Funding you earn now, next payment 06:00 UTC+0.0020%/8h= +2.2% APRnext payment +$0.03 per $10,000 · paid last 24h −0.003%
Price spread now: ApeX Omni against Phoenix−0.067%7-day average −0.014% · you buy dearer than you sell
Net, funding: paid 7d − costs−$35as in the Funding arb table
Net, price: spread back to 7d avg − costs−$61as in the Price arb table
costs, in and out, $10k−$560.556% of the position
Funding, last 7 days+0.208%+$21 on $10k
+Price spread, last 4 days (all we have)+0.036%+$4 · spread now −0.067%, 7d avg −0.014%
=Funding pays, the price is against you. ApeX Omni is 0.053% cheaper against Phoenix than usual: you would sell low and buy high (spread −0.067% now, against its 7-day average of −0.014%). If the spread goes back, that is −$5 on $10k: about 8.8 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.208% in total) that is about 43 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix DOGE | 0.09997 | 0.0080 | pay 0.0010% / 1h | 27m 55s | $18K | $382K | 10x |
| Short | ApeX Omni DOGEUSDT | 0.09990 | 0.0100 | get 0.0013% / 1h | 27m 55s | $150K | $338K | 25x |
Phoenix DOGE
ApeX Omni DOGEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni against Phoenix. 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
- $4.22
- Price spread: −0.067% → −0.014%
- −$5.28
- Slippage, 4 orders
- −$38.64
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$56.7
- Costs to cover
- 0.556%
- Break-even
- 100.9 days
Slippage from Phoenix: live order book, 10 min ago; ApeX Omni: live order book, 14 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 Phoenix live order book, 10 min ago | 1.00 bp | 12.3 bp −$12 | 50.7 bp −$507 | doesn't fit | doesn't fit |
| Sell ApeX Omni live order book, 14 min ago | 5.02 bp | 14.4 bp −$14 | 57.5 bp −$575 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_DOGEUSD | −0.0083% | 1h | 0.09984 | −0.122% | $5.6M | $40.5M | 50x | as long as short |
| dYdX DOGE-USD | 0.0000% | 1h | 0.09986 | −0.103% | $224K | $69K | 10x | as long as short |
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.09982 | −0.150% | $611K | $6.6M | 2.8x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S 0.0000% | 1h | 0.09980 | −0.164% | $35K | — | 150x | as long as short |
| Polymarket Perps DOGE-USD | +0.0030% | 1h | 0.09971 | −0.252% | $266K | $1.2M | 10x | as long as short |
| Injective DOGE/USDC PERP | +0.0033% | 1h | 0.1053 | +5.335% | $6K | $242K | 12x | as long as short |
| Bitget DOGEUSDT | +0.0062% | 8h | 0.09997 | +0.003% | $142.1M | $344.1M | 75x | as long as short |
| Phoenix DOGElong | +0.0080% | 1h | 0.09997 | long leg | $18K | $382K | 10x | |
| Lighter DOGE | +0.0096% | 1h | 0.09992 | −0.051% | $851K | $6.8M | 15x | as long as short |
| Nado DOGE-PERP | +0.0100% | 1h | 0.09980 | −0.167% | $539K | $1.1M | 10x | as long as short |
Kraken Futures PF_DOGEUSD
dYdX DOGE-USD
Kalshi KXDOGEPERP
gTrade (Gains Network) DOGE/USD
Polymarket Perps DOGE-USD
Injective DOGE/USDC PERP
Bitget DOGEUSDT
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 | 0.09995 | −0.017% | $4.6M | $58.5M | 75x | as long as short |
| Pacifica DOGE | +0.0100% | 1h | 0.09982 | −0.147% | $319K | $500K | 20x | as long as short |
| Binance DOGEUSDT | +0.0100% | 8h | 0.09998 | +0.013% | $328.9M | $1.71B | 75x | as long as short |
| Bybit DOGEUSDT | +0.0100% | 8h | 0.09992 | −0.047% | $165.4M | $520.6M | 75x | as long as short |
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.1000 | +0.053% | $117.7M | $1.20B | 50x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.09990 | −0.067% | $384K | $16K | 10x | as long as short |
| Gate DOGE_USDT | +0.0100% | 8h | 0.09990 | −0.067% | $249.8M | $156.3M | 75x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.09997 | +0.003% | $111.1M | $258.1M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.09992 | −0.047% | $66.5M | $50.1M | 75x | as long as short |
| BingX DOGE-USDC | +0.0100% | 8h | 0.09990 | −0.067% | — | $3.5M | — | as long as short |
| Backpack DOGE_USDC_PERP | +0.0100% | 1h | 0.09989 | −0.077% | $304K | $1.3M | 15x | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.09984 | −0.130% | $1.1M | $8.7M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.09985 | −0.114% | $303K | $140.4M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.09988 | −0.087% | $630K | $4.7M | 10x | as long as short |
| ApeX Omni DOGEUSDTshort | +0.0100% | 1h | 0.09990 | −0.067% | $150K | $338K | 25x | |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.09983 | −0.137% | $66K | $467K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.09967 | −0.301% | $19K | $7K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.09988 | −0.092% | $35K | $2.3M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.09984 | −0.127% | $2K | $5.4M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.09982 | −0.151% | $5.9M | $68.8M | 75x | as long as short |
| Phemex DOGEUSDT | +0.0100% | 8h | 0.09984 | −0.127% | $91.7M | $16.9M | 50x | as long as short |
| Paradex DOGE-USD-PERP | +0.0100% | 8h | 0.09978 | −0.183% | $18K | $5K | 30x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.09990 | −0.071% | $486K | $4.1M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.09982 | −0.143% | $19K | — | 3x | as long as short |
| Katana Perps DOGE-USD | +0.0109% | 8h | 0.09977 | −0.197% | $834 | $536K | 10x | as long as short |
| Hyperliquid DOGE | +0.0126% | 1h | 0.09995 | −0.021% | $124.0M | $116.5M | 10x | as long as short |
| Reya DOGERUSDPERP | +0.0197% | 1h | 0.09980 | −0.164% | $2K | — | 20x | as long as short |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.09993 | −0.037% | $16.2M | $27.1M | 75x | as long as short |
| Coinbase International DOGE-PERP-INTX | +0.0240% | 1h | 0.09982 | −0.147% | $1.9M | $34.8M | 50x | as long as short |
| GMX DOGE/USD [ETH-USDC] | L +0.0250% / S −0.0297% | 1h | 0.09983 | −0.140% | $314K | — | 200x | as long as short |
| Deribit DOGE_USDC-PERPETUAL | +0.0261% | 1h | 0.09987 | −0.096% | $573K | $252K | 25x | as long as short |
| 01 Exchange DOGEUSD | +0.0264% | 1h | 0.09985 | −0.121% | $444 | $4K | 10x | as long as short |
| Arcus DOGE-USD | +0.0387% | 1h | 0.09977 | −0.197% | $23K | $305K | 10x | as long as short |
| RISEx DOGE/USDC | +0.0626% | 1h | 0.09985 | −0.117% | $402K | $458K | 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
Orderly PERP_DOGE_USDC
Derive DOGE-PERP
SunX DOGE-USDT
SoDEX DOGE-USD
HTX DOGE-USDT
Phemex DOGEUSDT
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]
Deribit DOGE_USDC-PERPETUAL
01 Exchange DOGEUSD
Arcus DOGE-USD
RISEx DOGE/USDC