DOGE

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0162%/8h= +17.7% APRnext payment +$0.20 per $10,000 · paid last 24h −0.024%

Price spread now: Phoenix against Kraken Futures+0.011%7-day average +0.024% · you sell dearer than you buy

Net, funding: paid 7d − costs−$66as in the Funding arb table

Net, price: spread back to 7d avg − costs−$45as in the Price arb table

costs, in and out, $10k−$440.439% of the position

Long on Kraken Futures Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days−0.225%−$23 on $10k

Price spread, last 4 days (all we have)+0.010%+$1 · spread now +0.011%, 7d avg +0.024%

Together, before fees−0.216%−$22 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.024%, so right now this pair is about funding alone: +$5 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.225%, 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	Kraken Futures PF_DOGEUSD	0.1003	−0.0082	get 0.0010% / 1h	6m 31s	$5.7M	$40.5M	50x
Short	Phoenix DOGE	0.1003	0.0080	get 0.0010% / 1h	6m 31s	$18K	$382K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against Kraken Futures. 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 Kraken FuturesbpFee PhoenixbpOrdersPrice spread, now +0.011%Rate

Funding earned: $34.04
Price spread: +0.011% → +0.024%: −$1.35
Slippage, 4 orders: −$26.89
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$11.2
Costs to cover: 0.439%
Break-even: 9.3 days

Slippage from Kraken Futures: live order book, 3 min ago; Phoenix: live order book, 31 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 Kraken Futures live order book, 3 min ago	2.00 bp	8.9 bp −$9	12.6 bp −$126	30.7 bp −$3,070	doesn't fit
Sell Phoenix live order book, 31 min ago	1.00 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_DOGEUSDlong	−0.0082%	1h	0.1003	long leg	$5.7M	$40.5M	50x
dYdX DOGE-USD	0.0000%	1h	0.1002	−0.092%	$225K	$69K	10x	as long as short
Kalshi KXDOGEPERP	0.0000%	8h	0.1001	−0.191%	$613K	$6.6M	2.8x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S 0.0000%	1h	0.1002	−0.112%	$36K	—	150x	as long as short
Injective DOGE/USDC PERP	+0.0033%	1h	0.1053	+4.971%	$6K	$242K	12x	as long as short
Bitget DOGEUSDT	+0.0042%	8h	0.1002	−0.143%	$142.2M	$344.3M	75x	as long as short
Polymarket Perps DOGE-USD	+0.0055%	1h	0.1002	−0.103%	$264K	$1.2M	10x	as long as short
Phoenix DOGEshort	+0.0080%	1h	0.1003	+0.011%	$18K	$382K	10x
Lighter DOGE	+0.0096%	1h	0.1003	+0.002%	$850K	$6.8M	15x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.1002	−0.093%	$540K	$1.1M	10x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster DOGEUSDT	+0.0100%	8h	0.1003	−0.036%	$4.6M	$58.8M	75x	as long as short
Pacifica DOGE	+0.0100%	1h	0.1003	−0.063%	$320K	$501K	20x	as long as short
Binance DOGEUSDT	+0.0100%	8h	0.1003	−0.033%	$331.0M	$1.72B	75x	as long as short
Bybit DOGEUSDT	+0.0100%	8h	0.1002	−0.083%	$165.2M	$521.4M	75x	as long as short
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.1003	−0.043%	$117.5M	$1.21B	50x	as long as short
Bulk DOGE-USD	+0.0100%	1h	0.1001	−0.245%	$384K	$16K	10x	as long as short
Gate DOGE_USDT	+0.0100%	8h	0.1002	−0.103%	$250.7M	$157.6M	75x	as long as short
MEXC DOGE_USDT	+0.0100%	8h	0.1003	−0.053%	$112.6M	$258.7M	300x	as long as short
KuCoin DOGEUSDTM	+0.0100%	8h	0.1002	−0.083%	$66.9M	$49.9M	75x	as long as short
BingX DOGE-USDC	+0.0100%	8h	0.1002	−0.073%	—	$3.5M	—	as long as short
Backpack DOGE_USDC_PERP	+0.0100%	1h	0.1003	−0.003%	$304K	$1.3M	15x	as long as short
Variational Omni DOGE	+0.0100%	8h	0.1000	−0.306%	$1.1M	$8.7M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.1002	−0.100%	$304K	$140.2M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.1002	−0.063%	$632K	$4.6M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.1003	−0.013%	$146K	$340K	25x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.1002	−0.093%	$70K	$470K	50x	as long as short
Derive DOGE-PERP	+0.0100%	1h	0.1003	−0.037%	$19K	$7K	10x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.1001	−0.259%	$35K	$2.3M	30x	as long as short
SoDEX DOGE-USD	+0.0100%	1h	0.1003	−0.003%	$2K	$5.4M	10x	as long as short
HTX DOGE-USDT	+0.0100%	8h	0.1003	−0.008%	$5.9M	$69.0M	75x	as long as short
Phemex DOGEUSDT	+0.0100%	8h	0.1003	−0.013%	$91.9M	$17.1M	50x	as long as short
Paradex DOGE-USD-PERP	+0.0100%	8h	0.1002	−0.081%	$18K	$5K	30x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.1002	−0.110%	$488K	$4.1M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.1002	−0.070%	$19K	—	3x	as long as short
Katana Perps DOGE-USD	+0.0108%	8h	0.1002	−0.083%	$837	$537K	10x	as long as short
Hyperliquid DOGE	+0.0126%	1h	0.1003	−0.003%	$124.8M	$116.8M	10x	as long as short
Reya DOGERUSDPERP	+0.0198%	1h	0.1002	−0.085%	$2K	—	20x	as long as short
BloFin DOGE-USDT	+0.0220%	8h	0.1003	+0.017%	$16.3M	$27.2M	75x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0240%	1h	0.1003	+0.037%	$1.9M	$34.9M	50x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0250% / S −0.0297%	1h	0.1002	−0.107%	$315K	—	200x	as long as short
01 Exchange DOGEUSD	+0.0264%	1h	0.1003	+0.026%	$446	$4K	10x	as long as short
Deribit DOGE_USDC-PERPETUAL	+0.0359%	1h	0.1003	−0.037%	$575K	$252K	25x	as long as short
Arcus DOGE-USD	+0.0387%	1h	0.1003	−0.063%	$17K	$308K	10x	as long as short
RISEx DOGE/USDC	+0.0626%	1h	0.1003	+0.022%	$403K	$458K	10x	as long as short