Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.001%
Price spread now: Orderly against Phemex+0.010%7-day average −0.027% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.053%−$5 on $10k
+Price spread, last 4 days (all we have)−0.012%−$1 · spread now +0.010%, 7d avg −0.027%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Orderly is 0.037% dearer against Phemex than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.027%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex DOGEUSDT | 0.1000 | 0.0100 | pay 0.0100% / 8h | 1h 23m | $91.8M | $16.9M | 50x |
| Short | Orderly PERP_DOGE_USDC | 0.1001 | 0.0100 | get 0.0100% / 8h | 1h 23m | $66K | $467K | 50x |
Phemex DOGEUSDT
Orderly PERP_DOGE_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly 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
- $0
- Price spread: +0.010% → −0.027%
- $3.73
- Slippage, 4 orders
- no order book: not counted
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$14.27
- Costs to cover
- 0.180%
- Break-even
- never at this rate
Slippage unknown: Phemex: live order book, 6 min ago; Orderly: 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, 6 min ago | 0.50 bp | 13.2 bp −$13 | 18.8 bp −$188 | doesn't fit | doesn't fit |
| Sell Orderly no order-book sample | — | — | — | — | — |
Orderly: 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_DOGEUSD | −0.0082% | 1h | 0.1001 | +0.048% | $5.6M | $40.5M | 50x | as long as short |
| dYdX DOGE-USD | 0.0000% | 1h | 0.1000 | −0.039% | $225K | $69K | 10x | as long as short |
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.1000 | −0.018% | $612K | $6.6M | 2.8x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S 0.0000% | 1h | 0.1000 | −0.013% | $36K | — | 150x | as long as short |
| Injective DOGE/USDC PERP | +0.0033% | 1h | 0.1053 | +5.258% | $6K | $242K | 12x | as long as short |
| Polymarket Perps DOGE-USD | +0.0046% | 1h | 0.09991 | −0.132% | $262K | $1.2M | 10x | as long as short |
| Bitget DOGEUSDT | +0.0058% | 8h | 0.09993 | −0.110% | $141.9M | $344.3M | 75x | as long as short |
| Phoenix DOGE | +0.0080% | 1h | 0.1002 | +0.169% | $18K | $382K | 10x | as long as short |
| Lighter DOGE | +0.0096% | 1h | 0.1001 | +0.071% | $847K | $6.8M | 15x | as long as short |
| Nado DOGE-PERP | +0.0100% | 1h | 0.09999 | −0.055% | $540K | $1.1M | 10x | as long as short |
Kraken Futures PF_DOGEUSD
dYdX DOGE-USD
Kalshi KXDOGEPERP
gTrade (Gains Network) DOGE/USD
Injective DOGE/USDC PERP
Polymarket Perps DOGE-USD
Bitget DOGEUSDT
Phoenix DOGE
Lighter DOGE
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 | 0.1000 | +0.002% | $4.5M | $58.5M | 75x | as long as short |
| Pacifica DOGE | +0.0100% | 1h | 0.1000 | −0.020% | $320K | $500K | 20x | as long as short |
| Binance DOGEUSDT | +0.0100% | 8h | 0.1000 | +0.002% | $329.4M | $1.71B | 75x | as long as short |
| Bybit DOGEUSDT | +0.0100% | 8h | 0.09998 | −0.060% | $165.3M | $520.9M | 75x | as long as short |
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.1000 | −0.030% | $117.6M | $1.21B | 50x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.09990 | −0.140% | $384K | $16K | 10x | as long as short |
| Gate DOGE_USDT | +0.0100% | 8h | 0.1000 | −0.040% | $250.1M | $156.7M | 75x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.1000 | 0.000% | $111.2M | $258.2M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.1000 | 0.000% | $66.7M | $50.1M | 75x | as long as short |
| BingX DOGE-USDC | +0.0100% | 8h | 0.1000 | −0.030% | — | $3.5M | — | as long as short |
| Backpack DOGE_USDC_PERP | +0.0100% | 1h | 0.1000 | 0.000% | $302K | $1.3M | 15x | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.1001 | +0.097% | $1.1M | $8.7M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.1000 | −0.036% | $303K | $140.1M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.1001 | +0.041% | $631K | $4.7M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.1000 | −0.040% | $150K | $338K | 25x | as long as short |
| Orderly PERP_DOGE_USDCshort | +0.0100% | 8h | 0.1001 | +0.010% | $66K | $467K | 50x | |
| Derive DOGE-PERP | +0.0100% | 1h | 0.09967 | −0.373% | $19K | $7K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.1001 | +0.044% | $35K | $2.3M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.1001 | +0.040% | $2K | $5.4M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.09991 | −0.127% | $5.9M | $68.8M | 75x | as long as short |
| Phemex DOGEUSDTlong | +0.0100% | 8h | 0.1000 | long leg | $91.8M | $16.9M | 50x | |
| Paradex DOGE-USD-PERP | +0.0100% | 8h | 0.1000 | −0.035% | $18K | $5K | 30x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.1000 | −0.025% | $488K | $4.1M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.1001 | +0.024% | $19K | — | 3x | as long as short |
| Katana Perps DOGE-USD | +0.0108% | 8h | 0.09994 | −0.100% | $835 | $536K | 10x | as long as short |
| Hyperliquid DOGE | +0.0133% | 1h | 0.1001 | +0.070% | $124.3M | $116.4M | 10x | as long as short |
| Reya DOGERUSDPERP | +0.0197% | 1h | 0.09995 | −0.087% | $2K | — | 20x | as long as short |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.1000 | −0.020% | $16.2M | $27.1M | 75x | as long as short |
| Coinbase International DOGE-PERP-INTX | +0.0240% | 1h | 0.1001 | +0.040% | $1.9M | $34.9M | 50x | as long as short |
| GMX DOGE/USD [ETH-USDC] | L +0.0250% / S −0.0297% | 1h | 0.1000 | −0.016% | $315K | — | 200x | as long as short |
| 01 Exchange DOGEUSD | +0.0272% | 1h | 0.1000 | −0.036% | $445 | $4K | 10x | as long as short |
| Deribit DOGE_USDC-PERPETUAL | +0.0310% | 1h | 0.1001 | +0.069% | $574K | $252K | 25x | as long as short |
| Arcus DOGE-USD | +0.0387% | 1h | 0.09995 | −0.090% | $18K | $307K | 10x | as long as short |
| RISEx DOGE/USDC | +0.0626% | 1h | 0.09999 | −0.050% | $403K | $457K | 10x | as long as short |
Aster DOGEUSDT
Pacifica DOGE
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
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
BloFin DOGE-USDT
Coinbase International DOGE-PERP-INTX
GMX DOGE/USD [ETH-USDC]
01 Exchange DOGEUSD
Deribit DOGE_USDC-PERPETUAL
Arcus DOGE-USD
RISEx DOGE/USDC