Funding you earn now, next payment 05:00 UTC−0.0156%/8h= −17.1% APRpaid last 24h −0.038%
Price spread now: Orderly against GMX−0.009%7-day average −0.034% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.145%−$15 on $10k
+Price spread, last 4 days (all we have)−0.063%−$6 · spread now −0.009%, 7d avg −0.034%
=The price spread pays, funding is against you. Orderly is 0.025% dearer against GMX than usual: you sell high and buy low (spread −0.009% now, against its 7-day average of −0.034%): +$3 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 13 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX DOGE/USD [ETH-USDC] | 0.1023 | L +0.0256% / S −0.0309% | pay 0.0032% / 1h | 20m 56s | $331K | — | 200x |
| Short | Orderly PERP_DOGE_USDC | 0.1023 | 0.0100 | get 0.0100% / 8h | 3h 20m | $69K | $468K | 50x |
GMX DOGE/USD [ETH-USDC]
Orderly PERP_DOGE_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly 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
- −$32.75
- Price spread: −0.009% → −0.034%
- $2.52
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$48.23
- Costs to cover
- 0.180%
- Break-even
- never at this rate
Slippage unknown: GMX: no order-book sample; Orderly: no order-book sample. 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 Orderly no order-book sample | — | — | — | — | — |
GMX and Orderly: 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 | |
|---|---|---|---|---|---|---|---|---|
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.1024 | +0.052% | $692K | $6.3M | 2.8x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S 0.0000% | 1h | 0.1023 | 0.000% | $24K | — | 150x | as long as short |
| dYdX DOGE-USD | +0.0024% | 1h | 0.1024 | +0.100% | $230K | $70K | 10x | as long as short |
| Bitget DOGEUSDT | +0.0063% | 8h | 0.1023 | −0.009% | $133.4M | $316.3M | 75x | as long as short |
| Lighter DOGE | +0.0096% | 1h | 0.1024 | +0.050% | $760K | $6.5M | 15x | as long as short |
| Nado DOGE-PERP | +0.0100% | 1h | 0.1024 | +0.084% | $556K | $1.1M | 10x | as long as short |
| Aster DOGEUSDT | +0.0100% | 8h | 0.1023 | −0.019% | $4.9M | $54.7M | 75x | as long as short |
| Pacifica DOGE | +0.0100% | 1h | 0.1025 | +0.151% | $328K | $518K | 20x | as long as short |
| Binance DOGEUSDT | +0.0100% | 8h | 0.1023 | −0.018% | $337.0M | $1.61B | 75x | as long as short |
| Bybit DOGEUSDT | +0.0100% | 8h | 0.1023 | −0.067% | $167.3M | $498.5M | 75x | as long as short |
Kalshi KXDOGEPERP
gTrade (Gains Network) DOGE/USD
dYdX DOGE-USD
Bitget DOGEUSDT
Lighter DOGE
Nado DOGE-PERP
Aster DOGEUSDT
Pacifica DOGE
Binance DOGEUSDT
Bybit DOGEUSDTShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.1023 | −0.019% | $116.4M | $1.15B | 50x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.1029 | +0.607% | $395K | $16K | 10x | as long as short |
| Gate DOGE_USDT | +0.0100% | 8h | 0.1023 | −0.067% | $253.1M | $146.0M | 75x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.1023 | +0.011% | $115.3M | $245.1M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.1023 | +0.021% | $67.3M | $48.2M | 75x | as long as short |
| BingX DOGE-USDC | +0.0100% | 8h | 0.1023 | −0.019% | — | $3.5M | — | as long as short |
| Backpack DOGE_USDC_PERP | +0.0100% | 1h | 0.1022 | −0.097% | $341K | $1.2M | 15x | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.1023 | −0.041% | $1.1M | $8.4M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.1029 | +0.546% | $330K | $136.0M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.1027 | +0.363% | $649K | $4.5M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.1030 | +0.656% | $155K | $330K | 25x | as long as short |
| Polymarket Perps DOGE-USD | +0.0100% | 1h | 0.1023 | +0.011% | $258K | $983K | 10x | as long as short |
| Orderly PERP_DOGE_USDCshort | +0.0100% | 8h | 0.1023 | −0.009% | $69K | $468K | 50x | |
| Derive DOGE-PERP | +0.0100% | 1h | 0.1023 | −0.010% | $25K | $1K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.1024 | +0.036% | $36K | $2.3M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.1023 | +0.001% | $2K | $5.1M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.1023 | +0.019% | $6.0M | $65.4M | 75x | as long as short |
| Phemex DOGEUSDT | +0.0100% | 8h | 0.1023 | −0.019% | $94.0M | $17.3M | 50x | as long as short |
| Paradex DOGE-USD-PERP | +0.0100% | 8h | 0.1024 | +0.117% | $18K | $7K | 30x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.1023 | −0.041% | $494K | $4.1M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.1023 | +0.006% | $20K | — | 3x | as long as short |
| Katana Perps DOGE-USD | +0.0121% | 8h | 0.1025 | +0.157% | $1K | $498K | 10x | as long as short |
| Reya DOGERUSDPERP | +0.0192% | 1h | 0.1024 | +0.022% | $2K | — | 20x | as long as short |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.1024 | +0.050% | $16.8M | $27.1M | 75x | as long as short |
| Deribit DOGE_USDC-PERPETUAL | +0.0229% | 1h | 0.1024 | +0.033% | $581K | $247K | 25x | as long as short |
| Phoenix DOGE | +0.0235% | 1h | 0.1023 | +0.003% | $19K | $292K | 10x | as long as short |
| Kraken Futures PF_DOGEUSD | +0.0246% | 1h | 0.1023 | −0.003% | $5.5M | $38.9M | 50x | as long as short |
| GMX DOGE/USD [ETH-USDC]long | L +0.0256% / S −0.0309% | 1h | 0.1023 | long leg | $331K | — | 200x | |
| 01 Exchange DOGEUSD | +0.0256% | 1h | 0.1026 | +0.233% | $456 | $4K | 10x | as long as short |
| Coinbase International DOGE-PERP-INTX | +0.0304% | 1h | 0.1024 | +0.050% | $2.1M | $33.4M | 50x | as long as short |
| Hyperliquid DOGE | +0.0498% | 1h | 0.1023 | +0.021% | $127.7M | $110.6M | 10x | as long as short |
| Arcus DOGE-USD | +0.0634% | 1h | 0.1026 | +0.284% | $111K | $203K | 10x | as long as short |
| RISEx DOGE/USDC | +0.0728% | 1h | 0.1026 | +0.243% | $414K | $428K | 10x | as long as short |
| Injective DOGE/USDC PERP | +0.1062% | 1h | 0.1053 | +2.903% | $6K | $242K | 12x | as long as short |
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
Polymarket Perps DOGE-USD
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
Reya DOGERUSDPERP
BloFin DOGE-USDT
Deribit DOGE_USDC-PERPETUAL
Phoenix DOGE
Kraken Futures PF_DOGEUSD
01 Exchange DOGEUSD
Coinbase International DOGE-PERP-INTX
Hyperliquid DOGE
Arcus DOGE-USD
RISEx DOGE/USDC
Injective DOGE/USDC PERP