Funding you earn now, next payment 22:00 UTC−0.0019%/8h= −2.1% APRnext payment −$0.02 per $10,000 · paid last 24h −0.021%
Price spread now: Phoenix against Nado+0.181%7-day average +0.044% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$24as in the Price arb table
costs, in and out, $10k−$380.379% of the position
Funding, last 3 days (all we have)−0.068%−$7 on $10k
+Price spread, last 3 days (all we have)−0.142%−$14 · spread now +0.181%, 7d avg +0.044%
=Together, before fees−0.209%+ Points / potential airdropNado: Active · farm board−$21 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Phoenix is 0.137% dearer against Nado than usual: you sell high and buy low (spread +0.181% now, against its 7-day average of +0.044%): +$14 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 23 days. At the pace of the last 3 days (−0.068% in total) that is about 6.4 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Nado DOGE-PERP | 0.1006 | 0.0100 | pay 0.0012% / 1h | 35m 20s | $706K | $782K | 10x |
| Short | Phoenix DOGE | 0.1008 | 0.0081 | get 0.0010% / 1h | 35m 20s | $16K | $222K | 10x |
Nado DOGE-PERP
Phoenix DOGEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Nado. 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
- −$4.09
- Price spread: +0.181% → +0.044%
- $13.73
- Slippage, 4 orders
- −$23.87
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$28.24
- Costs to cover
- 0.379%
- Break-even
- never at this rate
Slippage from Nado: live order book, 48 min ago; Phoenix: live order book, 42 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 Nado live order book, 48 min ago | 0.50 bp | 6.9 bp −$7 | 14.9 bp −$149 | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 42 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget DOGEUSDT | −0.0270% | 8h | 0.1005 | −0.094% | $153.6M | $264.8M | 75x | as long as short |
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.1006 | −0.057% | $409K | $4.6M | 2.8x | as long as short |
| Deribit DOGE_USDC-PERPETUAL | 0.0000% | 1h | 0.1005 | −0.125% | $608K | $105K | 25x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S −0.0001% | 1h | 0.1006 | +0.003% | $32K | — | 150x | as long as short |
| dYdX DOGE-USD | +0.0009% | 1h | 0.1005 | −0.134% | $226K | $44K | 10x | as long as short |
| Phoenix DOGEshort | +0.0081% | 1h | 0.1008 | +0.181% | $16K | $222K | 10x | |
| Gate DOGE_USDT | +0.0087% | 8h | 0.1006 | −0.025% | $242.0M | $122.8M | 75x | as long as short |
| Lighter DOGE | +0.0096% | 1h | 0.1006 | +0.009% | $790K | $5.3M | 15x | as long as short |
| Katana Perps DOGE-USD | +0.0096% | 8h | 0.1006 | +0.005% | $2K | $362K | 10x | as long as short |
| Nado DOGE-PERPlong | +0.0100% | 1h | 0.1006 | long leg | $706K | $782K | 10x |
Bitget DOGEUSDT
Kalshi KXDOGEPERP
Deribit DOGE_USDC-PERPETUAL
gTrade (Gains Network) DOGE/USD
dYdX DOGE-USD
Gate DOGE_USDT
Lighter DOGE
Katana Perps DOGE-USDShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster DOGEUSDT | +0.0100% | 8h | 0.1006 | +0.024% | $5.2M | $42.7M | 75x | as long as short |
| Pacifica DOGE | +0.0100% | 1h | 0.1006 | −0.025% | $337K | $503K | 20x | as long as short |
| Binance DOGEUSDT | +0.0100% | 8h | 0.1007 | +0.025% | $323.9M | $1.31B | 75x | as long as short |
| Bybit DOGEUSDT | +0.0100% | 8h | 0.1006 | −0.005% | $162.8M | $412.3M | 75x | as long as short |
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.1006 | +0.005% | $109.5M | $925.7M | 50x | as long as short |
| Arcus DOGE-USD | +0.0100% | 1h | 0.1007 | +0.094% | $28K | $76K | 10x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.1017 | +1.090% | $390K | $17K | 10x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.1006 | +0.015% | $111.2M | $216.1M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.1007 | +0.065% | $65.7M | $40.1M | 75x | as long as short |
| BingX DOGE-USDT | +0.0100% | 8h | 0.1007 | +0.025% | — | $74.3M | — | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.1007 | +0.108% | $994K | $7.8M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.1009 | +0.284% | $279K | $114.8M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.1008 | +0.171% | $640K | $4.5M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.1014 | +0.770% | $149K | $241K | 25x | as long as short |
| Polymarket Perps DOGE-USD | +0.0100% | 1h | 0.1006 | −0.015% | $271K | $536K | 10x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.1006 | −0.005% | $73K | $432K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.1006 | −0.008% | $25K | $1K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.1005 | −0.139% | $35K | $2.2M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.1004 | −0.174% | $2K | $3.5M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.1004 | −0.219% | $6.0M | $49.5M | 75x | as long as short |
| Phemex DOGEUSDT | +0.0100% | 8h | 0.1004 | −0.194% | $93.0M | $19.0M | 50x | as long as short |
| Paradex DOGE-USD-PERP | +0.0101% | 8h | 0.1005 | −0.076% | $18K | $5K | 30x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.1006 | +0.019% | $557K | $3.6M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.1006 | −0.001% | $19K | — | 3x | as long as short |
| Reya DOGERUSDPERP | +0.0176% | 1h | 0.1007 | +0.057% | $2K | — | 20x | as long as short |
| 01 Exchange DOGEUSD | +0.0192% | 1h | 0.1007 | +0.052% | $532 | $4K | 10x | as long as short |
| Coinbase International DOGE-PERP-INTX | +0.0216% | 1h | 0.1005 | −0.084% | $2.0M | $23.3M | 50x | as long as short |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.1007 | +0.075% | $15.4M | $25.0M | 75x | as long as short |
| GMX DOGE/USD [ETH-USDC] | L +0.0246% / S −0.0271% | 1h | 0.1006 | −0.010% | $316K | — | 200x | as long as short |
| Kraken Futures PF_DOGEUSD | +0.0363% | 1h | 0.1004 | −0.216% | $5.9M | $32.5M | 50x | as long as short |
| Backpack DOGE_USDC_PERP | +0.0414% | 1h | 0.1005 | −0.134% | $538K | $948K | 15x | as long as short |
| Hyperliquid DOGE | +0.0421% | 1h | 0.1008 | +0.162% | $111.3M | $82.1M | 10x | as long as short |
| RISEx DOGE/USDC | +0.0702% | 1h | 0.1007 | +0.094% | $316K | $477K | 10x | as long as short |
| Injective DOGE/USDC PERP | +0.0966% | 1h | 0.1009 | +0.273% | $5K | $207K | 12x | as long as short |
Aster DOGEUSDT
Pacifica DOGE
Binance DOGEUSDT
Bybit DOGEUSDT
OKX DOGE-USDT-SWAP
Arcus DOGE-USD
Bulk DOGE-USD
MEXC DOGE_USDT
KuCoin DOGEUSDTM
BingX DOGE-USDT
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
Reya DOGERUSDPERP
01 Exchange DOGEUSD
Coinbase International DOGE-PERP-INTX
BloFin DOGE-USDT
GMX DOGE/USD [ETH-USDC]
Kraken Futures PF_DOGEUSD
Backpack DOGE_USDC_PERP
Hyperliquid DOGE
RISEx DOGE/USDC
Injective DOGE/USDC PERP