Funding you earn now, next payment 22:00 UTC+0.0116%/8h= +12.7% APRpaid last 24h +0.019%
Price spread now: Coinbase International against Phemex+0.040%7-day average +0.012% · you sell dearer than you buy
Net, funding: paid 7d − costs−$54as in the Funding arb table
Net, price: spread back to 7d avg − costs−$44as in the Price arb table
costs, in and out, $10k−$470.466% of the position
Funding, last 7 days−0.070%−$7 on $10k
+Price spread, last 3 days (all we have)−0.036%−$4 · spread now +0.040%, 7d avg +0.012%
=Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Coinbase International is 0.028% dearer against Phemex than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.012%. Mind the row above: over the last 7 days funding on this pair cost −0.070%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex DOGEUSDT | 0.1003 | 0.0100 | pay 0.0100% / 8h | 1h 46m | $92.9M | $19.1M | 50x |
| Short | Coinbase International DOGE-PERP-INTX | 0.1003 | 0.0216 | get 0.0027% / 1h | 46m 33s | $2.0M | $22.9M | 50x |
Phemex DOGEUSDT
Coinbase International DOGE-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against Phemex. 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
- $24.36
- Price spread: +0.040% → +0.012%
- $2.76
- Slippage, 4 orders
- −$24.62
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$19.5
- Costs to cover
- 0.466%
- Break-even
- 12.6 days
Slippage from Phemex: live order book, 3 min ago; Coinbase International: live order book, 3 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 Phemex live order book, 3 min ago | 1.00 bp | 11.6 bp −$12 | 16.2 bp −$162 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 3 min ago | 1.49 bp | 10.2 bp −$10 | 16.6 bp −$166 | 45.2 bp −$4,521 | 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 | −0.0273% | 8h | 0.1002 | −0.120% | $153.2M | $262.1M | 75x | as long as short |
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.1003 | +0.052% | $378K | $4.4M | 2.8x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S −0.0001% | 1h | 0.1003 | +0.027% | $32K | — | 150x | as long as short |
| dYdX DOGE-USD | +0.0017% | 1h | 0.1003 | −0.035% | $225K | $44K | 10x | as long as short |
| Deribit DOGE_USDC-PERPETUAL | +0.0019% | 1h | 0.1003 | +0.013% | $627K | $105K | 25x | as long as short |
| Phoenix DOGE | +0.0081% | 1h | 0.1005 | +0.178% | $15K | $222K | 10x | as long as short |
| Gate DOGE_USDT | +0.0092% | 8h | 0.1002 | −0.070% | $241.2M | $121.1M | 75x | as long as short |
| Lighter DOGE | +0.0096% | 1h | 0.1003 | +0.037% | $785K | $5.3M | 15x | as long as short |
| Katana Perps DOGE-USD | +0.0096% | 8h | 0.1003 | 0.000% | $1K | $355K | 10x | as long as short |
| Nado DOGE-PERP | +0.0100% | 1h | 0.1004 | +0.135% | $701K | $770K | 10x | as long as short |
Bitget DOGEUSDT
Kalshi KXDOGEPERP
gTrade (Gains Network) DOGE/USD
dYdX DOGE-USD
Deribit DOGE_USDC-PERPETUAL
Phoenix DOGE
Gate DOGE_USDT
Lighter DOGE
Katana Perps DOGE-USD
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 | 0.1003 | −0.010% | $5.0M | $41.4M | 75x | as long as short |
| Pacifica DOGE | +0.0100% | 1h | 0.1003 | +0.040% | $336K | $497K | 20x | as long as short |
| Binance DOGEUSDT | +0.0100% | 8h | 0.1003 | +0.005% | $319.3M | $1.28B | 75x | as long as short |
| Bybit DOGEUSDT | +0.0100% | 8h | 0.1002 | −0.060% | $161.8M | $405.2M | 75x | as long as short |
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.1003 | −0.020% | $109.5M | $908.5M | 50x | as long as short |
| Arcus DOGE-USD | +0.0100% | 1h | 0.1003 | +0.050% | $28K | $76K | 10x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.1003 | +0.010% | $384K | $14K | 10x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.1003 | −0.010% | $109.5M | $214.3M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.1004 | +0.100% | $65.9M | $39.4M | 75x | as long as short |
| BingX DOGE-USDT | +0.0100% | 8h | 0.1003 | −0.040% | — | $73.8M | — | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.1002 | −0.093% | $933K | $7.8M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.1003 | −0.018% | $275K | $113.0M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.1003 | −0.039% | $631K | $4.6M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.1004 | +0.110% | $145K | $239K | 25x | as long as short |
| Polymarket Perps DOGE-USD | +0.0100% | 1h | 0.1005 | +0.199% | $272K | $533K | 10x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.1003 | +0.030% | $72K | $417K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.1003 | +0.039% | $25K | $1K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.1004 | +0.152% | $36K | $2.2M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.1003 | +0.010% | $2K | $3.5M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.1003 | −0.006% | $6.0M | $48.6M | 75x | as long as short |
| Phemex DOGEUSDTlong | +0.0100% | 8h | 0.1003 | long leg | $92.9M | $19.1M | 50x | |
| Paradex DOGE-USD-PERP | +0.0100% | 8h | 0.1003 | −0.033% | $18K | $5K | 30x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.1002 | −0.051% | $559K | $3.6M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.1003 | +0.035% | $19K | — | 3x | as long as short |
| Reya DOGERUSDPERP | +0.0176% | 1h | 0.1004 | +0.097% | $2K | — | 20x | as long as short |
| 01 Exchange DOGEUSD | +0.0184% | 1h | 0.1003 | +0.030% | $530 | $4K | 10x | as long as short |
| Coinbase International DOGE-PERP-INTXshort | +0.0216% | 1h | 0.1003 | +0.040% | $2.0M | $22.9M | 50x | |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.1003 | +0.040% | $15.2M | $24.2M | 75x | as long as short |
| GMX DOGE/USD [ETH-USDC] | L +0.0245% / S −0.0267% | 1h | 0.1003 | +0.024% | $312K | — | 200x | as long as short |
| Kraken Futures PF_DOGEUSD | +0.0363% | 1h | 0.1003 | −0.009% | $6.0M | $32.0M | 50x | as long as short |
| Backpack DOGE_USDC_PERP | +0.0371% | 1h | 0.1004 | +0.070% | $530K | $934K | 15x | as long as short |
| Hyperliquid DOGE | +0.0403% | 1h | 0.1005 | +0.209% | $110.5M | $81.0M | 10x | as long as short |
| RISEx DOGE/USDC | +0.0702% | 1h | 0.1004 | +0.061% | $315K | $473K | 10x | as long as short |
| Injective DOGE/USDC PERP | +0.0966% | 1h | 0.1008 | +0.509% | $5K | $207K | 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
KuCoin DOGEUSDTM
BingX DOGE-USDT
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
01 Exchange DOGEUSD
BloFin DOGE-USDT
GMX DOGE/USD [ETH-USDC]
Kraken Futures PF_DOGEUSD
Backpack DOGE_USDC_PERP
Hyperliquid DOGE
RISEx DOGE/USDC
Injective DOGE/USDC PERP