Funding you earn now, next payment 03:00 UTC−0.0142%/8h= −15.6% APRpaid last 24h +0.006%
Price spread now: HTX against Phoenix+2.366%72s7-day average −0.006% · you sell dearer than you buy
Net, funding: paid 7d − costs−$20as 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−$420.419% of the position
Funding, last 7 days+0.222%+$22 on $10k
+Price spread, last 4 days (all we have)−2.365%−$236 · spread now +2.366%, 7d avg −0.006%
=The price spread pays, funding is against you. HTX is 2.372% dearer against Phoenix than usual: you sell high and buy low (spread +2.366% now, against its 7-day average of −0.006%): +$237 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 56 days. Mind the row above: over the last 7 days funding on this pair paid +0.222%, so the current rate has only just turned against you. The two prices were read 72 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 | 0.1022 | 0.0242 | pay 0.0030% / 1h | 54m 20s | $66K | $292K | 10x |
| Short | HTX DOGE-USDT | 0.1046 | 0.0100 | get 0.0100% / 8h | 3h 54m | $6.2M | $61.9M | 75x |
Phoenix DOGE
HTX DOGE-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
HTX 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
- −$29.91
- Price spread: +2.366% → −0.006%
- $237.24
- Slippage, 4 orders
- −$22.88
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee HTX: 6 bp × 2 orders
- −$12
- Net
- $165.45
- Costs to cover
- 0.419%
- Break-even
- from the start
Slippage from Phoenix: live order book, 59 min ago; HTX: live order book, 5 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, 59 min ago | 1.01 bp | 12.3 bp −$12 | 50.7 bp −$507 | doesn't fit | doesn't fit |
| Sell HTX live order book, 5 min ago | 2.30 bp | 8.6 bp −$9 | 16.3 bp −$163 | 39.6 bp −$3,958 | 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 | −0.0012% | 8h | 0.1046 | +2.277% | $142.4M | $305.1M | 75x | as long as short |
| dYdX DOGE-USD | 0.0000% | 1h | 0.1051 | +2.802% | $236K | $59K | 10x | as long as short |
| Deribit DOGE_USDC-PERPETUAL | 0.0000% | 1h | 0.1045 | +2.266% | $614K | $167K | 25x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S 0.0000% | 1h | 0.1044 | +2.124% | $25K | — | 150x | as long as short |
| Lighter DOGE | +0.0096% | 1h | 0.1047 | +2.445% | $766K | $6.3M | 15x | as long as short |
| Nado DOGE-PERP | +0.0100% | 1h | 0.1044 | +2.131% | $565K | $1.1M | 10x | as long as short |
| Aster DOGEUSDT | +0.0100% | 8h | 0.1047 | +2.465% | $4.9M | $52.2M | 75x | as long as short |
| Pacifica DOGE | +0.0100% | 1h | 0.1050 | +2.708% | $346K | $491K | 20x | as long as short |
| Binance DOGEUSDT | +0.0100% | 8h | 0.1045 | +2.213% | $345.1M | $1.55B | 75x | as long as short |
| Bybit DOGEUSDT | +0.0100% | 8h | 0.1045 | +2.268% | $172.9M | $477.8M | 75x | as long as short |
Bitget DOGEUSDT
dYdX DOGE-USD
Deribit DOGE_USDC-PERPETUAL
gTrade (Gains Network) DOGE/USD
Lighter DOGE
Nado DOGE-PERP
Aster DOGEUSDT
Pacifica DOGE
Binance DOGEUSDT
Bybit DOGEUSDTShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.1046 | +2.307% | $117.9M | $1.13B | 50x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.1047 | +2.389% | $402K | $11K | 10x | as long as short |
| Gate DOGE_USDT | +0.0100% | 8h | 0.1044 | +2.150% | $256.6M | $139.7M | 75x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.1045 | +2.180% | $117.9M | $238.3M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.1045 | +2.199% | $69.0M | $45.1M | 75x | as long as short |
