Funding you earn now, next payment 09:00 UTC+0.0061%/8h= +6.6% APRnext payment +$0.08 per $10,000 · paid last 24h +0.007%
Price spread now: Phoenix against SoDEX+0.098%7-day average +0.044% · 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−$340.336% of the position
Funding, last 4 days (all we have)−0.049%−$5 on $10k
+Price spread, last 4 days (all we have)−0.094%−$9 · spread now +0.098%, 7d avg +0.044%
=Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Phoenix is 0.054% dearer against SoDEX than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.044%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SoDEX DOGE-USD | 0.09854 | 0.0100 | pay 0.0013% / 1h | 21m 02s | $2K | $5.4M | 10x |
| Short | Phoenix DOGE | 0.09864 | 0.0161 | get 0.0020% / 1h | 21m 02s | $18K | $355K | 10x |
SoDEX DOGE-USD
Phoenix DOGEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against SoDEX. 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
- $12.72
- Price spread: +0.098% → +0.044%
- $5.44
- Slippage, 4 orders
- −$18.64
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$15.47
- Costs to cover
- 0.336%
- Break-even
- 15.5 days
Slippage from SoDEX: live order book, 1 min ago; Phoenix: live order book, 29 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 SoDEX live order book, 1 min ago | 0.51 bp | 4.5 bp −$5 | 8.0 bp −$80 | 143.0 bp −$14.3K | doesn't fit |
| Sell Phoenix live order book, 29 min ago | 1.01 bp | 12.3 bp −$12 | 43.0 bp −$430 | doesn't fit | doesn't fit |
DOGE on 43 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_DOGEUSD | −0.0052% | 1h | 0.09852 | −0.017% | $5.3M | $40.3M | 50x | as long as short |
| Bitget DOGEUSDT | −0.0037% | 8h | 0.09845 | −0.091% | $139.4M | $346.5M | 75x | as long as short |
| Gate DOGE_USDT | −0.0003% | 8h | 0.09850 | −0.041% | $252.9M | $148.5M | 75x | as long as short |
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.09862 | +0.080% | $493K | $6.4M | 2.8x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S 0.0000% | 1h | 0.09852 | −0.019% | $33K | — | 150x | as long as short |
| Injective DOGE/USDC PERP | +0.0033% | 1h | 0.1053 | +6.860% | $6K | $240K | 12x | as long as short |
| Bybit DOGEUSDT | +0.0043% | 8h | 0.09846 | −0.081% | $166.1M | $511.8M | 75x | as long as short |
| Deribit DOGE_USDC-PERPETUAL | +0.0065% | 1h | 0.09856 | +0.022% | $552K | $297K | 25x | as long as short |
| Lighter DOGE | +0.0096% | 1h | 0.09863 | +0.089% | $815K | $6.5M | 15x | as long as short |
| Katana Perps DOGE-USD | +0.0100% | 8h | 0.09860 | +0.061% | $1K | $542K | 10x | as long as short |
Kraken Futures PF_DOGEUSD
Bitget DOGEUSDT
Gate DOGE_USDT
Kalshi KXDOGEPERP
gTrade (Gains Network) DOGE/USD
Injective DOGE/USDC PERP
Bybit DOGEUSDT
Deribit DOGE_USDC-PERPETUAL
Lighter DOGE
Katana Perps DOGE-USDShow all 43 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Nado DOGE-PERP | +0.0100% | 1h | 0.09860 | +0.061% | $506K | $1.1M | 10x | as long as short |
| Hyperliquid DOGE | +0.0100% | 1h | 0.09862 | +0.081% | $122.3M | $111.4M | 10x | as long as short |
| Aster DOGEUSDT | +0.0100% | 8h | 0.09854 | 0.000% | $4.9M | $58.0M | 75x | as long as short |
| Pacifica DOGE | +0.0100% | 1h | 0.09866 | +0.121% | $315K | $475K | 20x | as long as short |
