Funding you earn now, next payment 23:00 UTC−0.0139%/8h= −15.2% APRpaid last 24h +0.019%
Price spread now: HTX against Phoenix−0.080%7-day average +0.005% · you buy dearer than you sell
Net, funding: paid 7d − costs−$18as in the Funding arb table
Net, price: spread back to 7d avg − costs−$50as in the Price arb table
costs, in and out, $10k−$420.419% of the position
Funding, last 7 days+0.238%+$24 on $10k
+Price spread, last 3 days (all we have)+0.077%+$8 · spread now −0.080%, 7d avg +0.005%
=Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and HTX is 0.085% cheaper against Phoenix than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of +0.005%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.238%, 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 | 0.1009 | 0.0239 | pay 0.0030% / 1h | 38m 16s | $67K | $281K | 10x |
| Short | HTX DOGE-USDT | 0.1008 | 0.0100 | get 0.0100% / 8h | 38m 16s | $6.1M | $51.5M | 75x |
Phoenix DOGE
HTX DOGE-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
HTX 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
- −$29.19
- Price spread: −0.080% → +0.005%
- −$8.54
- Slippage, 4 orders
- −$22.87
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee HTX: 6 bp × 2 orders
- −$12
- Net
- −$79.6
- Costs to cover
- 0.419%
- Break-even
- never at this rate
Slippage from Phoenix: live order book, 34 min ago; HTX: 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, 34 min ago | 1.00 bp | 12.3 bp −$12 | 50.7 bp −$507 | doesn't fit | doesn't fit |
| Sell HTX live order book, 1 min ago | 1.09 bp | 8.5 bp −$9 | 14.4 bp −$144 | 38.2 bp −$3,824 | 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 | −0.0241% | 8h | 0.1007 | −0.259% | $153.2M | $268.5M | 75x | as long as short |
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.1007 | −0.179% | $418K | $4.7M | 2.8x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S 0.0000% | 1h | 0.1007 | −0.171% | $25K | — | 150x | as long as short |
| dYdX DOGE-USD | +0.0071% | 1h | 0.1008 | −0.092% | $226K | $44K | 10x | as long as short |
| Gate DOGE_USDT | +0.0079% | 8h | 0.1008 | −0.160% | $242.9M | $126.5M | 75x | as long as short |
| Lighter DOGE | +0.0096% | 1h | 0.1009 | −0.049% | $807K | $5.5M | 15x | as long as short |
| Deribit DOGE_USDC-PERPETUAL | +0.0097% | 1h | 0.1008 | −0.146% | $607K | $116K | 25x | as long as short |
| Katana Perps DOGE-USD | +0.0097% | 8h | 0.1008 | −0.080% | $974 | $389K | 10x | as long as short |
| Nado DOGE-PERP | +0.0100% | 1h | 0.1009 | +0.004% | $602K | $899K | 10x | as long as short |
| Aster DOGEUSDT | +0.0100% | 8h | 0.1009 | +0.004% | $5.0M | $45.4M | 75x | as long as short |
Bitget DOGEUSDT
Kalshi KXDOGEPERP
gTrade (Gains Network) DOGE/USD
dYdX DOGE-USD
Gate DOGE_USDT
Lighter DOGE
Deribit DOGE_USDC-PERPETUAL
Katana Perps DOGE-USD
Nado DOGE-PERP
Aster DOGEUSDTShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica DOGE | +0.0100% | 1h | 0.1008 | −0.075% | $336K | $509K | 20x | as long as short |
| Binance DOGEUSDT | +0.0100% | 8h | 0.1008 | −0.141% | $321.0M | $1.36B | 75x | as long as short |
| Bybit DOGEUSDT | +0.0100% | 8h | 0.1008 | −0.160% | $158.7M | $429.9M | 75x | as long as short |
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.1008 | −0.150% | $109.7M | $950.8M | 50x | as long as short |
