Funding you earn now, next payment 01:00 UTC+0.0354%/8h= +38.8% APRpaid last 24h −0.003%
Price spread now: dYdX against Phemex−0.048%7-day average −0.023% · you buy dearer than you sell
Net, funding: paid 7d − costs−$91as in the Funding arb table
Net, price: spread back to 7d avg − costs−$87as in the Price arb table
costs, in and out, $10k−$850.846% of the position
Funding, last 7 days−0.064%−$6 on $10k
+Price spread, last 3 days (all we have)+0.029%+$3 · spread now −0.048%, 7d avg −0.023%
=Funding pays, the price is against you. dYdX is 0.024% cheaper against Phemex than usual: you would sell low and buy high (spread −0.048% now, against its 7-day average of −0.023%). If the spread goes back, that is −$2 on $10k: about 6 hours of funding at the current rate (+$11 a day). Mind the row above: over the last 7 days funding on this pair cost −0.064%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.064% in total (about -3.3% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex DOGEUSDT | 0.1007 | −0.0327 | get 0.0327% / 8h | 7h 37m | $92.9M | $18.2M | 50x |
| Short | dYdX DOGE-USD | 0.1006 | 0.0027 | get 0.0003% / 1h | 37m 50s | $226K | $44K | 10x |
Phemex DOGEUSDT
dYdX DOGE-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
dYdX 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
- $74.33
- Price spread: −0.048% → −0.023%
- −$2.44
- Slippage, 4 orders
- −$62.62
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee dYdX: 5 bp × 2 orders
- −$10
- Net
- −$12.73
- Costs to cover
- 0.846%
- Break-even
- 8.2 days
Slippage from Phemex: live order book, 6 min ago; dYdX: live order book, 36 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 | 3.99 bp | 10.0 bp −$10 | 27.9 bp −$279 | doesn't fit | doesn't fit |
| Sell dYdX live order book, 36 min ago | 15.59 bp | 37.5 bp −$37 | 74.9 bp −$749 | 89.4 bp −$8,937 | 97.1 bp −$48.5K |
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 | |
|---|---|---|---|---|---|---|---|---|
| Phemex DOGEUSDTlong | −0.0327% | 8h | 0.1007 | long leg | $92.9M | $18.2M | 50x | |
| Bitget DOGEUSDT | −0.0191% | 8h | 0.1008 | +0.109% | $153.5M | $270.8M | 75x | as long as short |
| Kraken Futures PF_DOGEUSD | −0.0077% | 1h | 0.1006 | −0.015% | $6.0M | $33.9M | 50x | as long as short |
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.1006 | −0.082% | $400K | $4.8M | 2.8x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S 0.0000% | 1h | 0.1006 | −0.045% | $24K | — | 150x | as long as short |
| dYdX DOGE-USDshort | +0.0027% | 1h | 0.1006 | −0.048% | $226K | $44K | 10x | |
| Deribit DOGE_USDC-PERPETUAL | +0.0038% | 1h | 0.1007 | +0.002% | $605K | $121K | 25x | as long as short |
| Lighter DOGE | +0.0096% | 1h | 0.1007 | +0.070% | $816K | $5.8M | 15x | as long as short |
| Katana Perps DOGE-USD | +0.0100% | 8h | 0.1006 | −0.030% | $998 | $404K | 10x | as long as short |
| Nado DOGE-PERP | +0.0100% | 1h | 0.1006 | −0.040% | $517K | $973K | 10x | as long as short |
Bitget DOGEUSDT
Kraken Futures PF_DOGEUSD
Kalshi KXDOGEPERP
gTrade (Gains Network) DOGE/USD
Deribit DOGE_USDC-PERPETUAL
Lighter DOGE
Katana Perps DOGE-USD
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 | 0.1007 | +0.053% | $5.0M | $46.6M | 75x | as long as short |
| Pacifica DOGE | +0.0100% | 1h | 0.1006 | −0.032% | $335K | $516K | 20x | as long as short |
| Binance DOGEUSDT | +0.0100% | 8h | 0.1008 | +0.119% | $320.1M | $1.40B | 75x | as long as short |
