Funding you earn now, next payment 01:00 UTC+0.0141%/8h= +15.5% APRpaid last 24h −0.012%
Price spread now: Phoenix against KuCoin+0.282%48s7-day average +0.047% · you sell dearer than you buy
Net, funding: paid 7d − costs−$61as 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−$450.447% of the position
Funding, last 7 days−0.167%−$17 on $10k
+Price spread, last 4 days (all we have)+0.395%+$40 · spread now +0.282%, 7d avg +0.047%
=Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Phoenix is 0.236% dearer against KuCoin than usual: you sell high and buy low: +$24 more if the spread goes back to its 7-day average of +0.047%. Mind the row above: over the last 7 days funding on this pair cost −0.167%, so the current rate has only just turned in your favour. The two prices were read 48 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 | KuCoin DOGEUSDTM | 0.09845 | 0.0100 | pay 0.0100% / 8h | 6h 38m | $65.3M | $43.0M | 75x |
| Short | Phoenix DOGE | 0.09873 | 0.0241 | get 0.0030% / 1h | 38m 36s | $64K | $284K | 10x |
KuCoin DOGEUSDTM
Phoenix DOGEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against KuCoin. 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: +0.282% → +0.047%
- $23.58
- Slippage, 4 orders
- −$25.7
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $8.53
- Costs to cover
- 0.447%
- Break-even
- 5.0 days
Slippage from KuCoin: live order book, 6 min ago; Phoenix: live order book, 24 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 KuCoin live order book, 6 min ago | 1.51 bp | 10.9 bp −$11 | 17.2 bp −$172 | 42.6 bp −$4,262 | doesn't fit |
| Sell Phoenix live order book, 24 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 | −0.0130% | 8h | 0.09837 | −0.081% | $149.2M | $273.8M | 75x | as long as short |
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.09848 | +0.036% | $386K | $5.0M | 2.8x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S 0.0000% | 1h | 0.09847 | +0.019% | $23K | — | 150x | as long as short |
| dYdX DOGE-USD | +0.0027% | 1h | 0.09846 | +0.009% | $221K | $51K | 10x | as long as short |
| Deribit DOGE_USDC-PERPETUAL | +0.0065% | 1h | 0.09852 | +0.071% | $589K | $119K | 25x | as long as short |
| Kraken Futures PF_DOGEUSD | +0.0067% | 1h | 0.09850 | +0.049% | $5.8M | $34.2M | 50x | as long as short |
| Lighter DOGE | +0.0096% | 1h | 0.09850 | +0.054% | $737K | $6.0M | 15x | as long as short |
| Katana Perps DOGE-USD | +0.0099% | 8h | 0.09842 | −0.030% | $1K | $432K | 10x | as long as short |
| Gate DOGE_USDT | +0.0099% | 8h | 0.09841 | −0.041% | $239.2M | $131.2M | 75x | as long as short |
| Nado DOGE-PERP | +0.0100% | 1h | 0.09855 | +0.102% | $478K | $981K | 10x | as long as short |
Bitget DOGEUSDT
Kalshi KXDOGEPERP
gTrade (Gains Network) DOGE/USD
dYdX DOGE-USD
Deribit DOGE_USDC-PERPETUAL
Kraken Futures PF_DOGEUSD
Lighter DOGE
Katana Perps DOGE-USD
Gate DOGE_USDT
Nado DOGE-PERPShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster DOGEUSDT | +0.0100% | 8h | 0.09849 | +0.041% | $4.6M | $48.2M | 75x | as long as short |
| Pacifica DOGE | +0.0100% | 1h | 0.09847 | +0.025% | $325K | $504K | 20x | as long as short |
| Binance DOGEUSDT | +0.0100% | 8h | 0.09844 | −0.007% | $312.0M | $1.44B | 75x | as long as short |
| Bybit DOGEUSDT | +0.0100% | 8h | 0.09844 | −0.010% | $156.5M | $445.1M | 75x | as long as short |
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.09846 | +0.010% | $108.5M | $971.5M | 50x | as long as short |
| Arcus DOGE-USD | +0.0100% | 1h | 0.09856 | +0.112% | $127K | $182K | 10x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.09990 | +1.471% | $383K | $5K | 10x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.09845 | 0.000% | $109.7M | $228.1M | 300x | as long as short |
| KuCoin DOGEUSDTMlong | +0.0100% | 8h | 0.09845 | long leg | $65.3M | $43.0M | 75x | |
| BingX DOGE-USDC | +0.0100% | 8h | 0.09840 | −0.051% | — | $3.4M | — | as long as short |
| Backpack DOGE_USDC_PERP | +0.0100% | 1h | 0.09852 | +0.071% | $341K | $1.1M | 15x | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.09845 | 0.000% | $971K | $8.2M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.09944 | +1.003% | $274K | $126.7M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.09850 | +0.053% | $618K | $4.5M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.09930 | +0.863% | $145K | $275K | 25x | as long as short |
| Polymarket Perps DOGE-USD | +0.0100% | 1h | 0.09845 | +0.004% | $254K | $642K | 10x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.09849 | +0.041% | $69K | $440K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.09849 | +0.040% | $24K | $1K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.09857 | +0.122% | $35K | $2.2M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.09855 | +0.102% | $2K | $3.7M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.09849 | +0.045% | $5.9M | $54.9M | 75x | as long as short |
| Phemex DOGEUSDT | +0.0100% | 8h | 0.09849 | +0.041% | $90.8M | $17.9M | 50x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.09841 | −0.038% | $521K | $3.9M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.09855 | +0.103% | $19K | — | 3x | as long as short |
| Paradex DOGE-USD-PERP | +0.0114% | 8h | 0.09845 | −0.003% | $18K | $6K | 30x | as long as short |
| Reya DOGERUSDPERP | +0.0184% | 1h | 0.09851 | +0.065% | $2K | — | 20x | as long as short |
| 01 Exchange DOGEUSD | +0.0184% | 1h | 0.09842 | −0.034% | $525 | $4K | 10x | as long as short |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.09978 | +1.351% | $15.4M | $25.6M | 75x | as long as short |
| Coinbase International DOGE-PERP-INTX | +0.0240% | 1h | 0.09862 | +0.173% | $2.0M | $24.9M | 50x | as long as short |
| Phoenix DOGEshort | +0.0241% | 1h | 0.09873 | +0.282% | $64K | $284K | 10x | |
| GMX DOGE/USD [ETH-USDC] | L +0.0244% / S −0.0267% | 1h | 0.09846 | +0.013% | $306K | — | 200x | as long as short |
| RISEx DOGE/USDC | +0.0563% | 1h | 0.09846 | +0.015% | $317K | $405K | 10x | as long as short |
| Hyperliquid DOGE | +0.0679% | 1h | 0.09860 | +0.152% | $119.6M | $96.9M | 10x | as long as short |
| Injective DOGE/USDC PERP | +0.1004% | 1h | 0.09890 | +0.457% | $5K | $239K | 12x | as long as short |
Aster DOGEUSDT
Pacifica DOGE
Binance DOGEUSDT
Bybit DOGEUSDT
OKX DOGE-USDT-SWAP
Arcus DOGE-USD
Bulk DOGE-USD
MEXC DOGE_USDT
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
BloFin DOGE-USDT
Coinbase International DOGE-PERP-INTX
GMX DOGE/USD [ETH-USDC]
RISEx DOGE/USDC
Hyperliquid DOGE
Injective DOGE/USDC PERP