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: Backpack against Bulk+0.119%7-day average −0.019% · 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−$15as in the Price arb table
costs, in and out, $10k−$280.285% of the position
Funding, last 4 days (all we have)+0.009%+$1 on $10k
+Price spread, last 4 days (all we have)−0.097%−$10 · spread now +0.119%, 7d avg −0.019%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Backpack is 0.139% dearer against Bulk than usual: you sell high and buy low, +$14 on $10k if it goes back to its 7-day average of −0.019%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bulk DOGE-USD | 0.09908 | 0.0100 | pay 0.0013% / 1h | 18m 02s | $378K | $2K | 10x |
| Short | Backpack DOGE_USDC_PERP | 0.09920 | 0.0100 | get 0.0013% / 1h | 18m 02s | $302K | $1.3M | 15x |
Bulk DOGE-USD
Backpack DOGE_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Bulk. 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: +0.119% → −0.019%
- $13.86
- Slippage, 4 orders
- −$11.49
- Fee Bulk: 3.5 bp × 2 orders
- −$7
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$14.64
- Costs to cover
- 0.285%
- Break-even
- never at this rate
Slippage from Bulk: live order book, 16 min ago; Backpack: live order book, 1 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 Bulk live order book, 16 min ago | 5.09 bp | 8.6 bp −$9 | 8.6 bp −$86 | 17.4 bp −$1,740 | 35.1 bp −$17.6K |
| Sell Backpack live order book, 1 min ago | 0.50 bp | 5.8 bp −$6 | 23.1 bp −$231 | 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 | 0.09923 | +0.153% | $5.5M | $40.9M | 50x | as long as short |
| Bitget DOGEUSDT | −0.0015% | 8h | 0.09908 | −0.002% | $140.4M | $347.0M | 75x | as long as short |
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.09909 | +0.004% | $513K | $6.6M | 2.8x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S 0.0000% | 1h | 0.09913 | +0.051% | $33K | — | 150x | as long as short |
| Injective DOGE/USDC PERP | +0.0033% | 1h | 0.1053 | +6.276% | $6K | $242K | 12x | as long as short |
| Phoenix DOGE | +0.0081% | 1h | 0.09887 | −0.211% | $18K | $386K | 10x | as long as short |
| Gate DOGE_USDT | +0.0081% | 8h | 0.09915 | +0.069% | $250.5M | $155.7M | 75x | as long as short |
| Lighter DOGE | +0.0096% | 1h | 0.09931 | +0.232% | $825K | $6.8M | 15x | as long as short |
| Katana Perps DOGE-USD | +0.0100% | 8h | 0.09903 | −0.052% | $827 | $542K | 10x | as long as short |
| Nado DOGE-PERP | +0.0100% | 1h | 0.09907 | −0.017% | $511K | $1.1M | 10x | as long as short |
Kraken Futures PF_DOGEUSD
Bitget DOGEUSDT
Kalshi KXDOGEPERP
gTrade (Gains Network) DOGE/USD
Injective DOGE/USDC PERP
Phoenix DOGE
Gate DOGE_USDT
Lighter DOGE
Katana Perps DOGE-USD
Nado DOGE-PERPShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid DOGE | +0.0100% | 1h | 0.09924 | +0.165% | $123.7M | $116.6M | 10x | as long as short |
| Aster DOGEUSDT | +0.0100% | 8h | 0.09913 | +0.049% | $5.1M | $58.7M | 75x | as long as short |
| Pacifica DOGE | +0.0100% | 1h | 0.09907 | −0.013% | $322K | $478K | 20x | as long as short |
| Binance DOGEUSDT | +0.0100% | 8h | 0.09917 | +0.092% | $327.2M | $1.71B | 75x | as long as short |
| Bybit DOGEUSDT | +0.0100% | 8h | 0.09907 | −0.012% | $165.5M | $522.7M | 75x | as long as short |
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.09910 | +0.018% | $115.0M | $1.19B | 50x | as long as short |
| Arcus DOGE-USD | +0.0100% | 1h | 0.09908 | −0.002% | $16K | $306K | 10x | as long as short |
| Bulk DOGE-USDlong | +0.0100% | 1h | 0.09908 | long leg | $378K | $2K | 10x | |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.09913 | +0.049% | $116.9M | $264.5M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.09912 | +0.039% | $65.7M | $49.2M | 75x | as long as short |
| BingX DOGE-USDT | +0.0100% | 8h | 0.09909 | +0.008% | — | $53.2M | — | as long as short |
| Backpack DOGE_USDC_PERPshort | +0.0100% | 1h | 0.09920 | +0.119% | $302K | $1.3M | 15x | |
| Variational Omni DOGE | +0.0100% | 8h | 0.09898 | −0.102% | $1.1M | $8.4M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.09888 | −0.203% | $262K | $139.6M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.09897 | −0.111% | $633K | $4.2M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.09890 | −0.183% | $141K | $348K | 25x | as long as short |
| Polymarket Perps DOGE-USD | +0.0100% | 1h | 0.09910 | +0.018% | $258K | $1.2M | 10x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.09919 | +0.109% | $71K | $461K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.09809 | −1.004% | $18K | $7K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.09922 | +0.142% | $35K | $2.2M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.09921 | +0.129% | $2K | $5.5M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.09920 | +0.119% | $5.9M | $69.2M | 75x | as long as short |
| Phemex DOGEUSDT | +0.0100% | 8h | 0.09920 | +0.119% | $90.6M | $16.4M | 50x | as long as short |
| Paradex DOGE-USD-PERP | +0.0100% | 8h | 0.09903 | −0.053% | $18K | $5K | 30x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.09904 | −0.041% | $481K | $4.0M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.09920 | +0.118% | $19K | — | 3x | as long as short |
| Deribit DOGE_USDC-PERPETUAL | +0.0153% | 1h | 0.09923 | +0.154% | $555K | $301K | 25x | as long as short |
| GMX DOGE/USD [ETH-USDC] | L +0.0166% / S −0.0120% | 1h | 0.09912 | +0.036% | $330K | — | 200x | as long as short |
| Reya DOGERUSDPERP | +0.0203% | 1h | 0.09906 | −0.017% | $2K | — | 20x | as long as short |
| Coinbase International DOGE-PERP-INTX | +0.0208% | 1h | 0.09912 | +0.039% | $2.2M | $35.2M | 50x | as long as short |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.09897 | −0.113% | $15.4M | $26.9M | 75x | as long as short |
| 01 Exchange DOGEUSD | +0.0224% | 1h | 0.09913 | +0.051% | $456 | $4K | 10x | as long as short |
| dYdX DOGE-USD | +0.0415% | 1h | 0.09903 | −0.050% | $233K | $72K | 10x | as long as short |
| RISEx DOGE/USDC | +0.0717% | 1h | 0.09912 | +0.040% | $399K | $450K | 10x | as long as short |
Hyperliquid DOGE
Aster DOGEUSDT
Pacifica DOGE
Binance DOGEUSDT
Bybit DOGEUSDT
OKX DOGE-USDT-SWAP
Arcus DOGE-USD
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
Deribit DOGE_USDC-PERPETUAL
GMX DOGE/USD [ETH-USDC]
Reya DOGERUSDPERP
Coinbase International DOGE-PERP-INTX
BloFin DOGE-USDT
01 Exchange DOGEUSD
dYdX DOGE-USD
RISEx DOGE/USDC