Funding you earn now, next payment 05:00 UTC−0.0140%/8h= −15.3% APRnext payment −$0.17 per $10,000 · paid last 24h 0.000%
Price spread now: SoDEX against Phoenix+0.131%70s7-day average −0.038% · 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−$340.340% of the position
Funding, last 3 days (all we have)+0.051%+$5 on $10k
+Price spread, last 4 days (all we have)−0.144%−$14 · spread now +0.131%, 7d avg −0.038%
=The price spread pays, funding is against you. SoDEX is 0.168% dearer against Phoenix than usual: you sell high and buy low (spread +0.131% now, against its 7-day average of −0.038%): +$17 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 4.0 days. Mind the row above: over the last 3 days funding on this pair paid +0.051%, so the current rate has only just turned against you. The two prices were read 70 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 | 1m 41s | $18K | $382K | 10x |
| Short | SoDEX DOGE-USD | 0.1003 | 0.0100 | get 0.0013% / 1h | 1m 41s | $2K | $5.3M | 10x |
Phoenix DOGE
SoDEX DOGE-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
SoDEX 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
- −$29.4
- Price spread: +0.131% → −0.038%
- $16.84
- Slippage, 4 orders
- −$18.97
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Net
- −$46.53
- Costs to cover
- 0.340%
- Break-even
- never at this rate
Slippage from Phoenix: live order book, 41 min ago; SoDEX: live order book, 2 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, 41 min ago | 1.00 bp | 12.4 bp −$12 | 50.8 bp −$508 | doesn't fit | doesn't fit |
| Sell SoDEX live order book, 2 min ago | 0.50 bp | 4.5 bp −$5 | 8.4 bp −$84 | 145.6 bp −$14.6K | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.1001 | +0.008% | $598K | $6.5M | 2.8x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S 0.0000% | 1h | 0.1002 | +0.109% | $34K | — | 150x | as long as short |
| Kraken Futures PF_DOGEUSD | +0.0002% | 1h | 0.1003 | +0.152% | $5.7M | $40.3M | 50x | as long as short |
| dYdX DOGE-USD | +0.0023% | 1h | 0.1001 | −0.003% | $225K | $69K | 10x | as long as short |
| Polymarket Perps DOGE-USD | +0.0043% | 1h | 0.1002 | +0.041% | $269K | $1.2M | 10x | as long as short |
| Bitget DOGEUSDT | +0.0093% | 8h | 0.1001 | −0.019% | $143.0M | $343.4M | 75x | as long as short |
| Lighter DOGE | +0.0096% | 1h | 0.1003 | +0.142% | $856K | $6.8M | 15x | as long as short |
| Nado DOGE-PERP | +0.0100% | 1h | 0.1002 | +0.046% | $541K | $1.1M | 10x | as long as short |
| Aster DOGEUSDT | +0.0100% | 8h | 0.1002 | +0.059% | $4.6M | $58.1M | 75x | as long as short |
| Pacifica DOGE | +0.0100% | 1h | 0.1002 | +0.070% | $321K | $514K | 20x | as long as short |
Kalshi KXDOGEPERP
gTrade (Gains Network) DOGE/USD
Kraken Futures PF_DOGEUSD
dYdX DOGE-USD
Polymarket Perps DOGE-USD
Bitget DOGEUSDT
Lighter DOGE
Nado DOGE-PERP
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 | 0.1002 | +0.058% | $329.8M | $1.70B | 75x | as long as short |
| Bybit DOGEUSDT | +0.0100% | 8h | 0.1001 | −0.019% | $165.7M | $520.0M | 75x | as long as short |
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.1002 | +0.011% | $118.1M | $1.20B | 50x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.1001 | −0.028% | $385K | $16K | 10x | as long as short |
