Funding you earn now, next payment 22:00 UTC−0.0019%/8h= −2.1% APRpaid last 24h −0.021%
Price spread now: Phoenix against HTX+0.444%7-day average −0.001% · you sell dearer than you buy
Net, funding: paid 7d − costs−$64as in the Funding arb table
Net, price: spread back to 7d avg − costs+$4as in the Price arb table
costs, in and out, $10k−$400.402% of the position
Funding, last 7 days−0.241%−$24 on $10k
+Price spread, last 3 days (all we have)−0.448%−$45 · spread now +0.444%, 7d avg −0.001%
=The price spread pays, funding is against you. Phoenix is 0.445% dearer against HTX than usual: you sell high and buy low (spread +0.444% now, against its 7-day average of −0.001%): +$45 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 3 months. At the pace of the last 7 days (−0.241% in total) that is about 13 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | HTX DOGE-USDT | 0.1004 | 0.0100 | pay 0.0100% / 8h | 1h 18m | $6.0M | $50.4M | 75x |
| Short | Phoenix DOGE | 0.1009 | 0.0081 | get 0.0010% / 1h | 18m 48s | $67K | $222K | 10x |
HTX DOGE-USDT
Phoenix DOGEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against HTX. 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
- −$4.09
- Price spread: +0.444% → −0.001%
- $44.54
- Slippage, 4 orders
- −$21.16
- Fee HTX: 6 bp × 2 orders
- −$12
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $0.29
- Costs to cover
- 0.402%
- Break-even
- from the start
Slippage from HTX: live order book, 5 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 HTX live order book, 5 min ago | 1.44 bp | 7.8 bp −$8 | 13.5 bp −$135 | 46.0 bp −$4,604 | doesn't fit |
| Sell Phoenix live order book, 59 min ago | 1.00 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 DOGEUSDT | −0.0263% | 8h | 0.1004 | −0.057% | $153.2M | $266.4M | 75x | as long as short |
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.1004 | +0.019% | $419K | $4.7M | 2.8x | as long as short |
| Deribit DOGE_USDC-PERPETUAL | 0.0000% | 1h | 0.1004 | +0.018% | $608K | $109K | 25x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S −0.0001% | 1h | 0.1005 | +0.043% | $32K | — | 150x | as long as short |
| dYdX DOGE-USD | +0.0014% | 1h | 0.1004 | +0.011% | $225K | $44K | 10x | as long as short |
| Phoenix DOGEshort | +0.0081% | 1h | 0.1009 | +0.444% | $67K | $222K | 10x | |
| Gate DOGE_USDT | +0.0092% | 8h | 0.1003 | −0.087% | $241.7M | $124.4M | 75x | as long as short |
| Lighter DOGE | +0.0096% | 1h | 0.1005 | +0.058% | $792K | $5.4M | 15x | as long as short |
| Katana Perps DOGE-USD | +0.0097% | 8h | 0.1004 | −0.007% | $839 | $371K | 10x | as long as short |
| Nado DOGE-PERP | +0.0100% | 1h | 0.1004 | −0.022% | $578K | $856K | 10x | as long as short |
Bitget DOGEUSDT
Kalshi KXDOGEPERP
Deribit DOGE_USDC-PERPETUAL
gTrade (Gains Network) DOGE/USD
dYdX DOGE-USD
Gate DOGE_USDT
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 | |
|---|---|---|---|---|---|---|---|---|
| Aster DOGEUSDT | +0.0100% | 8h | 0.1004 | −0.027% | $5.0M | $43.8M | 75x | as long as short |
| Pacifica DOGE | +0.0100% | 1h | 0.1005 | +0.041% | $335K | $509K | 20x | as long as short |
| Binance DOGEUSDT | +0.0100% | 8h | 0.1004 | −0.017% | $319.8M | $1.32B | 75x | as long as short |
| Bybit DOGEUSDT | +0.0100% | 8h | 0.1004 | −0.037% | $159.2M | $421.0M | 75x | as long as short |
