Funding you earn now, next payment 01:00 UTC+0.0141%/8h= +15.5% APRpaid last 24h −0.012%
Price spread now: Phoenix against HTX+0.334%72s7-day average +0.002% · you sell dearer than you buy
Net, funding: paid 7d − costs−$64as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$410.409% of the position
Funding, last 7 days−0.230%−$23 on $10k
+Price spread, last 3 days (all we have)−0.310%−$31 · spread now +0.334%, 7d avg +0.002%
=Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Phoenix is 0.331% dearer against HTX than usual: you sell high and buy low: +$33 more if the spread goes back to its 7-day average of +0.002%. Mind the row above: over the last 7 days funding on this pair cost −0.230%, so the current rate has only just turned in your favour. The two prices were read 72 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 | HTX DOGE-USDT | 0.09947 | 0.0100 | pay 0.0100% / 8h | 6h 45m | $6.0M | $54.3M | 75x |
| Short | Phoenix DOGE | 0.09980 | 0.0241 | get 0.0030% / 1h | 45m 36s | $65K | $284K | 10x |
HTX DOGE-USDT
Phoenix DOGEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against HTX. 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
- $29.65
- Price spread: +0.334% → +0.002%
- $33.14
- Slippage, 4 orders
- −$21.92
- Fee HTX: 6 bp × 2 orders
- −$12
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $21.87
- Costs to cover
- 0.409%
- Break-even
- 1.8 days
Slippage from HTX: live order book, 4 min ago; Phoenix: live order book, 17 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 HTX live order book, 4 min ago | 0.85 bp | 7.3 bp −$7 | 9.8 bp −$98 | 44.5 bp −$4,450 | doesn't fit |
| Sell Phoenix live order book, 17 min ago | 1.00 bp | 12.3 bp −$12 | 43.1 bp −$431 | 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 | −0.0139% | 8h | 0.09937 | −0.098% | $150.9M | $273.0M | 75x | as long as short |
| dYdX DOGE-USD | 0.0000% | 1h | 0.09934 | −0.125% | $223K | $59K | 10x | as long as short |
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.09948 | +0.017% | $409K | $4.9M | 2.8x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S 0.0000% | 1h | 0.09943 | −0.042% | $23K | — | 150x | as long as short |
| Deribit DOGE_USDC-PERPETUAL | +0.0032% | 1h | 0.09946 | −0.008% | $594K | $119K | 25x | as long as short |
| Kraken Futures PF_DOGEUSD | +0.0067% | 1h | 0.09941 | −0.058% | $5.8M | $34.0M | 50x | as long as short |
| Lighter DOGE | +0.0096% | 1h | 0.09944 | −0.024% | $764K | $5.9M | 15x | as long as short |
| Katana Perps DOGE-USD | +0.0098% | 8h | 0.09945 | −0.017% | $831 | $429K | 10x | as long as short |
| Nado DOGE-PERP | +0.0100% | 1h | 0.09948 | +0.013% | $488K | $976K | 10x | as long as short |
| Aster DOGEUSDT | +0.0100% | 8h | 0.09937 | −0.093% | $4.6M | $47.8M | 75x | as long as short |
Bitget DOGEUSDT
dYdX DOGE-USD
Kalshi KXDOGEPERP
gTrade (Gains Network) DOGE/USD
Deribit DOGE_USDC-PERPETUAL
Kraken Futures PF_DOGEUSD
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 | 0.09942 | −0.042% | $328K | $503K | 20x | as long as short |
| Binance DOGEUSDT | +0.0100% | 8h | 0.09943 | −0.041% | $316.1M | $1.42B | 75x | as long as short |
| Bybit DOGEUSDT | +0.0100% | 8h | 0.09950 | +0.033% | $157.9M | $441.9M | 75x | as long as short |
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.09950 | +0.033% | $109.1M | $971.9M | 50x | as long as short |
| Arcus DOGE-USD | +0.0100% | 1h | 0.09958 | +0.114% | $128K | $181K | 10x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.09990 | +0.434% | $383K | $5K | 10x | as long as short |
| Gate DOGE_USDT | +0.0100% | 8h | 0.09942 | −0.047% | $240.7M | $129.9M | 75x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.09948 | +0.013% | $110.9M | $225.8M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.09948 | +0.013% | $65.2M | $42.7M | 75x | as long as short |
| BingX DOGE-USDC | +0.0100% | 8h | 0.09951 | +0.043% | — | $3.4M | — | as long as short |
| Backpack DOGE_USDC_PERP | +0.0100% | 1h | 0.09940 | −0.067% | $351K | $1.1M | 15x | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.09951 | +0.043% | $969K | $8.2M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.09983 | +0.366% | $268K | $127.0M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.09976 | +0.295% | $637K | $4.5M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.09990 | +0.435% | $146K | $274K | 25x | as long as short |
| Polymarket Perps DOGE-USD | +0.0100% | 1h | 0.09945 | −0.021% | $256K | $640K | 10x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.09945 | −0.017% | $70K | $438K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.09945 | −0.021% | $24K | $1K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.09946 | −0.004% | $35K | $2.2M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.09944 | −0.027% | $2K | $3.7M | 10x | as long as short |
| HTX DOGE-USDTlong | +0.0100% | 8h | 0.09947 | long leg | $6.0M | $54.3M | 75x | |
| Phemex DOGEUSDT | +0.0100% | 8h | 0.09946 | −0.007% | $91.7M | $17.9M | 50x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.09943 | −0.033% | $526K | $3.9M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.09946 | −0.009% | $19K | — | 3x | as long as short |
| Paradex DOGE-USD-PERP | +0.0117% | 8h | 0.09939 | −0.073% | $18K | $7K | 30x | as long as short |
| Reya DOGERUSDPERP | +0.0183% | 1h | 0.09947 | +0.002% | $2K | — | 20x | as long as short |
| 01 Exchange DOGEUSD | +0.0192% | 1h | 0.09948 | +0.010% | $530 | $4K | 10x | as long as short |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.09978 | +0.315% | $15.4M | $25.6M | 75x | as long as short |
| Coinbase International DOGE-PERP-INTX | +0.0240% | 1h | 0.09970 | +0.234% | $2.0M | $24.9M | 50x | as long as short |
| Phoenix DOGEshort | +0.0241% | 1h | 0.09980 | +0.334% | $65K | $284K | 10x | |
| GMX DOGE/USD [ETH-USDC] | L +0.0246% / S −0.0268% | 1h | 0.09941 | −0.053% | $311K | — | 200x | as long as short |
| RISEx DOGE/USDC | +0.0563% | 1h | 0.09950 | +0.038% | $320K | $406K | 10x | as long as short |
| Hyperliquid DOGE | +0.0697% | 1h | 0.09949 | +0.022% | $120.9M | $97.0M | 10x | as long as short |
| Injective DOGE/USDC PERP | +0.1004% | 1h | 0.1001 | +0.636% | $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
Phemex DOGEUSDT
Extended DOGE-USD
Aevo DOGE-PERP
Paradex DOGE-USD-PERP
Reya DOGERUSDPERP
01 Exchange DOGEUSD
BloFin DOGE-USDT
Coinbase International DOGE-PERP-INTX
GMX DOGE/USD [ETH-USDC]
RISEx DOGE/USDC
Hyperliquid DOGE
Injective DOGE/USDC PERP