Funding you earn now, next payment 00:00 UTC+0.0187%/8h= +20.5% APRnext payment +$0.23 per $10,000 · paid last 24h +0.011%
Price spread now: GMX against Kraken Futures−0.007%7-day average +0.018% · 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)+0.127%+$13 on $10k
+Price spread, last 3 days (all we have)+0.053%+$5 · spread now −0.007%, 7d avg +0.018%
=Funding pays, the price is against you. GMX is 0.025% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.007% now, against its 7-day average of +0.018%). If the spread goes back, that is −$2 on $10k: about 11 hours of funding at the current rate (+$6 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_DOGEUSD | 0.1007 | 0.0104 | pay 0.0013% / 1h | 40m 09s | $6.0M | $33.2M | 50x |
| Short | GMX DOGE/USD [ETH-USDC] | 0.1007 | L +0.0252% / S −0.0291% | get 0.0036% / 1h | 40m 09s | $331K | — | 200x |
Kraken Futures PF_DOGEUSD
GMX DOGE/USD [ETH-USDC]Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX against Kraken Futures. 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
- $39.35
- Price spread: −0.007% → +0.018%
- −$2.47
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- $14.87
- Costs to cover
- 0.220%
- Break-even
- 4.4 days
Slippage unknown: Kraken Futures: live order book, 4 min ago; GMX: 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 Kraken Futures live order book, 4 min ago | 0.49 bp | 11.8 bp −$12 | 15.2 bp −$152 | 31.4 bp −$3,136 | doesn't fit |
| Sell GMX no order-book sample | — | — | — | — | — |
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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget DOGEUSDT | −0.0241% | 8h | 0.1007 | −0.042% | $153.3M | $268.6M | 75x | as long as short |
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.1009 | +0.129% | $420K | $4.7M | 2.8x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S 0.0000% | 1h | 0.1007 | −0.011% | $24K | — | 150x | as long as short |
| Deribit DOGE_USDC-PERPETUAL | +0.0058% | 1h | 0.1008 | +0.036% | $609K | $114K | 25x | as long as short |
| Gate DOGE_USDT | +0.0076% | 8h | 0.1008 | +0.007% | $243.0M | $126.4M | 75x | as long as short |
| dYdX DOGE-USD | +0.0078% | 1h | 0.1008 | +0.024% | $226K | $44K | 10x | as long as short |
| Lighter DOGE | +0.0096% | 1h | 0.1008 | +0.077% | $809K | $5.5M | 15x | as long as short |
| Katana Perps DOGE-USD | +0.0097% | 8h | 0.1008 | +0.097% | $974 | $389K | 10x | as long as short |
| Nado DOGE-PERP | +0.0100% | 1h | 0.1008 | +0.027% | $601K | $899K | 10x | as long as short |
| Aster DOGEUSDT | +0.0100% | 8h | 0.1008 | +0.027% | $5.0M | $45.3M | 75x | as long as short |
Bitget DOGEUSDT
Kalshi KXDOGEPERP
gTrade (Gains Network) DOGE/USD
Deribit DOGE_USDC-PERPETUAL
Gate DOGE_USDT
dYdX DOGE-USD
Lighter DOGE
Katana Perps DOGE-USD
Nado DOGE-PERP
Aster DOGEUSDTShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica DOGE | +0.0100% | 1h | 0.1008 | +0.094% | $336K | $506K | 20x | as long as short |
| Binance DOGEUSDT | +0.0100% | 8h | 0.1008 | +0.030% | $322.1M | $1.36B | 75x | as long as short |
| Bybit DOGEUSDT | +0.0100% | 8h | 0.1008 | +0.007% | $158.8M | $429.7M | 75x | as long as short |
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.1008 | +0.047% | $109.6M | $950.5M | 50x | as long as short |
| Arcus DOGE-USD | +0.0100% | 1h | 0.1008 | +0.106% | $31K | $80K | 10x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.1008 | +0.057% | $386K | $12K | 10x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.1008 | +0.007% | $112.6M | $220.3M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.1008 | +0.017% | $66.2M | $41.8M | 75x | as long as short |
| BingX DOGE-USDT | +0.0100% | 8h | 0.1008 | +0.037% | — | $75.5M | — | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.1011 | +0.317% | $1.0M | $8.1M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.1018 | +1.095% | $279K | $118.3M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.1013 | +0.533% | $638K | $4.6M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.1019 | +1.149% | $150K | $249K | 25x | as long as short |
| Polymarket Perps DOGE-USD | +0.0100% | 1h | 0.1008 | +0.017% | $260K | $557K | 10x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.1008 | +0.017% | $73K | $433K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.1008 | +0.014% | $25K | $1K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.1008 | +0.033% | $36K | $2.2M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.1008 | +0.017% | $2K | $3.6M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.1007 | −0.014% | $6.1M | $51.5M | 75x | as long as short |
| Phemex DOGEUSDT | +0.0100% | 8h | 0.1007 | −0.003% | $93.2M | $19.2M | 50x | as long as short |
| Paradex DOGE-USD-PERP | +0.0100% | 8h | 0.1008 | +0.046% | $18K | $5K | 30x | as long as short |
| Kraken Futures PF_DOGEUSDlong | +0.0104% | 1h | 0.1007 | long leg | $6.0M | $33.2M | 50x | |
| Extended DOGE-USD | +0.0104% | 1h | 0.1007 | 0.000% | $551K | $3.7M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.1008 | +0.039% | $19K | — | 3x | as long as short |
| Reya DOGERUSDPERP | +0.0178% | 1h | 0.1008 | +0.019% | $2K | — | 20x | as long as short |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.1010 | +0.245% | $15.5M | $25.5M | 75x | as long as short |
| Phoenix DOGE | +0.0239% | 1h | 0.1015 | +0.757% | $67K | $281K | 10x | as long as short |
| Coinbase International DOGE-PERP-INTX | +0.0240% | 1h | 0.1008 | +0.106% | $2.0M | $24.3M | 50x | as long as short |
| 01 Exchange DOGEUSD | +0.0248% | 1h | 0.1009 | +0.149% | $533 | $4K | 10x | as long as short |
| GMX DOGE/USD [ETH-USDC]short | L +0.0252% / S −0.0291% | 1h | 0.1007 | −0.007% | $331K | — | 200x | |
| Backpack DOGE_USDC_PERP | +0.0434% | 1h | 0.1008 | +0.097% | $539K | $965K | 15x | as long as short |
| RISEx DOGE/USDC | +0.0708% | 1h | 0.1009 | +0.118% | $316K | $475K | 10x | as long as short |
| Hyperliquid DOGE | +0.0944% | 1h | 0.1009 | +0.186% | $118.0M | $88.3M | 10x | as long as short |
| Injective DOGE/USDC PERP | +0.1039% | 1h | 0.1008 | +0.057% | $5K | $239K | 12x | as long as short |
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
Extended DOGE-USD
Aevo DOGE-PERP
Reya DOGERUSDPERP
BloFin DOGE-USDT
Phoenix DOGE
Coinbase International DOGE-PERP-INTX
01 Exchange DOGEUSD
Backpack DOGE_USDC_PERP
RISEx DOGE/USDC
Hyperliquid DOGE
Injective DOGE/USDC PERP