DOGE

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC+0.0115%/8h= +12.6% APRnext payment +$1.15 per $10,000 · paid last 24h +0.041%

Price spread now: Phemex against Bitget+0.143%7-day average +0.054% · you sell dearer than you buy

Net, funding: paid 7d − costs−$49as in the Funding arb table

Net, price: spread back to 7d avg − costs−$47as in the Price arb table

costs, in and out, $10k−$560.558% of the position

Long on Bitget Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days+0.072%+$7 on $10k

Price spread, last 4 days (all we have)−0.131%−$13 · spread now +0.143%, 7d avg +0.054%

Together, before fees−0.060%−$6 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Phemex is 0.089% dearer against Bitget than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of +0.054%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget DOGEUSDT	0.09803	−0.0015	get 0.0015% / 8h	7h 29m	$138.9M	$346.9M	75x
Short	Phemex DOGEUSDT	0.09817	0.0100	get 0.0100% / 8h	7h 29m	$89.7M	$16.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against Bitget. 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

Position, each leg$Hold fordaysFee BitgetbpFee PhemexbpOrdersPrice spread, now +0.143%Rate

Funding earned: $24.15
Price spread: +0.143% → +0.054%: $8.87
Slippage, 4 orders: −$31.82
Fee Bitget: 6 bp × 2 orders: −$12
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$22.8
Costs to cover: 0.558%
Break-even: 13.6 days

Slippage from Bitget: live order book, 4 min ago; Phemex: live order book, 4 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 Bitget live order book, 4 min ago	0.51 bp	8.7 bp −$9	11.4 bp −$114	27.0 bp −$2,697	64.0 bp −$32.0K
Sell Phemex live order book, 4 min ago	2.03 bp	17.8 bp −$18	35.5 bp −$355	49.6 bp −$4,964	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
Kraken Futures PF_DOGEUSD	−0.0097%	1h	0.09815	+0.127%	$5.4M	$40.6M	50x	as long as short
Bitget DOGEUSDTlong	−0.0015%	8h	0.09803	long leg	$138.9M	$346.9M	75x
Kalshi KXDOGEPERP	0.0000%	8h	0.09803	−0.003%	$537K	$6.6M	2.8x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S 0.0000%	1h	0.09815	+0.119%	$35K	—	150x	as long as short
Gate DOGE_USDT	+0.0004%	8h	0.09811	+0.082%	$248.1M	$154.2M	75x	as long as short
Injective DOGE/USDC PERP	+0.0033%	1h	0.1053	+7.416%	$6K	$242K	12x	as long as short
Phoenix DOGE	+0.0081%	1h	0.09885	+0.839%	$18K	$386K	10x	as long as short
Lighter DOGE	+0.0096%	1h	0.09826	+0.235%	$819K	$6.8M	15x	as long as short
Katana Perps DOGE-USD	+0.0100%	8h	0.09808	+0.051%	$2K	$545K	10x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.09806	+0.031%	$502K	$1.1M	10x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid DOGE	+0.0100%	1h	0.09823	+0.205%	$122.5M	$116.9M	10x	as long as short
Aster DOGEUSDT	+0.0100%	8h	0.09818	+0.148%	$4.9M	$58.9M	75x	as long as short
Pacifica DOGE	+0.0100%	1h	0.09818	+0.149%	$319K	$481K	20x	as long as short
Binance DOGEUSDT	+0.0100%	8h	0.09816	+0.137%	$324.9M	$1.71B	75x	as long as short
Bybit DOGEUSDT	+0.0100%	8h	0.09808	+0.051%	$162.6M	$521.5M	75x	as long as short
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.09810	+0.071%	$113.6M	$1.18B	50x	as long as short
Arcus DOGE-USD	+0.0100%	1h	0.09811	+0.082%	$16K	$306K	10x	as long as short
Bulk DOGE-USD	+0.0100%	1h	0.09875	+0.734%	$377K	$2K	10x	as long as short
MEXC DOGE_USDT	+0.0100%	8h	0.09816	+0.133%	$116.7M	$259.5M	300x	as long as short
KuCoin DOGEUSDTM	+0.0100%	8h	0.09818	+0.153%	$65.5M	$49.2M	75x	as long as short
BingX DOGE-USDC	+0.0100%	8h	0.09812	+0.092%	—	$3.5M	—	as long as short
Backpack DOGE_USDC_PERP	+0.0100%	1h	0.09822	+0.194%	$298K	$1.3M	15x	as long as short
Variational Omni DOGE	+0.0100%	8h	0.09822	+0.193%	$1.0M	$8.4M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.09834	+0.318%	$298K	$139.3M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.09875	+0.734%	$621K	$4.4M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.09840	+0.377%	$141K	$347K	25x	as long as short
Polymarket Perps DOGE-USD	+0.0100%	1h	0.09809	+0.061%	$255K	$1.2M	10x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.09810	+0.071%	$70K	$465K	50x	as long as short
Derive DOGE-PERP	+0.0100%	1h	0.09809	+0.058%	$18K	$7K	10x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.09817	+0.140%	$34K	$2.2M	30x	as long as short
SoDEX DOGE-USD	+0.0100%	1h	0.09822	+0.194%	$2K	$5.4M	10x	as long as short
HTX DOGE-USDT	+0.0100%	8h	0.09811	+0.083%	$5.8M	$69.1M	75x	as long as short
Phemex DOGEUSDTshort	+0.0100%	8h	0.09817	+0.143%	$89.7M	$16.5M	50x
Paradex DOGE-USD-PERP	+0.0100%	8h	0.09815	+0.124%	$18K	$5K	30x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.09806	+0.036%	$476K	$4.1M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.09811	+0.087%	$19K	—	3x	as long as short
Deribit DOGE_USDC-PERPETUAL	+0.0137%	1h	0.09815	+0.124%	$556K	$297K	25x	as long as short
Reya DOGERUSDPERP	+0.0202%	1h	0.09809	+0.065%	$2K	—	20x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0208%	1h	0.09819	+0.163%	$1.9M	$34.6M	50x	as long as short
BloFin DOGE-USDT	+0.0220%	8h	0.09817	+0.143%	$15.5M	$26.6M	75x	as long as short
01 Exchange DOGEUSD	+0.0224%	1h	0.09813	+0.105%	$452	$4K	10x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0235% / S −0.0207%	1h	0.09815	+0.118%	$294K	—	200x	as long as short
dYdX DOGE-USD	+0.0538%	1h	0.09814	+0.110%	$230K	$74K	10x	as long as short
RISEx DOGE/USDC	+0.0717%	1h	0.09816	+0.131%	$395K	$448K	10x	as long as short