Funding you earn now, next payment 04:00 UTC+0.0135%/8h= +14.8% APRpaid last 24h −0.002%
Price spread now: Phoenix against HTX+1.242%72s7-day average +0.005% · 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—prices read too far apart to compare
costs, in and out, $10k−$430.427% of the position
Funding, last 7 days−0.219%−$22 on $10k
+Price spread, last 4 days (all we have)−1.246%−$125 · spread now +1.242%, 7d avg +0.005%
=Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Phoenix is 1.237% dearer against HTX than usual: you sell high and buy low: +$124 more if the spread goes back to its 7-day average of +0.005%. Mind the row above: over the last 7 days funding on this pair cost −0.219%, so the current rate has only just turned in your favour. The two prices were read 72 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 | HTX DOGE-USDT | 0.1042 | 0.0100 | pay 0.0100% / 8h | 3h 31m | $6.2M | $64.4M | 75x |
| Short | Phoenix DOGE | 0.1055 | 0.0235 | get 0.0029% / 1h | 31m 56s | $19K | $292K | 10x |
HTX DOGE-USDT
Phoenix DOGEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against HTX. 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
- $28.32
- Price spread: +1.242% → +0.005%
- $123.74
- Slippage, 4 orders
- −$23.7
- Fee HTX: 6 bp × 2 orders
- −$12
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $109.36
- Costs to cover
- 0.427%
- Break-even
- from the start
Slippage from HTX: live order book, 2 min ago; Phoenix: live order book, 16 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 HTX live order book, 2 min ago | 0.81 bp | 7.2 bp −$7 | 14.7 bp −$147 | 44.0 bp −$4,402 | doesn't fit |
| Sell Phoenix live order book, 16 min ago | 0.95 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 | |
|---|---|---|---|---|---|---|---|---|
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.1044 | +0.241% | $738K | $6.2M | 2.8x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S 0.0000% | 1h | 0.1041 | −0.066% | $25K | — | 150x | as long as short |
| dYdX DOGE-USD | +0.0003% | 1h | 0.1045 | +0.305% | $235K | $70K | 10x | as long as short |
| Bitget DOGEUSDT | +0.0040% | 8h | 0.1040 | −0.147% | $136.8M | $313.9M | 75x | as long as short |
| Lighter DOGE | +0.0096% | 1h | 0.1043 | +0.058% | $740K | $6.4M | 15x | as long as short |
| Nado DOGE-PERP | +0.0100% | 1h | 0.1042 | +0.021% | $565K | $1.1M | 10x | as long as short |
| Aster DOGEUSDT | +0.0100% | 8h | 0.1041 | −0.082% | $5.0M | $54.0M | 75x | as long as short |
| Pacifica DOGE | +0.0100% | 1h | 0.1045 | +0.333% | $337K | $514K | 20x | as long as short |
| Binance DOGEUSDT | +0.0100% | 8h | 0.1041 | −0.082% | $346.6M | $1.59B | 75x | as long as short |
| Bybit DOGEUSDT | +0.0100% | 8h | 0.1041 | −0.128% | $172.6M | $492.2M | 75x | as long as short |
Kalshi KXDOGEPERP
gTrade (Gains Network) DOGE/USD
dYdX DOGE-USD
Bitget DOGEUSDT
Lighter DOGE
Nado DOGE-PERP
Aster DOGEUSDT
Pacifica DOGE
Binance DOGEUSDT
Bybit DOGEUSDTShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.1041 | −0.128% | $119.0M | $1.16B | 50x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.1046 | +0.416% | $402K | $16K | 10x | as long as short |
| Gate DOGE_USDT | +0.0100% | 8h | 0.1041 | −0.099% | $257.9M | $143.7M | 75x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.1041 | −0.128% | $117.7M | $242.1M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.1040 | −0.156% | $68.5M | $47.7M | 75x | as long as short |
