Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.005%
Price spread now: Phemex against Orderly−0.030%7-day average +0.023% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.058%+$6 on $10k
+Price spread, last 3 days (all we have)+0.036%+$4 · spread now −0.030%, 7d avg +0.023%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.053% cheaper against Orderly than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.023%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_DOGE_USDC | 0.09985 | 0.0100 | pay 0.0100% / 8h | 1m 07s | $73K | $446K | 50x |
| Short | Phemex DOGEUSDT | 0.09982 | 0.0100 | get 0.0100% / 8h | 1m 07s | $92.2M | $19.1M | 50x |
Orderly PERP_DOGE_USDC
Phemex DOGEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against Orderly. 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
- $0
- Price spread: −0.030% → +0.023%
- −$5.31
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$23.31
- Costs to cover
- 0.180%
- Break-even
- never at this rate
Slippage unknown: Orderly: no order-book sample; Phemex: live order book, 3 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 Orderly no order-book sample | — | — | — | — | — |
| Sell Phemex live order book, 3 min ago | 2.01 bp | 9.7 bp −$10 | 15.7 bp −$157 | doesn't fit | doesn't fit |
Orderly: 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 | −0.0210% | 8h | 0.09982 | −0.030% | $152.5M | $270.5M | 75x | as long as short |
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.09984 | −0.011% | $396K | $4.8M | 2.8x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S 0.0000% | 1h | 0.09977 | −0.082% | $24K | — | 150x | as long as short |
| dYdX DOGE-USD | +0.0065% | 1h | 0.09980 | −0.055% | $224K | $44K | 10x | as long as short |
| Deribit DOGE_USDC-PERPETUAL | +0.0071% | 1h | 0.09988 | +0.029% | $601K | $121K | 25x | as long as short |
| Gate DOGE_USDT | +0.0072% | 8h | 0.09981 | −0.040% | $242.2M | $129.4M | 75x | as long as short |
| Lighter DOGE | +0.0096% | 1h | 0.09987 | +0.020% | $782K | $5.6M | 15x | as long as short |
| Katana Perps DOGE-USD | +0.0098% | 8h | 0.09973 | −0.120% | $867 | $396K | 10x | as long as short |
| Nado DOGE-PERP | +0.0100% | 1h | 0.09978 | −0.070% | $512K | $977K | 10x | as long as short |
| Aster DOGEUSDT | +0.0100% | 8h | 0.09986 | +0.010% | $4.9M | $46.1M | 75x | as long as short |
Bitget DOGEUSDT
Kalshi KXDOGEPERP
gTrade (Gains Network) DOGE/USD
dYdX DOGE-USD
Deribit DOGE_USDC-PERPETUAL
Gate DOGE_USDT
Lighter DOGE
Katana Perps DOGE-USD
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 | 0.09983 | −0.023% | $333K | $511K | 20x | as long as short |
| Binance DOGEUSDT | +0.0100% | 8h | 0.09983 | −0.020% | $317.3M | $1.39B | 75x | as long as short |
| Bybit DOGEUSDT | +0.0100% | 8h | 0.09982 | −0.030% | $157.6M | $435.4M | 75x | as long as short |
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.09986 | +0.010% | $109.9M | $957.9M | 50x | as long as short |
| Arcus DOGE-USD | +0.0100% | 1h | 0.09982 | −0.030% | $28K | $82K | 10x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.09985 | 0.000% | $112.5M | $223.4M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.09984 | −0.010% | $66.0M | $42.2M | 75x | as long as short |
| BingX DOGE-USDC | +0.0100% | 8h | 0.09982 | −0.030% | — | $3.4M | — | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.09975 | −0.099% | $1.0M | $8.1M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.09943 | −0.423% | $257K | $120.9M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.09912 | −0.731% | $623K | $4.6M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.09940 | −0.451% | $146K | $253K | 25x | as long as short |
| Polymarket Perps DOGE-USD | +0.0100% | 1h | 0.09976 | −0.088% | $256K | $556K | 10x | as long as short |
| Orderly PERP_DOGE_USDClong | +0.0100% | 8h | 0.09985 | long leg | $73K | $446K | 50x | |
| Derive DOGE-PERP | +0.0100% | 1h | 0.09984 | −0.013% | $24K | $1K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.09983 | −0.023% | $35K | $2.2M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.09985 | 0.000% | $2K | $3.7M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.09984 | −0.006% | $6.0M | $52.1M | 75x | as long as short |
| Phemex DOGEUSDTshort | +0.0100% | 8h | 0.09982 | −0.030% | $92.2M | $19.1M | 50x | |
| Bulk DOGE-USD | +0.0100% | 1h | 0.09909 | −0.762% | $380K | $12K | 10x | as long as short |
| Paradex DOGE-USD-PERP | +0.0100% | 8h | 0.09979 | −0.061% | $18K | $5K | 30x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.09983 | −0.024% | $520K | $3.7M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.09985 | −0.005% | $19K | — | 3x | as long as short |
| Kraken Futures PF_DOGEUSD | +0.0105% | 1h | 0.09983 | −0.017% | $6.0M | $33.7M | 50x | as long as short |
| Reya DOGERUSDPERP | +0.0180% | 1h | 0.09979 | −0.055% | $2K | — | 20x | as long as short |
| 01 Exchange DOGEUSD | +0.0216% | 1h | 0.09979 | −0.059% | $527 | $4K | 10x | as long as short |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.09977 | −0.080% | $15.3M | $25.3M | 75x | as long as short |
| Phoenix DOGE | +0.0239% | 1h | 0.09979 | −0.055% | $66K | $281K | 10x | as long as short |
| Coinbase International DOGE-PERP-INTX | +0.0240% | 1h | 0.09987 | +0.020% | $2.0M | $24.4M | 50x | as long as short |
| GMX DOGE/USD [ETH-USDC] | L +0.0244% / S −0.0263% | 1h | 0.09975 | −0.096% | $308K | — | 200x | as long as short |
| Backpack DOGE_USDC_PERP | +0.0297% | 1h | 0.09988 | +0.030% | $383K | $1.1M | 15x | as long as short |
| RISEx DOGE/USDC | +0.0708% | 1h | 0.09982 | −0.025% | $315K | $477K | 10x | as long as short |
| Hyperliquid DOGE | +0.0811% | 1h | 0.09998 | +0.128% | $116.8M | $90.5M | 10x | as long as short |
| Injective DOGE/USDC PERP | +0.1039% | 1h | 0.09940 | −0.451% | $5K | $239K | 12x | as long as short |
Pacifica DOGE
Binance DOGEUSDT
Bybit DOGEUSDT
OKX DOGE-USDT-SWAP
Arcus DOGE-USD
MEXC DOGE_USDT
KuCoin DOGEUSDTM
BingX DOGE-USDC
Variational Omni DOGE
edgeX DOGEUSDC
GRVT DOGE_USDT_Perp
ApeX Omni DOGEUSDT
Polymarket Perps DOGE-USD
Derive DOGE-PERP
SunX DOGE-USDT
SoDEX DOGE-USD
HTX DOGE-USDT
Bulk DOGE-USD
Paradex DOGE-USD-PERP
Extended DOGE-USD
Aevo DOGE-PERP
Kraken Futures PF_DOGEUSD
Reya DOGERUSDPERP
01 Exchange DOGEUSD
BloFin DOGE-USDT
Phoenix DOGE
Coinbase International DOGE-PERP-INTX
GMX DOGE/USD [ETH-USDC]
Backpack DOGE_USDC_PERP
RISEx DOGE/USDC
Hyperliquid DOGE
Injective DOGE/USDC PERP