Funding you earn now, next payment 03:00 UTC+0.0252%/8h= +27.6% APRpaid last 24h +0.028%
Price spread now: Phoenix against Bitget−2.785%109s7-day average +0.084% · you buy dearer than you sell
Net, funding: paid 7d − costs−$53as 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−$410.412% of the position
Funding, last 7 days−0.115%−$11 on $10k
+Price spread, last 4 days (all we have)+3.055%+$306 · spread now −2.785%, 7d avg +0.084%
=Funding pays, the price is against you. Phoenix is 2.869% cheaper against Bitget than usual: you would sell low and buy high (spread −2.785% now, against its 7-day average of +0.084%). If the spread goes back, that is −$287 on $10k: about 38 days of funding at the current rate (+$8 a day). Mind the row above: over the last 7 days funding on this pair cost −0.115%, so the current rate has only just turned in your favour. The two prices were read 109 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.115% in total (about -6.0% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget DOGEUSDT | 0.1051 | −0.0010 | get 0.0010% / 8h | 3h 53m | $143.0M | $305.7M | 75x |
| Short | Phoenix DOGE | 0.1022 | 0.0242 | get 0.0030% / 1h | 53m 35s | $66K | $292K | 10x |
Bitget DOGEUSDT
Phoenix DOGEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Bitget. 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
- $53.01
- Price spread: −2.785% → +0.084%
- −$286.91
- Slippage, 4 orders
- −$22.2
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$275.1
- Costs to cover
- 0.412%
- Break-even
- 43.3 days
Slippage from Bitget: live order book, 6 min ago; Phoenix: live order book, 59 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 Bitget live order book, 6 min ago | 0.49 bp | 7.5 bp −$7 | 9.7 bp −$97 | 29.7 bp −$2,969 | doesn't fit |
| Sell Phoenix live order book, 59 min ago | 1.01 bp | 12.3 bp −$12 | 43.0 bp −$430 | 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 DOGEUSDTlong | −0.0010% | 8h | 0.1051 | long leg | $143.0M | $305.7M | 75x | |
| dYdX DOGE-USD | 0.0000% | 1h | 0.1053 | +0.119% | $236K | $59K | 10x | as long as short |
| Deribit DOGE_USDC-PERPETUAL | 0.0000% | 1h | 0.1045 | −0.582% | $614K | $167K | 25x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S 0.0000% | 1h | 0.1044 | −0.720% | $25K | — | 150x | as long as short |
| Lighter DOGE | +0.0096% | 1h | 0.1050 | −0.111% | $767K | $6.3M | 15x | as long as short |
| Nado DOGE-PERP | +0.0100% | 1h | 0.1054 | +0.271% | $571K | $1.1M | 10x | as long as short |
| Aster DOGEUSDT | +0.0100% | 8h | 0.1051 | −0.031% | $4.9M | $52.3M | 75x | as long as short |
| Pacifica DOGE | +0.0100% | 1h | 0.1052 | +0.094% | $347K | $491K | 20x | as long as short |
| Binance DOGEUSDT | +0.0100% | 8h | 0.1054 | +0.200% | $348.0M | $1.55B | 75x | as long as short |
| Bybit DOGEUSDT | +0.0100% | 8h | 0.1053 | +0.181% | $173.8M | $479.2M | 75x | as long as short |
dYdX DOGE-USD
Deribit DOGE_USDC-PERPETUAL
gTrade (Gains Network) DOGE/USD
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 | 0.1056 | +0.380% | $119.4M | $1.14B | 50x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.1047 | −0.462% | $402K | $11K | 10x | as long as short |
| Gate DOGE_USDT | +0.0100% | 8h | 0.1049 | −0.266% | $258.0M | $139.8M | 75x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.1053 | +0.190% | $119.0M | $238.6M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.1050 | −0.124% | $69.3M | $46.2M | 75x | as long as short |
