Funding you earn now, next payment 23:00 UTC+0.0139%/8h= +15.2% APRnext payment +$0.17 per $10,000 · paid last 24h −0.018%
Price spread now: Phoenix against SoDEX−0.300%7-day average +0.027% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$66as in the Price arb table
costs, in and out, $10k−$340.337% of the position
Funding, last 3 days (all we have)−0.062%−$6 on $10k
+Price spread, last 3 days (all we have)+0.313%+$31 · spread now −0.300%, 7d avg +0.027%
=Funding pays, the price is against you. Phoenix is 0.326% cheaper against SoDEX than usual: you would sell low and buy high (spread −0.300% now, against its 7-day average of +0.027%). If the spread goes back, that is −$33 on $10k: about 7.8 days of funding at the current rate (+$4 a day). Mind the row above: over the last 3 days funding on this pair cost −0.062%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SoDEX DOGE-USD | 0.1018 | 0.0100 | pay 0.0013% / 1h | 44m 44s | $2K | $3.6M | 10x |
| Short | Phoenix DOGE | 0.1015 | 0.0239 | get 0.0030% / 1h | 44m 44s | $67K | $281K | 10x |
SoDEX DOGE-USD
Phoenix DOGEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against SoDEX. 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
- $29.19
- Price spread: −0.300% → +0.027%
- −$32.61
- Slippage, 4 orders
- −$18.72
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$37.14
- Costs to cover
- 0.337%
- Break-even
- 15.9 days
Slippage from SoDEX: live order book, 4 min ago; Phoenix: live order book, 28 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 SoDEX live order book, 4 min ago | 0.49 bp | 4.5 bp −$5 | 8.7 bp −$87 | 147.7 bp −$14.8K | doesn't fit |
| Sell Phoenix live order book, 28 min ago | 1.00 bp | 12.3 bp −$12 | 43.0 bp −$430 | 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 | −0.0243% | 8h | 0.1015 | −0.265% | $154.8M | $268.3M | 75x | as long as short |
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.1020 | +0.155% | $424K | $4.7M | 2.8x | as long as short |
| Deribit DOGE_USDC-PERPETUAL | 0.0000% | 1h | 0.1018 | +0.007% | $612K | $109K | 25x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S 0.0000% | 1h | 0.1018 | −0.042% | $24K | — | 150x | as long as short |
| Gate DOGE_USDT | +0.0080% | 8h | 0.1017 | −0.128% | $245.6M | $126.0M | 75x | as long as short |
| Lighter DOGE | +0.0096% | 1h | 0.1017 | −0.116% | $784K | $5.5M | 15x | as long as short |
| Katana Perps DOGE-USD | +0.0097% | 8h | 0.1018 | −0.020% | $1K | $388K | 10x | as long as short |
| dYdX DOGE-USD | +0.0099% | 1h | 0.1016 | −0.218% | $228K | $44K | 10x | as long as short |
| Nado DOGE-PERP | +0.0100% | 1h | 0.1018 | −0.034% | $607K | $898K | 10x | as long as short |
| Aster DOGEUSDT | +0.0100% | 8h | 0.1017 | −0.075% | $5.1M | $45.1M | 75x | as long as short |
Bitget DOGEUSDT
Kalshi KXDOGEPERP
Deribit DOGE_USDC-PERPETUAL
gTrade (Gains Network) DOGE/USD
Gate DOGE_USDT
Lighter DOGE
Katana Perps DOGE-USD
dYdX DOGE-USD
Nado DOGE-PERP
Aster DOGEUSDTShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica DOGE | +0.0100% | 1h | 0.1020 | +0.192% | $340K | $506K | 20x | as long as short |
| Binance DOGEUSDT | +0.0100% | 8h | 0.1016 | −0.222% | $324.3M | $1.35B | 75x | as long as short |
| Bybit DOGEUSDT | +0.0100% | 8h | 0.1016 | −0.236% | $160.3M | $429.1M | 75x | as long as short |
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.1017 | −0.157% | $110.8M | $956.8M | 50x | as long as short |
