Funding you earn now, next payment 04:00 UTC+0.0135%/8h= +14.8% APRpaid last 24h −0.002%
Price spread now: Phoenix against KuCoin−0.043%48s7-day average +0.049% · you buy dearer than you sell
Net, funding: paid 7d − costs−$60as 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−$450.449% of the position
Funding, last 7 days−0.155%−$16 on $10k
+Price spread, last 4 days (all we have)+0.235%+$24 · spread now −0.043%, 7d avg +0.049%
=Funding pays, the price is against you. Phoenix is 0.091% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.043% now, against its 7-day average of +0.049%). If the spread goes back, that is −$9 on $10k: about 2.3 days of funding at the current rate (+$4 a day). Mind the row above: over the last 7 days funding on this pair cost −0.155%, so the current rate has only just turned in your favour. The two prices were read 48 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 | KuCoin DOGEUSDTM | 0.1001 | 0.0100 | pay 0.0100% / 8h | 2h 54m | $66.4M | $49.1M | 75x |
| Short | Phoenix DOGE | 0.1000 | 0.0235 | get 0.0029% / 1h | 54m 42s | $18K | $382K | 10x |
KuCoin DOGEUSDTM
Phoenix DOGEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against KuCoin. 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: −0.043% → +0.049%
- −$9.15
- Slippage, 4 orders
- −$25.9
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$25.73
- Costs to cover
- 0.449%
- Break-even
- 13.4 days
Slippage from KuCoin: live order book, 9 min ago; Phoenix: live order book, 53 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 KuCoin live order book, 9 min ago | 1.49 bp | 11.9 bp −$12 | 20.8 bp −$208 | 51.4 bp −$5,143 | doesn't fit |
| Sell Phoenix live order book, 53 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 | |
|---|---|---|---|---|---|---|---|---|
| Polymarket Perps DOGE-USD | −0.0002% | 1h | 0.09985 | −0.225% | $263K | $1.1M | 10x | as long as short |
| dYdX DOGE-USD | 0.0000% | 1h | 0.1001 | +0.006% | $225K | $70K | 10x | as long as short |
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.1000 | −0.034% | $646K | $6.4M | 2.8x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S 0.0000% | 1h | 0.1000 | −0.062% | $34K | — | 150x | as long as short |
| Kraken Futures PF_DOGEUSD | +0.0002% | 1h | 0.1001 | 0.000% | $5.6M | $40.6M | 50x | as long as short |
| Lighter DOGE | +0.0096% | 1h | 0.1001 | +0.065% | $739K | $6.5M | 15x | as long as short |
| Nado DOGE-PERP | +0.0100% | 1h | 0.09990 | −0.165% | $547K | $1.1M | 10x | as long as short |
| Hyperliquid DOGE | +0.0100% | 1h | 0.1001 | +0.070% | $124.9M | $113.8M | 10x | as long as short |
| Aster DOGEUSDT | +0.0100% | 8h | 0.1000 | −0.024% | $4.4M | $56.3M | 75x | as long as short |
| Pacifica DOGE | +0.0100% | 1h | 0.1001 | +0.012% | $320K | $524K | 20x | as long as short |
Polymarket Perps DOGE-USD
dYdX DOGE-USD
Kalshi KXDOGEPERP
gTrade (Gains Network) DOGE/USD
Kraken Futures PF_DOGEUSD
Lighter DOGE
Nado DOGE-PERP
Hyperliquid DOGE
Aster DOGEUSDT
Pacifica DOGEShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance DOGEUSDT | +0.0100% | 8h | 0.1001 | +0.002% | $325.6M | $1.65B | 75x | as long as short |
| Bybit DOGEUSDT | +0.0100% | 8h | 0.1000 | −0.050% | $162.9M | $510.9M | 75x | as long as short |
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.1000 | −0.030% | $114.1M | $1.16B | 50x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.1002 | +0.119% | $385K | $16K | 10x | as long as short |
