DOGE

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC+0.0933%/8h= +102.2% APRnext payment +$1.17 per $10,000 · paid last 24h +0.221%

Price spread now: Injective against Phoenix+0.318%7-day average +0.163% · you sell dearer than you buy

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

Long on Phoenix Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days+1.717%+$172 on $10k

Price spread, last 3 days (all we have)−0.424%−$42 · spread now +0.318%, 7d avg +0.163%

Together, before fees+1.293%+$129 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$28 a day on $10k at the current rate, and Injective is 0.155% dearer against Phoenix than usual: you sell high and buy low: +$15 more if the spread goes back to its 7-day average of +0.163%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix DOGE	0.09849	0.0080	pay 0.0010% / 1h	34m 47s	$15K	$225K	10x
Short	Injective DOGE/USDC PERP	0.09880	0.1013	get 0.0127% / 1h	34m 47s	$5K	$153K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +0.318%Rate

Funding earned: $195.95
Price spread: +0.318% → +0.163%: $15.46
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $204.39
Costs to cover: 0.070%
Break-even: from the start

Slippage unknown: Phoenix: live order book, 49 min ago; Injective: live order book, 54 min ago. 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, 49 min ago	1.01 bp	12.3 bp −$12	50.7 bp −$507	doesn't fit	doesn't fit
Sell Injective live order book, 54 min ago	35.12 bp	49.6 bp −$50	doesn't fit	doesn't fit	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	−0.0279%	8h	0.09863	+0.145%	$151.8M	$259.9M	75x	as long as short
Kalshi KXDOGEPERP	0.0000%	8h	0.09863	+0.143%	$357K	$4.3M	2.8x	as long as short
Deribit DOGE_USDC-PERPETUAL	0.0000%	1h	0.09870	+0.220%	$617K	$91K	25x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S −0.0001%	1h	0.09866	+0.171%	$32K	—	150x	as long as short
dYdX DOGE-USD	+0.0052%	1h	0.09859	+0.106%	$221K	$44K	10x	as long as short
Gate DOGE_USDT	+0.0062%	8h	0.09861	+0.125%	$234.5M	$119.1M	75x	as long as short
Phoenix DOGElong	+0.0080%	1h	0.09849	long leg	$15K	$225K	10x
Katana Perps DOGE-USD	+0.0095%	8h	0.09867	+0.186%	$1K	$336K	10x	as long as short
Lighter DOGE	+0.0096%	1h	0.09870	+0.217%	$783K	$5.1M	15x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.09867	+0.186%	$626K	$695K	10x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster DOGEUSDT	+0.0100%	8h	0.09866	+0.181%	$4.9M	$40.6M	75x	as long as short
Pacifica DOGE	+0.0100%	1h	0.09863	+0.147%	$335K	$505K	20x	as long as short
Binance DOGEUSDT	+0.0100%	8h	0.09864	+0.155%	$313.6M	$1.26B	75x	as long as short
Bybit DOGEUSDT	+0.0100%	8h	0.09865	+0.166%	$156.5M	$397.1M	75x	as long as short
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.09873	+0.247%	$107.6M	$883.5M	50x	as long as short
Arcus DOGE-USD	+0.0100%	1h	0.09874	+0.257%	$28K	$75K	10x	as long as short
Bulk DOGE-USD	+0.0100%	1h	0.09919	+0.712%	$380K	$19K	10x	as long as short
MEXC DOGE_USDT	+0.0100%	8h	0.09867	+0.186%	$119.3M	$214.5M	300x	as long as short
KuCoin DOGEUSDTM	+0.0100%	8h	0.09870	+0.216%	$64.9M	$38.9M	75x	as long as short
BingX DOGE-USDT	+0.0100%	8h	0.09864	+0.155%	—	$73.3M	—	as long as short
Variational Omni DOGE	+0.0100%	8h	0.09842	−0.066%	$917K	$7.8M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.09844	−0.047%	$261K	$111.6M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.09856	+0.077%	$627K	$4.6M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.09860	+0.115%	$140K	$222K	25x	as long as short
Polymarket Perps DOGE-USD	+0.0100%	1h	0.09869	+0.206%	$271K	$531K	10x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.09868	+0.196%	$56K	$397K	50x	as long as short
Derive DOGE-PERP	+0.0100%	1h	0.09865	+0.163%	$24K	$1K	10x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.09870	+0.218%	$35K	$2.2M	30x	as long as short
SoDEX DOGE-USD	+0.0100%	1h	0.09868	+0.196%	$2K	$3.3M	10x	as long as short
HTX DOGE-USDT	+0.0100%	8h	0.09873	+0.251%	$5.9M	$46.6M	75x	as long as short
Phemex DOGEUSDT	+0.0100%	8h	0.09867	+0.186%	$91.6M	$19.0M	50x	as long as short
Paradex DOGE-USD-PERP	+0.0100%	8h	0.09863	+0.144%	$19K	$3K	30x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.09862	+0.134%	$550K	$3.5M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.09868	+0.198%	$19K	—	3x	as long as short
Reya DOGERUSDPERP	+0.0173%	1h	0.09868	+0.196%	$2K	—	20x	as long as short
Backpack DOGE_USDC_PERP	+0.0192%	1h	0.09878	+0.298%	$522K	$934K	15x	as long as short
01 Exchange DOGEUSD	+0.0208%	1h	0.09871	+0.229%	$521	$4K	10x	as long as short
BloFin DOGE-USDT	+0.0220%	8h	0.09873	+0.247%	$15.2M	$23.7M	75x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0224%	1h	0.09878	+0.298%	$2.0M	$22.2M	50x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0243% / S −0.0263%	1h	0.09865	+0.161%	$304K	—	200x	as long as short
Kraken Futures PF_DOGEUSD	+0.0290%	1h	0.09864	+0.151%	$6.0M	$31.6M	50x	as long as short
Hyperliquid DOGE	+0.0445%	1h	0.09879	+0.310%	$109.6M	$78.6M	10x	as long as short
RISEx DOGE/USDC	+0.0536%	1h	0.09874	+0.252%	$308K	$470K	10x	as long as short
Injective DOGE/USDC PERPshort	+0.1013%	1h	0.09880	+0.318%	$5K	$153K	12x