Funding you earn now, next payment 04:00 UTC−0.0135%/8h= −14.8% APRpaid last 24h +0.002%
Price spread now: KuCoin against Phoenix−0.149%93s7-day average −0.049% · you buy dearer than you sell
Net, funding: paid 7d − costs−$32as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$470.474% of the position
Funding, last 7 days+0.155%+$16 on $10k
+Price spread, last 4 days (all we have)−0.044%−$4 · spread now −0.149%, 7d avg −0.049%
=Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and KuCoin is 0.100% cheaper against Phoenix than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of −0.049%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.155%, so the current rate has only just turned against you. The two prices were read 93 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix DOGE | 0.1023 | 0.0235 | pay 0.0029% / 1h | 17m 58s | $19K | $292K | 10x |
| Short | KuCoin DOGEUSDTM | 0.1022 | 0.0100 | get 0.0100% / 8h | 3h 17m | $67.2M | $48.3M | 75x |
Phoenix DOGE
KuCoin DOGEUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- −$28.32
- Price spread: −0.149% → −0.049%
- −$10
- Slippage, 4 orders
- −$28.38
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$85.7
- Costs to cover
- 0.474%
- Break-even
- never at this rate
Slippage from Phoenix: live order book, 30 min ago; KuCoin: live order book, 6 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, 30 min ago | 0.95 bp | 12.3 bp −$12 | 50.7 bp −$507 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 6 min ago | 1.94 bp | 9.8 bp −$10 | 16.9 bp −$169 | 47.9 bp −$4,785 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.1023 | −0.034% | $691K | $6.3M | 2.8x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S 0.0000% | 1h | 0.1023 | −0.022% | $24K | — | 150x | as long as short |
| dYdX DOGE-USD | +0.0022% | 1h | 0.1021 | −0.185% | $229K | $70K | 10x | as long as short |
| Bitget DOGEUSDT | +0.0069% | 8h | 0.1022 | −0.178% | $133.3M | $316.8M | 75x | as long as short |
| Lighter DOGE | +0.0096% | 1h | 0.1024 | +0.045% | $760K | $6.5M | 15x | as long as short |
| Nado DOGE-PERP | +0.0100% | 1h | 0.1023 | −0.075% | $555K | $1.1M | 10x | as long as short |
| Aster DOGEUSDT | +0.0100% | 8h | 0.1023 | −0.043% | $4.9M | $54.8M | 75x | as long as short |
| Pacifica DOGE | +0.0100% | 1h | 0.1022 | −0.170% | $326K | $519K | 20x | as long as short |
| Binance DOGEUSDT | +0.0100% | 8h | 0.1023 | −0.053% | $336.9M | $1.62B | 75x | as long as short |
| Bybit DOGEUSDT | +0.0100% | 8h | 0.1022 | −0.080% | $167.3M | $499.4M | 75x | as long as short |
Kalshi KXDOGEPERP
gTrade (Gains Network) DOGE/USD
dYdX DOGE-USD
Bitget DOGEUSDT
Lighter DOGE
Nado DOGE-PERP
Aster DOGEUSDT
Pacifica DOGE
Binance DOGEUSDT
Bybit DOGEUSDTShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.1021 | −0.188% | $116.2M | $1.15B | 50x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.1029 | +0.604% | $395K | $16K | 10x | as long as short |
| Gate DOGE_USDT | +0.0100% | 8h | 0.1021 | −0.188% | $252.7M | $146.2M | 75x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.1022 | −0.109% | $116.5M | $245.9M | 300x | as long as short |
| KuCoin DOGEUSDTMshort | +0.0100% | 8h | 0.1022 | −0.149% | $67.2M | $48.3M | 75x | |
| BingX DOGE-USDT | +0.0100% | 8h | 0.1023 | −0.051% | — | $79.4M | — | as long as short |
| Backpack DOGE_USDC_PERP | +0.0100% | 1h | 0.1022 | −0.168% | $341K | $1.2M | 15x | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.1023 | −0.044% | $1.1M | $8.4M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.1024 | +0.031% | $329K | $136.3M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.1024 | +0.023% | $645K | $4.5M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.1024 | +0.066% | $154K | $330K | 25x | as long as short |
| Polymarket Perps DOGE-USD | +0.0100% | 1h | 0.1022 | −0.119% | $257K | $993K | 10x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.1023 | −0.061% | $69K | $468K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.1023 | −0.055% | $25K | $1K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.1023 | +0.004% | $36K | $2.3M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.1023 | −0.041% | $2K | $5.1M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.1023 | −0.023% | $6.0M | $65.5M | 75x | as long as short |
| Phemex DOGEUSDT | +0.0100% | 8h | 0.1022 | −0.119% | $93.9M | $17.0M | 50x | as long as short |
| Paradex DOGE-USD-PERP | +0.0100% | 8h | 0.1021 | −0.203% | $18K | $6K | 30x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.1021 | −0.186% | $494K | $4.1M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.1023 | −0.041% | $20K | — | 3x | as long as short |
| Katana Perps DOGE-USD | +0.0121% | 8h | 0.1022 | −0.149% | $1K | $503K | 10x | as long as short |
| Reya DOGERUSDPERP | +0.0192% | 1h | 0.1023 | −0.073% | $2K | — | 20x | as long as short |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.1023 | +0.018% | $16.6M | $27.1M | 75x | as long as short |
| Phoenix DOGElong | +0.0235% | 1h | 0.1023 | long leg | $19K | $292K | 10x | |
| Kraken Futures PF_DOGEUSD | +0.0246% | 1h | 0.1023 | −0.036% | $5.5M | $39.0M | 50x | as long as short |
| GMX DOGE/USD [ETH-USDC] | L +0.0256% / S −0.0309% | 1h | 0.1023 | −0.038% | $330K | — | 200x | as long as short |
| 01 Exchange DOGEUSD | +0.0256% | 1h | 0.1022 | −0.098% | $455 | $4K | 10x | as long as short |
| Deribit DOGE_USDC-PERPETUAL | +0.0258% | 1h | 0.1023 | −0.011% | $581K | $247K | 25x | as long as short |
| Coinbase International DOGE-PERP-INTX | +0.0304% | 1h | 0.1024 | +0.037% | $2.1M | $33.5M | 50x | as long as short |
| Hyperliquid DOGE | +0.0482% | 1h | 0.1023 | −0.070% | $127.6M | $110.8M | 10x | as long as short |
| Arcus DOGE-USD | +0.0634% | 1h | 0.1023 | −0.041% | $111K | $204K | 10x | as long as short |
| RISEx DOGE/USDC | +0.0728% | 1h | 0.1022 | −0.099% | $413K | $428K | 10x | as long as short |
| Injective DOGE/USDC PERP | +0.1062% | 1h | 0.1053 | +2.900% | $6K | $242K | 12x | as long as short |
OKX DOGE-USDT-SWAP
Bulk DOGE-USD
Gate DOGE_USDT
MEXC DOGE_USDT
BingX DOGE-USDT
Backpack DOGE_USDC_PERP
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
HTX DOGE-USDT
Phemex DOGEUSDT
Paradex DOGE-USD-PERP
Extended DOGE-USD
Aevo DOGE-PERP
Katana Perps DOGE-USD
Reya DOGERUSDPERP
BloFin DOGE-USDT
Kraken Futures PF_DOGEUSD
GMX DOGE/USD [ETH-USDC]
01 Exchange DOGEUSD
Deribit DOGE_USDC-PERPETUAL
Coinbase International DOGE-PERP-INTX
Hyperliquid DOGE
Arcus DOGE-USD
RISEx DOGE/USDC
Injective DOGE/USDC PERP