Funding you earn now, next payment 23:00 UTC+0.0469%/8h= +51.3% APRnext payment +$0.59 per $10,000 · paid last 24h +0.168%
Price spread now: RISEx against Phoenix+0.074%7-day average +0.009% · 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−$28as in the Price arb table
costs, in and out, $10k−$350.347% of the position
Funding, last 3 days (all we have)+0.392%+$39 on $10k
+Price spread, last 3 days (all we have)−0.174%−$17 · spread now +0.074%, 7d avg +0.009%
=Both sides work for this trade now. Funding pays +$14 a day on $10k at the current rate, and RISEx is 0.064% dearer against Phoenix than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.009%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix DOGE | 0.1012 | 0.0239 | pay 0.0030% / 1h | 47m 03s | $67K | $281K | 10x |
| Short | RISEx DOGE/USDC | 0.1013 | 0.0708 | get 0.0088% / 1h | 47m 03s | $317K | $475K | 10x |
Phoenix DOGE
RISEx DOGE/USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
RISEx 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
- $98.46
- Price spread: +0.074% → +0.009%
- $6.45
- Slippage, 4 orders
- −$21.67
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee RISEx: 3 bp × 2 orders
- −$6
- Net
- $70.24
- Costs to cover
- 0.347%
- Break-even
- 2.0 days
Slippage from Phoenix: live order book, 26 min ago; RISEx: live order book, 31 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, 26 min ago | 1.00 bp | 12.3 bp −$12 | 50.7 bp −$507 | doesn't fit | doesn't fit |
| Sell RISEx live order book, 31 min ago | 1.99 bp | 5.0 bp −$5 | 10.3 bp −$103 | 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 | −0.0245% | 8h | 0.1014 | +0.212% | $154.7M | $267.9M | 75x | as long as short |
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.1012 | +0.018% | $421K | $4.7M | 2.8x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S −0.0001% | 1h | 0.1012 | −0.019% | $33K | — | 150x | as long as short |
| Deribit DOGE_USDC-PERPETUAL | +0.0056% | 1h | 0.1013 | +0.069% | $609K | $109K | 25x | as long as short |
| Gate DOGE_USDT | +0.0083% | 8h | 0.1014 | +0.203% | $245.0M | $125.6M | 75x | as long as short |
| Lighter DOGE | +0.0096% | 1h | 0.1014 | +0.213% | $805K | $5.4M | 15x | as long as short |
| Katana Perps DOGE-USD | +0.0097% | 8h | 0.1012 | −0.015% | $845 | $382K | 10x | as long as short |
| Nado DOGE-PERP | +0.0100% | 1h | 0.1012 | +0.005% | $604K | $894K | 10x | as long as short |
| Aster DOGEUSDT | +0.0100% | 8h | 0.1015 | +0.249% | $5.1M | $44.7M | 75x | as long as short |
| Pacifica DOGE | +0.0100% | 1h | 0.1012 | +0.037% | $338K | $506K | 20x | as long as short |
Bitget DOGEUSDT
Kalshi KXDOGEPERP
gTrade (Gains Network) DOGE/USD
Deribit DOGE_USDC-PERPETUAL
Gate DOGE_USDT
Lighter DOGE
Katana Perps DOGE-USD
Nado DOGE-PERP
Aster DOGEUSDT
Pacifica DOGEShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance DOGEUSDT | +0.0100% | 8h | 0.1014 | +0.151% | $323.6M | $1.34B | 75x | as long as short |
| Bybit DOGEUSDT | +0.0100% | 8h | 0.1015 | +0.272% | $160.3M | $427.6M | 75x | as long as short |
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.1015 | +0.301% | $110.9M | $951.2M | 50x | as long as short |
| Arcus DOGE-USD | +0.0100% | 1h | 0.1013 | +0.054% | $31K | $80K | 10x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.1015 | +0.242% | $389K | $12K | 10x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.1015 | +0.272% | $115.0M | $218.9M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.1013 | +0.044% | $66.6M | $41.6M | 75x | as long as short |
| BingX DOGE-USDC | +0.0100% | 8h | 0.1014 | +0.173% | — | $3.4M | — | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.1014 | +0.155% | $1.0M | $8.1M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.1013 | +0.064% | $278K | $117.8M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.1012 | +0.043% | $641K | $4.6M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.1014 | +0.193% | $149K | $248K | 25x | as long as short |
| Polymarket Perps DOGE-USD | +0.0100% | 1h | 0.1012 | −0.025% | $262K | $554K | 10x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.1013 | +0.044% | $74K | $433K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.1012 | +0.034% | $25K | $1K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.1013 | +0.106% | $36K | $2.2M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.1013 | +0.143% | $2K | $3.6M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.1014 | +0.151% | $6.1M | $51.1M | 75x | as long as short |
| Phemex DOGEUSDT | +0.0100% | 8h | 0.1014 | +0.173% | $93.8M | $19.2M | 50x | as long as short |
| Paradex DOGE-USD-PERP | +0.0100% | 8h | 0.1012 | −0.004% | $18K | $5K | 30x | as long as short |
| Kraken Futures PF_DOGEUSD | +0.0103% | 1h | 0.1014 | +0.156% | $6.0M | $33.1M | 50x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.1012 | +0.021% | $558K | $3.7M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.1012 | +0.010% | $19K | — | 3x | as long as short |
| dYdX DOGE-USD | +0.0117% | 1h | 0.1012 | −0.016% | $227K | $44K | 10x | as long as short |
| Reya DOGERUSDPERP | +0.0178% | 1h | 0.1012 | −0.009% | $2K | — | 20x | as long as short |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.1014 | +0.193% | $15.4M | $25.5M | 75x | as long as short |
| Phoenix DOGElong | +0.0239% | 1h | 0.1012 | long leg | $67K | $281K | 10x | |
| 01 Exchange DOGEUSD | +0.0240% | 1h | 0.1013 | +0.107% | $535 | $4K | 10x | as long as short |
| Coinbase International DOGE-PERP-INTX | +0.0240% | 1h | 0.1014 | +0.203% | $2.0M | $24.2M | 50x | as long as short |
| GMX DOGE/USD [ETH-USDC] | L +0.0252% / S −0.0287% | 1h | 0.1012 | −0.024% | $329K | — | 200x | as long as short |
| Backpack DOGE_USDC_PERP | +0.0431% | 1h | 0.1016 | +0.351% | $543K | $961K | 15x | as long as short |
| RISEx DOGE/USDCshort | +0.0708% | 1h | 0.1013 | +0.074% | $317K | $475K | 10x | |
| Hyperliquid DOGE | +0.0920% | 1h | 0.1017 | +0.479% | $118.0M | $87.3M | 10x | as long as short |
| Injective DOGE/USDC PERP | +0.1039% | 1h | 0.1014 | +0.193% | $5K | $239K | 12x | as long as short |
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
Kraken Futures PF_DOGEUSD
Extended DOGE-USD
Aevo DOGE-PERP
dYdX DOGE-USD
Reya DOGERUSDPERP
BloFin DOGE-USDT
01 Exchange DOGEUSD
Coinbase International DOGE-PERP-INTX
GMX DOGE/USD [ETH-USDC]
Backpack DOGE_USDC_PERP
Hyperliquid DOGE
Injective DOGE/USDC PERP