Funding you earn now, next payment 00:00 UTC+0.0120%/8h= +13.1% APRnext payment +$1.20 per $10,000 · paid last 24h +0.038%
Price spread now: BloFin against Phemex+0.080%7-day average +0.002% · you sell dearer than you buy
Net, funding: paid 7d − costs−$16as in the Funding arb table
Net, price: spread back to 7d avg − costs−$29as in the Price arb table
costs, in and out, $10k−$370.370% of the position
Funding, last 7 days+0.210%+$21 on $10k
+Price spread, last 3 days (all we have)−0.109%−$11 · spread now +0.080%, 7d avg +0.002%
=Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and BloFin is 0.079% dearer against Phemex than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.002%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex DOGEUSDT | 0.09954 | 0.0100 | pay 0.0100% / 8h | 2h 22m | $92.3M | $19.0M | 50x |
| Short | BloFin DOGE-USDT | 0.09962 | 0.0220 | get 0.0220% / 8h | 2h 22m | $15.1M | $23.9M | 75x |
Phemex DOGEUSDT
BloFin DOGE-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Phemex. 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
- $25.2
- Price spread: +0.080% → +0.002%
- $7.89
- Slippage, 4 orders
- −$13.02
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$3.93
- Costs to cover
- 0.370%
- Break-even
- 8.1 days
Slippage from Phemex: live order book, 6 min ago; BloFin: live order book, 6 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 Phemex live order book, 6 min ago | 1.01 bp | 10.9 bp −$11 | 17.9 bp −$179 | 39.5 bp −$3,952 | doesn't fit |
| Sell BloFin live order book, 6 min ago | 1.52 bp | 7.5 bp −$8 | 12.6 bp −$126 | 22.3 bp −$2,232 | 44.7 bp −$22.3K |
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 | −0.0279% | 8h | 0.09958 | +0.040% | $153.0M | $260.5M | 75x | as long as short |
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.09961 | +0.073% | $375K | $4.3M | 2.8x | as long as short |
| Deribit DOGE_USDC-PERPETUAL | 0.0000% | 1h | 0.09963 | +0.085% | $623K | $103K | 25x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S −0.0001% | 1h | 0.09952 | −0.022% | $32K | — | 150x | as long as short |
| Gate DOGE_USDT | +0.0073% | 8h | 0.09963 | +0.090% | $237.4M | $119.9M | 75x | as long as short |
| Phoenix DOGE | +0.0080% | 1h | 0.09946 | −0.083% | $15K | $225K | 10x | as long as short |
| dYdX DOGE-USD | +0.0092% | 1h | 0.09967 | +0.134% | $224K | $44K | 10x | as long as short |
| Katana Perps DOGE-USD | +0.0095% | 8h | 0.09953 | −0.010% | $831 | $341K | 10x | as long as short |
| Lighter DOGE | +0.0096% | 1h | 0.09974 | +0.201% | $791K | $5.1M | 15x | as long as short |
| Aster DOGEUSDT | +0.0100% | 8h | 0.09970 | +0.157% | $4.8M | $40.5M | 75x | as long as short |
Bitget DOGEUSDT
Kalshi KXDOGEPERP
Deribit DOGE_USDC-PERPETUAL
gTrade (Gains Network) DOGE/USD
Gate DOGE_USDT
Phoenix DOGE
dYdX DOGE-USD
Katana Perps DOGE-USD
Lighter DOGE
Aster DOGEUSDTShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica DOGE | +0.0100% | 1h | 0.09972 | +0.178% | $338K | $494K | 20x | as long as short |
| Binance DOGEUSDT | +0.0100% | 8h | 0.09975 | +0.206% | $315.8M | $1.27B | 75x | as long as short |
| Bybit DOGEUSDT | +0.0100% | 8h | 0.09972 | +0.181% | $158.3M | $398.0M | 75x | as long as short |
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.09980 | +0.261% | $108.8M | $894.4M | 50x | as long as short |
