Funding you earn now, next payment 20:00 UTC−0.0019%/8h= −2.1% APRnext payment −$0.02 per $10,000 · paid last 24h −0.023%
Price spread now: Phoenix against Pacifica−0.053%47s7-day average +0.023% · you buy dearer than you sell
Net, funding: paid 7d − costs−$64as 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−$400.395% of the position
Funding, last 7 days−0.242%−$24 on $10k
+Price spread, last 3 days (all we have)+0.374%+$37 · spread now −0.053%, 7d avg +0.023%
=Together, before fees+0.132%+ Points / potential airdropPacifica: Active · farm board+$13 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Phoenix is 0.076% cheaper against Pacifica than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of +0.023%). Swap the legs. The two prices were read 47 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 | Pacifica DOGE | 0.10000 | 0.0100 | pay 0.0013% / 1h | 55m 52s | $343K | $524K | 20x |
| Short | Phoenix DOGE | 0.09994 | 0.0081 | get 0.0010% / 1h | 55m 52s | $17K | $225K | 10x |
Pacifica DOGE
Phoenix DOGEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Pacifica. 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
- −$3.95
- Price spread: −0.053% → +0.023%
- −$7.63
- Slippage, 4 orders
- −$24.54
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$51.12
- Costs to cover
- 0.395%
- Break-even
- never at this rate
Slippage from Pacifica: live order book, 32 min ago; Phoenix: live order book, 28 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 Pacifica live order book, 32 min ago | 1.50 bp | 6.1 bp −$6 | 8.9 bp −$89 | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 28 min ago | 1.01 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 | −0.0273% | 8h | 0.09979 | −0.206% | $153.3M | $259.1M | 75x | as long as short |
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.09987 | −0.124% | $339K | $4.2M | 2.8x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S −0.0001% | 1h | 0.09979 | −0.202% | $33K | — | 150x | as long as short |
| Deribit DOGE_USDC-PERPETUAL | +0.0010% | 1h | 0.09988 | −0.113% | $624K | $89K | 25x | as long as short |
| 01 Exchange DOGEUSD | +0.0064% | 1h | 0.09977 | −0.226% | $527 | $4K | 10x | as long as short |
| Gate DOGE_USDT | +0.0069% | 8h | 0.09985 | −0.146% | $237.5M | $117.6M | 75x | as long as short |
| Phoenix DOGEshort | +0.0081% | 1h | 0.09994 | −0.053% | $17K | $225K | 10x | |
| Katana Perps DOGE-USD | +0.0094% | 8h | 0.09978 | −0.216% | $1K | $328K | 10x | as long as short |
| Lighter DOGE | +0.0096% | 1h | 0.09995 | −0.051% | $806K | $5.0M | 15x | as long as short |
| Nado DOGE-PERP | +0.0100% | 1h | 0.09975 | −0.246% | $712K | $651K | 10x | as long as short |
Bitget DOGEUSDT
Kalshi KXDOGEPERP
gTrade (Gains Network) DOGE/USD
Deribit DOGE_USDC-PERPETUAL
01 Exchange DOGEUSD
Gate DOGE_USDT
Katana Perps DOGE-USD
Lighter DOGE
Nado DOGE-PERPShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster DOGEUSDT | +0.0100% | 8h | 0.09991 | −0.086% | $4.9M | $40.2M | 75x | as long as short |
| Pacifica DOGElong | +0.0100% | 1h | 0.10000 | long leg | $343K | $524K | 20x | |
| Binance DOGEUSDT | +0.0100% | 8h | 0.09992 | −0.074% | $320.6M | $1.25B | 75x | as long as short |
| Bybit DOGEUSDT | +0.0100% | 8h | 0.09987 | −0.126% | $156.6M | $391.6M | 75x | as long as short |
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.09988 | −0.116% | $108.5M | $889.4M | 50x | as long as short |
| Arcus DOGE-USD | +0.0100% | 1h | 0.09982 | −0.176% | $28K | $75K | 10x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.1002 | +0.204% | $384K | $19K | 10x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.09993 | −0.066% | $113.4M | $201.0M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.09990 | −0.096% | $65.8M | $38.8M | 75x | as long as short |
| BingX DOGE-USDT | +0.0100% | 8h | 0.09989 | −0.106% | — | $73.1M | — | as long as short |
| Backpack DOGE_USDC_PERP | +0.0100% | 1h | 0.09998 | −0.016% | $527K | $800K | 15x | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.1004 | +0.381% | $1.1M | $7.6M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.1002 | +0.180% | $266K | $109.4M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.1002 | +0.165% | $631K | $4.7M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.1001 | +0.104% | $143K | $221K | 25x | as long as short |
| Polymarket Perps DOGE-USD | +0.0100% | 1h | 0.09977 | −0.222% | $278K | $550K | 10x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.09981 | −0.186% | $73K | $359K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.09981 | −0.185% | $24K | $1K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.09985 | −0.145% | $35K | $2.1M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.09989 | −0.106% | $2K | $3.3M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.09994 | −0.052% | $6.0M | $45.8M | 75x | as long as short |
| Phemex DOGEUSDT | +0.0100% | 8h | 0.09991 | −0.086% | $92.7M | $18.9M | 50x | as long as short |
| Paradex DOGE-USD-PERP | +0.0100% | 8h | 0.09987 | −0.123% | $19K | $3K | 30x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.09989 | −0.107% | $542K | $3.5M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.09989 | −0.106% | $19K | — | 3x | as long as short |
| dYdX DOGE-USD | +0.0165% | 1h | 0.09996 | −0.038% | $224K | $44K | 10x | as long as short |
| Reya DOGERUSDPERP | +0.0173% | 1h | 0.09981 | −0.190% | $2K | — | 20x | as long as short |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.09983 | −0.166% | $15.4M | $23.9M | 75x | as long as short |
| Coinbase International DOGE-PERP-INTX | +0.0224% | 1h | 0.09996 | −0.036% | $2.0M | $22.1M | 50x | as long as short |
| GMX DOGE/USD [ETH-USDC] | L +0.0243% / S −0.0212% | 1h | 0.09980 | −0.199% | $337K | — | 200x | as long as short |
| Kraken Futures PF_DOGEUSD | +0.0286% | 1h | 0.09995 | −0.050% | $6.9M | $30.2M | 50x | as long as short |
| RISEx DOGE/USDC | +0.0536% | 1h | 0.09983 | −0.166% | $314K | $479K | 10x | as long as short |
| Hyperliquid DOGE | +0.0738% | 1h | 0.1001 | +0.074% | $115.9M | $74.2M | 10x | as long as short |
| Injective DOGE/USDC PERP | +0.1013% | 1h | 0.1001 | +0.104% | $5K | $153K | 12x | as long as short |
Aster DOGEUSDT
Binance DOGEUSDT
Bybit DOGEUSDT
OKX DOGE-USDT-SWAP
Arcus DOGE-USD
Bulk DOGE-USD
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
dYdX DOGE-USD
Reya DOGERUSDPERP
BloFin DOGE-USDT
Coinbase International DOGE-PERP-INTX
GMX DOGE/USD [ETH-USDC]
Kraken Futures PF_DOGEUSD
RISEx DOGE/USDC
Hyperliquid DOGE
Injective DOGE/USDC PERP