Funding you earn now, next payment 20:00 UTC+0.0350%/8h= +38.3% APRpaid last 24h −0.023%
Price spread now: Phoenix against Bitget−0.110%69s7-day average +0.070% · you buy dearer than you sell
Net, funding: paid 7d − costs−$58as 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−$410.407% of the position
Funding, last 7 days−0.169%−$17 on $10k
+Price spread, last 3 days (all we have)+0.541%+$54 · spread now −0.110%, 7d avg +0.070%
=Funding pays, the price is against you. Phoenix is 0.180% cheaper against Bitget than usual: you would sell low and buy high (spread −0.110% now, against its 7-day average of +0.070%). If the spread goes back, that is −$18 on $10k: about 41 hours of funding at the current rate (+$11 a day). Mind the row above: over the last 7 days funding on this pair cost −0.169%, so the current rate has only just turned in your favour. The two prices were read 69 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.169% in total (about -8.8% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget DOGEUSDT | 0.09993 | −0.0269 | get 0.0269% / 8h | 3h 06m | $154.0M | $258.7M | 75x |
| Short | Phoenix DOGE | 0.09982 | 0.0081 | get 0.0010% / 1h | 6m 26s | $15K | $207K | 10x |
Bitget DOGEUSDT
Phoenix DOGEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Bitget. 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
- $73.54
- Price spread: −0.110% → +0.070%
- −$18.01
- Slippage, 4 orders
- −$21.67
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $14.87
- Costs to cover
- 0.407%
- Break-even
- 5.6 days
Slippage from Bitget: live order book, 3 min ago; Phoenix: live order book, 17 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 Bitget live order book, 3 min ago | 0.50 bp | 8.2 bp −$8 | 10.4 bp −$104 | 20.8 bp −$2,080 | 52.1 bp −$26.0K |
| Sell Phoenix live order book, 17 min ago | 1.01 bp | 12.3 bp −$12 | 43.0 bp −$430 | 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 DOGEUSDTlong | −0.0269% | 8h | 0.09993 | long leg | $154.0M | $258.7M | 75x | |
| Kraken Futures PF_DOGEUSD | −0.0035% | 1h | 0.1004 | +0.461% | $6.9M | $30.1M | 50x | as long as short |
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.1004 | +0.476% | $353K | $4.3M | 2.8x | as long as short |
| Deribit DOGE_USDC-PERPETUAL | 0.0000% | 1h | 0.1000 | +0.090% | $625K | $88K | 25x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S −0.0001% | 1h | 0.09999 | +0.062% | $33K | — | 150x | as long as short |
| dYdX DOGE-USD | +0.0036% | 1h | 0.1002 | +0.222% | $225K | $44K | 10x | as long as short |
| Gate DOGE_USDT | +0.0059% | 8h | 0.09998 | +0.050% | $237.2M | $119.8M | 75x | as long as short |
| Phoenix DOGEshort | +0.0081% | 1h | 0.09982 | −0.110% | $15K | $207K | 10x | |
| Katana Perps DOGE-USD | +0.0094% | 8h | 0.1002 | +0.230% | $857 | $323K | 10x | as long as short |
| Lighter DOGE | +0.0096% | 1h | 0.1002 | +0.235% | $825K | $5.0M | 15x | as long as short |
Kraken Futures PF_DOGEUSD
Kalshi KXDOGEPERP
Deribit DOGE_USDC-PERPETUAL
gTrade (Gains Network) DOGE/USD
dYdX DOGE-USD
Gate DOGE_USDT
Katana Perps DOGE-USD
Lighter DOGEShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Nado DOGE-PERP | +0.0100% | 1h | 0.1001 | +0.175% | $714K | $658K | 10x | as long as short |
| Aster DOGEUSDT | +0.0100% | 8h | 0.1001 | +0.208% | $4.9M | $40.1M | 75x | as long as short |
| Pacifica DOGE | +0.0100% | 1h | 0.1002 | +0.230% | $343K | $520K | 20x | as long as short |
