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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 07:00 UTC−0.0150%/8h= −16.5% APRpaid last 24h −0.037%
Price spread now: Phemex against GMX+0.055%7-day average −0.006% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on GMXShort on Phemex
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.140%−$14 on $10k
Price spread, last 4 days (all we have)−0.094%−$9 · spread now +0.055%, 7d avg −0.006%
Together, before fees−0.235%−$23 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Phemex is 0.061% dearer against GMX than usual: you sell high and buy low (spread +0.055% now, against its 7-day average of −0.006%): +$6 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 32 hours.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGMX DOGE/USD [ETH-USDC]0.10000L +0.0250% / S −0.0297%pay 0.0031% / 1h14m 59s$315K—200x
ShortPhemex DOGEUSDT0.10010.0100get 0.0100% / 8h1h 14m$91.7M$17.1M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Phemex against GMX. 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
−$31.58
Price spread: +0.055% → −0.006%
$6.06
Slippage, 4 orders
no order book: not counted
Fee GMX: 6 bp × 2 orders
−$12
Fee Phemex: 6 bp × 2 orders
−$12
Net
−$49.53
Costs to cover
0.240%
Break-even
never at this rate
Slippage unknown: GMX: no order-book sample; Phemex: live order book, 4 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy GMX no order-book sample—————
Sell Phemex live order book, 4 min ago1.00 bp7.0 bp −$77.0 bp −$7030.4 bp −$3,039doesn't fit
GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

DOGE on 43 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
Kraken Futures PF_DOGEUSD−0.0082%1h0.1001+0.060%$5.7M$40.6M50xas long as short
dYdX DOGE-USD0.0000%1h0.1001+0.085%$225K$69K10xas long as short
Kalshi KXDOGEPERP0.0000%8h0.1001+0.092%$613K$6.6M2.8xas long as short
gTrade (Gains Network) DOGE/USDL +0.0001% / S 0.0000%1h0.100000.000%$35K—150xas long as short
Injective DOGE/USDC PERP+0.0033%1h0.1053+5.305%$6K$242K12xas long as short
Bitget DOGEUSDT+0.0049%8h0.09997−0.025%$141.9M$344.3M75xas long as short
Polymarket Perps DOGE-USD+0.0049%1h0.09999−0.009%$263K$1.2M10xas long as short
Phoenix DOGE+0.0080%1h0.1002+0.250%$18K$382K10xas long as short
Lighter DOGE+0.0096%1h0.1001+0.118%$849K$6.8M15xas long as short
Nado DOGE-PERP+0.0100%1h0.1001+0.100%$540K$1.1M10xas long as short
Show all 43 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster DOGEUSDT+0.0100%8h0.1000+0.046%$4.6M$58.7M75xas long as short
Pacifica DOGE+0.0100%1h0.1001+0.130%$319K$501K20xas long as short
Binance DOGEUSDT+0.0100%8h0.1000+0.052%$329.7M$1.72B75xas long as short
Bybit DOGEUSDT+0.0100%8h0.09998−0.015%$165.1M$522.1M75xas long as short
OKX DOGE-USDT-SWAP+0.0100%8h0.1000+0.025%$117.4M$1.21B50xas long as short
Bulk DOGE-USD+0.0100%1h0.1003+0.282%$385K$16K10xas long as short
Gate DOGE_USDT+0.0100%8h0.1000+0.025%$250.0M$157.2M75xas long as short
MEXC DOGE_USDT+0.0100%8h0.1001+0.065%$112.1M$258.4M300xas long as short
KuCoin DOGEUSDTM+0.0100%8h0.1000+0.045%$66.8M$50.1M75xas long as short
BingX DOGE-USDT+0.0100%8h0.1000+0.035%—$53.2M—as long as short
Backpack DOGE_USDC_PERP+0.0100%1h0.1001+0.055%$303K$1.3M15xas long as short
Variational Omni DOGE+0.0100%8h0.1001+0.092%$1.1M$8.7M—as long as short
edgeX DOGEUSDC+0.0100%4h0.1002+0.208%$304K$140.3M20xas long as short
GRVT DOGE_USDT_Perp+0.0100%8h0.1001+0.115%$631K$4.6M10xas long as short
ApeX Omni DOGEUSDT+0.0100%1h0.1002+0.205%$148K$340K25xas long as short
Orderly PERP_DOGE_USDC+0.0100%8h0.1000+0.025%$70K$476K50xas long as short
SunX DOGE-USDT+0.0100%8h0.1001+0.088%$35K$2.3M30xas long as short
SoDEX DOGE-USD+0.0100%1h0.1000+0.045%$2K$5.4M10xas long as short
HTX DOGE-USDT+0.0100%8h0.1001+0.118%$5.9M$68.9M75xas long as short
Phemex DOGEUSDTshort+0.0100%8h0.1001+0.055%$91.7M$17.1M50x
Paradex DOGE-USD-PERP+0.0100%8h0.1000+0.033%$18K$5K30xas long as short
Extended DOGE-USD+0.0104%1h0.09998−0.014%$488K$4.1M50xas long as short
Aevo DOGE-PERP+0.0104%1h0.1000+0.036%$19K—3xas long as short
Katana Perps DOGE-USD+0.0108%8h0.1000+0.035%$836$538K10xas long as short
Hyperliquid DOGE+0.0136%1h0.1001+0.145%$124.5M$116.6M10xas long as short
Reya DOGERUSDPERP+0.0198%1h0.1000+0.017%$2K—20xas long as short
BloFin DOGE-USDT+0.0220%8h0.1001+0.105%$16.2M$27.1M75xas long as short
Deribit DOGE_USDC-PERPETUAL+0.0240%1h0.1001+0.078%$574K$253K25xas long as short
Coinbase International DOGE-PERP-INTX+0.0240%1h0.1001+0.115%$1.9M$34.9M50xas long as short
GMX DOGE/USD [ETH-USDC]longL +0.0250% / S −0.0297%1h0.10000long leg$315K—200x
01 Exchange DOGEUSD+0.0272%1h0.1001+0.111%$445$4K10xas long as short
Arcus DOGE-USD+0.0387%1h0.1000+0.045%$18K$307K10xas long as short
RISEx DOGE/USDC+0.0626%1h0.1001+0.100%$403K$458K10xas long as short