Funding you earn now, next payment 01:00 UTC+0.0427%/8h= +46.8% APRpaid last 24h 0.000%
Price spread now: Nado against Phemex−0.040%7-day average −0.031% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$42as in the Price arb table
costs, in and out, $10k−$420.415% of the position
Funding, last 3 days (all we have)−0.002%$0 on $10k
+Price spread, last 3 days (all we have)+0.011%+$1 · spread now −0.040%, 7d avg −0.031%
=Together, before fees+0.010%+ Points / potential airdropNado: Active · farm board+$1 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.031%, so right now this pair is about funding alone: +$13 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.002% in total (about -0.2% 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 38m | $92.9M | $18.2M | 50x |
| Short | Nado DOGE-PERP | 0.1006 | 0.0100 | get 0.0012% / 1h | 38m 13s | $517K | $973K | 10x |
Phemex DOGEUSDT
Nado DOGE-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Nado 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
- $89.75
- Price spread: −0.040% → −0.031%
- −$0.92
- Slippage, 4 orders
- −$22.51
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- $47.33
- Costs to cover
- 0.415%
- Break-even
- 3.3 days
Slippage from Phemex: live order book, 6 min ago; Nado: live order book, 35 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 Nado live order book, 35 min ago | 1.51 bp | 7.2 bp −$7 | 18.3 bp −$183 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Phemex DOGEUSDTlong | −0.0327% | 8h | 0.1007 | long leg | $92.9M | $18.2M | 50x | |
| Bitget DOGEUSDT | −0.0191% | 8h | 0.1006 | −0.040% | $153.2M | $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-USD | +0.0027% | 1h | 0.1006 | −0.048% | $226K | $44K | 10x | as long as short |
| 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-PERPshort | +0.0100% | 1h | 0.1006 | −0.040% | $517K | $973K | 10x |
Bitget DOGEUSDT
Kraken Futures PF_DOGEUSD
Kalshi KXDOGEPERP
gTrade (Gains Network) DOGE/USD
dYdX DOGE-USD
Deribit DOGE_USDC-PERPETUAL
Lighter DOGE
Katana Perps DOGE-USDShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster DOGEUSDT | +0.0100% | 8h | 0.1006 | −0.030% | $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 | 0.1006 | −0.013% | $319.7M | $1.40B | 75x | as long as short |
| Bybit DOGEUSDT | +0.0100% | 8h | 0.1007 | +0.030% | $159.6M | $438.1M | 75x | as long as short |
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.1007 | +0.030% | $110.4M | $970.2M | 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 | 0.1006 | −0.070% | $244.2M | $128.5M | 75x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.1007 | 0.000% | $114.5M | $223.6M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.1006 | −0.020% | $65.8M | $42.6M | 75x | as long as short |
| BingX DOGE-USDC | +0.0100% | 8h | 0.1006 | −0.020% | — | $3.4M | — | 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 | 0.1006 | −0.036% | $588K | $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 | +0.0844% | 1h | 0.1008 | +0.099% | $121.2M | $92.8M | 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-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
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