Funding you earn now, next payment 00:00 UTC−0.0140%/8h= −15.4% APRpaid last 24h −0.004%
Price spread now: GRVT against Phoenix−0.359%7-day average −0.041% · you buy dearer than you sell
Net, funding: paid 7d − costs−$17as in the Funding arb table
Net, price: spread back to 7d avg − costs−$70as in the Price arb table
costs, in and out, $10k−$380.384% of the position
Funding, last 7 days+0.214%+$21 on $10k
+Price spread, last 3 days (all we have)+0.260%+$26 · spread now −0.359%, 7d avg −0.041%
=Together, before fees+0.475%+ Points / potential airdropGRVT: Active · farm board+$47 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and GRVT is 0.318% cheaper against Phoenix than usual: you would sell low and buy high (−$32 if the spread goes back to its 7-day average of −0.041%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.214%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix DOGE | 0.1008 | 0.0240 | pay 0.0030% / 1h | 16m 31s | $65K | $283K | 10x |
| Short | GRVT DOGE_USDT_Perp | 0.1005 | 0.0100 | get 0.0100% / 8h | 7h 16m | $630K | $4.5M | 10x |
Phoenix DOGE
GRVT DOGE_USDT_PerpFunding history
latest
Range statsloading…
Price spread between the two exchanges
GRVT 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
- −$29.45
- Price spread: −0.359% → −0.041%
- −$31.81
- Slippage, 4 orders
- −$22.41
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- −$99.67
- Costs to cover
- 0.384%
- Break-even
- never at this rate
Slippage from Phoenix: live order book, 52 min ago; GRVT: live order book, 3 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, 52 min ago | 1.01 bp | 12.3 bp −$12 | 50.7 bp −$507 | doesn't fit | doesn't fit |
| Sell GRVT live order book, 3 min ago | 0.50 bp | 6.0 bp −$6 | 14.4 bp −$144 | 46.4 bp −$4,644 | 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 | −0.0171% | 8h | 0.1009 | +0.096% | $153.5M | $271.4M | 75x | as long as short |
| Kraken Futures PF_DOGEUSD | −0.0077% | 1h | 0.1008 | −0.020% | $6.1M | $33.9M | 50x | as long as short |
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.1008 | +0.002% | $418K | $4.8M | 2.8x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S 0.0000% | 1h | 0.1007 | −0.124% | $24K | — | 150x | as long as short |
| dYdX DOGE-USD | +0.0013% | 1h | 0.1009 | +0.082% | $227K | $44K | 10x | as long as short |
| Deribit DOGE_USDC-PERPETUAL | +0.0018% | 1h | 0.1008 | −0.038% | $606K | $121K | 25x | as long as short |
| Lighter DOGE | +0.0096% | 1h | 0.1011 | +0.216% | $789K | $5.8M | 15x | as long as short |
| Katana Perps DOGE-USD | +0.0100% | 8h | 0.1010 | +0.185% | $1K | $418K | 10x | as long as short |
| Nado DOGE-PERP | +0.0100% | 1h | 0.1011 | +0.225% | $518K | $973K | 10x | as long as short |
| Aster DOGEUSDT | +0.0100% | 8h | 0.1010 | +0.120% | $5.0M | $46.5M | 75x | as long as short |
Bitget DOGEUSDT
Kraken Futures PF_DOGEUSD
Kalshi KXDOGEPERP
gTrade (Gains Network) DOGE/USD
dYdX DOGE-USD
Deribit DOGE_USDC-PERPETUAL
Lighter DOGE
Katana Perps DOGE-USD
Nado DOGE-PERP
Aster DOGEUSDTShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica DOGE | +0.0100% | 1h | 0.1010 | +0.164% | $337K | $511K | 20x | as long as short |
| Binance DOGEUSDT | +0.0100% | 8h | 0.1011 | +0.213% | $321.5M | $1.40B | 75x | as long as short |
| Bybit DOGEUSDT | +0.0100% | 8h | 0.1011 | +0.225% | $160.3M | $438.5M | 75x | as long as short |
