Funding you earn now, next payment 08:00 UTC−0.0547%/8h= −59.9% APRnext payment −$5.47 per $10,000 · paid last 24h −0.036%
Price spread now: Phemex against BloFin+0.179%59s7-day average −0.002% · you sell dearer than you buy
Net, funding: paid 7d − costs−$60as 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−$390.390% of the position
Funding, last 7 days−0.210%−$21 on $10k
+Price spread, last 3 days (all we have)−0.168%−$17 · spread now +0.179%, 7d avg −0.002%
=The price spread pays, funding is against you. Phemex is 0.181% dearer against BloFin than usual: you sell high and buy low (spread +0.179% now, against its 7-day average of −0.002%): +$18 on $10k if it goes back. Holding the pair costs −$16 a day in funding at the current rate, which eats that in about 26 hours. At the pace of the last 7 days (−0.210% in total) that is about 6.0 days. The two prices were read 59 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 -0.210% in total (about -11.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$5.47 per $10,000. 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 | BloFin DOGE-USDT | 0.1005 | 0.0220 | pay 0.0220% / 8h | 7h 38m | $15.3M | $25.6M | 75x |
| Short | Phemex DOGEUSDT | 0.1007 | −0.0327 | pay 0.0327% / 8h | 7h 38m | $92.9M | $18.2M | 50x |
BloFin DOGE-USDT
Phemex DOGEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against BloFin. 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
- −$114.95
- Price spread: +0.179% → −0.002%
- $18.11
- Slippage, 4 orders
- −$15.04
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$135.88
- Costs to cover
- 0.390%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 6 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 BloFin live order book, 6 min ago | 0.50 bp | 6.5 bp −$6 | 8.4 bp −$84 | 12.4 bp −$1,237 | 23.4 bp −$11.7K |
| Sell Phemex live order book, 6 min ago | 3.99 bp | 16.1 bp −$16 | 23.2 bp −$232 | 46.6 bp −$4,665 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Phemex DOGEUSDTshort | −0.0327% | 8h | 0.1007 | +0.179% | $92.9M | $18.2M | 50x | |
| Bitget DOGEUSDT | −0.0191% | 8h | 0.1006 | +0.139% | $153.2M | $270.8M | 75x | as long as short |
| Kraken Futures PF_DOGEUSD | −0.0077% | 1h | 0.1006 | +0.164% | $6.0M | $33.9M | 50x | as long as short |
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.1006 | +0.097% | $400K | $4.8M | 2.8x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S 0.0000% | 1h | 0.1006 | +0.134% | $24K | — | 150x | as long as short |
| dYdX DOGE-USD | +0.0027% | 1h | 0.1006 | +0.131% | $226K | $44K | 10x | as long as short |
| Deribit DOGE_USDC-PERPETUAL | +0.0038% | 1h | 0.1007 | +0.181% | $605K | $121K | 25x | as long as short |
| Lighter DOGE | +0.0096% | 1h | 0.1007 | +0.249% | $816K | $5.8M | 15x | as long as short |
| Katana Perps DOGE-USD | +0.0100% | 8h | 0.1006 | +0.149% | $998 | $404K | 10x | as long as short |
| Nado DOGE-PERP | +0.0100% | 1h | 0.1006 | +0.139% | $517K | $973K | 10x | as long as short |
Bitget DOGEUSDT
Kraken Futures PF_DOGEUSD
Kalshi KXDOGEPERP
gTrade (Gains Network) DOGE/USD
dYdX DOGE-USD
Deribit DOGE_USDC-PERPETUAL
Lighter DOGE
Katana Perps DOGE-USD
Nado DOGE-PERPShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster DOGEUSDT | +0.0100% | 8h | 0.1006 | +0.149% | $5.0M | $46.6M | 75x | as long as short |
| Pacifica DOGE | +0.0100% | 1h | 0.1006 | +0.147% | $335K | $516K | 20x | as long as short |
| Binance DOGEUSDT | +0.0100% | 8h | 0.1006 | +0.167% | $319.7M | $1.40B | 75x | as long as short |
| Bybit DOGEUSDT | +0.0100% | 8h | 0.1007 | +0.209% | $159.6M | $438.1M | 75x | as long as short |
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.1007 | +0.209% | $110.4M | $970.2M | 50x | as long as short |
| Arcus DOGE-USD | +0.0100% | 1h | 0.1007 | +0.189% | $28K | $82K | 10x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.1005 | +0.045% | $385K | $9K | 10x | as long as short |
| Gate DOGE_USDT | +0.0100% | 8h | 0.1006 | +0.109% | $244.2M | $128.5M | 75x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.1007 | +0.179% | $114.5M | $223.6M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.1006 | +0.159% | $65.8M | $42.6M | 75x | as long as short |
| BingX DOGE-USDC | +0.0100% | 8h | 0.1006 | +0.159% | — | $3.4M | — | as long as short |
| Backpack DOGE_USDC_PERP | +0.0100% | 1h | 0.1007 | +0.249% | $368K | $1.1M | 15x | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.1006 | +0.169% | $1.0M | $8.1M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.1007 | +0.189% | $265K | $122.6M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.1006 | +0.137% | $640K | $4.6M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.1007 | +0.229% | $148K | $264K | 25x | as long as short |
| Polymarket Perps DOGE-USD | +0.0100% | 1h | 0.1006 | +0.109% | $264K | $554K | 10x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.1006 | +0.159% | $73K | $429K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.1006 | +0.158% | $25K | $1K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.1007 | +0.226% | $36K | $2.2M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.1006 | +0.169% | $2K | $3.8M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.1006 | +0.105% | $6.0M | $52.4M | 75x | as long as short |
| Paradex DOGE-USD-PERP | +0.0100% | 8h | 0.1006 | +0.169% | $18K | $5K | 30x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.1006 | +0.143% | $588K | $3.9M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.1006 | +0.162% | $19K | — | 3x | as long as short |
| Reya DOGERUSDPERP | +0.0181% | 1h | 0.1006 | +0.123% | $2K | — | 20x | as long as short |
| 01 Exchange DOGEUSD | +0.0200% | 1h | 0.1006 | +0.127% | $531 | $4K | 10x | as long as short |
| BloFin DOGE-USDTlong | +0.0220% | 8h | 0.1005 | long leg | $15.3M | $25.6M | 75x | |
| Coinbase International DOGE-PERP-INTX | +0.0240% | 1h | 0.1007 | +0.229% | $2.0M | $24.9M | 50x | as long as short |
| Phoenix DOGE | +0.0240% | 1h | 0.1007 | +0.250% | $67K | $283K | 10x | as long as short |
| GMX DOGE/USD [ETH-USDC] | L +0.0244% / S −0.0263% | 1h | 0.1006 | +0.122% | $310K | — | 200x | as long as short |
| RISEx DOGE/USDC | +0.0701% | 1h | 0.1007 | +0.184% | $319K | $478K | 10x | as long as short |
| Hyperliquid DOGE | +0.0844% | 1h | 0.1008 | +0.279% | $121.2M | $92.8M | 10x | as long as short |
| Injective DOGE/USDC PERP | +0.0973% | 1h | 0.1011 | +0.627% | $5K | $239K | 12x | as long as short |
Aster DOGEUSDT
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
Polymarket Perps DOGE-USD
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
Reya DOGERUSDPERP
01 Exchange DOGEUSD
Coinbase International DOGE-PERP-INTX
Phoenix DOGE
GMX DOGE/USD [ETH-USDC]
RISEx DOGE/USDC
Hyperliquid DOGE
Injective DOGE/USDC PERP