Funding you earn now, next payment 22:00 UTC+0.0019%/8h= +2.1% APRpaid last 24h +0.021%
Price spread now: edgeX against Phoenix−0.121%7-day average −0.060% · you buy dearer than you sell
Net, funding: paid 7d − costs−$14as in the Funding arb table
Net, price: spread back to 7d avg − costs−$44as in the Price arb table
costs, in and out, $10k−$380.376% of the position
Funding, last 7 days+0.241%+$24 on $10k
+Price spread, last 3 days (all we have)+0.013%+$1 · spread now −0.121%, 7d avg −0.060%
=Together, before fees+0.253%+ Points / potential airdropedgeX: Active · farm board+$25 on $10k · with fees, hour by hour
Funding pays, the price is against you. edgeX is 0.061% cheaper against Phoenix than usual: you would sell low and buy high (spread −0.121% now, against its 7-day average of −0.060%). If the spread goes back, that is −$6 on $10k: about 10 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.241% in total) that is about 43 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix DOGE | 0.1017 | 0.0081 | pay 0.0010% / 1h | 36m 44s | $16K | $222K | 10x |
| Short | edgeX DOGEUSDC | 0.1016 | 0.0100 | get 0.0050% / 4h | 1h 36m | $278K | $114.4M | 20x |
Phoenix DOGE
edgeX DOGEUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX 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
- $4.09
- Price spread: −0.121% → −0.060%
- −$6.12
- Slippage, 4 orders
- −$21.57
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- −$39.6
- Costs to cover
- 0.376%
- Break-even
- 74.8 days
Slippage from Phoenix: live order book, 41 min ago; edgeX: 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, 41 min ago | 1.00 bp | 12.3 bp −$12 | 50.7 bp −$507 | doesn't fit | doesn't fit |
| Sell edgeX live order book, 2 min ago | 1.97 bp | 6.5 bp −$6 | 6.8 bp −$68 | 13.7 bp −$1,372 | 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 | −0.0270% | 8h | 0.1007 | −0.992% | $153.9M | $264.7M | 75x | as long as short |
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.1007 | −0.915% | $409K | $4.6M | 2.8x | as long as short |
| Deribit DOGE_USDC-PERPETUAL | 0.0000% | 1h | 0.1008 | −0.890% | $610K | $105K | 25x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S −0.0001% | 1h | 0.1007 | −0.937% | $32K | — | 150x | as long as short |
| dYdX DOGE-USD | +0.0010% | 1h | 0.1009 | −0.740% | $227K | $44K | 10x | as long as short |
| Phoenix DOGElong | +0.0081% | 1h | 0.1017 | long leg | $16K | $222K | 10x | |
| Gate DOGE_USDT | +0.0088% | 8h | 0.1007 | −0.933% | $242.2M | $122.6M | 75x | as long as short |
| Lighter DOGE | +0.0096% | 1h | 0.1008 | −0.900% | $787K | $5.3M | 15x | as long as short |
| Katana Perps DOGE-USD | +0.0096% | 8h | 0.1009 | −0.805% | $2K | $362K | 10x | as long as short |
| Nado DOGE-PERP | +0.0100% | 1h | 0.1007 | −0.919% | $706K | $782K | 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 | 0.1008 | −0.874% | $5.2M | $42.7M | 75x | as long as short |
| Pacifica DOGE | +0.0100% | 1h | 0.1009 | −0.717% | $338K | $503K | 20x | as long as short |
| Binance DOGEUSDT | +0.0100% | 8h | 0.1006 | −1.032% | $323.8M | $1.31B | 75x | as long as short |
| Bybit DOGEUSDT | +0.0100% | 8h | 0.1008 | −0.914% | $163.0M | $411.9M | 75x | as long as short |
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.1008 | −0.884% | $109.6M | $926.3M | 50x | as long as short |
| Arcus DOGE-USD | +0.0100% | 1h | 0.1010 | −0.697% | $28K | $76K | 10x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.1017 | +0.042% | $390K | $17K | 10x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.1008 | −0.884% | $111.9M | $215.9M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.1008 | −0.874% | $65.8M | $39.9M | 75x | as long as short |
| BingX DOGE-USDT | +0.0100% | 8h | 0.1008 | −0.904% | — | $74.2M | — | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.1017 | +0.034% | $954K | $7.8M | — | as long as short |
| edgeX DOGEUSDCshort | +0.0100% | 4h | 0.1016 | −0.121% | $278K | $114.4M | 20x | |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.1014 | −0.256% | $645K | $4.5M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.1014 | −0.274% | $149K | $241K | 25x | as long as short |
| Polymarket Perps DOGE-USD | +0.0100% | 1h | 0.1007 | −0.953% | $272K | $535K | 10x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.1008 | −0.904% | $73K | $432K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.1008 | −0.911% | $25K | $1K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.1008 | −0.831% | $36K | $2.2M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.1008 | −0.884% | $2K | $3.5M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.1008 | −0.903% | $6.1M | $49.4M | 75x | as long as short |
| Phemex DOGEUSDT | +0.0100% | 8h | 0.1008 | −0.914% | $93.3M | $19.0M | 50x | as long as short |
| Paradex DOGE-USD-PERP | +0.0101% | 8h | 0.1008 | −0.822% | $18K | $5K | 30x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.1008 | −0.891% | $559K | $3.6M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.1008 | −0.907% | $19K | — | 3x | as long as short |
| Reya DOGERUSDPERP | +0.0176% | 1h | 0.1007 | −0.958% | $2K | — | 20x | as long as short |
| 01 Exchange DOGEUSD | +0.0192% | 1h | 0.1009 | −0.745% | $533 | $4K | 10x | as long as short |
| Coinbase International DOGE-PERP-INTX | +0.0216% | 1h | 0.1008 | −0.904% | $2.0M | $23.4M | 50x | as long as short |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.1007 | −0.963% | $15.4M | $25.0M | 75x | as long as short |
| GMX DOGE/USD [ETH-USDC] | L +0.0246% / S −0.0271% | 1h | 0.1008 | −0.886% | $316K | — | 200x | as long as short |
| Kraken Futures PF_DOGEUSD | +0.0362% | 1h | 0.1007 | −0.946% | $6.0M | $32.4M | 50x | as long as short |
| Hyperliquid DOGE | +0.0418% | 1h | 0.1009 | −0.805% | $111.3M | $81.9M | 10x | as long as short |
| Backpack DOGE_USDC_PERP | +0.0420% | 1h | 0.1008 | −0.825% | $540K | $946K | 15x | as long as short |
| RISEx DOGE/USDC | +0.0702% | 1h | 0.1009 | −0.717% | $316K | $477K | 10x | as long as short |
| Injective DOGE/USDC PERP | +0.0966% | 1h | 0.1018 | +0.119% | $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-USDT
Variational Omni DOGE
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
Coinbase International DOGE-PERP-INTX
BloFin DOGE-USDT
GMX DOGE/USD [ETH-USDC]
Kraken Futures PF_DOGEUSD
Hyperliquid DOGE
Backpack DOGE_USDC_PERP
RISEx DOGE/USDC
Injective DOGE/USDC PERP