Funding you earn now, next payment 04:00 UTC−0.0067%/8h= −7.3% APRnext payment −$0.08 per $10,000 · paid last 24h −0.052%
Price spread now: Deribit against Coinbase International+0.012%7-day average −0.019% · you sell dearer than you buy
Net, funding: paid 7d − costs−$51as in the Funding arb table
Net, price: spread back to 7d avg − costs−$36as in the Price arb table
costs, in and out, $10k−$390.391% of the position
Funding, last 7 days−0.116%−$12 on $10k
+Price spread, last 4 days (all we have)+0.009%+$1 · spread now +0.012%, 7d avg −0.019%
=The price spread pays, funding is against you. Deribit is 0.030% dearer against Coinbase International than usual: you sell high and buy low (spread +0.012% now, against its 7-day average of −0.019%): +$3 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 36 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International DOGE-PERP-INTX | 0.1028 | 0.0304 | pay 0.0038% / 1h | 25m 21s | $2.0M | $33.0M | 50x |
| Short | Deribit DOGE_USDC-PERPETUAL | 0.1028 | 0.0237 | get 0.0030% / 1h | 25m 21s | $583K | $247K | 25x |
Coinbase International DOGE-PERP-INTX
Deribit DOGE_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against Coinbase International. 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
- −$14.07
- Price spread: +0.012% → −0.019%
- $3.05
- Slippage, 4 orders
- −$22.1
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$50.12
- Costs to cover
- 0.391%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 4 min ago; Deribit: live order book, 28 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 Coinbase International live order book, 4 min ago | 1.93 bp | 9.6 bp −$10 | 16.6 bp −$166 | 56.5 bp −$5,651 | doesn't fit |
| Sell Deribit live order book, 28 min ago | 5.70 bp | 9.7 bp −$10 | 54.4 bp −$544 | 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 | 0.1028 | +0.004% | $709K | $6.3M | 2.8x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S 0.0000% | 1h | 0.1027 | −0.071% | $24K | — | 150x | as long as short |
| dYdX DOGE-USD | +0.0015% | 1h | 0.1028 | +0.015% | $231K | $70K | 10x | as long as short |
| Bitget DOGEUSDT | +0.0055% | 8h | 0.1027 | −0.049% | $134.1M | $315.4M | 75x | as long as short |
| Lighter DOGE | +0.0096% | 1h | 0.1027 | −0.024% | $725K | $6.4M | 15x | as long as short |
| Aster DOGEUSDT | +0.0100% | 8h | 0.1027 | −0.053% | $4.9M | $54.3M | 75x | as long as short |
| Pacifica DOGE | +0.0100% | 1h | 0.1027 | −0.034% | $329K | $518K | 20x | as long as short |
| Binance DOGEUSDT | +0.0100% | 8h | 0.1027 | −0.039% | $340.3M | $1.61B | 75x | as long as short |
| Bybit DOGEUSDT | +0.0100% | 8h | 0.1027 | −0.058% | $168.6M | $495.6M | 75x | as long as short |
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.1027 | −0.010% | $117.4M | $1.15B | 50x | 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 DOGEUSDT
OKX DOGE-USDT-SWAPShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bulk DOGE-USD | +0.0100% | 1h | 0.1046 | +1.817% | $402K | $16K | 10x | as long as short |
| Gate DOGE_USDT | +0.0100% | 8h | 0.1027 | −0.019% | $254.0M | $145.0M | 75x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.1027 | −0.049% | $115.9M | $243.8M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.1027 | −0.039% | $67.5M | $48.1M | 75x | as long as short |
| BingX DOGE-USDC | +0.0100% | 8h | 0.1027 | −0.068% | — | $3.5M | — | as long as short |
| Backpack DOGE_USDC_PERP | +0.0100% | 1h | 0.1027 | −0.078% | $342K | $1.2M | 15x | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.1026 | −0.150% | $1.1M | $8.4M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.1031 | +0.379% | $329K | $135.6M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.1038 | +1.025% | $656K | $4.5M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.1032 | +0.428% | $156K | $329K | 25x | as long as short |
| Nado DOGE-PERP | +0.0100% | 1h | 0.1028 | +0.005% | $557K | $1.1M | 10x | as long as short |
| Polymarket Perps DOGE-USD | +0.0100% | 1h | 0.1027 | −0.078% | $258K | $975K | 10x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.1027 | −0.019% | $69K | $467K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.1027 | −0.020% | $25K | $1K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.1028 | +0.009% | $36K | $2.3M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.1028 | 0.000% | $2K | $5.0M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.1027 | −0.057% | $6.1M | $65.1M | 75x | as long as short |
| Phemex DOGEUSDT | +0.0100% | 8h | 0.1027 | −0.010% | $94.5M | $17.2M | 50x | as long as short |
| Paradex DOGE-USD-PERP | +0.0100% | 8h | 0.1027 | −0.070% | $18K | $7K | 30x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.1027 | −0.043% | $497K | $4.1M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.1028 | −0.008% | $20K | — | 3x | as long as short |
| Katana Perps DOGE-USD | +0.0122% | 8h | 0.1027 | −0.029% | $2K | $496K | 10x | as long as short |
| Reya DOGERUSDPERP | +0.0192% | 1h | 0.1027 | −0.054% | $2K | — | 20x | as long as short |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.1030 | +0.263% | $16.7M | $27.2M | 75x | as long as short |
| Phoenix DOGE | +0.0235% | 1h | 0.1031 | +0.344% | $19K | $292K | 10x | as long as short |
| Deribit DOGE_USDC-PERPETUALshort | +0.0237% | 1h | 0.1028 | +0.012% | $583K | $247K | 25x | |
| Kraken Futures PF_DOGEUSD | +0.0245% | 1h | 0.1027 | −0.031% | $5.5M | $38.7M | 50x | as long as short |
| 01 Exchange DOGEUSD | +0.0256% | 1h | 0.1029 | +0.090% | $457 | $4K | 10x | as long as short |
| GMX DOGE/USD [ETH-USDC] | L +0.0256% / S −0.0309% | 1h | 0.1026 | −0.112% | $331K | — | 200x | as long as short |
| Coinbase International DOGE-PERP-INTXlong | +0.0304% | 1h | 0.1028 | long leg | $2.0M | $33.0M | 50x | |
| Hyperliquid DOGE | +0.0530% | 1h | 0.1028 | +0.049% | $128.2M | $110.1M | 10x | as long as short |
| Arcus DOGE-USD | +0.0634% | 1h | 0.1029 | +0.136% | $112K | $200K | 10x | as long as short |
| RISEx DOGE/USDC | +0.0728% | 1h | 0.1029 | +0.102% | $415K | $428K | 10x | as long as short |
| Injective DOGE/USDC PERP | +0.1062% | 1h | 0.1053 | +2.472% | $6K | $242K | 12x | as long as short |
Bulk DOGE-USD
Gate DOGE_USDT
MEXC DOGE_USDT
KuCoin DOGEUSDTM
BingX DOGE-USDC
Backpack DOGE_USDC_PERP
Variational Omni DOGE
edgeX DOGEUSDC
GRVT DOGE_USDT_Perp
ApeX Omni DOGEUSDT
Nado DOGE-PERP
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
01 Exchange DOGEUSD
GMX DOGE/USD [ETH-USDC]
Hyperliquid DOGE
Arcus DOGE-USD
RISEx DOGE/USDC
Injective DOGE/USDC PERP