Funding you earn now, next payment 01:00 UTC+0.0350%/8h= +38.3% APRpaid last 24h +0.019%
Price spread now: Phoenix against Bitget+0.787%7-day average +0.080% · you sell dearer than you buy
Net, funding: paid 7d − costs−$54as in the Funding arb table
Net, price: spread back to 7d avg − costs+$29as in the Price arb table
costs, in and out, $10k−$410.415% of the position
Funding, last 7 days−0.126%−$13 on $10k
+Price spread, last 4 days (all we have)−0.040%−$4 · spread now +0.787%, 7d avg +0.080%
=Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and Phoenix is 0.707% dearer against Bitget than usual: you sell high and buy low: +$71 more if the spread goes back to its 7-day average of +0.080%. Mind the row above: over the last 7 days funding on this pair cost −0.126%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.126% in total (about -6.6% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget DOGEUSDT | 0.09920 | −0.0109 | get 0.0109% / 8h | 6h 21m | $150.3M | $273.2M | 75x |
| Short | Phoenix DOGE | 0.09998 | 0.0241 | get 0.0030% / 1h | 21m 06s | $65K | $284K | 10x |
Bitget DOGEUSDT
Phoenix DOGEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Bitget. 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
- $73.54
- Price spread: +0.787% → +0.080%
- $70.68
- Slippage, 4 orders
- −$22.47
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $102.75
- Costs to cover
- 0.415%
- Break-even
- from the start
Slippage from Bitget: live order book, 3 min ago; Phoenix: live order book, 42 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, 3 min ago | 0.50 bp | 7.9 bp −$8 | 9.2 bp −$92 | 21.6 bp −$2,157 | 61.4 bp −$30.7K |
| Sell Phoenix live order book, 42 min ago | 1.00 bp | 12.3 bp −$12 | 43.1 bp −$431 | doesn't fit | doesn't fit |
DOGE on 43 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 DOGEUSDTlong | −0.0109% | 8h | 0.09920 | long leg | $150.3M | $273.2M | 75x | |
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.09949 | +0.296% | $391K | $5.0M | 2.8x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S 0.0000% | 1h | 0.09946 | +0.259% | $23K | — | 150x | as long as short |
| dYdX DOGE-USD | +0.0015% | 1h | 0.09944 | +0.237% | $223K | $49K | 10x | as long as short |
| Deribit DOGE_USDC-PERPETUAL | +0.0052% | 1h | 0.09946 | +0.263% | $594K | $118K | 25x | as long as short |
| Kraken Futures PF_DOGEUSD | +0.0067% | 1h | 0.09942 | +0.223% | $5.8M | $34.2M | 50x | as long as short |
| Lighter DOGE | +0.0096% | 1h | 0.09949 | +0.296% | $822K | $6.1M | 15x | as long as short |
| Katana Perps DOGE-USD | +0.0099% | 8h | 0.09947 | +0.272% | $831 | $428K | 10x | as long as short |
| Nado DOGE-PERP | +0.0100% | 1h | 0.09949 | +0.292% | $529K | $989K | 10x | as long as short |
| Aster DOGEUSDT | +0.0100% | 8h | 0.09942 | +0.226% | $4.6M | $48.2M | 75x | as long as short |
Kalshi KXDOGEPERP
gTrade (Gains Network) DOGE/USD
dYdX DOGE-USD
Deribit DOGE_USDC-PERPETUAL
Kraken Futures PF_DOGEUSD
Lighter DOGE
Katana Perps DOGE-USD
Nado DOGE-PERP
Aster DOGEUSDTShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica DOGE | +0.0100% | 1h | 0.09951 | +0.314% | $327K | $503K | 20x | as long as short |
| Binance DOGEUSDT | +0.0100% | 8h | 0.09936 | +0.159% | $315.1M | $1.43B | 75x | as long as short |
| Bybit DOGEUSDT | +0.0100% | 8h | 0.09927 | +0.071% | $157.1M | $441.5M | 75x | as long as short |
