Funding you earn now, next payment 05:00 UTC−0.0020%/8h= −2.2% APRpaid last 24h +0.036%
Price spread now: BloFin against Phoenix+0.142%7-day average −0.020% · you sell dearer than you buy
Net, funding: paid 7d − costs−$2as in the Funding arb table
Net, price: spread back to 7d avg − costs−$25as in the Price arb table
costs, in and out, $10k−$410.411% of the position
Funding, last 7 days+0.388%+$39 on $10k
+Price spread, last 4 days (all we have)−0.178%−$18 · spread now +0.142%, 7d avg −0.020%
=The price spread pays, funding is against you. BloFin is 0.162% dearer against Phoenix than usual: you sell high and buy low (spread +0.142% now, against its 7-day average of −0.020%): +$16 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 27 days. Mind the row above: over the last 7 days funding on this pair paid +0.388%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix DOGE | 0.09916 | 0.0240 | pay 0.0030% / 1h | 18m 26s | $18K | $382K | 10x |
| Short | BloFin DOGE-USDT | 0.09930 | 0.0220 | get 0.0220% / 8h | 2h 18m | $15.9M | $26.8M | 75x |
Phoenix DOGE
BloFin DOGE-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- −$4.2
- Price spread: +0.142% → −0.020%
- $16.18
- Slippage, 4 orders
- −$22.11
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$29.13
- Costs to cover
- 0.411%
- Break-even
- never at this rate
Slippage from Phoenix: live order book, 24 min ago; BloFin: live order book, 6 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, 24 min ago | 1.00 bp | 12.4 bp −$12 | 50.8 bp −$508 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 6 min ago | 1.01 bp | 9.3 bp −$9 | 10.4 bp −$104 | 15.8 bp −$1,579 | 34.1 bp −$17.0K |
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 | |
|---|---|---|---|---|---|---|---|---|
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.09930 | +0.139% | $608K | $6.5M | 2.8x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S 0.0000% | 1h | 0.09928 | +0.126% | $34K | — | 150x | as long as short |
| Kraken Futures PF_DOGEUSD | +0.0002% | 1h | 0.09924 | +0.087% | $5.6M | $39.9M | 50x | as long as short |
| dYdX DOGE-USD | +0.0033% | 1h | 0.09922 | +0.063% | $223K | $70K | 10x | as long as short |
| Polymarket Perps DOGE-USD | +0.0038% | 1h | 0.09923 | +0.073% | $267K | $1.2M | 10x | as long as short |
| Lighter DOGE | +0.0096% | 1h | 0.09928 | +0.122% | $847K | $6.8M | 15x | as long as short |
| Nado DOGE-PERP | +0.0100% | 1h | 0.09917 | +0.016% | $538K | $1.1M | 10x | as long as short |
| Aster DOGEUSDT | +0.0100% | 8h | 0.09931 | +0.153% | $4.4M | $57.2M | 75x | as long as short |
| Pacifica DOGE | +0.0100% | 1h | 0.09924 | +0.082% | $318K | $514K | 20x | as long as short |
| Binance DOGEUSDT | +0.0100% | 8h | 0.09930 | +0.144% | $324.6M | $1.68B | 75x | as long as short |
Kalshi KXDOGEPERP
gTrade (Gains Network) DOGE/USD
Kraken Futures PF_DOGEUSD
dYdX DOGE-USD
Polymarket Perps DOGE-USD
Lighter DOGE
Nado DOGE-PERP
Aster DOGEUSDT
Pacifica DOGE
Binance DOGEUSDTShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit DOGEUSDT | +0.0100% | 8h | 0.09928 | +0.122% | $163.4M | $517.3M | 75x | as long as short |
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.09930 | +0.142% | $116.1M | $1.17B | 50x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.09881 | −0.356% | $379K | $16K | 10x | as long as short |
