Funding you earn now, next payment 00:00 UTC+0.0038%/8h= +4.2% APRnext payment +$0.38 per $10,000 · paid last 24h +0.005%
Price spread now: Phemex against Gate−0.122%49s7-day average +0.025% · 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−$610.615% of the position
Funding, last 7 days+0.038%+$4 on $10k
+Price spread, last 3 days (all we have)+0.139%+$14 · spread now −0.122%, 7d avg +0.025%
=Funding pays, the price is against you. Phemex is 0.147% cheaper against Gate than usual: you would sell low and buy high (spread −0.122% now, against its 7-day average of +0.025%). If the spread goes back, that is −$15 on $10k: about 13 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.038% in total) that is about 27 days. The two prices were read 49 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 | Gate DOGE_USDT | 0.09863 | 0.0062 | pay 0.0062% / 8h | 2h 35m | $234.5M | $119.1M | 75x |
| Short | Phemex DOGEUSDT | 0.09851 | 0.0100 | get 0.0100% / 8h | 2h 35m | $91.4M | $19.0M | 50x |
Gate DOGE_USDT
Phemex DOGEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against Gate. 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
- $7.98
- Price spread: −0.122% → +0.025%
- −$14.68
- Slippage, 4 orders
- −$34.47
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$68.17
- Costs to cover
- 0.615%
- Break-even
- 66.8 days
Slippage from Gate: live order book, 4 min ago; Phemex: live order book, 4 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 Gate live order book, 4 min ago | 0.51 bp | 11.4 bp −$11 | 17.8 bp −$178 | 31.1 bp −$3,106 | 53.7 bp −$26.9K |
| Sell Phemex live order book, 4 min ago | 8.13 bp | 24.9 bp −$25 | 50.2 bp −$502 | 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 DOGEUSDT | −0.0279% | 8h | 0.09856 | −0.071% | $151.7M | $259.9M | 75x | as long as short |
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.09853 | −0.098% | $357K | $4.3M | 2.8x | as long as short |
| Deribit DOGE_USDC-PERPETUAL | 0.0000% | 1h | 0.09870 | +0.075% | $617K | $91K | 25x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S −0.0001% | 1h | 0.09866 | +0.025% | $32K | — | 150x | as long as short |
| dYdX DOGE-USD | +0.0052% | 1h | 0.09859 | −0.039% | $221K | $44K | 10x | as long as short |
| Gate DOGE_USDTlong | +0.0062% | 8h | 0.09863 | long leg | $234.5M | $119.1M | 75x | |
| Phoenix DOGE | +0.0080% | 1h | 0.09849 | −0.145% | $15K | $225K | 10x | as long as short |
| Katana Perps DOGE-USD | +0.0095% | 8h | 0.09867 | +0.041% | $1K | $336K | 10x | as long as short |
| Lighter DOGE | +0.0096% | 1h | 0.09864 | +0.006% | $782K | $5.1M | 15x | as long as short |
| Nado DOGE-PERP | +0.0100% | 1h | 0.09867 | +0.041% | $626K | $695K | 10x | as long as short |
Bitget DOGEUSDT
Kalshi KXDOGEPERP
Deribit DOGE_USDC-PERPETUAL
gTrade (Gains Network) DOGE/USD
dYdX DOGE-USD
Phoenix DOGE
Katana Perps DOGE-USD
Lighter DOGE
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 | 0.09863 | −0.001% | $4.9M | $40.6M | 75x | as long as short |
| Pacifica DOGE | +0.0100% | 1h | 0.09863 | +0.002% | $335K | $505K | 20x | as long as short |
| Binance DOGEUSDT | +0.0100% | 8h | 0.09869 | +0.061% | $313.7M | $1.26B | 75x | as long as short |
| Bybit DOGEUSDT | +0.0100% | 8h | 0.09864 | +0.010% | $156.6M | $397.0M | 75x | as long as short |
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.09868 | +0.051% | $107.6M | $882.9M | 50x | as long as short |
| Arcus DOGE-USD | +0.0100% | 1h | 0.09874 | +0.112% | $28K | $75K | 10x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.09919 | +0.566% | $380K | $19K | 10x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.09868 | +0.051% | $119.3M | $214.5M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.09869 | +0.061% | $64.9M | $38.9M | 75x | as long as short |
| BingX DOGE-USDT | +0.0100% | 8h | 0.09866 | +0.030% | — | $73.3M | — | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.09842 | −0.211% | $917K | $7.8M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.09844 | −0.192% | $261K | $111.6M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.09856 | −0.068% | $627K | $4.6M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.09860 | −0.030% | $140K | $222K | 25x | as long as short |
| Polymarket Perps DOGE-USD | +0.0100% | 1h | 0.09869 | +0.061% | $271K | $531K | 10x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.09868 | +0.051% | $56K | $397K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.09865 | +0.018% | $24K | $1K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.09870 | +0.073% | $35K | $2.2M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.09868 | +0.051% | $2K | $3.3M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.09851 | −0.124% | $5.9M | $46.6M | 75x | as long as short |
| Phemex DOGEUSDTshort | +0.0100% | 8h | 0.09851 | −0.122% | $91.4M | $19.0M | 50x | |
| Paradex DOGE-USD-PERP | +0.0100% | 8h | 0.09863 | −0.001% | $19K | $3K | 30x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.09864 | +0.009% | $550K | $3.5M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.09868 | +0.053% | $19K | — | 3x | as long as short |
| Reya DOGERUSDPERP | +0.0173% | 1h | 0.09868 | +0.051% | $2K | — | 20x | as long as short |
| Backpack DOGE_USDC_PERP | +0.0179% | 1h | 0.09855 | −0.081% | $521K | $934K | 15x | as long as short |
| 01 Exchange DOGEUSD | +0.0208% | 1h | 0.09871 | +0.084% | $521 | $4K | 10x | as long as short |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.09861 | −0.020% | $15.2M | $23.7M | 75x | as long as short |
| Coinbase International DOGE-PERP-INTX | +0.0224% | 1h | 0.09851 | −0.122% | $2.0M | $22.1M | 50x | as long as short |
| GMX DOGE/USD [ETH-USDC] | L +0.0243% / S −0.0263% | 1h | 0.09865 | +0.016% | $304K | — | 200x | as long as short |
| Kraken Futures PF_DOGEUSD | +0.0290% | 1h | 0.09864 | +0.005% | $6.0M | $31.6M | 50x | as long as short |
| Hyperliquid DOGE | +0.0448% | 1h | 0.09877 | +0.140% | $109.5M | $78.5M | 10x | as long as short |
| RISEx DOGE/USDC | +0.0536% | 1h | 0.09874 | +0.106% | $308K | $470K | 10x | as long as short |
| Injective DOGE/USDC PERP | +0.1013% | 1h | 0.09880 | +0.172% | $5K | $153K | 12x | as long as short |
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-USDT
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
Backpack DOGE_USDC_PERP
01 Exchange DOGEUSD
BloFin DOGE-USDT
Coinbase International DOGE-PERP-INTX
GMX DOGE/USD [ETH-USDC]
Kraken Futures PF_DOGEUSD
Hyperliquid DOGE
RISEx DOGE/USDC
Injective DOGE/USDC PERP