Funding you earn now, next payment 00:00 UTC−0.0140%/8h= −15.4% APRnext payment −$0.18 per $10,000 · paid last 24h +0.016%
Price spread now: Bulk against Phoenix−0.520%51s7-day average −0.035% · 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—prices read too far apart to compare
costs, in and out, $10k−$420.417% of the position
Funding, last 3 days (all we have)+0.072%+$7 on $10k
+Price spread, last 3 days (all we have)+0.426%+$43 · spread now −0.520%, 7d avg −0.035%
=Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Bulk is 0.485% cheaper against Phoenix than usual: you would sell low and buy high (−$48 if the spread goes back to its 7-day average of −0.035%). Swap the legs. Mind the row above: over the last 3 days funding on this pair paid +0.072%, so the current rate has only just turned against you. The two prices were read 51 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 | 0.1008 | 0.0240 | pay 0.0030% / 1h | 18m 31s | $65K | $283K | 10x |
| Short | Bulk DOGE-USD | 0.1003 | 0.0100 | get 0.0013% / 1h | 18m 31s | $384K | $5K | 10x |
Phoenix DOGE
Bulk DOGE-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bulk 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
- −$29.45
- Price spread: −0.520% → −0.035%
- −$48.49
- Slippage, 4 orders
- −$27.73
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Bulk: 3.5 bp × 2 orders
- −$7
- Net
- −$119.67
- Costs to cover
- 0.417%
- Break-even
- never at this rate
Slippage from Phoenix: live order book, 50 min ago; Bulk: live order book, 55 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, 50 min ago | 1.01 bp | 12.3 bp −$12 | 50.7 bp −$507 | doesn't fit | doesn't fit |
| Sell Bulk live order book, 55 min ago | 5.04 bp | 8.5 bp −$9 | 8.5 bp −$85 | 8.5 bp −$854 | 18.0 bp −$9,021 |
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 | −0.0174% | 8h | 0.1004 | −0.469% | $152.7M | $271.3M | 75x | as long as short |
| Kraken Futures PF_DOGEUSD | −0.0077% | 1h | 0.1003 | −0.510% | $6.0M | $33.9M | 50x | as long as short |
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.1006 | −0.228% | $418K | $4.8M | 2.8x | as long as short |
| Deribit DOGE_USDC-PERPETUAL | 0.0000% | 1h | 0.1006 | −0.261% | $605K | $121K | 25x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S 0.0000% | 1h | 0.1007 | −0.165% | $24K | — | 150x | as long as short |
| dYdX DOGE-USD | +0.0014% | 1h | 0.1002 | −0.649% | $225K | $44K | 10x | as long as short |
| Lighter DOGE | +0.0096% | 1h | 0.1004 | −0.465% | $784K | $5.8M | 15x | as long as short |
| Katana Perps DOGE-USD | +0.0100% | 8h | 0.1003 | −0.489% | $1K | $418K | 10x | as long as short |
| Nado DOGE-PERP | +0.0100% | 1h | 0.1004 | −0.449% | $515K | $972K | 10x | as long as short |
| Aster DOGEUSDT | +0.0100% | 8h | 0.1003 | −0.499% | $5.0M | $46.5M | 75x | as long as short |
Bitget DOGEUSDT
Kraken Futures PF_DOGEUSD
Kalshi KXDOGEPERP
Deribit DOGE_USDC-PERPETUAL
gTrade (Gains Network) DOGE/USD
dYdX DOGE-USD
Lighter DOGE
Katana Perps DOGE-USD
Nado DOGE-PERP
Aster DOGEUSDTShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica DOGE | +0.0100% | 1h | 0.1003 | −0.546% | $334K | $511K | 20x | as long as short |
| Binance DOGEUSDT | +0.0100% | 8h | 0.1003 | −0.509% | $319.2M | $1.40B | 75x | as long as short |
| Bybit DOGEUSDT | +0.0100% | 8h | 0.1004 | −0.429% | $159.5M | $438.6M | 75x | as long as short |
