Funding arb · Price arb /

DOGE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.005%

Price spread now: Gate against Arcus−0.312%7-day average −0.031% · 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−$67as in the Price arb table

costs, in and out, $10k−$380.385% of the position

Long on Arcus Short on Gate

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.021%−$2 on $10k

Price spread, last 4 days (all we have)+0.282%+$28 · spread now −0.312%, 7d avg −0.031%

Together, before fees+0.261%+$26 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.281% cheaper against Arcus than usual: you would sell low and buy high, −$28 on $10k if it goes back to its 7-day average of −0.031%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus DOGE-USD	0.09933	0.0100	pay 0.0013% / 1h	31m 48s	$128K	$178K	10x
Short	Gate DOGE_USDT	0.09902	0.0100	get 0.0100% / 8h	6h 31m	$240.7M	$131.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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

Position, each leg$Hold fordaysFee ArcusbpFee GatebpOrdersPrice spread, now −0.312%Rate

Funding earned: $0
Price spread: −0.312% → −0.031%: −$28.11
Slippage, 4 orders: −$19
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$66.61
Costs to cover: 0.385%
Break-even: never at this rate

Slippage from Arcus: live order book, 32 min ago; Gate: 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 Arcus live order book, 32 min ago	3.00 bp	8.6 bp −$9	36.7 bp −$367	doesn't fit	doesn't fit
Sell Gate live order book, 2 min ago	0.51 bp	11.0 bp −$11	17.8 bp −$178	30.3 bp −$3,034	53.3 bp −$26.6K

DOGE on 43 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	−0.0121%	8h	0.09892	−0.413%	$150.0M	$273.4M	75x	as long as short
Kalshi KXDOGEPERP	0.0000%	8h	0.09879	−0.545%	$389K	$5.0M	2.8x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S 0.0000%	1h	0.09912	−0.209%	$23K	—	150x	as long as short
dYdX DOGE-USD	+0.0021%	1h	0.09918	−0.152%	$223K	$51K	10x	as long as short
Deribit DOGE_USDC-PERPETUAL	+0.0043%	1h	0.09915	−0.176%	$592K	$118K	25x	as long as short
Kraken Futures PF_DOGEUSD	+0.0067%	1h	0.09909	−0.238%	$5.8M	$34.1M	50x	as long as short
Lighter DOGE	+0.0096%	1h	0.09909	−0.244%	$769K	$6.0M	15x	as long as short
Katana Perps DOGE-USD	+0.0099%	8h	0.09918	−0.151%	$829	$429K	10x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.09928	−0.045%	$484K	$971K	10x	as long as short
Aster DOGEUSDT	+0.0100%	8h	0.09907	−0.258%	$4.6M	$48.3M	75x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica DOGE	+0.0100%	1h	0.09922	−0.106%	$327K	$504K	20x	as long as short
Binance DOGEUSDT	+0.0100%	8h	0.09908	−0.252%	$313.7M	$1.43B	75x	as long as short
Bybit DOGEUSDT	+0.0100%	8h	0.09899	−0.342%	$156.7M	$442.3M	75x	as long as short
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.09903	−0.302%	$109.1M	$974.6M	50x	as long as short
Arcus DOGE-USDlong	+0.0100%	1h	0.09933	long leg	$128K	$178K	10x
Bulk DOGE-USD	+0.0100%	1h	0.09870	−0.634%	$378K	$5K	10x	as long as short
Gate DOGE_USDTshort	+0.0100%	8h	0.09902	−0.312%	$240.7M	$131.8M	75x
MEXC DOGE_USDT	+0.0100%	8h	0.09907	−0.262%	$109.1M	$229.2M	300x	as long as short
KuCoin DOGEUSDTM	+0.0100%	8h	0.09908	−0.252%	$65.5M	$43.0M	75x	as long as short
BingX DOGE-USDT	+0.0100%	8h	0.09902	−0.312%	—	$76.5M	—	as long as short
Backpack DOGE_USDC_PERP	+0.0100%	1h	0.09910	−0.232%	$343K	$1.1M	15x	as long as short
Variational Omni DOGE	+0.0100%	8h	0.09884	−0.494%	$973K	$8.2M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.09884	−0.497%	$271K	$128.3M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.09887	−0.467%	$622K	$4.5M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.09880	−0.534%	$144K	$276K	25x	as long as short
Polymarket Perps DOGE-USD	+0.0100%	1h	0.09924	−0.091%	$256K	$642K	10x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.09916	−0.171%	$70K	$440K	50x	as long as short
Derive DOGE-PERP	+0.0100%	1h	0.09914	−0.195%	$24K	$1K	10x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.09919	−0.141%	$35K	$2.2M	30x	as long as short
SoDEX DOGE-USD	+0.0100%	1h	0.09912	−0.211%	$2K	$3.7M	10x	as long as short
HTX DOGE-USDT	+0.0100%	8h	0.09918	−0.147%	$5.9M	$54.8M	75x	as long as short
Phemex DOGEUSDT	+0.0100%	8h	0.09906	−0.272%	$91.3M	$17.1M	50x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.09905	−0.278%	$523K	$3.9M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.09917	−0.158%	$19K	—	3x	as long as short
Paradex DOGE-USD-PERP	+0.0112%	8h	0.09922	−0.108%	$18K	$6K	30x	as long as short
Reya DOGERUSDPERP	+0.0184%	1h	0.09928	−0.052%	$2K	—	20x	as long as short
01 Exchange DOGEUSD	+0.0192%	1h	0.09923	−0.099%	$529	$4K	10x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0240%	1h	0.09925	−0.081%	$2.0M	$25.0M	50x	as long as short
Phoenix DOGE	+0.0241%	1h	0.09898	−0.351%	$64K	$284K	10x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0245% / S −0.0267%	1h	0.09914	−0.189%	$309K	—	200x	as long as short
RISEx DOGE/USDC	+0.0563%	1h	0.09926	−0.071%	$319K	$404K	10x	as long as short
Hyperliquid DOGE	+0.0706%	1h	0.09912	−0.208%	$120.6M	$97.3M	10x	as long as short
Injective DOGE/USDC PERP	+0.1004%	1h	0.09920	−0.131%	$5K	$239K	12x	as long as short