Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.005%
Price spread now: Gate against Phemex+0.010%7-day average −0.034% · you sell dearer than you buy
Net, funding: paid 7d − costs−$46as in the Funding arb table
Net, price: spread back to 7d avg − costs−$38as in the Price arb table
costs, in and out, $10k−$430.429% of the position
Funding, last 7 days−0.034%−$3 on $10k
+Price spread, last 3 days (all we have)−0.016%−$2 · spread now +0.010%, 7d avg −0.034%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.044% dearer against Phemex than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.034%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex DOGEUSDT | 0.09924 | 0.0100 | pay 0.0100% / 8h | 6h 29m | $91.5M | $17.2M | 50x |
| Short | Gate DOGE_USDT | 0.09925 | 0.0100 | get 0.0100% / 8h | 6h 29m | $240.7M | $132.0M | 75x |
Phemex DOGEUSDT
Gate DOGE_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- $0
- Price spread: +0.010% → −0.034%
- $4.42
- Slippage, 4 orders
- −$15.86
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$38.45
- Costs to cover
- 0.429%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 5 min ago; Gate: live order book, 5 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, 5 min ago | 0.50 bp | 10.0 bp −$10 | 17.4 bp −$174 | doesn't fit | doesn't fit |
| Sell Gate live order book, 5 min ago | 0.51 bp | 11.0 bp −$11 | 17.8 bp −$178 | 30.3 bp −$3,034 | 53.3 bp −$26.6K |
DOGE on 43 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 | −0.0118% | 8h | 0.09920 | −0.040% | $150.3M | $273.4M | 75x | as long as short |
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.09950 | +0.265% | $391K | $5.0M | 2.8x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S 0.0000% | 1h | 0.09931 | +0.066% | $23K | — | 150x | as long as short |
| dYdX DOGE-USD | +0.0019% | 1h | 0.09943 | +0.188% | $223K | $51K | 10x | as long as short |
| Deribit DOGE_USDC-PERPETUAL | +0.0052% | 1h | 0.09928 | +0.035% | $593K | $118K | 25x | as long as short |
| Kraken Futures PF_DOGEUSD | +0.0067% | 1h | 0.09919 | −0.049% | $5.8M | $34.1M | 50x | as long as short |
| Lighter DOGE | +0.0096% | 1h | 0.09933 | +0.089% | $771K | $6.0M | 15x | as long as short |
| Katana Perps DOGE-USD | +0.0099% | 8h | 0.09943 | +0.191% | $831 | $427K | 10x | as long as short |
| Nado DOGE-PERP | +0.0100% | 1h | 0.09941 | +0.171% | $523K | $987K | 10x | as long as short |
| Aster DOGEUSDT | +0.0100% | 8h | 0.09932 | +0.083% | $4.7M | $48.3M | 75x | as long as short |
Bitget DOGEUSDT
Kalshi KXDOGEPERP
gTrade (Gains Network) DOGE/USD
dYdX DOGE-USD
Deribit DOGE_USDC-PERPETUAL
Kraken Futures PF_DOGEUSD
Lighter DOGE
Katana Perps DOGE-USD
Nado DOGE-PERP
Aster DOGEUSDTShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica DOGE | +0.0100% | 1h | 0.09948 | +0.244% | $327K | $503K | 20x | as long as short |
| Binance DOGEUSDT | +0.0100% | 8h | 0.09936 | +0.124% | $314.6M | $1.43B | 75x | as long as short |
| Bybit DOGEUSDT | +0.0100% | 8h | 0.09937 | +0.131% | $157.3M | $442.4M | 75x | as long as short |
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.09937 | +0.131% | $109.4M | $977.8M | 50x | as long as short |
| Arcus DOGE-USD | +0.0100% | 1h | 0.09958 | +0.343% | $128K | $178K | 10x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.09870 | −0.544% | $378K | $5K | 10x | as long as short |
| Gate DOGE_USDTshort | +0.0100% | 8h | 0.09925 | +0.010% | $240.7M | $132.0M | 75x | |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.09931 | +0.071% | $110.2M | $229.4M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.09930 | +0.060% | $65.6M | $43.0M | 75x | as long as short |
| BingX DOGE-USDC | +0.0100% | 8h | 0.09932 | +0.081% | — | $3.4M | — | as long as short |
| Backpack DOGE_USDC_PERP | +0.0100% | 1h | 0.09928 | +0.040% | $343K | $1.1M | 15x | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.09898 | −0.262% | $985K | $8.2M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.09906 | −0.180% | $272K | $128.6M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.09885 | −0.393% | $621K | $4.5M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.09910 | −0.141% | $145K | $270K | 25x | as long as short |
| Polymarket Perps DOGE-USD | +0.0100% | 1h | 0.09940 | +0.161% | $256K | $642K | 10x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.09933 | +0.091% | $70K | $440K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.09931 | +0.072% | $24K | $1K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.09950 | +0.262% | $35K | $2.2M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.09925 | +0.010% | $2K | $3.7M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.09921 | −0.027% | $5.9M | $54.8M | 75x | as long as short |
| Phemex DOGEUSDTlong | +0.0100% | 8h | 0.09924 | long leg | $91.5M | $17.2M | 50x | |
| Extended DOGE-USD | +0.0104% | 1h | 0.09924 | −0.001% | $525K | $3.9M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.09929 | +0.052% | $19K | — | 3x | as long as short |
| Paradex DOGE-USD-PERP | +0.0112% | 8h | 0.09945 | +0.208% | $18K | $6K | 30x | as long as short |
| Reya DOGERUSDPERP | +0.0184% | 1h | 0.09934 | +0.099% | $2K | — | 20x | as long as short |
| 01 Exchange DOGEUSD | +0.0192% | 1h | 0.09951 | +0.270% | $530 | $4K | 10x | as long as short |
| Coinbase International DOGE-PERP-INTX | +0.0240% | 1h | 0.09952 | +0.282% | $2.0M | $25.0M | 50x | as long as short |
| Phoenix DOGE | +0.0241% | 1h | 0.09925 | +0.008% | $64K | $284K | 10x | as long as short |
| GMX DOGE/USD [ETH-USDC] | L +0.0245% / S −0.0267% | 1h | 0.09933 | +0.095% | $309K | — | 200x | as long as short |
| RISEx DOGE/USDC | +0.0563% | 1h | 0.09952 | +0.284% | $400K | $367K | 10x | as long as short |
| Hyperliquid DOGE | +0.0711% | 1h | 0.09941 | +0.169% | $121.0M | $97.5M | 10x | as long as short |
| Injective DOGE/USDC PERP | +0.1004% | 1h | 0.09950 | +0.262% | $5K | $239K | 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-USDC
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
Extended DOGE-USD
Aevo DOGE-PERP
Paradex DOGE-USD-PERP
Reya DOGERUSDPERP
01 Exchange DOGEUSD
Coinbase International DOGE-PERP-INTX
Phoenix DOGE
GMX DOGE/USD [ETH-USDC]
RISEx DOGE/USDC
Hyperliquid DOGE
Injective DOGE/USDC PERP