Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.002%
Price spread now: Polymarket Perps against Phemex+0.100%7-day average −0.027% · you sell dearer than you buy
Net, funding: paid 7d − costs−$72as in the Funding arb table
Net, price: spread back to 7d avg − costs−$25as in the Price arb table
costs, in and out, $10k−$380.380% of the position
Funding, last 7 days−0.342%−$34 on $10k
+Price spread, last 3 days (all we have)−0.111%−$11 · spread now +0.100%, 7d avg −0.027%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Polymarket Perps is 0.126% dearer against Phemex than usual: you sell high and buy low, +$13 on $10k if it goes back to its 7-day average of −0.027%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex DOGEUSDT | 0.1003 | 0.0100 | pay 0.0100% / 8h | 1h 06m | $92.9M | $19.2M | 50x |
| Short | Polymarket Perps DOGE-USD | 0.1004 | 0.0100 | get 0.0013% / 1h | 6m 02s | $268K | $540K | 10x |
Phemex DOGEUSDT
Polymarket Perps DOGE-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket Perps 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: +0.100% → −0.027%
- $12.63
- Slippage, 4 orders
- −$18.04
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$25.41
- Costs to cover
- 0.380%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 3 min ago; Polymarket Perps: live order book, 12 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 | 1.99 bp | 10.7 bp −$11 | 15.4 bp −$154 | 35.2 bp −$3,521 | doesn't fit |
| Sell Polymarket Perps live order book, 12 min ago | 3.49 bp | 7.5 bp −$7 | 8.0 bp −$80 | doesn't fit | doesn't fit |
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 | −0.0257% | 8h | 0.1001 | −0.150% | $152.9M | $266.8M | 75x | as long as short |
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.1004 | +0.122% | $415K | $4.7M | 2.8x | as long as short |
| Deribit DOGE_USDC-PERPETUAL | 0.0000% | 1h | 0.1004 | +0.092% | $608K | $109K | 25x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S −0.0001% | 1h | 0.1004 | +0.095% | $32K | — | 150x | as long as short |
| dYdX DOGE-USD | +0.0052% | 1h | 0.1004 | +0.081% | $225K | $44K | 10x | as long as short |
| Phoenix DOGE | +0.0081% | 1h | 0.1002 | −0.041% | $66K | $222K | 10x | as long as short |
| Lighter DOGE | +0.0096% | 1h | 0.1003 | +0.045% | $790K | $5.4M | 15x | as long as short |
| Katana Perps DOGE-USD | +0.0097% | 8h | 0.1004 | +0.150% | $1K | $372K | 10x | as long as short |
| Gate DOGE_USDT | +0.0097% | 8h | 0.1002 | −0.040% | $241.5M | $125.3M | 75x | as long as short |
| Nado DOGE-PERP | +0.0100% | 1h | 0.1004 | +0.095% | $571K | $864K | 10x | as long as short |
Bitget DOGEUSDT
Kalshi KXDOGEPERP
Deribit DOGE_USDC-PERPETUAL
gTrade (Gains Network) DOGE/USD
dYdX DOGE-USD
Phoenix DOGE
Lighter DOGE
Katana Perps DOGE-USD
Gate DOGE_USDT
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 | 0.1003 | +0.020% | $4.9M | $44.2M | 75x | as long as short |
| Pacifica DOGE | +0.0100% | 1h | 0.1004 | +0.144% | $335K | $504K | 20x | as long as short |
| Binance DOGEUSDT | +0.0100% | 8h | 0.1002 | −0.024% | $318.9M | $1.33B | 75x | as long as short |
| Bybit DOGEUSDT | +0.0100% | 8h | 0.1002 | −0.070% | $158.9M | $421.6M | 75x | as long as short |
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.1002 | −0.040% | $109.2M | $933.0M | 50x | as long as short |
| Arcus DOGE-USD | +0.0100% | 1h | 0.1005 | +0.229% | $28K | $76K | 10x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.1003 | +0.012% | $384K | $12K | 10x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.1002 | −0.060% | $111.4M | $218.4M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.1002 | −0.050% | $66.0M | $41.2M | 75x | as long as short |
| BingX DOGE-USDC | +0.0100% | 8h | 0.1002 | −0.060% | — | $3.4M | — | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.1002 | −0.058% | $1.0M | $8.1M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.1003 | +0.032% | $277K | $116.5M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.1003 | +0.050% | $639K | $4.6M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.1004 | +0.130% | $147K | $245K | 25x | as long as short |
| Polymarket Perps DOGE-USDshort | +0.0100% | 1h | 0.1004 | +0.100% | $268K | $540K | 10x | |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.1003 | +0.070% | $73K | $432K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.1003 | +0.067% | $25K | $1K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.1005 | +0.219% | $35K | $2.2M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.1003 | +0.040% | $2K | $3.6M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.1004 | +0.124% | $6.0M | $50.7M | 75x | as long as short |
| Phemex DOGEUSDTlong | +0.0100% | 8h | 0.1003 | long leg | $92.9M | $19.2M | 50x | |
| Paradex DOGE-USD-PERP | +0.0100% | 8h | 0.1004 | +0.129% | $18K | $5K | 30x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.1002 | −0.095% | $554K | $3.6M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.1006 | +0.346% | $19K | — | 3x | as long as short |
| Reya DOGERUSDPERP | +0.0177% | 1h | 0.1004 | +0.110% | $2K | — | 20x | as long as short |
| 01 Exchange DOGEUSD | +0.0192% | 1h | 0.1005 | +0.231% | $531 | $4K | 10x | as long as short |
| Coinbase International DOGE-PERP-INTX | +0.0216% | 1h | 0.1005 | +0.209% | $2.0M | $23.7M | 50x | as long as short |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.1004 | +0.100% | $15.3M | $25.0M | 75x | as long as short |
| GMX DOGE/USD [ETH-USDC] | L +0.0245% / S −0.0209% | 1h | 0.1004 | +0.090% | $345K | — | 200x | as long as short |
| Kraken Futures PF_DOGEUSD | +0.0363% | 1h | 0.1003 | 0.000% | $6.0M | $32.9M | 50x | as long as short |
| Backpack DOGE_USDC_PERP | +0.0406% | 1h | 0.1003 | +0.050% | $536K | $959K | 15x | as long as short |
| Hyperliquid DOGE | +0.0519% | 1h | 0.1004 | +0.150% | $114.6M | $85.0M | 10x | as long as short |
| RISEx DOGE/USDC | +0.0702% | 1h | 0.1005 | +0.229% | $315K | $476K | 10x | as long as short |
| Injective DOGE/USDC PERP | +0.0966% | 1h | 0.1004 | +0.130% | $5K | $239K | 12x | as long as short |
Aster DOGEUSDT
Pacifica DOGE
Binance DOGEUSDT
Bybit DOGEUSDT
OKX DOGE-USDT-SWAP
Arcus DOGE-USD
Bulk DOGE-USD
MEXC DOGE_USDT
KuCoin DOGEUSDTM
BingX DOGE-USDC
Variational Omni DOGE
edgeX DOGEUSDC
GRVT DOGE_USDT_Perp
ApeX Omni DOGEUSDT
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
Coinbase International DOGE-PERP-INTX
BloFin DOGE-USDT
GMX DOGE/USD [ETH-USDC]
Kraken Futures PF_DOGEUSD
Backpack DOGE_USDC_PERP
Hyperliquid DOGE
RISEx DOGE/USDC
Injective DOGE/USDC PERP