Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Phemex against Binance−0.052%52s7-day average +0.014% · you buy dearer than you sell
Net, funding: paid 7d − costs−$28as 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−$300.297% of the position
Funding, last 7 days+0.019%+$2 on $10k
+Price spread, last 4 days (all we have)+0.037%+$4 · spread now −0.052%, 7d avg +0.014%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.066% cheaper against Binance than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of +0.014%. The two prices were read 52 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 | Binance DOGEUSDT | 0.09930 | 0.0100 | pay 0.0100% / 8h | 2h 18m | $324.6M | $1.68B | 75x |
| Short | Phemex DOGEUSDT | 0.09925 | 0.0100 | get 0.0100% / 8h | 2h 18m | $91.2M | $17.1M | 50x |
Binance DOGEUSDT
Phemex DOGEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against Binance. 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: −0.052% → +0.014%
- −$6.6
- Slippage, 4 orders
- −$7.67
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$36.27
- Costs to cover
- 0.297%
- Break-even
- never at this rate
Slippage from Binance: live order book, 11 min ago; Phemex: live order book, 6 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 Binance live order book, 11 min ago | 0.51 bp | 5.5 bp −$6 | 5.5 bp −$55 | 19.3 bp −$1,934 | 51.6 bp −$25.8K |
| Sell Phemex live order book, 6 min ago | 0.51 bp | 9.5 bp −$9 | 17.9 bp −$179 | 34.5 bp −$3,455 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.09930 | −0.005% | $608K | $6.5M | 2.8x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S 0.0000% | 1h | 0.09928 | −0.018% | $34K | — | 150x | as long as short |
| Kraken Futures PF_DOGEUSD | +0.0002% | 1h | 0.09924 | −0.057% | $5.6M | $39.9M | 50x | as long as short |
| dYdX DOGE-USD | +0.0033% | 1h | 0.09922 | −0.081% | $223K | $70K | 10x | as long as short |
| Polymarket Perps DOGE-USD | +0.0038% | 1h | 0.09923 | −0.071% | $267K | $1.2M | 10x | as long as short |
| Lighter DOGE | +0.0096% | 1h | 0.09928 | −0.022% | $847K | $6.8M | 15x | as long as short |
| Nado DOGE-PERP | +0.0100% | 1h | 0.09917 | −0.128% | $538K | $1.1M | 10x | as long as short |
| Aster DOGEUSDT | +0.0100% | 8h | 0.09931 | +0.009% | $4.4M | $57.2M | 75x | as long as short |
| Pacifica DOGE | +0.0100% | 1h | 0.09924 | −0.062% | $318K | $514K | 20x | as long as short |
| Binance DOGEUSDTlong | +0.0100% | 8h | 0.09930 | long leg | $324.6M | $1.68B | 75x |
Kalshi KXDOGEPERP
gTrade (Gains Network) DOGE/USD
Kraken Futures PF_DOGEUSD
dYdX DOGE-USD
Polymarket Perps DOGE-USD
Lighter DOGE
Nado DOGE-PERP
Aster DOGEUSDT
Pacifica DOGEShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit DOGEUSDT | +0.0100% | 8h | 0.09928 | −0.022% | $163.4M | $517.3M | 75x | as long as short |
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.09930 | −0.002% | $116.1M | $1.17B | 50x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.09881 | −0.499% | $379K | $16K | 10x | as long as short |
| Gate DOGE_USDT | +0.0100% | 8h | 0.09927 | −0.032% | $248.0M | $153.3M | 75x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.09930 | −0.002% | $110.1M | $255.2M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.09924 | −0.062% | $65.8M | $49.6M | 75x | as long as short |
| Bitget DOGEUSDT | +0.0100% | 8h | 0.09917 | −0.133% | $139.5M | $338.9M | 75x | as long as short |
| BingX DOGE-USDC | +0.0100% | 8h | 0.09927 | −0.032% | — | $3.5M | — | as long as short |
| Backpack DOGE_USDC_PERP | +0.0100% | 1h | 0.09929 | −0.012% | $298K | $1.3M | 15x | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.09900 | −0.306% | $1.0M | $8.7M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.09913 | −0.171% | $320K | $139.1M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.09872 | −0.582% | $627K | $4.7M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.09880 | −0.505% | $146K | $341K | 25x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.09930 | −0.002% | $63K | $469K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.09926 | −0.046% | $19K | $7K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.09930 | −0.003% | $35K | $2.3M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.09926 | −0.042% | $2K | $5.3M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.09922 | −0.081% | $5.9M | $68.1M | 75x | as long as short |
| Phemex DOGEUSDTshort | +0.0100% | 8h | 0.09925 | −0.052% | $91.2M | $17.1M | 50x | |
| Paradex DOGE-USD-PERP | +0.0100% | 8h | 0.09920 | −0.098% | $18K | $5K | 30x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.09920 | −0.103% | $482K | $4.1M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.09932 | +0.020% | $19K | — | 3x | as long as short |
| Hyperliquid DOGE | +0.0104% | 1h | 0.09935 | +0.047% | $123.2M | $115.7M | 10x | as long as short |
| Katana Perps DOGE-USD | +0.0111% | 8h | 0.09923 | −0.072% | $829 | $527K | 10x | as long as short |
| Reya DOGERUSDPERP | +0.0195% | 1h | 0.09928 | −0.024% | $2K | — | 20x | as long as short |
| 01 Exchange DOGEUSD | +0.0200% | 1h | 0.09929 | −0.011% | $442 | $4K | 10x | as long as short |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.09930 | −0.002% | $15.9M | $26.8M | 75x | as long as short |
| Arcus DOGE-USD | +0.0231% | 1h | 0.09928 | −0.022% | $27K | $299K | 10x | as long as short |
| Phoenix DOGE | +0.0240% | 1h | 0.09916 | −0.144% | $18K | $382K | 10x | as long as short |
| GMX DOGE/USD [ETH-USDC] | L +0.0250% / S −0.0288% | 1h | 0.09928 | −0.024% | $315K | — | 200x | as long as short |
| Coinbase International DOGE-PERP-INTX | +0.0304% | 1h | 0.09929 | −0.012% | $1.9M | $34.1M | 50x | as long as short |
| Deribit DOGE_USDC-PERPETUAL | +0.0314% | 1h | 0.09931 | +0.003% | $564K | $247K | 25x | as long as short |
| RISEx DOGE/USDC | +0.0686% | 1h | 0.09928 | −0.017% | $400K | $444K | 10x | as long as short |
| Injective DOGE/USDC PERP | +0.1217% | 1h | 0.1053 | +6.040% | $6K | $242K | 12x | as long as short |
Bybit DOGEUSDT
OKX DOGE-USDT-SWAP
Bulk DOGE-USD
Gate DOGE_USDT
MEXC DOGE_USDT
KuCoin DOGEUSDTM
Bitget DOGEUSDT
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
Paradex DOGE-USD-PERP
Extended DOGE-USD
Aevo DOGE-PERP
Hyperliquid DOGE
Katana Perps DOGE-USD
Reya DOGERUSDPERP
01 Exchange DOGEUSD
BloFin DOGE-USDT
Arcus DOGE-USD
Phoenix DOGE
GMX DOGE/USD [ETH-USDC]
Coinbase International DOGE-PERP-INTX
Deribit DOGE_USDC-PERPETUAL
RISEx DOGE/USDC
Injective DOGE/USDC PERP