data as of
Settings8H · net · $10k
Funding arb /

DOGE

all DOGE markets
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Funding spread now, next payment 16:00 UTC+0.0563%/8h
next payment, per $10,000+$0.70paid, last 24h+0.095%paid, last 5 days+0.242%to open and close $10k−$39
The current rate is far above what this pair has been paying: over the last 5 days it paid 0.242% in total (about 19.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.70 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhoenix DOGE0.096380.0082pay 0.0010% / 1h25m 47s$13K$178K10x
ShortHyperliquid DOGE0.096190.0645get 0.0081% / 1h25m 47s$100.7M$49.0M10x

Funding history

latest
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Funding on every exchange

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latest

Profit calculator

Funding earned
$118.23
Slippage, 4 orders
−$22.94
Fee Phoenix: 3.5 bp × 2 orders
−$7
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
$79.29
Break-even
2.3 days
Slippage from Phoenix: live order book, 64 min ago; Hyperliquid: live order book, 10 min ago.

Price risk

price view
Price gap now
−0.204%
Avg gap 7d
+0.027%
A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Phoenix live order book, 64 min ago1.04 bp12.4 bp −$1250.7 bp −$507doesn't fitdoesn't fit
Sell Hyperliquid live order book, 10 min ago1.40 bp7.2 bp −$7doesn't fitdoesn't fitdoesn't fit

DOGE on 43 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Injective DOGE/USDC PERP−0.0861%1h$15K$94K12xas long as short
Kalshi KXDOGEPERP0.0000%8h$510K$3.1M2.8xas long as short
gTrade (Gains Network) DOGE/USDL +0.0001% / S −0.0001%1h$36K150xas long as short
dYdX DOGE-USD+0.0039%1h$217K$44K10xas long as short
Gate DOGE_USDT+0.0062%8h$225.7M$104.5M75xas long as short
Deribit DOGE_USDC-PERPETUAL+0.0062%1h$606K$61K25xas long as short
Phoenix DOGElong+0.0082%1h$13K$178K10x
Lighter DOGE+0.0096%1h$773K$3.9M15xas long as short
Katana Perps DOGE-USD+0.0100%8h$823$201K10xas long as short
Nado DOGE-PERP+0.0100%1h$652K$586K10xas long as short
Show all 43 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Aster DOGEUSDT+0.0100%8h$4.7M$30.9M75xas long as short
Pacifica DOGE+0.0100%1h$377K$451K20xas long as short
Binance DOGEUSDT+0.0100%8h$295.2M$1.03B75xas long as short
Bybit DOGEUSDT+0.0100%8h$145.4M$324.3M75xas long as short
OKX DOGE-USDT-SWAP+0.0100%8h$100.3M$723.5M50xas long as short
Arcus DOGE-USD+0.0100%1h$21K$54K10xas long as short
MEXC DOGE_USDT+0.0100%8h$115.6M$139.2M300xas long as short
KuCoin DOGEUSDTM+0.0100%8h$64.0M$31.5M75xas long as short
Bitget DOGEUSDT+0.0100%8h$151.3M$223.1M75xas long as short
BingX DOGE-USDC+0.0100%8h$3.4Mas long as short
Backpack DOGE_USDC_PERP+0.0100%1h$496K$700K15xas long as short
Variational Omni DOGE+0.0100%8h$1.2M$5.0Mas long as short
edgeX DOGEUSDC+0.0100%4h$267K$89.2M20xas long as short
ApeX Omni DOGEUSDT+0.0100%1h$124K$180K25xas long as short
Polymarket Perps DOGE-USD+0.0100%1h$295K$410K10xas long as short
Orderly PERP_DOGE_USDC+0.0100%8h$71K$277K50xas long as short
Derive DOGE-PERP+0.0100%1h$24K$1K10xas long as short
SunX DOGE-USDT+0.0100%8h$34K$2.1M30xas long as short
SoDEX DOGE-USD+0.0100%1h$800$1.7M10xas long as short
HTX DOGE-USDT+0.0100%8h$5.8M$36.0M75xas long as short
Phemex DOGEUSDT+0.0100%8h$89.9M$22.1M50xas long as short
Bulk DOGE-USD+0.0100%1h$370K$23K10xas long as short
Paradex DOGE-USD-PERP+0.0100%8h$19K$2K30xas long as short
Extended DOGE-USD+0.0104%1h$635K$3.2M50xas long as short
Aevo DOGE-PERP+0.0104%1h$18K3xas long as short
Kraken Futures PF_DOGEUSD+0.0141%1h$6.2M$23.1M50xas long as short
Reya DOGERUSDPERP+0.0161%1h$2K20xas long as short
01 Exchange DOGEUSD+0.0168%1h$393$9K10xas long as short
Coinbase International DOGE-PERP-INTX+0.0192%1h$2.0M$15.4M50xas long as short
BloFin DOGE-USDT+0.0220%8h$14.4M$15.0M75xas long as short
GMX DOGE/USD [ETH-USDC]L +0.0239% / S −0.0257%1h$292K200xas long as short
RISEx DOGE/USDC+0.0611%1h$303K$406K10xas long as short
Hyperliquid DOGEshort+0.0645%1h$100.7M$49.0M10x