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.1011 | +0.245% | $111.7M | $975.4M | 50x | as long as short |
| Arcus DOGE-USD | +0.0100% | 1h | 0.1011 | +0.235% | $28K | $82K | 10x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.1003 | −0.520% | $384K | $5K | 10x | as long as short |
| Gate DOGE_USDT | +0.0100% | 8h | 0.1010 | +0.146% | $246.2M | $130.3M | 75x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.1010 | +0.185% | $113.2M | $225.4M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.1010 | +0.185% | $66.2M | $42.5M | 75x | as long as short |
| BingX DOGE-USDC | +0.0100% | 8h | 0.1009 | +0.086% | — | $3.4M | — | as long as short |
| Backpack DOGE_USDC_PERP | +0.0100% | 1h | 0.1009 | +0.076% | $365K | $1.1M | 15x | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.1004 | −0.391% | $989K | $8.1M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.1005 | −0.333% | $266K | $124.4M | 20x | as long as short |
| GRVT DOGE_USDT_Perpshort | +0.0100% | 8h | 0.1005 | −0.359% | $630K | $4.5M | 10x | |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.1004 | −0.439% | $148K | $268K | 25x | as long as short |
| Polymarket Perps DOGE-USD | +0.0100% | 1h | 0.1008 | −0.043% | $268K | $635K | 10x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.1008 | −0.053% | $73K | $424K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.1008 | −0.063% | $25K | $1K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.1008 | −0.016% | $36K | $2.2M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.1008 | −0.033% | $2K | $3.8M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.1008 | −0.048% | $6.0M | $52.8M | 75x | as long as short |
| Phemex DOGEUSDT | +0.0100% | 8h | 0.1008 | +0.007% | $93.1M | $17.6M | 50x | as long as short |
| Paradex DOGE-USD-PERP | +0.0100% | 8h | 0.1010 | +0.176% | $18K | $5K | 30x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.1010 | +0.140% | $531K | $3.9M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.1009 | +0.012% | $19K | — | 3x | as long as short |
| 01 Exchange DOGEUSD | +0.0176% | 1h | 0.1011 | +0.249% | $534 | $4K | 10x | as long as short |
| Reya DOGERUSDPERP | +0.0182% | 1h | 0.1007 | −0.104% | $2K | — | 20x | as long as short |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.1008 | +0.007% | $15.5M | $25.7M | 75x | as long as short |
| Coinbase International DOGE-PERP-INTX | +0.0240% | 1h | 0.1009 | +0.027% | $2.0M | $25.1M | 50x | as long as short |
| Phoenix DOGElong | +0.0240% | 1h | 0.1008 | long leg | $65K | $283K | 10x | |
| GMX DOGE/USD [ETH-USDC] | L +0.0247% / S −0.0272% | 1h | 0.1007 | −0.149% | $316K | — | 200x | as long as short |
| RISEx DOGE/USDC | +0.0701% | 1h | 0.1011 | +0.226% | $327K | $404K | 10x | as long as short |
| Hyperliquid DOGE | +0.0802% | 1h | 0.1011 | +0.205% | $123.0M | $95.3M | 10x | as long as short |
| Injective DOGE/USDC PERP | +0.0973% | 1h | 0.1007 | −0.142% | $5K | $239K | 12x | as long as short |
Pacifica DOGE
Binance DOGEUSDT
Bybit DOGEUSDT
OKX DOGE-USDT-SWAP
Arcus DOGE-USD
Bulk DOGE-USD
Gate DOGE_USDT
MEXC DOGE_USDT
KuCoin DOGEUSDTM
BingX DOGE-USDC
Backpack DOGE_USDC_PERP
Variational Omni DOGE
edgeX DOGEUSDC
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
01 Exchange DOGEUSD
Reya DOGERUSDPERP
BloFin DOGE-USDT
Coinbase International DOGE-PERP-INTX
GMX DOGE/USD [ETH-USDC]
RISEx DOGE/USDC
Hyperliquid DOGE
Injective DOGE/USDC PERP