DOGE

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0733%/8h= −80.3% APRnext payment −$0.92 per $10,000 · paid last 24h −0.216%

Price spread now: Phoenix against Injective+0.142%7-day average −0.165% · you sell dearer than you buy

Net, funding: paid 7d − costs−$256as in the Funding arb table

Net, price: spread back to 7d avg − costs−$54as in the Price arb table

costs, in and out, $10k−$850.851% of the position

Long on Injective Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days−1.713%−$171 on $10k

Price spread, last 3 days (all we have)−0.162%−$16 · spread now +0.142%, 7d avg −0.165%

Together, before fees−1.875%−$187 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Phoenix is 0.307% dearer against Injective than usual: you sell high and buy low (spread +0.142% now, against its 7-day average of −0.165%): +$31 on $10k if it goes back. Holding the pair costs −$22 a day in funding at the current rate, which eats that in about 33 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective DOGE/USDC PERP	0.1007	0.0973	pay 0.0122% / 1h	15m 47s	$5K	$239K	12x
Short	Phoenix DOGE	0.1008	0.0240	get 0.0030% / 1h	15m 47s	$65K	$283K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against Injective. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee InjectivebpFee PhoenixbpOrdersPrice spread, now +0.142%Rate

Funding earned: −$153.93
Price spread: +0.142% → −0.165%: $30.65
Slippage, 4 orders: −$78.08
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$208.38
Costs to cover: 0.851%
Break-even: never at this rate

Slippage from Injective: live order book, 58 min ago; Phoenix: live order book, 52 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 Injective live order book, 58 min ago	30.21 bp	30.2 bp −$30	doesn't fit	doesn't fit	doesn't fit
Sell Phoenix live order book, 52 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	−0.0171%	8h	0.1013	+0.626%	$154.0M	$271.4M	75x	as long as short
Kraken Futures PF_DOGEUSD	−0.0076%	1h	0.1012	+0.489%	$6.1M	$33.9M	50x	as long as short
Kalshi KXDOGEPERP	0.0000%	8h	0.1012	+0.539%	$420K	$4.8M	2.8x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S 0.0000%	1h	0.1011	+0.421%	$24K	—	150x	as long as short
dYdX DOGE-USD	+0.0013%	1h	0.1009	+0.224%	$227K	$44K	10x	as long as short
Deribit DOGE_USDC-PERPETUAL	+0.0066%	1h	0.1012	+0.490%	$609K	$121K	25x	as long as short
Lighter DOGE	+0.0096%	1h	0.1013	+0.563%	$801K	$5.9M	15x	as long as short
Katana Perps DOGE-USD	+0.0100%	8h	0.1010	+0.328%	$1K	$418K	10x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.1011	+0.367%	$518K	$973K	10x	as long as short
Aster DOGEUSDT	+0.0100%	8h	0.1013	+0.577%	$5.1M	$46.5M	75x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica DOGE	+0.0100%	1h	0.1010	+0.306%	$337K	$511K	20x	as long as short
Binance DOGEUSDT	+0.0100%	8h	0.1014	+0.651%	$322.5M	$1.40B	75x	as long as short
Bybit DOGEUSDT	+0.0100%	8h	0.1014	+0.665%	$160.8M	$438.7M	75x	as long as short
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.1014	+0.685%	$111.9M	$978.8M	50x	as long as short
Arcus DOGE-USD	+0.0100%	1h	0.1011	+0.377%	$28K	$82K	10x	as long as short
Bulk DOGE-USD	+0.0100%	1h	0.1003	−0.379%	$384K	$5K	10x	as long as short
Gate DOGE_USDT	+0.0100%	8h	0.1013	+0.596%	$247.2M	$130.4M	75x	as long as short
MEXC DOGE_USDT	+0.0100%	8h	0.1013	+0.626%	$113.4M	$225.5M	300x	as long as short
KuCoin DOGEUSDTM	+0.0100%	8h	0.1013	+0.556%	$66.4M	$42.5M	75x	as long as short
BingX DOGE-USDC	+0.0100%	8h	0.1013	+0.606%	—	$3.4M	—	as long as short
Backpack DOGE_USDC_PERP	+0.0100%	1h	0.1012	+0.536%	$367K	$1.1M	15x	as long as short
Variational Omni DOGE	+0.0100%	8h	0.1010	+0.337%	$994K	$8.1M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.1005	−0.192%	$266K	$124.4M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.1005	−0.217%	$630K	$4.5M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.1004	−0.298%	$148K	$268K	25x	as long as short
Polymarket Perps DOGE-USD	+0.0100%	1h	0.1010	+0.318%	$269K	$635K	10x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.1011	+0.417%	$74K	$424K	50x	as long as short
Derive DOGE-PERP	+0.0100%	1h	0.1011	+0.411%	$25K	$1K	10x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.1012	+0.464%	$36K	$2.2M	30x	as long as short
SoDEX DOGE-USD	+0.0100%	1h	0.1012	+0.497%	$2K	$3.8M	10x	as long as short
HTX DOGE-USDT	+0.0100%	8h	0.1012	+0.466%	$6.0M	$52.8M	75x	as long as short
Phemex DOGEUSDT	+0.0100%	8h	0.1012	+0.497%	$93.4M	$17.9M	50x	as long as short
Paradex DOGE-USD-PERP	+0.0100%	8h	0.1010	+0.318%	$18K	$5K	30x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.1013	+0.559%	$534K	$3.9M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.1012	+0.531%	$19K	—	3x	as long as short
01 Exchange DOGEUSD	+0.0176%	1h	0.1011	+0.391%	$534	$4K	10x	as long as short
Reya DOGERUSDPERP	+0.0182%	1h	0.1011	+0.356%	$2K	—	20x	as long as short
BloFin DOGE-USDT	+0.0220%	8h	0.1008	+0.149%	$15.5M	$25.7M	75x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0240%	1h	0.1012	+0.487%	$2.0M	$25.2M	50x	as long as short
Phoenix DOGEshort	+0.0240%	1h	0.1008	+0.142%	$65K	$283K	10x
GMX DOGE/USD [ETH-USDC]	L +0.0247% / S −0.0272%	1h	0.1011	+0.406%	$317K	—	200x	as long as short
RISEx DOGE/USDC	+0.0701%	1h	0.1011	+0.368%	$327K	$404K	10x	as long as short
Hyperliquid DOGE	+0.0802%	1h	0.1015	+0.814%	$123.6M	$95.4M	10x	as long as short
Injective DOGE/USDC PERPlong	+0.0973%	1h	0.1007	long leg	$5K	$239K	12x