Funding you earn now, next payment 03:00 UTC+0.0142%/8h= +15.6% APRpaid last 24h −0.006%
Price spread now: Phoenix against GRVT−0.288%7-day average +0.054% · you buy dearer than you sell
Net, funding: paid 7d − costs−$62as in the Funding arb table
Net, price: spread back to 7d avg − costs−$74as in the Price arb table
costs, in and out, $10k−$400.400% of the position
Funding, last 7 days−0.222%−$22 on $10k
+Price spread, last 4 days (all we have)+0.438%+$44 · spread now −0.288%, 7d avg +0.054%
=Together, before fees+0.216%+ Points / potential airdropGRVT: Active · farm board+$22 on $10k · with fees, hour by hour
Funding pays, the price is against you. Phoenix is 0.342% cheaper against GRVT than usual: you would sell low and buy high (spread −0.288% now, against its 7-day average of +0.054%). If the spread goes back, that is −$34 on $10k: about 8.0 days of funding at the current rate (+$4 a day). Mind the row above: over the last 7 days funding on this pair cost −0.222%, 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 | GRVT DOGE_USDT_Perp | 0.1009 | 0.0100 | pay 0.0100% / 8h | 4h 02m | $638K | $4.4M | 10x |
| Short | Phoenix DOGE | 0.1006 | 0.0242 | get 0.0030% / 1h | 2m 54s | $65K | $288K | 10x |
GRVT DOGE_USDT_Perp
Phoenix DOGEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix 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
- $29.91
- Price spread: −0.288% → +0.054%
- −$34.19
- Slippage, 4 orders
- −$23.97
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$44.25
- Costs to cover
- 0.400%
- Break-even
- 17.4 days
Slippage from GRVT: live order book, 1 min ago; Phoenix: live order book, 50 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, 1 min ago | 0.50 bp | 7.6 bp −$8 | 15.8 bp −$158 | 51.8 bp −$5,180 | doesn't fit |
| Sell Phoenix live order book, 50 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_DOGEUSD | −0.0031% | 1h | 0.1010 | +0.153% | $5.7M | $35.8M | 50x | as long as short |
| Bitget DOGEUSDT | −0.0025% | 8h | 0.1010 | +0.168% | $152.4M | $278.5M | 75x | as long as short |
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.1010 | +0.163% | $479K | $5.4M | 2.8x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S 0.0000% | 1h | 0.1011 | +0.184% | $24K | — | 150x | as long as short |
| dYdX DOGE-USD | +0.0011% | 1h | 0.1008 | −0.040% | $226K | $49K | 10x | as long as short |
| Lighter DOGE | +0.0096% | 1h | 0.1011 | +0.221% | $738K | $6.3M | 15x | as long as short |
| Katana Perps DOGE-USD | +0.0100% | 8h | 0.1010 | +0.118% | $2K | $470K | 10x | as long as short |
| Nado DOGE-PERP | +0.0100% | 1h | 0.1011 | +0.227% | $531K | $1.0M | 10x | as long as short |
| Aster DOGEUSDT | +0.0100% | 8h | 0.1011 | +0.180% | $4.7M | $50.1M | 75x | as long as short |
| Pacifica DOGE | +0.0100% | 1h | 0.1009 | −0.014% | $327K | $484K | 20x | as long as short |
Kraken Futures PF_DOGEUSD
Bitget DOGEUSDT
Kalshi KXDOGEPERP
gTrade (Gains Network) DOGE/USD
dYdX DOGE-USD
Lighter DOGE
Katana Perps DOGE-USD
Nado DOGE-PERP
Aster DOGEUSDT
Pacifica DOGEShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance DOGEUSDT | +0.0100% | 8h | 0.1012 | +0.277% | $330.4M | $1.49B | 75x | as long as short |
| Bybit DOGEUSDT | +0.0100% | 8h | 0.1011 | +0.237% | $165.9M | $452.5M | 75x | as long as short |
