Funding you earn now, next payment 01:00 UTC+0.0141%/8h= +15.5% APRnext payment +$0.18 per $10,000 · paid last 24h −0.012%
Price spread now: Phoenix against ApeX Omni−0.211%116s7-day average 0.000% · you buy dearer than you sell
Net, funding: paid 7d − costs−$83as 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−$600.599% of the position
Funding, last 7 days−0.227%−$23 on $10k
+Price spread, last 3 days (all we have)+0.242%+$24 · spread now −0.211%, 7d avg 0.000%
=Funding pays, the price is against you. Phoenix is 0.211% cheaper against ApeX Omni than usual: you would sell low and buy high (spread −0.211% now, against its 7-day average of 0.000%). If the spread goes back, that is −$21 on $10k: about 5.0 days of funding at the current rate (+$4 a day). Mind the row above: over the last 7 days funding on this pair cost −0.227%, so the current rate has only just turned in your favour. The two prices were read 116 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 | ApeX Omni DOGEUSDT | 0.09950 | 0.0100 | pay 0.0013% / 1h | 49m 41s | $146K | $272K | 25x |
| Short | Phoenix DOGE | 0.09929 | 0.0241 | get 0.0030% / 1h | 49m 41s | $64K | $284K | 10x |
ApeX Omni DOGEUSDT
Phoenix DOGEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against ApeX Omni. 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
- $29.65
- Price spread: −0.211% → 0.000%
- −$21.09
- Slippage, 4 orders
- −$42.91
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$51.34
- Costs to cover
- 0.599%
- Break-even
- 19.1 days
Slippage from ApeX Omni: live order book, 17 min ago; Phoenix: live order book, 13 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 ApeX Omni live order book, 17 min ago | 4.96 bp | 24.2 bp −$24 | 67.0 bp −$670 | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 13 min ago | 1.00 bp | 12.3 bp −$12 | 43.1 bp −$431 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget DOGEUSDT | −0.0143% | 8h | 0.09978 | +0.281% | $151.3M | $272.8M | 75x | as long as short |
| dYdX DOGE-USD | 0.0000% | 1h | 0.09977 | +0.266% | $224K | $59K | 10x | as long as short |
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.09981 | +0.311% | $411K | $4.9M | 2.8x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S 0.0000% | 1h | 0.09972 | +0.223% | $23K | — | 150x | as long as short |
| Kraken Futures PF_DOGEUSD | +0.0066% | 1h | 0.09987 | +0.367% | $5.8M | $34.0M | 50x | as long as short |
| Deribit DOGE_USDC-PERPETUAL | +0.0090% | 1h | 0.09989 | +0.392% | $597K | $119K | 25x | as long as short |
| Lighter DOGE | +0.0096% | 1h | 0.09987 | +0.373% | $763K | $5.9M | 15x | as long as short |
| Katana Perps DOGE-USD | +0.0098% | 8h | 0.09977 | +0.271% | $833 | $427K | 10x | as long as short |
| Nado DOGE-PERP | +0.0100% | 1h | 0.09981 | +0.307% | $490K | $978K | 10x | as long as short |
| Aster DOGEUSDT | +0.0100% | 8h | 0.09995 | +0.449% | $4.7M | $47.8M | 75x | as long as short |
Bitget DOGEUSDT
dYdX DOGE-USD
Kalshi KXDOGEPERP
gTrade (Gains Network) DOGE/USD
Kraken Futures PF_DOGEUSD
Deribit DOGE_USDC-PERPETUAL
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 | 0.09988 | +0.377% | $330K | $503K | 20x | as long as short |
| Binance DOGEUSDT | +0.0100% | 8h | 0.09981 | +0.316% | $317.4M | $1.42B | 75x | as long as short |
| Bybit DOGEUSDT | +0.0100% | 8h | 0.09982 | +0.322% | $158.3M | $441.8M | 75x | as long as short |