| Arcus DOGE-USD | +0.0100% | 1h | 0.1019 | +0.049% | $32K | $80K | 10x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.1015 | −0.354% | $389K | $12K | 10x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.1017 | −0.069% | $114.4M | $219.7M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.1017 | −0.079% | $66.9M | $41.7M | 75x | as long as short |
| BingX DOGE-USDT | +0.0100% | 8h | 0.1017 | −0.098% | — | $75.6M | — | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.1018 | +0.032% | $1.1M | $8.1M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.1013 | −0.530% | $278K | $117.8M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.1012 | −0.551% | $641K | $4.6M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.1012 | −0.599% | $148K | $249K | 25x | as long as short |
| Polymarket Perps DOGE-USD | +0.0100% | 1h | 0.1017 | −0.059% | $263K | $555K | 10x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.1018 | 0.000% | $74K | $433K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.1018 | −0.012% | $25K | $1K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.1018 | −0.001% | $36K | $2.2M | 30x | as long as short |
| SoDEX DOGE-USDlong | +0.0100% | 1h | 0.1018 | long leg | $2K | $3.6M | 10x | |
| HTX DOGE-USDT | +0.0100% | 8h | 0.1018 | +0.015% | $6.1M | $51.3M | 75x | as long as short |
| Phemex DOGEUSDT | +0.0100% | 8h | 0.1018 | −0.020% | $94.2M | $19.2M | 50x | as long as short |
| Paradex DOGE-USD-PERP | +0.0100% | 8h | 0.1019 | +0.062% | $18K | $5K | 30x | as long as short |
| Kraken Futures PF_DOGEUSD | +0.0103% | 1h | 0.1018 | −0.030% | $6.1M | $33.1M | 50x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.1017 | −0.097% | $562K | $3.7M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.1018 | −0.018% | $19K | — | 3x | as long as short |
| Reya DOGERUSDPERP | +0.0178% | 1h | 0.1018 | −0.014% | $2K | — | 20x | as long as short |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.1018 | −0.010% | $15.4M | $25.6M | 75x | as long as short |
| Phoenix DOGEshort | +0.0239% | 1h | 0.1015 | −0.300% | $67K | $281K | 10x | |
| Coinbase International DOGE-PERP-INTX | +0.0240% | 1h | 0.1018 | +0.039% | $2.1M | $24.5M | 50x | as long as short |
| 01 Exchange DOGEUSD | +0.0248% | 1h | 0.1018 | −0.007% | $538 | $4K | 10x | as long as short |
| GMX DOGE/USD [ETH-USDC] | L +0.0253% / S −0.0291% | 1h | 0.1018 | −0.048% | $334K | — | 200x | as long as short |
| Backpack DOGE_USDC_PERP | +0.0468% | 1h | 0.1018 | +0.020% | $544K | $963K | 15x | as long as short |
| RISEx DOGE/USDC | +0.0708% | 1h | 0.1018 | +0.034% | $319K | $475K | 10x | as long as short |
| Hyperliquid DOGE | +0.0952% | 1h | 0.1018 | −0.020% | $118.8M | $87.8M | 10x | as long as short |
| Injective DOGE/USDC PERP | +0.1039% | 1h | 0.1021 | +0.285% | $5K | $239K | 12x | as long as short |
Pacifica DOGE
Binance DOGEUSDT
Bybit DOGEUSDT
OKX DOGE-USDT-SWAP
Arcus DOGE-USD
Bulk DOGE-USD
MEXC DOGE_USDT
KuCoin DOGEUSDTM
BingX DOGE-USDT
Variational Omni DOGE
edgeX DOGEUSDC
GRVT DOGE_USDT_Perp
ApeX Omni DOGEUSDT
Polymarket Perps DOGE-USD
Orderly PERP_DOGE_USDC
Derive DOGE-PERP
SunX DOGE-USDT
HTX DOGE-USDT
Phemex DOGEUSDT
Paradex DOGE-USD-PERP
Kraken Futures PF_DOGEUSD
Extended DOGE-USD
Aevo DOGE-PERP
Reya DOGERUSDPERP
BloFin DOGE-USDT
Coinbase International DOGE-PERP-INTX
01 Exchange DOGEUSD
GMX DOGE/USD [ETH-USDC]
Backpack DOGE_USDC_PERP
RISEx DOGE/USDC
Hyperliquid DOGE
Injective DOGE/USDC PERP