Funding you earn now, next payment 00:00 UTC−0.0140%/8h= −15.4% APRpaid last 24h +0.016%
Price spread now: edgeX against Phoenix+0.106%7-day average −0.058% · you sell dearer than you buy
Net, funding: paid 7d − costs−$14as in the Funding arb table
Net, price: spread back to 7d avg − costs−$21as in the Price arb table
costs, in and out, $10k−$380.376% of the position
Funding, last 7 days+0.234%+$23 on $10k
+Price spread, last 3 days (all we have)−0.183%−$18 · spread now +0.106%, 7d avg −0.058%
=Together, before fees+0.051%+ Points / potential airdropedgeX: Active · farm board+$5 on $10k · with fees, hour by hour
The price spread pays, funding is against you. edgeX is 0.164% dearer against Phoenix than usual: you sell high and buy low (spread +0.106% now, against its 7-day average of −0.058%): +$16 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 3.9 days. Mind the row above: over the last 7 days funding on this pair paid +0.234%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix DOGE | 0.1008 | 0.0240 | pay 0.0030% / 1h | 3m 28s | $65K | $283K | 10x |
| Short | edgeX DOGEUSDC | 0.1009 | 0.0100 | get 0.0050% / 4h | 3h 03m | $270K | $125.0M | 20x |
Phoenix DOGE
edgeX DOGEUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX 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
- −$29.45
- Price spread: +0.106% → −0.058%
- $16.44
- Slippage, 4 orders
- −$21.65
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- −$50.66
- Costs to cover
- 0.376%
- Break-even
- never at this rate
Slippage from Phoenix: live order book, 65 min ago; edgeX: live order book, 1 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, 65 min ago | 1.01 bp | 12.3 bp −$12 | 50.7 bp −$507 | doesn't fit | doesn't fit |
| Sell edgeX live order book, 1 min ago | 2.00 bp | 6.5 bp −$6 | 6.9 bp −$69 | 14.7 bp −$1,468 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget DOGEUSDT | −0.0161% | 8h | 0.1001 | −0.693% | $151.9M | $271.7M | 75x | as long as short |
| Kraken Futures PF_DOGEUSD | −0.0077% | 1h | 0.1006 | −0.188% | $6.0M | $33.9M | 50x | as long as short |
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.1007 | −0.058% | $415K | $4.9M | 2.8x | as long as short |
| Deribit DOGE_USDC-PERPETUAL | 0.0000% | 1h | 0.1007 | −0.065% | $606K | $119K | 25x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S 0.0000% | 1h | 0.1001 | −0.674% | $23K | — | 150x | as long as short |
| dYdX DOGE-USD | +0.0010% | 1h | 0.1001 | −0.629% | $225K | $44K | 10x | as long as short |
| Lighter DOGE | +0.0096% | 1h | 0.1002 | −0.561% | $791K | $5.9M | 15x | as long as short |
| Katana Perps DOGE-USD | +0.0100% | 8h | 0.1002 | −0.584% | $837 | $426K | 10x | as long as short |
| Aster DOGEUSDT | +0.0100% | 8h | 0.1000 | −0.727% | $5.1M | $46.8M | 75x | as long as short |
| Pacifica DOGE | +0.0100% | 1h | 0.1002 | −0.575% | $334K | $512K | 20x | as long as short |
Bitget DOGEUSDT
Kraken Futures PF_DOGEUSD
Kalshi KXDOGEPERP
Deribit DOGE_USDC-PERPETUAL
gTrade (Gains Network) DOGE/USD
dYdX DOGE-USD
Lighter DOGE
Katana Perps DOGE-USD
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 | −0.633% | $318.3M | $1.41B | 75x | as long as short |
| Bybit DOGEUSDT | +0.0100% | 8h | 0.1001 | −0.623% | $159.8M | $439.5M | 75x | as long as short |
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.1001 | −0.613% | $110.2M | $968.0M | 50x | as long as short |