| BingX DOGE-USDT | +0.0100% | 8h | 0.1051 | −0.010% | — | $78.0M | — | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.1049 | −0.193% | $1.1M | $8.2M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.1048 | −0.311% | $318K | $133.6M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.1028 | −2.195% | $651K | $4.5M | 10x | as long as short |
| Polymarket Perps DOGE-USD | +0.0100% | 1h | 0.1045 | −0.656% | $268K | $885K | 10x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.1045 | −0.580% | $73K | $440K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.1046 | −0.550% | $26K | $1K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.1047 | −0.417% | $37K | $2.2M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.1047 | −0.447% | $2K | $4.8M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.1046 | −0.484% | $6.2M | $61.9M | 75x | as long as short |
| Phemex DOGEUSDT | +0.0100% | 8h | 0.1046 | −0.571% | $96.1M | $17.1M | 50x | as long as short |
| Paradex DOGE-USD-PERP | +0.0104% | 8h | 0.1053 | +0.132% | $19K | $7K | 30x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.1052 | +0.043% | $512K | $4.1M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.1045 | −0.577% | $20K | — | 3x | as long as short |
| Katana Perps DOGE-USD | +0.0126% | 8h | 0.1053 | +0.162% | $2K | $480K | 10x | as long as short |
| Reya DOGERUSDPERP | +0.0191% | 1h | 0.1045 | −0.645% | $2K | — | 20x | as long as short |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.1047 | −0.447% | $16.4M | $27.4M | 75x | as long as short |
| Kraken Futures PF_DOGEUSD | +0.0240% | 1h | 0.1047 | −0.441% | $5.8M | $37.2M | 50x | as long as short |
| Phoenix DOGEshort | +0.0242% | 1h | 0.1022 | −2.785% | $66K | $292K | 10x | |
| 01 Exchange DOGEUSD | +0.0248% | 1h | 0.1053 | +0.127% | $468 | $4K | 10x | as long as short |
| GMX DOGE/USD [ETH-USDC] | L +0.0260% / S −0.0317% | 1h | 0.1044 | −0.726% | $343K | — | 200x | as long as short |
| Backpack DOGE_USDC_PERP | +0.0286% | 1h | 0.1046 | −0.495% | $346K | $1.2M | 15x | as long as short |
| Coinbase International DOGE-PERP-INTX | +0.0304% | 1h | 0.1048 | −0.371% | $2.1M | $31.3M | 50x | as long as short |
| Kalshi KXDOGEPERP | +0.0307% | 8h | 0.1048 | −0.337% | $750K | $6.1M | 2.8x | as long as short |
| Arcus DOGE-USD | +0.0634% | 1h | 0.1053 | +0.105% | $114K | $200K | 10x | as long as short |
| Hyperliquid DOGE | +0.0663% | 1h | 0.1050 | −0.099% | $129.8M | $106.3M | 10x | as long as short |
| RISEx DOGE/USDC | +0.0728% | 1h | 0.1053 | +0.182% | $425K | $426K | 10x | as long as short |
| Injective DOGE/USDC PERP | +0.1062% | 1h | 0.1053 | +0.143% | $6K | $242K | 12x | as long as short |
| ApeX Omni DOGEUSDT | +0.1281% | 1h | 0.1047 | −0.428% | $164K | $302K | 25x | as long as short |
OKX DOGE-USDT-SWAP
Bulk DOGE-USD
Gate DOGE_USDT
MEXC DOGE_USDT
KuCoin DOGEUSDTM
BingX DOGE-USDT
Variational Omni DOGE
edgeX DOGEUSDC
GRVT DOGE_USDT_Perp
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
01 Exchange DOGEUSD
GMX DOGE/USD [ETH-USDC]
Backpack DOGE_USDC_PERP
Coinbase International DOGE-PERP-INTX
Kalshi KXDOGEPERP
Arcus DOGE-USD
Hyperliquid DOGE
RISEx DOGE/USDC
Injective DOGE/USDC PERP
ApeX Omni DOGEUSDT