| Gate DOGE_USDT | +0.0100% | 8h | 0.1002 | +0.031% | $249.4M | $155.6M | 75x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.1002 | +0.011% | $112.2M | $257.8M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.1001 | +0.001% | $66.5M | $50.0M | 75x | as long as short |
| BingX DOGE-USDT | +0.0100% | 8h | 0.1002 | +0.071% | — | $80.7M | — | as long as short |
| Backpack DOGE_USDC_PERP | +0.0100% | 1h | 0.1003 | +0.171% | $315K | $1.3M | 15x | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.1002 | +0.048% | $1.1M | $8.7M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.1001 | 0.000% | $314K | $139.9M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.1002 | +0.021% | $638K | $4.7M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.1002 | +0.061% | $150K | $346K | 25x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.1002 | +0.101% | $64K | $478K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.1002 | +0.094% | $19K | $7K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.1002 | +0.018% | $35K | $2.3M | 30x | as long as short |
| SoDEX DOGE-USDshort | +0.0100% | 1h | 0.1003 | +0.131% | $2K | $5.3M | 10x | |
| HTX DOGE-USDT | +0.0100% | 8h | 0.1003 | +0.132% | $5.9M | $68.5M | 75x | as long as short |
| Phemex DOGEUSDT | +0.0100% | 8h | 0.1003 | +0.141% | $92.1M | $17.0M | 50x | as long as short |
| Paradex DOGE-USD-PERP | +0.0100% | 8h | 0.1001 | −0.008% | $18K | $5K | 30x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.1002 | +0.031% | $487K | $4.1M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.1002 | +0.109% | $19K | — | 3x | as long as short |
| Katana Perps DOGE-USD | +0.0110% | 8h | 0.1002 | +0.071% | $1K | $527K | 10x | as long as short |
| Hyperliquid DOGE | +0.0117% | 1h | 0.1003 | +0.161% | $124.2M | $116.3M | 10x | as long as short |
| Reya DOGERUSDPERP | +0.0196% | 1h | 0.1002 | +0.076% | $2K | — | 20x | as long as short |
| 01 Exchange DOGEUSD | +0.0200% | 1h | 0.1003 | +0.151% | $446 | $4K | 10x | as long as short |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.1002 | +0.021% | $16.1M | $27.1M | 75x | as long as short |
| Arcus DOGE-USD | +0.0231% | 1h | 0.1003 | +0.111% | $27K | $300K | 10x | as long as short |
| Phoenix DOGElong | +0.0240% | 1h | 0.1001 | long leg | $18K | $382K | 10x | |
| GMX DOGE/USD [ETH-USDC] | L +0.0250% / S −0.0294% | 1h | 0.1003 | +0.121% | $316K | — | 200x | as long as short |
| Coinbase International DOGE-PERP-INTX | +0.0304% | 1h | 0.1003 | +0.121% | $2.0M | $34.5M | 50x | as long as short |
| Deribit DOGE_USDC-PERPETUAL | +0.0329% | 1h | 0.1003 | +0.155% | $575K | $252K | 25x | as long as short |
| RISEx DOGE/USDC | +0.0686% | 1h | 0.1003 | +0.155% | $406K | $453K | 10x | as long as short |
| Injective DOGE/USDC PERP | +0.1217% | 1h | 0.1053 | +5.154% | $6K | $242K | 12x | as long as short |
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
Orderly PERP_DOGE_USDC
Derive DOGE-PERP
SunX DOGE-USDT
HTX DOGE-USDT
Phemex DOGEUSDT
Paradex DOGE-USD-PERP
Extended DOGE-USD
Aevo DOGE-PERP
Katana Perps DOGE-USD
Hyperliquid DOGE
Reya DOGERUSDPERP
01 Exchange DOGEUSD
BloFin DOGE-USDT
Arcus DOGE-USD
GMX DOGE/USD [ETH-USDC]
Coinbase International DOGE-PERP-INTX
Deribit DOGE_USDC-PERPETUAL
RISEx DOGE/USDC
Injective DOGE/USDC PERP