Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: OKX against Phemex−0.307%7-day average −0.028% · you buy dearer than you sell
Net, funding: paid 7d − costs−$37as in the Funding arb table
Net, price: spread back to 7d avg − costs−$63as in the Price arb table
costs, in and out, $10k−$350.347% of the position
Funding, last 7 days−0.021%−$2 on $10k
+Price spread, last 3 days (all we have)+0.325%+$33 · spread now −0.307%, 7d avg −0.028%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: OKX is 0.279% cheaper against Phemex than usual: you would sell low and buy high, −$28 on $10k if it goes back to its 7-day average of −0.028%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex DOGEUSDT | 0.1010 | 0.0100 | pay 0.0100% / 8h | 7h 06m | $93.2M | $18.0M | 50x |
| Short | OKX DOGE-USDT-SWAP | 0.1007 | 0.0100 | get 0.0100% / 8h | 7h 06m | $111.5M | $971.6M | 50x |
Phemex DOGEUSDT
OKX DOGE-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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: −0.307% → −0.028%
- −$27.88
- Slippage, 4 orders
- −$12.68
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$62.57
- Costs to cover
- 0.347%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 2 min ago; OKX: live order book, 2 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, 2 min ago | 2.47 bp | 11.4 bp −$11 | 17.6 bp −$176 | 32.8 bp −$3,280 | doesn't fit |
| Sell OKX live order book, 2 min ago | 0.50 bp | 5.5 bp −$5 | 8.5 bp −$85 | 20.2 bp −$2,017 | 44.4 bp −$22.2K |
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 | −0.0165% | 8h | 0.1008 | −0.198% | $153.1M | $271.6M | 75x | as long as short |
| Kraken Futures PF_DOGEUSD | −0.0077% | 1h | 0.1010 | +0.007% | $6.1M | $33.9M | 50x | as long as short |
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.1009 | −0.059% | $416K | $4.9M | 2.8x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S 0.0000% | 1h | 0.1009 | −0.127% | $24K | — | 150x | as long as short |
| dYdX DOGE-USD | +0.0011% | 1h | 0.1008 | −0.246% | $226K | $44K | 10x | as long as short |
| Lighter DOGE | +0.0096% | 1h | 0.1010 | −0.022% | $797K | $5.9M | 15x | as long as short |
| Katana Perps DOGE-USD | +0.0100% | 8h | 0.1008 | −0.149% | $846 | $423K | 10x | as long as short |
| Nado DOGE-PERP | +0.0100% | 1h | 0.1008 | −0.173% | $517K | $972K | 10x | as long as short |
| Aster DOGEUSDT | +0.0100% | 8h | 0.1009 | −0.057% | $5.1M | $46.8M | 75x | as long as short |
| Pacifica DOGE | +0.0100% | 1h | 0.1008 | −0.157% | $336K | $512K | 20x | as long as short |
Bitget DOGEUSDT
Kraken Futures PF_DOGEUSD
Kalshi KXDOGEPERP
gTrade (Gains Network) DOGE/USD
dYdX DOGE-USD
Lighter DOGE
Katana Perps DOGE-USD
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 | 0.1008 | −0.210% | $320.4M | $1.40B | 75x | as long as short |
| Bybit DOGEUSDT | +0.0100% | 8h | 0.1007 | −0.317% | $160.5M | $438.9M | 75x | as long as short |
| OKX DOGE-USDT-SWAPshort | +0.0100% | 8h | 0.1007 | −0.307% | $111.5M | $971.6M | 50x | |
| Arcus DOGE-USD | +0.0100% | 1h | 0.1009 | −0.119% | $28K | $74K | 10x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.1009 | −0.067% | $387K | $5K | 10x | as long as short |
| Gate DOGE_USDT | +0.0100% | 8h | 0.1009 | −0.119% | $245.5M | $131.5M | 75x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.1007 | −0.307% | $113.3M | $226.2M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.1009 | −0.059% | $66.3M | $42.5M | 75x | as long as short |
| BingX DOGE-USDC | +0.0100% | 8h | 0.1009 | −0.079% | — | $3.4M | — | as long as short |
| Backpack DOGE_USDC_PERP | +0.0100% | 1h | 0.1011 | +0.059% | $367K | $1.1M | 15x | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.1009 | −0.111% | $996K | $8.1M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.1011 | +0.110% | $272K | $124.8M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.1011 | +0.088% | $645K | $4.5M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.1012 | +0.198% | $149K | $268K | 25x | as long as short |
| Polymarket Perps DOGE-USD | +0.0100% | 1h | 0.1008 | −0.198% | $265K | $635K | 10x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.1010 | −0.010% | $74K | $426K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.1010 | −0.029% | $25K | $1K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.1010 | +0.034% | $35K | $2.2M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.1010 | 0.000% | $2K | $3.8M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.1008 | −0.191% | $6.0M | $53.0M | 75x | as long as short |
| Phemex DOGEUSDTlong | +0.0100% | 8h | 0.1010 | long leg | $93.2M | $18.0M | 50x | |
| Paradex DOGE-USD-PERP | +0.0100% | 8h | 0.1009 | −0.077% | $18K | $5K | 30x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.1009 | −0.109% | $534K | $3.9M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.1010 | −0.019% | $19K | — | 3x | as long as short |
| Deribit DOGE_USDC-PERPETUAL | +0.0146% | 1h | 0.1010 | +0.020% | $608K | $119K | 25x | as long as short |
| 01 Exchange DOGEUSD | +0.0176% | 1h | 0.1008 | −0.156% | $532 | $4K | 10x | as long as short |
| Reya DOGERUSDPERP | +0.0182% | 1h | 0.1008 | −0.171% | $2K | — | 20x | as long as short |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.1010 | +0.040% | $15.6M | $25.8M | 75x | as long as short |
| Coinbase International DOGE-PERP-INTX | +0.0240% | 1h | 0.1010 | +0.030% | $2.0M | $25.3M | 50x | as long as short |
| Phoenix DOGE | +0.0240% | 1h | 0.1013 | +0.271% | $66K | $283K | 10x | as long as short |
| GMX DOGE/USD [ETH-USDC] | L +0.0247% / S −0.0271% | 1h | 0.1008 | −0.153% | $317K | — | 200x | as long as short |
| RISEx DOGE/USDC | +0.0701% | 1h | 0.1009 | −0.124% | $326K | $404K | 10x | as long as short |
| Hyperliquid DOGE | +0.0765% | 1h | 0.1010 | +0.020% | $123.5M | $95.7M | 10x | as long as short |
| Injective DOGE/USDC PERP | +0.0973% | 1h | 0.1012 | +0.198% | $5K | $239K | 12x | as long as short |
Binance DOGEUSDT
Bybit DOGEUSDT
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
Deribit DOGE_USDC-PERPETUAL
01 Exchange DOGEUSD
Reya DOGERUSDPERP
BloFin DOGE-USDT
Coinbase International DOGE-PERP-INTX
Phoenix DOGE
GMX DOGE/USD [ETH-USDC]
RISEx DOGE/USDC
Hyperliquid DOGE
Injective DOGE/USDC PERP