Funding you earn now, next payment 03:00 UTC−0.0011%/8h= −1.2% APRnext payment −$0.01 per $10,000 · paid last 24h +0.032%
Price spread now: Bulk against Deribit+0.460%7-day average +0.008% · 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−$350.352% of the position
Funding, last 4 days (all we have)+0.103%+$10 on $10k
+Price spread, last 3 days (all we have)−0.453%−$45 · spread now +0.460%, 7d avg +0.008%
=The price spread pays, funding is against you. Bulk is 0.452% dearer against Deribit than usual: you sell high and buy low (spread +0.460% now, against its 7-day average of +0.008%): +$45 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 5 months. Mind the row above: over the last 4 days funding on this pair paid +0.103%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit DOGE_USDC-PERPETUAL | 0.09970 | 0.0111 | pay 0.0014% / 1h | 59m 18s | $596K | $118K | 25x |
| Short | Bulk DOGE-USD | 0.1002 | 0.0100 | get 0.0013% / 1h | 59m 18s | $384K | $5K | 10x |
Deribit DOGE_USDC-PERPETUAL
Bulk DOGE-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bulk against Deribit. 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
- −$2.31
- Price spread: +0.460% → +0.008%
- $45.25
- Slippage, 4 orders
- −$21.19
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Bulk: 3.5 bp × 2 orders
- −$7
- Net
- $7.75
- Costs to cover
- 0.352%
- Break-even
- from the start
Slippage from Deribit: live order book, 5 min ago; Bulk: live order book, 5 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 Deribit live order book, 5 min ago | 5.00 bp | 8.5 bp −$9 | 17.2 bp −$172 | doesn't fit | doesn't fit |
| Sell Bulk live order book, 5 min ago | 4.99 bp | 8.5 bp −$8 | 8.5 bp −$85 | 16.7 bp −$1,670 | 28.5 bp −$14.3K |
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 | |
|---|---|---|---|---|---|---|---|---|
| Polymarket Perps DOGE-USD | −0.0296% | 1h | 0.09963 | −0.072% | $256K | $695K | 10x | as long as short |
| Bitget DOGEUSDT | −0.0093% | 8h | 0.09961 | −0.089% | $150.8M | $273.1M | 75x | as long as short |
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.09959 | −0.109% | $393K | $5.0M | 2.8x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S 0.0000% | 1h | 0.09964 | −0.057% | $23K | — | 150x | as long as short |
| dYdX DOGE-USD | +0.0009% | 1h | 0.09970 | −0.002% | $224K | $49K | 10x | as long as short |
| Lighter DOGE | +0.0096% | 1h | 0.09987 | +0.169% | $816K | $6.1M | 15x | as long as short |
| Katana Perps DOGE-USD | +0.0099% | 8h | 0.09960 | −0.099% | $832 | $429K | 10x | as long as short |
| Aster DOGEUSDT | +0.0100% | 8h | 0.09960 | −0.097% | $4.6M | $48.1M | 75x | as long as short |
| Pacifica DOGE | +0.0100% | 1h | 0.09976 | +0.057% | $328K | $482K | 20x | as long as short |
| Binance DOGEUSDT | +0.0100% | 8h | 0.09967 | −0.024% | $317.8M | $1.43B | 75x | as long as short |
Polymarket Perps DOGE-USD
Bitget DOGEUSDT
Kalshi KXDOGEPERP
gTrade (Gains Network) DOGE/USD
dYdX DOGE-USD
Lighter DOGE
Katana Perps DOGE-USD
Aster DOGEUSDT
Pacifica DOGE
Binance DOGEUSDTShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit DOGEUSDT | +0.0100% | 8h | 0.09968 | −0.019% | $159.3M | $436.6M | 75x | as long as short |
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.09972 | +0.021% | $110.7M | $980.8M | 50x | as long as short |
| Arcus DOGE-USD | +0.0100% | 1h | 0.09972 | +0.021% | $128K | $179K | 10x | as long as short |
| Bulk DOGE-USDshort | +0.0100% | 1h | 0.1002 | +0.460% | $384K | $5K | 10x | |
| Gate DOGE_USDT | +0.0100% | 8h | 0.09963 | −0.069% | $242.0M | $130.6M | 75x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.09965 | −0.049% | $113.4M | $228.2M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.09960 | −0.099% | $65.9M | $43.1M | 75x | as long as short |
| BingX DOGE-USDT | +0.0100% | 8h | 0.09967 | −0.029% | — | $76.4M | — | as long as short |
| Backpack DOGE_USDC_PERP | +0.0100% | 1h | 0.09949 | −0.210% | $334K | $1.1M | 15x | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.09973 | +0.029% | $995K | $8.2M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.09978 | +0.080% | $295K | $129.7M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.09982 | +0.117% | $627K | $4.4M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.09980 | +0.101% | $146K | $273K | 25x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.09967 | −0.029% | $70K | $440K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.09968 | −0.019% | $24K | $1K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.09975 | +0.055% | $35K | $2.2M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.09970 | +0.001% | $2K | $3.8M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.09973 | +0.027% | $5.9M | $55.5M | 75x | as long as short |
| Phemex DOGEUSDT | +0.0100% | 8h | 0.09979 | +0.091% | $91.9M | $16.9M | 50x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.09968 | −0.018% | $560K | $4.0M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.09969 | −0.010% | $19K | — | 3x | as long as short |
| Paradex DOGE-USD-PERP | +0.0106% | 8h | 0.09971 | +0.016% | $18K | $6K | 30x | as long as short |
| Deribit DOGE_USDC-PERPETUALlong | +0.0111% | 1h | 0.09970 | long leg | $596K | $118K | 25x | |
| Reya DOGERUSDPERP | +0.0185% | 1h | 0.09964 | −0.062% | $2K | — | 20x | as long as short |
| Hyperliquid DOGE | +0.0202% | 1h | 0.09972 | +0.026% | $121.2M | $99.5M | 10x | as long as short |
| Nado DOGE-PERP | +0.0221% | 1h | 0.09966 | −0.039% | $531K | $988K | 10x | as long as short |
| Phoenix DOGE | +0.0241% | 1h | 0.1000 | +0.305% | $65K | $281K | 10x | as long as short |
| GMX DOGE/USD [ETH-USDC] | L +0.0245% / S −0.0267% | 1h | 0.09964 | −0.060% | $310K | — | 200x | as long as short |
| Coinbase International DOGE-PERP-INTX | +0.0248% | 1h | 0.09978 | +0.081% | $2.3M | $25.8M | 50x | as long as short |
| 01 Exchange DOGEUSD | +0.0272% | 1h | 0.09966 | −0.038% | $531 | $4K | 10x | as long as short |
| Kraken Futures PF_DOGEUSD | +0.0306% | 1h | 0.09979 | +0.089% | $5.8M | $34.7M | 50x | as long as short |
| RISEx DOGE/USDC | +0.0747% | 1h | 0.09966 | −0.038% | $401K | $367K | 10x | as long as short |
| Injective DOGE/USDC PERP | +0.1072% | 1h | 0.1001 | +0.402% | $5K | $239K | 12x | as long as short |
Bybit DOGEUSDT
OKX DOGE-USDT-SWAP
Arcus 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
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
Reya DOGERUSDPERP
Hyperliquid DOGE
Nado DOGE-PERP
Phoenix DOGE
GMX DOGE/USD [ETH-USDC]
Coinbase International DOGE-PERP-INTX
01 Exchange DOGEUSD
Kraken Futures PF_DOGEUSD
RISEx DOGE/USDC
Injective DOGE/USDC PERP