Funding you earn now, next payment 01:00 UTC−0.0141%/8h= −15.5% APRpaid last 24h +0.006%
Price spread now: Gate against Phoenix+0.039%92s7-day average −0.062% · you sell dearer than you buy
Net, funding: paid 7d − costs−$32as 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−$480.477% of the position
Funding, last 7 days+0.158%+$16 on $10k
+Price spread, last 4 days (all we have)−0.763%−$76 · spread now +0.039%, 7d avg −0.062%
=The price spread pays, funding is against you. Gate is 0.101% dearer against Phoenix than usual: you sell high and buy low (spread +0.039% now, against its 7-day average of −0.062%): +$10 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 2.4 days. Mind the row above: over the last 7 days funding on this pair paid +0.158%, so the current rate has only just turned against you. The two prices were read 92 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 | 0.09898 | 0.0241 | pay 0.0030% / 1h | 31m 43s | $64K | $284K | 10x |
| Short | Gate DOGE_USDT | 0.09902 | 0.0100 | get 0.0100% / 8h | 6h 31m | $240.7M | $131.8M | 75x |
Phoenix DOGE
Gate DOGE_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$29.65
- Price spread: +0.039% → −0.062%
- $10.13
- Slippage, 4 orders
- −$25.75
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$67.27
- Costs to cover
- 0.477%
- Break-even
- never at this rate
Slippage from Phoenix: live order book, 31 min ago; Gate: 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, 31 min ago | 1.00 bp | 12.3 bp −$12 | 50.8 bp −$508 | doesn't fit | doesn't fit |
| Sell Gate live order book, 2 min ago | 0.51 bp | 11.0 bp −$11 | 17.8 bp −$178 | 30.3 bp −$3,034 | 53.3 bp −$26.6K |
DOGE on 43 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 | −0.0121% | 8h | 0.09892 | −0.062% | $150.0M | $273.4M | 75x | as long as short |
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.09879 | −0.194% | $389K | $5.0M | 2.8x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S 0.0000% | 1h | 0.09912 | +0.143% | $23K | — | 150x | as long as short |
| dYdX DOGE-USD | +0.0021% | 1h | 0.09918 | +0.200% | $223K | $51K | 10x | as long as short |
| Deribit DOGE_USDC-PERPETUAL | +0.0043% | 1h | 0.09915 | +0.176% | $592K | $118K | 25x | as long as short |
| Kraken Futures PF_DOGEUSD | +0.0067% | 1h | 0.09909 | +0.114% | $5.8M | $34.1M | 50x | as long as short |
| Lighter DOGE | +0.0096% | 1h | 0.09909 | +0.108% | $769K | $6.0M | 15x | as long as short |
| Katana Perps DOGE-USD | +0.0099% | 8h | 0.09918 | +0.201% | $829 | $429K | 10x | as long as short |
| Nado DOGE-PERP | +0.0100% | 1h | 0.09928 | +0.307% | $484K | $971K | 10x | as long as short |
| Aster DOGEUSDT | +0.0100% | 8h | 0.09907 | +0.094% | $4.6M | $48.3M | 75x | as long as short |
Bitget DOGEUSDT
Kalshi KXDOGEPERP
gTrade (Gains Network) DOGE/USD
dYdX DOGE-USD
Deribit DOGE_USDC-PERPETUAL
Kraken Futures PF_DOGEUSD
Lighter DOGE
Katana Perps DOGE-USD
Nado DOGE-PERP
Aster DOGEUSDTShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica DOGE | +0.0100% | 1h | 0.09922 | +0.247% | $327K | $504K | 20x | as long as short |
| Binance DOGEUSDT | +0.0100% | 8h | 0.09908 | +0.099% | $313.7M | $1.43B | 75x | as long as short |
| Bybit DOGEUSDT | +0.0100% | 8h | 0.09899 | +0.009% | $156.7M | $442.3M | 75x | as long as short |
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.09903 | +0.050% | $109.1M | $974.6M | 50x | as long as short |
| Arcus DOGE-USD | +0.0100% | 1h | 0.09933 | +0.353% | $128K | $178K | 10x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.09870 | −0.284% | $378K | $5K | 10x | as long as short |
| Gate DOGE_USDTshort | +0.0100% | 8h | 0.09902 | +0.039% | $240.7M | $131.8M | 75x | |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.09907 | +0.090% | $109.1M | $229.2M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.09908 | +0.100% | $65.5M | $43.0M | 75x | as long as short |
| BingX DOGE-USDT | +0.0100% | 8h | 0.09902 | +0.039% | — | $76.5M | — | as long as short |
| Backpack DOGE_USDC_PERP | +0.0100% | 1h | 0.09910 | +0.120% | $343K | $1.1M | 15x | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.09884 | −0.143% | $973K | $8.2M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.09884 | −0.146% | $271K | $128.3M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.09887 | −0.116% | $622K | $4.5M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.09880 | −0.183% | $144K | $276K | 25x | as long as short |
| Polymarket Perps DOGE-USD | +0.0100% | 1h | 0.09924 | +0.262% | $256K | $642K | 10x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.09916 | +0.181% | $70K | $440K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.09914 | +0.157% | $24K | $1K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.09919 | +0.211% | $35K | $2.2M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.09912 | +0.140% | $2K | $3.7M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.09918 | +0.205% | $5.9M | $54.8M | 75x | as long as short |
| Phemex DOGEUSDT | +0.0100% | 8h | 0.09906 | +0.080% | $91.3M | $17.1M | 50x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.09905 | +0.073% | $523K | $3.9M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.09917 | +0.194% | $19K | — | 3x | as long as short |
| Paradex DOGE-USD-PERP | +0.0112% | 8h | 0.09922 | +0.245% | $18K | $6K | 30x | as long as short |
| Reya DOGERUSDPERP | +0.0184% | 1h | 0.09928 | +0.301% | $2K | — | 20x | as long as short |
| 01 Exchange DOGEUSD | +0.0192% | 1h | 0.09923 | +0.254% | $529 | $4K | 10x | as long as short |
| Coinbase International DOGE-PERP-INTX | +0.0240% | 1h | 0.09925 | +0.272% | $2.0M | $25.0M | 50x | as long as short |
| Phoenix DOGElong | +0.0241% | 1h | 0.09898 | long leg | $64K | $284K | 10x | |
| GMX DOGE/USD [ETH-USDC] | L +0.0245% / S −0.0267% | 1h | 0.09914 | +0.163% | $309K | — | 200x | as long as short |
| RISEx DOGE/USDC | +0.0563% | 1h | 0.09926 | +0.281% | $319K | $404K | 10x | as long as short |
| Hyperliquid DOGE | +0.0706% | 1h | 0.09912 | +0.143% | $120.6M | $97.3M | 10x | as long as short |
| Injective DOGE/USDC PERP | +0.1004% | 1h | 0.09920 | +0.221% | $5K | $239K | 12x | as long as short |
Pacifica DOGE
Binance DOGEUSDT
Bybit DOGEUSDT
OKX DOGE-USDT-SWAP
Arcus DOGE-USD
Bulk DOGE-USD
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
Extended DOGE-USD
Aevo DOGE-PERP
Paradex DOGE-USD-PERP
Reya DOGERUSDPERP
01 Exchange DOGEUSD
Coinbase International DOGE-PERP-INTX
GMX DOGE/USD [ETH-USDC]
RISEx DOGE/USDC
Hyperliquid DOGE
Injective DOGE/USDC PERP