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.1004 | −0.007% | $109.4M | $931.3M | 50x | as long as short |
| Arcus DOGE-USD | +0.0100% | 1h | 0.1005 | +0.043% | $28K | $76K | 10x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.1006 | +0.205% | $386K | $14K | 10x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.1004 | −0.047% | $112.1M | $217.5M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.1004 | −0.047% | $66.0M | $41.0M | 75x | as long as short |
| BingX DOGE-USDT | +0.0100% | 8h | 0.1004 | −0.037% | — | $74.8M | — | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.1007 | +0.294% | $1.0M | $8.1M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.1008 | +0.354% | $276K | $116.4M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.1008 | +0.341% | $634K | $4.6M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.1009 | +0.481% | $148K | $245K | 25x | as long as short |
| Polymarket Perps DOGE-USD | +0.0100% | 1h | 0.1004 | +0.023% | $268K | $541K | 10x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.1004 | −0.007% | $73K | $432K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.1004 | −0.016% | $25K | $1K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.1005 | +0.082% | $36K | $2.2M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.1004 | +0.003% | $2K | $3.6M | 10x | as long as short |
| HTX DOGE-USDTlong | +0.0100% | 8h | 0.1004 | long leg | $6.0M | $50.4M | 75x | |
| Phemex DOGEUSDT | +0.0100% | 8h | 0.1004 | +0.023% | $93.0M | $19.2M | 50x | as long as short |
| Paradex DOGE-USD-PERP | +0.0100% | 8h | 0.1004 | +0.008% | $18K | $5K | 30x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.1003 | −0.076% | $559K | $3.6M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.1004 | +0.022% | $19K | — | 3x | as long as short |
| Reya DOGERUSDPERP | +0.0177% | 1h | 0.1005 | +0.074% | $2K | — | 20x | as long as short |
| 01 Exchange DOGEUSD | +0.0184% | 1h | 0.1004 | +0.028% | $530 | $4K | 10x | as long as short |
| Coinbase International DOGE-PERP-INTX | +0.0216% | 1h | 0.1005 | +0.113% | $2.0M | $23.6M | 50x | as long as short |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.1005 | +0.053% | $15.3M | $24.9M | 75x | as long as short |
| GMX DOGE/USD [ETH-USDC] | L +0.0246% / S −0.0222% | 1h | 0.1005 | +0.064% | $340K | — | 200x | as long as short |
| Kraken Futures PF_DOGEUSD | +0.0363% | 1h | 0.1004 | +0.002% | $5.9M | $32.8M | 50x | as long as short |
| Backpack DOGE_USDC_PERP | +0.0409% | 1h | 0.1005 | +0.043% | $537K | $956K | 15x | as long as short |
| Hyperliquid DOGE | +0.0452% | 1h | 0.1006 | +0.162% | $111.7M | $83.2M | 10x | as long as short |
| RISEx DOGE/USDC | +0.0702% | 1h | 0.1005 | +0.048% | $315K | $476K | 10x | as long as short |
| Injective DOGE/USDC PERP | +0.0966% | 1h | 0.1006 | +0.182% | $5K | $223K | 12x | as long as short |
Aster DOGEUSDT
Pacifica DOGE
Binance DOGEUSDT
Bybit DOGEUSDT
OKX DOGE-USDT-SWAP
Arcus DOGE-USD
Bulk DOGE-USD
MEXC DOGE_USDT
KuCoin DOGEUSDTM
BingX DOGE-USDT
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
Phemex DOGEUSDT
Paradex DOGE-USD-PERP
Extended DOGE-USD
Aevo DOGE-PERP
Reya DOGERUSDPERP
01 Exchange DOGEUSD
Coinbase International DOGE-PERP-INTX
BloFin DOGE-USDT
GMX DOGE/USD [ETH-USDC]
Kraken Futures PF_DOGEUSD
Backpack DOGE_USDC_PERP
Hyperliquid DOGE
RISEx DOGE/USDC
Injective DOGE/USDC PERP