Funding you earn now, next payment 09:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h −0.191%
Price spread now: Phemex against Injective−6.011%65s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−1.515%−$151 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Funding pays, the price is against you. Phemex is 6.011% cheaper against Injective than usual: you would sell low and buy high (spread −6.011% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$601 on $10k: about 10 months of funding at the current rate (+$2 a day). Mind the row above: over the last 7 days funding on this pair cost −1.515%, so the current rate has only just turned in your favour. 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 | Injective DOGE/USDC PERP | 0.1053 | 0.0033 | pay 0.0004% / 1h | 22m 05s | $6K | $242K | 12x |
| Short | Phemex DOGEUSDT | 0.09897 | 0.0100 | get 0.0100% / 8h | 7h 22m | $90.4M | $16.5M | 50x |
Injective DOGE/USDC PERP
Phemex DOGEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against Injective. 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
- $14
- Price spread: −6.011% → 0.000%
- −$601.14
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$599.16
- Costs to cover
- 0.120%
- Break-even
- 306.6 days
Slippage unknown: Injective: no order-book sample; Phemex: live order book, 2 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 Injective no order-book sample | — | — | — | — | — |
| Sell Phemex live order book, 2 min ago | 3.05 bp | 16.2 bp −$16 | 34.3 bp −$343 | doesn't fit | doesn't fit |
Injective: 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_DOGEUSD | −0.0096% | 1h | 0.09895 | −6.029% | $5.5M | $40.9M | 50x | as long as short |
| Bitget DOGEUSDT | −0.0014% | 8h | 0.09893 | −6.049% | $140.1M | $347.3M | 75x | as long as short |
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.09893 | −6.050% | $512K | $6.7M | 2.8x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S 0.0000% | 1h | 0.09898 | −6.006% | $33K | — | 150x | as long as short |
| Injective DOGE/USDC PERPlong | +0.0033% | 1h | 0.1053 | long leg | $6K | $242K | 12x | |
| Gate DOGE_USDT | +0.0055% | 8h | 0.09896 | −6.021% | $250.1M | $155.2M | 75x | as long as short |
| Phoenix DOGE | +0.0081% | 1h | 0.09822 | −6.726% | $18K | $386K | 10x | as long as short |
| Lighter DOGE | +0.0096% | 1h | 0.09903 | −5.955% | $824K | $6.8M | 15x | as long as short |
| Katana Perps DOGE-USD | +0.0100% | 8h | 0.09886 | −6.116% | $826 | $545K | 10x | as long as short |
| Nado DOGE-PERP | +0.0100% | 1h | 0.09891 | −6.064% | $510K | $1.1M | 10x | as long as short |
Kraken Futures PF_DOGEUSD
Bitget DOGEUSDT
Kalshi KXDOGEPERP
gTrade (Gains Network) DOGE/USD
Gate DOGE_USDT
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 | 0.09908 | −5.910% | $123.4M | $116.3M | 10x | as long as short |
| Aster DOGEUSDT | +0.0100% | 8h | 0.09897 | −6.011% | $4.9M | $59.1M | 75x | as long as short |
| Pacifica DOGE | +0.0100% | 1h | 0.09889 | −6.086% | $321K | $481K | 20x | as long as short |
| Binance DOGEUSDT | +0.0100% | 8h | 0.09896 | −6.021% | $326.5M | $1.71B | 75x | as long as short |
| Bybit DOGEUSDT | +0.0100% | 8h | 0.09895 | −6.030% | $164.5M | $522.6M | 75x | as long as short |
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.09901 | −5.973% | $114.7M | $1.19B | 50x | as long as short |
| Arcus DOGE-USD | +0.0100% | 1h | 0.09896 | −6.021% | $16K | $306K | 10x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.09784 | −7.083% | $374K | $2K | 10x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.09895 | −6.030% | $114.9M | $262.9M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.09898 | −6.002% | $65.7M | $49.3M | 75x | as long as short |
| BingX DOGE-USDC | +0.0100% | 8h | 0.09895 | −6.030% | — | $3.5M | — | as long as short |
| Backpack DOGE_USDC_PERP | +0.0100% | 1h | 0.09902 | −5.964% | $303K | $1.3M | 15x | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.09791 | −7.017% | $1.0M | $8.4M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.09813 | −6.810% | $261K | $139.2M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.09813 | −6.811% | $627K | $4.2M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.09820 | −6.743% | $140K | $348K | 25x | as long as short |
| Polymarket Perps DOGE-USD | +0.0100% | 1h | 0.09891 | −6.073% | $257K | $1.2M | 10x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.09899 | −5.992% | $71K | $465K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.09809 | −6.850% | $18K | $7K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.09901 | −5.970% | $34K | $2.2M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.09897 | −6.011% | $2K | $5.4M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.09902 | −5.969% | $5.9M | $69.3M | 75x | as long as short |
| Phemex DOGEUSDTshort | +0.0100% | 8h | 0.09897 | −6.011% | $90.4M | $16.5M | 50x | |
| Paradex DOGE-USD-PERP | +0.0100% | 8h | 0.09891 | −6.069% | $18K | $5K | 30x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.09893 | −6.049% | $478K | $4.1M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.09897 | −6.009% | $19K | — | 3x | as long as short |
| Deribit DOGE_USDC-PERPETUAL | +0.0114% | 1h | 0.09901 | −5.971% | $554K | $301K | 25x | as long as short |
| Reya DOGERUSDPERP | +0.0202% | 1h | 0.09890 | −6.074% | $2K | — | 20x | as long as short |
| Coinbase International DOGE-PERP-INTX | +0.0208% | 1h | 0.09903 | −5.954% | $1.9M | $34.9M | 50x | as long as short |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.09875 | −6.220% | $15.5M | $26.9M | 75x | as long as short |
| 01 Exchange DOGEUSD | +0.0232% | 1h | 0.09895 | −6.032% | $455 | $4K | 10x | as long as short |
| GMX DOGE/USD [ETH-USDC] | L +0.0251% / S −0.0267% | 1h | 0.09873 | −6.242% | $329K | — | 200x | as long as short |
| dYdX DOGE-USD | +0.0450% | 1h | 0.09889 | −6.084% | $232K | $74K | 10x | as long as short |
| RISEx DOGE/USDC | +0.0717% | 1h | 0.09899 | −5.989% | $398K | $449K | 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
BingX DOGE-USDC
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
Reya DOGERUSDPERP
Coinbase International DOGE-PERP-INTX
BloFin DOGE-USDT
01 Exchange DOGEUSD
GMX DOGE/USD [ETH-USDC]
dYdX DOGE-USD
RISEx DOGE/USDC