Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Bybit against Phemex−0.097%7-day average −0.030% · you buy dearer than you sell
Net, funding: paid 7d − costs−$50as in the Funding arb table
Net, price: spread back to 7d avg − costs−$51as in the Price arb table
costs, in and out, $10k−$440.441% of the position
Funding, last 7 days−0.061%−$6 on $10k
+Price spread, last 4 days (all we have)+0.101%+$10 · spread now −0.097%, 7d avg −0.030%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.067% cheaper against Phemex than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of −0.030%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex DOGEUSDT | 0.1027 | 0.0100 | pay 0.0100% / 8h | 3h 26m | $94.5M | $17.2M | 50x |
| Short | Bybit DOGEUSDT | 0.1027 | 0.0100 | get 0.0100% / 8h | 3h 26m | $168.6M | $495.7M | 75x |
Phemex DOGEUSDT
Bybit DOGEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- $0
- Price spread: −0.097% → −0.030%
- −$6.72
- Slippage, 4 orders
- −$21.1
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$50.83
- Costs to cover
- 0.441%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 3 min ago; Bybit: live order book, 3 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, 3 min ago | 4.34 bp | 13.5 bp −$13 | 20.3 bp −$203 | 40.7 bp −$4,068 | doesn't fit |
| Sell Bybit live order book, 3 min ago | 0.48 bp | 8.7 bp −$9 | 12.2 bp −$122 | 23.7 bp −$2,372 | 47.5 bp −$23.7K |
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 | |
|---|---|---|---|---|---|---|---|---|
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.1028 | +0.014% | $709K | $6.3M | 2.8x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S 0.0000% | 1h | 0.1027 | −0.082% | $24K | — | 150x | as long as short |
| dYdX DOGE-USD | +0.0015% | 1h | 0.1029 | +0.171% | $231K | $70K | 10x | as long as short |
| Bitget DOGEUSDT | +0.0053% | 8h | 0.1027 | −0.068% | $134.0M | $315.4M | 75x | as long as short |
| Lighter DOGE | +0.0096% | 1h | 0.1028 | +0.013% | $725K | $6.4M | 15x | as long as short |
| Nado DOGE-PERP | +0.0100% | 1h | 0.1027 | −0.010% | $557K | $1.1M | 10x | as long as short |
| Aster DOGEUSDT | +0.0100% | 8h | 0.1027 | −0.062% | $4.9M | $54.3M | 75x | as long as short |
| Pacifica DOGE | +0.0100% | 1h | 0.1030 | +0.265% | $330K | $518K | 20x | as long as short |
| Binance DOGEUSDT | +0.0100% | 8h | 0.1027 | −0.068% | $340.2M | $1.61B | 75x | as long as short |
| Bybit DOGEUSDTshort | +0.0100% | 8h | 0.1027 | −0.097% | $168.6M | $495.7M | 75x |
Kalshi KXDOGEPERP
gTrade (Gains Network) DOGE/USD
dYdX DOGE-USD
Bitget DOGEUSDT
Lighter DOGE
Nado DOGE-PERP
Aster DOGEUSDT
Pacifica DOGE
Binance DOGEUSDTShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.1027 | −0.078% | $117.4M | $1.15B | 50x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.1046 | +1.827% | $402K | $16K | 10x | as long as short |
| Gate DOGE_USDT | +0.0100% | 8h | 0.1027 | −0.088% | $253.9M | $144.9M | 75x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.1027 | −0.029% | $116.0M | $243.8M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.1027 | −0.078% | $67.4M | $48.1M | 75x | as long as short |
| BingX DOGE-USDC | +0.0100% | 8h | 0.1026 | −0.107% | — | $3.5M | — | as long as short |
| Backpack DOGE_USDC_PERP | +0.0100% | 1h | 0.1027 | −0.068% | $342K | $1.2M | 15x | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.1026 | −0.140% | $1.1M | $8.4M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.1038 | +1.034% | $331K | $135.3M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.1038 | +1.035% | $656K | $4.5M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.1039 | +1.119% | $155K | $327K | 25x | as long as short |
| Polymarket Perps DOGE-USD | +0.0100% | 1h | 0.1027 | −0.088% | $259K | $974K | 10x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.1027 | −0.010% | $69K | $467K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.1027 | −0.010% | $25K | $1K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.1028 | +0.018% | $36K | $2.3M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.1028 | +0.010% | $2K | $5.0M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.1027 | −0.048% | $6.1M | $65.1M | 75x | as long as short |
| Phemex DOGEUSDTlong | +0.0100% | 8h | 0.1027 | long leg | $94.5M | $17.2M | 50x | |
| Paradex DOGE-USD-PERP | +0.0100% | 8h | 0.1029 | +0.144% | $18K | $7K | 30x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.1027 | −0.082% | $497K | $4.1M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.1028 | +0.002% | $20K | — | 3x | as long as short |
| Katana Perps DOGE-USD | +0.0122% | 8h | 0.1028 | +0.010% | $2K | $496K | 10x | as long as short |
| Reya DOGERUSDPERP | +0.0192% | 1h | 0.1026 | −0.097% | $2K | — | 20x | as long as short |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.1030 | +0.273% | $16.7M | $27.2M | 75x | as long as short |
| Phoenix DOGE | +0.0235% | 1h | 0.1032 | +0.449% | $19K | $292K | 10x | as long as short |
| Deribit DOGE_USDC-PERPETUAL | +0.0237% | 1h | 0.1028 | +0.021% | $583K | $247K | 25x | as long as short |
| Kraken Futures PF_DOGEUSD | +0.0245% | 1h | 0.1027 | −0.021% | $5.5M | $38.7M | 50x | as long as short |
| GMX DOGE/USD [ETH-USDC] | L +0.0256% / S −0.0309% | 1h | 0.1026 | −0.102% | $331K | — | 200x | as long as short |
| 01 Exchange DOGEUSD | +0.0264% | 1h | 0.1028 | +0.047% | $457 | $4K | 10x | as long as short |
| Coinbase International DOGE-PERP-INTX | +0.0304% | 1h | 0.1028 | +0.010% | $2.0M | $33.0M | 50x | as long as short |
| Hyperliquid DOGE | +0.0531% | 1h | 0.1028 | +0.029% | $128.2M | $110.1M | 10x | as long as short |
| Arcus DOGE-USD | +0.0634% | 1h | 0.1028 | +0.078% | $111K | $200K | 10x | as long as short |
| RISEx DOGE/USDC | +0.0728% | 1h | 0.1028 | +0.064% | $415K | $428K | 10x | as long as short |
| Injective DOGE/USDC PERP | +0.1062% | 1h | 0.1053 | +2.482% | $6K | $242K | 12x | as long as short |
OKX DOGE-USDT-SWAP
Bulk DOGE-USD
Gate DOGE_USDT
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
Katana Perps DOGE-USD
Reya DOGERUSDPERP
BloFin DOGE-USDT
Phoenix DOGE
Deribit DOGE_USDC-PERPETUAL
Kraken Futures PF_DOGEUSD
GMX DOGE/USD [ETH-USDC]
01 Exchange DOGEUSD
Coinbase International DOGE-PERP-INTX
Hyperliquid DOGE
Arcus DOGE-USD
RISEx DOGE/USDC
Injective DOGE/USDC PERP