Funding you earn now, next payment 07:00 UTC+0.0060%/8h= +6.6% APRpaid last 24h +0.004%
Price spread now: Phoenix against Aster+0.231%55s7-day average +0.049% · you sell dearer than you buy
Net, funding: paid 7d − costs−$50as 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−$350.347% of the position
Funding, last 7 days−0.150%−$15 on $10k
+Price spread, last 4 days (all we have)+0.420%+$42 · spread now +0.231%, 7d avg +0.049%
=Together, before fees+0.270%+ Points / potential airdropAster: Stage 5 · farm board+$27 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Phoenix is 0.182% dearer against Aster than usual: you sell high and buy low: +$18 more if the spread goes back to its 7-day average of +0.049%. Mind the row above: over the last 7 days funding on this pair cost −0.150%, so the current rate has only just turned in your favour. The two prices were read 55 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 | Aster DOGEUSDT | 0.09899 | 0.0100 | pay 0.0100% / 8h | 14m 31s | $5.0M | $59.8M | 75x |
| Short | Phoenix DOGE | 0.09922 | 0.0160 | get 0.0020% / 1h | 14m 31s | $18K | $382K | 10x |
Aster DOGEUSDT
Phoenix DOGEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Aster. 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
- $12.64
- Price spread: +0.231% → +0.049%
- $18.22
- Slippage, 4 orders
- −$19.68
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$3.82
- Costs to cover
- 0.347%
- Break-even
- 9.1 days
Slippage from Aster: live order book, 5 min ago; Phoenix: live order book, 18 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 Aster live order book, 5 min ago | 0.50 bp | 5.5 bp −$6 | 6.4 bp −$64 | 19.8 bp −$1,977 | doesn't fit |
| Sell Phoenix live order book, 18 min ago | 1.01 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_DOGEUSD | −0.0060% | 1h | 0.09898 | −0.011% | $5.5M | $40.9M | 50x | as long as short |
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.09904 | +0.046% | $579K | $6.6M | 2.8x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S 0.0000% | 1h | 0.09897 | −0.017% | $35K | — | 150x | as long as short |
| Bitget DOGEUSDT | +0.0003% | 8h | 0.09895 | −0.041% | $140.2M | $347.9M | 75x | as long as short |
| dYdX DOGE-USD | +0.0023% | 1h | 0.09902 | +0.034% | $222K | $63K | 10x | as long as short |
| Polymarket Perps DOGE-USD | +0.0031% | 1h | 0.09897 | −0.025% | $257K | $1.2M | 10x | as long as short |
| Injective DOGE/USDC PERP | +0.0033% | 1h | 0.1053 | +6.374% | $6K | $242K | 12x | as long as short |
| Deribit DOGE_USDC-PERPETUAL | +0.0073% | 1h | 0.09899 | −0.002% | $569K | $259K | 25x | as long as short |
| Lighter DOGE | +0.0096% | 1h | 0.09913 | +0.141% | $827K | $6.9M | 15x | as long as short |
| Nado DOGE-PERP | +0.0100% | 1h | 0.09899 | 0.000% | $535K | $1.1M | 10x | as long as short |
Kraken Futures PF_DOGEUSD
Kalshi KXDOGEPERP
gTrade (Gains Network) DOGE/USD
Bitget DOGEUSDT
dYdX DOGE-USD
Polymarket Perps DOGE-USD
Injective DOGE/USDC PERP
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 | 0.09908 | +0.093% | $123.4M | $117.3M | 10x | as long as short |
| Aster DOGEUSDTlong | +0.0100% | 8h | 0.09899 | long leg | $5.0M | $59.8M | 75x | |
| Pacifica DOGE | +0.0100% | 1h | 0.09906 | +0.073% | $322K | $509K | 20x | as long as short |
| Binance DOGEUSDT | +0.0100% | 8h | 0.09902 | +0.028% | $327.2M | $1.73B | 75x | as long as short |
| Bybit DOGEUSDT | +0.0100% | 8h | 0.09896 | −0.031% | $163.5M | $526.1M | 75x | as long as short |
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.09902 | +0.030% | $115.0M | $1.20B | 50x | as long as short |
| Arcus DOGE-USD | +0.0100% | 1h | 0.09900 | +0.010% | $16K | $311K | 10x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.09918 | +0.195% | $379K | $16K | 10x | as long as short |
| Gate DOGE_USDT | +0.0100% | 8h | 0.09895 | −0.041% | $249.4M | $158.5M | 75x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.09900 | +0.010% | $116.9M | $259.2M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.09903 | +0.040% | $66.0M | $50.0M | 75x | as long as short |
| BingX DOGE-USDC | +0.0100% | 8h | 0.09901 | +0.020% | — | $3.5M | — | as long as short |
| Backpack DOGE_USDC_PERP | +0.0100% | 1h | 0.09899 | 0.000% | $301K | $1.3M | 15x | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.09901 | +0.019% | $1.0M | $8.7M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.09913 | +0.139% | $302K | $140.0M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.09916 | +0.171% | $628K | $4.5M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.09920 | +0.212% | $142K | $346K | 25x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.09897 | −0.021% | $71K | $473K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.09911 | +0.123% | $18K | $7K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.09911 | +0.125% | $35K | $2.3M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.09897 | −0.021% | $2K | $5.5M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.09898 | −0.006% | $5.8M | $69.1M | 75x | as long as short |
| Phemex DOGEUSDT | +0.0100% | 8h | 0.09896 | −0.031% | $90.5M | $16.8M | 50x | as long as short |
| Paradex DOGE-USD-PERP | +0.0100% | 8h | 0.09907 | +0.077% | $18K | $5K | 30x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.09893 | −0.059% | $485K | $4.1M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.09898 | −0.015% | $19K | — | 3x | as long as short |
| Katana Perps DOGE-USD | +0.0106% | 8h | 0.09898 | −0.011% | $827 | $542K | 10x | as long as short |
| Phoenix DOGEshort | +0.0160% | 1h | 0.09922 | +0.231% | $18K | $382K | 10x | |
| Reya DOGERUSDPERP | +0.0200% | 1h | 0.09890 | −0.086% | $2K | — | 20x | as long as short |
| Coinbase International DOGE-PERP-INTX | +0.0216% | 1h | 0.09909 | +0.101% | $1.9M | $35.0M | 50x | as long as short |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.09905 | +0.060% | $15.4M | $26.9M | 75x | as long as short |
| GMX DOGE/USD [ETH-USDC] | L +0.0235% / S −0.0235% | 1h | 0.09897 | −0.019% | $281K | — | 200x | as long as short |
| 01 Exchange DOGEUSD | +0.0248% | 1h | 0.09905 | +0.059% | $440 | $4K | 10x | as long as short |
| RISEx DOGE/USDC | +0.0731% | 1h | 0.09906 | +0.069% | $398K | $461K | 10x | as long as short |
Hyperliquid DOGE
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-USDC
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
Coinbase International DOGE-PERP-INTX
BloFin DOGE-USDT
GMX DOGE/USD [ETH-USDC]
01 Exchange DOGEUSD
RISEx DOGE/USDC