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.1011 | +0.247% | $116.3M | $1.04B | 50x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.1005 | −0.388% | $386K | $859 | 10x | as long as short |
| Gate DOGE_USDT | +0.0100% | 8h | 0.1011 | +0.237% | $249.5M | $136.3M | 75x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.1012 | +0.277% | $113.2M | $237.1M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.1012 | +0.287% | $67.6M | $44.3M | 75x | as long as short |
| BingX DOGE-USDC | +0.0100% | 8h | 0.1011 | +0.217% | — | $3.5M | — | as long as short |
| Backpack DOGE_USDC_PERP | +0.0100% | 1h | 0.1011 | +0.188% | $321K | $1.2M | 15x | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.1006 | −0.251% | $1.1M | $8.2M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.1005 | −0.388% | $305K | $131.9M | 20x | as long as short |
| GRVT DOGE_USDT_Perplong | +0.0100% | 8h | 0.1009 | long leg | $638K | $4.4M | 10x | |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.1005 | −0.368% | $147K | $292K | 25x | as long as short |
| Polymarket Perps DOGE-USD | +0.0100% | 1h | 0.1011 | +0.188% | $262K | $877K | 10x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.1011 | +0.188% | $71K | $440K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.1011 | +0.182% | $25K | $1K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.1012 | +0.329% | $36K | $2.2M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.1010 | +0.168% | $2K | $4.1M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.1010 | +0.131% | $6.1M | $59.1M | 75x | as long as short |
| Phemex DOGEUSDT | +0.0100% | 8h | 0.1011 | +0.178% | $92.9M | $16.9M | 50x | as long as short |
| Paradex DOGE-USD-PERP | +0.0100% | 8h | 0.1009 | +0.021% | $18K | $7K | 30x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.1010 | +0.135% | $496K | $4.1M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.1011 | +0.188% | $19K | — | 3x | as long as short |
| Deribit DOGE_USDC-PERPETUAL | +0.0166% | 1h | 0.1011 | +0.184% | $604K | $119K | 25x | as long as short |
| Reya DOGERUSDPERP | +0.0190% | 1h | 0.1011 | +0.215% | $2K | — | 20x | as long as short |
| 01 Exchange DOGEUSD | +0.0216% | 1h | 0.1011 | +0.194% | $539 | $4K | 10x | as long as short |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.1011 | +0.207% | $16.0M | $25.7M | 75x | as long as short |
| Phoenix DOGEshort | +0.0242% | 1h | 0.1006 | −0.288% | $65K | $288K | 10x | |
| GMX DOGE/USD [ETH-USDC] | L +0.0247% / S −0.0267% | 1h | 0.1011 | +0.180% | $314K | — | 200x | as long as short |
| Hyperliquid DOGE | +0.0265% | 1h | 0.1011 | +0.256% | $123.8M | $102.4M | 10x | as long as short |
| Coinbase International DOGE-PERP-INTX | +0.0296% | 1h | 0.1012 | +0.307% | $2.1M | $28.4M | 50x | as long as short |
| Arcus DOGE-USD | +0.0690% | 1h | 0.1012 | +0.287% | $110K | $199K | 10x | as long as short |
| RISEx DOGE/USDC | +0.0695% | 1h | 0.1011 | +0.228% | $410K | $415K | 10x | as long as short |
| Injective DOGE/USDC PERP | +0.1004% | 1h | 0.1015 | +0.624% | $5K | $239K | 12x | as long as short |
Binance DOGEUSDT
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
Phemex DOGEUSDT
Paradex DOGE-USD-PERP
Extended DOGE-USD
Aevo DOGE-PERP
Deribit DOGE_USDC-PERPETUAL
Reya DOGERUSDPERP
01 Exchange DOGEUSD
BloFin DOGE-USDT
GMX DOGE/USD [ETH-USDC]
Hyperliquid DOGE
Coinbase International DOGE-PERP-INTX
Arcus DOGE-USD
RISEx DOGE/USDC
Injective DOGE/USDC PERP