| Binance DOGEUSDT | +0.0100% | 8h | 0.1000 | +0.080% | $320.6M | $1.25B | 75x | as long as short |
| Bybit DOGEUSDT | +0.0100% | 8h | 0.1000 | +0.070% | $156.8M | $392.7M | 75x | as long as short |
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.1000 | +0.070% | $109.0M | $894.1M | 50x | as long as short |
| Arcus DOGE-USD | +0.0100% | 1h | 0.1002 | +0.250% | $28K | $76K | 10x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.09977 | −0.164% | $382K | $19K | 10x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.1001 | +0.120% | $113.0M | $203.8M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.1000 | +0.100% | $66.3M | $38.6M | 75x | as long as short |
| BingX DOGE-USDC | +0.0100% | 8h | 0.1000 | +0.090% | — | $3.4M | — | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.09962 | −0.312% | $982K | $7.5M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.09969 | −0.240% | $265K | $108.9M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.09995 | +0.021% | $628K | $4.7M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.09970 | −0.230% | $142K | $217K | 25x | as long as short |
| Polymarket Perps DOGE-USD | +0.0100% | 1h | 0.1001 | +0.130% | $279K | $552K | 10x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.1000 | +0.100% | $73K | $364K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.09999 | +0.056% | $25K | $1K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.1000 | +0.111% | $35K | $2.2M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.1003 | +0.420% | $2K | $3.3M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.1003 | +0.381% | $6.1M | $45.6M | 75x | as long as short |
| Phemex DOGEUSDT | +0.0100% | 8h | 0.1002 | +0.300% | $93.1M | $18.9M | 50x | as long as short |
| Paradex DOGE-USD-PERP | +0.0100% | 8h | 0.1001 | +0.156% | $19K | $3K | 30x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.1001 | +0.145% | $541K | $3.5M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.1000 | +0.076% | $19K | — | 3x | as long as short |
| 01 Exchange DOGEUSD | +0.0152% | 1h | 0.1001 | +0.215% | $529 | $4K | 10x | as long as short |
| Reya DOGERUSDPERP | +0.0172% | 1h | 0.1000 | +0.118% | $2K | — | 20x | as long as short |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.1003 | +0.410% | $15.3M | $24.0M | 75x | as long as short |
| Coinbase International DOGE-PERP-INTX | +0.0224% | 1h | 0.1004 | +0.450% | $2.1M | $22.2M | 50x | as long as short |
| GMX DOGE/USD [ETH-USDC] | L +0.0245% / S −0.0271% | 1h | 0.09999 | +0.060% | $314K | — | 200x | as long as short |
| Backpack DOGE_USDC_PERP | +0.0341% | 1h | 0.1003 | +0.330% | $528K | $807K | 15x | as long as short |
| RISEx DOGE/USDC | +0.0530% | 1h | 0.1002 | +0.268% | $316K | $485K | 10x | as long as short |
| Injective DOGE/USDC PERP | +0.0892% | 1h | 0.1000 | +0.070% | $5K | $153K | 12x | as long as short |
| Hyperliquid DOGE | +0.1110% | 1h | 0.1002 | +0.250% | $115.7M | $73.6M | 10x | as long as short |
Nado DOGE-PERP
Aster DOGEUSDT
Pacifica DOGE
Binance DOGEUSDT
Bybit DOGEUSDT
OKX DOGE-USDT-SWAP
Arcus DOGE-USD
Bulk DOGE-USD
MEXC DOGE_USDT
KuCoin DOGEUSDTM
BingX DOGE-USDC
Variational Omni DOGE
edgeX DOGEUSDC
GRVT DOGE_USDT_Perp
ApeX Omni DOGEUSDT
Polymarket Perps DOGE-USD
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
01 Exchange DOGEUSD
Reya DOGERUSDPERP
BloFin DOGE-USDT
Coinbase International DOGE-PERP-INTX
GMX DOGE/USD [ETH-USDC]
Backpack DOGE_USDC_PERP
RISEx DOGE/USDC
Injective DOGE/USDC PERP
Hyperliquid DOGE