| Binance DOGEUSDT | +0.0100% | 8h | 0.09853 | −0.010% | $325.3M | $1.66B | 75x | as long as short |
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.09852 | −0.020% | $115.8M | $1.14B | 50x | as long as short |
| Arcus DOGE-USD | +0.0100% | 1h | 0.09866 | +0.122% | $17K | $307K | 10x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.09868 | +0.144% | $377K | $2K | 10x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.09850 | −0.041% | $111.2M | $256.9M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.09855 | +0.010% | $65.4M | $47.7M | 75x | as long as short |
| BingX DOGE-USDT | +0.0100% | 8h | 0.09852 | −0.020% | — | $49.0M | — | as long as short |
| Backpack DOGE_USDC_PERP | +0.0100% | 1h | 0.09853 | −0.010% | $312K | $1.2M | 15x | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.09846 | −0.076% | $1.2M | $8.1M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.09857 | +0.032% | $258K | $133.8M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.09856 | +0.021% | $629K | $4.0M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.09860 | +0.061% | $139K | $347K | 25x | as long as short |
| Polymarket Perps DOGE-USD | +0.0100% | 1h | 0.09856 | +0.018% | $246K | $1.2M | 10x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.09855 | +0.010% | $68K | $423K | 50x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.09865 | +0.110% | $34K | $2.0M | 30x | as long as short |
| SoDEX DOGE-USDlong | +0.0100% | 1h | 0.09854 | long leg | $2K | $5.4M | 10x | |
| HTX DOGE-USDT | +0.0100% | 8h | 0.09859 | +0.055% | $6.0M | $66.3M | 75x | as long as short |
| Phemex DOGEUSDT | +0.0100% | 8h | 0.09854 | 0.000% | $89.9M | $15.7M | 50x | as long as short |
| Paradex DOGE-USD-PERP | +0.0100% | 8h | 0.09860 | +0.062% | $18K | $5K | 30x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.09846 | −0.086% | $482K | $4.0M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.09854 | −0.002% | $19K | — | 3x | as long as short |
| Phoenix DOGEshort | +0.0161% | 1h | 0.09864 | +0.098% | $18K | $355K | 10x | |
| 01 Exchange DOGEUSD | +0.0176% | 1h | 0.09869 | +0.149% | $454 | $4K | 10x | as long as short |
| Reya DOGERUSDPERP | +0.0205% | 1h | 0.09866 | +0.120% | $2K | — | 20x | as long as short |
| GMX DOGE/USD [ETH-USDC] | L +0.0211% / S −0.0184% | 1h | 0.09853 | −0.014% | $286K | — | 200x | as long as short |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.09865 | +0.112% | $15.4M | $26.0M | 75x | as long as short |
| Coinbase International DOGE-PERP-INTX | +0.0240% | 1h | 0.09863 | +0.091% | $2.2M | $34.7M | 50x | as long as short |
| dYdX DOGE-USD | +0.0249% | 1h | 0.09864 | +0.097% | $232K | $69K | 10x | as long as short |
| RISEx DOGE/USDC | +0.0565% | 1h | 0.09867 | +0.137% | $409K | $451K | 10x | as long as short |
Nado DOGE-PERP
Hyperliquid DOGE
Aster DOGEUSDT
Pacifica DOGE
Binance DOGEUSDT
OKX DOGE-USDT-SWAP
Arcus DOGE-USD
Bulk DOGE-USD
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
SunX DOGE-USDT
HTX DOGE-USDT
Phemex DOGEUSDT
Paradex DOGE-USD-PERP
Extended DOGE-USD
Aevo DOGE-PERP
01 Exchange DOGEUSD
Reya DOGERUSDPERP
GMX DOGE/USD [ETH-USDC]
BloFin DOGE-USDT
Coinbase International DOGE-PERP-INTX
dYdX DOGE-USD
RISEx DOGE/USDC