Funding you earn now, next payment 01:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.00 per $10,000 · paid last 24h −0.049%
Price spread now: Phoenix against GMX+0.950%65s7-day average +0.002% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.191%−$19 on $10k
+Price spread, last 3 days (all we have)−0.964%−$96 · spread now +0.950%, 7d avg +0.002%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phoenix is 0.947% dearer against GMX than usual: you sell high and buy low, +$95 on $10k if it goes back to its 7-day average of +0.002%. The two prices were read 65 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 | GMX DOGE/USD [ETH-USDC] | 0.09868 | L +0.0245% / S −0.0267% | pay 0.0031% / 1h | 41m 58s | $307K | — | 200x |
| Short | Phoenix DOGE | 0.09962 | 0.0241 | get 0.0030% / 1h | 41m 58s | $65K | $284K | 10x |
GMX DOGE/USD [ETH-USDC]
Phoenix DOGEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against GMX. 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
- −$0.74
- Price spread: +0.950% → +0.002%
- $94.74
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $75
- Costs to cover
- 0.190%
- Break-even
- from the start
Slippage unknown: GMX: no order-book sample; Phoenix: live order book, 21 min ago. Net counts fees only.
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 GMX no order-book sample | — | — | — | — | — |
| Sell Phoenix live order book, 21 min ago | 1.00 bp | 12.3 bp −$12 | 43.1 bp −$431 | doesn't fit | doesn't fit |
GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 DOGEUSDT | −0.0135% | 8h | 0.09867 | −0.013% | $149.7M | $273.0M | 75x | as long as short |
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.09874 | +0.058% | $378K | $5.0M | 2.8x | as long as short |
| Deribit DOGE_USDC-PERPETUAL | 0.0000% | 1h | 0.09870 | +0.013% | $590K | $119K | 25x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S 0.0000% | 1h | 0.09866 | −0.027% | $23K | — | 150x | as long as short |
| dYdX DOGE-USD | +0.0033% | 1h | 0.09878 | +0.101% | $222K | $59K | 10x | as long as short |
| Kraken Futures PF_DOGEUSD | +0.0067% | 1h | 0.09865 | −0.034% | $5.8M | $34.0M | 50x | as long as short |
| Lighter DOGE | +0.0096% | 1h | 0.09879 | +0.105% | $757K | $5.9M | 15x | as long as short |
| Katana Perps DOGE-USD | +0.0098% | 8h | 0.09881 | +0.129% | $2K | $429K | 10x | as long as short |
| Nado DOGE-PERP | +0.0100% | 1h | 0.09883 | +0.154% | $485K | $976K | 10x | as long as short |
| Aster DOGEUSDT | +0.0100% | 8h | 0.09872 | +0.035% | $4.6M | $48.0M | 75x | as long as short |
Bitget DOGEUSDT
Kalshi KXDOGEPERP
Deribit DOGE_USDC-PERPETUAL
gTrade (Gains Network) DOGE/USD
dYdX DOGE-USD
Kraken Futures PF_DOGEUSD
Lighter DOGE
Katana Perps DOGE-USD
Nado DOGE-PERP
Aster DOGEUSDTShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica DOGE | +0.0100% | 1h | 0.09886 | +0.182% | $327K | $503K | 20x | as long as short |
| Binance DOGEUSDT | +0.0100% | 8h | 0.09883 | +0.146% | $314.0M | $1.43B | 75x | as long as short |
| Bybit DOGEUSDT | +0.0100% | 8h | 0.09875 | +0.068% | $156.5M | $442.6M | 75x | as long as short |
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.09876 | +0.078% | $108.7M | $967.9M | 50x | as long as short |
| Arcus DOGE-USD | +0.0100% | 1h | 0.09894 | +0.260% | $127K | $182K | 10x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.09990 | +1.232% | $383K | $5K | 10x | as long as short |
| Gate DOGE_USDT | +0.0100% | 8h | 0.09881 | +0.129% | $239.6M | $130.2M | 75x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.09883 | +0.149% | $111.5M | $226.6M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.09876 | +0.078% | $64.8M | $42.7M | 75x | as long as short |
| BingX DOGE-USDT | +0.0100% | 8h | 0.09890 | +0.220% | — | $76.6M | — | as long as short |
| Backpack DOGE_USDC_PERP | +0.0100% | 1h | 0.09882 | +0.139% | $349K | $1.1M | 15x | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.09951 | +0.838% | $969K | $8.2M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.09983 | +1.163% | $268K | $127.0M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.09944 | +0.768% | $635K | $4.5M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.09980 | +1.132% | $146K | $275K | 25x | as long as short |
| Polymarket Perps DOGE-USD | +0.0100% | 1h | 0.09880 | +0.117% | $254K | $641K | 10x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.09869 | +0.007% | $70K | $438K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.09870 | +0.021% | $24K | $1K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.09871 | +0.029% | $35K | $2.2M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.09870 | +0.017% | $2K | $3.7M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.09867 | −0.018% | $5.9M | $54.4M | 75x | as long as short |
| Phemex DOGEUSDT | +0.0100% | 8h | 0.09875 | +0.068% | $91.1M | $17.9M | 50x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.09871 | +0.028% | $523K | $3.9M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.09871 | +0.029% | $19K | — | 3x | as long as short |
| Paradex DOGE-USD-PERP | +0.0116% | 8h | 0.09882 | +0.137% | $18K | $7K | 30x | as long as short |
| Reya DOGERUSDPERP | +0.0184% | 1h | 0.09884 | +0.163% | $2K | — | 20x | as long as short |
| 01 Exchange DOGEUSD | +0.0192% | 1h | 0.09887 | +0.186% | $527 | $4K | 10x | as long as short |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.09978 | +1.112% | $15.4M | $25.6M | 75x | as long as short |
| Coinbase International DOGE-PERP-INTX | +0.0240% | 1h | 0.09869 | +0.007% | $2.0M | $24.7M | 50x | as long as short |
| Phoenix DOGEshort | +0.0241% | 1h | 0.09962 | +0.950% | $65K | $284K | 10x | |
| GMX DOGE/USD [ETH-USDC]long | L +0.0245% / S −0.0267% | 1h | 0.09868 | long leg | $307K | — | 200x | |
| RISEx DOGE/USDC | +0.0563% | 1h | 0.09886 | +0.180% | $318K | $406K | 10x | as long as short |
| Hyperliquid DOGE | +0.0694% | 1h | 0.09896 | +0.285% | $120.2M | $97.1M | 10x | as long as short |
| Injective DOGE/USDC PERP | +0.1004% | 1h | 0.09980 | +1.132% | $5K | $239K | 12x | as long as short |
Pacifica DOGE
Binance DOGEUSDT
Bybit DOGEUSDT
OKX DOGE-USDT-SWAP
Arcus DOGE-USD
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
Polymarket Perps DOGE-USD
Orderly PERP_DOGE_USDC
Derive DOGE-PERP
SunX DOGE-USDT
SoDEX DOGE-USD
HTX DOGE-USDT
Phemex DOGEUSDT
Extended DOGE-USD
Aevo DOGE-PERP
Paradex DOGE-USD-PERP
Reya DOGERUSDPERP
01 Exchange DOGEUSD
BloFin DOGE-USDT
Coinbase International DOGE-PERP-INTX
RISEx DOGE/USDC
Hyperliquid DOGE
Injective DOGE/USDC PERP