DOGE

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0019%/8h= +2.1% APRnext payment +$0.02 per $10,000 · paid last 24h +0.016%

Price spread now: Derive against Phoenix−0.039%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Phoenix Short on Derive

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Derive is 0.039% cheaper against Phoenix than usual: you would sell low and buy high (spread −0.039% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 6.6 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	Phoenix DOGE	0.1005	0.0081	pay 0.0010% / 1h	14m 53s	$66K	$222K	10x
Short	Derive DOGE-PERP	0.1005	0.0100	get 0.0013% / 1h	14m 53s	$25K	$1K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Derive against Phoenix. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee PhoenixbpFee DerivebpOrdersPrice spread, now −0.039%Rate

Funding earned: $4.09
Price spread: −0.039% → 0.000%: −$3.87
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Derive: 3 bp × 2 orders: −$6
Net: −$12.78
Costs to cover: 0.130%
Break-even: 28.9 days

Slippage unknown: Phoenix: live order book, 63 min ago; Derive: 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 Phoenix live order book, 63 min ago	1.00 bp	12.3 bp −$12	50.7 bp −$507	doesn't fit	doesn't fit
Sell Derive no order-book sample	—	—	—	—	—

Derive: 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
Bitget DOGEUSDT	−0.0261%	8h	0.1007	+0.220%	$153.8M	$266.5M	75x	as long as short
Kalshi KXDOGEPERP	0.0000%	8h	0.1007	+0.199%	$420K	$4.7M	2.8x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S −0.0001%	1h	0.1005	−0.035%	$32K	—	150x	as long as short
dYdX DOGE-USD	+0.0016%	1h	0.1004	−0.083%	$225K	$44K	10x	as long as short
Deribit DOGE_USDC-PERPETUAL	+0.0079%	1h	0.1005	−0.038%	$608K	$109K	25x	as long as short
Phoenix DOGElong	+0.0081%	1h	0.1005	long leg	$66K	$222K	10x
Lighter DOGE	+0.0096%	1h	0.1008	+0.243%	$793K	$5.4M	15x	as long as short
Katana Perps DOGE-USD	+0.0097%	8h	0.1004	−0.108%	$839	$370K	10x	as long as short
Gate DOGE_USDT	+0.0098%	8h	0.1008	+0.299%	$242.9M	$124.7M	75x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.1004	−0.074%	$569K	$861K	10x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster DOGEUSDT	+0.0100%	8h	0.1008	+0.271%	$5.0M	$43.9M	75x	as long as short
Pacifica DOGE	+0.0100%	1h	0.1005	−0.045%	$335K	$509K	20x	as long as short
Binance DOGEUSDT	+0.0100%	8h	0.1009	+0.379%	$321.1M	$1.33B	75x	as long as short
Bybit DOGEUSDT	+0.0100%	8h	0.1008	+0.339%	$159.9M	$421.8M	75x	as long as short
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.1009	+0.349%	$109.9M	$936.4M	50x	as long as short
Arcus DOGE-USD	+0.0100%	1h	0.1005	−0.019%	$28K	$76K	10x	as long as short
Bulk DOGE-USD	+0.0100%	1h	0.1006	+0.113%	$386K	$14K	10x	as long as short
MEXC DOGE_USDT	+0.0100%	8h	0.1008	+0.339%	$112.5M	$217.8M	300x	as long as short
KuCoin DOGEUSDTM	+0.0100%	8h	0.1008	+0.270%	$66.3M	$41.0M	75x	as long as short
BingX DOGE-USDT	+0.0100%	8h	0.1009	+0.359%	—	$74.8M	—	as long as short
Variational Omni DOGE	+0.0100%	8h	0.1004	−0.086%	$1.0M	$8.1M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.1004	−0.089%	$275K	$116.6M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.1004	−0.079%	$632K	$4.6M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.1005	−0.009%	$147K	$245K	25x	as long as short
Polymarket Perps DOGE-USD	+0.0100%	1h	0.1004	−0.079%	$268K	$542K	10x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.1005	−0.029%	$73K	$432K	50x	as long as short
Derive DOGE-PERPshort	+0.0100%	1h	0.1005	−0.039%	$25K	$1K	10x
SunX DOGE-USDT	+0.0100%	8h	0.1005	−0.001%	$35K	$2.2M	30x	as long as short
SoDEX DOGE-USD	+0.0100%	1h	0.1006	+0.061%	$2K	$3.6M	10x	as long as short
HTX DOGE-USDT	+0.0100%	8h	0.1007	+0.232%	$6.0M	$50.4M	75x	as long as short
Phemex DOGEUSDT	+0.0100%	8h	0.1007	+0.170%	$93.3M	$19.2M	50x	as long as short
Paradex DOGE-USD-PERP	+0.0100%	8h	0.1004	−0.071%	$18K	$5K	30x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.1008	+0.274%	$557K	$3.6M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.1005	−0.038%	$19K	—	3x	as long as short
Reya DOGERUSDPERP	+0.0177%	1h	0.1005	−0.043%	$2K	—	20x	as long as short
01 Exchange DOGEUSD	+0.0184%	1h	0.1005	−0.037%	$530	$4K	10x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0216%	1h	0.1006	+0.091%	$2.0M	$23.7M	50x	as long as short
BloFin DOGE-USDT	+0.0220%	8h	0.1006	+0.061%	$15.4M	$25.1M	75x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0248% / S −0.0198%	1h	0.1005	−0.041%	$366K	—	200x	as long as short
Kraken Futures PF_DOGEUSD	+0.0362%	1h	0.1006	+0.085%	$6.0M	$32.8M	50x	as long as short
Backpack DOGE_USDC_PERP	+0.0414%	1h	0.1008	+0.290%	$538K	$956K	15x	as long as short
Hyperliquid DOGE	+0.0474%	1h	0.1009	+0.356%	$114.4M	$84.5M	10x	as long as short
RISEx DOGE/USDC	+0.0702%	1h	0.1005	+0.006%	$315K	$476K	10x	as long as short
Injective DOGE/USDC PERP	+0.0966%	1h	0.1005	−0.009%	$5K	$239K	12x	as long as short