Funding you earn now, next payment 23:00 UTC−0.0139%/8h= −15.2% APRnext payment −$0.17 per $10,000 · paid last 24h +0.019%
Price spread now: Pacifica against Phoenix−0.225%47s7-day average −0.023% · you buy dearer than you sell
Net, funding: paid 7d − costs−$14as 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−$380.383% of the position
Funding, last 7 days+0.238%+$24 on $10k
+Price spread, last 3 days (all we have)+0.085%+$8 · spread now −0.225%, 7d avg −0.023%
=Together, before fees+0.323%+ Points / potential airdropPacifica: Active · farm board+$32 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Pacifica is 0.202% cheaper against Phoenix than usual: you would sell low and buy high (−$20 if the spread goes back to its 7-day average of −0.023%). 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. The two prices were read 47 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 | 0.1001 | 0.0239 | pay 0.0030% / 1h | 26m 20s | $67K | $281K | 10x |
| Short | Pacifica DOGE | 0.09984 | 0.0100 | get 0.0013% / 1h | 26m 20s | $333K | $510K | 20x |
Phoenix DOGE
Pacifica DOGEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Pacifica 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: −0.225% → −0.023%
- −$20.2
- Slippage, 4 orders
- −$23.34
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Net
- −$87.73
- Costs to cover
- 0.383%
- Break-even
- never at this rate
Slippage from Phoenix: live order book, 46 min ago; Pacifica: live order book, 52 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, 46 min ago | 1.00 bp | 12.3 bp −$12 | 50.7 bp −$507 | doesn't fit | doesn't fit |
| Sell Pacifica live order book, 52 min ago | 1.49 bp | 7.5 bp −$7 | 15.0 bp −$150 | doesn't fit | 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 | −0.0238% | 8h | 0.09970 | −0.366% | $152.0M | $269.3M | 75x | as long as short |
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.09986 | −0.203% | $413K | $4.8M | 2.8x | as long as short |
| Deribit DOGE_USDC-PERPETUAL | 0.0000% | 1h | 0.09980 | −0.269% | $601K | $117K | 25x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S 0.0000% | 1h | 0.09978 | −0.283% | $23K | — | 150x | as long as short |
| dYdX DOGE-USD | +0.0049% | 1h | 0.09980 | −0.267% | $224K | $44K | 10x | as long as short |
| Gate DOGE_USDT | +0.0076% | 8h | 0.09976 | −0.306% | $240.4M | $127.3M | 75x | as long as short |
| Lighter DOGE | +0.0096% | 1h | 0.09980 | −0.268% | $790K | $5.5M | 15x | as long as short |
| Katana Perps DOGE-USD | +0.0097% | 8h | 0.09979 | −0.276% | $2K | $390K | 10x | as long as short |
| Nado DOGE-PERP | +0.0100% | 1h | 0.09981 | −0.256% | $514K | $975K | 10x | as long as short |
| Aster DOGEUSDT | +0.0100% | 8h | 0.09978 | −0.288% | $4.9M | $45.6M | 75x | as long as short |
Bitget DOGEUSDT
Kalshi KXDOGEPERP
Deribit DOGE_USDC-PERPETUAL
gTrade (Gains Network) DOGE/USD
dYdX DOGE-USD
Gate DOGE_USDT
Lighter DOGE
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 DOGEshort | +0.0100% | 1h | 0.09984 | −0.225% | $333K | $510K | 20x | |
| Binance DOGEUSDT | +0.0100% | 8h | 0.09980 | −0.268% | $316.4M | $1.37B | 75x | as long as short |
| Bybit DOGEUSDT | +0.0100% | 8h | 0.09977 | −0.296% | $157.0M | $431.3M | 75x | as long as short |
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.09981 | −0.256% | $108.7M | $945.6M | 50x | as long as short |
| Arcus DOGE-USD | +0.0100% | 1h | 0.09988 | −0.186% | $31K | $80K | 10x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.1001 | +0.009% | $383K | $12K | 10x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.09980 | −0.266% | $111.9M | $221.2M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.09981 | −0.256% | $65.6M | $41.9M | 75x | as long as short |
| BingX DOGE-USDT | +0.0100% | 8h | 0.09979 | −0.276% | — | $75.7M | — | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.09978 | −0.282% | $1.0M | $8.1M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.09998 | −0.087% | $274K | $119.0M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.1001 | +0.075% | $636K | $4.6M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.1001 | +0.034% | $147K | $250K | 25x | as long as short |
| Polymarket Perps DOGE-USD | +0.0100% | 1h | 0.09974 | −0.322% | $256K | $557K | 10x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.09978 | −0.286% | $73K | $433K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.09976 | −0.305% | $24K | $1K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.09983 | −0.238% | $35K | $2.2M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.09978 | −0.286% | $2K | $3.6M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.09975 | −0.319% | $6.0M | $51.7M | 75x | as long as short |
| Phemex DOGEUSDT | +0.0100% | 8h | 0.09980 | −0.266% | $92.3M | $19.2M | 50x | as long as short |
| Paradex DOGE-USD-PERP | +0.0100% | 8h | 0.09980 | −0.269% | $18K | $5K | 30x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.09975 | −0.314% | $525K | $3.7M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.09979 | −0.276% | $19K | — | 3x | as long as short |
| Kraken Futures PF_DOGEUSD | +0.0105% | 1h | 0.09976 | −0.310% | $5.9M | $33.4M | 50x | as long as short |
| Reya DOGERUSDPERP | +0.0179% | 1h | 0.09979 | −0.279% | $2K | — | 20x | as long as short |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.09993 | −0.136% | $15.4M | $25.2M | 75x | as long as short |
| 01 Exchange DOGEUSD | +0.0224% | 1h | 0.09986 | −0.210% | $527 | $4K | 10x | as long as short |
| Phoenix DOGElong | +0.0239% | 1h | 0.1001 | long leg | $67K | $281K | 10x | |
| Coinbase International DOGE-PERP-INTX | +0.0240% | 1h | 0.09981 | −0.256% | $2.0M | $24.1M | 50x | as long as short |
| GMX DOGE/USD [ETH-USDC] | L +0.0246% / S −0.0273% | 1h | 0.09978 | −0.282% | $314K | — | 200x | as long as short |
| Backpack DOGE_USDC_PERP | +0.0366% | 1h | 0.09998 | −0.086% | $534K | $965K | 15x | as long as short |
| RISEx DOGE/USDC | +0.0708% | 1h | 0.09989 | −0.181% | $313K | $474K | 10x | as long as short |
| Hyperliquid DOGE | +0.0888% | 1h | 0.09994 | −0.127% | $117.4M | $89.2M | 10x | as long as short |
| Injective DOGE/USDC PERP | +0.1039% | 1h | 0.1003 | +0.234% | $5K | $239K | 12x | as long as short |
Binance DOGEUSDT
Bybit DOGEUSDT
OKX DOGE-USDT-SWAP
Arcus DOGE-USD
Bulk DOGE-USD
MEXC DOGE_USDT
KuCoin DOGEUSDTM
BingX DOGE-USDT
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
Kraken Futures PF_DOGEUSD
Reya DOGERUSDPERP
BloFin DOGE-USDT
01 Exchange DOGEUSD
Coinbase International DOGE-PERP-INTX
GMX DOGE/USD [ETH-USDC]
Backpack DOGE_USDC_PERP
RISEx DOGE/USDC
Hyperliquid DOGE
Injective DOGE/USDC PERP