Funding you earn now, next payment 00:00 UTC−0.0140%/8h= −15.4% APRpaid last 24h +0.016%
Price spread now: KuCoin against Phoenix−0.650%48s7-day average −0.040% · you buy dearer than you sell
Net, funding: paid 7d − costs−$25as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$420.424% of the position
Funding, last 7 days+0.171%+$17 on $10k
+Price spread, last 3 days (all we have)+0.508%+$51 · spread now −0.650%, 7d avg −0.040%
=Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and KuCoin is 0.611% cheaper against Phoenix than usual: you would sell low and buy high (−$61 if the spread goes back to its 7-day average of −0.040%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.171%, so the current rate has only just turned against you. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix DOGE | 0.1001 | 0.0240 | pay 0.0030% / 1h | 0m 39s | $65K | $283K | 10x |
| Short | KuCoin DOGEUSDTM | 0.09945 | 0.0100 | get 0.0100% / 8h | 7h 00m | $65.3M | $42.6M | 75x |
Phoenix DOGE
KuCoin DOGEUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- −$29.45
- Price spread: −0.650% → −0.040%
- −$61.06
- Slippage, 4 orders
- −$23.39
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$132.91
- Costs to cover
- 0.424%
- Break-even
- never at this rate
Slippage from Phoenix: live order book, 67 min ago; KuCoin: live order book, 3 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, 67 min ago | 1.01 bp | 12.3 bp −$12 | 50.7 bp −$507 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 3 min ago | 1.99 bp | 9.7 bp −$10 | 14.9 bp −$149 | 35.4 bp −$3,539 | 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 | −0.0159% | 8h | 0.09948 | −0.620% | $150.9M | $272.0M | 75x | as long as short |
| Kraken Futures PF_DOGEUSD | −0.0078% | 1h | 0.09926 | −0.838% | $5.8M | $34.1M | 50x | as long as short |
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.09933 | −0.767% | $409K | $4.9M | 2.8x | as long as short |
| Deribit DOGE_USDC-PERPETUAL | 0.0000% | 1h | 0.09920 | −0.897% | $597K | $119K | 25x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S 0.0000% | 1h | 0.09923 | −0.872% | $23K | — | 150x | as long as short |
| dYdX DOGE-USD | +0.0009% | 1h | 0.09942 | −0.685% | $223K | $59K | 10x | as long as short |
| Lighter DOGE | +0.0096% | 1h | 0.09961 | −0.489% | $773K | $5.9M | 15x | as long as short |
| Katana Perps DOGE-USD | +0.0100% | 8h | 0.09945 | −0.650% | $1K | $426K | 10x | as long as short |
| Aster DOGEUSDT | +0.0100% | 8h | 0.09938 | −0.720% | $5.2M | $47.3M | 75x | as long as short |
| Pacifica DOGE | +0.0100% | 1h | 0.09946 | −0.642% | $331K | $512K | 20x | as long as short |
Bitget DOGEUSDT
Kraken Futures PF_DOGEUSD
Kalshi KXDOGEPERP
Deribit DOGE_USDC-PERPETUAL
gTrade (Gains Network) DOGE/USD
dYdX DOGE-USD
Lighter DOGE
Katana Perps DOGE-USD
Aster DOGEUSDT
Pacifica DOGEShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance DOGEUSDT | +0.0100% | 8h | 0.09939 | −0.711% | $316.5M | $1.41B | 75x | as long as short |
| Bybit DOGEUSDT | +0.0100% | 8h | 0.09942 | −0.680% | $158.7M | $440.3M | 75x | as long as short |
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.09935 | −0.750% | $109.2M | $962.8M | 50x | as long as short |
| Arcus DOGE-USD | +0.0100% | 1h | 0.09952 | −0.580% | $76K | $124K | 10x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.1009 | +0.831% | $387K | $5K | 10x | as long as short |
