Funding you earn now, next payment 22:00 UTC+0.0135%/8h= +14.8% APRnext payment +$0.17 per $10,000 · paid last 24h +0.038%
Price spread now: Coinbase International against Phoenix+0.929%72s7-day average −0.003% · you sell dearer than you buy
Net, funding: paid 7d − costs−$28as 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−$420.416% of the position
Funding, last 7 days+0.133%+$13 on $10k
+Price spread, last 3 days (all we have)−0.949%−$95 · spread now +0.929%, 7d avg −0.003%
=Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Coinbase International is 0.933% dearer against Phoenix than usual: you sell high and buy low: +$93 more if the spread goes back to its 7-day average of −0.003%. The two prices were read 72 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 | 0.0081 | pay 0.0010% / 1h | 42m 23s | $16K | $222K | 10x |
| Short | Coinbase International DOGE-PERP-INTX | 0.1018 | 0.0216 | get 0.0027% / 1h | 42m 23s | $2.1M | $23.5M | 50x |
Phoenix DOGE
Coinbase International DOGE-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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
- $28.45
- Price spread: +0.929% → −0.003%
- $93.26
- Slippage, 4 orders
- −$24.6
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- $80.11
- Costs to cover
- 0.416%
- Break-even
- from the start
Slippage from Phoenix: live order book, 35 min ago; Coinbase International: 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 Phoenix live order book, 35 min ago | 1.00 bp | 12.3 bp −$12 | 50.7 bp −$507 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 2 min ago | 0.99 bp | 8.9 bp −$9 | 14.4 bp −$144 | 47.8 bp −$4,782 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget DOGEUSDT | −0.0272% | 8h | 0.1016 | +0.780% | $155.5M | $263.5M | 75x | as long as short |
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.1011 | +0.213% | $404K | $4.5M | 2.8x | as long as short |
| Deribit DOGE_USDC-PERPETUAL | 0.0000% | 1h | 0.1017 | +0.896% | $616K | $105K | 25x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S −0.0001% | 1h | 0.1017 | +0.823% | $32K | — | 150x | as long as short |
| dYdX DOGE-USD | +0.0013% | 1h | 0.1012 | +0.404% | $227K | $44K | 10x | as long as short |
| Phoenix DOGElong | +0.0081% | 1h | 0.1008 | long leg | $16K | $222K | 10x | |
| Gate DOGE_USDT | +0.0088% | 8h | 0.1017 | +0.810% | $244.6M | $121.8M | 75x | as long as short |
| Lighter DOGE | +0.0096% | 1h | 0.1014 | +0.505% | $793K | $5.3M | 15x | as long as short |
| Katana Perps DOGE-USD | +0.0096% | 8h | 0.1016 | +0.761% | $849 | $359K | 10x | as long as short |
| Nado DOGE-PERP | +0.0100% | 1h | 0.1016 | +0.751% | $714K | $777K | 10x | as long as short |
Bitget DOGEUSDT
Kalshi KXDOGEPERP
Deribit DOGE_USDC-PERPETUAL
gTrade (Gains Network) DOGE/USD
dYdX DOGE-USD
Gate DOGE_USDT
Lighter DOGE
Katana Perps DOGE-USD
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 | 0.1017 | +0.801% | $5.2M | $42.1M | 75x | as long as short |
| Pacifica DOGE | +0.0100% | 1h | 0.1013 | +0.489% | $339K | $497K | 20x | as long as short |
| Binance DOGEUSDT | +0.0100% | 8h | 0.1017 | +0.855% | $323.8M | $1.29B | 75x | as long as short |
| Bybit DOGEUSDT | +0.0100% | 8h | 0.1017 | +0.870% | $164.7M | $409.4M | 75x | as long as short |
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.1018 | +0.909% | $110.9M | $930.0M | 50x | as long as short |
| Arcus DOGE-USD | +0.0100% | 1h | 0.1017 | +0.870% | $29K | $76K | 10x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.1003 | −0.538% | $384K | $14K | 10x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.1017 | +0.840% | $111.4M | $215.0M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.1017 | +0.800% | $66.5M | $39.6M | 75x | as long as short |
| BingX DOGE-USDC | +0.0100% | 8h | 0.1017 | +0.820% | — | $3.4M | — | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.1003 | −0.493% | $934K | $7.8M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.1006 | −0.285% | $276K | $113.4M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.1006 | −0.249% | $641K | $4.5M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.1006 | −0.241% | $147K | $240K | 25x | as long as short |
| Polymarket Perps DOGE-USD | +0.0100% | 1h | 0.1017 | +0.830% | $274K | $536K | 10x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.1017 | +0.880% | $73K | $420K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.1017 | +0.879% | $25K | $1K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.1018 | +0.911% | $36K | $2.2M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.1017 | +0.880% | $2K | $3.5M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.1012 | +0.354% | $6.1M | $48.9M | 75x | as long as short |
| Phemex DOGEUSDT | +0.0100% | 8h | 0.1012 | +0.364% | $93.8M | $19.0M | 50x | as long as short |
| Paradex DOGE-USD-PERP | +0.0101% | 8h | 0.1013 | +0.501% | $18K | $5K | 30x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.1017 | +0.882% | $564K | $3.6M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.1017 | +0.880% | $19K | — | 3x | as long as short |
| Reya DOGERUSDPERP | +0.0176% | 1h | 0.1017 | +0.861% | $2K | — | 20x | as long as short |
| 01 Exchange DOGEUSD | +0.0184% | 1h | 0.1017 | +0.810% | $537 | $4K | 10x | as long as short |
| Coinbase International DOGE-PERP-INTXshort | +0.0216% | 1h | 0.1018 | +0.929% | $2.1M | $23.5M | 50x | |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.1012 | +0.354% | $15.4M | $24.6M | 75x | as long as short |
| GMX DOGE/USD [ETH-USDC] | L +0.0247% / S −0.0271% | 1h | 0.1017 | +0.804% | $319K | — | 200x | as long as short |
| Kraken Futures PF_DOGEUSD | +0.0358% | 1h | 0.1017 | +0.840% | $6.1M | $32.2M | 50x | as long as short |
| Backpack DOGE_USDC_PERP | +0.0416% | 1h | 0.1014 | +0.572% | $535K | $936K | 15x | as long as short |
| Hyperliquid DOGE | +0.0451% | 1h | 0.1017 | +0.890% | $112.1M | $81.5M | 10x | as long as short |
| RISEx DOGE/USDC | +0.0702% | 1h | 0.1017 | +0.845% | $319K | $476K | 10x | as long as short |
| Injective DOGE/USDC PERP | +0.0966% | 1h | 0.1013 | +0.453% | $5K | $207K | 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
BingX DOGE-USDC
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
Reya DOGERUSDPERP
01 Exchange DOGEUSD
BloFin DOGE-USDT
GMX DOGE/USD [ETH-USDC]
Kraken Futures PF_DOGEUSD
Backpack DOGE_USDC_PERP
Hyperliquid DOGE
RISEx DOGE/USDC
Injective DOGE/USDC PERP