Funding you earn now, next payment 20:00 UTC+0.0011%/8h= +1.2% APRpaid last 24h −0.016%
Price spread now: Phoenix against Gate+0.133%7-day average +0.057% · you sell dearer than you buy
Net, funding: paid 7d − costs−$65as in the Funding arb table
Net, price: spread back to 7d avg − costs−$40as in the Price arb table
costs, in and out, $10k−$480.481% of the position
Funding, last 7 days−0.165%−$17 on $10k
+Price spread, last 3 days (all we have)+0.286%+$29 · spread now +0.133%, 7d avg +0.057%
=Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and Phoenix is 0.076% dearer against Gate than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.057%. Mind the row above: over the last 7 days funding on this pair cost −0.165%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate DOGE_USDT | 0.09981 | 0.0070 | pay 0.0070% / 8h | 2h 57m | $237.4M | $117.5M | 75x |
| Short | Phoenix DOGE | 0.09994 | 0.0081 | get 0.0010% / 1h | 57m 05s | $17K | $225K | 10x |
Gate DOGE_USDT
Phoenix DOGEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix 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
- $2.35
- Price spread: +0.133% → +0.057%
- $7.58
- Slippage, 4 orders
- −$26.07
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$38.13
- Costs to cover
- 0.481%
- Break-even
- 120.5 days
Slippage from Gate: live order book, 2 min ago; Phoenix: live order book, 26 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, 2 min ago | 0.50 bp | 11.4 bp −$11 | 17.4 bp −$174 | 33.9 bp −$3,395 | 55.6 bp −$27.8K |
| Sell Phoenix live order book, 26 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 DOGEUSDT | −0.0272% | 8h | 0.09999 | +0.180% | $153.8M | $259.3M | 75x | as long as short |
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.09982 | +0.011% | $338K | $4.3M | 2.8x | as long as short |
| Deribit DOGE_USDC-PERPETUAL | 0.0000% | 1h | 0.09984 | +0.030% | $624K | $89K | 25x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S −0.0001% | 1h | 0.09979 | −0.024% | $33K | — | 150x | as long as short |
| 01 Exchange DOGEUSD | +0.0064% | 1h | 0.09984 | +0.031% | $527 | $4K | 10x | as long as short |
| Gate DOGE_USDTlong | +0.0070% | 8h | 0.09981 | long leg | $237.4M | $117.5M | 75x | |
| Phoenix DOGEshort | +0.0081% | 1h | 0.09994 | +0.133% | $17K | $225K | 10x | |
| Katana Perps DOGE-USD | +0.0094% | 8h | 0.09984 | +0.030% | $854 | $328K | 10x | as long as short |
| Lighter DOGE | +0.0096% | 1h | 0.09992 | +0.110% | $814K | $5.0M | 15x | as long as short |
| Nado DOGE-PERP | +0.0100% | 1h | 0.09979 | −0.015% | $712K | $656K | 10x | as long as short |
Bitget DOGEUSDT
Kalshi KXDOGEPERP
Deribit DOGE_USDC-PERPETUAL
gTrade (Gains Network) DOGE/USD
01 Exchange DOGEUSD
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 | 0.09982 | +0.014% | $4.9M | $40.2M | 75x | as long as short |
| Pacifica DOGE | +0.0100% | 1h | 0.09979 | −0.016% | $342K | $524K | 20x | as long as short |
| Binance DOGEUSDT | +0.0100% | 8h | 0.09996 | +0.154% | $320.8M | $1.25B | 75x | as long as short |
| Bybit DOGEUSDT | +0.0100% | 8h | 0.1000 | +0.230% | $156.9M | $394.4M | 75x | as long as short |
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.1001 | +0.321% | $108.6M | $893.1M | 50x | as long as short |
| Arcus DOGE-USD | +0.0100% | 1h | 0.09985 | +0.040% | $28K | $76K | 10x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.1002 | +0.391% | $384K | $19K | 10x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.09988 | +0.070% | $113.6M | $201.0M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.09987 | +0.060% | $65.9M | $38.8M | 75x | as long as short |
| BingX DOGE-USDT | +0.0100% | 8h | 0.09986 | +0.050% | — | $73.1M | — | as long as short |
| Backpack DOGE_USDC_PERP | +0.0100% | 1h | 0.09991 | +0.100% | $526K | $804K | 15x | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.1004 | +0.568% | $1.1M | $7.6M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.1002 | +0.367% | $266K | $109.4M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.1002 | +0.352% | $631K | $4.7M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.1001 | +0.291% | $143K | $221K | 25x | as long as short |
| Polymarket Perps DOGE-USD | +0.0100% | 1h | 0.09980 | −0.009% | $278K | $551K | 10x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.09982 | +0.010% | $73K | $359K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.09982 | +0.014% | $24K | $1K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.09983 | +0.022% | $35K | $2.2M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.09982 | +0.010% | $2K | $3.3M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.09989 | +0.078% | $6.0M | $45.9M | 75x | as long as short |
| Phemex DOGEUSDT | +0.0100% | 8h | 0.09985 | +0.040% | $92.7M | $18.9M | 50x | as long as short |
| Paradex DOGE-USD-PERP | +0.0100% | 8h | 0.09972 | −0.094% | $19K | $3K | 30x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.1001 | +0.265% | $541K | $3.5M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.09983 | +0.021% | $19K | — | 3x | as long as short |
| Reya DOGERUSDPERP | +0.0173% | 1h | 0.09981 | +0.001% | $2K | — | 20x | as long as short |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.09983 | +0.020% | $15.4M | $23.9M | 75x | as long as short |
| Coinbase International DOGE-PERP-INTX | +0.0224% | 1h | 0.09982 | +0.010% | $2.0M | $22.2M | 50x | as long as short |
| GMX DOGE/USD [ETH-USDC] | L +0.0243% / S −0.0212% | 1h | 0.09978 | −0.027% | $337K | — | 200x | as long as short |
| dYdX DOGE-USD | +0.0248% | 1h | 0.09971 | −0.100% | $224K | $44K | 10x | as long as short |
| Kraken Futures PF_DOGEUSD | +0.0286% | 1h | 0.09987 | +0.056% | $6.9M | $30.4M | 50x | as long as short |
| RISEx DOGE/USDC | +0.0536% | 1h | 0.09986 | +0.052% | $314K | $485K | 10x | as long as short |
| Hyperliquid DOGE | +0.0697% | 1h | 0.1000 | +0.200% | $115.8M | $74.2M | 10x | as long as short |
| Injective DOGE/USDC PERP | +0.1013% | 1h | 0.1001 | +0.291% | $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
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
Phemex DOGEUSDT
Paradex DOGE-USD-PERP
Extended DOGE-USD
Aevo DOGE-PERP
Reya DOGERUSDPERP
BloFin DOGE-USDT
Coinbase International DOGE-PERP-INTX
GMX DOGE/USD [ETH-USDC]
dYdX DOGE-USD
Kraken Futures PF_DOGEUSD
RISEx DOGE/USDC
Hyperliquid DOGE
Injective DOGE/USDC PERP