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.1004 | −0.390% | $110.8M | $969.0M | 50x | as long as short |
| Arcus DOGE-USD | +0.0100% | 1h | 0.1004 | −0.469% | $28K | $82K | 10x | as long as short |
| Bulk DOGE-USDshort | +0.0100% | 1h | 0.1003 | −0.520% | $384K | $5K | 10x | |
| Gate DOGE_USDT | +0.0100% | 8h | 0.1003 | −0.568% | $243.9M | $130.1M | 75x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.1003 | −0.489% | $112.6M | $225.3M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.1003 | −0.509% | $65.8M | $42.4M | 75x | as long as short |
| BingX DOGE-USDT | +0.0100% | 8h | 0.1003 | −0.548% | — | $76.1M | — | as long as short |
| Backpack DOGE_USDC_PERP | +0.0100% | 1h | 0.1004 | −0.459% | $363K | $1.1M | 15x | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.1004 | −0.391% | $989K | $8.1M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.1005 | −0.333% | $266K | $124.4M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.1005 | −0.359% | $630K | $4.5M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.1004 | −0.439% | $148K | $268K | 25x | as long as short |
| Polymarket Perps DOGE-USD | +0.0100% | 1h | 0.1004 | −0.400% | $267K | $635K | 10x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.1006 | −0.241% | $73K | $424K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.1006 | −0.261% | $25K | $1K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.1004 | −0.472% | $36K | $2.2M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.1003 | −0.489% | $2K | $3.8M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.1003 | −0.525% | $6.0M | $52.6M | 75x | as long as short |
| Phemex DOGEUSDT | +0.0100% | 8h | 0.1003 | −0.519% | $92.6M | $17.8M | 50x | as long as short |
| Paradex DOGE-USD-PERP | +0.0100% | 8h | 0.1003 | −0.570% | $18K | $5K | 30x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.1003 | −0.500% | $529K | $3.9M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.1006 | −0.263% | $19K | — | 3x | as long as short |
| 01 Exchange DOGEUSD | +0.0176% | 1h | 0.1004 | −0.463% | $530 | $4K | 10x | as long as short |
| Reya DOGERUSDPERP | +0.0182% | 1h | 0.1005 | −0.376% | $2K | — | 20x | as long as short |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.1003 | −0.519% | $15.5M | $25.6M | 75x | as long as short |
| Coinbase International DOGE-PERP-INTX | +0.0240% | 1h | 0.1005 | −0.300% | $2.0M | $25.0M | 50x | as long as short |
| Phoenix DOGElong | +0.0240% | 1h | 0.1008 | long leg | $65K | $283K | 10x | |
| GMX DOGE/USD [ETH-USDC] | L +0.0247% / S −0.0272% | 1h | 0.1007 | −0.143% | $316K | — | 200x | as long as short |
| RISEx DOGE/USDC | +0.0701% | 1h | 0.1004 | −0.481% | $325K | $404K | 10x | as long as short |
| Hyperliquid DOGE | +0.0805% | 1h | 0.1006 | −0.231% | $122.5M | $95.3M | 10x | as long as short |
| Injective DOGE/USDC PERP | +0.0973% | 1h | 0.1007 | −0.142% | $5K | $239K | 12x | as long as short |
Pacifica DOGE
Binance DOGEUSDT
Bybit DOGEUSDT
OKX DOGE-USDT-SWAP
Arcus DOGE-USD
Gate DOGE_USDT
MEXC DOGE_USDT
KuCoin DOGEUSDTM
BingX DOGE-USDT
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
Phemex DOGEUSDT
Paradex DOGE-USD-PERP
Extended DOGE-USD
Aevo DOGE-PERP
01 Exchange DOGEUSD
Reya DOGERUSDPERP
BloFin DOGE-USDT
Coinbase International DOGE-PERP-INTX
GMX DOGE/USD [ETH-USDC]
RISEx DOGE/USDC
Hyperliquid DOGE
Injective DOGE/USDC PERP