Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRnext payment −$0.00 per $10,000 · paid last 24h −0.027%
Price spread now: Nado against Backpack+0.367%7-day average −0.009% · 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+$10as in the Price arb table
costs, in and out, $10k−$270.274% of the position
Funding, last 3 days (all we have)−0.013%−$1 on $10k
+Price spread, last 4 days (all we have)−0.165%−$17 · spread now +0.367%, 7d avg −0.009%
=Together, before fees−0.178%+ Points / potential airdropNado: Active · farm board−$18 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: Nado is 0.376% dearer against Backpack than usual: you sell high and buy low, +$38 on $10k if it goes back to its 7-day average of −0.009%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack DOGE_USDC_PERP | 0.1035 | 0.0100 | pay 0.0013% / 1h | 29m 11s | $349K | $1.2M | 15x |
| Short | Nado DOGE-PERP | 0.1039 | 0.0100 | get 0.0012% / 1h | 29m 11s | $563K | $1.1M | 10x |
Backpack DOGE_USDC_PERP
Nado DOGE-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Nado 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: +0.367% → −0.009%
- $37.6
- Slippage, 4 orders
- −$10.41
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- $10.2
- Costs to cover
- 0.274%
- Break-even
- from the start
Slippage from Backpack: live order book, 5 min ago; Nado: 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 Backpack live order book, 5 min ago | 0.48 bp | 5.9 bp −$6 | 18.8 bp −$188 | doesn't fit | doesn't fit |
| Sell Nado live order book, 4 min ago | 1.43 bp | 8.1 bp −$8 | 18.4 bp −$184 | 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 | 0.1039 | +0.377% | $736K | $6.2M | 2.8x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S 0.0000% | 1h | 0.1038 | +0.221% | $25K | — | 150x | as long as short |
| dYdX DOGE-USD | +0.0013% | 1h | 0.1037 | +0.207% | $233K | $70K | 10x | as long as short |
| Bitget DOGEUSDT | +0.0046% | 8h | 0.1035 | 0.000% | $136.0M | $314.4M | 75x | as long as short |
| Lighter DOGE | +0.0096% | 1h | 0.1037 | +0.146% | $736K | $6.4M | 15x | as long as short |
| Nado DOGE-PERPshort | +0.0100% | 1h | 0.1039 | +0.367% | $563K | $1.1M | 10x | |
| Aster DOGEUSDT | +0.0100% | 8h | 0.1037 | +0.129% | $5.0M | $54.1M | 75x | as long as short |
| Pacifica DOGE | +0.0100% | 1h | 0.1039 | +0.338% | $333K | $518K | 20x | as long as short |
| Binance DOGEUSDT | +0.0100% | 8h | 0.1036 | +0.041% | $344.8M | $1.60B | 75x | as long as short |
| Bybit DOGEUSDT | +0.0100% | 8h | 0.1036 | +0.019% | $171.6M | $492.7M | 75x | as long as short |
Kalshi KXDOGEPERP
gTrade (Gains Network) DOGE/USD
dYdX DOGE-USD
Bitget DOGEUSDT
Lighter DOGE
Aster DOGEUSDT
Pacifica DOGE
Binance DOGEUSDT
Bybit DOGEUSDTShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.1035 | 0.000% | $118.1M | $1.15B | 50x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.1046 | +1.059% | $402K | $16K | 10x | as long as short |
| Gate DOGE_USDT | +0.0100% | 8h | 0.1035 | −0.048% | $256.0M | $144.1M | 75x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.1036 | +0.039% | $115.6M | $242.6M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.1035 | 0.000% | $68.0M | $47.9M | 75x | as long as short |
| BingX DOGE-USDT | +0.0100% | 8h | 0.1036 | +0.019% | — | $79.3M | — | as long as short |
| Backpack DOGE_USDC_PERPlong | +0.0100% | 1h | 0.1035 | long leg | $349K | $1.2M | 15x | |
| Variational Omni DOGE | +0.0100% | 8h | 0.1038 | +0.229% | $1.2M | $8.4M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.1040 | +0.414% | $332K | $135.4M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.1038 | +0.309% | $656K | $4.5M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.1039 | +0.357% | $155K | $327K | 25x | as long as short |
| Polymarket Perps DOGE-USD | +0.0100% | 1h | 0.1038 | +0.232% | $260K | $967K | 10x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.1036 | +0.097% | $73K | $457K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.1036 | +0.090% | $25K | $1K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.1038 | +0.297% | $36K | $2.3M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.1037 | +0.126% | $2K | $5.0M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.1038 | +0.225% | $6.1M | $64.6M | 75x | as long as short |
| Phemex DOGEUSDT | +0.0100% | 8h | 0.1037 | +0.174% | $95.4M | $17.2M | 50x | as long as short |
| Paradex DOGE-USD-PERP | +0.0103% | 8h | 0.1041 | +0.569% | $19K | $7K | 30x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.1036 | +0.072% | $499K | $4.1M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.1037 | +0.159% | $20K | — | 3x | as long as short |
| Katana Perps DOGE-USD | +0.0124% | 8h | 0.1039 | +0.357% | $935 | $495K | 10x | as long as short |
| Reya DOGERUSDPERP | +0.0192% | 1h | 0.1038 | +0.270% | $2K | — | 20x | as long as short |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.1037 | +0.164% | $16.7M | $27.4M | 75x | as long as short |
| Phoenix DOGE | +0.0235% | 1h | 0.1047 | +1.089% | $19K | $292K | 10x | as long as short |
| Kraken Futures PF_DOGEUSD | +0.0243% | 1h | 0.1036 | +0.103% | $5.5M | $38.5M | 50x | as long as short |
| Deribit DOGE_USDC-PERPETUAL | +0.0252% | 1h | 0.1037 | +0.158% | $589K | $246K | 25x | as long as short |
| GMX DOGE/USD [ETH-USDC] | L +0.0260% / S −0.0320% | 1h | 0.1038 | +0.218% | $342K | — | 200x | as long as short |
| 01 Exchange DOGEUSD | +0.0264% | 1h | 0.1039 | +0.404% | $462 | $4K | 10x | as long as short |
| Coinbase International DOGE-PERP-INTX | +0.0304% | 1h | 0.1038 | +0.309% | $2.0M | $33.3M | 50x | as long as short |
| Hyperliquid DOGE | +0.0551% | 1h | 0.1037 | +0.126% | $129.1M | $109.4M | 10x | as long as short |
| Arcus DOGE-USD | +0.0634% | 1h | 0.1040 | +0.435% | $113K | $200K | 10x | as long as short |
| RISEx DOGE/USDC | +0.0728% | 1h | 0.1040 | +0.431% | $420K | $428K | 10x | as long as short |
| Injective DOGE/USDC PERP | +0.1062% | 1h | 0.1053 | +1.710% | $6K | $242K | 12x | as long as short |
OKX DOGE-USDT-SWAP
Bulk DOGE-USD
Gate DOGE_USDT
MEXC DOGE_USDT
KuCoin DOGEUSDTM
BingX DOGE-USDT
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
Katana Perps DOGE-USD
Reya DOGERUSDPERP
BloFin DOGE-USDT
Phoenix DOGE
Kraken Futures PF_DOGEUSD
Deribit DOGE_USDC-PERPETUAL
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