| Arcus DOGE-USD | +0.0100% | 1h | 0.1009 | −0.011% | $31K | $80K | 10x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.1008 | −0.110% | $386K | $12K | 10x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.1008 | −0.080% | $112.5M | $220.3M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.1008 | −0.110% | $66.3M | $41.8M | 75x | as long as short |
| BingX DOGE-USDC | +0.0100% | 8h | 0.1007 | −0.189% | — | $3.4M | — | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.1011 | +0.150% | $1.0M | $8.1M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.1011 | +0.169% | $277K | $118.4M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.1011 | +0.187% | $637K | $4.6M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.1011 | +0.187% | $149K | $250K | 25x | as long as short |
| Polymarket Perps DOGE-USD | +0.0100% | 1h | 0.1009 | −0.031% | $260K | $558K | 10x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.1008 | −0.160% | $73K | $433K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.1007 | −0.173% | $25K | $1K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.1008 | −0.132% | $35K | $2.2M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.1007 | −0.169% | $2K | $3.6M | 10x | as long as short |
| HTX DOGE-USDTshort | +0.0100% | 8h | 0.1008 | −0.080% | $6.1M | $51.5M | 75x | |
| Phemex DOGEUSDT | +0.0100% | 8h | 0.1007 | −0.199% | $93.1M | $19.2M | 50x | as long as short |
| Paradex DOGE-USD-PERP | +0.0100% | 8h | 0.1008 | −0.062% | $18K | $5K | 30x | as long as short |
| Kraken Futures PF_DOGEUSD | +0.0104% | 1h | 0.1007 | −0.167% | $6.0M | $33.2M | 50x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.1007 | −0.211% | $543K | $3.7M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.1007 | −0.165% | $19K | — | 3x | as long as short |
| Reya DOGERUSDPERP | +0.0179% | 1h | 0.1008 | −0.103% | $2K | — | 20x | as long as short |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.1007 | −0.229% | $15.5M | $25.4M | 75x | as long as short |
| Phoenix DOGElong | +0.0239% | 1h | 0.1009 | long leg | $67K | $281K | 10x | |
| Coinbase International DOGE-PERP-INTX | +0.0240% | 1h | 0.1008 | −0.070% | $2.0M | $24.3M | 50x | as long as short |
| GMX DOGE/USD [ETH-USDC] | L +0.0247% / S −0.0271% | 1h | 0.1007 | −0.163% | $316K | — | 200x | as long as short |
| 01 Exchange DOGEUSD | +0.0248% | 1h | 0.1009 | −0.007% | $533 | $4K | 10x | as long as short |
| Backpack DOGE_USDC_PERP | +0.0431% | 1h | 0.1008 | −0.100% | $539K | $965K | 15x | as long as short |
| RISEx DOGE/USDC | +0.0708% | 1h | 0.1009 | −0.001% | $316K | $475K | 10x | as long as short |
| Hyperliquid DOGE | +0.0941% | 1h | 0.1010 | +0.088% | $118.2M | $88.5M | 10x | as long as short |
| Injective DOGE/USDC PERP | +0.1039% | 1h | 0.1011 | +0.187% | $5K | $239K | 12x | as long as short |
Pacifica DOGE
Binance DOGEUSDT
Bybit DOGEUSDT
OKX DOGE-USDT-SWAP
Arcus DOGE-USD
Bulk DOGE-USD
MEXC DOGE_USDT
KuCoin DOGEUSDTM
BingX DOGE-USDC
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
Phemex DOGEUSDT
Paradex DOGE-USD-PERP
Kraken Futures PF_DOGEUSD
Extended DOGE-USD
Aevo DOGE-PERP
Reya DOGERUSDPERP
BloFin DOGE-USDT
Coinbase International DOGE-PERP-INTX
GMX DOGE/USD [ETH-USDC]
01 Exchange DOGEUSD
Backpack DOGE_USDC_PERP
RISEx DOGE/USDC
Hyperliquid DOGE
Injective DOGE/USDC PERP