Funding you earn now, next payment 06:00 UTC+0.0020%/8h= +2.2% APRnext payment +$0.03 per $10,000 · paid last 24h −0.003%
Price spread now: Nado against Phoenix+0.304%7-day average −0.058% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$5as in the Price arb table
costs, in and out, $10k−$410.407% of the position
Funding, last 3 days (all we have)+0.056%+$6 on $10k
+Price spread, last 4 days (all we have)−0.352%−$35 · spread now +0.304%, 7d avg −0.058%
=Together, before fees−0.297%+ Points / potential airdropNado: Active · farm board−$30 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Nado is 0.362% dearer against Phoenix than usual: you sell high and buy low: +$36 more if the spread goes back to its 7-day average of −0.058%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix DOGE | 0.09964 | 0.0080 | pay 0.0010% / 1h | 36m 41s | $18K | $382K | 10x |
| Short | Nado DOGE-PERP | 0.09994 | 0.0100 | get 0.0012% / 1h | 36m 41s | $540K | $1.1M | 10x |
Phoenix DOGE
Nado DOGE-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Nado 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
- $4.22
- Price spread: +0.304% → −0.058%
- $36.16
- Slippage, 4 orders
- −$26.73
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- −$0.34
- Costs to cover
- 0.407%
- Break-even
- 7.6 days
Slippage from Phoenix: live order book, 66 min ago; Nado: live order book, 2 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, 66 min ago | 1.00 bp | 12.4 bp −$12 | 50.8 bp −$508 | doesn't fit | doesn't fit |
| Sell Nado live order book, 2 min ago | 1.00 bp | 8.6 bp −$9 | 19.9 bp −$199 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_DOGEUSD | −0.0082% | 1h | 0.09997 | +0.335% | $5.6M | $40.5M | 50x | as long as short |
| dYdX DOGE-USD | 0.0000% | 1h | 0.09962 | −0.014% | $224K | $69K | 10x | as long as short |
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.09989 | +0.249% | $611K | $6.6M | 2.8x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S 0.0000% | 1h | 0.09994 | +0.300% | $34K | — | 150x | as long as short |
| Polymarket Perps DOGE-USD | +0.0019% | 1h | 0.09990 | +0.266% | $266K | $1.2M | 10x | as long as short |
| Injective DOGE/USDC PERP | +0.0033% | 1h | 0.1053 | +5.684% | $6K | $242K | 12x | as long as short |
| Bitget DOGEUSDT | +0.0069% | 8h | 0.09964 | +0.003% | $142.0M | $344.0M | 75x | as long as short |
| Phoenix DOGElong | +0.0080% | 1h | 0.09964 | long leg | $18K | $382K | 10x | |
| Lighter DOGE | +0.0096% | 1h | 0.09983 | +0.197% | $850K | $6.8M | 15x | as long as short |
| Nado DOGE-PERPshort | +0.0100% | 1h | 0.09994 | +0.304% | $540K | $1.1M | 10x |
Kraken Futures PF_DOGEUSD
dYdX DOGE-USD
Kalshi KXDOGEPERP
gTrade (Gains Network) DOGE/USD
Polymarket Perps DOGE-USD
Injective DOGE/USDC PERP
Bitget DOGEUSDT
Lighter DOGEShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster DOGEUSDT | +0.0100% | 8h | 0.09974 | +0.105% | $4.6M | $58.5M | 75x | as long as short |
| Pacifica DOGE | +0.0100% | 1h | 0.09977 | +0.128% | $319K | $501K | 20x | as long as short |
| Binance DOGEUSDT | +0.0100% | 8h | 0.09973 | +0.093% | $327.5M | $1.71B | 75x | as long as short |
| Bybit DOGEUSDT | +0.0100% | 8h | 0.09959 | −0.047% | $165.1M | $520.6M | 75x | as long as short |
