Funding you earn now, next payment 04:00 UTC−0.0590%/8h= −64.6% APRpaid last 24h −0.009%
Price spread now: Bybit against Arcus−0.301%7-day average −0.025% · 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−$55as in the Price arb table
costs, in and out, $10k−$280.275% of the position
Funding, last 4 days (all we have)−0.015%−$2 on $10k
+Price spread, last 4 days (all we have)+0.381%+$38 · spread now −0.301%, 7d avg −0.025%
=Both sides work against this trade now: funding costs −$18 a day on $10k at the current rate, and Bybit is 0.276% cheaper against Arcus than usual: you would sell low and buy high (−$28 if the spread goes back to its 7-day average of −0.025%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.015% in total (about -1.6% 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 | Arcus DOGE-USD | 0.09958 | 0.0690 | pay 0.0086% / 1h | 40m 30s | $118K | $189K | 10x |
| Short | Bybit DOGEUSDT | 0.09928 | 0.0100 | get 0.0100% / 8h | 4h 40m | $161.3M | $443.5M | 75x |
Arcus DOGE-USD
Bybit DOGEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Arcus. 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
- −$123.96
- Price spread: −0.301% → −0.025%
- −$27.65
- Slippage, 4 orders
- −$12.01
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$179.12
- Costs to cover
- 0.275%
- Break-even
- never at this rate
Slippage from Arcus: live order book, 13 min ago; Bybit: 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 Arcus live order book, 13 min ago | 2.02 bp | 4.5 bp −$4 | 13.7 bp −$137 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 4 min ago | 0.50 bp | 7.3 bp −$7 | 11.7 bp −$117 | 23.6 bp −$2,363 | 44.8 bp −$22.4K |
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 | −0.0055% | 8h | 0.09922 | −0.362% | $150.0M | $275.2M | 75x | as long as short |
| Kraken Futures PF_DOGEUSD | −0.0032% | 1h | 0.09927 | −0.307% | $5.7M | $35.5M | 50x | as long as short |
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.09922 | −0.360% | $394K | $5.2M | 2.8x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S 0.0000% | 1h | 0.09929 | −0.287% | $23K | — | 150x | as long as short |
| dYdX DOGE-USD | +0.0032% | 1h | 0.09943 | −0.155% | $223K | $49K | 10x | as long as short |
| Polymarket Perps DOGE-USD | +0.0076% | 1h | 0.09924 | −0.342% | $258K | $831K | 10x | as long as short |
| Lighter DOGE | +0.0096% | 1h | 0.09948 | −0.100% | $730K | $6.2M | 15x | as long as short |
| Katana Perps DOGE-USD | +0.0096% | 8h | 0.09936 | −0.221% | $898 | $449K | 10x | as long as short |
| Nado DOGE-PERP | +0.0100% | 1h | 0.09935 | −0.231% | $526K | $1.0M | 10x | as long as short |
| Aster DOGEUSDT | +0.0100% | 8h | 0.09943 | −0.146% | $4.6M | $49.1M | 75x | as long as short |
Bitget DOGEUSDT
Kraken Futures PF_DOGEUSD
Kalshi KXDOGEPERP
gTrade (Gains Network) DOGE/USD
dYdX DOGE-USD
Polymarket Perps DOGE-USD
Lighter DOGE
Katana Perps DOGE-USD
Nado DOGE-PERP
Aster DOGEUSDTShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica DOGE | +0.0100% | 1h | 0.09948 | −0.100% | $323K | $482K | 20x | as long as short |
| Binance DOGEUSDT | +0.0100% | 8h | 0.09940 | −0.183% | $317.4M | $1.45B | 75x | as long as short |
| Bybit DOGEUSDTshort | +0.0100% | 8h | 0.09928 | −0.301% | $161.3M | $443.5M | 75x | |
