Funding you earn now, next payment 03:00 UTC+0.0972%/8h= +106.4% APRpaid last 24h +0.202%
Price spread now: Injective against Bybit+0.704%78s7-day average +0.207% · you sell dearer than you buy
Net, funding: paid 7d − costs+$85as 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−$730.733% of the position
Funding, last 7 days+1.580%+$158 on $10k
+Price spread, last 3 days (all we have)−0.656%−$66 · spread now +0.704%, 7d avg +0.207%
=Both sides work for this trade now. Funding pays +$29 a day on $10k at the current rate, and Injective is 0.497% dearer against Bybit than usual: you sell high and buy low: +$50 more if the spread goes back to its 7-day average of +0.207%. The two prices were read 78 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 | Bybit DOGEUSDT | 0.09940 | 0.0100 | pay 0.0100% / 8h | 5h 58m | $159.0M | $436.8M | 75x |
| Short | Injective DOGE/USDC PERP | 0.1001 | 0.1072 | get 0.0134% / 1h | 58m 05s | $5K | $239K | 12x |
Bybit DOGEUSDT
Injective DOGE/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against Bybit. 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
- $204.09
- Price spread: +0.704% → +0.207%
- $49.71
- Slippage, 4 orders
- −$62.32
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $180.47
- Costs to cover
- 0.733%
- Break-even
- 0.8 days
Slippage from Bybit: live order book, 1 min ago; Injective: live order book, 6 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 Bybit live order book, 1 min ago | 0.50 bp | 6.6 bp −$7 | 10.1 bp −$101 | 21.8 bp −$2,175 | 41.9 bp −$21.0K |
| Sell Injective live order book, 6 min ago | 29.97 bp | 30.0 bp −$30 | doesn't fit | doesn't fit | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget DOGEUSDT | −0.0093% | 8h | 0.09940 | 0.000% | $150.6M | $273.2M | 75x | as long as short |
| dYdX DOGE-USD | 0.0000% | 1h | 0.09975 | +0.347% | $224K | $49K | 10x | as long as short |
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.09978 | +0.378% | $394K | $5.0M | 2.8x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S 0.0000% | 1h | 0.09965 | +0.248% | $23K | — | 150x | as long as short |
| Lighter DOGE | +0.0096% | 1h | 0.09978 | +0.380% | $811K | $6.1M | 15x | as long as short |
| Katana Perps DOGE-USD | +0.0099% | 8h | 0.09974 | +0.342% | $834 | $429K | 10x | as long as short |
| Nado DOGE-PERP | +0.0100% | 1h | 0.09964 | +0.236% | $531K | $988K | 10x | as long as short |
| Aster DOGEUSDT | +0.0100% | 8h | 0.09969 | +0.288% | $4.6M | $48.1M | 75x | as long as short |
| Pacifica DOGE | +0.0100% | 1h | 0.09977 | +0.371% | $328K | $482K | 20x | as long as short |
| Binance DOGEUSDT | +0.0100% | 8h | 0.09946 | +0.065% | $317.2M | $1.43B | 75x | as long as short |
Bitget DOGEUSDT
dYdX DOGE-USD
Kalshi KXDOGEPERP
gTrade (Gains Network) DOGE/USD
Lighter DOGE
Katana Perps DOGE-USD
Nado DOGE-PERP
Aster DOGEUSDT
Pacifica DOGE
Binance DOGEUSDTShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit DOGEUSDTlong | +0.0100% | 8h | 0.09940 | long leg | $159.0M | $436.8M | 75x | |
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.09942 | +0.020% | $110.9M | $977.8M | 50x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.1002 | +0.762% | $384K | $5K | 10x | as long as short |
| Gate DOGE_USDT | +0.0100% | 8h | 0.09950 | +0.101% | $241.5M | $130.7M | 75x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.09954 | +0.141% | $113.3M | $228.2M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.09967 | +0.272% | $65.9M | $43.1M | 75x | as long as short |
| BingX DOGE-USDT | +0.0100% | 8h | 0.09949 | +0.091% | — | $76.4M | — | as long as short |
| Backpack DOGE_USDC_PERP | +0.0100% | 1h | 0.09955 | +0.151% | $333K | $1.1M | 15x | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.09973 | +0.330% | $995K | $8.2M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.09978 | +0.381% | $295K | $129.7M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.09982 | +0.418% | $627K | $4.4M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.09980 | +0.402% | $146K | $273K | 25x | as long as short |
| Polymarket Perps DOGE-USD | +0.0100% | 1h | 0.09972 | +0.322% | $256K | $695K | 10x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.09966 | +0.262% | $70K | $440K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.09966 | +0.266% | $24K | $1K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.09969 | +0.296% | $35K | $2.2M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.09969 | +0.292% | $2K | $3.8M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.09960 | +0.196% | $5.9M | $55.5M | 75x | as long as short |
| Phemex DOGEUSDT | +0.0100% | 8h | 0.09960 | +0.201% | $91.7M | $16.9M | 50x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.09940 | +0.002% | $558K | $4.0M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.09965 | +0.251% | $19K | — | 3x | as long as short |
| Paradex DOGE-USD-PERP | +0.0106% | 8h | 0.09977 | +0.374% | $18K | $6K | 30x | as long as short |
| Deribit DOGE_USDC-PERPETUAL | +0.0141% | 1h | 0.09969 | +0.291% | $596K | $118K | 25x | as long as short |
| Reya DOGERUSDPERP | +0.0185% | 1h | 0.09966 | +0.265% | $2K | — | 20x | as long as short |
| Phoenix DOGE | +0.0241% | 1h | 0.1000 | +0.607% | $65K | $281K | 10x | as long as short |
| GMX DOGE/USD [ETH-USDC] | L +0.0245% / S −0.0267% | 1h | 0.09963 | +0.234% | $310K | — | 200x | as long as short |
| Coinbase International DOGE-PERP-INTX | +0.0248% | 1h | 0.09973 | +0.332% | $2.3M | $25.7M | 50x | as long as short |
| 01 Exchange DOGEUSD | +0.0256% | 1h | 0.09981 | +0.410% | $532 | $4K | 10x | as long as short |
| Kraken Futures PF_DOGEUSD | +0.0307% | 1h | 0.09966 | +0.265% | $5.8M | $34.7M | 50x | as long as short |
| Hyperliquid DOGE | +0.0359% | 1h | 0.09959 | +0.194% | $121.1M | $99.5M | 10x | as long as short |
| RISEx DOGE/USDC | +0.0747% | 1h | 0.09982 | +0.418% | $402K | $367K | 10x | as long as short |
| Arcus DOGE-USD | +0.0781% | 1h | 0.09988 | +0.483% | $128K | $179K | 10x | as long as short |
| Injective DOGE/USDC PERPshort | +0.1072% | 1h | 0.1001 | +0.704% | $5K | $239K | 12x |
OKX DOGE-USDT-SWAP
Bulk DOGE-USD
Gate DOGE_USDT
MEXC DOGE_USDT
KuCoin DOGEUSDTM
BingX DOGE-USDT
Backpack DOGE_USDC_PERP
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
Extended DOGE-USD
Aevo DOGE-PERP
Paradex DOGE-USD-PERP
Deribit DOGE_USDC-PERPETUAL
Reya DOGERUSDPERP
Phoenix DOGE
GMX DOGE/USD [ETH-USDC]
Coinbase International DOGE-PERP-INTX
01 Exchange DOGEUSD
Kraken Futures PF_DOGEUSD
Hyperliquid DOGE
RISEx DOGE/USDC
Arcus DOGE-USD