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+0.0746%/8h= +81.7% APRpaid last 24h +0.165%
Price spread now: Injective against BloFin+0.349%114s7-day average +0.175% · you sell dearer than you buy
Net, funding: paid 7d − costs+$47as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$840.837% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+1.302%+$130 on $10k
Price spread, last 3 days (all we have)−0.413%−$41 · spread now +0.349%, 7d avg +0.175%
Together, before fees+0.889%+$89 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$22 a day on $10k at the current rate, and Injective is 0.174% dearer against BloFin than usual: you sell high and buy low: +$17 more if the spread goes back to its 7-day average of +0.175%. The two prices were read 114 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin DOGE-USDT0.10030.0220pay 0.0220% / 8h1h 09m$15.3M$25.0M75x
ShortInjective DOGE/USDC PERP0.10060.0966get 0.0121% / 1h9m 24s$5K$239K12x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Injective against BloFin. 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
$156.65
Price spread: +0.349% → +0.175%
$17.43
Slippage, 4 orders
−$71.68
Fee BloFin: 6 bp × 2 orders
−$12
Fee Injective: 0.01 bp × 2 orders
−$0.02
Net
$90.39
Costs to cover
0.837%
Break-even
3.0 days
Slippage from BloFin: live order book, 5 min ago; Injective: live order book, 10 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 BloFin live order book, 5 min ago1.00 bp7.0 bp −$710.0 bp −$10020.6 bp −$2,06543.0 bp −$21.5K
Sell Injective live order book, 10 min ago34.84 bp34.9 bp −$35doesn't fitdoesn'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 DOGEUSDT−0.0258%8h0.1003+0.030%$153.2M$266.8M75xas long as short
Kalshi KXDOGEPERP0.0000%8h0.1002−0.060%$415K$4.7M2.8xas long as short
gTrade (Gains Network) DOGE/USDL +0.0001% / S −0.0001%1h0.1003+0.040%$32K150xas long as short
dYdX DOGE-USD+0.0037%1h0.1002−0.034%$225K$44K10xas long as short
Deribit DOGE_USDC-PERPETUAL+0.0049%1h0.1003+0.094%$608K$109K25xas long as short
Phoenix DOGE+0.0081%1h0.1002−0.021%$66K$222K10xas long as short
Lighter DOGE+0.0096%1h0.1003+0.073%$790K$5.4M15xas long as short
Katana Perps DOGE-USD+0.0097%8h0.1003+0.070%$838$371K10xas long as short
Gate DOGE_USDT+0.0099%8h0.1003+0.010%$241.5M$125.1M75xas long as short
Nado DOGE-PERP+0.0100%1h0.1003+0.010%$571K$863K10xas long as short
Show all 44 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster DOGEUSDT+0.0100%8h0.1003+0.080%$4.9M$44.1M75xas long as short
Pacifica DOGE+0.0100%1h0.1003+0.036%$334K$504K20xas long as short
Binance DOGEUSDT+0.0100%8h0.1003+0.060%$318.9M$1.33B75xas long as short
Bybit DOGEUSDT+0.0100%8h0.1003+0.040%$158.9M$421.6M75xas long as short
OKX DOGE-USDT-SWAP+0.0100%8h0.1003+0.080%$109.1M$933.1M50xas long as short
Arcus DOGE-USD+0.0100%1h0.1003+0.100%$28K$76K10xas long as short
Bulk DOGE-USD+0.0100%1h0.1003+0.032%$384K$12K10xas long as short
MEXC DOGE_USDT+0.0100%8h0.1003+0.070%$111.9M$218.1M300xas long as short
KuCoin DOGEUSDTM+0.0100%8h0.1003+0.100%$66.1M$41.1M75xas long as short
BingX DOGE-USDT+0.0100%8h0.1003+0.050%$74.7Mas long as short
Variational Omni DOGE+0.0100%8h0.1002−0.038%$1.0M$8.1Mas long as short
edgeX DOGEUSDC+0.0100%4h0.1003+0.052%$277K$116.5M20xas long as short
GRVT DOGE_USDT_Perp+0.0100%8h0.1003+0.090%$633K$4.5M10xas long as short
ApeX Omni DOGEUSDT+0.0100%1h0.1003+0.050%$147K$245K25xas long as short
Polymarket Perps DOGE-USD+0.0100%1h0.1003+0.050%$267K$541K10xas 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+0.058%$25K$1K10xas long as short
SunX DOGE-USDT+0.0100%8h0.1001−0.172%$35K$2.2M30xas long as short
SoDEX DOGE-USD+0.0100%1h0.1004+0.130%$2K$3.6M10xas long as short
HTX DOGE-USDT+0.0100%8h0.1001−0.143%$6.0M$50.6M75xas long as short
Phemex DOGEUSDT+0.0100%8h0.1001−0.110%$92.7M$19.2M50xas long as short
Paradex DOGE-USD-PERP+0.0100%8h0.1003+0.019%$18K$5K30xas long as short
Extended DOGE-USD+0.0104%1h0.1002−0.006%$554K$3.6M50xas long as short
Aevo DOGE-PERP+0.0104%1h0.1003+0.084%$19K3xas long as short
Reya DOGERUSDPERP+0.0177%1h0.1003+0.080%$2K20xas long as short
01 Exchange DOGEUSD+0.0192%1h0.1004+0.157%$530$4K10xas long as short
Coinbase International DOGE-PERP-INTX+0.0216%1h0.1002−0.100%$2.0M$23.6M50xas long as short
BloFin DOGE-USDTlong+0.0220%8h0.1003long leg$15.3M$25.0M75x
GMX DOGE/USD [ETH-USDC]L +0.0248% / S −0.0216%1h0.1003+0.031%$351K200xas long as short
Kraken Futures PF_DOGEUSD+0.0364%1h0.1001−0.104%$5.9M$32.8M50xas long as short
Backpack DOGE_USDC_PERP+0.0401%1h0.1002−0.040%$535K$957K15xas long as short
Hyperliquid DOGE+0.0500%1h0.1005+0.239%$114.6M$84.9M10xas long as short
RISEx DOGE/USDC+0.0702%1h0.1004+0.111%$314K$476K10xas long as short
Injective DOGE/USDC PERPshort+0.0966%1h0.1006+0.349%$5K$239K12x