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.09984 | +0.342% | $109.5M | $974.1M | 50x | as long as short |
| Arcus DOGE-USD | +0.0100% | 1h | 0.09995 | +0.452% | $128K | $181K | 10x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.09960 | +0.101% | $382K | $5K | 10x | as long as short |
| Gate DOGE_USDT | +0.0100% | 8h | 0.09983 | +0.332% | $241.3M | $129.6M | 75x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.09985 | +0.352% | $112.3M | $225.5M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.09981 | +0.312% | $65.5M | $42.6M | 75x | as long as short |
| BingX DOGE-USDT | +0.0100% | 8h | 0.09986 | +0.362% | — | $76.6M | — | as long as short |
| Backpack DOGE_USDC_PERP | +0.0100% | 1h | 0.09999 | +0.492% | $354K | $1.1M | 15x | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.09952 | +0.020% | $953K | $8.2M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.09925 | −0.252% | $267K | $126.4M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.09945 | −0.050% | $634K | $4.5M | 10x | as long as short |
| ApeX Omni DOGEUSDTlong | +0.0100% | 1h | 0.09950 | long leg | $146K | $272K | 25x | |
| Polymarket Perps DOGE-USD | +0.0100% | 1h | 0.09974 | +0.240% | $257K | $640K | 10x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.09986 | +0.362% | $70K | $438K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.09985 | +0.354% | $24K | $1K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.09977 | +0.272% | $35K | $2.2M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.09991 | +0.412% | $2K | $3.7M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.09987 | +0.369% | $6.0M | $54.2M | 75x | as long as short |
| Phemex DOGEUSDT | +0.0100% | 8h | 0.09990 | +0.402% | $92.1M | $17.9M | 50x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.09985 | +0.353% | $529K | $3.9M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.09988 | +0.378% | $19K | — | 3x | as long as short |
| Paradex DOGE-USD-PERP | +0.0118% | 8h | 0.09981 | +0.308% | $18K | $6K | 30x | as long as short |
| Reya DOGERUSDPERP | +0.0183% | 1h | 0.09971 | +0.215% | $2K | — | 20x | as long as short |
| 01 Exchange DOGEUSD | +0.0192% | 1h | 0.09986 | +0.361% | $532 | $4K | 10x | as long as short |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.09962 | +0.121% | $15.4M | $25.6M | 75x | as long as short |
| Coinbase International DOGE-PERP-INTX | +0.0240% | 1h | 0.09994 | +0.442% | $2.0M | $25.0M | 50x | as long as short |
| Phoenix DOGEshort | +0.0241% | 1h | 0.09929 | −0.211% | $64K | $284K | 10x | |
| GMX DOGE/USD [ETH-USDC] | L +0.0246% / S −0.0268% | 1h | 0.09972 | +0.220% | $311K | — | 200x | as long as short |
| RISEx DOGE/USDC | +0.0563% | 1h | 0.09988 | +0.386% | $321K | $406K | 10x | as long as short |
| Hyperliquid DOGE | +0.0711% | 1h | 0.1001 | +0.583% | $121.6M | $96.9M | 10x | as long as short |
| Injective DOGE/USDC PERP | +0.1004% | 1h | 0.09980 | +0.302% | $5K | $239K | 12x | as long as short |
Pacifica DOGE
Binance DOGEUSDT
Bybit DOGEUSDT
OKX DOGE-USDT-SWAP
Arcus DOGE-USD
Bulk DOGE-USD
Gate DOGE_USDT
MEXC DOGE_USDT
KuCoin DOGEUSDTM
BingX DOGE-USDT
Backpack DOGE_USDC_PERP
Variational Omni DOGE
edgeX DOGEUSDC
GRVT DOGE_USDT_Perp
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
Reya DOGERUSDPERP
01 Exchange DOGEUSD
BloFin DOGE-USDT
Coinbase International DOGE-PERP-INTX
GMX DOGE/USD [ETH-USDC]
RISEx DOGE/USDC
Hyperliquid DOGE
Injective DOGE/USDC PERP