Funding you earn now, next payment 21:00 UTC+0.0015%/8h= +1.7% APRpaid last 24h +0.022%
Price spread now: Katana Perps against Phoenix−0.178%7-day average −0.051% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)+0.043%+$4 on $10k
+Price spread, last 3 days (all we have)−0.077%−$8 · spread now −0.178%, 7d avg −0.051%
=Funding pays, the price is against you. Katana Perps is 0.127% cheaper against Phoenix than usual: you would sell low and buy high (spread −0.178% now, against its 7-day average of −0.051%). If the spread goes back, that is −$13 on $10k: about 28 days of funding at the current rate ($0 a day). At the pace of the last 4 days (+0.043% in total) that is about 10 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix DOGE | 0.09864 | 0.0080 | pay 0.0010% / 1h | 29m 18s | $15K | $225K | 10x |
| Short | Katana Perps DOGE-USD | 0.09846 | 0.0095 | get 0.0095% / 8h | 2h 29m | $823 | $337K | 10x |
Phoenix DOGE
Katana Perps DOGE-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Katana Perps against Phoenix. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
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How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $3.23
- Price spread: −0.178% → −0.051%
- −$12.75
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Katana Perps: 1.9 bp × 2 orders
- −$3.8
- Net
- −$20.32
- Costs to cover
- 0.108%
- Break-even
- 51.0 days
Slippage unknown: Phoenix: live order book, 54 min ago; Katana Perps: no order-book sample. 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, 54 min ago | 1.01 bp | 12.3 bp −$12 | 50.7 bp −$507 | doesn't fit | doesn't fit |
| Sell Katana Perps no order-book sample | — | — | — | — | — |
Katana Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.0280% | 8h | 0.09848 | −0.158% | $151.5M | $260.1M | 75x | as long as short |
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.09856 | −0.079% | $358K | $4.3M | 2.8x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S −0.0001% | 1h | 0.09846 | −0.178% | $32K | — | 150x | as long as short |
| Deribit DOGE_USDC-PERPETUAL | +0.0024% | 1h | 0.09862 | −0.019% | $616K | $103K | 25x | as long as short |
| Gate DOGE_USDT | +0.0065% | 8h | 0.09843 | −0.209% | $234.2M | $119.5M | 75x | as long as short |
| Phoenix DOGElong | +0.0080% | 1h | 0.09864 | long leg | $15K | $225K | 10x | |
| dYdX DOGE-USD | +0.0088% | 1h | 0.09846 | −0.178% | $221K | $44K | 10x | as long as short |
| Katana Perps DOGE-USDshort | +0.0095% | 8h | 0.09846 | −0.178% | $823 | $337K | 10x | |
| Lighter DOGE | +0.0096% | 1h | 0.09852 | −0.114% | $781K | $5.1M | 15x | as long as short |
| Nado DOGE-PERP | +0.0100% | 1h | 0.09848 | −0.158% | $625K | $694K | 10x | as long as short |
Bitget DOGEUSDT
Kalshi KXDOGEPERP
gTrade (Gains Network) DOGE/USD
Deribit DOGE_USDC-PERPETUAL
Gate DOGE_USDT
dYdX DOGE-USD
Lighter DOGE
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 | 0.09850 | −0.138% | $4.8M | $40.4M | 75x | as long as short |
| Pacifica DOGE | +0.0100% | 1h | 0.09851 | −0.127% | $333K | $494K | 20x | as long as short |
| Binance DOGEUSDT | +0.0100% | 8h | 0.09849 | −0.143% | $312.5M | $1.26B | 75x | as long as short |
| Bybit DOGEUSDT | +0.0100% | 8h | 0.09852 | −0.118% | $156.1M | $396.7M | 75x | as long as short |
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.09859 | −0.047% | $107.5M | $882.0M | 50x | as long as short |
| Arcus DOGE-USD | +0.0100% | 1h | 0.09856 | −0.077% | $28K | $75K | 10x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.09838 | −0.260% | $377K | $19K | 10x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.09848 | −0.158% | $117.2M | $214.9M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.09847 | −0.168% | $64.6M | $39.1M | 75x | as long as short |
| BingX DOGE-USDC | +0.0100% | 8h | 0.09846 | −0.178% | — | $3.4M | — | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.09851 | −0.127% | $915K | $7.8M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.09849 | −0.146% | $262K | $112.1M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.09857 | −0.067% | $627K | $4.6M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.09850 | −0.138% | $140K | $223K | 25x | as long as short |
| Polymarket Perps DOGE-USD | +0.0100% | 1h | 0.09843 | −0.207% | $270K | $528K | 10x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.09858 | −0.057% | $56K | $397K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.09857 | −0.070% | $24K | $1K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.09855 | −0.087% | $35K | $2.2M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.09859 | −0.047% | $2K | $3.3M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.09855 | −0.087% | $5.9M | $46.6M | 75x | as long as short |
| Phemex DOGEUSDT | +0.0100% | 8h | 0.09843 | −0.209% | $91.3M | $19.0M | 50x | as long as short |
| Paradex DOGE-USD-PERP | +0.0100% | 8h | 0.09849 | −0.144% | $18K | $5K | 30x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.09854 | −0.094% | $547K | $3.6M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.09859 | −0.047% | $19K | — | 3x | as long as short |
| Reya DOGERUSDPERP | +0.0174% | 1h | 0.09844 | −0.195% | $2K | — | 20x | as long as short |
| 01 Exchange DOGEUSD | +0.0192% | 1h | 0.09853 | −0.105% | $520 | $4K | 10x | as long as short |
| Backpack DOGE_USDC_PERP | +0.0216% | 1h | 0.09849 | −0.148% | $520K | $931K | 15x | as long as short |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.09860 | −0.036% | $15.1M | $23.7M | 75x | as long as short |
| Coinbase International DOGE-PERP-INTX | +0.0224% | 1h | 0.09856 | −0.077% | $2.0M | $22.1M | 50x | as long as short |
| GMX DOGE/USD [ETH-USDC] | L +0.0243% / S −0.0263% | 1h | 0.09845 | −0.189% | $303K | — | 200x | as long as short |
| Kraken Futures PF_DOGEUSD | +0.0290% | 1h | 0.09858 | −0.053% | $5.9M | $31.7M | 50x | as long as short |
| Hyperliquid DOGE | +0.0426% | 1h | 0.09857 | −0.064% | $109.0M | $78.8M | 10x | as long as short |
| RISEx DOGE/USDC | +0.0536% | 1h | 0.09858 | −0.057% | $309K | $472K | 10x | as long as short |
| Injective DOGE/USDC PERP | +0.1013% | 1h | 0.09860 | −0.036% | $5K | $180K | 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-USDC
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
Paradex DOGE-USD-PERP
Extended DOGE-USD
Aevo DOGE-PERP
Reya DOGERUSDPERP
01 Exchange DOGEUSD
Backpack DOGE_USDC_PERP
BloFin DOGE-USDT
Coinbase International DOGE-PERP-INTX
GMX DOGE/USD [ETH-USDC]
Kraken Futures PF_DOGEUSD
Hyperliquid DOGE
RISEx DOGE/USDC
Injective DOGE/USDC PERP