Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Phemex against BingX+0.133%7-day average +0.048% · you sell dearer than you buy
Net, funding: paid 7d − costs−$39as in the Funding arb table
Net, price: spread back to 7d avg − costs−$31as in the Price arb table
costs, in and out, $10k−$390.390% of the position
Funding, last 7 days0.000%$0 on $10k
+Price spread, last 4 days (all we have)−0.133%−$13 · spread now +0.133%, 7d avg +0.048%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.085% dearer against BingX than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of +0.048%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX DOGE-USDC | 0.09796 | 0.0100 | pay 0.0100% / 8h | 7h 26m | — | $3.5M | — |
| Short | Phemex DOGEUSDT | 0.09809 | 0.0100 | get 0.0100% / 8h | 7h 26m | $89.6M | $16.5M | 50x |
BingX DOGE-USDC
Phemex DOGEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against BingX. 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: +0.133% → +0.048%
- $8.5
- Slippage, 4 orders
- −$17.02
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$30.52
- Costs to cover
- 0.390%
- Break-even
- never at this rate
Slippage from BingX: live order book, 8 min ago; Phemex: live order book, 3 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 BingX live order book, 8 min ago | 1.01 bp | 8.1 bp −$8 | 14.4 bp −$144 | 39.4 bp −$3,939 | 115.6 bp −$57.8K |
| Sell Phemex live order book, 3 min ago | 1.53 bp | 10.3 bp −$10 | 17.2 bp −$172 | 37.7 bp −$3,771 | 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 | −0.0097% | 1h | 0.09803 | +0.069% | $5.4M | $40.7M | 50x | as long as short |
| Bitget DOGEUSDT | −0.0015% | 8h | 0.09789 | −0.071% | $138.7M | $346.9M | 75x | as long as short |
| Gate DOGE_USDT | −0.0006% | 8h | 0.09793 | −0.031% | $247.7M | $154.7M | 75x | as long as short |
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.09812 | +0.164% | $537K | $6.6M | 2.8x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S 0.0000% | 1h | 0.09788 | −0.080% | $33K | — | 150x | as long as short |
| Injective DOGE/USDC PERP | +0.0033% | 1h | 0.1053 | +7.493% | $6K | $242K | 12x | as long as short |
| Phoenix DOGE | +0.0081% | 1h | 0.09816 | +0.201% | $18K | $386K | 10x | as long as short |
| Lighter DOGE | +0.0096% | 1h | 0.09809 | +0.136% | $816K | $6.8M | 15x | as long as short |
| Katana Perps DOGE-USD | +0.0100% | 8h | 0.09791 | −0.051% | $2K | $544K | 10x | as long as short |
| Nado DOGE-PERP | +0.0100% | 1h | 0.09802 | +0.066% | $501K | $1.1M | 10x | as long as short |
Kraken Futures PF_DOGEUSD
Bitget DOGEUSDT
Gate DOGE_USDT
Kalshi KXDOGEPERP
gTrade (Gains Network) DOGE/USD
Injective DOGE/USDC PERP
Phoenix DOGE
Lighter DOGE
Katana Perps DOGE-USD
Nado DOGE-PERPShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid DOGE | +0.0100% | 1h | 0.09807 | +0.112% | $122.2M | $117.1M | 10x | as long as short |
| Aster DOGEUSDT | +0.0100% | 8h | 0.09801 | +0.051% | $4.9M | $58.9M | 75x | as long as short |
| Pacifica DOGE | +0.0100% | 1h | 0.09801 | +0.050% | $318K | $481K | 20x | as long as short |
| Binance DOGEUSDT | +0.0100% | 8h | 0.09801 | +0.051% | $323.5M | $1.71B | 75x | as long as short |
| Bybit DOGEUSDT | +0.0100% | 8h | 0.09795 | −0.010% | $162.7M | $523.1M | 75x | as long as short |
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.09802 | +0.061% | $113.4M | $1.18B | 50x | as long as short |
| Arcus DOGE-USD | +0.0100% | 1h | 0.09799 | +0.031% | $16K | $306K | 10x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.09784 | −0.121% | $374K | $2K | 10x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.09800 | +0.041% | $115.6M | $261.5M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.09800 | +0.041% | $65.1M | $49.1M | 75x | as long as short |
| BingX DOGE-USDClong | +0.0100% | 8h | 0.09796 | long leg | — | $3.5M | — | |
| Backpack DOGE_USDC_PERP | +0.0100% | 1h | 0.09806 | +0.102% | $302K | $1.3M | 15x | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.09822 | +0.264% | $1.0M | $8.4M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.09824 | +0.287% | $298K | $139.4M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.09821 | +0.255% | $617K | $4.4M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.09830 | +0.347% | $140K | $347K | 25x | as long as short |
| Polymarket Perps DOGE-USD | +0.0100% | 1h | 0.09806 | +0.102% | $255K | $1.2M | 10x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.09799 | +0.031% | $70K | $465K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.09809 | +0.129% | $18K | $7K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.09808 | +0.118% | $34K | $2.2M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.09803 | +0.071% | $2K | $5.4M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.09806 | +0.098% | $5.8M | $69.0M | 75x | as long as short |
| Phemex DOGEUSDTshort | +0.0100% | 8h | 0.09809 | +0.133% | $89.6M | $16.5M | 50x | |
| Paradex DOGE-USD-PERP | +0.0100% | 8h | 0.09796 | +0.001% | $18K | $5K | 30x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.09791 | −0.049% | $476K | $4.1M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.09800 | +0.041% | $19K | — | 3x | as long as short |
| Deribit DOGE_USDC-PERPETUAL | +0.0158% | 1h | 0.09804 | +0.084% | $555K | $298K | 25x | as long as short |
| GMX DOGE/USD [ETH-USDC] | L +0.0166% / S −0.0068% | 1h | 0.09806 | +0.104% | $351K | — | 200x | as long as short |
| Reya DOGERUSDPERP | +0.0202% | 1h | 0.09803 | +0.074% | $2K | — | 20x | as long as short |
| Coinbase International DOGE-PERP-INTX | +0.0208% | 1h | 0.09808 | +0.122% | $1.9M | $34.6M | 50x | as long as short |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.09809 | +0.133% | $15.5M | $26.7M | 75x | as long as short |
| 01 Exchange DOGEUSD | +0.0224% | 1h | 0.09806 | +0.099% | $451 | $4K | 10x | as long as short |
| dYdX DOGE-USD | +0.0505% | 1h | 0.09812 | +0.162% | $230K | $74K | 10x | as long as short |
| RISEx DOGE/USDC | +0.0717% | 1h | 0.09802 | +0.060% | $394K | $448K | 10x | as long as short |
Hyperliquid DOGE
Aster DOGEUSDT
Pacifica DOGE
Binance DOGEUSDT
Bybit DOGEUSDT
OKX DOGE-USDT-SWAP
Arcus DOGE-USD
Bulk DOGE-USD
MEXC DOGE_USDT
KuCoin DOGEUSDTM
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
Paradex DOGE-USD-PERP
Extended DOGE-USD
Aevo DOGE-PERP
Deribit DOGE_USDC-PERPETUAL
GMX DOGE/USD [ETH-USDC]
Reya DOGERUSDPERP
Coinbase International DOGE-PERP-INTX
BloFin DOGE-USDT
01 Exchange DOGEUSD
dYdX DOGE-USD
RISEx DOGE/USDC