Funding you earn now, next payment 22:00 UTC−0.0488%/8h= −53.5% APRpaid last 24h −0.019%
Price spread now: Bitget against Backpack−0.132%49s7-day average −0.011% · 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—prices read too far apart to compare
costs, in and out, $10k−$280.285% of the position
Funding, last 7 days−0.070%−$7 on $10k
+Price spread, last 4 days (all we have)+0.183%+$18 · spread now −0.132%, 7d avg −0.011%
=Both sides work against this trade now: funding costs −$15 a day on $10k at the current rate, and Bitget is 0.121% cheaper against Backpack than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of −0.011%). Swap the legs. The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.070% in total (about -3.7% 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 | Backpack DOGE_USDC_PERP | 0.09837 | 0.0209 | pay 0.0026% / 1h | 32m 17s | $520K | $934K | 15x |
| Short | Bitget DOGEUSDT | 0.09824 | −0.0279 | pay 0.0279% / 8h | 2h 32m | $151.1M | $260.1M | 75x |
Backpack DOGE_USDC_PERP
Bitget DOGEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Backpack. 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
- −$102.57
- Price spread: −0.132% → −0.011%
- −$12.11
- Slippage, 4 orders
- −$6.45
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$143.13
- Costs to cover
- 0.285%
- Break-even
- never at this rate
Slippage from Backpack: live order book, 56 min ago; Bitget: live order book, 2 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 Backpack live order book, 56 min ago | 0.50 bp | 6.7 bp −$7 | 454.2 bp −$4,542 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 2 min ago | 0.51 bp | 8.1 bp −$8 | 10.5 bp −$105 | 18.7 bp −$1,873 | 40.4 bp −$20.2K |
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 DOGEUSDTshort | −0.0279% | 8h | 0.09824 | −0.132% | $151.1M | $260.1M | 75x | |
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.09838 | +0.011% | $358K | $4.3M | 2.8x | as long as short |
| Deribit DOGE_USDC-PERPETUAL | 0.0000% | 1h | 0.09836 | −0.012% | $615K | $99K | 25x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S −0.0001% | 1h | 0.09837 | +0.004% | $32K | — | 150x | as long as short |
| Gate DOGE_USDT | +0.0064% | 8h | 0.09839 | +0.020% | $234.1M | $119.3M | 75x | as long as short |
| dYdX DOGE-USD | +0.0072% | 1h | 0.09845 | +0.076% | $221K | $44K | 10x | as long as short |
| Phoenix DOGE | +0.0080% | 1h | 0.09849 | +0.119% | $15K | $225K | 10x | as long as short |
| Katana Perps DOGE-USD | +0.0095% | 8h | 0.09838 | +0.010% | $822 | $335K | 10x | as long as short |
| Lighter DOGE | +0.0096% | 1h | 0.09837 | −0.004% | $780K | $5.1M | 15x | as long as short |
| Nado DOGE-PERP | +0.0100% | 1h | 0.09842 | +0.051% | $625K | $695K | 10x | as long as short |
Kalshi KXDOGEPERP
Deribit DOGE_USDC-PERPETUAL
gTrade (Gains Network) DOGE/USD
Gate DOGE_USDT
dYdX DOGE-USD
Phoenix DOGE
Katana Perps DOGE-USD
Lighter DOGE
Nado DOGE-PERPShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster DOGEUSDT | +0.0100% | 8h | 0.09842 | +0.048% | $4.9M | $40.6M | 75x | as long as short |
| Pacifica DOGE | +0.0100% | 1h | 0.09844 | +0.070% | $335K | $505K | 20x | as long as short |
| Binance DOGEUSDT | +0.0100% | 8h | 0.09835 | −0.018% | $312.6M | $1.26B | 75x | as long as short |
| Bybit DOGEUSDT | +0.0100% | 8h | 0.09831 | −0.061% | $155.8M | $397.5M | 75x | as long as short |
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.09837 | 0.000% | $107.3M | $880.1M | 50x | as long as short |
| Arcus DOGE-USD | +0.0100% | 1h | 0.09850 | +0.132% | $28K | $75K | 10x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.09919 | +0.832% | $380K | $19K | 10x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.09836 | −0.010% | $117.7M | $214.8M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.09835 | −0.020% | $64.7M | $39.0M | 75x | as long as short |
| BingX DOGE-USDC | +0.0100% | 8h | 0.09843 | +0.061% | — | $3.4M | — | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.09842 | +0.052% | $917K | $7.8M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.09864 | +0.270% | $262K | $111.9M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.09867 | +0.305% | $627K | $4.6M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.09860 | +0.234% | $140K | $222K | 25x | as long as short |
| Polymarket Perps DOGE-USD | +0.0100% | 1h | 0.09839 | +0.024% | $270K | $531K | 10x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.09835 | −0.020% | $56K | $397K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.09832 | −0.054% | $24K | $1K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.09844 | +0.072% | $35K | $2.2M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.09834 | −0.030% | $2K | $3.3M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.09842 | +0.056% | $5.9M | $46.6M | 75x | as long as short |
| Phemex DOGEUSDT | +0.0100% | 8h | 0.09836 | −0.010% | $91.3M | $19.0M | 50x | as long as short |
| Paradex DOGE-USD-PERP | +0.0100% | 8h | 0.09842 | +0.046% | $18K | $5K | 30x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.09830 | −0.072% | $547K | $3.6M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.09834 | −0.030% | $19K | — | 3x | as long as short |
| Reya DOGERUSDPERP | +0.0174% | 1h | 0.09842 | +0.051% | $2K | — | 20x | as long as short |
| 01 Exchange DOGEUSD | +0.0200% | 1h | 0.09845 | +0.083% | $520 | $4K | 10x | as long as short |
| Backpack DOGE_USDC_PERPlong | +0.0209% | 1h | 0.09837 | long leg | $520K | $934K | 15x | |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.09832 | −0.051% | $15.1M | $23.6M | 75x | as long as short |
| Coinbase International DOGE-PERP-INTX | +0.0224% | 1h | 0.09847 | +0.102% | $2.0M | $22.1M | 50x | as long as short |
| GMX DOGE/USD [ETH-USDC] | L +0.0243% / S −0.0263% | 1h | 0.09837 | −0.004% | $303K | — | 200x | as long as short |
| Kraken Futures PF_DOGEUSD | +0.0291% | 1h | 0.09830 | −0.071% | $5.9M | $31.6M | 50x | as long as short |
| Hyperliquid DOGE | +0.0441% | 1h | 0.09851 | +0.145% | $109.0M | $78.8M | 10x | as long as short |
| RISEx DOGE/USDC | +0.0536% | 1h | 0.09850 | +0.132% | $307K | $470K | 10x | as long as short |
| Injective DOGE/USDC PERP | +0.1013% | 1h | 0.09880 | +0.437% | $5K | $153K | 12x | as long as short |
Aster DOGEUSDT
Pacifica DOGE
Binance DOGEUSDT
Bybit DOGEUSDT
OKX DOGE-USDT-SWAP
Arcus DOGE-USD
Bulk DOGE-USD
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
Reya DOGERUSDPERP
01 Exchange DOGEUSD
BloFin DOGE-USDT
Coinbase International DOGE-PERP-INTX
GMX DOGE/USD [ETH-USDC]
Kraken Futures PF_DOGEUSD
Hyperliquid DOGE
RISEx DOGE/USDC
Injective DOGE/USDC PERP