Funding you earn now, next payment 03:00 UTC+0.0781%/8h= +85.5% APRnext payment +$0.98 per $10,000 · paid last 24h +0.003%
Price spread now: Arcus against dYdX+0.126%7-day average +0.019% · 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−$83as in the Price arb table
costs, in and out, $10k−$940.935% of the position
Funding, last 4 days (all we have)+0.009%+$1 on $10k
+Price spread, last 4 days (all we have)−0.255%−$25 · spread now +0.126%, 7d avg +0.019%
=Both sides work for this trade now. Funding pays +$23 a day on $10k at the current rate, and Arcus is 0.107% dearer against dYdX than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of +0.019%.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.009% in total (about 0.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.98 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | dYdX DOGE-USD | 0.09915 | 0 | get 0.0000% / 1h | 7m 14s | $223K | $49K | 10x |
| Short | Arcus DOGE-USD | 0.09927 | 0.0781 | get 0.0098% / 1h | 7m 14s | $117K | $189K | 10x |
dYdX DOGE-USD
Arcus DOGE-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Arcus against dYdX. 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
- $163.91
- Price spread: +0.126% → +0.019%
- $10.67
- Slippage, 4 orders
- −$79.02
- Fee dYdX: 5 bp × 2 orders
- −$10
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Net
- $81.06
- Costs to cover
- 0.935%
- Break-even
- 3.5 days
Slippage from dYdX: live order book, 57 min ago; Arcus: live order book, 52 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 dYdX live order book, 57 min ago | 33.36 bp | 40.8 bp −$41 | 123.6 bp −$1,236 | 172.1 bp −$17.2K | 181.7 bp −$90.9K |
| Sell Arcus live order book, 52 min ago | 3.00 bp | 8.1 bp −$8 | 26.2 bp −$262 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget DOGEUSDT | −0.0073% | 8h | 0.09903 | −0.116% | $149.8M | $274.1M | 75x | as long as short |
| dYdX DOGE-USDlong | 0.0000% | 1h | 0.09915 | long leg | $223K | $49K | 10x | |
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.09918 | +0.033% | $429K | $5.2M | 2.8x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S 0.0000% | 1h | 0.09916 | +0.015% | $24K | — | 150x | as long as short |
| Deribit DOGE_USDC-PERPETUAL | +0.0012% | 1h | 0.09911 | −0.030% | $592K | $118K | 25x | as long as short |
| Lighter DOGE | +0.0096% | 1h | 0.09918 | +0.034% | $768K | $6.2M | 15x | as long as short |
| Katana Perps DOGE-USD | +0.0100% | 8h | 0.09915 | +0.005% | $896 | $444K | 10x | as long as short |
| Nado DOGE-PERP | +0.0100% | 1h | 0.09913 | −0.020% | $532K | $997K | 10x | as long as short |
| Aster DOGEUSDT | +0.0100% | 8h | 0.09912 | −0.030% | $4.7M | $48.7M | 75x | as long as short |
| Pacifica DOGE | +0.0100% | 1h | 0.09920 | +0.059% | $326K | $484K | 20x | as long as short |
Bitget DOGEUSDT
Kalshi KXDOGEPERP
gTrade (Gains Network) DOGE/USD
Deribit DOGE_USDC-PERPETUAL
Lighter DOGE
Katana Perps DOGE-USD
Nado DOGE-PERP
Aster DOGEUSDT
Pacifica DOGEShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance DOGEUSDT | +0.0100% | 8h | 0.09911 | −0.035% | $317.0M | $1.44B | 75x | as long as short |
| Bybit DOGEUSDT | +0.0100% | 8h | 0.09910 | −0.046% | $159.6M | $440.6M | 75x | as long as short |
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.09912 | −0.025% | $110.6M | $984.9M | 50x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.09966 | +0.519% | $382K | $0 | 10x | as long as short |
| Gate DOGE_USDT | +0.0100% | 8h | 0.09906 | −0.086% | $242.3M | $133.9M | 75x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.09911 | −0.035% | $111.0M | $231.8M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.09911 | −0.035% | $65.6M | $43.4M | 75x | as long as short |
| BingX DOGE-USDT | +0.0100% | 8h | 0.09910 | −0.046% | — | $76.3M | — | as long as short |
| Backpack DOGE_USDC_PERP | +0.0100% | 1h | 0.09908 | −0.066% | $325K | $1.1M | 15x | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.09931 | +0.162% | $982K | $8.2M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.09941 | +0.270% | $296K | $128.5M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.09944 | +0.301% | $633K | $4.4M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.09940 | +0.257% | $145K | $281K | 25x | as long as short |
| Polymarket Perps DOGE-USD | +0.0100% | 1h | 0.09906 | −0.088% | $252K | $749K | 10x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.09915 | +0.005% | $70K | $438K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.09914 | −0.007% | $24K | $1K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.09922 | +0.071% | $35K | $2.2M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.09910 | −0.046% | $2K | $3.9M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.09906 | −0.083% | $5.9M | $56.8M | 75x | as long as short |
| Phemex DOGEUSDT | +0.0100% | 8h | 0.09913 | −0.015% | $91.2M | $16.6M | 50x | as long as short |
| Paradex DOGE-USD-PERP | +0.0102% | 8h | 0.09922 | +0.075% | $18K | $6K | 30x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.09906 | −0.082% | $499K | $4.1M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.09910 | −0.051% | $19K | — | 3x | as long as short |
| Reya DOGERUSDPERP | +0.0188% | 1h | 0.09911 | −0.040% | $2K | — | 20x | as long as short |
| 01 Exchange DOGEUSD | +0.0216% | 1h | 0.09919 | +0.045% | $529 | $4K | 10x | as long as short |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.09908 | −0.066% | $15.5M | $25.0M | 75x | as long as short |
| Phoenix DOGE | +0.0240% | 1h | 0.09962 | +0.483% | $65K | $288K | 10x | as long as short |
| GMX DOGE/USD [ETH-USDC] | L +0.0246% / S −0.0269% | 1h | 0.09914 | −0.006% | $310K | — | 200x | as long as short |
| Coinbase International DOGE-PERP-INTX | +0.0248% | 1h | 0.09917 | +0.025% | $2.3M | $26.4M | 50x | as long as short |
| Kraken Futures PF_DOGEUSD | +0.0309% | 1h | 0.09910 | −0.043% | $5.7M | $35.3M | 50x | as long as short |
| Hyperliquid DOGE | +0.0506% | 1h | 0.09920 | +0.056% | $120.9M | $99.4M | 10x | as long as short |
| RISEx DOGE/USDC | +0.0747% | 1h | 0.09918 | +0.040% | $401K | $389K | 10x | as long as short |
| Arcus DOGE-USDshort | +0.0781% | 1h | 0.09927 | +0.126% | $117K | $189K | 10x | |
| Injective DOGE/USDC PERP | +0.1072% | 1h | 0.09960 | +0.459% | $5K | $239K | 12x | as long as short |
Binance DOGEUSDT
Bybit DOGEUSDT
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
Paradex DOGE-USD-PERP
Extended DOGE-USD
Aevo DOGE-PERP
Reya DOGERUSDPERP
01 Exchange DOGEUSD
BloFin DOGE-USDT
Phoenix DOGE
GMX DOGE/USD [ETH-USDC]
Coinbase International DOGE-PERP-INTX
Kraken Futures PF_DOGEUSD
Hyperliquid DOGE
RISEx DOGE/USDC
Injective DOGE/USDC PERP