Funding you earn now, next payment 05:00 UTC−0.0140%/8h= −15.3% APRpaid last 24h 0.000%
Price spread now: SunX against Phoenix−0.226%69s7-day average +0.001% · you buy dearer than you sell
Net, funding: paid 7d − costs−$49as 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−$710.708% of the position
Funding, last 7 days+0.216%+$22 on $10k
+Price spread, last 4 days (all we have)+0.240%+$24 · spread now −0.226%, 7d avg +0.001%
=Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and SunX is 0.227% cheaper against Phoenix than usual: you would sell low and buy high (−$23 if the spread goes back to its 7-day average of +0.001%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.216%, so the current rate has only just turned against you. The two prices were read 69 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 | 0.0240 | pay 0.0030% / 1h | 50m 03s | $18K | $382K | 10x |
| Short | SunX DOGE-USDT | 0.09984 | 0.0100 | get 0.0100% / 8h | 2h 50m | $35K | $2.3M | 30x |
Phoenix DOGE
SunX DOGE-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
SunX 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
- −$29.4
- Price spread: −0.226% → +0.001%
- −$22.67
- Slippage, 4 orders
- −$55.8
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- −$122.87
- Costs to cover
- 0.708%
- Break-even
- never at this rate
Slippage from Phoenix: live order book, 58 min ago; SunX: 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, 58 min ago | 0.95 bp | 12.3 bp −$12 | 50.7 bp −$507 | doesn't fit | doesn't fit |
| Sell SunX live order book, 6 min ago | 14.33 bp | 27.8 bp −$28 | 35.3 bp −$353 | 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX DOGE-USD | 0.0000% | 1h | 0.09992 | −0.142% | $224K | $70K | 10x | as long as short |
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.09993 | −0.135% | $646K | $6.4M | 2.8x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S 0.0000% | 1h | 0.09980 | −0.263% | $34K | — | 150x | as long as short |
| Kraken Futures PF_DOGEUSD | +0.0002% | 1h | 0.09965 | −0.415% | $5.5M | $39.6M | 50x | as long as short |
| Polymarket Perps DOGE-USD | +0.0009% | 1h | 0.09976 | −0.303% | $265K | $1.2M | 10x | as long as short |
| Lighter DOGE | +0.0096% | 1h | 0.09972 | −0.347% | $736K | $6.5M | 15x | as long as short |
| Nado DOGE-PERP | +0.0100% | 1h | 0.09983 | −0.236% | $541K | $1.1M | 10x | as long as short |
| Hyperliquid DOGE | +0.0100% | 1h | 0.09970 | −0.369% | $124.4M | $114.1M | 10x | as long as short |
| Aster DOGEUSDT | +0.0100% | 8h | 0.09963 | −0.434% | $4.4M | $56.4M | 75x | as long as short |
| Pacifica DOGE | +0.0100% | 1h | 0.09999 | −0.074% | $320K | $524K | 20x | as long as short |
dYdX DOGE-USD
Kalshi KXDOGEPERP
gTrade (Gains Network) DOGE/USD
Kraken Futures PF_DOGEUSD
Polymarket Perps DOGE-USD
Lighter DOGE
Nado DOGE-PERP
Hyperliquid DOGE
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 | 0.09963 | −0.436% | $324.3M | $1.66B | 75x | as long as short |
| Bybit DOGEUSDT | +0.0100% | 8h | 0.09963 | −0.436% | $162.5M | $512.0M | 75x | as long as short |
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.09967 | −0.396% | $114.3M | $1.16B | 50x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.1000 | −0.062% | $384K | $16K | 10x | as long as short |
