Funding arb · Price arb /

DOGE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0193%/8h= +21.1% APRpaid last 24h +0.027%

Price spread now: Derive against Bitget−0.027%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Bitget Short on Derive

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Derive is 0.027% cheaper against Bitget than usual: you would sell low and buy high (spread −0.027% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 11 hours of funding at the current rate (+$6 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget DOGEUSDT	0.09986	−0.0093	get 0.0093% / 8h	5h 44m	$151.4M	$273.7M	75x
Short	Derive DOGE-PERP	0.09983	0.0100	get 0.0013% / 1h	44m 04s	$24K	$1K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Derive against Bitget. 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 BitgetbpFee DerivebpOrdersPrice spread, now −0.027%Rate

Funding earned: $40.53
Price spread: −0.027% → 0.000%: −$2.75
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Derive: 3 bp × 2 orders: −$6
Net: $19.78
Costs to cover: 0.180%
Break-even: 3.6 days

Slippage unknown: Bitget: live order book, 5 min ago; Derive: no order-book sample. Net counts fees only.

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 Bitget live order book, 5 min ago	0.50 bp	8.3 bp −$8	9.1 bp −$91	25.0 bp −$2,504	doesn't fit
Sell Derive no order-book sample	—	—	—	—	—

Derive: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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 DOGEUSDTlong	−0.0093%	8h	0.09986	long leg	$151.4M	$273.7M	75x
dYdX DOGE-USD	0.0000%	1h	0.09979	−0.068%	$224K	$49K	10x	as long as short
Kalshi KXDOGEPERP	0.0000%	8h	0.09985	−0.013%	$444K	$5.1M	2.8x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S 0.0000%	1h	0.09975	−0.105%	$24K	—	150x	as long as short
Lighter DOGE	+0.0096%	1h	0.09997	+0.107%	$815K	$6.1M	15x	as long as short
Katana Perps DOGE-USD	+0.0099%	8h	0.09990	+0.040%	$1K	$435K	10x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.09982	−0.040%	$532K	$991K	10x	as long as short
Aster DOGEUSDT	+0.0100%	8h	0.09986	+0.003%	$4.7M	$48.4M	75x	as long as short
Pacifica DOGE	+0.0100%	1h	0.09986	+0.001%	$328K	$484K	20x	as long as short
Binance DOGEUSDT	+0.0100%	8h	0.09990	+0.045%	$320.4M	$1.44B	75x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit DOGEUSDT	+0.0100%	8h	0.09990	+0.040%	$160.8M	$440.3M	75x	as long as short
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.09994	+0.080%	$111.4M	$987.8M	50x	as long as short
Bulk DOGE-USD	+0.0100%	1h	0.09995	+0.088%	$383K	$5K	10x	as long as short
Gate DOGE_USDT	+0.0100%	8h	0.09991	+0.050%	$243.2M	$131.7M	75x	as long as short
MEXC DOGE_USDT	+0.0100%	8h	0.09996	+0.100%	$113.4M	$229.4M	300x	as long as short
KuCoin DOGEUSDTM	+0.0100%	8h	0.09993	+0.070%	$66.1M	$43.3M	75x	as long as short
BingX DOGE-USDT	+0.0100%	8h	0.09995	+0.090%	—	$76.2M	—	as long as short
Backpack DOGE_USDC_PERP	+0.0100%	1h	0.09991	+0.050%	$329K	$1.1M	15x	as long as short
Variational Omni DOGE	+0.0100%	8h	0.09980	−0.063%	$997K	$8.2M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.09977	−0.089%	$296K	$129.9M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.09971	−0.147%	$635K	$4.4M	10x	as long as short
Polymarket Perps DOGE-USD	+0.0100%	1h	0.09977	−0.092%	$256K	$731K	10x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.09985	−0.010%	$70K	$440K	50x	as long as short
Derive DOGE-PERPshort	+0.0100%	1h	0.09983	−0.027%	$24K	$1K	10x
SunX DOGE-USDT	+0.0100%	8h	0.09985	−0.012%	$35K	$2.2M	30x	as long as short
SoDEX DOGE-USD	+0.0100%	1h	0.09985	−0.010%	$2K	$3.9M	10x	as long as short
HTX DOGE-USDT	+0.0100%	8h	0.09973	−0.132%	$5.9M	$56.4M	75x	as long as short
Phemex DOGEUSDT	+0.0100%	8h	0.09988	+0.020%	$92.0M	$16.7M	50x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.09980	−0.062%	$558K	$4.0M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.09984	−0.024%	$19K	—	3x	as long as short
Paradex DOGE-USD-PERP	+0.0104%	8h	0.09985	−0.015%	$18K	$6K	30x	as long as short
Deribit DOGE_USDC-PERPETUAL	+0.0131%	1h	0.09987	+0.014%	$597K	$118K	25x	as long as short
Reya DOGERUSDPERP	+0.0186%	1h	0.09979	−0.068%	$2K	—	20x	as long as short
01 Exchange DOGEUSD	+0.0200%	1h	0.09989	+0.025%	$532	$4K	10x	as long as short
BloFin DOGE-USDT	+0.0220%	8h	0.09993	+0.070%	—	$25.2M	75x	as long as short
Phoenix DOGE	+0.0240%	1h	0.1000	+0.172%	$65K	$288K	10x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0246% / S −0.0267%	1h	0.09976	−0.098%	$311K	—	200x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0248%	1h	0.09990	+0.040%	$2.3M	$26.1M	50x	as long as short
Kraken Futures PF_DOGEUSD	+0.0306%	1h	0.09987	+0.005%	$5.7M	$35.0M	50x	as long as short
ApeX Omni DOGEUSDT	+0.0405%	1h	0.09980	−0.060%	$146K	$276K	25x	as long as short
Hyperliquid DOGE	+0.0426%	1h	0.1000	+0.160%	$122.0M	$100.0M	10x	as long as short
RISEx DOGE/USDC	+0.0747%	1h	0.09991	+0.049%	$402K	$367K	10x	as long as short
Arcus DOGE-USD	+0.0781%	1h	0.09998	+0.120%	$128K	$179K	10x	as long as short
Injective DOGE/USDC PERP	+0.1072%	1h	0.1000	+0.140%	$5K	$239K	12x	as long as short