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.09927 | −0.311% | $111.4M | $994.0M | 50x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.09885 | −0.733% | $380K | $859 | 10x | as long as short |
| Gate DOGE_USDT | +0.0100% | 8h | 0.09939 | −0.191% | $243.9M | $133.5M | 75x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.09932 | −0.261% | $111.1M | $234.3M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.09931 | −0.271% | $65.6M | $43.5M | 75x | as long as short |
| BingX DOGE-USDC | +0.0100% | 8h | 0.09941 | −0.171% | — | $3.5M | — | as long as short |
| Backpack DOGE_USDC_PERP | +0.0100% | 1h | 0.09927 | −0.311% | $311K | $1.1M | 15x | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.09927 | −0.315% | $1.0M | $8.2M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.09907 | −0.508% | $295K | $129.1M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.09876 | −0.823% | $622K | $4.4M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.09880 | −0.783% | $144K | $284K | 25x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.09928 | −0.301% | $70K | $436K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.09926 | −0.325% | $24K | $1K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.09932 | −0.257% | $35K | $2.2M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.09925 | −0.331% | $2K | $4.0M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.09922 | −0.359% | $5.9M | $57.3M | 75x | as long as short |
| Phemex DOGEUSDT | +0.0100% | 8h | 0.09928 | −0.301% | $91.3M | $16.6M | 50x | as long as short |
| Paradex DOGE-USD-PERP | +0.0101% | 8h | 0.09943 | −0.155% | $18K | $7K | 30x | as long as short |
| Deribit DOGE_USDC-PERPETUAL | +0.0103% | 1h | 0.09929 | −0.286% | $593K | $118K | 25x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.09937 | −0.206% | $497K | $4.1M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.09927 | −0.309% | $19K | — | 3x | as long as short |
| Reya DOGERUSDPERP | +0.0189% | 1h | 0.09929 | −0.295% | $2K | — | 20x | as long as short |
| 01 Exchange DOGEUSD | +0.0192% | 1h | 0.09948 | −0.098% | $530 | $4K | 10x | as long as short |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.09927 | −0.311% | $15.5M | $25.1M | 75x | as long as short |
| Phoenix DOGE | +0.0242% | 1h | 0.09909 | −0.489% | $64K | $288K | 10x | as long as short |
| GMX DOGE/USD [ETH-USDC] | L +0.0246% / S −0.0269% | 1h | 0.09928 | −0.296% | $311K | — | 200x | as long as short |
| Hyperliquid DOGE | +0.0279% | 1h | 0.09940 | −0.183% | $120.9M | $100.4M | 10x | as long as short |
| Coinbase International DOGE-PERP-INTX | +0.0296% | 1h | 0.09929 | −0.291% | $2.3M | $26.8M | 50x | as long as short |
| Arcus DOGE-USDlong | +0.0690% | 1h | 0.09958 | long leg | $118K | $189K | 10x | |
| RISEx DOGE/USDC | +0.0695% | 1h | 0.09950 | −0.075% | $402K | $412K | 10x | as long as short |
| Injective DOGE/USDC PERP | +0.1004% | 1h | 0.09940 | −0.181% | $5K | $239K | 12x | as long as short |
Pacifica DOGE
Binance DOGEUSDT
OKX DOGE-USDT-SWAP
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
Orderly PERP_DOGE_USDC
Derive DOGE-PERP
SunX DOGE-USDT
SoDEX DOGE-USD
HTX DOGE-USDT
Phemex DOGEUSDT
Paradex DOGE-USD-PERP
Deribit DOGE_USDC-PERPETUAL
Extended DOGE-USD
Aevo DOGE-PERP
Reya DOGERUSDPERP
01 Exchange DOGEUSD
BloFin DOGE-USDT
Phoenix DOGE
GMX DOGE/USD [ETH-USDC]
Hyperliquid DOGE
Coinbase International DOGE-PERP-INTX
RISEx DOGE/USDC
Injective DOGE/USDC PERP