Funding you earn now, next payment 08:00 UTC−0.0025%/8h= −2.7% APRnext payment −$0.25 per $10,000 · paid last 24h 0.000%
Price spread now: Phemex against Katana Perps+0.172%7-day average +0.031% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)+0.028%+$3 on $10k
+Price spread, last 4 days (all we have)−0.153%−$15 · spread now +0.172%, 7d avg +0.031%
=The price spread pays, funding is against you. Phemex is 0.141% dearer against Katana Perps than usual: you sell high and buy low (spread +0.172% now, against its 7-day average of +0.031%): +$14 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 19 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Katana Perps DOGE-USD | 0.1047 | 0.0125 | pay 0.0125% / 8h | 3h 43m | $1K | $485K | 10x |
| Short | Phemex DOGEUSDT | 0.1049 | 0.0100 | get 0.0100% / 8h | 3h 43m | $96.5M | $17.1M | 50x |
Katana Perps DOGE-USD
Phemex DOGEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against Katana Perps. 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
- −$5.21
- Price spread: +0.172% → +0.031%
- $14.11
- Slippage, 4 orders
- no order book: not counted
- Fee Katana Perps: 1.9 bp × 2 orders
- −$3.8
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$6.9
- Costs to cover
- 0.158%
- Break-even
- never at this rate
Slippage unknown: Katana Perps: no order-book sample; Phemex: live order book, 6 min ago. Net counts fees only.
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 Katana Perps no order-book sample | — | — | — | — | — |
| Sell Phemex live order book, 6 min ago | 12.44 bp | 19.2 bp −$19 | 43.6 bp −$436 | doesn't fit | doesn't fit |
Katana Perps: 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 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX DOGE-USD | 0.0000% | 1h | 0.1048 | +0.085% | $235K | $70K | 10x | as long as short |
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.1049 | +0.142% | $733K | $6.1M | 2.8x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S 0.0000% | 1h | 0.1047 | −0.017% | $25K | — | 150x | as long as short |
| Bitget DOGEUSDT | +0.0014% | 8h | 0.1049 | +0.162% | $141.8M | $308.8M | 75x | as long as short |
| Lighter DOGE | +0.0096% | 1h | 0.1050 | +0.222% | $749K | $6.4M | 15x | as long as short |
| Nado DOGE-PERP | +0.0100% | 1h | 0.1049 | +0.158% | $569K | $1.1M | 10x | as long as short |
| Aster DOGEUSDT | +0.0100% | 8h | 0.1049 | +0.193% | $5.0M | $53.3M | 75x | as long as short |
| Pacifica DOGE | +0.0100% | 1h | 0.1049 | +0.109% | $339K | $510K | 20x | as long as short |
| Binance DOGEUSDT | +0.0100% | 8h | 0.1049 | +0.166% | $348.7M | $1.57B | 75x | as long as short |
| Bybit DOGEUSDT | +0.0100% | 8h | 0.1049 | +0.191% | $173.5M | $487.2M | 75x | as long as short |
dYdX DOGE-USD
Kalshi KXDOGEPERP
gTrade (Gains Network) DOGE/USD
Bitget DOGEUSDT
Lighter DOGE
Nado DOGE-PERP
Aster DOGEUSDT
Pacifica DOGE
Binance DOGEUSDT
Bybit DOGEUSDTShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.1050 | +0.210% | $120.3M | $1.15B | 50x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.1048 | +0.090% | $403K | $16K | 10x | as long as short |
| Gate DOGE_USDT | +0.0100% | 8h | 0.1049 | +0.134% | $259.2M | $141.8M | 75x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.1050 | +0.210% | $117.7M | $240.1M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.1050 | +0.220% | $69.0M | $47.4M | 75x | as long as short |
| BingX DOGE-USDC | +0.0100% | 8h | 0.1047 | +0.010% | — | $3.5M | — | as long as short |
| Backpack DOGE_USDC_PERP | +0.0100% | 1h | 0.1049 | +0.134% | $354K | $1.2M | 15x | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.1044 | −0.309% | $1.2M | $8.4M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.1045 | −0.206% | $335K | $134.5M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.1048 | +0.073% | $664K | $4.5M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.1048 | +0.057% | $164K | $318K | 25x | as long as short |
| Polymarket Perps DOGE-USD | +0.0100% | 1h | 0.1048 | +0.095% | $269K | $889K | 10x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.1048 | +0.105% | $74K | $444K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.1049 | +0.124% | $26K | $1K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.1049 | +0.184% | $37K | $2.2M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.1049 | +0.143% | $2K | $4.9M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.1048 | +0.053% | $6.2M | $63.3M | 75x | as long as short |
| Phemex DOGEUSDTshort | +0.0100% | 8h | 0.1049 | +0.172% | $96.5M | $17.1M | 50x | |
| Paradex DOGE-USD-PERP | +0.0103% | 8h | 0.1048 | +0.065% | $19K | $7K | 30x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.1048 | +0.063% | $504K | $4.1M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.1049 | +0.138% | $20K | — | 3x | as long as short |
| Katana Perps DOGE-USDlong | +0.0125% | 8h | 0.1047 | long leg | $1K | $485K | 10x | |
| Reya DOGERUSDPERP | +0.0191% | 1h | 0.1049 | +0.179% | $2K | — | 20x | as long as short |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.1049 | +0.181% | $16.5M | $27.5M | 75x | as long as short |
| Phoenix DOGE | +0.0235% | 1h | 0.1045 | −0.262% | $19K | $292K | 10x | as long as short |
| Kraken Futures PF_DOGEUSD | +0.0240% | 1h | 0.1049 | +0.120% | $5.6M | $37.8M | 50x | as long as short |
| 01 Exchange DOGEUSD | +0.0256% | 1h | 0.1049 | +0.127% | $466 | $4K | 10x | as long as short |
| GMX DOGE/USD [ETH-USDC] | L +0.0261% / S −0.0320% | 1h | 0.1048 | +0.021% | $346K | — | 200x | as long as short |
| Coinbase International DOGE-PERP-INTX | +0.0304% | 1h | 0.1050 | +0.220% | $2.2M | $32.2M | 50x | as long as short |
| Deribit DOGE_USDC-PERPETUAL | +0.0465% | 1h | 0.1049 | +0.176% | $592K | $242K | 25x | as long as short |
| Hyperliquid DOGE | +0.0570% | 1h | 0.1050 | +0.286% | $130.5M | $107.7M | 10x | as long as short |
| Arcus DOGE-USD | +0.0634% | 1h | 0.1049 | +0.181% | $114K | $200K | 10x | as long as short |
| RISEx DOGE/USDC | +0.0728% | 1h | 0.1048 | +0.083% | $423K | $426K | 10x | as long as short |
| Injective DOGE/USDC PERP | +0.1062% | 1h | 0.1053 | +0.535% | $6K | $242K | 12x | as long as short |
OKX DOGE-USDT-SWAP
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
Paradex DOGE-USD-PERP
Extended DOGE-USD
Aevo DOGE-PERP
Reya DOGERUSDPERP
BloFin DOGE-USDT
Phoenix DOGE
Kraken Futures PF_DOGEUSD
01 Exchange DOGEUSD
GMX DOGE/USD [ETH-USDC]
Coinbase International DOGE-PERP-INTX
Deribit DOGE_USDC-PERPETUAL
Hyperliquid DOGE
Arcus DOGE-USD
RISEx DOGE/USDC
Injective DOGE/USDC PERP