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

DOGE

all DOGE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC+0.0360%/8h= +39.4% APRpaid last 24h 0.000%
Price spread now: Nado against Bitget−0.030%7-day average +0.030% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$37as in the Price arb table
costs, in and out, $10k−$310.311% of the position
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.014%+$1 on $10k
Price spread, last 3 days (all we have)+0.212%+$21 · spread now −0.030%, 7d avg +0.030%
Together, before fees+0.226%+ Points / potential airdropNado: Active · farm board+$23 on $10k · with fees, hour by hour
Funding pays, the price is against you. Nado is 0.060% cheaper against Bitget than usual: you would sell low and buy high (spread −0.030% now, against its 7-day average of +0.030%). If the spread goes back, that is −$6 on $10k: about 13 hours of funding at the current rate (+$11 a day). At the pace of the last 3 days (+0.014% in total) that is about 13 days.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.014% in total (about 1.6% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget DOGEUSDT0.1004−0.0260get 0.0260% / 8h1h 12m$153.4M$266.7M75x
ShortNado DOGE-PERP0.10030.0100get 0.0012% / 1h12m 41s$570K$862K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Nado 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

Funding earned
$75.6
Price spread: −0.030% → +0.030%
−$5.96
Slippage, 4 orders
−$12.13
Fee Bitget: 6 bp × 2 orders
−$12
Fee Nado: 3.5 bp × 2 orders
−$7
Net
$38.51
Costs to cover
0.311%
Break-even
3.4 days
Slippage from Bitget: live order book, 1 min ago; Nado: live order book, 6 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 Bitget live order book, 1 min ago0.50 bp7.4 bp −$711.2 bp −$11226.7 bp −$2,671doesn't fit
Sell Nado live order book, 6 min ago0.50 bp7.4 bp −$722.3 bp −$223doesn't fitdoesn'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 DOGEUSDTlong−0.0260%8h0.1004long leg$153.4M$266.7M75x
Kalshi KXDOGEPERP0.0000%8h0.1004+0.016%$415K$4.7M2.8xas long as short
Deribit DOGE_USDC-PERPETUAL0.0000%1h0.1003−0.038%$608K$109K25xas long as short
gTrade (Gains Network) DOGE/USDL +0.0001% / S −0.0001%1h0.1003−0.080%$32K150xas long as short
dYdX DOGE-USD+0.0035%1h0.1004+0.007%$225K$44K10xas long as short
Phoenix DOGE+0.0081%1h0.1005+0.129%$66K$222K10xas long as short
Gate DOGE_USDT+0.0095%8h0.1004+0.010%$241.9M$124.9M75xas long as short
Lighter DOGE+0.0096%1h0.1005+0.115%$791K$5.4M15xas long as short
Katana Perps DOGE-USD+0.0097%8h0.1003−0.060%$1K$371K10xas long as short
Nado DOGE-PERPshort+0.0100%1h0.1003−0.030%$570K$862K10x
Show all 44 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster DOGEUSDT+0.0100%8h0.1004+0.035%$5.0M$44.0M75xas long as short
Pacifica DOGE+0.0100%1h0.1004+0.016%$335K$509K20xas long as short
Binance DOGEUSDT+0.0100%8h0.1004+0.049%$319.6M$1.33B75xas long as short
Bybit DOGEUSDT+0.0100%8h0.10040.000%$159.1M$421.5M75xas long as short
OKX DOGE-USDT-SWAP+0.0100%8h0.1004+0.020%$109.4M$933.1M50xas long as short
Arcus DOGE-USD+0.0100%1h0.1003−0.030%$28K$76K10xas long as short
Bulk DOGE-USD+0.0100%1h0.1006+0.242%$386K$14K10xas long as short
MEXC DOGE_USDT+0.0100%8h0.1004+0.010%$111.6M$217.9M300xas long as short
KuCoin DOGEUSDTM+0.0100%8h0.1004+0.030%$66.1M$41.1M75xas long as short
BingX DOGE-USDC+0.0100%8h0.1004+0.010%$3.4Mas long as short
Variational Omni DOGE+0.0100%8h0.1004+0.042%$1.0M$8.1Mas long as short
edgeX DOGEUSDC+0.0100%4h0.1004+0.040%$275K$116.6M20xas long as short
GRVT DOGE_USDT_Perp+0.0100%8h0.1004+0.050%$632K$4.6M10xas long as short
ApeX Omni DOGEUSDT+0.0100%1h0.1005+0.120%$147K$245K25xas long as short
Polymarket Perps DOGE-USD+0.0100%1h0.1003−0.130%$267K$542K10xas long as short
Orderly PERP_DOGE_USDC+0.0100%8h0.1003−0.060%$73K$432K50xas long as short
Derive DOGE-PERP+0.0100%1h0.1003−0.066%$25K$1K10xas long as short
SunX DOGE-USDT+0.0100%8h0.1004−0.012%$35K$2.2M30xas long as short
SoDEX DOGE-USD+0.0100%1h0.1004−0.020%$2K$3.6M10xas long as short
HTX DOGE-USDT+0.0100%8h0.1003−0.094%$6.0M$50.6M75xas long as short
Phemex DOGEUSDT+0.0100%8h0.1004−0.010%$93.0M$19.2M50xas long as short
Paradex DOGE-USD-PERP+0.0100%8h0.1004+0.023%$18K$5K30xas long as short
Extended DOGE-USD+0.0104%1h0.10040.000%$554K$3.6M50xas long as short
Aevo DOGE-PERP+0.0104%1h0.1004−0.028%$19K3xas long as short
Reya DOGERUSDPERP+0.0177%1h0.1003−0.104%$2K20xas long as short
01 Exchange DOGEUSD+0.0184%1h0.1004−0.017%$530$4K10xas long as short
Coinbase International DOGE-PERP-INTX+0.0216%1h0.1004+0.020%$2.0M$23.7M50xas long as short
BloFin DOGE-USDT+0.0220%8h0.1004−0.020%$15.3M$25.0M75xas long as short
GMX DOGE/USD [ETH-USDC]L +0.0248% / S −0.0218%1h0.1003−0.085%$349K200xas long as short
Kraken Futures PF_DOGEUSD+0.0363%1h0.1004−0.029%$5.9M$32.8M50xas long as short
Backpack DOGE_USDC_PERP+0.0412%1h0.1005+0.100%$537K$956K15xas long as short
Hyperliquid DOGE+0.0485%1h0.1006+0.189%$114.6M$84.9M10xas long as short
RISEx DOGE/USDC+0.0702%1h0.1003−0.040%$314K$476K10xas long as short
Injective DOGE/USDC PERP+0.0966%1h0.1011+0.717%$5K$239K12xas long as short