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 Bybit+0.060%7-day average +0.027% · you sell dearer than you buy
Net, funding: paid 7d − costs−$28as in the Funding arb table
Net, price: spread back to 7d avg − costs−$31as in the Price arb table
costs, in and out, $10k−$340.343% of the position
Funding, last 7 days+0.061%+$6 on $10k
+Price spread, last 4 days (all we have)−0.056%−$6 · spread now +0.060%, 7d avg +0.027%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.033% dearer against Bybit than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.027%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit DOGEUSDT | 0.09973 | 0.0100 | pay 0.0100% / 8h | 1h 00m | $164.0M | $522.0M | 75x |
| Short | Phemex DOGEUSDT | 0.09979 | 0.0100 | get 0.0100% / 8h | 1h 00m | $91.4M | $17.1M | 50x |
Bybit DOGEUSDT
Phemex DOGEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against Bybit. 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: +0.060% → +0.027%
- $3.32
- Slippage, 4 orders
- −$11.3
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$30.97
- Costs to cover
- 0.343%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 3 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 Bybit live order book, 3 min ago | 0.50 bp | 6.5 bp −$7 | 9.1 bp −$91 | 21.7 bp −$2,166 | 42.0 bp −$21.0K |
| Sell Phemex live order book, 3 min ago | 1.00 bp | 10.2 bp −$10 | 15.7 bp −$157 | 33.9 bp −$3,386 | 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 | −0.0083% | 1h | 0.09979 | +0.057% | $5.6M | $40.6M | 50x | as long as short |
| dYdX DOGE-USD | 0.0000% | 1h | 0.09985 | +0.120% | $224K | $69K | 10x | as long as short |
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.09985 | +0.117% | $612K | $6.6M | 2.8x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S 0.0000% | 1h | 0.09974 | +0.013% | $35K | — | 150x | as long as short |
| Injective DOGE/USDC PERP | +0.0033% | 1h | 0.1053 | +5.585% | $6K | $242K | 12x | as long as short |
| Bitget DOGEUSDT | +0.0037% | 8h | 0.09968 | −0.050% | $141.4M | $344.4M | 75x | as long as short |
| Polymarket Perps DOGE-USD | +0.0044% | 1h | 0.09972 | −0.010% | $262K | $1.2M | 10x | as long as short |
| Phoenix DOGE | +0.0080% | 1h | 0.1002 | +0.502% | $18K | $382K | 10x | as long as short |
| Lighter DOGE | +0.0096% | 1h | 0.09984 | +0.113% | $846K | $6.8M | 15x | as long as short |
| Nado DOGE-PERP | +0.0100% | 1h | 0.09974 | +0.010% | $537K | $1.1M | 10x | as long as short |
Kraken Futures PF_DOGEUSD
dYdX DOGE-USD
Kalshi KXDOGEPERP
gTrade (Gains Network) DOGE/USD
Injective DOGE/USDC PERP
Bitget DOGEUSDT
Polymarket Perps DOGE-USD
Phoenix DOGE
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 | 0.09977 | +0.043% | $4.5M | $58.8M | 75x | as long as short |
| Pacifica DOGE | +0.0100% | 1h | 0.09990 | +0.173% | $319K | $501K | 20x | as long as short |
| Binance DOGEUSDT | +0.0100% | 8h | 0.09977 | +0.036% | $329.3M | $1.72B | 75x | as long as short |
| Bybit DOGEUSDTlong | +0.0100% | 8h | 0.09973 | long leg | $164.0M | $522.0M | 75x | |
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.09976 | +0.030% | $117.1M | $1.20B | 50x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.1001 | +0.338% | $384K | $16K | 10x | as long as short |
| Gate DOGE_USDT | +0.0100% | 8h | 0.09970 | −0.030% | $249.5M | $157.9M | 75x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.09977 | +0.040% | $112.1M | $259.0M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.09976 | +0.030% | $66.7M | $50.0M | 75x | as long as short |
| BingX DOGE-USDT | +0.0100% | 8h | 0.09975 | +0.020% | — | $53.4M | — | as long as short |
| Backpack DOGE_USDC_PERP | +0.0100% | 1h | 0.09974 | +0.010% | $302K | $1.3M | 15x | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.09969 | −0.043% | $1.1M | $8.7M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.1001 | +0.336% | $304K | $140.2M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.1000 | +0.301% | $631K | $4.6M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.1002 | +0.471% | $146K | $341K | 25x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.09975 | +0.020% | $70K | $470K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.1000 | +0.294% | $19K | $7K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.09993 | +0.197% | $35K | $2.3M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.09979 | +0.060% | $2K | $5.4M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.09980 | +0.071% | $5.9M | $69.1M | 75x | as long as short |
| Phemex DOGEUSDTshort | +0.0100% | 8h | 0.09979 | +0.060% | $91.4M | $17.1M | 50x | |
| Paradex DOGE-USD-PERP | +0.0100% | 8h | 0.09988 | +0.148% | $18K | $5K | 30x | as long as short |
| Hyperliquid DOGE | +0.0103% | 1h | 0.09982 | +0.091% | $124.3M | $117.0M | 10x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.09972 | −0.013% | $490K | $4.1M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.09978 | +0.050% | $19K | — | 3x | as long as short |
| Katana Perps DOGE-USD | +0.0107% | 8h | 0.09977 | +0.040% | $834 | $536K | 10x | as long as short |
| Reya DOGERUSDPERP | +0.0198% | 1h | 0.09974 | +0.008% | $2K | — | 20x | as long as short |
| Deribit DOGE_USDC-PERPETUAL | +0.0211% | 1h | 0.09980 | +0.072% | $572K | $252K | 25x | as long as short |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.09979 | +0.060% | $16.2M | $27.1M | 75x | as long as short |
| Coinbase International DOGE-PERP-INTX | +0.0240% | 1h | 0.09981 | +0.080% | $1.9M | $34.7M | 50x | as long as short |
| GMX DOGE/USD [ETH-USDC] | L +0.0250% / S −0.0297% | 1h | 0.09974 | +0.011% | $314K | — | 200x | as long as short |
| 01 Exchange DOGEUSD | +0.0264% | 1h | 0.09978 | +0.049% | $444 | $4K | 10x | as long as short |
| Arcus DOGE-USD | +0.0387% | 1h | 0.09982 | +0.090% | $17K | $308K | 10x | as long as short |
| RISEx DOGE/USDC | +0.0626% | 1h | 0.09982 | +0.090% | $401K | $458K | 10x | as long as short |
Aster DOGEUSDT
Pacifica DOGE
Binance 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
Hyperliquid DOGE
Extended DOGE-USD
Aevo DOGE-PERP
Katana Perps DOGE-USD
Reya DOGERUSDPERP
Deribit DOGE_USDC-PERPETUAL
BloFin DOGE-USDT
Coinbase International DOGE-PERP-INTX
GMX DOGE/USD [ETH-USDC]
01 Exchange DOGEUSD
Arcus DOGE-USD
RISEx DOGE/USDC