Funding you earn now, next payment 10:00 UTC−0.0120%/8h= −13.1% APRpaid last 24h −0.009%
Price spread now: Backpack against BloFin−0.203%66s7-day average −0.018% · you buy dearer than you sell
Net, funding: paid 7d − costs−$43as 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−$260.261% of the position
Funding, last 7 days−0.170%−$17 on $10k
+Price spread, last 4 days (all we have)+0.174%+$17 · spread now −0.203%, 7d avg −0.018%
=Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Backpack is 0.185% cheaper against BloFin than usual: you would sell low and buy high (−$18 if the spread goes back to its 7-day average of −0.018%). Swap the legs. The two prices were read 66 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin DOGE-USDT | 0.09865 | 0.0220 | pay 0.0220% / 8h | 6h 19m | $15.4M | $26.0M | 75x |
| Short | Backpack DOGE_USDC_PERP | 0.09845 | 0.0100 | get 0.0013% / 1h | 19m 21s | $312K | $1.2M | 15x |
BloFin DOGE-USDT
Backpack DOGE_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against BloFin. 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
- −$25.2
- Price spread: −0.203% → −0.018%
- −$18.46
- Slippage, 4 orders
- −$4.07
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$69.73
- Costs to cover
- 0.261%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 3 min ago; Backpack: live order book, 3 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 BloFin live order book, 3 min ago | 1.01 bp | 7.0 bp −$7 | 9.3 bp −$93 | 17.0 bp −$1,699 | 31.9 bp −$16.0K |
| Sell Backpack live order book, 3 min ago | 0.51 bp | 5.5 bp −$6 | 15.4 bp −$154 | doesn't fit | doesn't fit |
DOGE on 43 exchanges
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 | −0.0052% | 1h | 0.09842 | −0.236% | $5.3M | $40.1M | 50x | as long as short |
| Bitget DOGEUSDT | −0.0038% | 8h | 0.09834 | −0.314% | $139.2M | $346.1M | 75x | as long as short |
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.09853 | −0.120% | $493K | $6.4M | 2.8x | as long as short |
| Gate DOGE_USDT | +0.0001% | 8h | 0.09837 | −0.284% | $252.5M | $148.5M | 75x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S 0.0000% | 1h | 0.09839 | −0.267% | $33K | — | 150x | as long as short |
| Injective DOGE/USDC PERP | +0.0033% | 1h | 0.1053 | +6.741% | $6K | $240K | 12x | as long as short |
| Bybit DOGEUSDT | +0.0038% | 8h | 0.09836 | −0.294% | $165.9M | $509.5M | 75x | as long as short |
| Deribit DOGE_USDC-PERPETUAL | +0.0055% | 1h | 0.09844 | −0.213% | $551K | $297K | 25x | as long as short |
| Lighter DOGE | +0.0096% | 1h | 0.09850 | −0.151% | $814K | $6.5M | 15x | as long as short |
| Katana Perps DOGE-USD | +0.0100% | 8h | 0.09839 | −0.264% | $1K | $539K | 10x | as long as short |
Kraken Futures PF_DOGEUSD
Bitget DOGEUSDT
Kalshi KXDOGEPERP
Gate DOGE_USDT
gTrade (Gains Network) DOGE/USD
Injective DOGE/USDC PERP
Bybit DOGEUSDT
Deribit DOGE_USDC-PERPETUAL
Lighter DOGE
Katana Perps DOGE-USDShow all 43 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Nado DOGE-PERP | +0.0100% | 1h | 0.09839 | −0.258% | $505K | $1.1M | 10x | as long as short |
| Hyperliquid DOGE | +0.0100% | 1h | 0.09848 | −0.171% | $122.2M | $111.4M | 10x | as long as short |
| Aster DOGEUSDT | +0.0100% | 8h | 0.09841 | −0.241% | $4.9M | $57.8M | 75x | as long as short |
| Pacifica DOGE | +0.0100% | 1h | 0.09842 | −0.228% | $315K | $467K | 20x | as long as short |
| Binance DOGEUSDT | +0.0100% | 8h | 0.09843 | −0.223% | $324.9M | $1.65B | 75x | as long as short |
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.09842 | −0.233% | $115.8M | $1.13B | 50x | as long as short |
| Arcus DOGE-USD | +0.0100% | 1h | 0.09844 | −0.213% | $17K | $307K | 10x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.09868 | +0.032% | $377K | $2K | 10x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.09842 | −0.233% | $111.7M | $257.0M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.09841 | −0.243% | $65.3M | $47.6M | 75x | as long as short |
| BingX DOGE-USDC | +0.0100% | 8h | 0.09839 | −0.264% | — | $3.5M | — | as long as short |
| Backpack DOGE_USDC_PERPshort | +0.0100% | 1h | 0.09845 | −0.203% | $312K | $1.2M | 15x | |
| Variational Omni DOGE | +0.0100% | 8h | 0.09845 | −0.198% | $1.2M | $7.9M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.09860 | −0.052% | $258K | $133.9M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.09856 | −0.091% | $629K | $4.0M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.09860 | −0.051% | $139K | $346K | 25x | as long as short |
| Polymarket Perps DOGE-USD | +0.0100% | 1h | 0.09835 | −0.308% | $245K | $1.2M | 10x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.09842 | −0.233% | $68K | $422K | 50x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.09845 | −0.204% | $34K | $2.0M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.09842 | −0.233% | $2K | $5.4M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.09852 | −0.130% | $6.0M | $66.2M | 75x | as long as short |
| Phemex DOGEUSDT | +0.0100% | 8h | 0.09845 | −0.203% | $89.8M | $15.8M | 50x | as long as short |
| Paradex DOGE-USD-PERP | +0.0100% | 8h | 0.09837 | −0.280% | $18K | $5K | 30x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.09835 | −0.299% | $482K | $4.0M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.09840 | −0.253% | $19K | — | 3x | as long as short |
| Phoenix DOGE | +0.0161% | 1h | 0.09852 | −0.135% | $18K | $355K | 10x | as long as short |
| 01 Exchange DOGEUSD | +0.0176% | 1h | 0.09845 | −0.208% | $453 | $4K | 10x | as long as short |
| Reya DOGERUSDPERP | +0.0205% | 1h | 0.09842 | −0.230% | $2K | — | 20x | as long as short |
| GMX DOGE/USD [ETH-USDC] | L +0.0211% / S −0.0184% | 1h | 0.09840 | −0.257% | $286K | — | 200x | as long as short |
| BloFin DOGE-USDTlong | +0.0220% | 8h | 0.09865 | long leg | $15.4M | $26.0M | 75x | |
| Coinbase International DOGE-PERP-INTX | +0.0240% | 1h | 0.09843 | −0.223% | $2.2M | $34.4M | 50x | as long as short |
| dYdX DOGE-USD | +0.0245% | 1h | 0.09842 | −0.233% | $231K | $67K | 10x | as long as short |
| RISEx DOGE/USDC | +0.0565% | 1h | 0.09856 | −0.091% | $409K | $448K | 10x | as long as short |
Nado DOGE-PERP
Hyperliquid DOGE
Aster DOGEUSDT
Pacifica DOGE
Binance 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
SunX DOGE-USDT
SoDEX DOGE-USD
HTX DOGE-USDT
Phemex DOGEUSDT
Paradex DOGE-USD-PERP
Extended DOGE-USD
Aevo DOGE-PERP
Phoenix DOGE
01 Exchange DOGEUSD
Reya DOGERUSDPERP
GMX DOGE/USD [ETH-USDC]
Coinbase International DOGE-PERP-INTX
dYdX DOGE-USD
RISEx DOGE/USDC