Funding you earn now, next payment 00:00 UTC−0.0003%/8h= −0.3% APRnext payment −$0.03 per $10,000 · paid last 24h +0.002%
Price spread now: Katana Perps against Phemex−0.187%7-day average −0.027% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)−0.028%−$3 on $10k
+Price spread, last 3 days (all we have)+0.176%+$18 · spread now −0.187%, 7d avg −0.027%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Katana Perps is 0.160% cheaper against Phemex than usual: you would sell low and buy high, −$16 on $10k if it goes back to its 7-day average of −0.027%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex DOGEUSDT | 0.1014 | 0.0100 | pay 0.0100% / 8h | 46m 49s | $93.8M | $19.2M | 50x |
| Short | Katana Perps DOGE-USD | 0.1012 | 0.0097 | get 0.0097% / 8h | 46m 49s | $845 | $382K | 10x |
Phemex DOGEUSDT
Katana Perps DOGE-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Katana Perps 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
- −$0.61
- Price spread: −0.187% → −0.027%
- −$16.03
- Slippage, 4 orders
- no order book: not counted
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Katana Perps: 1.9 bp × 2 orders
- −$3.8
- Net
- −$32.43
- Costs to cover
- 0.158%
- Break-even
- never at this rate
Slippage unknown: Phemex: live order book, 2 min ago; Katana Perps: 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, 2 min ago | 3.45 bp | 14.5 bp −$15 | 24.7 bp −$247 | 41.4 bp −$4,138 | doesn't fit |
| Sell Katana Perps no order-book sample | — | — | — | — | — |
Katana Perps: 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget DOGEUSDT | −0.0245% | 8h | 0.1016 | +0.227% | $155.0M | $268.0M | 75x | as long as short |
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.1012 | −0.155% | $421K | $4.7M | 2.8x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S −0.0001% | 1h | 0.1012 | −0.191% | $33K | — | 150x | as long as short |
| Deribit DOGE_USDC-PERPETUAL | +0.0056% | 1h | 0.1013 | −0.104% | $609K | $109K | 25x | as long as short |
| Gate DOGE_USDT | +0.0083% | 8h | 0.1017 | +0.316% | $245.6M | $125.6M | 75x | as long as short |
| Lighter DOGE | +0.0096% | 1h | 0.1018 | +0.382% | $807K | $5.4M | 15x | as long as short |
| Katana Perps DOGE-USDshort | +0.0097% | 8h | 0.1012 | −0.187% | $845 | $382K | 10x | |
| Nado DOGE-PERP | +0.0100% | 1h | 0.1012 | −0.168% | $604K | $894K | 10x | as long as short |
| Aster DOGEUSDT | +0.0100% | 8h | 0.1017 | +0.356% | $5.1M | $44.7M | 75x | as long as short |
| Pacifica DOGE | +0.0100% | 1h | 0.1012 | −0.136% | $338K | $506K | 20x | as long as short |
Bitget DOGEUSDT
Kalshi KXDOGEPERP
gTrade (Gains Network) DOGE/USD
Deribit DOGE_USDC-PERPETUAL
Gate DOGE_USDT
Lighter DOGE
Nado DOGE-PERP
Aster DOGEUSDT
Pacifica DOGEShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance DOGEUSDT | +0.0100% | 8h | 0.1019 | +0.522% | $325.4M | $1.35B | 75x | as long as short |
| Bybit DOGEUSDT | +0.0100% | 8h | 0.1019 | +0.543% | $161.0M | $428.1M | 75x | as long as short |
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.1020 | +0.612% | $111.2M | $957.9M | 50x | as long as short |
| Arcus DOGE-USD | +0.0100% | 1h | 0.1013 | −0.118% | $31K | $80K | 10x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.1015 | +0.069% | $389K | $12K | 10x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.1017 | +0.345% | $115.2M | $219.1M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.1017 | +0.335% | $66.9M | $41.6M | 75x | as long as short |
| BingX DOGE-USDT | +0.0100% | 8h | 0.1017 | +0.365% | — | $75.3M | — | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.1014 | −0.017% | $1.0M | $8.1M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.1013 | −0.108% | $278K | $117.8M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.1012 | −0.129% | $641K | $4.6M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.1014 | +0.020% | $149K | $248K | 25x | as long as short |
| Polymarket Perps DOGE-USD | +0.0100% | 1h | 0.1012 | −0.197% | $262K | $554K | 10x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.1013 | −0.128% | $74K | $433K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.1012 | −0.139% | $25K | $1K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.1013 | −0.067% | $36K | $2.2M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.1013 | −0.030% | $2K | $3.6M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.1014 | −0.022% | $6.1M | $51.1M | 75x | as long as short |
| Phemex DOGEUSDTlong | +0.0100% | 8h | 0.1014 | long leg | $93.8M | $19.2M | 50x | |
| Paradex DOGE-USD-PERP | +0.0100% | 8h | 0.1012 | −0.177% | $18K | $5K | 30x | as long as short |
| Kraken Futures PF_DOGEUSD | +0.0103% | 1h | 0.1014 | −0.017% | $6.0M | $33.1M | 50x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.1017 | +0.327% | $558K | $3.7M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.1012 | −0.163% | $19K | — | 3x | as long as short |
| dYdX DOGE-USD | +0.0115% | 1h | 0.1019 | +0.474% | $229K | $44K | 10x | as long as short |
| Reya DOGERUSDPERP | +0.0178% | 1h | 0.1012 | −0.182% | $2K | — | 20x | as long as short |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.1014 | +0.020% | $15.4M | $25.5M | 75x | as long as short |
| Phoenix DOGE | +0.0239% | 1h | 0.1012 | −0.173% | $67K | $281K | 10x | as long as short |
| 01 Exchange DOGEUSD | +0.0240% | 1h | 0.1013 | −0.066% | $535 | $4K | 10x | as long as short |
| Coinbase International DOGE-PERP-INTX | +0.0240% | 1h | 0.1014 | +0.030% | $2.0M | $24.2M | 50x | as long as short |
| GMX DOGE/USD [ETH-USDC] | L +0.0252% / S −0.0287% | 1h | 0.1012 | −0.196% | $329K | — | 200x | as long as short |
| Backpack DOGE_USDC_PERP | +0.0431% | 1h | 0.1016 | +0.178% | $543K | $961K | 15x | as long as short |
| RISEx DOGE/USDC | +0.0708% | 1h | 0.1013 | −0.099% | $317K | $475K | 10x | as long as short |
| Hyperliquid DOGE | +0.0929% | 1h | 0.1019 | +0.493% | $118.3M | $87.3M | 10x | as long as short |
| Injective DOGE/USDC PERP | +0.1039% | 1h | 0.1014 | +0.020% | $5K | $239K | 12x | as long as short |
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
Kraken Futures PF_DOGEUSD
Extended DOGE-USD
Aevo DOGE-PERP
dYdX DOGE-USD
Reya DOGERUSDPERP
BloFin DOGE-USDT
Phoenix DOGE
01 Exchange DOGEUSD
Coinbase International DOGE-PERP-INTX
GMX DOGE/USD [ETH-USDC]
Backpack DOGE_USDC_PERP
RISEx DOGE/USDC
Hyperliquid DOGE
Injective DOGE/USDC PERP