| Gate DOGE_USDT | +0.0100% | 8h | 0.09927 | +0.112% | $248.0M | $153.3M | 75x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.09930 | +0.142% | $110.1M | $255.2M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.09924 | +0.082% | $65.8M | $49.6M | 75x | as long as short |
| Bitget DOGEUSDT | +0.0100% | 8h | 0.09917 | +0.011% | $139.5M | $338.9M | 75x | as long as short |
| BingX DOGE-USDC | +0.0100% | 8h | 0.09927 | +0.112% | — | $3.5M | — | as long as short |
| Backpack DOGE_USDC_PERP | +0.0100% | 1h | 0.09929 | +0.132% | $298K | $1.3M | 15x | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.09900 | −0.163% | $1.0M | $8.7M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.09913 | −0.027% | $320K | $139.1M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.09872 | −0.439% | $627K | $4.7M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.09880 | −0.362% | $146K | $341K | 25x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.09930 | +0.142% | $63K | $469K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.09926 | +0.098% | $19K | $7K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.09930 | +0.141% | $35K | $2.3M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.09926 | +0.102% | $2K | $5.3M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.09922 | +0.063% | $5.9M | $68.1M | 75x | as long as short |
| Phemex DOGEUSDT | +0.0100% | 8h | 0.09925 | +0.092% | $91.2M | $17.1M | 50x | as long as short |
| Paradex DOGE-USD-PERP | +0.0100% | 8h | 0.09920 | +0.046% | $18K | $5K | 30x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.09920 | +0.041% | $482K | $4.1M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.09932 | +0.164% | $19K | — | 3x | as long as short |
| Hyperliquid DOGE | +0.0104% | 1h | 0.09935 | +0.192% | $123.2M | $115.7M | 10x | as long as short |
| Katana Perps DOGE-USD | +0.0111% | 8h | 0.09923 | +0.072% | $829 | $527K | 10x | as long as short |
| Reya DOGERUSDPERP | +0.0195% | 1h | 0.09928 | +0.120% | $2K | — | 20x | as long as short |
| 01 Exchange DOGEUSD | +0.0200% | 1h | 0.09929 | +0.133% | $442 | $4K | 10x | as long as short |
| BloFin DOGE-USDTshort | +0.0220% | 8h | 0.09930 | +0.142% | $15.9M | $26.8M | 75x | |
| Arcus DOGE-USD | +0.0231% | 1h | 0.09928 | +0.122% | $27K | $299K | 10x | as long as short |
| Phoenix DOGElong | +0.0240% | 1h | 0.09916 | long leg | $18K | $382K | 10x | |
| GMX DOGE/USD [ETH-USDC] | L +0.0250% / S −0.0288% | 1h | 0.09928 | +0.120% | $315K | — | 200x | as long as short |
| Coinbase International DOGE-PERP-INTX | +0.0304% | 1h | 0.09929 | +0.132% | $1.9M | $34.1M | 50x | as long as short |
| Deribit DOGE_USDC-PERPETUAL | +0.0314% | 1h | 0.09931 | +0.147% | $564K | $247K | 25x | as long as short |
| RISEx DOGE/USDC | +0.0686% | 1h | 0.09928 | +0.127% | $400K | $444K | 10x | as long as short |
| Injective DOGE/USDC PERP | +0.1217% | 1h | 0.1053 | +6.193% | $6K | $242K | 12x | as long as short |
Bybit DOGEUSDT
OKX DOGE-USDT-SWAP
Bulk DOGE-USD
Gate DOGE_USDT
MEXC DOGE_USDT
KuCoin DOGEUSDTM
Bitget DOGEUSDT
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
Phemex DOGEUSDT
Paradex DOGE-USD-PERP
Extended DOGE-USD
Aevo DOGE-PERP
Hyperliquid DOGE
Katana Perps DOGE-USD
Reya DOGERUSDPERP
01 Exchange DOGEUSD
Arcus DOGE-USD
GMX DOGE/USD [ETH-USDC]
Coinbase International DOGE-PERP-INTX
Deribit DOGE_USDC-PERPETUAL
RISEx DOGE/USDC
Injective DOGE/USDC PERP