Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Phemex against Binance−0.132%7-day average +0.014% · you buy dearer than you sell
Net, funding: paid 7d − costs−$31as in the Funding arb table
Net, price: spread back to 7d avg − costs−$47as in the Price arb table
costs, in and out, $10k−$330.326% of the position
Funding, last 7 days+0.019%+$2 on $10k
+Price spread, last 4 days (all we have)+0.116%+$12 · spread now −0.132%, 7d avg +0.014%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.146% cheaper against Binance than usual: you would sell low and buy high, −$15 on $10k if it goes back to its 7-day average of +0.014%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance DOGEUSDT | 0.1001 | 0.0100 | pay 0.0100% / 8h | 1h 50m | $328.9M | $1.71B | 75x |
| Short | Phemex DOGEUSDT | 0.1000 | 0.0100 | get 0.0100% / 8h | 1h 50m | $91.9M | $17.0M | 50x |
Binance DOGEUSDT
Phemex DOGEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against Binance. 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
- $0
- Price spread: −0.132% → +0.014%
- −$14.58
- Slippage, 4 orders
- −$10.61
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$47.19
- Costs to cover
- 0.326%
- Break-even
- never at this rate
Slippage from Binance: live order book, 8 min ago; Phemex: live order book, 4 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 Binance live order book, 8 min ago | 0.50 bp | 6.3 bp −$6 | 8.8 bp −$88 | 19.5 bp −$1,949 | 42.5 bp −$21.2K |
| Sell Phemex live order book, 4 min ago | 0.50 bp | 9.3 bp −$9 | 18.5 bp −$185 | 34.0 bp −$3,398 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_DOGEUSD | −0.0082% | 1h | 0.09999 | −0.152% | $5.7M | $40.4M | 50x | as long as short |
| Polymarket Perps DOGE-USD | −0.0018% | 1h | 0.09992 | −0.226% | $268K | $1.2M | 10x | as long as short |
| dYdX DOGE-USD | 0.0000% | 1h | 0.1001 | −0.061% | $225K | $69K | 10x | as long as short |
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.09997 | −0.170% | $605K | $6.6M | 2.8x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S 0.0000% | 1h | 0.10000 | −0.147% | $34K | — | 150x | as long as short |
| Injective DOGE/USDC PERP | +0.0033% | 1h | 0.1053 | +5.150% | $6K | $242K | 12x | as long as short |
| Phoenix DOGE | +0.0080% | 1h | 0.1001 | −0.088% | $18K | $382K | 10x | as long as short |
| Bitget DOGEUSDT | +0.0080% | 8h | 0.1001 | −0.032% | $142.7M | $344.1M | 75x | as long as short |
| Lighter DOGE | +0.0096% | 1h | 0.1002 | +0.056% | $855K | $6.8M | 15x | as long as short |
| Nado DOGE-PERP | +0.0100% | 1h | 0.1000 | −0.127% | $540K | $1.1M | 10x | as long as short |
Kraken Futures PF_DOGEUSD
Polymarket Perps DOGE-USD
dYdX DOGE-USD
Kalshi KXDOGEPERP
gTrade (Gains Network) DOGE/USD
Injective DOGE/USDC PERP
Phoenix DOGE
Bitget DOGEUSDT
Lighter DOGE
Nado DOGE-PERPShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster DOGEUSDT | +0.0100% | 8h | 0.1001 | −0.041% | $4.6M | $58.5M | 75x | as long as short |
| Pacifica DOGE | +0.0100% | 1h | 0.1001 | −0.015% | $320K | $501K | 20x | as long as short |
| Binance DOGEUSDTlong | +0.0100% | 8h | 0.1001 | long leg | $328.9M | $1.71B | 75x | |
| Bybit DOGEUSDT | +0.0100% | 8h | 0.1002 | +0.018% | $165.8M | $520.0M | 75x | as long as short |