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.09961 | −0.027% | $117.7M | $1.20B | 50x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.09965 | +0.015% | $383K | $16K | 10x | as long as short |
| Gate DOGE_USDT | +0.0100% | 8h | 0.09969 | +0.053% | $249.3M | $155.7M | 75x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.09973 | +0.093% | $110.4M | $257.8M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.09976 | +0.123% | $66.4M | $50.1M | 75x | as long as short |
| BingX DOGE-USDT | +0.0100% | 8h | 0.09970 | +0.063% | — | $80.9M | — | as long as short |
| Backpack DOGE_USDC_PERP | +0.0100% | 1h | 0.09982 | +0.184% | $304K | $1.3M | 15x | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.09969 | +0.051% | $1.1M | $8.7M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.09975 | +0.109% | $304K | $140.2M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.09977 | +0.132% | $630K | $4.7M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.09980 | +0.164% | $149K | $337K | 25x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.09995 | +0.314% | $66K | $467K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.09978 | +0.144% | $19K | $7K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.09999 | +0.349% | $35K | $2.3M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.09996 | +0.324% | $2K | $5.4M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.09996 | +0.328% | $5.9M | $69.1M | 75x | as long as short |
| Phemex DOGEUSDT | +0.0100% | 8h | 0.09987 | +0.234% | $91.7M | $17.0M | 50x | as long as short |
| Paradex DOGE-USD-PERP | +0.0100% | 8h | 0.09974 | +0.108% | $18K | $5K | 30x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.09968 | +0.039% | $486K | $4.1M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.09996 | +0.324% | $19K | — | 3x | as long as short |
| Katana Perps DOGE-USD | +0.0109% | 8h | 0.09971 | +0.073% | $2K | $533K | 10x | as long as short |
| Hyperliquid DOGE | +0.0120% | 1h | 0.09984 | +0.208% | $123.9M | $116.3M | 10x | as long as short |
| Reya DOGERUSDPERP | +0.0197% | 1h | 0.09994 | +0.307% | $2K | — | 20x | as long as short |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.09994 | +0.304% | $16.3M | $27.1M | 75x | as long as short |
| Deribit DOGE_USDC-PERPETUAL | +0.0240% | 1h | 0.09999 | +0.352% | $574K | $252K | 25x | as long as short |
| Coinbase International DOGE-PERP-INTX | +0.0240% | 1h | 0.09999 | +0.354% | $1.9M | $34.8M | 50x | as long as short |
| GMX DOGE/USD [ETH-USDC] | L +0.0251% / S −0.0297% | 1h | 0.09995 | +0.315% | $314K | — | 200x | as long as short |
| 01 Exchange DOGEUSD | +0.0256% | 1h | 0.09982 | +0.180% | $444 | $4K | 10x | as long as short |
| Arcus DOGE-USD | +0.0387% | 1h | 0.09973 | +0.093% | $24K | $304K | 10x | as long as short |
| RISEx DOGE/USDC | +0.0626% | 1h | 0.1001 | +0.416% | $403K | $452K | 10x | as long as short |
Aster DOGEUSDT
Pacifica DOGE
Binance DOGEUSDT
Bybit DOGEUSDT
OKX DOGE-USDT-SWAP
Bulk DOGE-USD
Gate DOGE_USDT
MEXC DOGE_USDT
KuCoin DOGEUSDTM
BingX DOGE-USDT
Backpack DOGE_USDC_PERP
Variational Omni DOGE
edgeX DOGEUSDC
GRVT DOGE_USDT_Perp
ApeX Omni DOGEUSDT
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
Katana Perps DOGE-USD
Hyperliquid DOGE
Reya DOGERUSDPERP
BloFin DOGE-USDT
Deribit DOGE_USDC-PERPETUAL
Coinbase International DOGE-PERP-INTX
GMX DOGE/USD [ETH-USDC]
01 Exchange DOGEUSD
Arcus DOGE-USD
RISEx DOGE/USDC