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.09928 | +0.081% | $110.0M | $977.0M | 50x | as long as short |
| Arcus DOGE-USD | +0.0100% | 1h | 0.09956 | +0.363% | $128K | $178K | 10x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.09984 | +0.643% | $383K | $5K | 10x | as long as short |
| Gate DOGE_USDT | +0.0100% | 8h | 0.09932 | +0.121% | $240.9M | $132.5M | 75x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.09935 | +0.151% | $110.6M | $229.8M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.09946 | +0.262% | $65.8M | $43.1M | 75x | as long as short |
| BingX DOGE-USDC | +0.0100% | 8h | 0.09938 | +0.181% | — | $3.5M | — | as long as short |
| Backpack DOGE_USDC_PERP | +0.0100% | 1h | 0.09934 | +0.141% | $339K | $1.1M | 15x | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.09945 | +0.249% | $992K | $8.2M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.09956 | +0.359% | $281K | $128.7M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.09957 | +0.373% | $636K | $4.5M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.09960 | +0.403% | $145K | $269K | 25x | as long as short |
| Polymarket Perps DOGE-USD | +0.0100% | 1h | 0.09944 | +0.242% | $256K | $642K | 10x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.09944 | +0.242% | $70K | $440K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.09942 | +0.224% | $24K | $1K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.09952 | +0.320% | $35K | $2.2M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.09945 | +0.252% | $2K | $3.7M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.09948 | +0.282% | $5.9M | $55.0M | 75x | as long as short |
| Phemex DOGEUSDT | +0.0100% | 8h | 0.09940 | +0.202% | $91.6M | $17.0M | 50x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.09942 | +0.219% | $558K | $4.0M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.09943 | +0.232% | $19K | — | 3x | as long as short |
| Paradex DOGE-USD-PERP | +0.0110% | 8h | 0.09943 | +0.229% | $18K | $6K | 30x | as long as short |
| Reya DOGERUSDPERP | +0.0184% | 1h | 0.09947 | +0.274% | $2K | — | 20x | as long as short |
| 01 Exchange DOGEUSD | +0.0208% | 1h | 0.09950 | +0.298% | $530 | $4K | 10x | as long as short |
| Coinbase International DOGE-PERP-INTX | +0.0240% | 1h | 0.09953 | +0.333% | $2.0M | $25.1M | 50x | as long as short |
| Phoenix DOGEshort | +0.0241% | 1h | 0.09998 | +0.787% | $65K | $284K | 10x | |
| GMX DOGE/USD [ETH-USDC] | L +0.0245% / S −0.0267% | 1h | 0.09945 | +0.251% | $310K | — | 200x | as long as short |
| RISEx DOGE/USDC | +0.0563% | 1h | 0.09950 | +0.302% | $400K | $367K | 10x | as long as short |
| Hyperliquid DOGE | +0.0703% | 1h | 0.09945 | +0.249% | $121.5M | $97.6M | 10x | as long as short |
| Injective DOGE/USDC PERP | +0.1004% | 1h | 0.1000 | +0.806% | $5K | $239K | 12x | as long as short |
Pacifica DOGE
Binance DOGEUSDT
Bybit DOGEUSDT
OKX DOGE-USDT-SWAP
Arcus DOGE-USD
Bulk DOGE-USD
Gate DOGE_USDT
MEXC DOGE_USDT
KuCoin DOGEUSDTM
BingX DOGE-USDC
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
Extended DOGE-USD
Aevo DOGE-PERP
Paradex DOGE-USD-PERP
Reya DOGERUSDPERP
01 Exchange DOGEUSD
Coinbase International DOGE-PERP-INTX
GMX DOGE/USD [ETH-USDC]
RISEx DOGE/USDC
Hyperliquid DOGE
Injective DOGE/USDC PERP