Funding you earn now, next payment 11:00 UTC+0.0008%/8h= +0.9% APRpaid last 24h −0.011%
Price spread now: Deribit against Phemex+0.016%7-day average −0.009% · you sell dearer than you buy
Net, funding: paid 7d − costs−$62as in the Funding arb table
Net, price: spread back to 7d avg − costs−$44as in the Price arb table
costs, in and out, $10k−$470.470% of the position
Funding, last 7 days−0.154%−$15 on $10k
+Price spread, last 4 days (all we have)+0.008%+$1 · spread now +0.016%, 7d avg −0.009%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Deribit is 0.025% dearer against Phemex than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.009%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex DOGEUSDT | 0.09778 | 0.0100 | pay 0.0100% / 8h | 5h 06m | $89.2M | $15.5M | 50x |
| Short | Deribit DOGE_USDC-PERPETUAL | 0.09780 | 0.0108 | get 0.0013% / 1h | 6m 58s | $547K | $292K | 25x |
Phemex DOGEUSDT
Deribit DOGE_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- $1.68
- Price spread: +0.016% → −0.009%
- $2.52
- Slippage, 4 orders
- −$27.99
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$42.79
- Costs to cover
- 0.470%
- Break-even
- 185.3 days
Slippage from Phemex: live order book, 5 min ago; Deribit: live order book, 40 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 | 2.56 bp | 12.8 bp −$13 | 20.8 bp −$208 | 38.9 bp −$3,888 | doesn't fit |
| Sell Deribit live order book, 40 min ago | 2.54 bp | 7.0 bp −$7 | 13.0 bp −$130 | doesn't fit | doesn't fit |
DOGE on 44 exchanges
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 | −0.0140% | 1h | 0.09778 | +0.004% | $5.3M | $39.1M | 50x | as long as short |
| Bitget DOGEUSDT | −0.0048% | 8h | 0.09771 | −0.072% | $138.1M | $292.6M | 75x | as long as short |
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.09780 | +0.018% | $501K | $6.1M | 2.8x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S 0.0000% | 1h | 0.09779 | +0.015% | $32K | — | 150x | as long as short |
| Bybit DOGEUSDT | +0.0003% | 8h | 0.09777 | −0.010% | $164.5M | $493.7M | 75x | as long as short |
| Injective DOGE/USDC PERP | +0.0033% | 1h | 0.1053 | +7.691% | $6K | $240K | 12x | as long as short |
| Gate DOGE_USDT | +0.0067% | 8h | 0.09777 | −0.010% | $252.1M | $147.3M | 75x | as long as short |
| Phoenix DOGE | +0.0081% | 1h | 0.09785 | +0.067% | $18K | $311K | 10x | as long as short |
| Lighter DOGE | +0.0096% | 1h | 0.09784 | +0.064% | $804K | $6.4M | 15x | as long as short |
| Katana Perps DOGE-USD | +0.0100% | 8h | 0.09777 | −0.010% | $936 | $536K | 10x | as long as short |
Kraken Futures PF_DOGEUSD
Bitget DOGEUSDT
Kalshi KXDOGEPERP
gTrade (Gains Network) DOGE/USD
Bybit DOGEUSDT
Injective DOGE/USDC PERP
Gate DOGE_USDT
Phoenix DOGE
Lighter DOGE
Katana Perps DOGE-USDShow all 44 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Paradex DOGE-USD-PERP | +0.0100% | 8h | 0.09779 | +0.012% | $18K | $5K | 30x | as long as short |
| Nado DOGE-PERP | +0.0100% | 1h | 0.09778 | 0.000% | $508K | $1.1M | 10x | as long as short |
| Hyperliquid DOGE | +0.0100% | 1h | 0.09785 | +0.070% | $120.9M | $107.3M | 10x | as long as short |
| Aster DOGEUSDT | +0.0100% | 8h | 0.09781 | +0.029% | $4.9M | $57.5M | 75x | as long as short |
| Pacifica DOGE | +0.0100% | 1h | 0.09784 | +0.056% | $309K | $442K | 20x | as long as short |
| Binance DOGEUSDT | +0.0100% | 8h | 0.09783 | +0.047% | $323.2M | $1.60B | 75x | as long as short |
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.09783 | +0.051% | $117.0M | $1.09B | 50x | as long as short |
| Arcus DOGE-USD | +0.0100% | 1h | 0.09785 | +0.072% | $15K | $308K | 10x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.09789 | +0.109% | $374K | $5K | 10x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.09781 | +0.031% | $112.9M | $252.1M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.09781 | +0.031% | $63.8M | $45.0M | 75x | as long as short |
| BingX DOGE-USDT | +0.0100% | 8h | 0.09780 | +0.020% | — | $46.0M | — | as long as short |
| Backpack DOGE_USDC_PERP | +0.0100% | 1h | 0.09777 | −0.010% | $309K | $1.2M | 15x | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.09768 | −0.102% | $1.3M | $7.6M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.09775 | −0.029% | $255K | $125.5M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.09778 | 0.000% | $616K | $3.9M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.09780 | +0.020% | $138K | $345K | 25x | as long as short |
| Polymarket Perps DOGE-USD | +0.0100% | 1h | 0.09779 | +0.008% | $216K | $1.2M | 10x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.09778 | 0.000% | $67K | $423K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.09779 | +0.007% | $18K | $6K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.09785 | +0.067% | $34K | $1.9M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.09779 | +0.010% | $3K | $5.2M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.09785 | +0.070% | $5.9M | $64.7M | 75x | as long as short |
| Phemex DOGEUSDTlong | +0.0100% | 8h | 0.09778 | long leg | $89.2M | $15.5M | 50x | |
| Extended DOGE-USD | +0.0104% | 1h | 0.09773 | −0.047% | $479K | $3.4M | 50x | as long as short |
| 01 Exchange DOGEUSD | +0.0104% | 1h | 0.09784 | +0.058% | $450 | $4K | 10x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.09777 | −0.010% | $19K | — | 3x | as long as short |
| Deribit DOGE_USDC-PERPETUALshort | +0.0108% | 1h | 0.09780 | +0.016% | $547K | $292K | 25x | |
| dYdX DOGE-USD | +0.0153% | 1h | 0.09785 | +0.075% | $230K | $75K | 10x | as long as short |
| Reya DOGERUSDPERP | +0.0208% | 1h | 0.09777 | −0.007% | $2K | — | 20x | as long as short |
| GMX DOGE/USD [ETH-USDC] | L +0.0211% / S −0.0187% | 1h | 0.09775 | −0.031% | $286K | — | 200x | as long as short |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.09782 | +0.041% | $15.4M | $25.5M | 75x | as long as short |
| Coinbase International DOGE-PERP-INTX | +0.0264% | 1h | 0.09782 | +0.041% | $2.3M | $32.8M | 50x | as long as short |
| RISEx DOGE/USDC | +0.0587% | 1h | 0.09785 | +0.071% | $406K | $389K | 10x | as long as short |
Paradex DOGE-USD-PERP
Nado DOGE-PERP
Hyperliquid DOGE
Aster DOGEUSDT
Pacifica DOGE
Binance DOGEUSDT
OKX DOGE-USDT-SWAP
Arcus DOGE-USD
Bulk DOGE-USD
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
Extended DOGE-USD
01 Exchange DOGEUSD
Aevo DOGE-PERP
dYdX DOGE-USD
Reya DOGERUSDPERP
GMX DOGE/USD [ETH-USDC]
BloFin DOGE-USDT
Coinbase International DOGE-PERP-INTX
RISEx DOGE/USDC