DOGE

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0176%/8h= −19.3% APRnext payment −$0.22 per $10,000 · paid last 24h −0.015%

Price spread now: Deribit against Phoenix−0.015%7-day average −0.016% · you buy dearer than you sell

Net, funding: paid 7d − costs−$43as in the Funding arb table

Net, price: spread back to 7d avg − costs−$45as in the Price arb table

costs, in and out, $10k−$450.451% of the position

Long on Phoenix Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.025%+$3 on $10k

Price spread, last 3 days (all we have)+0.018%+$2 · spread now −0.015%, 7d avg −0.016%

Together, before fees+0.043%+$4 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.016%, so right now this pair is about funding alone: −$5 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix DOGE	0.09916	0.0239	pay 0.0030% / 1h	5m 09s	$66K	$281K	10x
Short	Deribit DOGE_USDC-PERPETUAL	0.09915	0.0063	get 0.0008% / 1h	5m 09s	$596K	$121K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Phoenix. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee PhoenixbpFee DeribitbpOrdersPrice spread, now −0.015%Rate

Funding earned: −$36.96
Price spread: −0.015% → −0.016%: $0.09
Slippage, 4 orders: −$31.14
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$82.02
Costs to cover: 0.451%
Break-even: never at this rate

Slippage from Phoenix: live order book, 68 min ago; Deribit: live order book, 9 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, 68 min ago	1.00 bp	12.3 bp −$12	50.7 bp −$507	doesn't fit	doesn't fit
Sell Deribit live order book, 9 min ago	3.53 bp	9.4 bp −$9	37.2 bp −$372	doesn't fit	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	−0.0214%	8h	0.09907	−0.093%	$151.3M	$270.3M	75x	as long as short
Kalshi KXDOGEPERP	0.0000%	8h	0.09910	−0.058%	$394K	$4.8M	2.8x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S 0.0000%	1h	0.09911	−0.049%	$24K	—	150x	as long as short
Deribit DOGE_USDC-PERPETUALshort	+0.0063%	1h	0.09915	−0.015%	$596K	$121K	25x
Gate DOGE_USDT	+0.0069%	8h	0.09908	−0.083%	$241.0M	$129.0M	75x	as long as short
dYdX DOGE-USD	+0.0070%	1h	0.09904	−0.127%	$222K	$44K	10x	as long as short
Lighter DOGE	+0.0096%	1h	0.09916	−0.006%	$783K	$5.6M	15x	as long as short
Katana Perps DOGE-USD	+0.0098%	8h	0.09914	−0.022%	$958	$394K	10x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.09912	−0.042%	$508K	$976K	10x	as long as short
Aster DOGEUSDT	+0.0100%	8h	0.09913	−0.031%	$4.8M	$46.0M	75x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica DOGE	+0.0100%	1h	0.09906	−0.105%	$330K	$511K	20x	as long as short
Binance DOGEUSDT	+0.0100%	8h	0.09925	+0.094%	$314.8M	$1.38B	75x	as long as short
Bybit DOGEUSDT	+0.0100%	8h	0.09912	−0.042%	$155.9M	$434.4M	75x	as long as short
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.09915	−0.012%	$109.1M	$948.8M	50x	as long as short
Arcus DOGE-USD	+0.0100%	1h	0.09920	+0.038%	$28K	$82K	10x	as long as short
MEXC DOGE_USDT	+0.0100%	8h	0.09913	−0.032%	$110.7M	$223.1M	300x	as long as short
KuCoin DOGEUSDTM	+0.0100%	8h	0.09914	−0.022%	$65.4M	$42.1M	75x	as long as short
BingX DOGE-USDT	+0.0100%	8h	0.09915	−0.012%	—	$75.9M	—	as long as short
Variational Omni DOGE	+0.0100%	8h	0.09893	−0.232%	$994K	$8.1M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.09911	−0.055%	$256K	$120.7M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.09921	+0.048%	$634K	$4.6M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.09900	−0.163%	$145K	$252K	25x	as long as short
Polymarket Perps DOGE-USD	+0.0100%	1h	0.09908	−0.084%	$255K	$556K	10x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.09911	−0.052%	$72K	$446K	50x	as long as short
Derive DOGE-PERP	+0.0100%	1h	0.09910	−0.066%	$24K	$1K	10x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.09914	−0.017%	$35K	$2.2M	30x	as long as short
SoDEX DOGE-USD	+0.0100%	1h	0.09913	−0.032%	$2K	$3.6M	10x	as long as short
HTX DOGE-USDT	+0.0100%	8h	0.09913	−0.037%	$5.9M	$52.1M	75x	as long as short
Phemex DOGEUSDT	+0.0100%	8h	0.09913	−0.032%	$91.6M	$19.2M	50x	as long as short
Bulk DOGE-USD	+0.0100%	1h	0.09909	−0.073%	$380K	$12K	10x	as long as short
Paradex DOGE-USD-PERP	+0.0100%	8h	0.09905	−0.112%	$18K	$5K	30x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.09910	−0.062%	$520K	$3.7M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.09914	−0.023%	$19K	—	3x	as long as short
Kraken Futures PF_DOGEUSD	+0.0106%	1h	0.09912	−0.047%	$5.9M	$33.6M	50x	as long as short
Reya DOGERUSDPERP	+0.0180%	1h	0.09912	−0.037%	$2K	—	20x	as long as short
01 Exchange DOGEUSD	+0.0216%	1h	0.09919	+0.024%	$524	$4K	10x	as long as short
BloFin DOGE-USDT	+0.0220%	8h	0.09911	−0.052%	$15.2M	$25.2M	75x	as long as short
Phoenix DOGElong	+0.0239%	1h	0.09916	long leg	$66K	$281K	10x
Coinbase International DOGE-PERP-INTX	+0.0240%	1h	0.09921	+0.048%	$2.0M	$24.1M	50x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0243% / S −0.0262%	1h	0.09909	−0.069%	$305K	—	200x	as long as short
Backpack DOGE_USDC_PERP	+0.0305%	1h	0.09917	+0.008%	$383K	$1.1M	15x	as long as short
RISEx DOGE/USDC	+0.0708%	1h	0.09920	+0.038%	$313K	$477K	10x	as long as short
Hyperliquid DOGE	+0.0818%	1h	0.09926	+0.095%	$116.0M	$90.3M	10x	as long as short
Injective DOGE/USDC PERP	+0.1039%	1h	0.09940	+0.240%	$5K	$239K	12x	as long as short