Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.002%
Price spread now: OKX against Phemex−0.098%7-day average −0.029% · you buy dearer than you sell
Net, funding: paid 7d − costs−$42as in the Funding arb table
Net, price: spread back to 7d avg − costs−$47as in the Price arb table
costs, in and out, $10k−$400.397% of the position
Funding, last 7 days−0.021%−$2 on $10k
+Price spread, last 3 days (all we have)+0.115%+$12 · spread now −0.098%, 7d avg −0.029%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: OKX is 0.069% 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 −0.029%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex DOGEUSDT | 0.1017 | 0.0100 | pay 0.0100% / 8h | 43m 38s | $94.0M | $19.2M | 50x |
| Short | OKX DOGE-USDT-SWAP | 0.1016 | 0.0100 | get 0.0100% / 8h | 43m 38s | $110.6M | $956.9M | 50x |
Phemex DOGEUSDT
OKX DOGE-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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: −0.098% → −0.029%
- −$6.94
- Slippage, 4 orders
- −$17.74
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$46.68
- Costs to cover
- 0.397%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 6 min ago; OKX: live order book, 6 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, 6 min ago | 3.45 bp | 14.5 bp −$15 | 24.7 bp −$247 | 41.4 bp −$4,138 | doesn't fit |
| Sell OKX live order book, 6 min ago | 0.49 bp | 5.5 bp −$6 | 7.8 bp −$78 | 16.1 bp −$1,612 | 43.4 bp −$21.7K |
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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget DOGEUSDT | −0.0242% | 8h | 0.1013 | −0.334% | $154.5M | $268.3M | 75x | as long as short |
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.1017 | +0.016% | $423K | $4.7M | 2.8x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S 0.0000% | 1h | 0.1017 | +0.012% | $24K | — | 150x | as long as short |
| Deribit DOGE_USDC-PERPETUAL | +0.0035% | 1h | 0.1017 | +0.054% | $612K | $109K | 25x | as long as short |
| Gate DOGE_USDT | +0.0077% | 8h | 0.1016 | −0.039% | $245.7M | $126.1M | 75x | as long as short |
| dYdX DOGE-USD | +0.0093% | 1h | 0.1016 | −0.072% | $228K | $44K | 10x | as long as short |
| Lighter DOGE | +0.0096% | 1h | 0.1017 | 0.000% | $783K | $5.5M | 15x | as long as short |
| Katana Perps DOGE-USD | +0.0097% | 8h | 0.1017 | 0.000% | $1K | $389K | 10x | as long as short |
| Nado DOGE-PERP | +0.0100% | 1h | 0.1017 | +0.064% | $607K | $898K | 10x | as long as short |
| Aster DOGEUSDT | +0.0100% | 8h | 0.1017 | +0.025% | $5.1M | $45.1M | 75x | as long as short |
Bitget DOGEUSDT
Kalshi KXDOGEPERP
gTrade (Gains Network) DOGE/USD
Deribit DOGE_USDC-PERPETUAL
Gate DOGE_USDT
dYdX DOGE-USD
Lighter DOGE
Katana Perps DOGE-USD
Nado DOGE-PERP
Aster DOGEUSDTShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica DOGE | +0.0100% | 1h | 0.1016 | −0.013% | $339K | $506K | 20x | as long as short |
| Binance DOGEUSDT | +0.0100% | 8h | 0.1016 | −0.050% | $324.8M | $1.35B | 75x | as long as short |
| Bybit DOGEUSDT | +0.0100% | 8h | 0.1016 | −0.108% | $160.4M | $429.4M | 75x | as long as short |
| OKX DOGE-USDT-SWAPshort | +0.0100% | 8h | 0.1016 | −0.098% | $110.6M | $956.9M | 50x | |
| Arcus DOGE-USD | +0.0100% | 1h | 0.1014 | −0.207% | $31K | $80K | 10x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.1015 | −0.207% | $389K | $12K | 10x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.1016 | −0.049% | $114.9M | $219.9M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.1016 | −0.069% | $66.8M | $41.7M | 75x | as long as short |
| BingX DOGE-USDT | +0.0100% | 8h | 0.1016 | −0.069% | — | $75.4M | — | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.1018 | +0.179% | $1.1M | $8.1M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.1013 | −0.383% | $278K | $117.8M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.1012 | −0.404% | $641K | $4.6M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.1012 | −0.452% | $148K | $249K | 25x | as long as short |
| Polymarket Perps DOGE-USD | +0.0100% | 1h | 0.1017 | +0.020% | $263K | $555K | 10x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.1017 | +0.030% | $74K | $433K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.1017 | +0.024% | $25K | $1K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.1017 | +0.078% | $36K | $2.2M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.1017 | +0.010% | $2K | $3.6M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.1017 | +0.028% | $6.1M | $51.4M | 75x | as long as short |
| Phemex DOGEUSDTlong | +0.0100% | 8h | 0.1017 | long leg | $94.0M | $19.2M | 50x | |
| Paradex DOGE-USD-PERP | +0.0100% | 8h | 0.1015 | −0.110% | $18K | $5K | 30x | as long as short |
| Kraken Futures PF_DOGEUSD | +0.0103% | 1h | 0.1016 | −0.012% | $6.0M | $33.2M | 50x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.1015 | −0.121% | $561K | $3.7M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.1017 | +0.022% | $19K | — | 3x | as long as short |
| Reya DOGERUSDPERP | +0.0178% | 1h | 0.1017 | +0.060% | $2K | — | 20x | as long as short |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.1018 | +0.138% | $15.4M | $25.6M | 75x | as long as short |
| Phoenix DOGE | +0.0239% | 1h | 0.1015 | −0.152% | $67K | $281K | 10x | as long as short |
| Coinbase International DOGE-PERP-INTX | +0.0240% | 1h | 0.1017 | +0.079% | $2.1M | $24.5M | 50x | as long as short |
| GMX DOGE/USD [ETH-USDC] | L +0.0253% / S −0.0291% | 1h | 0.1017 | +0.019% | $334K | — | 200x | as long as short |
| 01 Exchange DOGEUSD | +0.0256% | 1h | 0.1018 | +0.091% | $537 | $4K | 10x | as long as short |
| Backpack DOGE_USDC_PERP | +0.0464% | 1h | 0.1018 | +0.128% | $544K | $963K | 15x | as long as short |
| RISEx DOGE/USDC | +0.0708% | 1h | 0.1017 | +0.068% | $319K | $475K | 10x | as long as short |
| Hyperliquid DOGE | +0.0966% | 1h | 0.1018 | +0.098% | $118.9M | $87.9M | 10x | as long as short |
| Injective DOGE/USDC PERP | +0.1039% | 1h | 0.1021 | +0.433% | $5K | $239K | 12x | as long as short |
Pacifica DOGE
Binance DOGEUSDT
Bybit DOGEUSDT
Arcus DOGE-USD
Bulk DOGE-USD
MEXC DOGE_USDT
KuCoin DOGEUSDTM
BingX DOGE-USDT
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
Kraken Futures PF_DOGEUSD
Extended DOGE-USD
Aevo DOGE-PERP
Reya DOGERUSDPERP
BloFin DOGE-USDT
Phoenix DOGE
Coinbase International DOGE-PERP-INTX
GMX DOGE/USD [ETH-USDC]
01 Exchange DOGEUSD
Backpack DOGE_USDC_PERP
RISEx DOGE/USDC
Hyperliquid DOGE
Injective DOGE/USDC PERP