +0.411% | $111K | $203K | 10x | as long as short |
| RISEx DOGE/USDC | +0.0728% | 1h | 0.1026 | +0.370% | $414K | $428K | 10x | as long as short |
| Injective DOGE/USDC PERP | +0.1062% | 1h | 0.1053 | +3.033% | $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-USDT
Backpack DOGE_USDC_PERP
Variational Omni DOGE
edgeX DOGEUSDC
GRVT DOGE_USDT_Perp
ApeX Omni DOGEUSDT
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