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.1002 | +0.058% | $117.1M | $1.20B | 50x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.09990 | −0.242% | $384K | $16K | 10x | as long as short |
| Gate DOGE_USDT | +0.0100% | 8h | 0.1002 | +0.008% | $251.1M | $154.1M | 75x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.1002 | +0.038% | $110.9M | $257.3M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.1001 | −0.092% | $66.6M | $50.1M | 75x | as long as short |
| BingX DOGE-USDT | +0.0100% | 8h | 0.1002 | +0.058% | — | $80.9M | — | as long as short |
| Backpack DOGE_USDC_PERP | +0.0100% | 1h | 0.1000 | −0.102% | $302K | $1.3M | 15x | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.09992 | −0.223% | $1.1M | $8.7M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.09994 | −0.201% | $303K | $140.2M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.09988 | −0.264% | $639K | $4.7M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.09980 | −0.342% | $150K | $337K | 25x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.09999 | −0.152% | $66K | $467K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.09997 | −0.175% | $19K | $7K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.1001 | −0.086% | $35K | $2.3M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.09998 | −0.162% | $2K | $5.4M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.09999 | −0.154% | $6.0M | $69.1M | 75x | as long as short |
| Phemex DOGEUSDTshort | +0.0100% | 8h | 0.1000 | −0.132% | $91.9M | $17.0M | 50x | |
| Paradex DOGE-USD-PERP | +0.0100% | 8h | 0.1002 | +0.053% | $18K | $5K | 30x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.1002 | +0.021% | $488K | $4.1M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.09998 | −0.162% | $19K | — | 3x | as long as short |
| Katana Perps DOGE-USD | +0.0110% | 8h | 0.1002 | +0.028% | $837 | $530K | 10x | as long as short |
| Hyperliquid DOGE | +0.0118% | 1h | 0.1001 | −0.002% | $124.0M | $116.2M | 10x | as long as short |
| Reya DOGERUSDPERP | +0.0196% | 1h | 0.09996 | −0.184% | $2K | — | 20x | as long as short |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.1000 | −0.132% | $16.2M | $27.1M | 75x | as long as short |
| Coinbase International DOGE-PERP-INTX | +0.0240% | 1h | 0.1000 | −0.132% | $1.9M | $34.7M | 50x | as long as short |
| 01 Exchange DOGEUSD | +0.0248% | 1h | 0.1002 | +0.090% | $446 | $4K | 10x | as long as short |
| GMX DOGE/USD [ETH-USDC] | L +0.0250% / S −0.0294% | 1h | 0.1000 | −0.136% | $315K | — | 200x | as long as short |
| Deribit DOGE_USDC-PERPETUAL | +0.0320% | 1h | 0.1000 | −0.121% | $574K | $252K | 25x | as long as short |
| Arcus DOGE-USD | +0.0387% | 1h | 0.1002 | +0.068% | $27K | $300K | 10x | as long as short |
| RISEx DOGE/USDC | +0.0626% | 1h | 0.1003 | +0.113% | $404K | $457K | 10x | as long as short |
Aster DOGEUSDT
Pacifica DOGE
Bybit DOGEUSDT
OKX DOGE-USDT-SWAP
Bulk DOGE-USD
Gate DOGE_USDT
MEXC DOGE_USDT
KuCoin DOGEUSDTM
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
SunX DOGE-USDT
SoDEX DOGE-USD
HTX DOGE-USDT
Paradex DOGE-USD-PERP
Extended DOGE-USD
Aevo DOGE-PERP
Katana Perps DOGE-USD
Hyperliquid DOGE
Reya DOGERUSDPERP
BloFin DOGE-USDT
Coinbase International DOGE-PERP-INTX
01 Exchange DOGEUSD
GMX DOGE/USD [ETH-USDC]
Deribit DOGE_USDC-PERPETUAL
Arcus DOGE-USD
RISEx DOGE/USDC