| BingX DOGE-USDC | +0.0100% | 8h | 0.1044 | +2.150% | — | $3.5M | — | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.1049 | +2.665% | $1.1M | $8.2M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.1027 | +0.454% | $312K | $133.1M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.1028 | +0.606% | $651K | $4.5M | 10x | as long as short |
| Polymarket Perps DOGE-USD | +0.0100% | 1h | 0.1045 | +2.189% | $268K | $885K | 10x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.1045 | +2.268% | $73K | $440K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.1046 | +2.299% | $26K | $1K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.1047 | +2.436% | $37K | $2.2M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.1047 | +2.405% | $2K | $4.8M | 10x | as long as short |
| HTX DOGE-USDTshort | +0.0100% | 8h | 0.1046 | +2.366% | $6.2M | $61.9M | 75x | |
| Phemex DOGEUSDT | +0.0100% | 8h | 0.1046 | +2.277% | $96.1M | $17.1M | 50x | as long as short |
| Paradex DOGE-USD-PERP | +0.0104% | 8h | 0.1049 | +2.582% | $19K | $7K | 30x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.1045 | +2.274% | $509K | $4.1M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.1045 | +2.271% | $20K | — | 3x | as long as short |
| Katana Perps DOGE-USD | +0.0121% | 8h | 0.1048 | +2.483% | $2K | $479K | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0174% | 1h | 0.1027 | +0.468% | $149K | $293K | 25x | as long as short |
| Reya DOGERUSDPERP | +0.0191% | 1h | 0.1045 | +2.201% | $2K | — | 20x | as long as short |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.1047 | +2.405% | $16.4M | $27.4M | 75x | as long as short |
| Kraken Futures PF_DOGEUSD | +0.0240% | 1h | 0.1047 | +2.410% | $5.8M | $37.2M | 50x | as long as short |
| Phoenix DOGElong | +0.0242% | 1h | 0.1022 | long leg | $66K | $292K | 10x | |
| 01 Exchange DOGEUSD | +0.0248% | 1h | 0.1047 | +2.454% | $466 | $4K | 10x | as long as short |
| GMX DOGE/USD [ETH-USDC] | L +0.0260% / S −0.0317% | 1h | 0.1044 | +2.118% | $343K | — | 200x | as long as short |
| Coinbase International DOGE-PERP-INTX | +0.0304% | 1h | 0.1048 | +2.483% | $2.1M | $31.3M | 50x | as long as short |
| Kalshi KXDOGEPERP | +0.0307% | 8h | 0.1048 | +2.518% | $750K | $6.1M | 2.8x | as long as short |
| Backpack DOGE_USDC_PERP | +0.0404% | 1h | 0.1050 | +2.669% | $346K | $1.2M | 15x | as long as short |
| Arcus DOGE-USD | +0.0634% | 1h | 0.1048 | +2.522% | $114K | $199K | 10x | as long as short |
| Hyperliquid DOGE | +0.0645% | 1h | 0.1045 | +2.258% | $128.7M | $106.0M | 10x | as long as short |
| RISEx DOGE/USDC | +0.0728% | 1h | 0.1048 | +2.527% | $423K | $426K | 10x | as long as short |
| Injective DOGE/USDC PERP | +0.1062% | 1h | 0.1053 | +3.011% | $6K | $242K | 12x | as long as short |
OKX DOGE-USDT-SWAP
Bulk DOGE-USD
Gate DOGE_USDT
MEXC DOGE_USDT
KuCoin DOGEUSDTM
BingX DOGE-USDC
Variational Omni DOGE
edgeX DOGEUSDC
GRVT DOGE_USDT_Perp
Polymarket Perps DOGE-USD
Orderly PERP_DOGE_USDC
Derive DOGE-PERP
SunX DOGE-USDT
SoDEX DOGE-USD
Phemex DOGEUSDT
Paradex DOGE-USD-PERP
Extended DOGE-USD
Aevo DOGE-PERP
Katana Perps DOGE-USD
ApeX Omni DOGEUSDT
Reya DOGERUSDPERP
BloFin DOGE-USDT
Kraken Futures PF_DOGEUSD
01 Exchange DOGEUSD
GMX DOGE/USD [ETH-USDC]
Coinbase International DOGE-PERP-INTX
Kalshi KXDOGEPERP
Backpack DOGE_USDC_PERP
Arcus DOGE-USD
Hyperliquid DOGE
RISEx DOGE/USDC
Injective DOGE/USDC PERP