Funding you earn now, next payment 22:00 UTC+0.0019%/8h= +2.1% APRpaid last 24h +0.021%
Price spread now: KuCoin against Phoenix−0.425%93s7-day average −0.042% · you buy dearer than you sell
Net, funding: paid 7d − costs−$24as 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−$410.412% of the position
Funding, last 7 days+0.173%+$17 on $10k
+Price spread, last 3 days (all we have)+0.232%+$23 · spread now −0.425%, 7d avg −0.042%
=Funding pays, the price is against you. KuCoin is 0.383% cheaper against Phoenix than usual: you would sell low and buy high (spread −0.425% now, against its 7-day average of −0.042%). If the spread goes back, that is −$38 on $10k: about 2 months of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.173% in total) that is about 15 days. The two prices were read 93 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 | 0.1003 | 0.0081 | pay 0.0010% / 1h | 29m 53s | $19K | $222K | 10x |
| Short | KuCoin DOGEUSDTM | 0.09992 | 0.0100 | get 0.0100% / 8h | 1h 29m | $65.1M | $40.2M | 75x |
Phoenix DOGE
KuCoin DOGEUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- $4.09
- Price spread: −0.425% → −0.042%
- −$38.3
- Slippage, 4 orders
- −$22.21
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$75.42
- Costs to cover
- 0.412%
- Break-even
- 136.1 days
Slippage from Phoenix: live order book, 48 min ago; KuCoin: live order book, 4 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, 48 min ago | 1.00 bp | 12.3 bp −$12 | 50.7 bp −$507 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 4 min ago | 1.49 bp | 8.5 bp −$8 | 13.5 bp −$135 | 39.3 bp −$3,933 | 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 | −0.0268% | 8h | 0.09984 | −0.504% | $152.5M | $265.8M | 75x | as long as short |
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.09982 | −0.526% | $415K | $4.7M | 2.8x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S −0.0001% | 1h | 0.09977 | −0.572% | $32K | — | 150x | as long as short |
| dYdX DOGE-USD | +0.0008% | 1h | 0.09973 | −0.612% | $224K | $44K | 10x | as long as short |
| Phoenix DOGElong | +0.0081% | 1h | 0.1003 | long leg | $19K | $222K | 10x | |
| Gate DOGE_USDT | +0.0089% | 8h | 0.09985 | −0.494% | $239.9M | $123.5M | 75x | as long as short |
| Lighter DOGE | +0.0096% | 1h | 0.09986 | −0.487% | $781K | $5.4M | 15x | as long as short |
| Katana Perps DOGE-USD | +0.0096% | 8h | 0.09971 | −0.634% | $2K | $366K | 10x | as long as short |
| Nado DOGE-PERP | +0.0100% | 1h | 0.09970 | −0.644% | $567K | $851K | 10x | as long as short |
| Aster DOGEUSDT | +0.0100% | 8h | 0.09983 | −0.516% | $5.1M | $43.2M | 75x | as long as short |
Bitget DOGEUSDT
Kalshi KXDOGEPERP
gTrade (Gains Network) DOGE/USD
dYdX DOGE-USD
Gate DOGE_USDT
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 | 0.09975 | −0.599% | $334K | $503K | 20x | as long as short |
| Binance DOGEUSDT | +0.0100% | 8h | 0.09991 | −0.434% | $318.7M | $1.32B | 75x | as long as short |
| Bybit DOGEUSDT | +0.0100% | 8h | 0.09990 | −0.444% | $159.8M | $417.3M | 75x | as long as short |
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.09994 | −0.405% | $108.8M | $923.6M | 50x | as long as short |
| Arcus DOGE-USD | +0.0100% | 1h | 0.09976 | −0.584% | $28K | $76K | 10x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.09966 | −0.687% | $382K | $14K | 10x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.09989 | −0.454% | $109.4M | $216.6M | 300x | as long as short |
| KuCoin DOGEUSDTMshort | +0.0100% | 8h | 0.09992 | −0.425% | $65.1M | $40.2M | 75x | |
| BingX DOGE-USDT | +0.0100% | 8h | 0.09987 | −0.474% | — | $74.5M | — | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.09974 | −0.601% | $947K | $8.0M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.1002 | −0.096% | $279K | $115.4M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.1006 | +0.303% | $634K | $4.5M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.1002 | −0.145% | $147K | $244K | 25x | as long as short |
| Polymarket Perps DOGE-USD | +0.0100% | 1h | 0.09970 | −0.645% | $266K | $540K | 10x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.09979 | −0.554% | $73K | $432K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.09979 | −0.556% | $24K | $1K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.09985 | −0.496% | $35K | $2.2M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.09982 | −0.524% | $2K | $3.6M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.09980 | −0.542% | $6.0M | $50.0M | 75x | as long as short |
| Phemex DOGEUSDT | +0.0100% | 8h | 0.09979 | −0.554% | $92.4M | $19.1M | 50x | as long as short |
| Paradex DOGE-USD-PERP | +0.0101% | 8h | 0.09975 | −0.594% | $18K | $5K | 30x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.09992 | −0.429% | $551K | $3.6M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.09982 | −0.524% | $19K | — | 3x | as long as short |
| Deribit DOGE_USDC-PERPETUAL | +0.0161% | 1h | 0.09984 | −0.506% | $604K | $109K | 25x | as long as short |
| Reya DOGERUSDPERP | +0.0176% | 1h | 0.09973 | −0.613% | $2K | — | 20x | as long as short |
| 01 Exchange DOGEUSD | +0.0184% | 1h | 0.09977 | −0.575% | $527 | $4K | 10x | as long as short |
| Coinbase International DOGE-PERP-INTX | +0.0216% | 1h | 0.09984 | −0.504% | $2.0M | $23.4M | 50x | as long as short |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.09973 | −0.614% | $15.4M | $24.8M | 75x | as long as short |
| GMX DOGE/USD [ETH-USDC] | L +0.0246% / S −0.0270% | 1h | 0.09978 | −0.567% | $312K | — | 200x | as long as short |
| Kraken Futures PF_DOGEUSD | +0.0365% | 1h | 0.09982 | −0.523% | $5.9M | $32.7M | 50x | as long as short |
| Backpack DOGE_USDC_PERP | +0.0382% | 1h | 0.09985 | −0.494% | $533K | $953K | 15x | as long as short |
| Hyperliquid DOGE | +0.0410% | 1h | 0.1000 | −0.315% | $110.3M | $82.5M | 10x | as long as short |
| RISEx DOGE/USDC | +0.0702% | 1h | 0.09979 | −0.553% | $313K | $477K | 10x | as long as short |
| Injective DOGE/USDC PERP | +0.0966% | 1h | 0.1002 | −0.145% | $5K | $207K | 12x | as long as short |
Pacifica DOGE
Binance DOGEUSDT
Bybit DOGEUSDT
OKX DOGE-USDT-SWAP
Arcus DOGE-USD
Bulk DOGE-USD
MEXC DOGE_USDT
BingX DOGE-USDT
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
Deribit DOGE_USDC-PERPETUAL
Reya DOGERUSDPERP
01 Exchange DOGEUSD
Coinbase International DOGE-PERP-INTX
BloFin DOGE-USDT
GMX DOGE/USD [ETH-USDC]
Kraken Futures PF_DOGEUSD
Backpack DOGE_USDC_PERP
Hyperliquid DOGE
RISEx DOGE/USDC
Injective DOGE/USDC PERP