Funding you earn now, next payment 08:00 UTC−0.0048%/8h= −5.2% APRnext payment −$0.06 per $10,000 · paid last 24h +0.185%
Price spread now: Injective against Phoenix+5.574%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+1.685%+$169 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
The price spread pays, funding is against you. Injective is 5.574% dearer against Phoenix than usual: you sell high and buy low (spread +5.574% now, against zero (this spread has no 7-day history yet)): +$557 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 13 months. Mind the row above: over the last 7 days funding on this pair paid +1.685%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix DOGE | 0.09974 | 0.0081 | pay 0.0010% / 1h | 58m 38s | $18K | $352K | 10x |
| Short | Injective DOGE/USDC PERP | 0.1053 | 0.0033 | get 0.0004% / 1h | 58m 38s | $6K | $240K | 12x |
Phoenix DOGE
Injective DOGE/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- −$10
- Price spread: +5.574% → 0.000%
- $557.45
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $540.43
- Costs to cover
- 0.070%
- Break-even
- from the start
Slippage unknown: Phoenix: live order book, 29 min ago; Injective: 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 Phoenix live order book, 29 min ago | 1.02 bp | 12.3 bp −$12 | 50.8 bp −$508 | doesn't fit | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
Injective: 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 43 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 | −0.0052% | 1h | 0.09946 | −0.280% | $5.4M | $40.6M | 50x | as long as short |
| Bitget DOGEUSDT | −0.0024% | 8h | 0.09933 | −0.411% | $140.3M | $347.4M | 75x | as long as short |
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.09947 | −0.269% | $515K | $6.6M | 2.8x | as long as short |
| Deribit DOGE_USDC-PERPETUAL | 0.0000% | 1h | 0.09944 | −0.302% | $557K | $301K | 25x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S 0.0000% | 1h | 0.09967 | −0.068% | $33K | — | 150x | as long as short |
| Injective DOGE/USDC PERPshort | +0.0033% | 1h | 0.1053 | +5.574% | $6K | $240K | 12x | |
| Gate DOGE_USDT | +0.0039% | 8h | 0.09938 | −0.361% | $252.6M | $145.5M | 75x | as long as short |
| Phoenix DOGElong | +0.0081% | 1h | 0.09974 | long leg | $18K | $352K | 10x | |
| Lighter DOGE | +0.0096% | 1h | 0.09945 | −0.289% | $826K | $6.5M | 15x | as long as short |
| Katana Perps DOGE-USD | +0.0100% | 8h | 0.09943 | −0.311% | $1K | $544K | 10x | as long as short |
Kraken Futures PF_DOGEUSD
Bitget DOGEUSDT
Kalshi KXDOGEPERP
Deribit DOGE_USDC-PERPETUAL
gTrade (Gains Network) DOGE/USD
Gate DOGE_USDT
Lighter DOGE
Katana Perps DOGE-USDShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Nado DOGE-PERP | +0.0100% | 1h | 0.09945 | −0.291% | $515K | $1.1M | 10x | as long as short |
| Hyperliquid DOGE | +0.0100% | 1h | 0.09945 | −0.289% | $124.1M | $113.6M | 10x | as long as short |
| Aster DOGEUSDT | +0.0100% | 8h | 0.09943 | −0.311% | $5.0M | $58.7M | 75x | as long as short |
| Pacifica DOGE | +0.0100% | 1h | 0.09936 | −0.378% | $323K | $473K | 20x | as long as short |
| Binance DOGEUSDT | +0.0100% | 8h | 0.09937 | −0.370% | $328.2M | $1.69B | 75x | as long as short |
| Bybit DOGEUSDT | +0.0100% | 8h | 0.09935 | −0.391% | $167.3M | $521.0M | 75x | as long as short |
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.09935 | −0.391% | $116.5M | $1.17B | 50x | as long as short |
| Arcus DOGE-USD | +0.0100% | 1h | 0.09947 | −0.271% | $17K | $307K | 10x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.09946 | −0.286% | $380K | $2K | 10x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.09940 | −0.341% | $112.9M | $254.1M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.09940 | −0.341% | $66.2M | $48.8M | 75x | as long as short |
| BingX DOGE-USDT | +0.0100% | 8h | 0.09940 | −0.341% | — | $49.9M | — | as long as short |
| Backpack DOGE_USDC_PERP | +0.0100% | 1h | 0.09949 | −0.251% | $308K | $1.3M | 15x | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.09958 | −0.164% | $1.1M | $8.3M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.09967 | −0.072% | $264K | $138.7M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.09969 | −0.046% | $628K | $4.0M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.09970 | −0.040% | $142K | $347K | 25x | as long as short |
| Polymarket Perps DOGE-USD | +0.0100% | 1h | 0.09946 | −0.276% | $259K | $1.2M | 10x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.09942 | −0.321% | $71K | $451K | 50x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.09948 | −0.262% | $35K | $2.1M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.09943 | −0.311% | $2K | $5.4M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.09956 | −0.182% | $6.0M | $67.6M | 75x | as long as short |
| Phemex DOGEUSDT | +0.0100% | 8h | 0.09945 | −0.291% | $90.8M | $16.2M | 50x | as long as short |
| Paradex DOGE-USD-PERP | +0.0100% | 8h | 0.09935 | −0.387% | $18K | $5K | 30x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.09936 | −0.383% | $483K | $4.0M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.09940 | −0.338% | $19K | — | 3x | as long as short |
| 01 Exchange DOGEUSD | +0.0184% | 1h | 0.09949 | −0.255% | $458 | $4K | 10x | as long as short |
| Reya DOGERUSDPERP | +0.0203% | 1h | 0.09939 | −0.355% | $2K | — | 20x | as long as short |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.09943 | −0.311% | $15.4M | $26.9M | 75x | as long as short |
| GMX DOGE/USD [ETH-USDC] | L +0.0235% / S −0.0304% | 1h | 0.09969 | −0.049% | $360K | — | 200x | as long as short |
| Coinbase International DOGE-PERP-INTX | +0.0240% | 1h | 0.09950 | −0.241% | $2.2M | $35.3M | 50x | as long as short |
| dYdX DOGE-USD | +0.0473% | 1h | 0.09939 | −0.353% | $233K | $62K | 10x | as long as short |
| RISEx DOGE/USDC | +0.0565% | 1h | 0.09949 | −0.251% | $404K | $450K | 10x | as long as short |
Nado DOGE-PERP
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
SunX DOGE-USDT
SoDEX DOGE-USD
HTX DOGE-USDT
Phemex DOGEUSDT
Paradex DOGE-USD-PERP
Extended DOGE-USD
Aevo DOGE-PERP
01 Exchange DOGEUSD
Reya DOGERUSDPERP
BloFin DOGE-USDT
GMX DOGE/USD [ETH-USDC]
Coinbase International DOGE-PERP-INTX
dYdX DOGE-USD
RISEx DOGE/USDC