Funding you earn now, next payment 08:00 UTC−0.0120%/8h= −13.1% APRnext payment −$1.20 per $10,000 · paid last 24h −0.036%
Price spread now: Phemex against BloFin+0.030%7-day average −0.002% · you sell dearer than you buy
Net, funding: paid 7d − costs−$55as in the Funding arb table
Net, price: spread back to 7d avg − costs−$31as in the Price arb table
costs, in and out, $10k−$340.344% of the position
Funding, last 7 days−0.211%−$21 on $10k
+Price spread, last 4 days (all we have)−0.032%−$3 · spread now +0.030%, 7d avg −0.002%
=The price spread pays, funding is against you. Phemex is 0.032% dearer against BloFin than usual: you sell high and buy low (spread +0.030% now, against its 7-day average of −0.002%): +$3 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 21 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin DOGE-USDT | 0.09896 | 0.0220 | pay 0.0220% / 8h | 4m 37s | $15.4M | $26.9M | 75x |
| Short | Phemex DOGEUSDT | 0.09899 | 0.0100 | get 0.0100% / 8h | 4m 37s | $90.5M | $16.9M | 50x |
BloFin DOGE-USDT
Phemex DOGEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against BloFin. 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
- −$25.2
- Price spread: +0.030% → −0.002%
- $3.19
- Slippage, 4 orders
- −$10.44
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$56.45
- Costs to cover
- 0.344%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 4 min ago; Phemex: live order book, 5 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 BloFin live order book, 4 min ago | 2.02 bp | 8.0 bp −$8 | 9.0 bp −$90 | 19.6 bp −$1,964 | 34.7 bp −$17.3K |
| Sell Phemex live order book, 5 min ago | 0.50 bp | 9.9 bp −$10 | 13.6 bp −$136 | 31.1 bp −$3,115 | 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 | −0.0060% | 1h | 0.09901 | +0.046% | $5.5M | $40.8M | 50x | as long as short |
| Bitget DOGEUSDT | −0.0003% | 8h | 0.09881 | −0.152% | $140.1M | $347.6M | 75x | as long as short |
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.09896 | +0.005% | $579K | $6.6M | 2.8x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S 0.0000% | 1h | 0.09898 | +0.018% | $35K | — | 150x | as long as short |
| Injective DOGE/USDC PERP | +0.0033% | 1h | 0.1053 | +6.407% | $6K | $242K | 12x | as long as short |
| Polymarket Perps DOGE-USD | +0.0034% | 1h | 0.09898 | +0.018% | $258K | $1.2M | 10x | as long as short |
| dYdX DOGE-USD | +0.0039% | 1h | 0.09888 | −0.086% | $222K | $63K | 10x | as long as short |
| Deribit DOGE_USDC-PERPETUAL | +0.0093% | 1h | 0.09903 | +0.074% | $569K | $262K | 25x | as long as short |
| Lighter DOGE | +0.0096% | 1h | 0.09895 | −0.008% | $825K | $6.9M | 15x | as long as short |
| Nado DOGE-PERP | +0.0100% | 1h | 0.09887 | −0.086% | $535K | $1.1M | 10x | as long as short |
Kraken Futures PF_DOGEUSD
Bitget DOGEUSDT
Kalshi KXDOGEPERP
gTrade (Gains Network) DOGE/USD
Injective DOGE/USDC PERP
Polymarket Perps DOGE-USD
dYdX DOGE-USD
Deribit DOGE_USDC-PERPETUAL
Lighter DOGE
Nado DOGE-PERPShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid DOGE | +0.0100% | 1h | 0.09903 | +0.071% | $123.3M | $117.1M | 10x | as long as short |
| Aster DOGEUSDT | +0.0100% | 8h | 0.09889 | −0.074% | $4.9M | $59.6M | 75x | as long as short |
| Pacifica DOGE | +0.0100% | 1h | 0.09892 | −0.039% | $321K | $507K | 20x | as long as short |
| Binance DOGEUSDT | +0.0100% | 8h | 0.09888 | −0.081% | $326.6M | $1.72B | 75x | as long as short |
