Funding you earn now, next payment 08:00 UTC−0.0013%/8h= −1.4% APRnext payment −$0.13 per $10,000 · paid last 24h 0.000%
Price spread now: Phemex against Katana Perps+0.091%7-day average +0.029% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)+0.028%+$3 on $10k
+Price spread, last 4 days (all we have)−0.080%−$8 · spread now +0.091%, 7d avg +0.029%
=The price spread pays, funding is against you. Phemex is 0.062% dearer against Katana Perps than usual: you sell high and buy low (spread +0.091% now, against its 7-day average of +0.029%): +$6 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 16 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Katana Perps DOGE-USD | 0.09910 | 0.0113 | pay 0.0113% / 8h | 2h 35m | $2K | $524K | 10x |
| Short | Phemex DOGEUSDT | 0.09919 | 0.0100 | get 0.0100% / 8h | 2h 35m | $91.2M | $17.1M | 50x |
Katana Perps DOGE-USD
Phemex DOGEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against Katana Perps. 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
- −$2.63
- Price spread: +0.091% → +0.029%
- $6.18
- Slippage, 4 orders
- no order book: not counted
- Fee Katana Perps: 1.9 bp × 2 orders
- −$3.8
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$12.25
- Costs to cover
- 0.158%
- Break-even
- never at this rate
Slippage unknown: Katana Perps: no order-book sample; Phemex: live order book, 4 min ago. Net counts fees only.
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 Katana Perps no order-book sample | — | — | — | — | — |
| Sell Phemex live order book, 4 min ago | 2.52 bp | 18.3 bp −$18 | 31.0 bp −$310 | doesn't fit | doesn't fit |
Katana Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | 0.09920 | +0.104% | $639K | $6.4M | 2.8x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S 0.0000% | 1h | 0.09921 | +0.108% | $34K | — | 150x | as long as short |
| dYdX DOGE-USD | +0.0002% | 1h | 0.09919 | +0.086% | $223K | $70K | 10x | as long as short |
| Kraken Futures PF_DOGEUSD | +0.0002% | 1h | 0.09905 | −0.047% | $5.6M | $39.9M | 50x | as long as short |
| Polymarket Perps DOGE-USD | +0.0034% | 1h | 0.09917 | +0.066% | $267K | $1.2M | 10x | as long as short |
| Lighter DOGE | +0.0096% | 1h | 0.09928 | +0.180% | $727K | $6.5M | 15x | as long as short |
| Nado DOGE-PERP | +0.0100% | 1h | 0.09923 | +0.131% | $537K | $1.1M | 10x | as long as short |
| Aster DOGEUSDT | +0.0100% | 8h | 0.09923 | +0.134% | $4.4M | $56.8M | 75x | as long as short |
| Pacifica DOGE | +0.0100% | 1h | 0.09924 | +0.145% | $318K | $516K | 20x | as long as short |
| Binance DOGEUSDT | +0.0100% | 8h | 0.09925 | +0.150% | $323.8M | $1.67B | 75x | as long as short |
Kalshi KXDOGEPERP
gTrade (Gains Network) DOGE/USD
dYdX DOGE-USD
Kraken Futures PF_DOGEUSD
Polymarket Perps DOGE-USD
Lighter DOGE
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 | 0.09923 | +0.131% | $163.0M | $516.0M | 75x | as long as short |
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.09924 | +0.141% | $115.1M | $1.16B | 50x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.09945 | +0.356% | $382K | $16K | 10x | as long as short |
| Gate DOGE_USDT | +0.0100% | 8h | 0.09919 | +0.091% | $247.4M | $151.0M | 75x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.09923 | +0.131% | $111.3M | $251.8M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.09924 | +0.141% | $65.9M | $49.4M | 75x | as long as short |
| Bitget DOGEUSDT | +0.0100% | 8h | 0.09912 | +0.020% | $133.1M | $331.2M | 75x | as long as short |
| BingX DOGE-USDC | +0.0100% | 8h | 0.09918 | +0.081% | — | $3.5M | — | as long as short |
| Backpack DOGE_USDC_PERP | +0.0100% | 1h | 0.09919 | +0.091% | $299K | $1.3M | 15x | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.09898 | −0.121% | $1.1M | $8.7M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.09909 | −0.008% | $304K | $138.6M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.09908 | −0.020% | $629K | $4.7M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.09910 | 0.000% | $147K | $339K | 25x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.09901 | −0.091% | $63K | $469K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.09900 | −0.103% | $18K | $7K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.09906 | −0.042% | $34K | $2.3M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.09903 | −0.071% | $2K | $5.3M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.09899 | −0.113% | $5.9M | $67.6M | 75x | as long as short |
| Phemex DOGEUSDTshort | +0.0100% | 8h | 0.09919 | +0.091% | $91.2M | $17.1M | 50x | |
| Paradex DOGE-USD-PERP | +0.0100% | 8h | 0.09922 | +0.120% | $18K | $5K | 30x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.09920 | +0.100% | $478K | $4.1M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.09903 | −0.076% | $19K | — | 3x | as long as short |
| Katana Perps DOGE-USDlong | +0.0113% | 8h | 0.09910 | long leg | $2K | $524K | 10x | |
| Hyperliquid DOGE | +0.0123% | 1h | 0.09931 | +0.211% | $123.7M | $114.6M | 10x | as long as short |
| 01 Exchange DOGEUSD | +0.0176% | 1h | 0.09924 | +0.142% | $441 | $4K | 10x | as long as short |
| Deribit DOGE_USDC-PERPETUAL | +0.0184% | 1h | 0.09906 | −0.043% | $563K | $247K | 25x | as long as short |
| Reya DOGERUSDPERP | +0.0194% | 1h | 0.09922 | +0.125% | $2K | — | 20x | as long as short |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.09918 | +0.081% | $16.0M | $26.8M | 75x | as long as short |
| Arcus DOGE-USD | +0.0231% | 1h | 0.09930 | +0.202% | $107K | $207K | 10x | as long as short |
| Phoenix DOGE | +0.0240% | 1h | 0.09920 | +0.096% | $18K | $382K | 10x | as long as short |
| GMX DOGE/USD [ETH-USDC] | L +0.0250% / S −0.0285% | 1h | 0.09921 | +0.106% | $318K | — | 200x | as long as short |
| Coinbase International DOGE-PERP-INTX | +0.0304% | 1h | 0.09901 | −0.091% | $2.0M | $33.7M | 50x | as long as short |
| RISEx DOGE/USDC | +0.0686% | 1h | 0.09925 | +0.151% | $400K | $442K | 10x | as long as short |
| Injective DOGE/USDC PERP | +0.1217% | 1h | 0.1053 | +6.256% | $6K | $242K | 12x | as long as short |
Bybit DOGEUSDT
OKX DOGE-USDT-SWAP
Bulk DOGE-USD
Gate DOGE_USDT
MEXC DOGE_USDT
KuCoin DOGEUSDTM
Bitget DOGEUSDT
BingX DOGE-USDC
Backpack DOGE_USDC_PERP
Variational Omni DOGE
edgeX DOGEUSDC
GRVT DOGE_USDT_Perp
ApeX Omni DOGEUSDT
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
Hyperliquid DOGE
01 Exchange DOGEUSD
Deribit DOGE_USDC-PERPETUAL
Reya DOGERUSDPERP
BloFin DOGE-USDT
Arcus DOGE-USD
Phoenix DOGE
GMX DOGE/USD [ETH-USDC]
Coinbase International DOGE-PERP-INTX
RISEx DOGE/USDC
Injective DOGE/USDC PERP