Funding you earn now, next payment 07:00 UTC+0.0197%/8h= +21.6% APRpaid last 24h +0.043%
Price spread now: GMX against Phemex−0.094%7-day average +0.006% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.161%+$16 on $10k
+Price spread, last 4 days (all we have)+0.133%+$13 · spread now −0.094%, 7d avg +0.006%
=Funding pays, the price is against you. GMX is 0.099% cheaper against Phemex than usual: you would sell low and buy high (spread −0.094% now, against its 7-day average of +0.006%). If the spread goes back, that is −$10 on $10k: about 40 hours of funding at the current rate (+$6 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex DOGEUSDT | 0.1003 | 0.0100 | pay 0.0100% / 8h | 1h 06m | $91.9M | $17.1M | 50x |
| Short | GMX DOGE/USD [ETH-USDC] | 0.1002 | L +0.0250% / S −0.0297% | get 0.0037% / 1h | 6m 29s | $315K | — | 200x |
Phemex DOGEUSDT
GMX DOGE/USD [ETH-USDC]Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX 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
- $41.37
- Price spread: −0.094% → +0.006%
- −$9.93
- Slippage, 4 orders
- no order book: not counted
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- $7.44
- Costs to cover
- 0.240%
- Break-even
- 5.7 days
Slippage unknown: Phemex: live order book, 3 min ago; GMX: no order-book sample. Net counts fees only.
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, 3 min ago | 1.00 bp | 10.7 bp −$11 | 19.2 bp −$192 | 40.9 bp −$4,094 | doesn't fit |
| Sell GMX no order-book sample | — | — | — | — | — |
GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_DOGEUSD | −0.0082% | 1h | 0.1003 | +0.013% | $5.7M | $40.5M | 50x | as long as short |
| dYdX DOGE-USD | 0.0000% | 1h | 0.1002 | −0.079% | $225K | $69K | 10x | as long as short |
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.1001 | −0.178% | $613K | $6.6M | 2.8x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S 0.0000% | 1h | 0.1002 | −0.099% | $36K | — | 150x | as long as short |
| Injective DOGE/USDC PERP | +0.0033% | 1h | 0.1053 | +4.985% | $6K | $242K | 12x | as long as short |
| Bitget DOGEUSDT | +0.0042% | 8h | 0.1002 | −0.130% | $142.2M | $344.3M | 75x | as long as short |
| Polymarket Perps DOGE-USD | +0.0055% | 1h | 0.1002 | −0.090% | $264K | $1.2M | 10x | as long as short |
| Phoenix DOGE | +0.0080% | 1h | 0.1003 | +0.024% | $18K | $382K | 10x | as long as short |
| Lighter DOGE | +0.0096% | 1h | 0.1003 | +0.015% | $850K | $6.8M | 15x | as long as short |
| Nado DOGE-PERP | +0.0100% | 1h | 0.1002 | −0.080% | $540K | $1.1M | 10x | as long as short |
Kraken Futures PF_DOGEUSD
dYdX DOGE-USD
Kalshi KXDOGEPERP
gTrade (Gains Network) DOGE/USD
Injective DOGE/USDC PERP
Bitget DOGEUSDT
Polymarket Perps DOGE-USD
Phoenix DOGE
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 | 0.1003 | −0.023% | $4.6M | $58.8M | 75x | as long as short |
| Pacifica DOGE | +0.0100% | 1h | 0.1003 | −0.050% | $320K | $501K | 20x | as long as short |
| Binance DOGEUSDT | +0.0100% | 8h | 0.1003 | −0.020% | $331.0M | $1.72B | 75x | as long as short |
| Bybit DOGEUSDT | +0.0100% | 8h | 0.1002 | −0.070% | $165.2M | $521.4M | 75x | as long as short |
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.1003 | −0.030% | $117.5M | $1.21B | 50x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.1001 | −0.232% | $384K | $16K | 10x | as long as short |
| Gate DOGE_USDT | +0.0100% | 8h | 0.1002 | −0.090% | $250.7M | $157.6M | 75x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.1003 | −0.040% | $112.6M | $258.7M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.1002 | −0.070% | $66.9M | $49.9M | 75x | as long as short |
| BingX DOGE-USDC | +0.0100% | 8h | 0.1002 | −0.060% | — | $3.5M | — | as long as short |
| Backpack DOGE_USDC_PERP | +0.0100% | 1h | 0.1003 | +0.010% | $304K | $1.3M | 15x | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.1000 | −0.293% | $1.1M | $8.7M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.1002 | −0.087% | $304K | $140.2M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.1002 | −0.050% | $632K | $4.6M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.1003 | 0.000% | $146K | $340K | 25x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.1002 | −0.080% | $70K | $470K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.1003 | −0.024% | $19K | $7K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.1001 | −0.246% | $35K | $2.3M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.1003 | +0.010% | $2K | $5.4M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.1003 | +0.005% | $5.9M | $69.0M | 75x | as long as short |
| Phemex DOGEUSDTlong | +0.0100% | 8h | 0.1003 | long leg | $91.9M | $17.1M | 50x | |
| Paradex DOGE-USD-PERP | +0.0100% | 8h | 0.1002 | −0.068% | $18K | $5K | 30x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.1002 | −0.097% | $488K | $4.1M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.1002 | −0.057% | $19K | — | 3x | as long as short |
| Katana Perps DOGE-USD | +0.0108% | 8h | 0.1002 | −0.070% | $837 | $537K | 10x | as long as short |
| Hyperliquid DOGE | +0.0126% | 1h | 0.1003 | +0.010% | $124.8M | $116.8M | 10x | as long as short |
| Reya DOGERUSDPERP | +0.0198% | 1h | 0.1002 | −0.072% | $2K | — | 20x | as long as short |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.1003 | +0.030% | $16.3M | $27.2M | 75x | as long as short |
| Coinbase International DOGE-PERP-INTX | +0.0240% | 1h | 0.1003 | +0.050% | $1.9M | $34.9M | 50x | as long as short |
| GMX DOGE/USD [ETH-USDC]short | L +0.0250% / S −0.0297% | 1h | 0.1002 | −0.094% | $315K | — | 200x | |
| 01 Exchange DOGEUSD | +0.0264% | 1h | 0.1003 | +0.039% | $446 | $4K | 10x | as long as short |
| Deribit DOGE_USDC-PERPETUAL | +0.0359% | 1h | 0.1003 | −0.024% | $575K | $252K | 25x | as long as short |
| Arcus DOGE-USD | +0.0387% | 1h | 0.1003 | −0.050% | $17K | $308K | 10x | as long as short |
| RISEx DOGE/USDC | +0.0626% | 1h | 0.1003 | +0.035% | $403K | $458K | 10x | as long as short |
Aster DOGEUSDT
Pacifica DOGE
Binance DOGEUSDT
Bybit DOGEUSDT
OKX DOGE-USDT-SWAP
Bulk DOGE-USD
Gate DOGE_USDT
MEXC DOGE_USDT
KuCoin DOGEUSDTM
BingX DOGE-USDC
Backpack DOGE_USDC_PERP
Variational Omni DOGE
edgeX DOGEUSDC
GRVT DOGE_USDT_Perp
ApeX Omni DOGEUSDT
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
Katana Perps DOGE-USD
Hyperliquid DOGE
Reya DOGERUSDPERP
BloFin DOGE-USDT
Coinbase International DOGE-PERP-INTX
01 Exchange DOGEUSD
Deribit DOGE_USDC-PERPETUAL
Arcus DOGE-USD
RISEx DOGE/USDC