Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Phemex against GRVT+0.098%77s7-day average +0.044% · you sell dearer than you buy
Net, funding: paid 7d − costs−$39as 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−$350.348% of the position
Funding, last 7 days−0.038%−$4 on $10k
+Price spread, last 4 days (all we have)−0.075%−$7 · spread now +0.098%, 7d avg +0.044%
=Together, before fees−0.113%+ Points / potential airdropGRVT: Active · farm board−$11 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.054% dearer against GRVT than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.044%. The two prices were read 77 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 | GRVT DOGE_USDT_Perp | 0.09949 | 0.0100 | pay 0.0100% / 8h | 5h 13m | $631K | $4.4M | 10x |
| Short | Phemex DOGEUSDT | 0.09959 | 0.0100 | get 0.0100% / 8h | 5h 13m | $91.6M | $16.6M | 50x |
GRVT DOGE_USDT_Perp
Phemex DOGEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against GRVT. 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
- $0
- Price spread: +0.098% → +0.044%
- $5.36
- Slippage, 4 orders
- −$13.77
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$29.41
- Costs to cover
- 0.348%
- Break-even
- never at this rate
Slippage from GRVT: live order book, 5 min ago; Phemex: live order book, 5 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 GRVT live order book, 5 min ago | 0.50 bp | 7.6 bp −$8 | 17.4 bp −$174 | 54.1 bp −$5,411 | doesn't fit |
| Sell Phemex live order book, 5 min ago | 1.00 bp | 10.4 bp −$10 | 16.4 bp −$164 | 35.8 bp −$3,575 | 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 | −0.0075% | 8h | 0.09939 | −0.103% | $150.4M | $274.0M | 75x | as long as short |
| dYdX DOGE-USD | 0.0000% | 1h | 0.09959 | +0.093% | $224K | $49K | 10x | as long as short |
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.09965 | +0.162% | $430K | $5.2M | 2.8x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S 0.0000% | 1h | 0.09957 | +0.081% | $24K | — | 150x | as long as short |
| Lighter DOGE | +0.0096% | 1h | 0.09966 | +0.166% | $772K | $6.2M | 15x | as long as short |
| Katana Perps DOGE-USD | +0.0100% | 8h | 0.09964 | +0.148% | $900 | $443K | 10x | as long as short |
| Nado DOGE-PERP | +0.0100% | 1h | 0.09958 | +0.093% | $533K | $996K | 10x | as long as short |
| Aster DOGEUSDT | +0.0100% | 8h | 0.09958 | +0.084% | $4.7M | $48.7M | 75x | as long as short |
| Pacifica DOGE | +0.0100% | 1h | 0.09964 | +0.144% | $327K | $483K | 20x | as long as short |
| Binance DOGEUSDT | +0.0100% | 8h | 0.09945 | −0.043% | $318.3M | $1.44B | 75x | as long as short |
Bitget DOGEUSDT
dYdX DOGE-USD
Kalshi KXDOGEPERP
gTrade (Gains Network) DOGE/USD
Lighter DOGE
Katana Perps DOGE-USD
Nado DOGE-PERP
Aster DOGEUSDT
Pacifica DOGE
Binance DOGEUSDTShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit DOGEUSDT | +0.0100% | 8h | 0.09942 | −0.073% | $160.1M | $441.7M | 75x | as long as short |
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.09943 | −0.063% | $111.0M | $986.3M | 50x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.09966 | +0.168% | $382K | $0 | 10x | as long as short |
| Gate DOGE_USDT | +0.0100% | 8h | 0.09943 | −0.063% | $243.3M | $133.6M | 75x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.09946 | −0.033% | $111.7M | $231.4M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.09952 | +0.027% | $65.9M | $43.4M | 75x | as long as short |
| BingX DOGE-USDC | +0.0100% | 8h | 0.09943 | −0.063% | — | $3.5M | — | as long as short |
| Backpack DOGE_USDC_PERP | +0.0100% | 1h | 0.09957 | +0.078% | $328K | $1.1M | 15x | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.09975 | +0.254% | $988K | $8.2M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.09941 | −0.086% | $295K | $129.0M | 20x | as long as short |
| GRVT DOGE_USDT_Perplong | +0.0100% | 8h | 0.09949 | long leg | $631K | $4.4M | 10x | |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.09940 | −0.093% | $145K | $279K | 25x | as long as short |
| Polymarket Perps DOGE-USD | +0.0100% | 1h | 0.09952 | +0.031% | $252K | $739K | 10x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.09962 | +0.128% | $70K | $438K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.09960 | +0.106% | $24K | $1K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.09962 | +0.126% | $35K | $2.2M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.09962 | +0.128% | $2K | $3.9M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.09955 | +0.060% | $6.0M | $56.7M | 75x | as long as short |
| Phemex DOGEUSDTshort | +0.0100% | 8h | 0.09959 | +0.098% | $91.6M | $16.6M | 50x | |
| Paradex DOGE-USD-PERP | +0.0102% | 8h | 0.09962 | +0.132% | $18K | $6K | 30x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.09947 | −0.024% | $499K | $4.1M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.09959 | +0.095% | $19K | — | 3x | as long as short |
| Deribit DOGE_USDC-PERPETUAL | +0.0121% | 1h | 0.09964 | +0.148% | $595K | $118K | 25x | as long as short |
| Reya DOGERUSDPERP | +0.0187% | 1h | 0.09957 | +0.079% | $2K | — | 20x | as long as short |
| 01 Exchange DOGEUSD | +0.0216% | 1h | 0.09971 | +0.214% | $531 | $4K | 10x | as long as short |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.09965 | +0.158% | $15.7M | $25.1M | 75x | as long as short |
| Phoenix DOGE | +0.0240% | 1h | 0.09951 | +0.017% | $65K | $288K | 10x | as long as short |
| GMX DOGE/USD [ETH-USDC] | L +0.0246% / S −0.0269% | 1h | 0.09957 | +0.078% | $312K | — | 200x | as long as short |
| Coinbase International DOGE-PERP-INTX | +0.0248% | 1h | 0.09966 | +0.168% | $2.3M | $26.4M | 50x | as long as short |
| Kraken Futures PF_DOGEUSD | +0.0307% | 1h | 0.09959 | +0.098% | $5.7M | $35.3M | 50x | as long as short |
| Hyperliquid DOGE | +0.0531% | 1h | 0.09971 | +0.215% | $121.6M | $99.8M | 10x | as long as short |
| RISEx DOGE/USDC | +0.0747% | 1h | 0.09971 | +0.223% | $403K | $368K | 10x | as long as short |
| Arcus DOGE-USD | +0.0781% | 1h | 0.09978 | +0.289% | $128K | $179K | 10x | as long as short |
| Injective DOGE/USDC PERP | +0.1072% | 1h | 0.1000 | +0.510% | $5K | $239K | 12x | as long as short |
Bybit DOGEUSDT
OKX DOGE-USDT-SWAP
Bulk DOGE-USD
Gate DOGE_USDT
MEXC DOGE_USDT
KuCoin DOGEUSDTM
BingX DOGE-USDC
Backpack DOGE_USDC_PERP
Variational Omni DOGE
edgeX DOGEUSDC
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
Deribit DOGE_USDC-PERPETUAL
Reya DOGERUSDPERP
01 Exchange DOGEUSD
BloFin DOGE-USDT
Phoenix DOGE
GMX DOGE/USD [ETH-USDC]
Coinbase International DOGE-PERP-INTX
Kraken Futures PF_DOGEUSD
Hyperliquid DOGE
RISEx DOGE/USDC
Arcus DOGE-USD
Injective DOGE/USDC PERP