| Bybit DOGEUSDT | +0.0100% | 8h | 0.1008 | +0.149% | $159.8M | $438.2M | 75x | as long as short |
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.1008 | +0.189% | $110.4M | $971.9M | 50x | as long as short |
| Arcus DOGE-USD | +0.0100% | 1h | 0.1007 | +0.010% | $28K | $82K | 10x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.1005 | −0.133% | $385K | $9K | 10x | as long as short |
| Gate DOGE_USDT | +0.0100% | 8h | 0.1007 | +0.070% | $244.5M | $128.5M | 75x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.1008 | +0.109% | $114.5M | $223.7M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.1008 | +0.119% | $66.0M | $42.6M | 75x | as long as short |
| BingX DOGE-USDT | +0.0100% | 8h | 0.1008 | +0.099% | — | $76.0M | — | as long as short |
| Backpack DOGE_USDC_PERP | +0.0100% | 1h | 0.1007 | +0.070% | $368K | $1.1M | 15x | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.1006 | −0.011% | $1.0M | $8.1M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.1007 | +0.010% | $265K | $122.6M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.1006 | −0.042% | $640K | $4.6M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.1007 | +0.050% | $148K | $264K | 25x | as long as short |
| Polymarket Perps DOGE-USD | +0.0100% | 1h | 0.1006 | −0.070% | $264K | $554K | 10x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.1006 | −0.020% | $73K | $429K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.1006 | −0.021% | $25K | $1K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.1007 | +0.047% | $36K | $2.2M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.1006 | −0.010% | $2K | $3.8M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.1006 | −0.075% | $6.0M | $52.4M | 75x | as long as short |
| Paradex DOGE-USD-PERP | +0.0100% | 8h | 0.1006 | −0.010% | $18K | $5K | 30x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.1007 | +0.098% | $580K | $3.9M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.1006 | −0.017% | $19K | — | 3x | as long as short |
| Reya DOGERUSDPERP | +0.0181% | 1h | 0.1006 | −0.056% | $2K | — | 20x | as long as short |
| 01 Exchange DOGEUSD | +0.0200% | 1h | 0.1006 | −0.052% | $531 | $4K | 10x | as long as short |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.1005 | −0.179% | $15.3M | $25.6M | 75x | as long as short |
| Coinbase International DOGE-PERP-INTX | +0.0240% | 1h | 0.1007 | +0.050% | $2.0M | $24.9M | 50x | as long as short |
| Phoenix DOGE | +0.0240% | 1h | 0.1007 | +0.071% | $67K | $283K | 10x | as long as short |
| GMX DOGE/USD [ETH-USDC] | L +0.0244% / S −0.0263% | 1h | 0.1006 | −0.057% | $310K | — | 200x | as long as short |
| RISEx DOGE/USDC | +0.0701% | 1h | 0.1007 | +0.005% | $319K | $478K | 10x | as long as short |
| Hyperliquid DOGE | +0.0849% | 1h | 0.1010 | +0.348% | $121.7M | $93.0M | 10x | as long as short |
| Injective DOGE/USDC PERP | +0.0973% | 1h | 0.1011 | +0.447% | $5K | $239K | 12x | as long as short |
Aster DOGEUSDT
Pacifica DOGE
Binance DOGEUSDT
Bybit DOGEUSDT
OKX DOGE-USDT-SWAP
Arcus DOGE-USD
Bulk DOGE-USD
Gate DOGE_USDT
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
Paradex DOGE-USD-PERP
Extended DOGE-USD
Aevo DOGE-PERP
Reya DOGERUSDPERP
01 Exchange DOGEUSD
BloFin DOGE-USDT
Coinbase International DOGE-PERP-INTX
Phoenix DOGE
GMX DOGE/USD [ETH-USDC]
RISEx DOGE/USDC
Hyperliquid DOGE
Injective DOGE/USDC PERP