Funding you earn now, next payment 01:00 UTC+0.0441%/8h= +48.3% APRpaid last 24h 0.000%
Price spread now: Bulk against Phemex−0.411%7-day average −0.016% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$78as in the Price arb table
costs, in and out, $10k−$380.381% of the position
Funding, last 3 days (all we have)−0.005%−$1 on $10k
+Price spread, last 3 days (all we have)+0.445%+$44 · spread now −0.411%, 7d avg −0.016%
=Funding pays, the price is against you. Bulk is 0.395% cheaper against Phemex than usual: you would sell low and buy high (spread −0.411% now, against its 7-day average of −0.016%). If the spread goes back, that is −$39 on $10k: about 3.0 days of funding at the current rate (+$13 a day).
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.005% in total (about -0.6% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex DOGEUSDT | 0.1009 | −0.0341 | get 0.0341% / 8h | 7h 29m | $93.2M | $17.8M | 50x |
| Short | Bulk DOGE-USD | 0.1005 | 0.0100 | get 0.0013% / 1h | 29m 36s | $385K | $9K | 10x |
Phemex DOGEUSDT
Bulk DOGE-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bulk against Phemex. 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
- $92.56
- Price spread: −0.411% → −0.016%
- −$39.49
- Slippage, 4 orders
- −$19.11
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Bulk: 3.5 bp × 2 orders
- −$7
- Net
- $14.95
- Costs to cover
- 0.381%
- Break-even
- 5.9 days
Slippage from Phemex: live order book, 5 min ago; Bulk: live order book, 44 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, 5 min ago | 2.48 bp | 10.8 bp −$11 | 21.4 bp −$214 | doesn't fit | doesn't fit |
| Sell Bulk live order book, 44 min ago | 5.04 bp | 8.5 bp −$9 | 8.5 bp −$85 | 8.5 bp −$854 | 18.0 bp −$9,021 |
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 | |
|---|---|---|---|---|---|---|---|---|
| Phemex DOGEUSDTlong | −0.0341% | 8h | 0.1009 | long leg | $93.2M | $17.8M | 50x | |
| Bitget DOGEUSDT | −0.0184% | 8h | 0.1008 | −0.119% | $153.5M | $270.7M | 75x | as long as short |
| Kraken Futures PF_DOGEUSD | −0.0077% | 1h | 0.1010 | +0.053% | $6.1M | $33.9M | 50x | as long as short |
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.1011 | +0.157% | $409K | $4.8M | 2.8x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S 0.0000% | 1h | 0.1009 | −0.001% | $24K | — | 150x | as long as short |
| Deribit DOGE_USDC-PERPETUAL | +0.0008% | 1h | 0.1010 | +0.038% | $607K | $121K | 25x | as long as short |
| dYdX DOGE-USD | +0.0019% | 1h | 0.1008 | −0.110% | $226K | $44K | 10x | as long as short |
| Lighter DOGE | +0.0096% | 1h | 0.1009 | −0.011% | $789K | $5.8M | 15x | as long as short |
| Katana Perps DOGE-USD | +0.0100% | 8h | 0.1008 | −0.089% | $842 | $410K | 10x | as long as short |
| Nado DOGE-PERP | +0.0100% | 1h | 0.1009 | −0.050% | $517K | $973K | 10x | as long as short |
Bitget DOGEUSDT
Kraken Futures PF_DOGEUSD
Kalshi KXDOGEPERP
gTrade (Gains Network) DOGE/USD
Deribit DOGE_USDC-PERPETUAL
dYdX DOGE-USD
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 | 0.1010 | +0.064% | $5.0M | $46.3M | 75x | as long as short |
| Pacifica DOGE | +0.0100% | 1h | 0.1009 | +0.010% | $336K | $516K | 20x | as long as short |
| Binance DOGEUSDT | +0.0100% | 8h | 0.1009 | −0.075% | $320.7M | $1.40B | 75x | as long as short |
