Funding you earn now, next payment 08:00 UTC+0.0139%/8h= +15.2% APRpaid last 24h +0.030%
Price spread now: BloFin against Phoenix−0.058%7-day average −0.023% · you buy dearer than you sell
Net, funding: paid 7d − costs−$1as in the Funding arb table
Net, price: spread back to 7d avg − costs−$43as in the Price arb table
costs, in and out, $10k−$390.391% of the position
Funding, last 7 days+0.385%+$39 on $10k
+Price spread, last 4 days (all we have)−0.057%−$6 · spread now −0.058%, 7d avg −0.023%
=Funding pays, the price is against you. BloFin is 0.035% cheaper against Phoenix than usual: you would sell low and buy high (spread −0.058% now, against its 7-day average of −0.023%). If the spread goes back, that is −$4 on $10k: about 20 hours of funding at the current rate (+$4 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix DOGE | 0.09822 | 0.0081 | pay 0.0010% / 1h | 24m 04s | $18K | $386K | 10x |
| Short | BloFin DOGE-USDT | 0.09816 | 0.0220 | get 0.0220% / 8h | 7h 24m | $15.5M | $26.7M | 75x |
Phoenix DOGE
BloFin DOGE-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Phoenix. 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
- $29.2
- Price spread: −0.058% → −0.023%
- −$3.5
- Slippage, 4 orders
- −$20.08
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$13.38
- Costs to cover
- 0.391%
- Break-even
- 10.2 days
Slippage from Phoenix: live order book, 4 min ago; BloFin: live order book, 5 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 Phoenix live order book, 4 min ago | 1.02 bp | 12.3 bp −$12 | 50.8 bp −$508 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 5 min ago | 1.02 bp | 7.4 bp −$7 | 9.9 bp −$99 | 13.5 bp −$1,350 | 27.8 bp −$13.9K |
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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_DOGEUSD | −0.0097% | 1h | 0.09835 | +0.135% | $5.4M | $40.7M | 50x | as long as short |
| Bitget DOGEUSDT | −0.0014% | 8h | 0.09831 | +0.095% | $139.3M | $347.0M | 75x | as long as short |
| Gate DOGE_USDT | −0.0001% | 8h | 0.09836 | +0.146% | $248.8M | $155.0M | 75x | as long as short |
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.09814 | −0.074% | $510K | $6.6M | 2.8x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S 0.0000% | 1h | 0.09811 | −0.110% | $33K | — | 150x | as long as short |
| Injective DOGE/USDC PERP | +0.0033% | 1h | 0.1053 | +7.212% | $6K | $242K | 12x | as long as short |
| Phoenix DOGElong | +0.0081% | 1h | 0.09822 | long leg | $18K | $386K | 10x | |
| Lighter DOGE | +0.0096% | 1h | 0.09843 | +0.219% | $818K | $6.8M | 15x | as long as short |
| Katana Perps DOGE-USD | +0.0100% | 8h | 0.09818 | −0.038% | $2K | $544K | 10x | as long as short |
| Nado DOGE-PERP | +0.0100% | 1h | 0.09820 | −0.017% | $506K | $1.1M | 10x | as long as short |
Kraken Futures PF_DOGEUSD
Bitget DOGEUSDT
Gate DOGE_USDT
Kalshi KXDOGEPERP
gTrade (Gains Network) DOGE/USD
Injective DOGE/USDC PERP
Lighter DOGE
Katana Perps DOGE-USD
Nado DOGE-PERPShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid DOGE | +0.0100% | 1h | 0.09843 | +0.217% | $122.7M | $116.2M | 10x | as long as short |
| Aster DOGEUSDT | +0.0100% | 8h | 0.09841 | +0.200% | $4.9M | $58.9M | 75x | as long as short |
| Pacifica DOGE | +0.0100% | 1h | 0.09812 | −0.096% | $318K | $481K | 20x | as long as short |
| Binance DOGEUSDT | +0.0100% | 8h | 0.09845 | +0.237% | $325.0M | $1.71B | 75x | as long as short |
| Bybit DOGEUSDT | +0.0100% | 8h | 0.09831 | +0.095% | $163.7M | $521.9M | 75x | as long as short |
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.09837 | +0.156% | $113.9M | $1.18B | 50x | as long as short |
| Arcus DOGE-USD | +0.0100% | 1h | 0.09826 | +0.044% | $16K | $306K | 10x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.09784 | −0.382% | $374K | $2K | 10x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.09835 | +0.135% | $116.5M | $261.6M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.09836 | +0.146% | $65.3M | $49.2M | 75x | as long as short |
| BingX DOGE-USDT | +0.0100% | 8h | 0.09836 | +0.146% | — | $53.5M | — | as long as short |
| Backpack DOGE_USDC_PERP | +0.0100% | 1h | 0.09841 | +0.197% | $301K | $1.3M | 15x | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.09791 | −0.312% | $1.0M | $8.4M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.09808 | −0.144% | $260K | $139.2M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.09809 | −0.128% | $627K | $4.2M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.09820 | −0.017% | $140K | $348K | 25x | as long as short |
| Polymarket Perps DOGE-USD | +0.0100% | 1h | 0.09831 | +0.090% | $256K | $1.2M | 10x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.09835 | +0.135% | $70K | $465K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.09809 | −0.133% | $18K | $7K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.09839 | +0.181% | $34K | $2.2M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.09836 | +0.146% | $2K | $5.4M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.09833 | +0.119% | $5.8M | $69.2M | 75x | as long as short |
| Phemex DOGEUSDT | +0.0100% | 8h | 0.09835 | +0.135% | $89.9M | $16.5M | 50x | as long as short |
| Paradex DOGE-USD-PERP | +0.0100% | 8h | 0.09817 | −0.044% | $18K | $5K | 30x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.09831 | +0.098% | $476K | $4.1M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.09833 | +0.118% | $19K | — | 3x | as long as short |
| Reya DOGERUSDPERP | +0.0202% | 1h | 0.09832 | +0.107% | $2K | — | 20x | as long as short |
| Deribit DOGE_USDC-PERPETUAL | +0.0208% | 1h | 0.09840 | +0.184% | $556K | $301K | 25x | as long as short |
| Coinbase International DOGE-PERP-INTX | +0.0208% | 1h | 0.09841 | +0.197% | $1.9M | $34.7M | 50x | as long as short |
| BloFin DOGE-USDTshort | +0.0220% | 8h | 0.09816 | −0.058% | $15.5M | $26.7M | 75x | |
| 01 Exchange DOGEUSD | +0.0224% | 1h | 0.09830 | +0.085% | $452 | $4K | 10x | as long as short |
| GMX DOGE/USD [ETH-USDC] | L +0.0250% / S −0.0178% | 1h | 0.09831 | +0.095% | $390K | — | 200x | as long as short |
| dYdX DOGE-USD | +0.0476% | 1h | 0.09806 | −0.159% | $230K | $74K | 10x | as long as short |
| RISEx DOGE/USDC | +0.0717% | 1h | 0.09830 | +0.085% | $395K | $449K | 10x | as long as short |
Hyperliquid DOGE
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-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
Phemex DOGEUSDT
Paradex DOGE-USD-PERP
Extended DOGE-USD
Aevo DOGE-PERP
Reya DOGERUSDPERP
Deribit DOGE_USDC-PERPETUAL
Coinbase International DOGE-PERP-INTX
01 Exchange DOGEUSD
GMX DOGE/USD [ETH-USDC]
dYdX DOGE-USD
RISEx DOGE/USDC