Funding you earn now, next payment 02:00 UTC−0.0140%/8h= −15.4% APRpaid last 24h +0.009%
Price spread now: SunX against Phoenix−0.552%69s7-day average 0.000% · you buy dearer than you sell
Net, funding: paid 7d − costs−$47as 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−$700.695% of the position
Funding, last 7 days+0.226%+$23 on $10k
+Price spread, last 4 days (all we have)+0.478%+$48 · spread now −0.552%, 7d avg 0.000%
=Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and SunX is 0.552% cheaper against Phoenix than usual: you would sell low and buy high (−$55 if the spread goes back to its 7-day average of 0.000%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.226%, so the current rate has only just turned against you. The two prices were read 69 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 | 0.09962 | 0.0240 | pay 0.0030% / 1h | 5m 47s | $65K | $288K | 10x |
| Short | SunX DOGE-USDT | 0.09907 | 0.0100 | get 0.0100% / 8h | 5h 05m | $35K | $2.2M | 30x |
Phoenix DOGE
SunX DOGE-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
SunX 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
- −$29.46
- Price spread: −0.552% → 0.000%
- −$55.19
- Slippage, 4 orders
- −$54.55
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- −$154.2
- Costs to cover
- 0.695%
- Break-even
- never at this rate
Slippage from Phoenix: live order book, 52 min ago; SunX: live order book, just now.
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, 52 min ago | 1.00 bp | 12.4 bp −$12 | 50.7 bp −$507 | doesn't fit | doesn't fit |
| Sell SunX live order book, just now | 16.02 bp | 21.6 bp −$22 | 29.0 bp −$290 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget DOGEUSDT | −0.0071% | 8h | 0.09881 | −0.817% | $149.5M | $274.2M | 75x | as long as short |
| dYdX DOGE-USD | 0.0000% | 1h | 0.09886 | −0.766% | $222K | $49K | 10x | as long as short |
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.09897 | −0.652% | $427K | $5.2M | 2.8x | as long as short |
| Deribit DOGE_USDC-PERPETUAL | 0.0000% | 1h | 0.09889 | −0.735% | $591K | $118K | 25x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S 0.0000% | 1h | 0.09887 | −0.755% | $23K | — | 150x | as long as short |
| Lighter DOGE | +0.0096% | 1h | 0.09887 | −0.755% | $748K | $6.2M | 15x | as long as short |
| Katana Perps DOGE-USD | +0.0100% | 8h | 0.09887 | −0.757% | $893 | $444K | 10x | as long as short |
| Nado DOGE-PERP | +0.0100% | 1h | 0.09879 | −0.832% | $525K | $999K | 10x | as long as short |
| Aster DOGEUSDT | +0.0100% | 8h | 0.09890 | −0.732% | $4.7M | $48.7M | 75x | as long as short |
| Pacifica DOGE | +0.0100% | 1h | 0.09889 | −0.733% | $325K | $484K | 20x | as long as short |
Bitget DOGEUSDT
dYdX DOGE-USD
Kalshi KXDOGEPERP
Deribit DOGE_USDC-PERPETUAL
gTrade (Gains Network) DOGE/USD
Lighter DOGE
Katana Perps DOGE-USD
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 | 0.09885 | −0.778% | $316.2M | $1.45B | 75x | as long as short |
| Bybit DOGEUSDT | +0.0100% | 8h | 0.09889 | −0.737% | $159.3M | $441.0M | 75x | as long as short |
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.09891 | −0.717% | $110.0M | $984.5M | 50x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.09966 | +0.036% | $382K | $0 | 10x | as long as short |
| Gate DOGE_USDT | +0.0100% | 8h | 0.09886 | −0.767% | $241.5M | $134.0M | 75x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.09888 | −0.747% | $109.9M | $232.3M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.09888 | −0.747% | $65.4M | $43.4M | 75x | as long as short |
| BingX DOGE-USDT | +0.0100% | 8h | 0.09890 | −0.727% | — | $76.3M | — | as long as short |
| Backpack DOGE_USDC_PERP | +0.0100% | 1h | 0.09892 | −0.707% | $321K | $1.1M | 15x | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.09887 | −0.761% | $979K | $8.1M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.09941 | −0.212% | $296K | $128.5M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.09944 | −0.181% | $633K | $4.4M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.09940 | −0.225% | $145K | $281K | 25x | as long as short |
| Polymarket Perps DOGE-USD | +0.0100% | 1h | 0.09880 | −0.830% | $251K | $749K | 10x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.09888 | −0.747% | $69K | $438K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.09887 | −0.752% | $24K | $1K | 10x | as long as short |
| SunX DOGE-USDTshort | +0.0100% | 8h | 0.09907 | −0.552% | $35K | $2.2M | 30x | |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.09892 | −0.707% | $2K | $3.9M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.09893 | −0.700% | $5.9M | $56.9M | 75x | as long as short |
| Phemex DOGEUSDT | +0.0100% | 8h | 0.09897 | −0.656% | $91.1M | $16.6M | 50x | as long as short |
| Paradex DOGE-USD-PERP | +0.0102% | 8h | 0.09888 | −0.752% | $18K | $6K | 30x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.09891 | −0.717% | $496K | $4.1M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.09887 | −0.757% | $19K | — | 3x | as long as short |
| Reya DOGERUSDPERP | +0.0188% | 1h | 0.09887 | −0.756% | $2K | — | 20x | as long as short |
| 01 Exchange DOGEUSD | +0.0216% | 1h | 0.09888 | −0.746% | $527 | $4K | 10x | as long as short |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.09908 | −0.546% | $15.5M | $25.0M | 75x | as long as short |
| Phoenix DOGElong | +0.0240% | 1h | 0.09962 | long leg | $65K | $288K | 10x | |
| GMX DOGE/USD [ETH-USDC] | L +0.0246% / S −0.0269% | 1h | 0.09888 | −0.751% | $309K | — | 200x | as long as short |
| Coinbase International DOGE-PERP-INTX | +0.0248% | 1h | 0.09897 | −0.656% | $2.3M | $26.3M | 50x | as long as short |
| Kraken Futures PF_DOGEUSD | +0.0309% | 1h | 0.09893 | −0.694% | $5.7M | $35.3M | 50x | as long as short |
| Hyperliquid DOGE | +0.0499% | 1h | 0.09897 | −0.660% | $120.5M | $99.5M | 10x | as long as short |
| RISEx DOGE/USDC | +0.0747% | 1h | 0.09889 | −0.742% | $399K | $390K | 10x | as long as short |
| Arcus DOGE-USD | +0.0781% | 1h | 0.09909 | −0.536% | $117K | $189K | 10x | as long as short |
| Injective DOGE/USDC PERP | +0.1072% | 1h | 0.09960 | −0.024% | $5K | $239K | 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
Polymarket Perps DOGE-USD
Orderly PERP_DOGE_USDC
Derive DOGE-PERP
SoDEX DOGE-USD
HTX DOGE-USDT
Phemex DOGEUSDT
Paradex DOGE-USD-PERP
Extended DOGE-USD
Aevo DOGE-PERP
Reya DOGERUSDPERP
01 Exchange DOGEUSD
BloFin DOGE-USDT
GMX DOGE/USD [ETH-USDC]
Coinbase International DOGE-PERP-INTX
Kraken Futures PF_DOGEUSD
Hyperliquid DOGE
RISEx DOGE/USDC
Arcus DOGE-USD
Injective DOGE/USDC PERP