Funding you earn now, next payment 00:00 UTC+0.0140%/8h= +15.4% APRpaid last 24h −0.015%
Price spread now: Phoenix against Katana Perps+0.142%7-day average +0.047% · 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)−0.048%−$5 on $10k
+Price spread, last 3 days (all we have)+0.007%+$1 · spread now +0.142%, 7d avg +0.047%
=Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Phoenix is 0.095% dearer against Katana Perps than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of +0.047%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Katana Perps DOGE-USD | 0.1011 | 0.0100 | pay 0.0100% / 8h | 7h 09m | $2K | $421K | 10x |
| Short | Phoenix DOGE | 0.1013 | 0.0240 | get 0.0030% / 1h | 9m 06s | $66K | $283K | 10x |
Katana Perps DOGE-USD
Phoenix DOGEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix 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
- $29.5
- Price spread: +0.142% → +0.047%
- $9.52
- Slippage, 4 orders
- no order book: not counted
- Fee Katana Perps: 1.9 bp × 2 orders
- −$3.8
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $28.22
- Costs to cover
- 0.108%
- Break-even
- 0.3 days
Slippage unknown: Katana Perps: no order-book sample; Phoenix: live order book, 59 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 Phoenix live order book, 59 min ago | 1.01 bp | 12.3 bp −$12 | 43.0 bp −$430 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget DOGEUSDT | −0.0166% | 8h | 0.1009 | −0.198% | $153.3M | $271.5M | 75x | as long as short |
| Kraken Futures PF_DOGEUSD | −0.0077% | 1h | 0.1010 | −0.146% | $6.1M | $33.9M | 50x | as long as short |
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.1011 | +0.009% | $416K | $4.9M | 2.8x | as long as short |
| Deribit DOGE_USDC-PERPETUAL | 0.0000% | 1h | 0.1011 | −0.070% | $608K | $119K | 25x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S 0.0000% | 1h | 0.1011 | −0.072% | $24K | — | 150x | as long as short |
| dYdX DOGE-USD | +0.0011% | 1h | 0.1011 | −0.060% | $227K | $44K | 10x | as long as short |
| Lighter DOGE | +0.0096% | 1h | 0.1011 | −0.055% | $798K | $5.9M | 15x | as long as short |
| Katana Perps DOGE-USDlong | +0.0100% | 8h | 0.1011 | long leg | $2K | $421K | 10x | |
| Nado DOGE-PERP | +0.0100% | 1h | 0.1012 | +0.030% | $519K | $972K | 10x | as long as short |
| Aster DOGEUSDT | +0.0100% | 8h | 0.1011 | −0.079% | $5.1M | $46.7M | 75x | as long as short |
Bitget DOGEUSDT
Kraken Futures PF_DOGEUSD
Kalshi KXDOGEPERP
Deribit DOGE_USDC-PERPETUAL
gTrade (Gains Network) DOGE/USD
dYdX DOGE-USD
Lighter DOGE
Nado DOGE-PERP
Aster DOGEUSDTShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica DOGE | +0.0100% | 1h | 0.1011 | −0.004% | $337K | $512K | 20x | as long as short |
| Binance DOGEUSDT | +0.0100% | 8h | 0.1010 | −0.090% | $321.4M | $1.40B | 75x | as long as short |
| Bybit DOGEUSDT | +0.0100% | 8h | 0.1010 | −0.119% | $161.0M | $438.8M | 75x | as long as short |
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.1010 | −0.089% | $111.7M | $974.9M | 50x | as long as short |
| Arcus DOGE-USD | +0.0100% | 1h | 0.1012 | +0.069% | $28K | $74K | 10x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.1003 | −0.802% | $384K | $5K | 10x | as long as short |
| Gate DOGE_USDT | +0.0100% | 8h | 0.1010 | −0.138% | $245.7M | $131.3M | 75x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.1010 | −0.109% | $113.8M | $226.2M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.1011 | −0.069% | $66.3M | $42.4M | 75x | as long as short |
| BingX DOGE-USDT | +0.0100% | 8h | 0.1010 | −0.109% | — | $76.2M | — | as long as short |
| Backpack DOGE_USDC_PERP | +0.0100% | 1h | 0.1010 | −0.099% | $366K | $1.1M | 15x | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.1009 | −0.239% | $996K | $8.1M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.1009 | −0.184% | $270K | $124.7M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.1012 | +0.040% | $644K | $4.5M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.1010 | −0.129% | $148K | $268K | 25x | as long as short |
| Polymarket Perps DOGE-USD | +0.0100% | 1h | 0.1011 | −0.040% | $268K | $634K | 10x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.1011 | −0.079% | $74K | $426K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.1010 | −0.094% | $25K | $1K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.1011 | −0.044% | $35K | $2.2M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.1010 | −0.109% | $2K | $3.8M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.1010 | −0.113% | $6.0M | $52.9M | 75x | as long as short |
| Phemex DOGEUSDT | +0.0100% | 8h | 0.1010 | −0.148% | $93.2M | $18.0M | 50x | as long as short |
| Paradex DOGE-USD-PERP | +0.0100% | 8h | 0.1011 | +0.018% | $18K | $5K | 30x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.1010 | −0.102% | $534K | $3.9M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.1010 | −0.087% | $19K | — | 3x | as long as short |
| 01 Exchange DOGEUSD | +0.0176% | 1h | 0.1011 | +0.004% | $534 | $4K | 10x | as long as short |
| Reya DOGERUSDPERP | +0.0182% | 1h | 0.1011 | −0.041% | $2K | — | 20x | as long as short |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.1011 | −0.079% | $15.5M | $25.8M | 75x | as long as short |
| Coinbase International DOGE-PERP-INTX | +0.0240% | 1h | 0.1011 | −0.049% | $2.1M | $25.3M | 50x | as long as short |
| Phoenix DOGEshort | +0.0240% | 1h | 0.1013 | +0.142% | $66K | $283K | 10x | |
| GMX DOGE/USD [ETH-USDC] | L +0.0247% / S −0.0271% | 1h | 0.1011 | −0.068% | $318K | — | 200x | as long as short |
| RISEx DOGE/USDC | +0.0701% | 1h | 0.1012 | +0.069% | $327K | $404K | 10x | as long as short |
| Hyperliquid DOGE | +0.0772% | 1h | 0.1012 | +0.030% | $123.4M | $95.5M | 10x | as long as short |
| Injective DOGE/USDC PERP | +0.0973% | 1h | 0.1013 | +0.168% | $5K | $239K | 12x | as long as short |
Pacifica DOGE
Binance DOGEUSDT
Bybit DOGEUSDT
OKX DOGE-USDT-SWAP
Arcus DOGE-USD
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
HTX DOGE-USDT
Phemex DOGEUSDT
Paradex DOGE-USD-PERP
Extended DOGE-USD
Aevo DOGE-PERP
01 Exchange DOGEUSD
Reya DOGERUSDPERP
BloFin DOGE-USDT
Coinbase International DOGE-PERP-INTX
GMX DOGE/USD [ETH-USDC]
RISEx DOGE/USDC
Hyperliquid DOGE
Injective DOGE/USDC PERP