Funding you earn now, next payment 23:00 UTC+0.0283%/8h= +31.0% APRnext payment +$0.35 per $10,000 · paid last 24h +0.017%
Price spread now: Backpack against Extended+0.037%7-day average +0.033% · you sell dearer than you buy
Net, funding: paid 7d − costs−$23as in the Funding arb table
Net, price: spread back to 7d avg − costs−$23as in the Price arb table
costs, in and out, $10k−$230.230% of the position
Funding, last 7 days−0.004%$0 on $10k
+Price spread, last 4 days (all we have)−0.050%−$5 · spread now +0.037%, 7d avg +0.033%
=Together, before fees−0.053%+ Points / potential airdropExtended: Active · farm board−$5 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.033%, so right now this pair is about funding alone: +$8 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.004% in total (about -0.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.35 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 | Extended DOGE-USD | 0.09977 | 0.0104 | pay 0.0013% / 1h | 31m 54s | $552K | $3.6M | 50x |
| Short | Backpack DOGE_USDC_PERP | 0.09981 | 0.0387 | get 0.0048% / 1h | 31m 54s | $533K | $952K | 15x |
Extended DOGE-USD
Backpack DOGE_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Extended. 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
- $59.42
- Price spread: +0.037% → +0.033%
- $0.4
- Slippage, 4 orders
- −$7.96
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- $36.87
- Costs to cover
- 0.230%
- Break-even
- 2.7 days
Slippage from Extended: live order book, 2 min ago; Backpack: 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 Extended live order book, 2 min ago | 0.50 bp | 3.9 bp −$4 | 4.0 bp −$40 | 10.8 bp −$1,084 | doesn't fit |
| Sell Backpack live order book, 52 min ago | 0.50 bp | 5.9 bp −$6 | 12.3 bp −$123 | 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 | −0.0269% | 8h | 0.09981 | +0.037% | $152.4M | $265.6M | 75x | as long as short |
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.09982 | +0.049% | $415K | $4.7M | 2.8x | as long as short |
| Deribit DOGE_USDC-PERPETUAL | 0.0000% | 1h | 0.09978 | +0.010% | $604K | $109K | 25x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S −0.0001% | 1h | 0.09976 | −0.011% | $32K | — | 150x | as long as short |
| dYdX DOGE-USD | +0.0008% | 1h | 0.09992 | +0.146% | $224K | $44K | 10x | as long as short |
| Phoenix DOGE | +0.0081% | 1h | 0.1003 | +0.574% | $19K | $222K | 10x | as long as short |
| Gate DOGE_USDT | +0.0087% | 8h | 0.09979 | +0.017% | $240.0M | $123.3M | 75x | as long as short |
| Lighter DOGE | +0.0096% | 1h | 0.09982 | +0.050% | $781K | $5.4M | 15x | as long as short |
| Katana Perps DOGE-USD | +0.0096% | 8h | 0.09976 | −0.013% | $2K | $364K | 10x | as long as short |
| Nado DOGE-PERP | +0.0100% | 1h | 0.09969 | −0.078% | $590K | $838K | 10x | as long as short |
Bitget DOGEUSDT
Kalshi KXDOGEPERP
Deribit DOGE_USDC-PERPETUAL
gTrade (Gains Network) DOGE/USD
dYdX DOGE-USD
Phoenix DOGE
Gate DOGE_USDT
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 | |
|---|---|---|---|---|---|---|---|---|
| Aster DOGEUSDT | +0.0100% | 8h | 0.09978 | +0.012% | $5.1M | $43.1M | 75x | as long as short |
| Pacifica DOGE | +0.0100% | 1h | 0.1000 | +0.238% | $335K | $503K | 20x | as long as short |
| Binance DOGEUSDT | +0.0100% | 8h | 0.09986 | +0.082% | $318.6M | $1.32B | 75x | as long as short |
| Bybit DOGEUSDT | +0.0100% | 8h | 0.09987 | +0.097% | $159.9M | $416.4M | 75x | as long as short |
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.09991 | +0.137% | $108.7M | $922.3M | 50x | as long as short |
| Arcus DOGE-USD | +0.0100% | 1h | 0.09994 | +0.167% | $28K | $76K | 10x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.1017 | +1.953% | $390K | $17K | 10x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.09983 | +0.057% | $109.1M | $216.5M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.09979 | +0.017% | $65.1M | $40.1M | 75x | as long as short |
| BingX DOGE-USDT | +0.0100% | 8h | 0.09987 | +0.097% | — | $74.4M | — | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.1007 | +0.963% | $994K | $7.8M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.1006 | +0.828% | $280K | $115.1M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.1006 | +0.879% | $634K | $4.5M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.1007 | +0.929% | $147K | $243K | 25x | as long as short |
| Polymarket Perps DOGE-USD | +0.0100% | 1h | 0.09970 | −0.077% | $268K | $539K | 10x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.09975 | −0.023% | $73K | $432K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.09975 | −0.024% | $24K | $1K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.09982 | +0.045% | $35K | $2.2M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.09977 | −0.003% | $2K | $3.6M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.09986 | +0.084% | $6.0M | $49.8M | 75x | as long as short |
| Phemex DOGEUSDT | +0.0100% | 8h | 0.09982 | +0.047% | $92.5M | $19.1M | 50x | as long as short |
| Paradex DOGE-USD-PERP | +0.0101% | 8h | 0.09993 | +0.159% | $18K | $5K | 30x | as long as short |
| Extended DOGE-USDlong | +0.0104% | 1h | 0.09977 | long leg | $552K | $3.6M | 50x | |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.09990 | +0.124% | $19K | — | 3x | as long as short |
| Reya DOGERUSDPERP | +0.0176% | 1h | 0.09970 | −0.069% | $2K | — | 20x | as long as short |
| 01 Exchange DOGEUSD | +0.0184% | 1h | 0.09986 | +0.090% | $527 | $4K | 10x | as long as short |
| Coinbase International DOGE-PERP-INTX | +0.0216% | 1h | 0.09992 | +0.147% | $2.0M | $23.3M | 50x | as long as short |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.1001 | +0.328% | $15.4M | $24.9M | 75x | as long as short |
| GMX DOGE/USD [ETH-USDC] | L +0.0245% / S −0.0270% | 1h | 0.09973 | −0.039% | $312K | — | 200x | as long as short |
| Kraken Futures PF_DOGEUSD | +0.0365% | 1h | 0.09986 | +0.092% | $6.0M | $32.6M | 50x | as long as short |
| Backpack DOGE_USDC_PERPshort | +0.0387% | 1h | 0.09981 | +0.037% | $533K | $952K | 15x | |
| Hyperliquid DOGE | +0.0411% | 1h | 0.1000 | +0.227% | $110.3M | $82.4M | 10x | as long as short |
| RISEx DOGE/USDC | +0.0702% | 1h | 0.09990 | +0.127% | $313K | $477K | 10x | as long as short |
| Injective DOGE/USDC PERP | +0.0966% | 1h | 0.1004 | +0.628% | $5K | $207K | 12x | as long as short |
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-USDT
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
Aevo DOGE-PERP
Reya DOGERUSDPERP
01 Exchange DOGEUSD
Coinbase International DOGE-PERP-INTX
BloFin DOGE-USDT
GMX DOGE/USD [ETH-USDC]
Kraken Futures PF_DOGEUSD
Hyperliquid DOGE
RISEx DOGE/USDC
Injective DOGE/USDC PERP