| Gate DOGE_USDT | +0.0100% | 8h | 0.1000 | −0.050% | $246.7M | $148.8M | 75x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.1000 | −0.030% | $114.5M | $249.2M | 300x | as long as short |
| KuCoin DOGEUSDTMlong | +0.0100% | 8h | 0.1001 | long leg | $66.4M | $49.1M | 75x | |
| Bitget DOGEUSDT | +0.0100% | 8h | 0.1001 | −0.010% | $130.0M | $322.7M | 75x | as long as short |
| BingX DOGE-USDC | +0.0100% | 8h | 0.1000 | −0.050% | — | $3.5M | — | as long as short |
| Backpack DOGE_USDC_PERP | +0.0100% | 1h | 0.1001 | +0.010% | $315K | $1.2M | 15x | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.1001 | +0.007% | $1.1M | $8.7M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.09995 | −0.123% | $312K | $137.7M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.1001 | +0.019% | $633K | $4.7M | 10x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.1001 | +0.040% | $65K | $464K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.1001 | +0.027% | $19K | $7K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.1001 | +0.010% | $35K | $2.3M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.1001 | −0.010% | $2K | $5.2M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.1000 | −0.023% | $5.9M | $66.9M | 75x | as long as short |
| Phemex DOGEUSDT | +0.0100% | 8h | 0.1001 | +0.030% | $92.1M | $17.1M | 50x | as long as short |
| Paradex DOGE-USD-PERP | +0.0100% | 8h | 0.1000 | −0.043% | $18K | $5K | 30x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.1000 | −0.042% | $481K | $4.1M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.1001 | +0.052% | $19K | — | 3x | as long as short |
| Katana Perps DOGE-USD | +0.0114% | 8h | 0.09986 | −0.210% | $1K | $516K | 10x | as long as short |
| 01 Exchange DOGEUSD | +0.0160% | 1h | 0.09994 | −0.132% | $444 | $4K | 10x | as long as short |
| Reya DOGERUSDPERP | +0.0193% | 1h | 0.09989 | −0.182% | $2K | — | 20x | as long as short |
| Deribit DOGE_USDC-PERPETUAL | +0.0220% | 1h | 0.1001 | +0.079% | $569K | $248K | 25x | as long as short |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.1001 | +0.050% | $16.2M | $26.9M | 75x | as long as short |
| Arcus DOGE-USD | +0.0231% | 1h | 0.1000 | −0.050% | $108K | $207K | 10x | as long as short |
| Phoenix DOGEshort | +0.0235% | 1h | 0.1000 | −0.043% | $18K | $382K | 10x | |
| GMX DOGE/USD [ETH-USDC] | L +0.0252% / S −0.0290% | 1h | 0.10000 | −0.073% | $324K | — | 200x | as long as short |
| ApeX Omni DOGEUSDT | +0.0288% | 1h | 0.1000 | −0.070% | $150K | $336K | 25x | as long as short |
| Coinbase International DOGE-PERP-INTX | +0.0304% | 1h | 0.1001 | +0.020% | $2.0M | $33.8M | 50x | as long as short |
| RISEx DOGE/USDC | +0.0686% | 1h | 0.09998 | −0.094% | $403K | $437K | 10x | as long as short |
| Injective DOGE/USDC PERP | +0.1217% | 1h | 0.1053 | +5.226% | $6K | $242K | 12x | as long as short |
Binance DOGEUSDT
Bybit DOGEUSDT
OKX DOGE-USDT-SWAP
Bulk DOGE-USD
Gate DOGE_USDT
MEXC DOGE_USDT
Bitget DOGEUSDT
BingX DOGE-USDC
Backpack DOGE_USDC_PERP
Variational Omni DOGE
edgeX DOGEUSDC
GRVT DOGE_USDT_Perp
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
Katana Perps DOGE-USD
01 Exchange DOGEUSD
Reya DOGERUSDPERP
Deribit DOGE_USDC-PERPETUAL
BloFin DOGE-USDT
Arcus DOGE-USD
GMX DOGE/USD [ETH-USDC]
ApeX Omni DOGEUSDT
Coinbase International DOGE-PERP-INTX
RISEx DOGE/USDC
Injective DOGE/USDC PERP