| Bybit DOGEUSDT | +0.0100% | 8h | 0.09881 | −0.152% | $163.6M | $525.1M | 75x | as long as short |
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.09884 | −0.121% | $115.1M | $1.20B | 50x | as long as short |
| Arcus DOGE-USD | +0.0100% | 1h | 0.09888 | −0.081% | $16K | $306K | 10x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.09910 | +0.141% | $378K | $16K | 10x | as long as short |
| Gate DOGE_USDT | +0.0100% | 8h | 0.09883 | −0.131% | $248.8M | $159.1M | 75x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.09887 | −0.091% | $116.5M | $259.6M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.09892 | −0.040% | $66.0M | $49.9M | 75x | as long as short |
| BingX DOGE-USDT | +0.0100% | 8h | 0.09887 | −0.091% | — | $54.2M | — | as long as short |
| Backpack DOGE_USDC_PERP | +0.0100% | 1h | 0.09901 | +0.051% | $301K | $1.3M | 15x | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.09890 | −0.059% | $1.0M | $8.6M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.09904 | +0.084% | $300K | $139.4M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.09904 | +0.082% | $627K | $4.5M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.09910 | +0.141% | $142K | $346K | 25x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.09900 | +0.040% | $71K | $478K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.09907 | +0.109% | $18K | $7K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.09905 | +0.093% | $34K | $2.3M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.09898 | +0.020% | $2K | $5.5M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.09899 | +0.031% | $5.8M | $69.1M | 75x | as long as short |
| Phemex DOGEUSDTshort | +0.0100% | 8h | 0.09899 | +0.030% | $90.5M | $16.9M | 50x | |
| Paradex DOGE-USD-PERP | +0.0100% | 8h | 0.09889 | −0.067% | $18K | $5K | 30x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.09883 | −0.136% | $485K | $4.1M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.09900 | +0.045% | $19K | — | 3x | as long as short |
| Katana Perps DOGE-USD | +0.0106% | 8h | 0.09885 | −0.111% | $1K | $542K | 10x | as long as short |
| Phoenix DOGE | +0.0160% | 1h | 0.09904 | +0.081% | $18K | $382K | 10x | as long as short |
| Reya DOGERUSDPERP | +0.0201% | 1h | 0.09900 | +0.036% | $2K | — | 20x | as long as short |
| Coinbase International DOGE-PERP-INTX | +0.0216% | 1h | 0.09909 | +0.131% | $1.9M | $35.0M | 50x | as long as short |
| BloFin DOGE-USDTlong | +0.0220% | 8h | 0.09896 | long leg | $15.4M | $26.9M | 75x | |
| 01 Exchange DOGEUSD | +0.0240% | 1h | 0.09894 | −0.023% | $440 | $4K | 10x | as long as short |
| GMX DOGE/USD [ETH-USDC] | L +0.0377% / S −0.0750% | 1h | 0.09897 | +0.015% | $616K | — | 200x | as long as short |
| RISEx DOGE/USDC | +0.0731% | 1h | 0.09894 | −0.020% | $398K | $456K | 10x | as long as short |
Hyperliquid DOGE
Aster DOGEUSDT
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-USDT
Backpack DOGE_USDC_PERP
Variational Omni DOGE
edgeX DOGEUSDC
GRVT DOGE_USDT_Perp
ApeX Omni DOGEUSDT
Orderly PERP_DOGE_USDC
Derive DOGE-PERP
SunX DOGE-USDT
SoDEX DOGE-USD
HTX DOGE-USDT
Paradex DOGE-USD-PERP
Extended DOGE-USD
Aevo DOGE-PERP
Katana Perps DOGE-USD
Phoenix DOGE
Reya DOGERUSDPERP
Coinbase International DOGE-PERP-INTX
01 Exchange DOGEUSD
GMX DOGE/USD [ETH-USDC]
RISEx DOGE/USDC