| BingX DOGE-USDT | +0.0100% | 8h | 0.1041 | −0.051% | — | $79.3M | — | as long as short |
| Backpack DOGE_USDC_PERP | +0.0100% | 1h | 0.1041 | −0.137% | $350K | $1.2M | 15x | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.1048 | +0.560% | $1.2M | $8.4M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.1050 | +0.759% | $335K | $135.1M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.1050 | +0.813% | $664K | $4.5M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.1053 | +1.062% | $154K | $324K | 25x | as long as short |
| Polymarket Perps DOGE-USD | +0.0100% | 1h | 0.1043 | +0.074% | $263K | $954K | 10x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.1042 | +0.026% | $73K | $446K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.1042 | +0.019% | $26K | $1K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.1042 | +0.013% | $36K | $2.2M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.1042 | +0.007% | $2K | $5.0M | 10x | as long as short |
| HTX DOGE-USDTlong | +0.0100% | 8h | 0.1042 | long leg | $6.2M | $64.4M | 75x | |
| Phemex DOGEUSDT | +0.0100% | 8h | 0.1042 | −0.022% | $95.8M | $17.1M | 50x | as long as short |
| Paradex DOGE-USD-PERP | +0.0103% | 8h | 0.1044 | +0.203% | $19K | $7K | 30x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.1040 | −0.157% | $502K | $4.1M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.1042 | +0.007% | $20K | — | 3x | as long as short |
| Katana Perps DOGE-USD | +0.0124% | 8h | 0.1044 | +0.179% | $998 | $494K | 10x | as long as short |
| Reya DOGERUSDPERP | +0.0192% | 1h | 0.1041 | −0.045% | $2K | — | 20x | as long as short |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.1045 | +0.323% | $16.7M | $27.5M | 75x | as long as short |
| Deribit DOGE_USDC-PERPETUAL | +0.0230% | 1h | 0.1042 | +0.042% | $587K | $242K | 25x | as long as short |
| Phoenix DOGEshort | +0.0235% | 1h | 0.1055 | +1.242% | $19K | $292K | 10x | |
| Kraken Futures PF_DOGEUSD | +0.0242% | 1h | 0.1042 | −0.020% | $5.6M | $38.4M | 50x | as long as short |
| GMX DOGE/USD [ETH-USDC] | L +0.0260% / S −0.0320% | 1h | 0.1041 | −0.054% | $344K | — | 200x | as long as short |
| 01 Exchange DOGEUSD | +0.0264% | 1h | 0.1044 | +0.243% | $464 | $4K | 10x | as long as short |
| Coinbase International DOGE-PERP-INTX | +0.0304% | 1h | 0.1042 | +0.045% | $2.2M | $32.8M | 50x | as long as short |
| Hyperliquid DOGE | +0.0543% | 1h | 0.1043 | +0.073% | $130.3M | $109.0M | 10x | as long as short |
| Arcus DOGE-USD | +0.0634% | 1h | 0.1045 | +0.314% | $113K | $200K | 10x | as long as short |
| RISEx DOGE/USDC | +0.0728% | 1h | 0.1045 | +0.275% | $422K | $427K | 10x | as long as short |
| Injective DOGE/USDC PERP | +0.1062% | 1h | 0.1053 | +1.062% | $6K | $242K | 12x | as long as short |
OKX DOGE-USDT-SWAP
Bulk DOGE-USD
Gate DOGE_USDT
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
Phemex DOGEUSDT
Paradex DOGE-USD-PERP
Extended DOGE-USD
Aevo DOGE-PERP
Katana Perps DOGE-USD
Reya DOGERUSDPERP
BloFin DOGE-USDT
Deribit DOGE_USDC-PERPETUAL
Kraken Futures PF_DOGEUSD
GMX DOGE/USD [ETH-USDC]
01 Exchange DOGEUSD
Coinbase International DOGE-PERP-INTX
Hyperliquid DOGE
Arcus DOGE-USD
RISEx DOGE/USDC
Injective DOGE/USDC PERP