Funding you earn now, next payment 06:00 UTC+0.0194%/8h= +21.2% APRpaid last 24h +0.044%
Price spread now: GMX against Phemex+0.101%7-day average +0.006% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.157%+$16 on $10k
+Price spread, last 4 days (all we have)−0.052%−$5 · spread now +0.101%, 7d avg +0.006%
=Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and GMX is 0.095% dearer against Phemex than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of +0.006%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex DOGEUSDT | 0.1001 | 0.0100 | pay 0.0100% / 8h | 2h 03m | $91.9M | $17.0M | 50x |
| Short | GMX DOGE/USD [ETH-USDC] | 0.1002 | L +0.0250% / S −0.0294% | get 0.0037% / 1h | 3m 59s | $316K | — | 200x |
Phemex DOGEUSDT
GMX DOGE/USD [ETH-USDC]Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX 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
- $40.71
- Price spread: +0.101% → +0.006%
- $9.52
- Slippage, 4 orders
- no order book: not counted
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- $26.23
- Costs to cover
- 0.240%
- Break-even
- 2.5 days
Slippage unknown: Phemex: live order book, 5 min ago; GMX: no order-book sample. 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 Phemex live order book, 5 min ago | 6.50 bp | 14.1 bp −$14 | 33.8 bp −$338 | doesn't fit | doesn't fit |
| Sell GMX no order-book sample | — | — | — | — | — |
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 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 | |
|---|---|---|---|---|---|---|---|---|
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.1000 | −0.030% | $598K | $6.5M | 2.8x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S 0.0000% | 1h | 0.1001 | +0.094% | $34K | — | 150x | as long as short |
| Kraken Futures PF_DOGEUSD | +0.0002% | 1h | 0.1001 | +0.045% | $5.6M | $40.2M | 50x | as long as short |
| dYdX DOGE-USD | +0.0025% | 1h | 0.1001 | +0.050% | $225K | $69K | 10x | as long as short |
| Polymarket Perps DOGE-USD | +0.0042% | 1h | 0.1001 | +0.010% | $269K | $1.2M | 10x | as long as short |
| Lighter DOGE | +0.0096% | 1h | 0.1001 | +0.099% | $855K | $6.8M | 15x | as long as short |
| Bitget DOGEUSDT | +0.0096% | 8h | 0.09997 | −0.080% | $142.8M | $343.3M | 75x | as long as short |
| Nado DOGE-PERP | +0.0100% | 1h | 0.1002 | +0.100% | $540K | $1.1M | 10x | as long as short |
| Aster DOGEUSDT | +0.0100% | 8h | 0.1001 | +0.020% | $4.4M | $58.1M | 75x | as long as short |
| Pacifica DOGE | +0.0100% | 1h | 0.1001 | +0.035% | $320K | $514K | 20x | as long as short |
Kalshi KXDOGEPERP
gTrade (Gains Network) DOGE/USD
Kraken Futures PF_DOGEUSD
dYdX DOGE-USD
Polymarket Perps DOGE-USD
Lighter DOGE
Bitget DOGEUSDT
Nado DOGE-PERP
Aster DOGEUSDT
Pacifica DOGEShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance DOGEUSDT | +0.0100% | 8h | 0.1001 | +0.015% | $328.8M | $1.70B | 75x | as long as short |
| Bybit DOGEUSDT | +0.0100% | 8h | 0.09999 | −0.060% | $165.5M | $519.8M | 75x | as long as short |
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.1000 | −0.020% | $118.1M | $1.19B | 50x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.09955 | −0.502% | $382K | $16K | 10x | as long as short |
| Gate DOGE_USDT | +0.0100% | 8h | 0.1001 | +0.010% | $248.6M | $155.2M | 75x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.1001 | +0.070% | $112.3M | $257.7M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.1001 | 0.000% | $66.5M | $50.0M | 75x | as long as short |
| BingX DOGE-USDC | +0.0100% | 8h | 0.1001 | +0.010% | — | $3.5M | — | as long as short |
| Backpack DOGE_USDC_PERP | +0.0100% | 1h | 0.1001 | +0.040% | $314K | $1.3M | 15x | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.1002 | +0.137% | $1.1M | $8.7M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.1001 | +0.088% | $314K | $139.8M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.1002 | +0.110% | $638K | $4.7M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.1002 | +0.150% | $150K | $346K | 25x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.1001 | +0.090% | $64K | $478K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.1001 | +0.078% | $19K | $7K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.1002 | +0.147% | $35K | $2.3M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.1001 | +0.030% | $2K | $5.3M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.1002 | +0.134% | $5.9M | $68.5M | 75x | as long as short |
| Phemex DOGEUSDTlong | +0.0100% | 8h | 0.1001 | long leg | $91.9M | $17.0M | 50x | |
| Paradex DOGE-USD-PERP | +0.0100% | 8h | 0.1000 | −0.005% | $18K | $5K | 30x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.1001 | +0.046% | $487K | $4.1M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.1001 | +0.092% | $19K | — | 3x | as long as short |
| Katana Perps DOGE-USD | +0.0110% | 8h | 0.1001 | +0.050% | $1K | $527K | 10x | as long as short |
| Hyperliquid DOGE | +0.0114% | 1h | 0.1002 | +0.130% | $124.1M | $116.2M | 10x | as long as short |
| Reya DOGERUSDPERP | +0.0195% | 1h | 0.1001 | +0.051% | $2K | — | 20x | as long as short |
| 01 Exchange DOGEUSD | +0.0200% | 1h | 0.1002 | +0.120% | $445 | $4K | 10x | as long as short |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.1001 | +0.090% | $15.9M | $27.1M | 75x | as long as short |
| Arcus DOGE-USD | +0.0231% | 1h | 0.1001 | +0.050% | $27K | $300K | 10x | as long as short |
| Phoenix DOGE | +0.0240% | 1h | 0.1000 | −0.029% | $18K | $382K | 10x | as long as short |
| Deribit DOGE_USDC-PERPETUAL | +0.0249% | 1h | 0.1002 | +0.133% | $575K | $252K | 25x | as long as short |
| GMX DOGE/USD [ETH-USDC]short | L +0.0250% / S −0.0294% | 1h | 0.1002 | +0.101% | $316K | — | 200x | |
| Coinbase International DOGE-PERP-INTX | +0.0304% | 1h | 0.1001 | +0.030% | $2.0M | $34.5M | 50x | as long as short |
| RISEx DOGE/USDC | +0.0686% | 1h | 0.1002 | +0.120% | $405K | $453K | 10x | as long as short |
| Injective DOGE/USDC PERP | +0.1217% | 1h | 0.1053 | +5.247% | $6K | $242K | 12x | as long as short |
Binance DOGEUSDT
Bybit DOGEUSDT
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
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
Katana Perps DOGE-USD
Hyperliquid DOGE
Reya DOGERUSDPERP
01 Exchange DOGEUSD
BloFin DOGE-USDT
Arcus DOGE-USD
Phoenix DOGE
Deribit DOGE_USDC-PERPETUAL
Coinbase International DOGE-PERP-INTX
RISEx DOGE/USDC
Injective DOGE/USDC PERP