Funding you earn now, next payment 08:00 UTC+0.0020%/8h= +2.2% APRnext payment +$0.20 per $10,000 · paid last 24h 0.000%
Price spread now: Katana Perps against Phemex−0.147%7-day average −0.031% · you buy dearer than you sell
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)+0.128%+$13 · spread now −0.147%, 7d avg −0.031%
=Funding pays, the price is against you. Katana Perps is 0.116% cheaper against Phemex than usual: you would sell low and buy high (spread −0.147% now, against its 7-day average of −0.031%). If the spread goes back, that is −$12 on $10k: about 19 days of funding at the current rate (+$1 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex DOGEUSDT | 0.1022 | 0.0100 | pay 0.0100% / 8h | 3h 16m | $93.9M | $17.0M | 50x |
| Short | Katana Perps DOGE-USD | 0.1020 | 0.0120 | get 0.0120% / 8h | 3h 16m | $1K | $503K | 10x |
Phemex DOGEUSDT
Katana Perps DOGE-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Katana Perps 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
- $4.27
- Price spread: −0.147% → −0.031%
- −$11.61
- Slippage, 4 orders
- no order book: not counted
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Katana Perps: 1.9 bp × 2 orders
- −$3.8
- Net
- −$23.14
- Costs to cover
- 0.158%
- Break-even
- 44.9 days
Slippage unknown: Phemex: live order book, 3 min ago; Katana Perps: 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, 3 min ago | 5.38 bp | 12.4 bp −$12 | 25.8 bp −$258 | doesn't fit | doesn't fit |
| Sell Katana Perps no order-book sample | — | — | — | — | — |
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 | |
|---|---|---|---|---|---|---|---|---|
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.1022 | +0.034% | $692K | $6.3M | 2.8x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S 0.0000% | 1h | 0.1022 | +0.032% | $24K | — | 150x | as long as short |
| dYdX DOGE-USD | +0.0021% | 1h | 0.1019 | −0.216% | $229K | $70K | 10x | as long as short |
| Bitget DOGEUSDT | +0.0074% | 8h | 0.1020 | −0.186% | $133.2M | $316.9M | 75x | as long as short |
| Lighter DOGE | +0.0096% | 1h | 0.1020 | −0.120% | $754K | $6.5M | 15x | as long as short |
| Nado DOGE-PERP | +0.0100% | 1h | 0.1019 | −0.210% | $558K | $1.1M | 10x | as long as short |
| Aster DOGEUSDT | +0.0100% | 8h | 0.1020 | −0.153% | $4.9M | $54.8M | 75x | as long as short |
| Pacifica DOGE | +0.0100% | 1h | 0.1020 | −0.138% | $325K | $519K | 20x | as long as short |
| Binance DOGEUSDT | +0.0100% | 8h | 0.1020 | −0.176% | $335.9M | $1.62B | 75x | as long as short |
| Bybit DOGEUSDT | +0.0100% | 8h | 0.1019 | −0.215% | $166.3M | $499.9M | 75x | as long as short |
Kalshi KXDOGEPERP
gTrade (Gains Network) DOGE/USD
dYdX 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 | 0.1019 | −0.196% | $116.1M | $1.15B | 50x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.1029 | +0.783% | $395K | $16K | 10x | as long as short |
| Gate DOGE_USDT | +0.0100% | 8h | 0.1020 | −0.157% | $252.0M | $146.4M | 75x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.1021 | −0.098% | $116.0M | $246.1M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.1019 | −0.215% | $67.0M | $48.3M | 75x | as long as short |
| BingX DOGE-USDT | +0.0100% | 8h | 0.1020 | −0.127% | — | $79.4M | — | as long as short |
| Backpack DOGE_USDC_PERP | +0.0100% | 1h | 0.1021 | −0.078% | $346K | $1.2M | 15x | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.1023 | +0.134% | $1.1M | $8.4M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.1024 | +0.209% | $329K | $136.3M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.1024 | +0.201% | $645K | $4.5M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.1023 | +0.147% | $154K | $330K | 25x | as long as short |
| Polymarket Perps DOGE-USD | +0.0100% | 1h | 0.1019 | −0.225% | $260K | $1.0M | 10x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.1022 | +0.078% | $69K | $468K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.1022 | +0.071% | $19K | $1K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.1023 | +0.114% | $36K | $2.3M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.1022 | +0.078% | $2K | $5.1M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.1022 | +0.079% | $6.0M | $65.5M | 75x | as long as short |
| Phemex DOGEUSDTlong | +0.0100% | 8h | 0.1022 | long leg | $93.9M | $17.0M | 50x | |
| Paradex DOGE-USD-PERP | +0.0100% | 8h | 0.1020 | −0.124% | $18K | $5K | 30x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.1020 | −0.145% | $491K | $4.1M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.1022 | +0.066% | $20K | — | 3x | as long as short |
| Katana Perps DOGE-USDshort | +0.0120% | 8h | 0.1020 | −0.147% | $1K | $503K | 10x | |
| Reya DOGERUSDPERP | +0.0192% | 1h | 0.1019 | −0.208% | $2K | — | 20x | as long as short |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.1021 | −0.039% | $16.6M | $27.0M | 75x | as long as short |
| Phoenix DOGE | +0.0235% | 1h | 0.1024 | +0.261% | $19K | $292K | 10x | as long as short |
| Kraken Futures PF_DOGEUSD | +0.0246% | 1h | 0.1022 | +0.050% | $5.5M | $39.1M | 50x | as long as short |
| GMX DOGE/USD [ETH-USDC] | L +0.0256% / S −0.0309% | 1h | 0.1022 | +0.036% | $330K | — | 200x | as long as short |
| 01 Exchange DOGEUSD | +0.0256% | 1h | 0.1020 | −0.117% | $454 | $4K | 10x | as long as short |
| Coinbase International DOGE-PERP-INTX | +0.0304% | 1h | 0.1023 | +0.117% | $2.2M | $33.5M | 50x | as long as short |
| Deribit DOGE_USDC-PERPETUAL | +0.0337% | 1h | 0.1023 | +0.122% | $580K | $247K | 25x | as long as short |
| Hyperliquid DOGE | +0.0472% | 1h | 0.1020 | −0.147% | $127.3M | $111.0M | 10x | as long as short |
| Arcus DOGE-USD | +0.0634% | 1h | 0.1021 | −0.078% | $111K | $204K | 10x | as long as short |
| RISEx DOGE/USDC | +0.0728% | 1h | 0.1020 | −0.103% | $412K | $428K | 10x | as long as short |
| Injective DOGE/USDC PERP | +0.1062% | 1h | 0.1053 | +3.084% | $6K | $242K | 12x | as long as short |
OKX DOGE-USDT-SWAP
Bulk DOGE-USD
Gate DOGE_USDT
MEXC DOGE_USDT
KuCoin DOGEUSDTM
BingX DOGE-USDT
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
GMX DOGE/USD [ETH-USDC]
01 Exchange DOGEUSD
Coinbase International DOGE-PERP-INTX
Deribit DOGE_USDC-PERPETUAL
Hyperliquid DOGE
Arcus DOGE-USD
RISEx DOGE/USDC
Injective DOGE/USDC PERP