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Funding arb · Price arb /

DOGE

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 02:00 UTC+0.0140%/8h= +15.4% APRpaid last 24h −0.009%
Price spread now: Phoenix against SunX−0.264%7-day average 0.000% · you buy dearer than you sell
Net, funding: paid 7d − costs−$93as in the Funding arb table
Net, price: spread back to 7d avg − costs−$97as in the Price arb table
costs, in and out, $10k−$710.707% of the position
Long on SunXShort on Phoenix
What this pair did over the last
the charts below follow
Funding, last 7 days−0.226%−$23 on $10k
Price spread, last 4 days (all we have)+0.338%+$34 · spread now −0.264%, 7d avg 0.000%
Together, before fees+0.112%+$11 on $10k · with fees, hour by hour
Funding pays, the price is against you. Phoenix is 0.264% cheaper against SunX than usual: you would sell low and buy high (spread −0.264% now, against its 7-day average of 0.000%). If the spread goes back, that is −$26 on $10k: about 6.3 days of funding at the current rate (+$4 a day). Mind the row above: over the last 7 days funding on this pair cost −0.226%, so the current rate has only just turned in your favour.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX DOGE-USDT0.10010.0100pay 0.0100% / 8h5h 42m$35K$2.2M30x
ShortPhoenix DOGE0.099800.0240get 0.0030% / 1h42m 38s$65K$288K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Phoenix against SunX. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$29.46
Price spread: −0.264% → 0.000%
−$26.4
Slippage, 4 orders
−$55.71
Fee SunX: 4 bp × 2 orders
−$8
Fee Phoenix: 3.5 bp × 2 orders
−$7
Net
−$67.65
Costs to cover
0.707%
Break-even
23.1 days
Slippage from SunX: live order book, 4 min ago; Phoenix: live order book, 15 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy SunX live order book, 4 min ago17.55 bp21.5 bp −$2235.9 bp −$359doesn't fitdoesn't fit
Sell Phoenix live order book, 15 min ago1.00 bp12.4 bp −$1243.0 bp −$430doesn't fitdoesn't fit

DOGE on 44 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget DOGEUSDT−0.0093%8h0.1001−0.008%$151.6M$273.7M75xas long as short
dYdX DOGE-USD0.0000%1h0.1001+0.073%$225K$49K10xas long as short
Kalshi KXDOGEPERP0.0000%8h0.1000−0.035%$446K$5.1M2.8xas long as short
gTrade (Gains Network) DOGE/USDL +0.0001% / S 0.0000%1h0.1001+0.037%$24K—150xas long as short
Lighter DOGE+0.0096%1h0.1002+0.177%$815K$6.1M15xas long as short
Katana Perps DOGE-USD+0.0099%8h0.1001+0.052%$979$436K10xas long as short
Nado DOGE-PERP+0.0100%1h0.1000−0.028%$533K$991K10xas long as short
Aster DOGEUSDT+0.0100%8h0.1002+0.119%$4.7M$48.5M75xas long as short
Pacifica DOGE+0.0100%1h0.1002+0.112%$329K$484K20xas long as short
Binance DOGEUSDT+0.0100%8h0.1002+0.099%$321.1M$1.44B75xas long as short
Show all 44 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit DOGEUSDT+0.0100%8h0.1001+0.062%$161.2M$440.5M75xas long as short
OKX DOGE-USDT-SWAP+0.0100%8h0.1002+0.092%$111.9M$990.3M50xas long as short
Bulk DOGE-USD+0.0100%1h0.09995−0.120%$383K$5K10xas long as short
Gate DOGE_USDT+0.0100%8h0.1001+0.022%$243.9M$131.8M75xas long as short
MEXC DOGE_USDT+0.0100%8h0.1002+0.082%$113.7M$229.5M300xas long as short
KuCoin DOGEUSDTM+0.0100%8h0.1001+0.072%$66.2M$43.3M75xas long as short
BingX DOGE-USDT+0.0100%8h0.1001+0.032%—$76.2M—as long as short
Backpack DOGE_USDC_PERP+0.0100%1h0.1001+0.072%$330K$1.1M15xas long as short
Variational Omni DOGE+0.0100%8h0.09980−0.270%$997K$8.2M—as long as short
edgeX DOGEUSDC+0.0100%4h0.09984−0.226%$296K$130.0M20xas long as short
GRVT DOGE_USDT_Perp+0.0100%8h0.09971−0.354%$635K$4.4M10xas long as short
Polymarket Perps DOGE-USD+0.0100%1h0.09999−0.078%$256K$731K10xas long as short
Orderly PERP_DOGE_USDC+0.0100%8h0.1002+0.082%$70K$440K50xas long as short
Derive DOGE-PERP+0.0100%1h0.1002+0.090%$25K$1K10xas long as short
SunX DOGE-USDTlong+0.0100%8h0.1001long leg$35K$2.2M30x
SoDEX DOGE-USD+0.0100%1h0.1002+0.122%$2K$3.9M10xas long as short
HTX DOGE-USDT+0.0100%8h0.1001+0.032%$6.0M$56.4M75xas long as short
Phemex DOGEUSDT+0.0100%8h0.1002+0.082%$92.2M$16.7M50xas long as short
Extended DOGE-USD+0.0104%1h0.1001+0.020%$555K$4.0M50xas long as short
Aevo DOGE-PERP+0.0104%1h0.1002+0.100%$19K—3xas long as short
Paradex DOGE-USD-PERP+0.0104%8h0.1002+0.084%$18K$6K30xas long as short
ApeX Omni DOGEUSDT+0.0146%1h0.09990−0.168%$146K$277K25xas long as short
Deribit DOGE_USDC-PERPETUAL+0.0179%1h0.1002+0.134%$599K$118K25xas long as short
Reya DOGERUSDPERP+0.0186%1h0.1000−0.026%$2K—20xas long as short
01 Exchange DOGEUSD+0.0208%1h0.1001+0.081%$534$4K10xas long as short
BloFin DOGE-USDT+0.0220%8h0.1002+0.112%$15.8M$25.2M75xas long as short
Phoenix DOGEshort+0.0240%1h0.09980−0.264%$65K$288K10x
GMX DOGE/USD [ETH-USDC]L +0.0246% / S −0.0267%1h0.1001+0.045%$311K—200xas long as short
Coinbase International DOGE-PERP-INTX+0.0248%1h0.1003+0.182%$2.3M$26.2M50xas long as short
Kraken Futures PF_DOGEUSD+0.0305%1h0.1002+0.104%$5.7M$35.1M50xas long as short
Hyperliquid DOGE+0.0436%1h0.1003+0.182%$122.3M$100.0M10xas long as short
RISEx DOGE/USDC+0.0747%1h0.1002+0.119%$403K$367K10xas long as short
Arcus DOGE-USD+0.0781%1h0.1003+0.182%$129K$179K10xas long as short
Injective DOGE/USDC PERP+0.1072%1h0.1001+0.032%$5K$239K12xas long as short