Funding you earn now, next payment 04:00 UTC−0.0089%/8h= −9.7% APRpaid last 24h −0.017%
Price spread now: Phemex against Reya−0.007%46s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$3 a day on $10k at the current rate. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Reya DOGERUSDPERP | 0.09929 | 0.0189 | pay 0.0024% / 1h | 40m 32s | $2K | — | 20x |
| Short | Phemex DOGEUSDT | 0.09928 | 0.0100 | get 0.0100% / 8h | 4h 40m | $91.3M | $16.6M | 50x |
Reya DOGERUSDPERP
Phemex DOGEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against Reya. 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
- −$18.64
- Price spread: −0.007% → 0.000%
- −$0.67
- Slippage, 4 orders
- no order book: not counted
- Fee Reya: 3 bp × 2 orders
- −$6
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$37.31
- Costs to cover
- 0.180%
- Break-even
- never at this rate
Slippage unknown: Reya: no order-book sample; Phemex: live order book, 4 min ago. Net counts fees only.
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 Reya no order-book sample | — | — | — | — | — |
| Sell Phemex live order book, 4 min ago | 2.02 bp | 15.6 bp −$16 | 31.2 bp −$312 | doesn't fit | doesn't fit |
Reya: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.0055% | 8h | 0.09922 | −0.067% | $150.0M | $275.2M | 75x | as long as short |
| Kraken Futures PF_DOGEUSD | −0.0032% | 1h | 0.09927 | −0.012% | $5.7M | $35.5M | 50x | as long as short |
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.09922 | −0.065% | $394K | $5.2M | 2.8x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S 0.0000% | 1h | 0.09929 | +0.007% | $23K | — | 150x | as long as short |
| dYdX DOGE-USD | +0.0032% | 1h | 0.09943 | +0.140% | $223K | $49K | 10x | as long as short |
| Polymarket Perps DOGE-USD | +0.0076% | 1h | 0.09924 | −0.048% | $258K | $831K | 10x | as long as short |
| Lighter DOGE | +0.0096% | 1h | 0.09948 | +0.195% | $730K | $6.2M | 15x | as long as short |
| Katana Perps DOGE-USD | +0.0096% | 8h | 0.09936 | +0.074% | $898 | $449K | 10x | as long as short |
| Nado DOGE-PERP | +0.0100% | 1h | 0.09935 | +0.064% | $526K | $1.0M | 10x | as long as short |
| Aster DOGEUSDT | +0.0100% | 8h | 0.09943 | +0.149% | $4.6M | $49.1M | 75x | as long as short |
Bitget DOGEUSDT
Kraken Futures PF_DOGEUSD
Kalshi KXDOGEPERP
gTrade (Gains Network) DOGE/USD
dYdX DOGE-USD
Polymarket Perps DOGE-USD
Lighter DOGE
Katana Perps DOGE-USD
Nado DOGE-PERP
Aster DOGEUSDTShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica DOGE | +0.0100% | 1h | 0.09948 | +0.195% | $323K | $482K | 20x | as long as short |
| Binance DOGEUSDT | +0.0100% | 8h | 0.09940 | +0.112% | $317.4M | $1.45B | 75x | as long as short |
| Bybit DOGEUSDT | +0.0100% | 8h | 0.09928 | −0.007% | $161.3M | $443.5M | 75x | as long as short |
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.09927 | −0.017% | $111.4M | $994.0M | 50x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.09885 | −0.440% | $380K | $859 | 10x | as long as short |
| Gate DOGE_USDT | +0.0100% | 8h | 0.09939 | +0.104% | $243.9M | $133.5M | 75x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.09932 | +0.034% | $111.1M | $234.3M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.09931 | +0.023% | $65.6M | $43.5M | 75x | as long as short |
| BingX DOGE-USDC | +0.0100% | 8h | 0.09941 | +0.124% | — | $3.5M | — | as long as short |
| Backpack DOGE_USDC_PERP | +0.0100% | 1h | 0.09927 | −0.017% | $311K | $1.1M | 15x | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.09927 | −0.020% | $1.0M | $8.2M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.09907 | −0.214% | $295K | $129.1M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.09876 | −0.530% | $622K | $4.4M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.09880 | −0.490% | $144K | $284K | 25x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.09928 | −0.007% | $70K | $436K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.09926 | −0.031% | $24K | $1K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.09932 | +0.038% | $35K | $2.2M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.09925 | −0.037% | $2K | $4.0M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.09922 | −0.064% | $5.9M | $57.3M | 75x | as long as short |
| Phemex DOGEUSDTshort | +0.0100% | 8h | 0.09928 | −0.007% | $91.3M | $16.6M | 50x | |
| Paradex DOGE-USD-PERP | +0.0101% | 8h | 0.09943 | +0.140% | $18K | $7K | 30x | as long as short |
| Deribit DOGE_USDC-PERPETUAL | +0.0103% | 1h | 0.09929 | +0.008% | $593K | $118K | 25x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.09937 | +0.089% | $497K | $4.1M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.09927 | −0.015% | $19K | — | 3x | as long as short |
| Reya DOGERUSDPERPlong | +0.0189% | 1h | 0.09929 | long leg | $2K | — | 20x | |
| 01 Exchange DOGEUSD | +0.0192% | 1h | 0.09948 | +0.197% | $530 | $4K | 10x | as long as short |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.09927 | −0.017% | $15.5M | $25.1M | 75x | as long as short |
| Phoenix DOGE | +0.0242% | 1h | 0.09909 | −0.195% | $64K | $288K | 10x | as long as short |
| GMX DOGE/USD [ETH-USDC] | L +0.0246% / S −0.0269% | 1h | 0.09928 | −0.002% | $311K | — | 200x | as long as short |
| Hyperliquid DOGE | +0.0279% | 1h | 0.09940 | +0.112% | $120.9M | $100.4M | 10x | as long as short |
| Coinbase International DOGE-PERP-INTX | +0.0296% | 1h | 0.09929 | +0.003% | $2.3M | $26.8M | 50x | as long as short |
| Arcus DOGE-USD | +0.0690% | 1h | 0.09958 | +0.295% | $118K | $189K | 10x | as long as short |
| RISEx DOGE/USDC | +0.0695% | 1h | 0.09950 | +0.220% | $402K | $412K | 10x | as long as short |
| Injective DOGE/USDC PERP | +0.1004% | 1h | 0.09940 | +0.114% | $5K | $239K | 12x | as long as short |
Pacifica DOGE
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
Paradex DOGE-USD-PERP
Deribit DOGE_USDC-PERPETUAL
Extended DOGE-USD
Aevo DOGE-PERP
01 Exchange DOGEUSD
BloFin DOGE-USDT
Phoenix DOGE
GMX DOGE/USD [ETH-USDC]
Hyperliquid DOGE
Coinbase International DOGE-PERP-INTX
Arcus DOGE-USD
RISEx DOGE/USDC
Injective DOGE/USDC PERP