| Gate DOGE_USDT | +0.0100% | 8h | 0.09944 | −0.660% | $241.4M | $132.7M | 75x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.09940 | −0.700% | $110.1M | $227.5M | 300x | as long as short |
| KuCoin DOGEUSDTMshort | +0.0100% | 8h | 0.09945 | −0.650% | $65.3M | $42.6M | 75x | |
| BingX DOGE-USDT | +0.0100% | 8h | 0.09950 | −0.600% | — | $76.4M | — | as long as short |
| Backpack DOGE_USDC_PERP | +0.0100% | 1h | 0.09938 | −0.720% | $355K | $1.1M | 15x | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.09930 | −0.803% | $981K | $8.1M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.1002 | +0.075% | $271K | $125.4M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.1006 | +0.548% | $639K | $4.5M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.1000 | −0.101% | $146K | $269K | 25x | as long as short |
| Nado DOGE-PERP | +0.0100% | 1h | 0.09940 | −0.695% | $510K | $971K | 10x | as long as short |
| Polymarket Perps DOGE-USD | +0.0100% | 1h | 0.09934 | −0.756% | $259K | $633K | 10x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.09925 | −0.850% | $74K | $429K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.09920 | −0.896% | $24K | $1K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.09923 | −0.866% | $35K | $2.2M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.09928 | −0.820% | $2K | $3.8M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.09921 | −0.885% | $5.9M | $53.2M | 75x | as long as short |
| Phemex DOGEUSDT | +0.0100% | 8h | 0.09934 | −0.760% | $91.7M | $17.9M | 50x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.09939 | −0.712% | $526K | $3.9M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.09919 | −0.909% | $19K | — | 3x | as long as short |
| Paradex DOGE-USD-PERP | +0.0105% | 8h | 0.09937 | −0.729% | $18K | $6K | 30x | as long as short |
| 01 Exchange DOGEUSD | +0.0168% | 1h | 0.09944 | −0.659% | $525 | $4K | 10x | as long as short |
| Reya DOGERUSDPERP | +0.0183% | 1h | 0.09937 | −0.728% | $2K | — | 20x | as long as short |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.09919 | −0.910% | $15.4M | $25.4M | 75x | as long as short |
| Coinbase International DOGE-PERP-INTX | +0.0240% | 1h | 0.09937 | −0.730% | $2.0M | $25.0M | 50x | as long as short |
| Phoenix DOGElong | +0.0240% | 1h | 0.1001 | long leg | $65K | $283K | 10x | |
| GMX DOGE/USD [ETH-USDC] | L +0.0246% / S −0.0270% | 1h | 0.09928 | −0.817% | $312K | — | 200x | as long as short |
| RISEx DOGE/USDC | +0.0701% | 1h | 0.09950 | −0.600% | $321K | $404K | 10x | as long as short |
| Hyperliquid DOGE | +0.0737% | 1h | 0.09959 | −0.509% | $120.4M | $96.8M | 10x | as long as short |
| Injective DOGE/USDC PERP | +0.0973% | 1h | 0.1004 | +0.299% | $5K | $239K | 12x | as long as short |
Binance DOGEUSDT
Bybit DOGEUSDT
OKX DOGE-USDT-SWAP
Arcus DOGE-USD
Bulk DOGE-USD
Gate DOGE_USDT
MEXC DOGE_USDT
BingX DOGE-USDT
Backpack DOGE_USDC_PERP
Variational Omni DOGE
edgeX DOGEUSDC
GRVT DOGE_USDT_Perp
ApeX Omni DOGEUSDT
Nado DOGE-PERP
Polymarket Perps DOGE-USD
Orderly PERP_DOGE_USDC
Derive DOGE-PERP
SunX DOGE-USDT
SoDEX DOGE-USD
HTX DOGE-USDT
Phemex DOGEUSDT
Extended DOGE-USD
Aevo DOGE-PERP
Paradex DOGE-USD-PERP
01 Exchange DOGEUSD
Reya DOGERUSDPERP
BloFin DOGE-USDT
Coinbase International DOGE-PERP-INTX
GMX DOGE/USD [ETH-USDC]
RISEx DOGE/USDC
Hyperliquid DOGE
Injective DOGE/USDC PERP