Funding you earn now, next payment 02:00 UTC+0.0054%/8h= +5.9% APRnext payment +$0.07 per $10,000 · paid last 24h −0.025%
Price spread now: Phoenix against Reya+0.451%59s7-day average — · you sell dearer than you buy
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
=Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Phoenix is 0.451% dearer against Reya than usual: you sell high and buy low: +$45 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 59 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 | 0.09948 | 0.0186 | pay 0.0023% / 1h | 34m 32s | $2K | — | 20x |
| Short | Phoenix DOGE | 0.09992 | 0.0240 | get 0.0030% / 1h | 34m 32s | $65K | $288K | 10x |
Reya DOGERUSDPERP
Phoenix DOGEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix 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
- $11.31
- Price spread: +0.451% → 0.000%
- $45.09
- Slippage, 4 orders
- no order book: not counted
- Fee Reya: 3 bp × 2 orders
- −$6
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $43.4
- Costs to cover
- 0.130%
- Break-even
- from the start
Slippage unknown: Reya: no order-book sample; Phoenix: live order book, 23 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 Phoenix live order book, 23 min ago | 1.00 bp | 12.4 bp −$12 | 43.0 bp −$430 | 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 | −0.0091% | 8h | 0.09939 | −0.087% | $150.5M | $273.8M | 75x | as long as short |
| dYdX DOGE-USD | 0.0000% | 1h | 0.09951 | +0.029% | $223K | $49K | 10x | as long as short |
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.09992 | +0.450% | $444K | $5.1M | 2.8x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S 0.0000% | 1h | 0.09945 | −0.029% | $24K | — | 150x | as long as short |
| Lighter DOGE | +0.0096% | 1h | 0.09964 | +0.166% | $788K | $6.2M | 15x | as long as short |
| Katana Perps DOGE-USD | +0.0099% | 8h | 0.09953 | +0.054% | $3K | $441K | 10x | as long as short |
| Nado DOGE-PERP | +0.0100% | 1h | 0.09952 | +0.049% | $530K | $993K | 10x | as long as short |
| Aster DOGEUSDT | +0.0100% | 8h | 0.09957 | +0.097% | $4.7M | $48.6M | 75x | as long as short |
| Pacifica DOGE | +0.0100% | 1h | 0.09957 | +0.093% | $327K | $483K | 20x | as long as short |
| Binance DOGEUSDT | +0.0100% | 8h | 0.09961 | +0.134% | $318.8M | $1.44B | 75x | as long as short |
Bitget DOGEUSDT
dYdX DOGE-USD
Kalshi KXDOGEPERP
gTrade (Gains Network) DOGE/USD
Lighter DOGE
Katana Perps DOGE-USD
Nado DOGE-PERP
Aster DOGEUSDT
Pacifica DOGE
Binance DOGEUSDTShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit DOGEUSDT | +0.0100% | 8h | 0.09951 | +0.034% | $160.3M | $441.1M | 75x | as long as short |
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.09948 | +0.004% | $111.4M | $985.4M | 50x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.09985 | +0.373% | $383K | $2K | 10x | as long as short |
| Gate DOGE_USDT | +0.0100% | 8h | 0.09956 | +0.084% | $242.9M | $132.3M | 75x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.09951 | +0.034% | $111.8M | $230.3M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.09948 | +0.004% | $65.8M | $43.3M | 75x | as long as short |
| BingX DOGE-USDT | +0.0100% | 8h | 0.09947 | −0.006% | — | $76.3M | — | as long as short |
| Backpack DOGE_USDC_PERP | +0.0100% | 1h | 0.09992 | +0.446% | $329K | $1.1M | 15x | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.09987 | +0.391% | $981K | $8.2M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.09958 | +0.100% | $296K | $129.7M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.09964 | +0.169% | $634K | $4.4M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.09960 | +0.124% | $145K | $278K | 25x | as long as short |
| Polymarket Perps DOGE-USD | +0.0100% | 1h | 0.09947 | −0.009% | $254K | $734K | 10x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.09997 | +0.496% | $70K | $440K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.09996 | +0.489% | $25K | $1K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.09996 | +0.484% | $35K | $2.2M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.09999 | +0.516% | $2K | $3.9M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.09986 | +0.384% | $5.9M | $56.5M | 75x | as long as short |
| Phemex DOGEUSDT | +0.0100% | 8h | 0.09997 | +0.496% | $92.0M | $16.7M | 50x | as long as short |
| Paradex DOGE-USD-PERP | +0.0103% | 8h | 0.09960 | +0.125% | $18K | $6K | 30x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.09951 | +0.032% | $524K | $4.0M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.09997 | +0.499% | $19K | — | 3x | as long as short |
| Deribit DOGE_USDC-PERPETUAL | +0.0160% | 1h | 0.09999 | +0.512% | $597K | $118K | 25x | as long as short |
| Reya DOGERUSDPERPlong | +0.0186% | 1h | 0.09948 | long leg | $2K | — | 20x | |
| 01 Exchange DOGEUSD | +0.0208% | 1h | 0.09961 | +0.135% | $531 | $4K | 10x | as long as short |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.1000 | +0.536% | $15.7M | $25.2M | 75x | as long as short |
| Phoenix DOGEshort | +0.0240% | 1h | 0.09992 | +0.451% | $65K | $288K | 10x | |
| GMX DOGE/USD [ETH-USDC] | L +0.0245% / S −0.0267% | 1h | 0.09945 | −0.025% | $310K | — | 200x | as long as short |
| Coinbase International DOGE-PERP-INTX | +0.0248% | 1h | 0.1000 | +0.567% | $2.3M | $26.2M | 50x | as long as short |
| Kraken Futures PF_DOGEUSD | +0.0306% | 1h | 0.09996 | +0.489% | $5.7M | $35.1M | 50x | as long as short |
| Hyperliquid DOGE | +0.0450% | 1h | 0.09961 | +0.137% | $121.6M | $99.7M | 10x | as long as short |
| RISEx DOGE/USDC | +0.0747% | 1h | 0.09963 | +0.149% | $401K | $365K | 10x | as long as short |
| Arcus DOGE-USD | +0.0781% | 1h | 0.09972 | +0.245% | $128K | $179K | 10x | as long as short |
| Injective DOGE/USDC PERP | +0.1072% | 1h | 0.1002 | +0.727% | $5K | $239K | 12x | as long as short |
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
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
Extended DOGE-USD
Aevo DOGE-PERP
Deribit DOGE_USDC-PERPETUAL
01 Exchange DOGEUSD
BloFin DOGE-USDT
GMX DOGE/USD [ETH-USDC]
Coinbase International DOGE-PERP-INTX
Kraken Futures PF_DOGEUSD
Hyperliquid DOGE
RISEx DOGE/USDC
Arcus DOGE-USD
Injective DOGE/USDC PERP