Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.027%
Price spread now: Bulk against Backpack+0.101%7-day average +0.015% · 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−$20as in the Price arb table
costs, in and out, $10k−$290.287% of the position
Funding, last 4 days (all we have)−0.009%−$1 on $10k
+Price spread, last 4 days (all we have)−0.015%−$1 · spread now +0.101%, 7d avg +0.015%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bulk is 0.086% dearer against Backpack than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of +0.015%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack DOGE_USDC_PERP | 0.09875 | 0.0100 | pay 0.0013% / 1h | 58m 39s | $301K | $1.3M | 15x |
| Short | Bulk DOGE-USD | 0.09885 | 0.0100 | get 0.0013% / 1h | 58m 39s | $377K | $16K | 10x |
Backpack DOGE_USDC_PERP
Bulk DOGE-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bulk 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
- $0
- Price spread: +0.101% → +0.015%
- $8.58
- Slippage, 4 orders
- −$11.74
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Bulk: 3.5 bp × 2 orders
- −$7
- Net
- −$20.17
- Costs to cover
- 0.287%
- Break-even
- never at this rate
Slippage from Backpack: live order book, just now; Bulk: live order book, 40 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, just now | 0.51 bp | 5.9 bp −$6 | 16.5 bp −$165 | doesn't fit | doesn't fit |
| Sell Bulk live order book, 40 min ago | 5.03 bp | 8.5 bp −$9 | 9.0 bp −$90 | 19.7 bp −$1,967 | 36.1 bp −$18.1K |
DOGE on 43 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate DOGE_USDT | −0.0311% | 8h | 0.09887 | +0.122% | $250.2M | $152.2M | 75x | as long as short |
| Kraken Futures PF_DOGEUSD | −0.0097% | 1h | 0.09863 | −0.118% | $5.5M | $40.8M | 50x | as long as short |
| Bitget DOGEUSDT | −0.0006% | 8h | 0.09882 | +0.071% | $140.2M | $348.1M | 75x | as long as short |
| dYdX DOGE-USD | 0.0000% | 1h | 0.09888 | +0.134% | $222K | $63K | 10x | as long as short |
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.09878 | +0.025% | $578K | $6.6M | 2.8x | as long as short |
| Deribit DOGE_USDC-PERPETUAL | 0.0000% | 1h | 0.09864 | −0.113% | $551K | $280K | 25x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S 0.0000% | 1h | 0.09861 | −0.138% | $35K | — | 150x | as long as short |
| Bybit DOGEUSDT | +0.0031% | 8h | 0.09885 | +0.101% | $163.3M | $526.0M | 75x | as long as short |
| Injective DOGE/USDC PERP | +0.0033% | 1h | 0.1053 | +6.633% | $6K | $242K | 12x | as long as short |
| Lighter DOGE | +0.0096% | 1h | 0.09898 | +0.233% | $825K | $6.8M | 15x | as long as short |
Gate DOGE_USDT
Kraken Futures PF_DOGEUSD
Bitget DOGEUSDT
dYdX DOGE-USD
Kalshi KXDOGEPERP
Deribit DOGE_USDC-PERPETUAL
gTrade (Gains Network) DOGE/USD
Bybit DOGEUSDT
Injective DOGE/USDC PERP
Lighter DOGEShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Nado DOGE-PERP | +0.0100% | 1h | 0.09887 | +0.127% | $535K | $1.1M | 10x | as long as short |
| Hyperliquid DOGE | +0.0100% | 1h | 0.09895 | +0.204% | $123.3M | $117.2M | 10x | as long as short |
| Aster DOGEUSDT | +0.0100% | 8h | 0.09890 | +0.151% | $4.9M | $59.7M | 75x | as long as short |
| Pacifica DOGE | +0.0100% | 1h | 0.09889 | +0.138% | $321K | $506K | 20x | as long as short |
| Binance DOGEUSDT | +0.0100% | 8h | 0.09892 | +0.172% | $327.0M | $1.72B | 75x | as long as short |
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.09888 | +0.132% | $114.9M | $1.20B | 50x | as long as short |
| Arcus DOGE-USD | +0.0100% | 1h | 0.09891 | +0.162% | $16K | $306K | 10x | as long as short |
| Bulk DOGE-USDshort | +0.0100% | 1h | 0.09885 | +0.101% | $377K | $16K | 10x | |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.09890 | +0.152% | $116.2M | $257.1M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.09890 | +0.152% | $66.3M | $50.0M | 75x | as long as short |
| BingX DOGE-USDC | +0.0100% | 8h | 0.09883 | +0.081% | — | $3.5M | — | as long as short |
| Backpack DOGE_USDC_PERPlong | +0.0100% | 1h | 0.09875 | long leg | $301K | $1.3M | 15x | |
| Variational Omni DOGE | +0.0100% | 8h | 0.09877 | +0.022% | $1.0M | $8.6M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.09883 | +0.085% | $300K | $139.5M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.09885 | +0.102% | $626K | $4.5M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.09880 | +0.051% | $141K | $346K | 25x | as long as short |
| Polymarket Perps DOGE-USD | +0.0100% | 1h | 0.09867 | −0.076% | $257K | $1.2M | 10x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.09863 | −0.122% | $70K | $478K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.09861 | −0.145% | $18K | $7K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.09872 | −0.029% | $35K | $2.3M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.09864 | −0.111% | $2K | $5.5M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.09866 | −0.096% | $5.8M | $69.1M | 75x | as long as short |
| Phemex DOGEUSDT | +0.0100% | 8h | 0.09871 | −0.041% | $90.3M | $16.6M | 50x | as long as short |
| Paradex DOGE-USD-PERP | +0.0100% | 8h | 0.09891 | +0.160% | $18K | $5K | 30x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.09885 | +0.106% | $483K | $4.1M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.09863 | −0.124% | $19K | — | 3x | as long as short |
| Phoenix DOGE | +0.0160% | 1h | 0.09888 | +0.131% | $18K | $382K | 10x | as long as short |
| Reya DOGERUSDPERP | +0.0201% | 1h | 0.09859 | −0.162% | $2K | — | 20x | as long as short |
| Coinbase International DOGE-PERP-INTX | +0.0208% | 1h | 0.09867 | −0.081% | $1.9M | $34.8M | 50x | as long as short |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.09872 | −0.030% | $15.4M | $26.7M | 75x | as long as short |
| 01 Exchange DOGEUSD | +0.0232% | 1h | 0.09898 | +0.237% | $440 | $4K | 10x | as long as short |
| GMX DOGE/USD [ETH-USDC] | L +0.0235% / S −0.0245% | 1h | 0.09864 | −0.116% | $275K | — | 200x | as long as short |
| RISEx DOGE/USDC | +0.0717% | 1h | 0.09897 | +0.218% | $398K | $456K | 10x | as long as short |
Nado DOGE-PERP
Hyperliquid DOGE
Aster DOGEUSDT
Pacifica DOGE
Binance DOGEUSDT
OKX DOGE-USDT-SWAP
Arcus 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
Phoenix DOGE
Reya DOGERUSDPERP
Coinbase International DOGE-PERP-INTX
BloFin DOGE-USDT
01 Exchange DOGEUSD
GMX DOGE/USD [ETH-USDC]
RISEx DOGE/USDC