Funding you earn now, next payment 07:00 UTC−0.0060%/8h= −6.6% APRnext payment −$0.08 per $10,000 · paid last 24h −0.004%
Price spread now: Nado against Phoenix+0.035%57s7-day average −0.057% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$390.391% of the position
Funding, last 4 days (all we have)+0.056%+$6 on $10k
+Price spread, last 4 days (all we have)−0.077%−$8 · spread now +0.035%, 7d avg −0.057%
=Together, before fees−0.022%+ Points / potential airdropNado: Active · farm board−$2 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Nado is 0.092% dearer against Phoenix than usual: you sell high and buy low (spread +0.035% now, against its 7-day average of −0.057%): +$9 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 5.1 days. Mind the row above: over the last 4 days funding on this pair paid +0.056%, so the current rate has only just turned against you. The two prices were read 57 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 | 0.09902 | 0.0160 | pay 0.0020% / 1h | 17m 40s | $18K | $382K | 10x |
| Short | Nado DOGE-PERP | 0.09905 | 0.0100 | get 0.0012% / 1h | 17m 40s | $536K | $1.1M | 10x |
Phoenix DOGE
Nado DOGE-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Nado 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
- −$12.64
- Price spread: +0.035% → −0.057%
- $9.2
- Slippage, 4 orders
- −$25.14
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- −$42.58
- Costs to cover
- 0.391%
- Break-even
- never at this rate
Slippage from Phoenix: live order book, 15 min ago; Nado: live order book, 1 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, 15 min ago | 1.01 bp | 12.3 bp −$12 | 50.8 bp −$508 | doesn't fit | doesn't fit |
| Sell Nado live order book, 1 min ago | 0.50 bp | 7.8 bp −$8 | 19.4 bp −$194 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_DOGEUSD | −0.0060% | 1h | 0.09915 | +0.140% | $5.6M | $40.9M | 50x | as long as short |
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.09918 | +0.165% | $580K | $6.6M | 2.8x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S 0.0000% | 1h | 0.09910 | +0.087% | $35K | — | 150x | as long as short |
| dYdX DOGE-USD | +0.0003% | 1h | 0.09910 | +0.084% | $223K | $63K | 10x | as long as short |
| Bitget DOGEUSDT | +0.0005% | 8h | 0.09910 | +0.086% | $140.5M | $347.9M | 75x | as long as short |
| Polymarket Perps DOGE-USD | +0.0026% | 1h | 0.09907 | +0.052% | $257K | $1.2M | 10x | as long as short |
| Injective DOGE/USDC PERP | +0.0033% | 1h | 0.1053 | +6.348% | $6K | $242K | 12x | as long as short |
| Lighter DOGE | +0.0096% | 1h | 0.09923 | +0.216% | $829K | $6.9M | 15x | as long as short |
| Nado DOGE-PERPshort | +0.0100% | 1h | 0.09905 | +0.035% | $536K | $1.1M | 10x | |
| Hyperliquid DOGE | +0.0100% | 1h | 0.09922 | +0.203% | $123.6M | $117.3M | 10x | as long as short |
Kraken Futures PF_DOGEUSD
Kalshi KXDOGEPERP
gTrade (Gains Network) DOGE/USD
dYdX DOGE-USD
Bitget DOGEUSDT
Polymarket Perps DOGE-USD
Injective DOGE/USDC PERP
Lighter DOGE
Hyperliquid DOGEShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster DOGEUSDT | +0.0100% | 8h | 0.09915 | +0.139% | $5.0M | $59.8M | 75x | as long as short |
| Pacifica DOGE | +0.0100% | 1h | 0.09920 | +0.182% | $322K | $509K | 20x | as long as short |
| Binance DOGEUSDT | +0.0100% | 8h | 0.09918 | +0.166% | $327.8M | $1.73B | 75x | as long as short |
| Bybit DOGEUSDT | +0.0100% | 8h | 0.09912 | +0.106% | $163.9M | $526.1M | 75x | as long as short |
