Settings8H · net · $10k
Funding arb · Price arb /

DOGE

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC−0.0586%/8h= −64.2% APRnext payment $0.73 per $10,000 · paid last 24h −0.004%
Price spread now: Extended against Arcus−0.113%7-day average −0.056% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$30as in the Price arb table
costs, in and out, $10k−$250.245% of the position
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.007%+$1 on $10k
Price spread, last 4 days (all we have)+0.135%+$13 · spread now −0.113%, 7d avg −0.056%
Together, before fees+0.142%+ Points / potential airdropExtended: Active · farm board+$14 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$18 a day on $10k at the current rate, and Extended is 0.057% cheaper against Arcus than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.056%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.007% in total (about 0.7% a year). A funding rate is set anew for every payment; at this rate the next one is about $0.73 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongArcus DOGE-USD0.098940.0690pay 0.0086% / 1h52m 25s$117K$189K10x
ShortExtended DOGE-USD0.098830.0104get 0.0013% / 1h52m 25s$495K$4.0M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended against Arcus. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
−$123.12
Price spread: −0.113% → −0.056%
−$5.68
Slippage, 4 orders
−$15.02
Fee Arcus: 2.25 bp × 2 orders
−$4.5
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$153.32
Costs to cover
0.245%
Break-even
never at this rate
Slippage from Arcus: live order book, 1 min ago; Extended: live order book, 1 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Arcus live order book, 1 min ago2.02 bp4.5 bp −$413.7 bp −$137doesn't fitdoesn't fit
Sell Extended live order book, 1 min ago2.52 bp5.0 bp −$56.1 bp −$6117.6 bp −$1,763doesn't fit

DOGE on 44 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget DOGEUSDT−0.0063%8h0.09873−0.212%$149.2M$274.5M75xas long as short
Kraken Futures PF_DOGEUSD−0.0032%1h0.09920+0.263%$5.7M$35.4M50xas long as short
Kalshi KXDOGEPERP0.0000%8h0.09911+0.172%$429K$5.2M2.8xas long as short
dYdX DOGE-USD+0.0001%1h0.09891−0.033%$222K$49K10xas long as short
gTrade (Gains Network) DOGE/USDL +0.0001% / S 0.0000%1h0.09880−0.142%$23K150xas long as short
Polymarket Perps DOGE-USD+0.0041%1h0.09878−0.157%$252K$812K10xas long as short
Deribit DOGE_USDC-PERPETUAL+0.0073%1h0.09925+0.313%$593K$118K25xas long as short
Lighter DOGE+0.0096%1h0.09901+0.071%$747K$6.2M15xas long as short
Katana Perps DOGE-USD+0.0099%8h0.09883−0.111%$893$446K10xas long as short
Nado DOGE-PERP+0.0100%1h0.09882−0.126%$526K$1.0M10xas long as short
Show all 44 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster DOGEUSDT+0.0100%8h0.09889−0.047%$4.5M$48.9M75xas long as short
Pacifica DOGE+0.0100%1h0.09900+0.057%$321K$482K20xas long as short
Binance DOGEUSDT+0.0100%8h0.09882−0.119%$315.7M$1.45B75xas long as short
Bybit DOGEUSDT+0.0100%8h0.09879−0.152%$159.7M$441.3M75xas long as short
OKX DOGE-USDT-SWAP+0.0100%8h0.09880−0.141%$110.3M$984.4M50xas long as short
Bulk DOGE-USD+0.0100%1h0.09930+0.364%$381K$010xas long as short
Gate DOGE_USDT+0.0100%8h0.09880−0.141%$241.6M$132.7M75xas long as short
MEXC DOGE_USDT+0.0100%8h0.09887−0.071%$111.1M$233.1M300xas long as short
KuCoin DOGEUSDTM+0.0100%8h0.09886−0.081%$65.3M$43.4M75xas long as short
BingX DOGE-USDT+0.0100%8h0.09881−0.131%$76.3Mas long as short
Backpack DOGE_USDC_PERP+0.0100%1h0.09918+0.243%$311K$1.1M15xas long as short
Variational Omni DOGE+0.0100%8h0.09912+0.181%$973K$8.2Mas long as short
edgeX DOGEUSDC+0.0100%4h0.09913+0.196%$294K$129.0M20xas long as short
GRVT DOGE_USDT_Perp+0.0100%8h0.09883−0.107%$622K$4.4M10xas long as short
ApeX Omni DOGEUSDT+0.0100%1h0.09870−0.243%$143K$282K25xas long as short
Orderly PERP_DOGE_USDC+0.0100%8h0.09880−0.141%$69K$437K50xas long as short
Derive DOGE-PERP+0.0100%1h0.09878−0.162%$24K$1K10xas long as short
SunX DOGE-USDT+0.0100%8h0.09905+0.113%$35K$2.2M30xas long as short
SoDEX DOGE-USD+0.0100%1h0.09921+0.273%$47K$3.9M10xas long as short
HTX DOGE-USDT+0.0100%8h0.09907+0.131%$5.9M$56.9M75xas long as short
Phemex DOGEUSDT+0.0100%8h0.09920+0.263%$91.2M$16.6M50xas long as short
Paradex DOGE-USD-PERP+0.0101%8h0.09891−0.035%$18K$7K30xas long as short
Extended DOGE-USDshort+0.0104%1h0.09883−0.113%$495K$4.0M50x
Aevo DOGE-PERP+0.0104%1h0.09880−0.143%$19K3xas long as short
Reya DOGERUSDPERP+0.0188%1h0.09886−0.083%$2K20xas long as short
01 Exchange DOGEUSD+0.0192%1h0.09886−0.082%$527$4K10xas long as short
BloFin DOGE-USDT+0.0220%8h0.09921+0.273%$15.6M$25.1M75xas long as short
Phoenix DOGE+0.0242%1h0.09913+0.191%$64K$288K10xas long as short
GMX DOGE/USD [ETH-USDC]L +0.0246% / S −0.0269%1h0.09880−0.141%$309K200xas long as short
Coinbase International DOGE-PERP-INTX+0.0296%1h0.09929+0.354%$2.3M$26.6M50xas long as short
Hyperliquid DOGE+0.0304%1h0.09894−0.001%$120.5M$99.8M10xas long as short
Arcus DOGE-USDlong+0.0690%1h0.09894long leg$117K$189K10x
RISEx DOGE/USDC+0.0695%1h0.09888−0.060%$399K$411K10xas long as short
Injective DOGE/USDC PERP+0.1004%1h0.09940+0.465%$5K$239K12xas long as short