Funding you earn now, next payment 07:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h +0.216%
Price spread now: Injective against MEXC+5.564%100s7-day average +0.317% · you sell dearer than you buy
Net, funding: paid 7d − costs+$84as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$710.710% of the position
Funding, last 7 days+1.555%+$155 on $10k
+Price spread, last 4 days (all we have)−5.536%−$554 · spread now +5.564%, 7d avg +0.317%
=The price spread pays, funding is against you. Injective is 5.247% dearer against MEXC than usual: you sell high and buy low (spread +5.564% now, against its 7-day average of +0.317%): +$525 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 9 months. Mind the row above: over the last 7 days funding on this pair paid +1.555%, so the current rate has only just turned against you. The two prices were read 100 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC DOGE_USDT | 0.09975 | 0.0100 | pay 0.0100% / 8h | 59m 38s | $112.1M | $256.8M | 300x |
| Short | Injective DOGE/USDC PERP | 0.1053 | 0.0033 | get 0.0004% / 1h | 59m 38s | $6K | $242K | 12x |
MEXC DOGE_USDT
Injective DOGE/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against MEXC. 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
- −$14
- Price spread: +5.564% → +0.317%
- $524.66
- Slippage, 4 orders
- −$70.97
- Fee MEXC: 0 bp × 2 orders
- $0
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $439.68
- Costs to cover
- 0.710%
- Break-even
- from the start
Slippage from MEXC: live order book, 4 min ago; Injective: live order book, 64 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 MEXC live order book, 4 min ago | 0.50 bp | 0.5 bp −$1 | 0.5 bp −$5 | 9.0 bp −$897 | 42.9 bp −$21.5K |
| Sell Injective live order book, 64 min ago | 34.98 bp | 35.0 bp −$35 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_DOGEUSD | −0.0083% | 1h | 0.09993 | +0.180% | $5.6M | $40.6M | 50x | as long as short |
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.09984 | +0.088% | $612K | $6.6M | 2.8x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S 0.0000% | 1h | 0.09991 | +0.164% | $35K | — | 150x | as long as short |
| dYdX DOGE-USD | +0.0003% | 1h | 0.09978 | +0.026% | $224K | $69K | 10x | as long as short |
| Injective DOGE/USDC PERPshort | +0.0033% | 1h | 0.1053 | +5.564% | $6K | $242K | 12x | |
| Bitget DOGEUSDT | +0.0035% | 8h | 0.09973 | −0.020% | $141.4M | $344.5M | 75x | as long as short |
| Polymarket Perps DOGE-USD | +0.0047% | 1h | 0.09985 | +0.100% | $263K | $1.2M | 10x | as long as short |
| Phoenix DOGE | +0.0080% | 1h | 0.1002 | +0.482% | $18K | $382K | 10x | as long as short |
| Lighter DOGE | +0.0096% | 1h | 0.09984 | +0.090% | $846K | $6.8M | 15x | as long as short |
| Nado DOGE-PERP | +0.0100% | 1h | 0.09993 | +0.180% | $538K | $1.1M | 10x | as long as short |
Kraken Futures PF_DOGEUSD
Kalshi KXDOGEPERP
gTrade (Gains Network) DOGE/USD
dYdX DOGE-USD
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 | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid DOGE | +0.0100% | 1h | 0.09982 | +0.072% | $124.2M | $117.0M | 10x | as long as short |
| Aster DOGEUSDT | +0.0100% | 8h | 0.09982 | +0.067% | $4.5M | $58.8M | 75x | as long as short |
| Pacifica DOGE | +0.0100% | 1h | 0.09976 | +0.014% | $318K | $501K | 20x | as long as short |
| Binance DOGEUSDT | +0.0100% | 8h | 0.09984 | +0.090% | $329.6M | $1.72B | 75x | as long as short |
| Bybit DOGEUSDT | +0.0100% | 8h | 0.09980 | +0.050% | $164.3M | $522.6M | 75x | as long as short |
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.09986 | +0.110% | $117.2M | $1.21B | 50x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.09979 | +0.042% | $383K | $16K | 10x | as long as short |
| Gate DOGE_USDT | +0.0100% | 8h | 0.09974 | −0.010% | $249.5M | $154.7M | 75x | as long as short |
| MEXC DOGE_USDTlong | +0.0100% | 8h | 0.09975 | long leg | $112.1M | $256.8M | 300x | |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.09976 | +0.010% | $66.7M | $50.0M | 75x | as long as short |
| BingX DOGE-USDT | +0.0100% | 8h | 0.09972 | −0.030% | — | $53.4M | — | as long as short |
| Backpack DOGE_USDC_PERP | +0.0100% | 1h | 0.09989 | +0.140% | $302K | $1.3M | 15x | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.09969 | −0.063% | $1.1M | $8.7M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.09981 | +0.063% | $303K | $140.3M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.09977 | +0.016% | $629K | $4.6M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.09980 | +0.050% | $146K | $341K | 25x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.09991 | +0.160% | $70K | $470K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.1000 | +0.274% | $19K | $7K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.09998 | +0.227% | $34K | $2.3M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.09993 | +0.180% | $2K | $5.4M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.09992 | +0.167% | $5.9M | $69.1M | 75x | as long as short |
| Phemex DOGEUSDT | +0.0100% | 8h | 0.09994 | +0.190% | $91.6M | $17.1M | 50x | as long as short |
| Paradex DOGE-USD-PERP | +0.0100% | 8h | 0.09973 | −0.024% | $18K | $5K | 30x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.09976 | +0.012% | $490K | $4.1M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.09992 | +0.170% | $19K | — | 3x | as long as short |
| Katana Perps DOGE-USD | +0.0107% | 8h | 0.09983 | +0.080% | $834 | $536K | 10x | as long as short |
| Reya DOGERUSDPERP | +0.0198% | 1h | 0.09990 | +0.153% | $2K | — | 20x | as long as short |
| Deribit DOGE_USDC-PERPETUAL | +0.0200% | 1h | 0.09996 | +0.211% | $573K | $252K | 25x | as long as short |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.09979 | +0.040% | $16.2M | $27.1M | 75x | as long as short |
| Coinbase International DOGE-PERP-INTX | +0.0240% | 1h | 0.09995 | +0.201% | $1.9M | $34.8M | 50x | as long as short |
| GMX DOGE/USD [ETH-USDC] | L +0.0250% / S −0.0297% | 1h | 0.09992 | +0.170% | $315K | — | 200x | as long as short |
| 01 Exchange DOGEUSD | +0.0272% | 1h | 0.09990 | +0.155% | $444 | $4K | 10x | as long as short |
| Arcus DOGE-USD | +0.0387% | 1h | 0.09980 | +0.050% | $17K | $308K | 10x | as long as short |
| RISEx DOGE/USDC | +0.0626% | 1h | 0.09998 | +0.235% | $402K | $458K | 10x | as long as short |
Hyperliquid DOGE
Aster DOGEUSDT
Pacifica DOGE
Binance DOGEUSDT
Bybit DOGEUSDT
OKX DOGE-USDT-SWAP
Bulk DOGE-USD
Gate DOGE_USDT
KuCoin DOGEUSDTM
BingX DOGE-USDT
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
Reya DOGERUSDPERP
Deribit DOGE_USDC-PERPETUAL
BloFin DOGE-USDT
Coinbase International DOGE-PERP-INTX
GMX DOGE/USD [ETH-USDC]
01 Exchange DOGEUSD
Arcus DOGE-USD
RISEx DOGE/USDC