DOGE

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC+0.0020%/8h= +2.2% APRnext payment +$0.03 per $10,000 · paid last 24h +0.017%

Price spread now: Derive against Phoenix−0.040%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Phoenix Short on Derive

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Derive is 0.040% cheaper against Phoenix than usual: you would sell low and buy high (spread −0.040% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 6.6 days of funding at the current rate (+$1 a day).

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	49m 09s	$15K	$225K	10x
Short	Derive DOGE-PERP	0.09882	0.0100	get 0.0013% / 1h	49m 09s	$24K	$1K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Derive 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 DerivebpOrdersPrice spread, now −0.040%Rate

Funding earned: $4.24
Price spread: −0.040% → 0.000%: −$3.97
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Derive: 3 bp × 2 orders: −$6
Net: −$12.73
Costs to cover: 0.130%
Break-even: 28.0 days

Slippage unknown: Phoenix: live order book, 34 min ago; Derive: no order-book sample. Net counts fees only.

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, 34 min ago	1.01 bp	12.3 bp −$12	50.7 bp −$507	doesn't fit	doesn't fit
Sell Derive no order-book sample	—	—	—	—	—

Derive: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0278%	8h	0.09868	−0.177%	$151.4M	$259.5M	75x	as long as short
Kalshi KXDOGEPERP	0.0000%	8h	0.09887	+0.012%	$337K	$4.2M	2.8x	as long as short
Deribit DOGE_USDC-PERPETUAL	0.0000%	1h	0.09886	+0.002%	$618K	$88K	25x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S −0.0001%	1h	0.09883	−0.028%	$31K	—	150x	as long as short
dYdX DOGE-USD	+0.0058%	1h	0.09882	−0.040%	$222K	$44K	10x	as long as short
Gate DOGE_USDT	+0.0061%	8h	0.09875	−0.106%	$234.8M	$118.2M	75x	as long as short
Phoenix DOGElong	+0.0080%	1h	0.09885	long leg	$15K	$225K	10x
Katana Perps DOGE-USD	+0.0095%	8h	0.09878	−0.076%	$2K	$335K	10x	as long as short
Lighter DOGE	+0.0096%	1h	0.09887	+0.011%	$796K	$5.0M	15x	as long as short
Aster DOGEUSDT	+0.0100%	8h	0.09882	−0.035%	$4.8M	$40.2M	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	0.09883	−0.025%	$337K	$503K	20x	as long as short
Binance DOGEUSDT	+0.0100%	8h	0.09882	−0.039%	$316.6M	$1.25B	75x	as long as short
Bybit DOGEUSDT	+0.0100%	8h	0.09879	−0.066%	$154.4M	$393.8M	75x	as long as short
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.09880	−0.056%	$107.4M	$882.7M	50x	as long as short
Arcus DOGE-USD	+0.0100%	1h	0.09887	+0.015%	$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	0.09880	−0.056%	$121.6M	$205.4M	300x	as long as short
KuCoin DOGEUSDTM	+0.0100%	8h	0.09880	−0.056%	$65.2M	$38.8M	75x	as long as short
BingX DOGE-USDT	+0.0100%	8h	0.09880	−0.056%	—	$73.2M	—	as long as short
Backpack DOGE_USDC_PERP	+0.0100%	1h	0.09883	−0.025%	$525K	$857K	15x	as long as short
Variational Omni DOGE	+0.0100%	8h	0.09879	−0.070%	$1.1M	$7.6M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.09950	+0.655%	$264K	$110.1M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.09879	−0.068%	$621K	$4.7M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.09880	−0.056%	$141K	$222K	25x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.09881	−0.046%	$627K	$694K	10x	as long as short
Polymarket Perps DOGE-USD	+0.0100%	1h	0.09877	−0.089%	$274K	$545K	10x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.09883	−0.025%	$72K	$363K	50x	as long as short
Derive DOGE-PERPshort	+0.0100%	1h	0.09882	−0.040%	$24K	$1K	10x
SunX DOGE-USDT	+0.0100%	8h	0.09890	+0.050%	$35K	$2.1M	30x	as long as short
SoDEX DOGE-USD	+0.0100%	1h	0.09883	−0.025%	$2K	$3.3M	10x	as long as short
HTX DOGE-USDT	+0.0100%	8h	0.09879	−0.065%	$5.9M	$46.2M	75x	as long as short
Phemex DOGEUSDT	+0.0100%	8h	0.09882	−0.035%	$91.7M	$18.9M	50x	as long as short
Paradex DOGE-USD-PERP	+0.0100%	8h	0.09878	−0.078%	$19K	$3K	30x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.09881	−0.044%	$540K	$3.5M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.09882	−0.032%	$19K	—	3x	as long as short
Reya DOGERUSDPERP	+0.0173%	1h	0.09884	−0.019%	$2K	—	20x	as long as short
BloFin DOGE-USDT	+0.0220%	8h	0.09889	+0.035%	$15.3M	$23.6M	75x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0224%	1h	0.09888	+0.025%	$2.0M	$22.1M	50x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0243% / S −0.0263%	1h	0.09883	−0.026%	$305K	—	200x	as long as short
Kraken Futures PF_DOGEUSD	+0.0289%	1h	0.09885	−0.004%	$6.8M	$30.2M	50x	as long as short
01 Exchange DOGEUSD	+0.0392%	1h	0.09881	−0.046%	$522	$4K	10x	as long as short
RISEx DOGE/USDC	+0.0536%	1h	0.09886	+0.010%	$311K	$469K	10x	as long as short
Hyperliquid DOGE	+0.0549%	1h	0.09889	+0.035%	$110.9M	$77.3M	10x	as long as short
Injective DOGE/USDC PERP	+0.1013%	1h	0.09920	+0.349%	$5K	$153K	12x	as long as short