| Gate DOGE_USDT | +0.0100% | 8h | 0.09959 | −0.476% | $245.7M | $149.4M | 75x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.09966 | −0.406% | $114.4M | $250.0M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.09964 | −0.426% | $66.2M | $49.2M | 75x | as long as short |
| Bitget DOGEUSDT | +0.0100% | 8h | 0.09957 | −0.496% | $131.6M | $325.3M | 75x | as long as short |
| BingX DOGE-USDT | +0.0100% | 8h | 0.09964 | −0.426% | — | $80.1M | — | as long as short |
| Backpack DOGE_USDC_PERP | +0.0100% | 1h | 0.09959 | −0.476% | $309K | $1.3M | 15x | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.1000 | −0.038% | $1.1M | $8.7M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.09997 | −0.096% | $312K | $137.9M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.09999 | −0.076% | $632K | $4.7M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.1000 | −0.066% | $150K | $336K | 25x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.09979 | −0.276% | $64K | $464K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.09977 | −0.297% | $19K | $7K | 10x | as long as short |
| SunX DOGE-USDTshort | +0.0100% | 8h | 0.09984 | −0.226% | $35K | $2.3M | 30x | |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.09965 | −0.416% | $2K | $5.2M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.09964 | −0.424% | $5.9M | $67.0M | 75x | as long as short |
| Phemex DOGEUSDT | +0.0100% | 8h | 0.09969 | −0.376% | $91.7M | $17.1M | 50x | as long as short |
| Paradex DOGE-USD-PERP | +0.0100% | 8h | 0.09993 | −0.138% | $18K | $5K | 30x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.09973 | −0.333% | $483K | $4.1M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.09978 | −0.286% | $19K | — | 3x | as long as short |
| Deribit DOGE_USDC-PERPETUAL | +0.0111% | 1h | 0.09981 | −0.261% | $567K | $248K | 25x | as long as short |
| Katana Perps DOGE-USD | +0.0114% | 8h | 0.09994 | −0.126% | $1K | $516K | 10x | as long as short |
| 01 Exchange DOGEUSD | +0.0160% | 1h | 0.09999 | −0.080% | $445 | $4K | 10x | as long as short |
| Reya DOGERUSDPERP | +0.0193% | 1h | 0.09980 | −0.263% | $2K | — | 20x | as long as short |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.1001 | −0.016% | $16.0M | $26.9M | 75x | as long as short |
| Arcus DOGE-USD | +0.0231% | 1h | 0.1001 | −0.016% | $108K | $207K | 10x | as long as short |
| Phoenix DOGElong | +0.0240% | 1h | 0.1001 | long leg | $18K | $382K | 10x | |
| GMX DOGE/USD [ETH-USDC] | L +0.0252% / S −0.0289% | 1h | 0.09981 | −0.257% | $323K | — | 200x | as long as short |
| Coinbase International DOGE-PERP-INTX | +0.0304% | 1h | 0.09968 | −0.386% | $2.0M | $33.8M | 50x | as long as short |
| RISEx DOGE/USDC | +0.0686% | 1h | 0.10000 | −0.071% | $403K | $439K | 10x | as long as short |
| Injective DOGE/USDC PERP | +0.1217% | 1h | 0.1053 | +5.231% | $6K | $242K | 12x | as long as short |
Binance DOGEUSDT
Bybit DOGEUSDT
OKX DOGE-USDT-SWAP
Bulk DOGE-USD
Gate DOGE_USDT
MEXC DOGE_USDT
KuCoin DOGEUSDTM
Bitget DOGEUSDT
BingX DOGE-USDT
Backpack DOGE_USDC_PERP
Variational Omni DOGE
edgeX DOGEUSDC
GRVT DOGE_USDT_Perp
ApeX Omni DOGEUSDT
Orderly PERP_DOGE_USDC
Derive DOGE-PERP
SoDEX DOGE-USD
HTX DOGE-USDT
Phemex DOGEUSDT
Paradex DOGE-USD-PERP
Extended DOGE-USD
Aevo DOGE-PERP
Deribit DOGE_USDC-PERPETUAL
Katana Perps DOGE-USD
01 Exchange DOGEUSD
Reya DOGERUSDPERP
BloFin DOGE-USDT
Arcus DOGE-USD
GMX DOGE/USD [ETH-USDC]
Coinbase International DOGE-PERP-INTX
RISEx DOGE/USDC
Injective DOGE/USDC PERP