DOGE

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0120%/8h= +13.1% APRnext payment +$1.20 per $10,000 · paid last 24h +0.036%

Price spread now: BloFin against Phemex+0.090%59s7-day average +0.002% · you sell dearer than you buy

Net, funding: paid 7d − costs−$20as 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−$410.409% of the position

Long on Phemex Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.211%+$21 on $10k

Price spread, last 4 days (all we have)−0.101%−$10 · spread now +0.090%, 7d avg +0.002%

Together, before fees+0.109%+$11 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and BloFin is 0.088% dearer against Phemex than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of +0.002%. The two prices were read 59 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	Phemex DOGEUSDT	0.09984	0.0100	pay 0.0100% / 8h	1h 27m	$91.7M	$16.9M	50x
Short	BloFin DOGE-USDT	0.09993	0.0220	get 0.0220% / 8h	1h 27m	$16.2M	$27.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Phemex. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee PhemexbpFee BloFinbpOrdersPrice spread, now +0.090%Rate

Funding earned: $25.2
Price spread: +0.090% → +0.002%: $8.82
Slippage, 4 orders: −$16.9
Fee Phemex: 6 bp × 2 orders: −$12
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$6.89
Costs to cover: 0.409%
Break-even: 8.9 days

Slippage from Phemex: live order book, 2 min ago; BloFin: live order book, 7 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 Phemex live order book, 2 min ago	0.50 bp	13.2 bp −$13	18.8 bp −$188	doesn't fit	doesn't fit
Sell BloFin live order book, 7 min ago	1.50 bp	7.5 bp −$8	10.0 bp −$100	22.8 bp −$2,277	40.0 bp −$20.0K

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	−0.0082%	1h	0.1001	+0.228%	$5.6M	$40.5M	50x	as long as short
dYdX DOGE-USD	0.0000%	1h	0.1000	+0.173%	$225K	$69K	10x	as long as short
Kalshi KXDOGEPERP	0.0000%	8h	0.09982	−0.023%	$611K	$6.6M	2.8x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S 0.0000%	1h	0.09980	−0.037%	$35K	—	150x	as long as short
Injective DOGE/USDC PERP	+0.0033%	1h	0.1053	+5.469%	$6K	$242K	12x	as long as short
Polymarket Perps DOGE-USD	+0.0037%	1h	0.10000	+0.158%	$267K	$1.2M	10x	as long as short
Bitget DOGEUSDT	+0.0061%	8h	0.1000	+0.180%	$142.2M	$344.2M	75x	as long as short
Phoenix DOGE	+0.0080%	1h	0.09997	+0.127%	$18K	$382K	10x	as long as short
Lighter DOGE	+0.0096%	1h	0.1001	+0.269%	$852K	$6.8M	15x	as long as short
Aster DOGEUSDT	+0.0100%	8h	0.1001	+0.245%	$4.6M	$58.5M	75x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica DOGE	+0.0100%	1h	0.1001	+0.213%	$320K	$500K	20x	as long as short
Binance DOGEUSDT	+0.0100%	8h	0.1001	+0.277%	$329.7M	$1.71B	75x	as long as short
Bybit DOGEUSDT	+0.0100%	8h	0.1001	+0.220%	$165.6M	$520.7M	75x	as long as short
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.1001	+0.220%	$117.8M	$1.20B	50x	as long as short
Bulk DOGE-USD	+0.0100%	1h	0.09990	+0.060%	$384K	$16K	10x	as long as short
Gate DOGE_USDT	+0.0100%	8h	0.1000	+0.200%	$250.1M	$156.4M	75x	as long as short
MEXC DOGE_USDT	+0.0100%	8h	0.1001	+0.240%	$111.2M	$258.1M	300x	as long as short
KuCoin DOGEUSDTM	+0.0100%	8h	0.1000	+0.160%	$66.6M	$50.1M	75x	as long as short
BingX DOGE-USDT	+0.0100%	8h	0.1001	+0.240%	—	$80.6M	—	as long as short
Backpack DOGE_USDC_PERP	+0.0100%	1h	0.09989	+0.050%	$304K	$1.3M	15x	as long as short
Variational Omni DOGE	+0.0100%	8h	0.09984	−0.002%	$1.1M	$8.7M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.09994	+0.103%	$303K	$140.1M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.09988	+0.040%	$630K	$4.7M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.1000	+0.160%	$150K	$338K	25x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.1000	+0.175%	$540K	$1.1M	10x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.1001	+0.250%	$66K	$467K	50x	as long as short
Derive DOGE-PERP	+0.0100%	1h	0.09967	−0.174%	$19K	$7K	10x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.1001	+0.265%	$35K	$2.3M	30x	as long as short
SoDEX DOGE-USD	+0.0100%	1h	0.1001	+0.230%	$2K	$5.4M	10x	as long as short
HTX DOGE-USDT	+0.0100%	8h	0.09982	−0.024%	$5.9M	$68.8M	75x	as long as short
Phemex DOGEUSDTlong	+0.0100%	8h	0.09984	long leg	$91.7M	$16.9M	50x
Paradex DOGE-USD-PERP	+0.0100%	8h	0.1000	+0.169%	$18K	$5K	30x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.1000	+0.187%	$486K	$4.1M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.1001	+0.235%	$19K	—	3x	as long as short
Katana Perps DOGE-USD	+0.0108%	8h	0.09999	+0.150%	$835	$536K	10x	as long as short
Hyperliquid DOGE	+0.0129%	1h	0.1001	+0.300%	$124.3M	$116.5M	10x	as long as short
Reya DOGERUSDPERP	+0.0197%	1h	0.09980	−0.037%	$2K	—	20x	as long as short
BloFin DOGE-USDTshort	+0.0220%	8h	0.09993	+0.090%	$16.2M	$27.1M	75x
Coinbase International DOGE-PERP-INTX	+0.0240%	1h	0.1001	+0.270%	$1.9M	$34.9M	50x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0250% / S −0.0297%	1h	0.09983	−0.013%	$314K	—	200x	as long as short
01 Exchange DOGEUSD	+0.0264%	1h	0.1001	+0.234%	$445	$4K	10x	as long as short
Deribit DOGE_USDC-PERPETUAL	+0.0320%	1h	0.1001	+0.268%	$574K	$252K	25x	as long as short
Arcus DOGE-USD	+0.0387%	1h	0.09999	+0.150%	$21K	$307K	10x	as long as short
RISEx DOGE/USDC	+0.0626%	1h	0.1002	+0.316%	$403K	$458K	10x	as long as short