DOGE

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0006%/8h= −0.7% APRnext payment −$0.01 per $10,000 · paid last 24h −0.041%

Price spread now: Deribit against Arcus+0.559%7-day average −0.008% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs+$22as in the Price arb table

costs, in and out, $10k−$350.351% of the position

Long on Arcus Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.121%−$12 on $10k

Price spread, last 4 days (all we have)−0.649%−$65 · spread now +0.559%, 7d avg −0.008%

Together, before fees−0.770%−$77 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: Deribit is 0.567% dearer against Arcus than usual: you sell high and buy low, +$57 on $10k if it goes back to its 7-day average of −0.008%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus DOGE-USD	0.09827	0.0100	pay 0.0013% / 1h	33m 34s	$16K	$306K	10x
Short	Deribit DOGE_USDC-PERPETUAL	0.09882	0.0094	get 0.0012% / 1h	33m 34s	$560K	$294K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Arcus. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee ArcusbpFee DeribitbpOrdersPrice spread, now +0.559%Rate

Funding earned: −$1.26
Price spread: +0.559% → −0.008%: $56.7
Slippage, 4 orders: −$23.56
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $20.38
Costs to cover: 0.351%
Break-even: from the start

Slippage from Arcus: live order book, 60 min ago; Deribit: live order book, 65 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, 60 min ago	2.52 bp	7.6 bp −$8	24.2 bp −$242	doesn't fit	doesn't fit
Sell Deribit live order book, 65 min ago	4.54 bp	9.0 bp −$9	14.4 bp −$144	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
Kraken Futures PF_DOGEUSD	−0.0096%	1h	0.09870	+0.440%	$5.5M	$40.5M	50x	as long as short
Bitget DOGEUSDT	−0.0014%	8h	0.09823	−0.041%	$139.5M	$346.5M	75x	as long as short
Kalshi KXDOGEPERP	0.0000%	8h	0.09877	+0.511%	$552K	$6.6M	2.8x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S 0.0000%	1h	0.09873	+0.463%	$35K	—	150x	as long as short
Injective DOGE/USDC PERP	+0.0033%	1h	0.1053	+7.154%	$6K	$242K	12x	as long as short
Gate DOGE_USDT	+0.0041%	8h	0.09825	−0.020%	$248.4M	$153.9M	75x	as long as short
Phoenix DOGE	+0.0081%	1h	0.09885	+0.592%	$18K	$386K	10x	as long as short
Deribit DOGE_USDC-PERPETUALshort	+0.0094%	1h	0.09882	+0.559%	$560K	$294K	25x
Lighter DOGE	+0.0096%	1h	0.09838	+0.110%	$820K	$6.8M	15x	as long as short
Katana Perps DOGE-USD	+0.0100%	8h	0.09821	−0.061%	$1K	$547K	10x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado DOGE-PERP	+0.0100%	1h	0.09823	−0.036%	$532K	$1.1M	10x	as long as short
Hyperliquid DOGE	+0.0100%	1h	0.09836	+0.093%	$122.7M	$116.8M	10x	as long as short
Aster DOGEUSDT	+0.0100%	8h	0.09830	+0.035%	$4.9M	$58.8M	75x	as long as short
Pacifica DOGE	+0.0100%	1h	0.09830	+0.030%	$319K	$484K	20x	as long as short
Binance DOGEUSDT	+0.0100%	8h	0.09828	+0.010%	$325.3M	$1.71B	75x	as long as short
Bybit DOGEUSDT	+0.0100%	8h	0.09828	+0.010%	$162.6M	$520.5M	75x	as long as short
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.09830	+0.031%	$114.1M	$1.18B	50x	as long as short
Arcus DOGE-USDlong	+0.0100%	1h	0.09827	long leg	$16K	$306K	10x
Bulk DOGE-USD	+0.0100%	1h	0.09875	+0.488%	$377K	$2K	10x	as long as short
MEXC DOGE_USDT	+0.0100%	8h	0.09829	+0.020%	$116.3M	$259.2M	300x	as long as short
KuCoin DOGEUSDTM	+0.0100%	8h	0.09831	+0.041%	$65.9M	$49.2M	75x	as long as short
BingX DOGE-USDT	+0.0100%	8h	0.09825	−0.020%	—	$53.3M	—	as long as short
Backpack DOGE_USDC_PERP	+0.0100%	1h	0.09861	+0.346%	$300K	$1.3M	15x	as long as short
Variational Omni DOGE	+0.0100%	8h	0.09876	+0.497%	$1.1M	$8.5M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.09876	+0.494%	$300K	$139.1M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.09875	+0.488%	$621K	$4.4M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.09900	+0.743%	$141K	$347K	25x	as long as short
Polymarket Perps DOGE-USD	+0.0100%	1h	0.09831	+0.036%	$256K	$1.2M	10x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.09881	+0.550%	$70K	$465K	50x	as long as short
Derive DOGE-PERP	+0.0100%	1h	0.09878	+0.522%	$18K	$7K	10x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.09871	+0.445%	$34K	$2.2M	30x	as long as short
SoDEX DOGE-USD	+0.0100%	1h	0.09869	+0.427%	$2K	$5.3M	10x	as long as short
HTX DOGE-USDT	+0.0100%	8h	0.09872	+0.458%	$5.8M	$68.8M	75x	as long as short
Phemex DOGEUSDT	+0.0100%	8h	0.09867	+0.407%	$90.2M	$16.5M	50x	as long as short
Paradex DOGE-USD-PERP	+0.0100%	8h	0.09821	−0.059%	$18K	$5K	30x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.09821	−0.062%	$478K	$4.1M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.09878	+0.519%	$19K	—	3x	as long as short
Reya DOGERUSDPERP	+0.0202%	1h	0.09863	+0.370%	$2K	—	20x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0208%	1h	0.09878	+0.519%	$1.9M	$34.7M	50x	as long as short
BloFin DOGE-USDT	+0.0220%	8h	0.09876	+0.499%	$15.4M	$26.7M	75x	as long as short
01 Exchange DOGEUSD	+0.0224%	1h	0.09832	+0.049%	$453	$4K	10x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0235% / S −0.0207%	1h	0.09870	+0.442%	$296K	—	200x	as long as short
dYdX DOGE-USD	+0.0617%	1h	0.09823	−0.036%	$231K	$73K	10x	as long as short
RISEx DOGE/USDC	+0.0717%	1h	0.09831	+0.046%	$395K	$449K	10x	as long as short