Funding you earn now, next payment 01:00 UTC−0.0141%/8h= −15.5% APRpaid last 24h +0.012%
Price spread now: MEXC against Phoenix−0.271%7-day average −0.044% · you buy dearer than you sell
Net, funding: paid 7d − costs−$8as in the Funding arb table
Net, price: spread back to 7d avg − costs−$48as in the Price arb table
costs, in and out, $10k−$260.257% of the position
Funding, last 7 days+0.173%+$17 on $10k
+Price spread, last 4 days (all we have)−0.407%−$41 · spread now −0.271%, 7d avg −0.044%
=Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and MEXC is 0.227% cheaper against Phoenix than usual: you would sell low and buy high (−$23 if the spread goes back to its 7-day average of −0.044%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.173%, 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 | 0.09998 | 0.0241 | pay 0.0030% / 1h | 25m 11s | $65K | $284K | 10x |
| Short | MEXC DOGE_USDT | 0.09971 | 0.0100 | get 0.0100% / 8h | 6h 25m | $111.0M | $229.6M | 300x |
Phoenix DOGE
MEXC DOGE_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- −$29.65
- Price spread: −0.271% → −0.044%
- −$22.73
- Slippage, 4 orders
- −$18.66
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$78.04
- Costs to cover
- 0.257%
- Break-even
- never at this rate
Slippage from Phoenix: live order book, 38 min ago; MEXC: 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, 38 min ago | 1.00 bp | 12.3 bp −$12 | 50.8 bp −$508 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 4 min ago | 0.50 bp | 0.5 bp −$1 | 1.6 bp −$16 | 10.0 bp −$1,001 | 41.0 bp −$20.5K |
DOGE on 43 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 | −0.0113% | 8h | 0.09961 | −0.371% | $150.9M | $273.1M | 75x | as long as short |
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.09970 | −0.280% | $392K | $5.0M | 2.8x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S 0.0000% | 1h | 0.09978 | −0.201% | $23K | — | 150x | as long as short |
| dYdX DOGE-USD | +0.0016% | 1h | 0.09962 | −0.363% | $224K | $49K | 10x | as long as short |
| Deribit DOGE_USDC-PERPETUAL | +0.0041% | 1h | 0.09976 | −0.217% | $596K | $118K | 25x | as long as short |
| Kraken Futures PF_DOGEUSD | +0.0066% | 1h | 0.09974 | −0.242% | $5.8M | $34.1M | 50x | as long as short |
| Lighter DOGE | +0.0096% | 1h | 0.09982 | −0.166% | $795K | $6.0M | 15x | as long as short |
| Katana Perps DOGE-USD | +0.0099% | 8h | 0.09965 | −0.331% | $832 | $428K | 10x | as long as short |
| Nado DOGE-PERP | +0.0100% | 1h | 0.09968 | −0.296% | $530K | $990K | 10x | as long as short |
| Aster DOGEUSDT | +0.0100% | 8h | 0.09979 | −0.192% | $4.6M | $48.3M | 75x | as long as short |
Bitget DOGEUSDT
Kalshi KXDOGEPERP
gTrade (Gains Network) DOGE/USD
dYdX DOGE-USD
Deribit DOGE_USDC-PERPETUAL
Kraken Futures PF_DOGEUSD
Lighter DOGE
Katana Perps DOGE-USD
Nado DOGE-PERP
Aster DOGEUSDTShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica DOGE | +0.0100% | 1h | 0.09969 | −0.294% | $328K | $503K | 20x | as long as short |
| Binance DOGEUSDT | +0.0100% | 8h | 0.09969 | −0.287% | $315.7M | $1.43B | 75x | as long as short |
| Bybit DOGEUSDT | +0.0100% | 8h | 0.09968 | −0.301% | $157.8M | $442.1M | 75x | as long as short |
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.09972 | −0.261% | $110.1M | $980.7M | 50x | as long as short |
| Arcus DOGE-USD | +0.0100% | 1h | 0.09981 | −0.171% | $128K | $178K | 10x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.09984 | −0.143% | $383K | $5K | 10x | as long as short |
| Gate DOGE_USDT | +0.0100% | 8h | 0.09967 | −0.311% | $241.8M | $132.3M | 75x | as long as short |
| MEXC DOGE_USDTshort | +0.0100% | 8h | 0.09971 | −0.271% | $111.0M | $229.6M | 300x | |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.09977 | −0.211% | $66.0M | $43.0M | 75x | as long as short |
| BingX DOGE-USDC | +0.0100% | 8h | 0.09971 | −0.271% | — | $3.4M | — | as long as short |
| Backpack DOGE_USDC_PERP | +0.0100% | 1h | 0.09968 | −0.301% | $341K | $1.1M | 15x | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.09990 | −0.082% | $985K | $8.2M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.09982 | −0.157% | $282K | $128.4M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.09988 | −0.101% | $634K | $4.5M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.09950 | −0.481% | $145K | $270K | 25x | as long as short |
| Polymarket Perps DOGE-USD | +0.0100% | 1h | 0.09967 | −0.309% | $257K | $642K | 10x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.09977 | −0.211% | $70K | $440K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.09972 | −0.266% | $24K | $1K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.09971 | −0.272% | $35K | $2.2M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.09976 | −0.221% | $2K | $3.7M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.09977 | −0.210% | $5.9M | $54.8M | 75x | as long as short |
| Phemex DOGEUSDT | +0.0100% | 8h | 0.09973 | −0.251% | $91.9M | $17.1M | 50x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.09970 | −0.278% | $584K | $4.0M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.09976 | −0.224% | $19K | — | 3x | as long as short |
| Paradex DOGE-USD-PERP | +0.0111% | 8h | 0.09971 | −0.272% | $18K | $6K | 30x | as long as short |
| Reya DOGERUSDPERP | +0.0184% | 1h | 0.09973 | −0.253% | $2K | — | 20x | as long as short |
| 01 Exchange DOGEUSD | +0.0200% | 1h | 0.09967 | −0.309% | $531 | $4K | 10x | as long as short |
| Coinbase International DOGE-PERP-INTX | +0.0240% | 1h | 0.09986 | −0.121% | $2.0M | $25.1M | 50x | as long as short |
| Phoenix DOGElong | +0.0241% | 1h | 0.09998 | long leg | $65K | $284K | 10x | |
| GMX DOGE/USD [ETH-USDC] | L +0.0245% / S −0.0267% | 1h | 0.09977 | −0.211% | $311K | — | 200x | as long as short |
| RISEx DOGE/USDC | +0.0563% | 1h | 0.09971 | −0.266% | $401K | $367K | 10x | as long as short |
| Hyperliquid DOGE | +0.0713% | 1h | 0.09981 | −0.170% | $121.8M | $97.9M | 10x | as long as short |
| Injective DOGE/USDC PERP | +0.1004% | 1h | 0.09980 | −0.181% | $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
KuCoin DOGEUSDTM
BingX DOGE-USDC
Backpack DOGE_USDC_PERP
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
Extended DOGE-USD
Aevo DOGE-PERP
Paradex DOGE-USD-PERP
Reya DOGERUSDPERP
01 Exchange DOGEUSD
Coinbase International DOGE-PERP-INTX
GMX DOGE/USD [ETH-USDC]
RISEx DOGE/USDC
Hyperliquid DOGE
Injective DOGE/USDC PERP