Funding you earn now, next payment 03:00 UTC+0.0001%/8h= +0.1% APRpaid last 24h +0.028%
Price spread now: Backpack against Katana Perps−0.190%7-day average +0.002% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)+0.041%+$4 on $10k
+Price spread, last 4 days (all we have)+0.128%+$13 · spread now −0.190%, 7d avg +0.002%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Backpack is 0.192% cheaper against Katana Perps than usual: you would sell low and buy high, −$19 on $10k if it goes back to its 7-day average of +0.002%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Katana Perps DOGE-USD | 0.09974 | 0.0099 | pay 0.0099% / 8h | 5h 57m | $834 | $429K | 10x |
| Short | Backpack DOGE_USDC_PERP | 0.09955 | 0.0100 | get 0.0013% / 1h | 57m 46s | $333K | $1.1M | 15x |
Katana Perps DOGE-USD
Backpack DOGE_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Katana Perps. 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
- $0.16
- Price spread: −0.190% → +0.002%
- −$19.22
- Slippage, 4 orders
- no order book: not counted
- Fee Katana Perps: 1.9 bp × 2 orders
- −$3.8
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$32.87
- Costs to cover
- 0.138%
- Break-even
- 1467.8 days
Slippage unknown: Katana Perps: no order-book sample; Backpack: live order book, 1 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 Katana Perps no order-book sample | — | — | — | — | — |
| Sell Backpack live order book, 1 min ago | 0.50 bp | 7.8 bp −$8 | 395.0 bp −$3,950 | doesn't fit | doesn't fit |
Katana Perps: 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 43 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 | −0.0092% | 8h | 0.09936 | −0.381% | $150.5M | $273.2M | 75x | as long as short |
| dYdX DOGE-USD | 0.0000% | 1h | 0.09937 | −0.367% | $223K | $49K | 10x | as long as short |
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.09978 | +0.036% | $394K | $5.0M | 2.8x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S 0.0000% | 1h | 0.09965 | −0.093% | $23K | — | 150x | as long as short |
| Lighter DOGE | +0.0096% | 1h | 0.09955 | −0.191% | $809K | $6.1M | 15x | as long as short |
| Katana Perps DOGE-USDlong | +0.0099% | 8h | 0.09974 | long leg | $834 | $429K | 10x | |
| Nado DOGE-PERP | +0.0100% | 1h | 0.09964 | −0.105% | $531K | $988K | 10x | as long as short |
| Aster DOGEUSDT | +0.0100% | 8h | 0.09947 | −0.270% | $4.6M | $48.1M | 75x | as long as short |
| Pacifica DOGE | +0.0100% | 1h | 0.09947 | −0.273% | $327K | $482K | 20x | as long as short |
| Binance DOGEUSDT | +0.0100% | 8h | 0.09944 | −0.301% | $317.1M | $1.43B | 75x | as long as short |
Bitget DOGEUSDT
dYdX DOGE-USD
Kalshi KXDOGEPERP
gTrade (Gains Network) DOGE/USD
Lighter DOGE
Nado DOGE-PERP
Aster DOGEUSDT
Pacifica DOGE
Binance DOGEUSDTShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit DOGEUSDT | +0.0100% | 8h | 0.09943 | −0.311% | $159.0M | $436.9M | 75x | as long as short |
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.09945 | −0.291% | $110.7M | $977.4M | 50x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.1002 | +0.419% | $384K | $5K | 10x | as long as short |
| Gate DOGE_USDT | +0.0100% | 8h | 0.09940 | −0.341% | $241.1M | $130.8M | 75x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.09944 | −0.301% | $113.0M | $228.2M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.09945 | −0.291% | $65.8M | $43.1M | 75x | as long as short |
| BingX DOGE-USDT | +0.0100% | 8h | 0.09946 | −0.281% | — | $76.4M | — | as long as short |
| Backpack DOGE_USDC_PERPshort | +0.0100% | 1h | 0.09955 | −0.190% | $333K | $1.1M | 15x | |
| Variational Omni DOGE | +0.0100% | 8h | 0.09973 | −0.012% | $995K | $8.2M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.09978 | +0.039% | $295K | $129.7M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.09982 | +0.076% | $627K | $4.4M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.09980 | +0.060% | $146K | $273K | 25x | as long as short |
| Polymarket Perps DOGE-USD | +0.0100% | 1h | 0.09972 | −0.020% | $256K | $695K | 10x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.09966 | −0.080% | $70K | $440K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.09966 | −0.076% | $24K | $1K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.09969 | −0.046% | $35K | $2.2M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.09969 | −0.050% | $2K | $3.8M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.09960 | −0.145% | $5.9M | $55.5M | 75x | as long as short |
| Phemex DOGEUSDT | +0.0100% | 8h | 0.09960 | −0.140% | $91.7M | $16.9M | 50x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.09940 | −0.339% | $558K | $4.0M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.09965 | −0.091% | $19K | — | 3x | as long as short |
| Paradex DOGE-USD-PERP | +0.0106% | 8h | 0.09941 | −0.329% | $18K | $6K | 30x | as long as short |
| Deribit DOGE_USDC-PERPETUAL | +0.0141% | 1h | 0.09969 | −0.051% | $596K | $118K | 25x | as long as short |
| Reya DOGERUSDPERP | +0.0185% | 1h | 0.09966 | −0.077% | $2K | — | 20x | as long as short |
| Phoenix DOGE | +0.0241% | 1h | 0.1000 | +0.264% | $65K | $281K | 10x | as long as short |
| GMX DOGE/USD [ETH-USDC] | L +0.0245% / S −0.0267% | 1h | 0.09963 | −0.107% | $310K | — | 200x | as long as short |
| Coinbase International DOGE-PERP-INTX | +0.0248% | 1h | 0.09973 | −0.010% | $2.3M | $25.7M | 50x | as long as short |
| 01 Exchange DOGEUSD | +0.0256% | 1h | 0.09981 | +0.068% | $532 | $4K | 10x | as long as short |
| Kraken Futures PF_DOGEUSD | +0.0307% | 1h | 0.09966 | −0.077% | $5.8M | $34.7M | 50x | as long as short |
| Hyperliquid DOGE | +0.0368% | 1h | 0.09953 | −0.206% | $121.1M | $99.6M | 10x | as long as short |
| RISEx DOGE/USDC | +0.0747% | 1h | 0.09982 | +0.075% | $402K | $367K | 10x | as long as short |
| Arcus DOGE-USD | +0.0781% | 1h | 0.09961 | −0.130% | $128K | $179K | 10x | as long as short |
| Injective DOGE/USDC PERP | +0.1072% | 1h | 0.1001 | +0.361% | $5K | $239K | 12x | as long as short |
Bybit DOGEUSDT
OKX DOGE-USDT-SWAP
Bulk DOGE-USD
Gate DOGE_USDT
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
Extended DOGE-USD
Aevo DOGE-PERP
Paradex DOGE-USD-PERP
Deribit DOGE_USDC-PERPETUAL
Reya DOGERUSDPERP
Phoenix DOGE
GMX DOGE/USD [ETH-USDC]
Coinbase International DOGE-PERP-INTX
01 Exchange DOGEUSD
Kraken Futures PF_DOGEUSD
Hyperliquid DOGE
RISEx DOGE/USDC
Arcus DOGE-USD
Injective DOGE/USDC PERP