Funding you earn now, next payment 03:00 UTC+0.0087%/8h= +9.5% APRpaid last 24h +0.017%
Price spread now: Reya against Phemex−0.055%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Funding pays, the price is against you. Reya is 0.055% cheaper against Phemex than usual: you would sell low and buy high (spread −0.055% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 2.1 days of funding at the current rate (+$3 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex DOGEUSDT | 0.09923 | 0.0100 | pay 0.0100% / 8h | 5h 26m | $91.3M | $16.6M | 50x |
| Short | Reya DOGERUSDPERP | 0.09918 | 0.0187 | get 0.0023% / 1h | 26m 46s | $2K | — | 20x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Reya 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
- $18.22
- Price spread: −0.055% → 0.000%
- −$5.52
- Slippage, 4 orders
- no order book: not counted
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Reya: 3 bp × 2 orders
- −$6
- Net
- −$5.3
- Costs to cover
- 0.180%
- Break-even
- 9.0 days
Slippage unknown: Phemex: live order book, 2 min ago; Reya: no order-book sample. Net counts fees only.
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, 2 min ago | 2.51 bp | 15.3 bp −$15 | 23.1 bp −$231 | doesn't fit | doesn't fit |
| Sell Reya no order-book sample | — | — | — | — | — |
Reya: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.0088% | 8h | 0.09926 | +0.030% | $150.2M | $273.5M | 75x | as long as short |
| dYdX DOGE-USD | 0.0000% | 1h | 0.09929 | +0.060% | $223K | $49K | 10x | as long as short |
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.09928 | +0.046% | $441K | $5.1M | 2.8x | as long as short |
| Deribit DOGE_USDC-PERPETUAL | 0.0000% | 1h | 0.09917 | −0.063% | $592K | $118K | 25x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S 0.0000% | 1h | 0.09913 | −0.096% | $24K | — | 150x | as long as short |
| Lighter DOGE | +0.0096% | 1h | 0.09935 | +0.125% | $772K | $6.2M | 15x | as long as short |
| Katana Perps DOGE-USD | +0.0099% | 8h | 0.09926 | +0.030% | $993 | $444K | 10x | as long as short |
| Nado DOGE-PERP | +0.0100% | 1h | 0.09922 | −0.010% | $529K | $993K | 10x | as long as short |
| Aster DOGEUSDT | +0.0100% | 8h | 0.09918 | −0.050% | $4.7M | $48.7M | 75x | as long as short |
| Pacifica DOGE | +0.0100% | 1h | 0.09933 | +0.100% | $326K | $483K | 20x | as long as short |
Show all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance DOGEUSDT | +0.0100% | 8h | 0.09932 | +0.086% | $318.4M | $1.44B | 75x | as long as short |
| Bybit DOGEUSDT | +0.0100% | 8h | 0.09929 | +0.060% | $160.1M | $442.5M | 75x | as long as short |
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.09932 | +0.091% | $110.8M | $984.5M | 50x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.09985 | +0.623% | $383K | $2K | 10x | as long as short |
| Gate DOGE_USDT | +0.0100% | 8h | 0.09919 | −0.040% | $241.1M | $132.7M | 75x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.09931 | +0.081% | $111.4M | $230.8M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.09931 | +0.081% | $65.7M | $43.4M | 75x | as long as short |
| BingX DOGE-USDT | +0.0100% | 8h | 0.09931 | +0.081% | — | $76.2M | — | as long as short |
| Backpack DOGE_USDC_PERP | +0.0100% | 1h | 0.09920 | −0.030% | $326K | $1.1M | 15x | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.09990 | +0.680% | $989K | $8.2M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.09966 | +0.434% | $296K | $128.4M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.09960 | +0.374% | $631K | $4.4M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.09990 | +0.675% | $146K | $278K | 25x | as long as short |
| Polymarket Perps DOGE-USD | +0.0100% | 1h | 0.09916 | −0.069% | $252K | $734K | 10x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.09916 | −0.071% | $70K | $438K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.09912 | −0.107% | $24K | $1K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.09931 | +0.081% | $35K | $2.2M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.09916 | −0.071% | $2K | $3.9M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.09919 | −0.038% | $5.9M | $56.6M | 75x | as long as short |
| Phemex DOGEUSDTlong | +0.0100% | 8h | 0.09923 | long leg | $91.3M | $16.6M | 50x | |
| Paradex DOGE-USD-PERP | +0.0103% | 8h | 0.09928 | +0.052% | $18K | $6K | 30x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.09918 | −0.052% | $499K | $4.1M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.09915 | −0.076% | $19K | — | 3x | as long as short |
| Reya DOGERUSDPERPshort | +0.0187% | 1h | 0.09918 | −0.055% | $2K | — | 20x | |
| 01 Exchange DOGEUSD | +0.0208% | 1h | 0.09931 | +0.076% | $529 | $4K | 10x | as long as short |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.09924 | +0.010% | $15.5M | $25.0M | 75x | as long as short |
| Phoenix DOGE | +0.0240% | 1h | 0.09952 | +0.288% | $65K | $288K | 10x | as long as short |
| GMX DOGE/USD [ETH-USDC] | L +0.0245% / S −0.0267% | 1h | 0.09914 | −0.090% | $309K | — | 200x | as long as short |
| Coinbase International DOGE-PERP-INTX | +0.0248% | 1h | 0.09923 | 0.000% | $2.3M | $26.0M | 50x | as long as short |
| Kraken Futures PF_DOGEUSD | +0.0308% | 1h | 0.09916 | −0.072% | $5.7M | $35.1M | 50x | as long as short |
| Hyperliquid DOGE | +0.0494% | 1h | 0.09940 | +0.169% | $121.5M | $99.9M | 10x | as long as short |
| RISEx DOGE/USDC | +0.0747% | 1h | 0.09942 | +0.191% | $400K | $366K | 10x | as long as short |
| Arcus DOGE-USD | +0.0781% | 1h | 0.09949 | +0.262% | $128K | $179K | 10x | as long as short |
| Injective DOGE/USDC PERP | +0.1072% | 1h | 0.09970 | +0.474% | $5K | $239K | 12x | as long as short |
Phemex DOGEUSDT
Bitget DOGEUSDT
Kalshi KXDOGEPERP
Deribit DOGE_USDC-PERPETUAL
gTrade (Gains Network) DOGE/USD
Lighter DOGE
Katana Perps DOGE-USD
Aster DOGEUSDT
Pacifica DOGE
Binance DOGEUSDT
Bybit DOGEUSDT
OKX DOGE-USDT-SWAP
Bulk 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
Derive DOGE-PERP
SunX DOGE-USDT
SoDEX DOGE-USD
HTX DOGE-USDT
Paradex DOGE-USD-PERP
Extended DOGE-USD
01 Exchange DOGEUSD
BloFin DOGE-USDT
Phoenix DOGE
GMX DOGE/USD [ETH-USDC]
Coinbase International DOGE-PERP-INTX
Kraken Futures PF_DOGEUSD
Hyperliquid DOGE
RISEx DOGE/USDC
Injective DOGE/USDC PERP