| Arcus DOGE-USD | +0.0100% | 1h | 0.09963 | +0.090% | $28K | $75K | 10x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.09838 | −1.166% | $377K | $19K | 10x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.09978 | +0.241% | $113.6M | $218.7M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.09966 | +0.121% | $65.5M | $39.2M | 75x | as long as short |
| BingX DOGE-USDT | +0.0100% | 8h | 0.09965 | +0.111% | — | $73.3M | — | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.09927 | −0.270% | $922K | $7.8M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.09902 | −0.519% | $263K | $112.0M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.09913 | −0.411% | $631K | $4.6M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.09910 | −0.442% | $141K | $223K | 25x | as long as short |
| Nado DOGE-PERP | +0.0100% | 1h | 0.09953 | −0.010% | $631K | $696K | 10x | as long as short |
| Polymarket Perps DOGE-USD | +0.0100% | 1h | 0.09949 | −0.048% | $273K | $529K | 10x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.09957 | +0.030% | $57K | $397K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.09957 | +0.028% | $24K | $1K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.09962 | +0.079% | $35K | $2.2M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.09957 | +0.030% | $2K | $3.3M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.09959 | +0.048% | $6.0M | $47.0M | 75x | as long as short |
| Phemex DOGEUSDTlong | +0.0100% | 8h | 0.09954 | long leg | $92.3M | $19.0M | 50x | |
| Paradex DOGE-USD-PERP | +0.0100% | 8h | 0.09969 | +0.155% | $18K | $5K | 30x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.09965 | +0.113% | $548K | $3.6M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.09953 | −0.014% | $19K | — | 3x | as long as short |
| Reya DOGERUSDPERP | +0.0174% | 1h | 0.09953 | −0.011% | $2K | — | 20x | as long as short |
| 01 Exchange DOGEUSD | +0.0176% | 1h | 0.09961 | +0.069% | $526 | $4K | 10x | as long as short |
| BloFin DOGE-USDTshort | +0.0220% | 8h | 0.09962 | +0.080% | $15.1M | $23.9M | 75x | |
| Coinbase International DOGE-PERP-INTX | +0.0224% | 1h | 0.09960 | +0.060% | $2.0M | $22.4M | 50x | as long as short |
| Backpack DOGE_USDC_PERP | +0.0243% | 1h | 0.09963 | +0.090% | $526K | $931K | 15x | as long as short |
| GMX DOGE/USD [ETH-USDC] | L +0.0244% / S −0.0264% | 1h | 0.09951 | −0.029% | $308K | — | 200x | as long as short |
| Kraken Futures PF_DOGEUSD | +0.0287% | 1h | 0.09959 | +0.052% | $6.0M | $31.8M | 50x | as long as short |
| Hyperliquid DOGE | +0.0424% | 1h | 0.09976 | +0.220% | $110.2M | $79.0M | 10x | as long as short |
| RISEx DOGE/USDC | +0.0536% | 1h | 0.09964 | +0.098% | $313K | $473K | 10x | as long as short |
| Injective DOGE/USDC PERP | +0.1013% | 1h | 0.09980 | +0.261% | $5K | $180K | 12x | as long as short |
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
Nado DOGE-PERP
Polymarket Perps DOGE-USD
Orderly PERP_DOGE_USDC
Derive DOGE-PERP
SunX DOGE-USDT
SoDEX DOGE-USD
HTX DOGE-USDT
Paradex DOGE-USD-PERP
Extended DOGE-USD
Aevo DOGE-PERP
Reya DOGERUSDPERP
01 Exchange DOGEUSD
Coinbase International DOGE-PERP-INTX
Backpack DOGE_USDC_PERP
GMX DOGE/USD [ETH-USDC]
Kraken Futures PF_DOGEUSD
Hyperliquid DOGE
RISEx DOGE/USDC
Injective DOGE/USDC PERP