Funding you earn now, next payment 21:00 UTC+0.0124%/8h= +13.6% APRpaid last 24h +0.017%
Price spread now: Coinbase International against Phemex−0.061%7-day average +0.014% · you buy dearer than you sell
Net, funding: paid 7d − costs−$50as in the Funding arb table
Net, price: spread back to 7d avg − costs−$50as in the Price arb table
costs, in and out, $10k−$420.424% of the position
Funding, last 7 days−0.072%−$7 on $10k
+Price spread, last 3 days (all we have)+0.038%+$4 · spread now −0.061%, 7d avg +0.014%
=Funding pays, the price is against you. Coinbase International is 0.075% cheaper against Phemex than usual: you would sell low and buy high (spread −0.061% now, against its 7-day average of +0.014%). If the spread goes back, that is −$8 on $10k: about 2.0 days of funding at the current rate (+$4 a day). Mind the row above: over the last 7 days funding on this pair cost −0.072%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex DOGEUSDT | 0.09859 | 0.0100 | pay 0.0100% / 8h | 2h 28m | $91.5M | $19.0M | 50x |
| Short | Coinbase International DOGE-PERP-INTX | 0.09853 | 0.0224 | get 0.0028% / 1h | 28m 37s | $2.0M | $22.1M | 50x |
Phemex DOGEUSDT
Coinbase International DOGE-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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
- $26.04
- Price spread: −0.061% → +0.014%
- −$7.5
- Slippage, 4 orders
- −$20.37
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$23.84
- Costs to cover
- 0.424%
- Break-even
- 13.4 days
Slippage from Phemex: live order book, 6 min ago; Coinbase International: 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 | 0.51 bp | 9.3 bp −$9 | 15.5 bp −$155 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 6 min ago | 1.52 bp | 9.1 bp −$9 | 14.9 bp −$149 | 38.1 bp −$3,810 | 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 | −0.0280% | 8h | 0.09859 | 0.000% | $151.7M | $260.1M | 75x | as long as short |
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.09853 | −0.065% | $358K | $4.3M | 2.8x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S −0.0001% | 1h | 0.09846 | −0.132% | $32K | — | 150x | as long as short |
| Deribit DOGE_USDC-PERPETUAL | +0.0024% | 1h | 0.09862 | +0.027% | $616K | $103K | 25x | as long as short |
| Gate DOGE_USDT | +0.0066% | 8h | 0.09865 | +0.061% | $234.7M | $119.5M | 75x | as long as short |
| Phoenix DOGE | +0.0080% | 1h | 0.09864 | +0.047% | $15K | $225K | 10x | as long as short |
| Katana Perps DOGE-USD | +0.0095% | 8h | 0.09867 | +0.081% | $824 | $337K | 10x | as long as short |
| Lighter DOGE | +0.0096% | 1h | 0.09874 | +0.154% | $783K | $5.1M | 15x | as long as short |
| Nado DOGE-PERP | +0.0100% | 1h | 0.09848 | −0.112% | $625K | $694K | 10x | as long as short |
| Aster DOGEUSDT | +0.0100% | 8h | 0.09864 | +0.056% | $4.8M | $40.4M | 75x | as long as short |
Bitget DOGEUSDT
Kalshi KXDOGEPERP
gTrade (Gains Network) DOGE/USD
Deribit DOGE_USDC-PERPETUAL
Gate DOGE_USDT
Phoenix DOGE
Katana Perps DOGE-USD
Lighter DOGE
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 | 0.09870 | +0.116% | $334K | $494K | 20x | as long as short |
| Binance DOGEUSDT | +0.0100% | 8h | 0.09873 | +0.138% | $313.2M | $1.26B | 75x | as long as short |
| Bybit DOGEUSDT | +0.0100% | 8h | 0.09866 | +0.071% | $156.4M | $396.8M | 75x | as long as short |
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.09873 | +0.142% | $107.7M | $883.3M | 50x | as long as short |
| Arcus DOGE-USD | +0.0100% | 1h | 0.09876 | +0.172% | $28K | $75K | 10x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.09838 | −0.213% | $377K | $19K | 10x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.09871 | +0.122% | $117.4M | $215.0M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.09863 | +0.041% | $64.7M | $39.1M | 75x | as long as short |
| BingX DOGE-USDT | +0.0100% | 8h | 0.09869 | +0.101% | — | $73.3M | — | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.09851 | −0.081% | $915K | $7.8M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.09849 | −0.099% | $262K | $112.1M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.09857 | −0.020% | $627K | $4.6M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.09850 | −0.091% | $140K | $223K | 25x | as long as short |
| Polymarket Perps DOGE-USD | +0.0100% | 1h | 0.09843 | −0.160% | $270K | $528K | 10x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.09858 | −0.010% | $56K | $397K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.09857 | −0.023% | $24K | $1K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.09855 | −0.041% | $35K | $2.2M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.09859 | 0.000% | $2K | $3.3M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.09861 | +0.020% | $5.9M | $46.7M | 75x | as long as short |
| Phemex DOGEUSDTlong | +0.0100% | 8h | 0.09859 | long leg | $91.5M | $19.0M | 50x | |
| Paradex DOGE-USD-PERP | +0.0100% | 8h | 0.09873 | +0.144% | $18K | $5K | 30x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.09866 | +0.070% | $547K | $3.6M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.09859 | 0.000% | $19K | — | 3x | as long as short |
| dYdX DOGE-USD | +0.0110% | 1h | 0.09867 | +0.082% | $222K | $44K | 10x | as long as short |
| Reya DOGERUSDPERP | +0.0174% | 1h | 0.09844 | −0.148% | $2K | — | 20x | as long as short |
| 01 Exchange DOGEUSD | +0.0192% | 1h | 0.09875 | +0.164% | $521 | $4K | 10x | as long as short |
| Backpack DOGE_USDC_PERP | +0.0213% | 1h | 0.09866 | +0.071% | $521K | $930K | 15x | as long as short |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.09859 | 0.000% | $15.1M | $23.7M | 75x | as long as short |
| Coinbase International DOGE-PERP-INTXshort | +0.0224% | 1h | 0.09853 | −0.061% | $2.0M | $22.1M | 50x | |
| GMX DOGE/USD [ETH-USDC] | L +0.0243% / S −0.0263% | 1h | 0.09845 | −0.142% | $303K | — | 200x | as long as short |
| Kraken Futures PF_DOGEUSD | +0.0290% | 1h | 0.09858 | −0.007% | $5.9M | $31.7M | 50x | as long as short |
| Hyperliquid DOGE | +0.0426% | 1h | 0.09874 | +0.151% | $109.2M | $78.8M | 10x | as long as short |
| RISEx DOGE/USDC | +0.0536% | 1h | 0.09878 | +0.198% | $310K | $472K | 10x | as long as short |
| Injective DOGE/USDC PERP | +0.1013% | 1h | 0.09860 | +0.010% | $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
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
dYdX DOGE-USD
Reya DOGERUSDPERP
01 Exchange DOGEUSD
Backpack DOGE_USDC_PERP
BloFin DOGE-USDT
GMX DOGE/USD [ETH-USDC]
Kraken Futures PF_DOGEUSD
Hyperliquid DOGE
RISEx DOGE/USDC
Injective DOGE/USDC PERP