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Funding arb · Price arb /

DOGE

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 02:00 UTC+0.0020%/8h= +2.2% APRpaid last 24h −0.045%
Price spread now: Phoenix against BloFin−0.140%7-day average +0.016% · you buy dearer than you sell
Net, funding: paid 7d − costs−$80as in the Funding arb table
Net, price: spread back to 7d avg − costs−$56as in the Price arb table
costs, in and out, $10k−$400.400% of the position
Long on BloFinShort on Phoenix
What this pair did over the last
the charts below follow
Funding, last 7 days−0.398%−$40 on $10k
Price spread, last 4 days (all we have)+0.255%+$26 · spread now −0.140%, 7d avg +0.016%
Together, before fees−0.143%−$14 on $10k · with fees, hour by hour
Funding pays, the price is against you. Phoenix is 0.157% cheaper against BloFin than usual: you would sell low and buy high (spread −0.140% now, against its 7-day average of +0.016%). If the spread goes back, that is −$16 on $10k: about 26 days of funding at the current rate (+$1 a day). Mind the row above: over the last 7 days funding on this pair cost −0.398%, so the current rate has only just turned in your favour.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin DOGE-USDT0.099650.0220pay 0.0220% / 8h5h 14m$15.7M$25.1M75x
ShortPhoenix DOGE0.099510.0240get 0.0030% / 1h14m 26s$65K$288K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Phoenix against BloFin. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$4.26
Price spread: −0.140% → +0.016%
−$15.7
Slippage, 4 orders
−$20.95
Fee BloFin: 6 bp × 2 orders
−$12
Fee Phoenix: 3.5 bp × 2 orders
−$7
Net
−$51.39
Costs to cover
0.400%
Break-even
91.4 days
Slippage from BloFin: live order book, 5 min ago; Phoenix: live order book, 43 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BloFin live order book, 5 min ago1.00 bp7.0 bp −$710.0 bp −$10021.1 bp −$2,10938.7 bp −$19.4K
Sell Phoenix live order book, 43 min ago1.00 bp12.4 bp −$1243.0 bp −$430doesn't fitdoesn't fit

DOGE on 44 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget DOGEUSDT−0.0075%8h0.09952−0.130%$150.6M$273.9M75xas long as short
dYdX DOGE-USD0.0000%1h0.09959−0.065%$224K$49K10xas long as short
Kalshi KXDOGEPERP0.0000%8h0.09967+0.018%$430K$5.2M2.8xas long as short
gTrade (Gains Network) DOGE/USDL +0.0001% / S 0.0000%1h0.09957−0.077%$24K—150xas long as short
Deribit DOGE_USDC-PERPETUAL+0.0051%1h0.09967+0.016%$595K$118K25xas long as short
Lighter DOGE+0.0096%1h0.09967+0.021%$772K$6.2M15xas long as short
Katana Perps DOGE-USD+0.0100%8h0.09964−0.010%$900$443K10xas long as short
Nado DOGE-PERP+0.0100%1h0.09958−0.065%$533K$996K10xas long as short
Aster DOGEUSDT+0.0100%8h0.09964−0.008%$4.7M$48.7M75xas long as short
Pacifica DOGE+0.0100%1h0.09964−0.014%$327K$483K20xas long as short
Show all 44 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance DOGEUSDT+0.0100%8h0.09963−0.020%$318.9M$1.44B75xas long as short
Bybit DOGEUSDT+0.0100%8h0.09957−0.080%$160.4M$441.7M75xas long as short
OKX DOGE-USDT-SWAP+0.0100%8h0.09960−0.050%$111.2M$987.8M50xas long as short
Bulk DOGE-USD+0.0100%1h0.09966+0.009%$382K$010xas long as short
Gate DOGE_USDT+0.0100%8h0.09963−0.020%$243.8M$133.6M75xas long as short
MEXC DOGE_USDT+0.0100%8h0.09960−0.050%$111.8M$231.4M300xas long as short
KuCoin DOGEUSDTM+0.0100%8h0.09962−0.030%$65.9M$43.4M75xas long as short
BingX DOGE-USDT+0.0100%8h0.09959−0.060%—$76.3M—as long as short
Backpack DOGE_USDC_PERP+0.0100%1h0.09962−0.030%$328K$1.1M15xas long as short
Variational Omni DOGE+0.0100%8h0.09975+0.096%$988K$8.2M—as long as short
edgeX DOGEUSDC+0.0100%4h0.09941−0.243%$295K$129.0M20xas long as short
GRVT DOGE_USDT_Perp+0.0100%8h0.09949−0.158%$631K$4.4M10xas long as short
ApeX Omni DOGEUSDT+0.0100%1h0.09940−0.251%$145K$279K25xas long as short
Polymarket Perps DOGE-USD+0.0100%1h0.09952−0.126%$252K$739K10xas long as short
Orderly PERP_DOGE_USDC+0.0100%8h0.099650.000%$70K$438K50xas long as short
Derive DOGE-PERP+0.0100%1h0.09961−0.039%$24K$1K10xas long as short
SunX DOGE-USDT+0.0100%8h0.09966+0.008%$35K$2.2M30xas long as short
SoDEX DOGE-USD+0.0100%1h0.09967+0.020%$2K$3.9M10xas long as short
HTX DOGE-USDT+0.0100%8h0.09959−0.058%$6.0M$56.7M75xas long as short
Phemex DOGEUSDT+0.0100%8h0.09964−0.010%$91.7M$16.6M50xas long as short
Paradex DOGE-USD-PERP+0.0102%8h0.09962−0.026%$18K$6K30xas long as short
Extended DOGE-USD+0.0104%1h0.09961−0.042%$499K$4.1M50xas long as short
Aevo DOGE-PERP+0.0104%1h0.09964−0.013%$19K—3xas long as short
Reya DOGERUSDPERP+0.0187%1h0.09957−0.079%$2K—20xas long as short
01 Exchange DOGEUSD+0.0216%1h0.09971+0.056%$531$4K10xas long as short
BloFin DOGE-USDTlong+0.0220%8h0.09965long leg$15.7M$25.1M75x
Phoenix DOGEshort+0.0240%1h0.09951−0.140%$65K$288K10x
GMX DOGE/USD [ETH-USDC]L +0.0246% / S −0.0269%1h0.09960−0.049%$312K—200xas long as short
Coinbase International DOGE-PERP-INTX+0.0248%1h0.09969+0.040%$2.3M$26.4M50xas long as short
Kraken Futures PF_DOGEUSD+0.0307%1h0.09966+0.007%$5.7M$35.3M50xas long as short
Hyperliquid DOGE+0.0532%1h0.09970+0.049%$121.6M$99.8M10xas long as short
RISEx DOGE/USDC+0.0747%1h0.09971+0.065%$403K$368K10xas long as short
Arcus DOGE-USD+0.0781%1h0.09978+0.130%$128K$179K10xas long as short
Injective DOGE/USDC PERP+0.1072%1h0.1000+0.351%$5K$239K12xas long as short