| Bybit DOGEUSDT | +0.0100% | 8h | 0.1008 | −0.099% | $160.0M | $437.8M | 75x | as long as short |
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.1009 | −0.040% | $110.8M | $972.1M | 50x | as long as short |
| Arcus DOGE-USD | +0.0100% | 1h | 0.1010 | +0.050% | $28K | $82K | 10x | as long as short |
| Bulk DOGE-USDshort | +0.0100% | 1h | 0.1005 | −0.411% | $385K | $9K | 10x | |
| Gate DOGE_USDT | +0.0100% | 8h | 0.1009 | −0.069% | $245.2M | $129.2M | 75x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.1009 | −0.030% | $113.9M | $224.5M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.1008 | −0.099% | $66.1M | $42.6M | 75x | as long as short |
| BingX DOGE-USDT | +0.0100% | 8h | 0.1009 | −0.030% | — | $76.1M | — | as long as short |
| Backpack DOGE_USDC_PERP | +0.0100% | 1h | 0.1011 | +0.168% | $366K | $1.1M | 15x | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.1010 | +0.079% | $1.0M | $8.1M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.1011 | +0.165% | $266K | $123.6M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.1011 | +0.149% | $634K | $4.5M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.1006 | −0.327% | $148K | $267K | 25x | as long as short |
| Polymarket Perps DOGE-USD | +0.0100% | 1h | 0.1009 | −0.030% | $273K | $589K | 10x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.1009 | +0.020% | $73K | $424K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.1009 | +0.013% | $25K | $1K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.1010 | +0.024% | $36K | $2.2M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.1010 | +0.030% | $2K | $3.8M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.1009 | −0.040% | $6.0M | $52.6M | 75x | as long as short |
| Paradex DOGE-USD-PERP | +0.0100% | 8h | 0.1009 | −0.073% | $18K | $5K | 30x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.1009 | −0.056% | $532K | $3.9M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.1009 | +0.010% | $19K | — | 3x | as long as short |
| Reya DOGERUSDPERP | +0.0181% | 1h | 0.1009 | −0.021% | $2K | — | 20x | as long as short |
| 01 Exchange DOGEUSD | +0.0192% | 1h | 0.1010 | +0.054% | $533 | $4K | 10x | as long as short |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.1011 | +0.139% | $15.4M | $25.8M | 75x | as long as short |
| Coinbase International DOGE-PERP-INTX | +0.0240% | 1h | 0.1010 | +0.079% | $2.0M | $25.0M | 50x | as long as short |
| Phoenix DOGE | +0.0240% | 1h | 0.1008 | −0.159% | $67K | $283K | 10x | as long as short |
| GMX DOGE/USD [ETH-USDC] | L +0.0245% / S −0.0263% | 1h | 0.1009 | −0.002% | $311K | — | 200x | as long as short |
| RISEx DOGE/USDC | +0.0701% | 1h | 0.1010 | +0.030% | $324K | $479K | 10x | as long as short |
| Hyperliquid DOGE | +0.0848% | 1h | 0.1011 | +0.178% | $123.1M | $94.5M | 10x | as long as short |
| Injective DOGE/USDC PERP | +0.0973% | 1h | 0.1014 | +0.466% | $5K | $239K | 12x | as long as short |
Aster DOGEUSDT
Pacifica DOGE
Binance DOGEUSDT
Bybit DOGEUSDT
OKX DOGE-USDT-SWAP
Arcus 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
Paradex DOGE-USD-PERP
Extended DOGE-USD
Aevo DOGE-PERP
Reya DOGERUSDPERP
01 Exchange DOGEUSD
BloFin DOGE-USDT
Coinbase International DOGE-PERP-INTX
Phoenix DOGE
GMX DOGE/USD [ETH-USDC]
RISEx DOGE/USDC
Hyperliquid DOGE
Injective DOGE/USDC PERP