Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.028%
Price spread now: Phemex against Arcus−0.020%7-day average 0.000% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$40as in the Price arb table
costs, in and out, $10k−$380.378% of the position
Funding, last 4 days (all we have)−0.031%−$3 on $10k
+Price spread, last 4 days (all we have)−0.042%−$4 · spread now −0.020%, 7d avg 0.000%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.020% cheaper against Arcus than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of 0.000%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Arcus DOGE-USD | 0.09968 | 0.0100 | pay 0.0013% / 1h | 41m 13s | $17K | $308K | 10x |
| Short | Phemex DOGEUSDT | 0.09966 | 0.0100 | get 0.0100% / 8h | 41m 13s | $91.3M | $16.8M | 50x |
Arcus DOGE-USD
Phemex DOGEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against Arcus. 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
- Price spread: −0.020% → 0.000%
- −$2.02
- Slippage, 4 orders
- −$21.31
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$39.83
- Costs to cover
- 0.378%
- Break-even
- never at this rate
Slippage from Arcus: live order book, 58 min ago; Phemex: live order book, 3 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 Arcus live order book, 58 min ago | 3.00 bp | 7.6 bp −$8 | 22.7 bp −$227 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 3 min ago | 1.00 bp | 9.5 bp −$9 | 11.9 bp −$119 | 27.7 bp −$2,772 | 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 | −0.0060% | 1h | 0.09966 | −0.025% | $5.6M | $40.7M | 50x | as long as short |
| dYdX DOGE-USD | 0.0000% | 1h | 0.09972 | +0.036% | $224K | $69K | 10x | as long as short |
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.09968 | +0.004% | $594K | $6.5M | 2.8x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S 0.0000% | 1h | 0.09964 | −0.045% | $35K | — | 150x | as long as short |
| Bitget DOGEUSDT | +0.0022% | 8h | 0.09958 | −0.100% | $140.8M | $345.8M | 75x | as long as short |
| Injective DOGE/USDC PERP | +0.0033% | 1h | 0.1053 | +5.638% | $6K | $242K | 12x | as long as short |
| Polymarket Perps DOGE-USD | +0.0053% | 1h | 0.09964 | −0.041% | $259K | $1.2M | 10x | as long as short |
| Deribit DOGE_USDC-PERPETUAL | +0.0061% | 1h | 0.09969 | +0.014% | $572K | $252K | 25x | as long as short |
| Lighter DOGE | +0.0096% | 1h | 0.09974 | +0.057% | $838K | $6.8M | 15x | as long as short |
| Nado DOGE-PERP | +0.0100% | 1h | 0.09967 | −0.015% | $537K | $1.1M | 10x | as long as short |
Kraken Futures PF_DOGEUSD
dYdX DOGE-USD
Kalshi KXDOGEPERP
gTrade (Gains Network) DOGE/USD
Bitget DOGEUSDT
Injective DOGE/USDC PERP
Polymarket Perps DOGE-USD
Deribit DOGE_USDC-PERPETUAL
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 | 0.09977 | +0.094% | $124.2M | $117.2M | 10x | as long as short |
| Aster DOGEUSDT | +0.0100% | 8h | 0.09964 | −0.036% | $4.5M | $59.0M | 75x | as long as short |
| Pacifica DOGE | +0.0100% | 1h | 0.09970 | +0.022% | $319K | $503K | 20x | as long as short |
| Binance DOGEUSDT | +0.0100% | 8h | 0.09966 | −0.021% | $329.0M | $1.72B | 75x | as long as short |
| Bybit DOGEUSDT | +0.0100% | 8h | 0.09961 | −0.070% | $165.1M | $524.2M | 75x | as long as short |
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.09965 | −0.030% | $116.3M | $1.21B | 50x | as long as short |
| Arcus DOGE-USDlong | +0.0100% | 1h | 0.09968 | long leg | $17K | $308K | 10x | |
| Bulk DOGE-USD | +0.0100% | 1h | 0.09921 | −0.470% | $381K | $16K | 10x | as long as short |
| Gate DOGE_USDT | +0.0100% | 8h | 0.09965 | −0.030% | $249.9M | $156.2M | 75x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.09965 | −0.030% | $117.5M | $258.1M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.09964 | −0.040% | $66.4M | $49.9M | 75x | as long as short |
| BingX DOGE-USDT | +0.0100% | 8h | 0.09969 | +0.010% | — | $53.2M | — | as long as short |
| Backpack DOGE_USDC_PERP | +0.0100% | 1h | 0.09976 | +0.080% | $302K | $1.3M | 15x | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.09984 | +0.156% | $1.1M | $8.7M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.09966 | −0.016% | $303K | $139.7M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.09982 | +0.136% | $629K | $4.6M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.09980 | +0.120% | $146K | $342K | 25x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.09969 | +0.010% | $71K | $472K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.09972 | +0.042% | $19K | $7K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.09974 | +0.061% | $35K | $2.3M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.09966 | −0.020% | $2K | $5.4M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.09970 | +0.024% | $5.9M | $68.9M | 75x | as long as short |
| Phemex DOGEUSDTshort | +0.0100% | 8h | 0.09966 | −0.020% | $91.3M | $16.8M | 50x | |
| Paradex DOGE-USD-PERP | +0.0100% | 8h | 0.09967 | −0.011% | $18K | $5K | 30x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.09961 | −0.072% | $488K | $4.1M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.09968 | −0.003% | $19K | — | 3x | as long as short |
| Katana Perps DOGE-USD | +0.0107% | 8h | 0.09965 | −0.030% | $833 | $539K | 10x | as long as short |
| Phoenix DOGE | +0.0160% | 1h | 0.09978 | +0.100% | $18K | $382K | 10x | as long as short |
| Reya DOGERUSDPERP | +0.0199% | 1h | 0.09959 | −0.089% | $2K | — | 20x | as long as short |
| Coinbase International DOGE-PERP-INTX | +0.0216% | 1h | 0.09971 | +0.030% | $1.9M | $34.8M | 50x | as long as short |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.09964 | −0.040% | $15.5M | $27.0M | 75x | as long as short |
| GMX DOGE/USD [ETH-USDC] | L +0.0250% / S −0.0297% | 1h | 0.09964 | −0.044% | $314K | — | 200x | as long as short |
| 01 Exchange DOGEUSD | +0.0272% | 1h | 0.09975 | +0.072% | $444 | $4K | 10x | as long as short |
| RISEx DOGE/USDC | +0.0731% | 1h | 0.09975 | +0.070% | $406K | $462K | 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
MEXC 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
Paradex DOGE-USD-PERP
Extended DOGE-USD
Aevo DOGE-PERP
Katana Perps DOGE-USD
Phoenix DOGE
Reya DOGERUSDPERP
Coinbase International DOGE-PERP-INTX
BloFin DOGE-USDT
GMX DOGE/USD [ETH-USDC]
01 Exchange DOGEUSD
RISEx DOGE/USDC