Funding you earn now, next payment 22:00 UTC−0.0019%/8h= −2.1% APRpaid last 24h −0.021%
Price spread now: Phoenix against Variational Omni+0.569%69s7-day average +0.061% · 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)−0.064%−$6 on $10k
+Price spread, last 3 days (all we have)−0.452%−$45 · spread now +0.569%, 7d avg +0.061%
=Together, before fees−0.516%+ Points / potential airdropVariational Omni: Active · farm board−$52 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Phoenix is 0.508% dearer against Variational Omni than usual: you sell high and buy low (spread +0.569% now, against its 7-day average of +0.061%): +$51 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 3 months. At the pace of the last 3 days (−0.064% in total) that is about 26 days. The two prices were read 69 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 | Variational Omni DOGE | 0.1002 | 0.0100 | pay 0.0100% / 8h | 1h 50m | $933K | $7.8M | — |
| Short | Phoenix DOGE | 0.1008 | 0.0081 | get 0.0010% / 1h | 50m 12s | $16K | $222K | 10x |
Variational Omni DOGE
Phoenix DOGEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Variational Omni. 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
- −$4.09
- Price spread: +0.569% → +0.061%
- $50.8
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $39.71
- Costs to cover
- 0.070%
- Break-even
- from the start
Slippage unknown: Variational Omni: RFQ quote, 4 min ago; Phoenix: live order book, 28 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 Variational Omni RFQ quote, 4 min ago | 9.94 bp | doesn't fit | 9.9 bp −$99 | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 28 min ago | 1.00 bp | 12.3 bp −$12 | 43.0 bp −$430 | doesn't fit | 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 | −0.0273% | 8h | 0.1002 | −0.026% | $153.3M | $261.9M | 75x | as long as short |
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.1003 | +0.084% | $377K | $4.4M | 2.8x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S −0.0001% | 1h | 0.1002 | −0.012% | $32K | — | 150x | as long as short |
| dYdX DOGE-USD | +0.0025% | 1h | 0.1003 | +0.073% | $225K | $44K | 10x | as long as short |
| Phoenix DOGEshort | +0.0081% | 1h | 0.1008 | +0.569% | $16K | $222K | 10x | |
| Gate DOGE_USDT | +0.0089% | 8h | 0.1002 | +0.023% | $241.2M | $120.8M | 75x | as long as short |
| Lighter DOGE | +0.0096% | 1h | 0.1003 | +0.105% | $786K | $5.3M | 15x | as long as short |
| Katana Perps DOGE-USD | +0.0096% | 8h | 0.1003 | +0.113% | $1K | $355K | 10x | as long as short |
| Nado DOGE-PERP | +0.0100% | 1h | 0.1002 | +0.053% | $679K | $744K | 10x | as long as short |
| Aster DOGEUSDT | +0.0100% | 8h | 0.1002 | +0.010% | $5.0M | $41.3M | 75x | as long as short |
Bitget DOGEUSDT
Kalshi KXDOGEPERP
gTrade (Gains Network) DOGE/USD
dYdX DOGE-USD
Gate DOGE_USDT
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 | 0.1003 | +0.118% | $337K | $498K | 20x | as long as short |
| Binance DOGEUSDT | +0.0100% | 8h | 0.1003 | +0.059% | $318.6M | $1.28B | 75x | as long as short |
| Bybit DOGEUSDT | +0.0100% | 8h | 0.1002 | +0.023% | $161.4M | $404.5M | 75x | as long as short |
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.1003 | +0.073% | $109.4M | $907.7M | 50x | as long as short |
| Arcus DOGE-USD | +0.0100% | 1h | 0.1004 | +0.163% | $28K | $76K | 10x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.1003 | +0.103% | $384K | $14K | 10x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.1003 | +0.053% | $109.5M | $214.1M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.1003 | +0.053% | $65.8M | $39.4M | 75x | as long as short |
| BingX DOGE-USDT | +0.0100% | 8h | 0.1003 | +0.053% | — | $73.8M | — | as long as short |
| Variational Omni DOGElong | +0.0100% | 8h | 0.1002 | long leg | $933K | $7.8M | — | |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.1004 | +0.238% | $276K | $112.9M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.1007 | +0.498% | $641K | $4.6M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.1004 | +0.203% | $145K | $238K | 25x | as long as short |
| Polymarket Perps DOGE-USD | +0.0100% | 1h | 0.1002 | +0.043% | $271K | $534K | 10x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.1002 | +0.023% | $72K | $417K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.1002 | −0.007% | $25K | $1K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.1002 | +0.045% | $35K | $2.2M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.1002 | +0.033% | $2K | $3.5M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.1002 | +0.008% | $6.0M | $48.5M | 75x | as long as short |
| Phemex DOGEUSDT | +0.0100% | 8h | 0.1003 | +0.053% | $92.9M | $19.1M | 50x | as long as short |
| Paradex DOGE-USD-PERP | +0.0100% | 8h | 0.1003 | +0.110% | $18K | $5K | 30x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.1002 | −0.008% | $559K | $3.6M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.1003 | +0.055% | $19K | — | 3x | as long as short |
| Deribit DOGE_USDC-PERPETUAL | +0.0109% | 1h | 0.1002 | +0.048% | $627K | $105K | 25x | as long as short |
| Reya DOGERUSDPERP | +0.0175% | 1h | 0.1003 | +0.060% | $2K | — | 20x | as long as short |
| 01 Exchange DOGEUSD | +0.0176% | 1h | 0.1003 | +0.140% | $530 | $4K | 10x | as long as short |
| Coinbase International DOGE-PERP-INTX | +0.0216% | 1h | 0.1003 | +0.123% | $2.0M | $22.9M | 50x | as long as short |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.1002 | +0.013% | $15.2M | $24.2M | 75x | as long as short |
| GMX DOGE/USD [ETH-USDC] | L +0.0245% / S −0.0266% | 1h | 0.1002 | +0.004% | $311K | — | 200x | as long as short |
| Backpack DOGE_USDC_PERP | +0.0330% | 1h | 0.1003 | +0.123% | $529K | $934K | 15x | as long as short |
| Kraken Futures PF_DOGEUSD | +0.0364% | 1h | 0.1002 | +0.027% | $6.0M | $32.0M | 50x | as long as short |
| Hyperliquid DOGE | +0.0390% | 1h | 0.1003 | +0.153% | $110.3M | $80.9M | 10x | as long as short |
| RISEx DOGE/USDC | +0.0702% | 1h | 0.1004 | +0.170% | $315K | $472K | 10x | as long as short |
| Injective DOGE/USDC PERP | +0.0966% | 1h | 0.1007 | +0.503% | $5K | $207K | 12x | as long as short |
Pacifica DOGE
Binance DOGEUSDT
Bybit DOGEUSDT
OKX DOGE-USDT-SWAP
Arcus DOGE-USD
Bulk DOGE-USD
MEXC DOGE_USDT
KuCoin DOGEUSDTM
BingX DOGE-USDT
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
Reya DOGERUSDPERP
01 Exchange DOGEUSD
Coinbase International DOGE-PERP-INTX
BloFin DOGE-USDT
GMX DOGE/USD [ETH-USDC]
Backpack DOGE_USDC_PERP
Kraken Futures PF_DOGEUSD
Hyperliquid DOGE
RISEx DOGE/USDC
Injective DOGE/USDC PERP