Funding you earn now, next payment 06:00 UTC−0.0125%/8h= −13.7% APRpaid last 24h +0.021%
Price spread now: Bybit against Deribit−0.051%7-day average −0.017% · you buy dearer than you sell
Net, funding: paid 7d − costs−$24as in the Funding arb table
Net, price: spread back to 7d avg − costs−$37as in the Price arb table
costs, in and out, $10k−$340.340% of the position
Funding, last 7 days+0.101%+$10 on $10k
+Price spread, last 4 days (all we have)+0.032%+$3 · spread now −0.051%, 7d avg −0.017%
=Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Bybit is 0.033% cheaper against Deribit than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.017%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.101%, 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 | 0.09892 | 0.0225 | pay 0.0028% / 1h | 34m 26s | $562K | $247K | 25x |
| Short | Bybit DOGEUSDT | 0.09887 | 0.0100 | get 0.0100% / 8h | 2h 34m | $162.5M | $516.2M | 75x |
Deribit DOGE_USDC-PERPETUAL
Bybit DOGEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- −$26.25
- Price spread: −0.051% → −0.017%
- −$3.32
- Slippage, 4 orders
- −$16
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$63.57
- Costs to cover
- 0.340%
- Break-even
- never at this rate
Slippage from Deribit: live order book, 14 min ago; Bybit: live order book, 10 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, 14 min ago | 5.00 bp | 8.5 bp −$8 | 15.7 bp −$157 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 10 min ago | 0.50 bp | 7.4 bp −$7 | 11.2 bp −$112 | 21.6 bp −$2,161 | 42.3 bp −$21.2K |
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 | 0.09923 | +0.309% | $639K | $6.4M | 2.8x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S 0.0000% | 1h | 0.09886 | −0.063% | $34K | — | 150x | as long as short |
| dYdX DOGE-USD | +0.0002% | 1h | 0.09895 | +0.031% | $222K | $70K | 10x | as long as short |
| Kraken Futures PF_DOGEUSD | +0.0002% | 1h | 0.09922 | +0.303% | $5.6M | $39.9M | 50x | as long as short |
| Polymarket Perps DOGE-USD | +0.0026% | 1h | 0.09883 | −0.090% | $267K | $1.2M | 10x | as long as short |
| Lighter DOGE | +0.0096% | 1h | 0.09903 | +0.116% | $879K | $6.7M | 15x | as long as short |
| Nado DOGE-PERP | +0.0100% | 1h | 0.09892 | 0.000% | $535K | $1.1M | 10x | as long as short |
| Aster DOGEUSDT | +0.0100% | 8h | 0.09888 | −0.038% | $4.4M | $56.9M | 75x | as long as short |
| Pacifica DOGE | +0.0100% | 1h | 0.09899 | +0.068% | $317K | $516K | 20x | as long as short |
| Binance DOGEUSDT | +0.0100% | 8h | 0.09889 | −0.030% | $322.7M | $1.67B | 75x | as long as short |
Kalshi KXDOGEPERP
gTrade (Gains Network) DOGE/USD
dYdX DOGE-USD
Kraken Futures PF_DOGEUSD
Polymarket Perps DOGE-USD
Lighter DOGE
Nado DOGE-PERP
Aster DOGEUSDT
Pacifica DOGE
Binance DOGEUSDTShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit DOGEUSDTshort | +0.0100% | 8h | 0.09887 | −0.051% | $162.5M | $516.2M | 75x | |
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.09889 | −0.030% | $114.5M | $1.16B | 50x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.09945 | +0.538% | $382K | $16K | 10x | as long as short |
| Gate DOGE_USDT | +0.0100% | 8h | 0.09883 | −0.091% | $246.4M | $151.2M | 75x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.09887 | −0.051% | $109.8M | $252.3M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.09888 | −0.040% | $65.7M | $49.4M | 75x | as long as short |
| Bitget DOGEUSDT | +0.0100% | 8h | 0.09883 | −0.091% | $133.1M | $332.0M | 75x | as long as short |
| BingX DOGE-USDC | +0.0100% | 8h | 0.09882 | −0.101% | — | $3.5M | — | as long as short |
| Backpack DOGE_USDC_PERP | +0.0100% | 1h | 0.09917 | +0.253% | $299K | $1.3M | 15x | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.09898 | +0.060% | $1.1M | $8.7M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.09909 | +0.174% | $304K | $138.6M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.09908 | +0.161% | $629K | $4.7M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.09910 | +0.182% | $147K | $339K | 25x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.09890 | −0.020% | $63K | $469K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.09887 | −0.048% | $18K | $7K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.09928 | +0.361% | $35K | $2.3M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.09924 | +0.323% | $2K | $5.3M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.09921 | +0.288% | $5.9M | $67.6M | 75x | as long as short |
| Phemex DOGEUSDT | +0.0100% | 8h | 0.09924 | +0.323% | $91.3M | $17.1M | 50x | as long as short |
| Paradex DOGE-USD-PERP | +0.0100% | 8h | 0.09898 | +0.062% | $18K | $5K | 30x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.09893 | +0.009% | $482K | $4.1M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.09889 | −0.025% | $19K | — | 3x | as long as short |
| Katana Perps DOGE-USD | +0.0112% | 8h | 0.09888 | −0.040% | $2K | $524K | 10x | as long as short |
| Hyperliquid DOGE | +0.0116% | 1h | 0.09893 | +0.013% | $123.2M | $114.7M | 10x | as long as short |
| 01 Exchange DOGEUSD | +0.0176% | 1h | 0.09897 | +0.047% | $440 | $4K | 10x | as long as short |
| Reya DOGERUSDPERP | +0.0194% | 1h | 0.09884 | −0.077% | $2K | — | 20x | as long as short |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.09925 | +0.334% | $16.0M | $26.8M | 75x | as long as short |
| Deribit DOGE_USDC-PERPETUALlong | +0.0225% | 1h | 0.09892 | long leg | $562K | $247K | 25x | |
| Arcus DOGE-USD | +0.0231% | 1h | 0.09907 | +0.152% | $107K | $207K | 10x | as long as short |
| Phoenix DOGE | +0.0240% | 1h | 0.09920 | +0.278% | $18K | $382K | 10x | as long as short |
| GMX DOGE/USD [ETH-USDC] | L +0.0250% / S −0.0287% | 1h | 0.09885 | −0.076% | $316K | — | 200x | as long as short |
| Coinbase International DOGE-PERP-INTX | +0.0304% | 1h | 0.09921 | +0.293% | $2.0M | $33.8M | 50x | as long as short |
| RISEx DOGE/USDC | +0.0686% | 1h | 0.09902 | +0.101% | $399K | $442K | 10x | as long as short |
| Injective DOGE/USDC PERP | +0.1217% | 1h | 0.1053 | +6.450% | $6K | $242K | 12x | as long as short |
OKX DOGE-USDT-SWAP
Bulk DOGE-USD
Gate DOGE_USDT
MEXC DOGE_USDT
KuCoin DOGEUSDTM
Bitget DOGEUSDT
BingX DOGE-USDC
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
Paradex DOGE-USD-PERP
Extended DOGE-USD
Aevo DOGE-PERP
Katana Perps DOGE-USD
Hyperliquid DOGE
01 Exchange DOGEUSD
Reya DOGERUSDPERP
BloFin DOGE-USDT
Arcus DOGE-USD
Phoenix DOGE
GMX DOGE/USD [ETH-USDC]
Coinbase International DOGE-PERP-INTX
RISEx DOGE/USDC
Injective DOGE/USDC PERP