Funding you earn now, next payment 21:00 UTC+0.0020%/8h= +2.2% APRpaid last 24h +0.022%
Price spread now: BingX against Phoenix+0.086%79s7-day average −0.075% · you sell dearer than you buy
Net, funding: paid 7d − costs−$22as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$410.415% of the position
Funding, last 7 days+0.199%+$20 on $10k
+Price spread, last 3 days (all we have)−0.529%−$53 · spread now +0.086%, 7d avg −0.075%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and BingX is 0.161% dearer against Phoenix than usual: you sell high and buy low: +$16 more if the spread goes back to its 7-day average of −0.075%. The two prices were read 79 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix DOGE | 0.09885 | 0.0080 | pay 0.0010% / 1h | 45m 59s | $15K | $225K | 10x |
| Short | BingX DOGE-USDC | 0.09894 | 0.0100 | get 0.0100% / 8h | 2h 45m | — | $3.4M | — |
Phoenix DOGE
BingX DOGE-USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Phoenix. 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
- $4.24
- Price spread: +0.086% → −0.075%
- $16.14
- Slippage, 4 orders
- −$24.46
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$21.09
- Costs to cover
- 0.415%
- Break-even
- 41.8 days
Slippage from Phoenix: live order book, 37 min ago; BingX: live order book, 4 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 Phoenix live order book, 37 min ago | 1.01 bp | 12.3 bp −$12 | 50.7 bp −$507 | doesn't fit | doesn't fit |
| Sell BingX live order book, 4 min ago | 1.01 bp | 8.0 bp −$8 | 12.5 bp −$125 | 30.1 bp −$3,011 | 109.1 bp −$54.5K |
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 | −0.0279% | 8h | 0.09888 | +0.025% | $151.8M | $259.5M | 75x | as long as short |
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.09897 | +0.116% | $349K | $4.2M | 2.8x | as long as short |
| Deribit DOGE_USDC-PERPETUAL | 0.0000% | 1h | 0.09902 | +0.167% | $619K | $88K | 25x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S −0.0001% | 1h | 0.09899 | +0.136% | $31K | — | 150x | as long as short |
| dYdX DOGE-USD | +0.0045% | 1h | 0.09899 | +0.132% | $222K | $44K | 10x | as long as short |
| Gate DOGE_USDT | +0.0065% | 8h | 0.09890 | +0.046% | $235.1M | $118.3M | 75x | as long as short |
| Phoenix DOGElong | +0.0080% | 1h | 0.09885 | long leg | $15K | $225K | 10x | |
| Katana Perps DOGE-USD | +0.0095% | 8h | 0.09895 | +0.096% | $2K | $334K | 10x | as long as short |
| Lighter DOGE | +0.0096% | 1h | 0.09902 | +0.168% | $797K | $5.0M | 15x | as long as short |
| Nado DOGE-PERP | +0.0100% | 1h | 0.09896 | +0.101% | $628K | $695K | 10x | as long as short |
Bitget DOGEUSDT
Kalshi KXDOGEPERP
Deribit DOGE_USDC-PERPETUAL
gTrade (Gains Network) DOGE/USD
dYdX DOGE-USD
Gate DOGE_USDT
Katana Perps DOGE-USD
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 | 0.09899 | +0.134% | $4.9M | $40.2M | 75x | as long as short |
| Pacifica DOGE | +0.0100% | 1h | 0.09900 | +0.143% | $337K | $503K | 20x | as long as short |
| Binance DOGEUSDT | +0.0100% | 8h | 0.09894 | +0.084% | $317.0M | $1.25B | 75x | as long as short |
| Bybit DOGEUSDT | +0.0100% | 8h | 0.09894 | +0.086% | $154.1M | $393.7M | 75x | as long as short |
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.09898 | +0.126% | $107.5M | $883.6M | 50x | as long as short |
| Arcus DOGE-USD | +0.0100% | 1h | 0.09906 | +0.207% | $28K | $75K | 10x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.09895 | +0.096% | $379K | $19K | 10x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.09899 | +0.137% | $117.7M | $211.2M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.09901 | +0.157% | $65.2M | $38.9M | 75x | as long as short |
| BingX DOGE-USDCshort | +0.0100% | 8h | 0.09894 | +0.086% | — | $3.4M | — | |
| Variational Omni DOGE | +0.0100% | 8h | 0.09879 | −0.070% | $1.1M | $7.6M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.09886 | +0.002% | $263K | $110.6M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.09884 | −0.011% | $622K | $4.7M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.09880 | −0.056% | $141K | $222K | 25x | as long as short |
| Polymarket Perps DOGE-USD | +0.0100% | 1h | 0.09895 | +0.092% | $274K | $545K | 10x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.09903 | +0.177% | $72K | $362K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.09899 | +0.134% | $24K | $1K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.09903 | +0.181% | $35K | $2.1M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.09899 | +0.137% | $2K | $3.3M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.09897 | +0.113% | $6.0M | $46.2M | 75x | as long as short |
| Phemex DOGEUSDT | +0.0100% | 8h | 0.09901 | +0.157% | $91.9M | $18.9M | 50x | as long as short |
| Paradex DOGE-USD-PERP | +0.0100% | 8h | 0.09898 | +0.124% | $19K | $3K | 30x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.09896 | +0.108% | $543K | $3.5M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.09902 | +0.167% | $19K | — | 3x | as long as short |
| Backpack DOGE_USDC_PERP | +0.0113% | 1h | 0.09900 | +0.147% | $524K | $855K | 15x | as long as short |
| Reya DOGERUSDPERP | +0.0173% | 1h | 0.09898 | +0.122% | $2K | — | 20x | as long as short |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.09888 | +0.025% | $15.3M | $23.6M | 75x | as long as short |
| Coinbase International DOGE-PERP-INTX | +0.0224% | 1h | 0.09905 | +0.197% | $2.0M | $22.1M | 50x | as long as short |
| GMX DOGE/USD [ETH-USDC] | L +0.0243% / S −0.0263% | 1h | 0.09898 | +0.127% | $305K | — | 200x | as long as short |
| Kraken Futures PF_DOGEUSD | +0.0289% | 1h | 0.09902 | +0.170% | $6.8M | $30.3M | 50x | as long as short |
| 01 Exchange DOGEUSD | +0.0304% | 1h | 0.09899 | +0.141% | $523 | $4K | 10x | as long as short |
| Hyperliquid DOGE | +0.0511% | 1h | 0.09901 | +0.153% | $110.6M | $77.6M | 10x | as long as short |
| RISEx DOGE/USDC | +0.0536% | 1h | 0.09908 | +0.226% | $312K | $469K | 10x | as long as short |
| Injective DOGE/USDC PERP | +0.1013% | 1h | 0.09910 | +0.248% | $5K | $153K | 12x | as long as short |
Aster DOGEUSDT
Pacifica DOGE
Binance DOGEUSDT
Bybit DOGEUSDT
OKX DOGE-USDT-SWAP
Arcus DOGE-USD
Bulk DOGE-USD
MEXC DOGE_USDT
KuCoin DOGEUSDTM
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
Phemex DOGEUSDT
Paradex DOGE-USD-PERP
Extended DOGE-USD
Aevo DOGE-PERP
Backpack DOGE_USDC_PERP
Reya DOGERUSDPERP
BloFin DOGE-USDT
Coinbase International DOGE-PERP-INTX
GMX DOGE/USD [ETH-USDC]
Kraken Futures PF_DOGEUSD
01 Exchange DOGEUSD
Hyperliquid DOGE
RISEx DOGE/USDC
Injective DOGE/USDC PERP