Funding you earn now, next payment 23:00 UTC−0.0139%/8h= −15.2% APRnext payment −$0.17 per $10,000 · paid last 24h +0.018%
Price spread now: SoDEX against Phoenix−0.145%7-day average −0.027% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$46as in the Price arb table
costs, in and out, $10k−$340.337% of the position
Funding, last 3 days (all we have)+0.062%+$6 on $10k
+Price spread, last 3 days (all we have)+0.132%+$13 · spread now −0.145%, 7d avg −0.027%
=Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and SoDEX is 0.119% cheaper against Phoenix than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of −0.027%). Swap the legs. Mind the row above: over the last 3 days funding on this pair paid +0.062%, 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 | 0.1013 | 0.0239 | pay 0.0030% / 1h | 48m 37s | $67K | $281K | 10x |
| Short | SoDEX DOGE-USD | 0.1012 | 0.0100 | get 0.0013% / 1h | 48m 37s | $2K | $3.6M | 10x |
Phoenix DOGE
SoDEX DOGE-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
SoDEX 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
- −$29.19
- Price spread: −0.145% → −0.027%
- −$11.86
- Slippage, 4 orders
- −$18.72
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Net
- −$74.77
- Costs to cover
- 0.337%
- Break-even
- never at this rate
Slippage from Phoenix: live order book, 24 min ago; SoDEX: live order book, just now.
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, 24 min ago | 1.00 bp | 12.3 bp −$12 | 50.7 bp −$507 | doesn't fit | doesn't fit |
| Sell SoDEX live order book, just now | 0.49 bp | 4.5 bp −$4 | 8.3 bp −$83 | 146.2 bp −$14.6K | 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 | −0.0246% | 8h | 0.1010 | −0.254% | $154.2M | $267.8M | 75x | as long as short |
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.1012 | −0.063% | $421K | $4.7M | 2.8x | as long as short |
| Deribit DOGE_USDC-PERPETUAL | 0.0000% | 1h | 0.1011 | −0.175% | $608K | $109K | 25x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S −0.0001% | 1h | 0.1012 | −0.089% | $33K | — | 150x | as long as short |
| Gate DOGE_USDT | +0.0083% | 8h | 0.1011 | −0.165% | $244.1M | $125.5M | 75x | as long as short |
| Lighter DOGE | +0.0096% | 1h | 0.1012 | −0.051% | $804K | $5.4M | 15x | as long as short |
| Katana Perps DOGE-USD | +0.0097% | 8h | 0.1011 | −0.165% | $845 | $382K | 10x | as long as short |
| Nado DOGE-PERP | +0.0100% | 1h | 0.1012 | −0.120% | $603K | $894K | 10x | as long as short |
| Aster DOGEUSDT | +0.0100% | 8h | 0.1012 | −0.103% | $5.1M | $44.7M | 75x | as long as short |
| Pacifica DOGE | +0.0100% | 1h | 0.1012 | −0.076% | $337K | $506K | 20x | as long as short |
Bitget DOGEUSDT
Kalshi KXDOGEPERP
Deribit DOGE_USDC-PERPETUAL
gTrade (Gains Network) DOGE/USD
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 | 0.1012 | −0.116% | $323.0M | $1.34B | 75x | as long as short |
| Bybit DOGEUSDT | +0.0100% | 8h | 0.1011 | −0.175% | $159.8M | $427.5M | 75x | as long as short |
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.1012 | −0.145% | $110.8M | $947.2M | 50x | as long as short |
| Arcus DOGE-USD | +0.0100% | 1h | 0.1012 | −0.086% | $31K | $80K | 10x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.1015 | +0.151% | $389K | $12K | 10x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.1012 | −0.116% | $114.7M | $218.8M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.1013 | +0.013% | $66.7M | $41.5M | 75x | as long as short |
| BingX DOGE-USDC | +0.0100% | 8h | 0.1012 | −0.076% | — | $3.4M | — | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.1014 | +0.064% | $1.0M | $8.1M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.1013 | −0.007% | $279K | $117.6M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.1013 | −0.027% | $638K | $4.6M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.1014 | +0.102% | $149K | $248K | 25x | as long as short |
| Polymarket Perps DOGE-USD | +0.0100% | 1h | 0.1011 | −0.175% | $262K | $554K | 10x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.1011 | −0.165% | $74K | $433K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.1011 | −0.185% | $25K | $1K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.1013 | −0.015% | $36K | $2.2M | 30x | as long as short |
| SoDEX DOGE-USDshort | +0.0100% | 1h | 0.1012 | −0.145% | $2K | $3.6M | 10x | |
| HTX DOGE-USDT | +0.0100% | 8h | 0.1011 | −0.179% | $6.0M | $51.0M | 75x | as long as short |
| Phemex DOGEUSDT | +0.0100% | 8h | 0.1012 | −0.145% | $93.6M | $19.2M | 50x | as long as short |
| Paradex DOGE-USD-PERP | +0.0100% | 8h | 0.1011 | −0.153% | $18K | $5K | 30x | as long as short |
| Kraken Futures PF_DOGEUSD | +0.0104% | 1h | 0.1011 | −0.154% | $6.0M | $33.0M | 50x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.1011 | −0.183% | $562K | $3.7M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.1012 | −0.138% | $19K | — | 3x | as long as short |
| dYdX DOGE-USD | +0.0124% | 1h | 0.1012 | −0.139% | $227K | $44K | 10x | as long as short |
| Reya DOGERUSDPERP | +0.0178% | 1h | 0.1011 | −0.150% | $2K | — | 20x | as long as short |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.1012 | −0.076% | $15.3M | $25.4M | 75x | as long as short |
| 01 Exchange DOGEUSD | +0.0232% | 1h | 0.1012 | −0.068% | $534 | $4K | 10x | as long as short |
| Phoenix DOGElong | +0.0239% | 1h | 0.1013 | long leg | $67K | $281K | 10x | |
| Coinbase International DOGE-PERP-INTX | +0.0240% | 1h | 0.1012 | −0.096% | $2.0M | $24.1M | 50x | as long as short |
| GMX DOGE/USD [ETH-USDC] | L +0.0245% / S −0.0267% | 1h | 0.1012 | −0.059% | $315K | — | 200x | as long as short |
| Backpack DOGE_USDC_PERP | +0.0442% | 1h | 0.1012 | −0.056% | $541K | $961K | 15x | as long as short |
| RISEx DOGE/USDC | +0.0708% | 1h | 0.1012 | −0.077% | $317K | $475K | 10x | as long as short |
| Hyperliquid DOGE | +0.0911% | 1h | 0.1015 | +0.161% | $117.1M | $86.7M | 10x | as long as short |
| Injective DOGE/USDC PERP | +0.1039% | 1h | 0.1015 | +0.200% | $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
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
RISEx DOGE/USDC
Hyperliquid DOGE
Injective DOGE/USDC PERP