Funding you earn now, next payment 07:00 UTC−0.0151%/8h= −16.5% APRpaid last 24h −0.037%
Price spread now: Bybit against GMX+0.011%7-day average −0.034% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.149%−$15 on $10k
+Price spread, last 4 days (all we have)−0.055%−$5 · spread now +0.011%, 7d avg −0.034%
=The price spread pays, funding is against you. Bybit is 0.045% dearer against GMX than usual: you sell high and buy low (spread +0.011% now, against its 7-day average of −0.034%): +$4 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 24 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX DOGE/USD [ETH-USDC] | 0.10000 | L +0.0251% / S −0.0297% | pay 0.0031% / 1h | 3m 27s | $315K | — | 200x |
| Short | Bybit DOGEUSDT | 0.1000 | 0.0100 | get 0.0100% / 8h | 1h 03m | $164.7M | $521.6M | 75x |
GMX DOGE/USD [ETH-USDC]
Bybit DOGEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against GMX. 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
- −$31.63
- Price spread: +0.011% → −0.034%
- $4.45
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$50.17
- Costs to cover
- 0.230%
- Break-even
- never at this rate
Slippage unknown: GMX: no order-book sample; Bybit: live order book, 6 min ago. Net counts fees only.
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 GMX no order-book sample | — | — | — | — | — |
| Sell Bybit live order book, 6 min ago | 0.50 bp | 6.6 bp −$7 | 9.2 bp −$92 | 19.9 bp −$1,985 | 38.6 bp −$19.3K |
GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.0082% | 1h | 0.1001 | +0.067% | $5.6M | $40.5M | 50x | as long as short |
| dYdX DOGE-USD | 0.0000% | 1h | 0.1001 | +0.079% | $225K | $69K | 10x | as long as short |
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.1001 | +0.082% | $614K | $6.6M | 2.8x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S 0.0000% | 1h | 0.1000 | +0.017% | $36K | — | 150x | as long as short |
| Injective DOGE/USDC PERP | +0.0033% | 1h | 0.1053 | +5.301% | $6K | $242K | 12x | as long as short |
| Bitget DOGEUSDT | +0.0039% | 8h | 0.09997 | −0.029% | $141.9M | $344.3M | 75x | as long as short |
| Polymarket Perps DOGE-USD | +0.0049% | 1h | 0.1000 | +0.041% | $263K | $1.2M | 10x | as long as short |
| Phoenix DOGE | +0.0080% | 1h | 0.1002 | +0.232% | $18K | $382K | 10x | as long as short |
| Lighter DOGE | +0.0096% | 1h | 0.1002 | +0.173% | $849K | $6.8M | 15x | as long as short |
| Nado DOGE-PERP | +0.0100% | 1h | 0.1001 | +0.061% | $539K | $1.1M | 10x | as long as short |
Kraken Futures PF_DOGEUSD
dYdX DOGE-USD
Kalshi KXDOGEPERP
gTrade (Gains Network) DOGE/USD
Injective DOGE/USDC PERP
Bitget DOGEUSDT
Polymarket Perps DOGE-USD
Phoenix DOGE
Lighter DOGE
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 | 0.1001 | +0.053% | $4.6M | $58.8M | 75x | as long as short |
| Pacifica DOGE | +0.0100% | 1h | 0.1001 | +0.101% | $319K | $501K | 20x | as long as short |
| Binance DOGEUSDT | +0.0100% | 8h | 0.1000 | +0.046% | $330.3M | $1.72B | 75x | as long as short |
| Bybit DOGEUSDTshort | +0.0100% | 8h | 0.1000 | +0.011% | $164.7M | $521.6M | 75x | |
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.1001 | +0.071% | $117.3M | $1.21B | 50x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.1001 | +0.068% | $384K | $16K | 10x | as long as short |
| Gate DOGE_USDT | +0.0100% | 8h | 0.1000 | +0.001% | $250.2M | $157.7M | 75x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.1001 | +0.051% | $112.6M | $258.8M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.1001 | +0.061% | $66.9M | $50.0M | 75x | as long as short |
| BingX DOGE-USDC | +0.0100% | 8h | 0.1001 | +0.051% | — | $3.5M | — | as long as short |
| Backpack DOGE_USDC_PERP | +0.0100% | 1h | 0.1001 | +0.091% | $303K | $1.3M | 15x | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.1001 | +0.138% | $1.1M | $8.7M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.1001 | +0.146% | $304K | $140.2M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.1001 | +0.111% | $631K | $4.6M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.1002 | +0.201% | $146K | $341K | 25x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.1000 | +0.041% | $70K | $470K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.1000 | +0.025% | $19K | $7K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.1001 | +0.115% | $35K | $2.3M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.1001 | +0.071% | $2K | $5.4M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.1001 | +0.124% | $5.9M | $69.0M | 75x | as long as short |
| Phemex DOGEUSDT | +0.0100% | 8h | 0.1001 | +0.091% | $91.7M | $17.1M | 50x | as long as short |
| Paradex DOGE-USD-PERP | +0.0100% | 8h | 0.1001 | +0.087% | $18K | $5K | 30x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.1000 | +0.047% | $488K | $4.1M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.1001 | +0.061% | $19K | — | 3x | as long as short |
| Katana Perps DOGE-USD | +0.0107% | 8h | 0.1001 | +0.081% | $836 | $536K | 10x | as long as short |
| Hyperliquid DOGE | +0.0115% | 1h | 0.1001 | +0.111% | $124.6M | $116.9M | 10x | as long as short |
| Reya DOGERUSDPERP | +0.0198% | 1h | 0.1000 | +0.014% | $2K | — | 20x | as long as short |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.1002 | +0.211% | $16.3M | $27.2M | 75x | as long as short |
| Deribit DOGE_USDC-PERPETUAL | +0.0240% | 1h | 0.1001 | +0.069% | $574K | $252K | 25x | as long as short |
| Coinbase International DOGE-PERP-INTX | +0.0240% | 1h | 0.1001 | +0.081% | $1.9M | $34.8M | 50x | as long as short |
| GMX DOGE/USD [ETH-USDC]long | L +0.0251% / S −0.0297% | 1h | 0.10000 | long leg | $315K | — | 200x | |
| 01 Exchange DOGEUSD | +0.0264% | 1h | 0.1002 | +0.185% | $446 | $4K | 10x | as long as short |
| Arcus DOGE-USD | +0.0387% | 1h | 0.1001 | +0.081% | $17K | $308K | 10x | as long as short |
| RISEx DOGE/USDC | +0.0626% | 1h | 0.1002 | +0.171% | $403K | $458K | 10x | as long as short |
Aster DOGEUSDT
Pacifica DOGE
Binance DOGEUSDT
OKX DOGE-USDT-SWAP
Bulk DOGE-USD
Gate DOGE_USDT
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
Katana Perps DOGE-USD
Hyperliquid DOGE
Reya DOGERUSDPERP
BloFin DOGE-USDT
Deribit DOGE_USDC-PERPETUAL
Coinbase International DOGE-PERP-INTX
01 Exchange DOGEUSD
Arcus DOGE-USD
RISEx DOGE/USDC