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.09917 | +0.157% | $115.2M | $1.20B | 50x | as long as short |
| Arcus DOGE-USD | +0.0100% | 1h | 0.09916 | +0.146% | $16K | $311K | 10x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.09918 | +0.170% | $379K | $16K | 10x | as long as short |
| Gate DOGE_USDT | +0.0100% | 8h | 0.09911 | +0.096% | $249.1M | $158.3M | 75x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.09917 | +0.157% | $117.0M | $259.2M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.09916 | +0.146% | $66.2M | $50.0M | 75x | as long as short |
| BingX DOGE-USDC | +0.0100% | 8h | 0.09911 | +0.096% | — | $3.5M | — | as long as short |
| Backpack DOGE_USDC_PERP | +0.0100% | 1h | 0.09912 | +0.106% | $302K | $1.3M | 15x | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.09880 | −0.219% | $1.0M | $8.7M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.09892 | −0.094% | $300K | $139.8M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.09890 | −0.116% | $626K | $4.5M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.09890 | −0.116% | $141K | $345K | 25x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.09912 | +0.106% | $71K | $473K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.09911 | +0.099% | $18K | $7K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.09919 | +0.181% | $35K | $2.3M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.09913 | +0.116% | $2K | $5.5M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.09909 | +0.079% | $5.9M | $69.1M | 75x | as long as short |
| Phemex DOGEUSDT | +0.0100% | 8h | 0.09910 | +0.086% | $90.7M | $16.8M | 50x | as long as short |
| Paradex DOGE-USD-PERP | +0.0100% | 8h | 0.09914 | +0.127% | $18K | $5K | 30x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.09911 | +0.095% | $485K | $4.1M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.09913 | +0.113% | $19K | — | 3x | as long as short |
| Katana Perps DOGE-USD | +0.0106% | 8h | 0.09911 | +0.096% | $828 | $542K | 10x | as long as short |
| Deribit DOGE_USDC-PERPETUAL | +0.0154% | 1h | 0.09917 | +0.156% | $570K | $258K | 25x | as long as short |
| Phoenix DOGElong | +0.0160% | 1h | 0.09902 | long leg | $18K | $382K | 10x | |
| Reya DOGERUSDPERP | +0.0200% | 1h | 0.09905 | +0.039% | $2K | — | 20x | as long as short |
| Coinbase International DOGE-PERP-INTX | +0.0216% | 1h | 0.09911 | +0.096% | $1.9M | $35.0M | 50x | as long as short |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.09920 | +0.187% | $15.5M | $26.9M | 75x | as long as short |
| GMX DOGE/USD [ETH-USDC] | L +0.0235% / S −0.0245% | 1h | 0.09909 | +0.077% | $277K | — | 200x | as long as short |
| 01 Exchange DOGEUSD | +0.0240% | 1h | 0.09921 | +0.199% | $441 | $4K | 10x | as long as short |
| RISEx DOGE/USDC | +0.0731% | 1h | 0.09921 | +0.202% | $404K | $458K | 10x | as long as short |
Aster DOGEUSDT
Pacifica DOGE
Binance DOGEUSDT
Bybit DOGEUSDT
OKX DOGE-USDT-SWAP
Arcus DOGE-USD
Bulk DOGE-USD
Gate DOGE_USDT
MEXC DOGE_USDT
KuCoin DOGEUSDTM
BingX DOGE-USDC
Backpack DOGE_USDC_PERP
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
Phemex DOGEUSDT
Paradex DOGE-USD-PERP
Extended DOGE-USD
Aevo DOGE-PERP
Katana Perps DOGE-USD
Deribit DOGE_USDC-PERPETUAL
Reya DOGERUSDPERP
Coinbase International DOGE-PERP-INTX
BloFin DOGE-USDT
GMX DOGE/USD [ETH-USDC]
01 Exchange DOGEUSD
RISEx DOGE/USDC