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

DOGE

all DOGE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0379%/8h= +41.5% APRnext payment +$3.79 per $10,000 · paid last 24h 0.000%
Price spread now: SunX against Bitget+0.176%7-day average +0.062% · you sell dearer than you buy
Net, funding: paid 7d − costs−$57as in the Funding arb table
Net, price: spread back to 7d avg − costs−$53as in the Price arb table
costs, in and out, $10k−$640.641% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.073%+$7 on $10k
Price spread, last 3 days (all we have)−0.119%−$12 · spread now +0.176%, 7d avg +0.062%
Together, before fees−0.046%−$5 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and SunX is 0.114% dearer against Bitget than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of +0.062%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.073% in total (about 3.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.79 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
LongBitget DOGEUSDT0.09886−0.0279get 0.0279% / 8h2h 45m$151.8M$259.2M75x
ShortSunX DOGE-USDT0.099030.0100get 0.0100% / 8h2h 45m$35K$2.1M30x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX 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
$79.59
Price spread: +0.176% → +0.062%
$11.37
Slippage, 4 orders
−$44.1
Fee Bitget: 6 bp × 2 orders
−$12
Fee SunX: 4 bp × 2 orders
−$8
Net
$26.86
Costs to cover
0.641%
Break-even
4.6 days
Slippage from Bitget: live order book, 3 min ago; SunX: live order book, just now.

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, 3 min ago0.51 bp7.6 bp −$810.0 bp −$10024.5 bp −$2,450doesn't fit
Sell SunX live order book, just now17.88 bp25.1 bp −$2534.6 bp −$346doesn'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−0.0279%8h0.09886long leg$151.8M$259.2M75x
Kalshi KXDOGEPERP0.0000%8h0.09897+0.111%$349K$4.2M2.8xas long as short
Deribit DOGE_USDC-PERPETUAL0.0000%1h0.09902+0.162%$619K$88K25xas long as short
gTrade (Gains Network) DOGE/USDL +0.0001% / S −0.0001%1h0.09899+0.130%$31K150xas long as short
dYdX DOGE-USD+0.0042%1h0.09896+0.097%$222K$44K10xas long as short
Gate DOGE_USDT+0.0065%8h0.09894+0.081%$235.2M$118.4M75xas long as short
Phoenix DOGE+0.0080%1h0.09885−0.005%$15K$225K10xas long as short
Katana Perps DOGE-USD+0.0095%8h0.09893+0.071%$2K$334K10xas long as short
Lighter DOGE+0.0096%1h0.09902+0.160%$797K$5.0M15xas long as short
Nado DOGE-PERP+0.0100%1h0.09896+0.096%$628K$695K10xas long as short
Show all 44 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster DOGEUSDT+0.0100%8h0.09898+0.121%$4.9M$40.2M75xas long as short
Pacifica DOGE+0.0100%1h0.09899+0.128%$337K$503K20xas long as short
Binance DOGEUSDT+0.0100%8h0.09897+0.112%$317.1M$1.25B75xas long as short
Bybit DOGEUSDT+0.0100%8h0.09893+0.071%$154.1M$393.7M75xas long as short
OKX DOGE-USDT-SWAP+0.0100%8h0.09897+0.111%$107.6M$883.4M50xas long as short
Arcus DOGE-USD+0.0100%1h0.09900+0.142%$28K$75K10xas long as short
Bulk DOGE-USD+0.0100%1h0.09895+0.091%$379K$19K10xas long as short
MEXC DOGE_USDT+0.0100%8h0.09895+0.091%$120.8M$211.9M300xas long as short
KuCoin DOGEUSDTM+0.0100%8h0.09896+0.101%$65.1M$38.9M75xas long as short
BingX DOGE-USDT+0.0100%8h0.09894+0.081%$73.2Mas long as short
Variational Omni DOGE+0.0100%8h0.09879−0.075%$1.1M$7.6Mas long as short
edgeX DOGEUSDC+0.0100%4h0.09886−0.004%$263K$110.6M20xas long as short
GRVT DOGE_USDT_Perp+0.0100%8h0.09884−0.016%$622K$4.7M10xas long as short
ApeX Omni DOGEUSDT+0.0100%1h0.09880−0.061%$141K$222K25xas long as short
Polymarket Perps DOGE-USD+0.0100%1h0.09895+0.087%$274K$545K10xas long as short
Orderly PERP_DOGE_USDC+0.0100%8h0.09903+0.172%$72K$362K50xas long as short
Derive DOGE-PERP+0.0100%1h0.09899+0.129%$24K$1K10xas long as short
SunX DOGE-USDTshort+0.0100%8h0.09903+0.176%$35K$2.1M30x
SoDEX DOGE-USD+0.0100%1h0.09899+0.131%$2K$3.3M10xas long as short
HTX DOGE-USDT+0.0100%8h0.09897+0.108%$6.0M$46.2M75xas long as short
Phemex DOGEUSDT+0.0100%8h0.09901+0.152%$91.9M$18.9M50xas long as short
Paradex DOGE-USD-PERP+0.0100%8h0.09897+0.109%$19K$3K30xas long as short
Extended DOGE-USD+0.0104%1h0.09894+0.076%$544K$3.5M50xas long as short
Aevo DOGE-PERP+0.0104%1h0.09902+0.162%$19K3xas long as short
Backpack DOGE_USDC_PERP+0.0113%1h0.09900+0.142%$524K$855K15xas long as short
Reya DOGERUSDPERP+0.0173%1h0.09898+0.117%$2K20xas long as short
BloFin DOGE-USDT+0.0220%8h0.09888+0.020%$15.3M$23.6M75xas long as short
Coinbase International DOGE-PERP-INTX+0.0224%1h0.09905+0.192%$2.0M$22.1M50xas long as short
GMX DOGE/USD [ETH-USDC]L +0.0243% / S −0.0263%1h0.09898+0.122%$305K200xas long as short
Kraken Futures PF_DOGEUSD+0.0289%1h0.09902+0.165%$6.8M$30.3M50xas long as short
01 Exchange DOGEUSD+0.0304%1h0.09899+0.136%$523$4K10xas long as short
Hyperliquid DOGE+0.0508%1h0.09907+0.212%$110.6M$77.6M10xas long as short
RISEx DOGE/USDC+0.0536%1h0.09903+0.167%$312K$469K10xas long as short
Injective DOGE/USDC PERP+0.1013%1h0.09910+0.243%$5K$153K12xas long as short