Funding you earn now, next payment 09:00 UTC−0.0058%/8h= −6.4% APRnext payment −$0.07 per $10,000 · paid last 24h +0.011%
Price spread now: Polymarket Perps against Deribit+0.018%7-day average −0.027% · you sell dearer than you buy
Net, funding: paid 7d − costs−$59as in the Funding arb table
Net, price: spread back to 7d avg − costs−$37as in the Price arb table
costs, in and out, $10k−$420.416% of the position
Funding, last 7 days−0.173%−$17 on $10k
+Price spread, last 4 days (all we have)−0.034%−$3 · spread now +0.018%, 7d avg −0.027%
=The price spread pays, funding is against you. Polymarket Perps is 0.045% dearer against Deribit than usual: you sell high and buy low (spread +0.018% now, against its 7-day average of −0.027%): +$5 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 2.6 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit DOGE_USDC-PERPETUAL | 0.09804 | 0.0158 | pay 0.0020% / 1h | 27m 01s | $555K | $298K | 25x |
| Short | Polymarket Perps DOGE-USD | 0.09806 | 0.0100 | get 0.0013% / 1h | 27m 01s | $255K | $1.2M | 10x |
Deribit DOGE_USDC-PERPETUAL
Polymarket Perps DOGE-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket Perps 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
- −$12.18
- Price spread: +0.018% → −0.027%
- $4.52
- Slippage, 4 orders
- −$26.58
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$49.24
- Costs to cover
- 0.416%
- Break-even
- never at this rate
Slippage from Deribit: live order book, 7 min ago; Polymarket Perps: live order book, 36 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, 7 min ago | 3.56 bp | 17.8 bp −$18 | 22.3 bp −$223 | doesn't fit | doesn't fit |
| Sell Polymarket Perps live order book, 36 min ago | 2.88 bp | 6.9 bp −$7 | 7.2 bp −$72 | 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 | −0.0097% | 1h | 0.09803 | −0.015% | $5.4M | $40.7M | 50x | as long as short |
| Bitget DOGEUSDT | −0.0015% | 8h | 0.09798 | −0.063% | $138.9M | $347.1M | 75x | as long as short |
| Gate DOGE_USDT | −0.0008% | 8h | 0.09803 | −0.012% | $247.6M | $154.6M | 75x | as long as short |
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.09812 | +0.081% | $537K | $6.6M | 2.8x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S 0.0000% | 1h | 0.09788 | −0.164% | $33K | — | 150x | as long as short |
| Injective DOGE/USDC PERP | +0.0033% | 1h | 0.1053 | +7.403% | $6K | $242K | 12x | as long as short |
| Phoenix DOGE | +0.0081% | 1h | 0.09816 | +0.117% | $18K | $386K | 10x | as long as short |
| Lighter DOGE | +0.0096% | 1h | 0.09811 | +0.072% | $816K | $6.8M | 15x | as long as short |
| Katana Perps DOGE-USD | +0.0100% | 8h | 0.09797 | −0.073% | $2K | $545K | 10x | as long as short |
| Nado DOGE-PERP | +0.0100% | 1h | 0.09802 | −0.017% | $501K | $1.1M | 10x | as long as short |
Kraken Futures PF_DOGEUSD
Bitget DOGEUSDT
Gate DOGE_USDT
Kalshi KXDOGEPERP
gTrade (Gains Network) DOGE/USD
Injective DOGE/USDC PERP
Phoenix DOGE
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 | 0.09813 | +0.088% | $122.3M | $117.1M | 10x | as long as short |
| Aster DOGEUSDT | +0.0100% | 8h | 0.09811 | +0.070% | $4.9M | $58.9M | 75x | as long as short |
| Pacifica DOGE | +0.0100% | 1h | 0.09813 | +0.089% | $318K | $481K | 20x | as long as short |
| Binance DOGEUSDT | +0.0100% | 8h | 0.09808 | +0.040% | $323.7M | $1.71B | 75x | as long as short |
| Bybit DOGEUSDT | +0.0100% | 8h | 0.09801 | −0.033% | $162.8M | $523.0M | 75x | as long as short |
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.09805 | +0.008% | $113.5M | $1.18B | 50x | as long as short |
| Arcus DOGE-USD | +0.0100% | 1h | 0.09806 | +0.018% | $16K | $306K | 10x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.09784 | −0.204% | $374K | $2K | 10x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.09801 | −0.033% | $115.6M | $261.5M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.09801 | −0.033% | $65.1M | $49.1M | 75x | as long as short |
| BingX DOGE-USDC | +0.0100% | 8h | 0.09800 | −0.043% | — | $3.5M | — | as long as short |
| Backpack DOGE_USDC_PERP | +0.0100% | 1h | 0.09806 | +0.018% | $302K | $1.3M | 15x | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.09822 | +0.180% | $1.0M | $8.4M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.09824 | +0.203% | $298K | $139.4M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.09821 | +0.171% | $617K | $4.4M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.09830 | +0.263% | $140K | $347K | 25x | as long as short |
| Polymarket Perps DOGE-USDshort | +0.0100% | 1h | 0.09806 | +0.018% | $255K | $1.2M | 10x | |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.09799 | −0.053% | $70K | $465K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.09809 | +0.046% | $18K | $7K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.09808 | +0.035% | $34K | $2.2M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.09803 | −0.012% | $2K | $5.4M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.09806 | +0.014% | $5.8M | $69.0M | 75x | as long as short |
| Phemex DOGEUSDT | +0.0100% | 8h | 0.09809 | +0.049% | $89.6M | $16.5M | 50x | as long as short |
| Paradex DOGE-USD-PERP | +0.0100% | 8h | 0.09806 | +0.018% | $18K | $5K | 30x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.09797 | −0.072% | $476K | $4.1M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.09800 | −0.043% | $19K | — | 3x | as long as short |
| Deribit DOGE_USDC-PERPETUALlong | +0.0158% | 1h | 0.09804 | long leg | $555K | $298K | 25x | |
| GMX DOGE/USD [ETH-USDC] | L +0.0166% / S −0.0068% | 1h | 0.09806 | +0.020% | $351K | — | 200x | as long as short |
| Reya DOGERUSDPERP | +0.0202% | 1h | 0.09803 | −0.009% | $2K | — | 20x | as long as short |
| Coinbase International DOGE-PERP-INTX | +0.0208% | 1h | 0.09808 | +0.039% | $1.9M | $34.6M | 50x | as long as short |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.09809 | +0.049% | $15.5M | $26.7M | 75x | as long as short |
| 01 Exchange DOGEUSD | +0.0224% | 1h | 0.09810 | +0.062% | $452 | $4K | 10x | as long as short |
| dYdX DOGE-USD | +0.0505% | 1h | 0.09812 | +0.078% | $230K | $74K | 10x | as long as short |
| RISEx DOGE/USDC | +0.0717% | 1h | 0.09786 | −0.186% | $394K | $449K | 10x | as long as short |
Hyperliquid DOGE
Aster DOGEUSDT
Pacifica DOGE
Binance DOGEUSDT
Bybit DOGEUSDT
OKX DOGE-USDT-SWAP
Arcus DOGE-USD
Bulk DOGE-USD
MEXC DOGE_USDT
KuCoin DOGEUSDTM
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
GMX DOGE/USD [ETH-USDC]
Reya DOGERUSDPERP
Coinbase International DOGE-PERP-INTX
BloFin DOGE-USDT
01 Exchange DOGEUSD
dYdX DOGE-USD
RISEx DOGE/USDC