Funding you earn now, next payment 03:00 UTC−0.0142%/8h= −15.6% APRnext payment −$0.18 per $10,000 · paid last 24h +0.006%
Price spread now: Pacifica against Phoenix−0.085%7-day average −0.031% · you buy dearer than you sell
Net, funding: paid 7d − costs−$22as in the Funding arb table
Net, price: spread back to 7d avg − costs−$50as in the Price arb table
costs, in and out, $10k−$440.445% of the position
Funding, last 7 days+0.222%+$22 on $10k
+Price spread, last 4 days (all we have)−0.236%−$24 · spread now −0.085%, 7d avg −0.031%
=Together, before fees−0.015%+ Points / potential airdropPacifica: Active · farm board−$1 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Pacifica is 0.054% cheaper against Phoenix than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.031%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.222%, 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 | 0.09913 | 0.0242 | pay 0.0030% / 1h | 53m 27s | $64K | $288K | 10x |
| Short | Pacifica DOGE | 0.09904 | 0.0100 | get 0.0013% / 1h | 53m 27s | $322K | $482K | 20x |
Phoenix DOGE
Pacifica DOGEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Pacifica 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
- −$29.91
- Price spread: −0.085% → −0.031%
- −$5.39
- Slippage, 4 orders
- −$29.48
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Net
- −$79.78
- Costs to cover
- 0.445%
- Break-even
- never at this rate
Slippage from Phoenix: live order book, 64 min ago; Pacifica: live order book, 5 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, 64 min ago | 1.00 bp | 12.4 bp −$12 | 50.7 bp −$507 | doesn't fit | doesn't fit |
| Sell Pacifica live order book, 5 min ago | 4.55 bp | 9.7 bp −$10 | 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 | −0.0063% | 8h | 0.09903 | −0.100% | $149.6M | $274.4M | 75x | as long as short |
| Kraken Futures PF_DOGEUSD | −0.0032% | 1h | 0.09905 | −0.080% | $5.7M | $35.4M | 50x | as long as short |
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.09934 | +0.216% | $429K | $5.2M | 2.8x | as long as short |
| Deribit DOGE_USDC-PERPETUAL | 0.0000% | 1h | 0.09904 | −0.085% | $592K | $118K | 25x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S 0.0000% | 1h | 0.09918 | +0.051% | $23K | — | 150x | as long as short |
| dYdX DOGE-USD | +0.0001% | 1h | 0.09900 | −0.130% | $222K | $49K | 10x | as long as short |
| Polymarket Perps DOGE-USD | +0.0095% | 1h | 0.09904 | −0.090% | $259K | $793K | 10x | as long as short |
| Lighter DOGE | +0.0096% | 1h | 0.09909 | −0.044% | $747K | $6.2M | 15x | as long as short |
| Katana Perps DOGE-USD | +0.0099% | 8h | 0.09902 | −0.110% | $895 | $446K | 10x | as long as short |
| Nado DOGE-PERP | +0.0100% | 1h | 0.09913 | +0.001% | $528K | $1.0M | 10x | as long as short |
Bitget DOGEUSDT
Kraken Futures PF_DOGEUSD
Kalshi KXDOGEPERP
Deribit DOGE_USDC-PERPETUAL
gTrade (Gains Network) DOGE/USD
dYdX DOGE-USD
Polymarket Perps DOGE-USD
Lighter DOGE
Katana Perps DOGE-USD
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 | 0.09907 | −0.057% | $4.7M | $48.9M | 75x | as long as short |
| Pacifica DOGEshort | +0.0100% | 1h | 0.09904 | −0.085% | $322K | $482K | 20x | |
| Binance DOGEUSDT | +0.0100% | 8h | 0.09908 | −0.053% | $316.5M | $1.45B | 75x | as long as short |
| Bybit DOGEUSDT | +0.0100% | 8h | 0.09908 | −0.049% | $160.2M | $441.4M | 75x | as long as short |
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.09911 | −0.019% | $110.6M | $987.4M | 50x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.09930 | +0.172% | $381K | $0 | 10x | as long as short |
| Gate DOGE_USDT | +0.0100% | 8h | 0.09899 | −0.140% | $242.1M | $132.6M | 75x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.09916 | +0.031% | $112.0M | $232.9M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.09912 | −0.009% | $65.5M | $43.4M | 75x | as long as short |
| BingX DOGE-USDC | +0.0100% | 8h | 0.09906 | −0.070% | — | $3.5M | — | as long as short |
| Backpack DOGE_USDC_PERP | +0.0100% | 1h | 0.09901 | −0.120% | $311K | $1.1M | 15x | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.09912 | −0.010% | $973K | $8.2M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.09913 | +0.005% | $294K | $129.0M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.09883 | −0.298% | $622K | $4.4M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.09870 | −0.433% | $143K | $282K | 25x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.09901 | −0.120% | $69K | $437K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.09900 | −0.128% | $24K | $1K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.09911 | −0.017% | $35K | $2.2M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.09905 | −0.080% | $2K | $3.9M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.09904 | −0.094% | $5.9M | $56.9M | 75x | as long as short |
| Phemex DOGEUSDT | +0.0100% | 8h | 0.09906 | −0.070% | $91.1M | $16.6M | 50x | as long as short |
| Paradex DOGE-USD-PERP | +0.0101% | 8h | 0.09900 | −0.128% | $18K | $7K | 30x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.09898 | −0.146% | $495K | $4.0M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.09903 | −0.095% | $19K | — | 3x | as long as short |
| Reya DOGERUSDPERP | +0.0188% | 1h | 0.09913 | +0.003% | $2K | — | 20x | as long as short |
| 01 Exchange DOGEUSD | +0.0192% | 1h | 0.09911 | −0.023% | $528 | $4K | 10x | as long as short |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.09933 | +0.203% | $15.6M | $25.1M | 75x | as long as short |
| Phoenix DOGElong | +0.0242% | 1h | 0.09913 | long leg | $64K | $288K | 10x | |
| GMX DOGE/USD [ETH-USDC] | L +0.0246% / S −0.0269% | 1h | 0.09901 | −0.119% | $310K | — | 200x | as long as short |
| Coinbase International DOGE-PERP-INTX | +0.0296% | 1h | 0.09909 | −0.039% | $2.3M | $26.6M | 50x | as long as short |
| Hyperliquid DOGE | +0.0345% | 1h | 0.09921 | +0.086% | $120.8M | $99.8M | 10x | as long as short |
| Arcus DOGE-USD | +0.0690% | 1h | 0.09916 | +0.031% | $117K | $189K | 10x | as long as short |
| RISEx DOGE/USDC | +0.0695% | 1h | 0.09910 | −0.025% | $400K | $411K | 10x | as long as short |
| Injective DOGE/USDC PERP | +0.1004% | 1h | 0.09950 | +0.374% | $5K | $239K | 12x | as long as short |
Aster DOGEUSDT
Binance DOGEUSDT
Bybit DOGEUSDT
OKX DOGE-USDT-SWAP
Bulk DOGE-USD
Gate DOGE_USDT
MEXC DOGE_USDT
KuCoin DOGEUSDTM
BingX DOGE-USDC
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
Reya DOGERUSDPERP
01 Exchange DOGEUSD
BloFin DOGE-USDT
GMX DOGE/USD [ETH-USDC]
Coinbase International DOGE-PERP-INTX
Hyperliquid DOGE
Arcus DOGE-USD
RISEx DOGE/USDC
Injective DOGE/USDC PERP