| Arcus DOGE-USD | +0.0100% | 1h | 0.1001 | −0.653% | $76K | $124K | 10x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.1009 | +0.173% | $387K | $5K | 10x | as long as short |
| Gate DOGE_USDT | +0.0100% | 8h | 0.1001 | −0.703% | $243.1M | $131.9M | 75x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.1001 | −0.633% | $110.4M | $226.9M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.1001 | −0.693% | $65.7M | $42.5M | 75x | as long as short |
| BingX DOGE-USDT | +0.0100% | 8h | 0.1001 | −0.663% | — | $76.3M | — | as long as short |
| Backpack DOGE_USDC_PERP | +0.0100% | 1h | 0.1005 | −0.286% | $365K | $1.1M | 15x | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.1006 | −0.141% | $994K | $8.1M | — | as long as short |
| edgeX DOGEUSDCshort | +0.0100% | 4h | 0.1009 | +0.106% | $270K | $125.0M | 20x | |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.1006 | −0.107% | $639K | $4.5M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.1007 | −0.058% | $148K | $269K | 25x | as long as short |
| Nado DOGE-PERP | +0.0100% | 1h | 0.1001 | −0.673% | $514K | $973K | 10x | as long as short |
| Polymarket Perps DOGE-USD | +0.0100% | 1h | 0.1000 | −0.742% | $262K | $633K | 10x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.1002 | −0.603% | $73K | $429K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.1001 | −0.636% | $25K | $1K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.1009 | +0.095% | $35K | $2.2M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.1006 | −0.117% | $2K | $3.8M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.1006 | −0.203% | $6.0M | $53.0M | 75x | as long as short |
| Phemex DOGEUSDT | +0.0100% | 8h | 0.1006 | −0.197% | $92.8M | $17.9M | 50x | as long as short |
| Paradex DOGE-USD-PERP | +0.0102% | 8h | 0.1001 | −0.636% | $18K | $6K | 30x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.1001 | −0.626% | $528K | $3.9M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.1002 | −0.600% | $19K | — | 3x | as long as short |
| 01 Exchange DOGEUSD | +0.0168% | 1h | 0.1001 | −0.626% | $529 | $4K | 10x | as long as short |
| Reya DOGERUSDPERP | +0.0183% | 1h | 0.1001 | −0.691% | $2K | — | 20x | as long as short |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.1007 | −0.107% | $15.5M | $25.7M | 75x | as long as short |
| Coinbase International DOGE-PERP-INTX | +0.0240% | 1h | 0.1006 | −0.137% | $2.0M | $25.2M | 50x | as long as short |
| Phoenix DOGElong | +0.0240% | 1h | 0.1008 | long leg | $65K | $283K | 10x | |
| GMX DOGE/USD [ETH-USDC] | L +0.0247% / S −0.0271% | 1h | 0.1001 | −0.680% | $315K | — | 200x | as long as short |
| RISEx DOGE/USDC | +0.0701% | 1h | 0.1001 | −0.685% | $323K | $404K | 10x | as long as short |
| Hyperliquid DOGE | +0.0749% | 1h | 0.1002 | −0.534% | $121.9M | $96.3M | 10x | as long as short |
| Injective DOGE/USDC PERP | +0.0973% | 1h | 0.1011 | +0.339% | $5K | $239K | 12x | as long as short |
Binance DOGEUSDT
Bybit DOGEUSDT
OKX DOGE-USDT-SWAP
Arcus DOGE-USD
Bulk DOGE-USD
Gate DOGE_USDT
MEXC DOGE_USDT
KuCoin DOGEUSDTM
BingX DOGE-USDT
Backpack DOGE_USDC_PERP
Variational Omni DOGE
GRVT DOGE_USDT_Perp
ApeX Omni DOGEUSDT
Nado DOGE-PERP
Polymarket Perps DOGE-USD
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
01 Exchange DOGEUSD
Reya DOGERUSDPERP
BloFin DOGE-USDT
Coinbase International DOGE-PERP-INTX
GMX DOGE/USD [ETH-USDC]
RISEx DOGE/USDC
Hyperliquid DOGE
Injective DOGE/USDC PERP