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

DOGE

all DOGE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0904%/8h= +99.0% APRnext payment +$1.13 per $10,000 · paid last 24h +0.207%
Price spread now: Injective against Bulk+1.556%7-day average +0.170% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs+$51as in the Price arb table
costs, in and out, $10k−$880.877% of the position
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.735%+$73 on $10k
Price spread, last 4 days (all we have)−1.600%−$160 · spread now +1.556%, 7d avg +0.170%
Together, before fees−0.866%−$87 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$27 a day on $10k at the current rate, and Injective is 1.386% dearer against Bulk than usual: you sell high and buy low: +$139 more if the spread goes back to its 7-day average of +0.170%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBulk DOGE-USD0.099160.0100pay 0.0013% / 1h28m 36s$381K$85910x
ShortInjective DOGE/USDC PERP0.10070.1004get 0.0126% / 1h28m 36s$5K$239K12x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Injective against Bulk. 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
$189.89
Price spread: +1.556% → +0.170%
$138.6
Slippage, 4 orders
−$80.69
Fee Bulk: 3.5 bp × 2 orders
−$7
Fee Injective: 0.01 bp × 2 orders
−$0.02
Net
$240.78
Costs to cover
0.877%
Break-even
from the start
Slippage from Bulk: live order book, 30 min ago; Injective: live order book, 30 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 Bulk live order book, 30 min ago5.04 bp8.5 bp −$98.5 bp −$858.5 bp −$85420.1 bp −$10.0K
Sell Injective live order book, 30 min ago35.30 bp35.3 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−0.0045%8h0.1003+1.183%$151.6M$276.0M75xas long as short
Kraken Futures PF_DOGEUSD−0.0031%1h0.1004+1.289%$5.7M$35.6M50xas long as short
Kalshi KXDOGEPERP0.0000%8h0.1005+1.376%$396K$5.2M2.8xas long as short
gTrade (Gains Network) DOGE/USDL +0.0001% / S 0.0000%1h0.1004+1.283%$24K150xas long as short
dYdX DOGE-USD+0.0019%1h0.1003+1.188%$225K$49K10xas long as short
Lighter DOGE+0.0096%1h0.1003+1.148%$735K$6.3M15xas long as short
Katana Perps DOGE-USD+0.0097%8h0.1003+1.173%$1K$451K10xas long as short
Nado DOGE-PERP+0.0100%1h0.1004+1.253%$528K$1.0M10xas long as short
Aster DOGEUSDT+0.0100%8h0.1003+1.188%$4.7M$49.3M75xas long as short
Pacifica DOGE+0.0100%1h0.1003+1.148%$326K$483K20xas long as short
Show all 44 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance DOGEUSDT+0.0100%8h0.1004+1.231%$324.2M$1.46B75xas long as short
Bybit DOGEUSDT+0.0100%8h0.1003+1.193%$163.1M$445.7M75xas long as short
OKX DOGE-USDT-SWAP+0.0100%8h0.1004+1.233%$113.2M$1.01B50xas long as short
Bulk DOGE-USDlong+0.0100%1h0.09916long leg$381K$85910x
Gate DOGE_USDT+0.0100%8h0.1003+1.132%$247.6M$134.3M75xas long as short
MEXC DOGE_USDT+0.0100%8h0.1004+1.233%$112.3M$235.2M300xas long as short
KuCoin DOGEUSDTM+0.0100%8h0.1004+1.213%$66.3M$43.6M75xas long as short
BingX DOGE-USDC+0.0100%8h0.1003+1.122%$3.5Mas long as short
Backpack DOGE_USDC_PERP+0.0100%1h0.1003+1.183%$321K$1.2M15xas long as short
Variational Omni DOGE+0.0100%8h0.1004+1.271%$1.0M$8.2Mas long as short
edgeX DOGEUSDC+0.0100%4h0.1004+1.261%$298K$130.2M20xas long as short
GRVT DOGE_USDT_Perp+0.0100%8h0.1005+1.324%$631K$4.4M10xas long as short
ApeX Omni DOGEUSDT+0.0100%1h0.09970+0.547%$145K$285K25xas long as short
Polymarket Perps DOGE-USD+0.0100%1h0.1003+1.152%$261K$856K10xas long as short
Orderly PERP_DOGE_USDC+0.0100%8h0.1005+1.314%$70K$436K50xas long as short
Derive DOGE-PERP+0.0100%1h0.1004+1.279%$25K$1K10xas long as short
SunX DOGE-USDT+0.0100%8h0.1005+1.355%$36K$2.2M30xas long as short
SoDEX DOGE-USD+0.0100%1h0.1004+1.294%$2K$4.0M10xas long as short
HTX DOGE-USDT+0.0100%8h0.1004+1.218%$6.0M$57.9M75xas long as short
Phemex DOGEUSDT+0.0100%8h0.1004+1.253%$92.3M$17.0M50xas long as short
Paradex DOGE-USD-PERP+0.0101%8h0.1004+1.204%$18K$7K30xas long as short
Extended DOGE-USD+0.0104%1h0.1003+1.137%$499K$4.1M50xas long as short
Aevo DOGE-PERP+0.0104%1h0.1004+1.294%$19K3xas long as short
Deribit DOGE_USDC-PERPETUAL+0.0148%1h0.1005+1.316%$600K$118K25xas long as short
Reya DOGERUSDPERP+0.0189%1h0.1004+1.246%$2K20xas long as short
01 Exchange DOGEUSD+0.0200%1h0.1004+1.231%$535$4K10xas long as short
BloFin DOGE-USDT+0.0220%8h0.1005+1.314%$15.7M$25.5M75xas long as short
Phoenix DOGE+0.0242%1h0.1004+1.226%$65K$288K10xas long as short
GMX DOGE/USD [ETH-USDC]L +0.0247% / S −0.0269%1h0.1004+1.276%$314K200xas long as short
Hyperliquid DOGE+0.0284%1h0.1003+1.162%$122.0M$101.0M10xas long as short
Coinbase International DOGE-PERP-INTX+0.0296%1h0.1006+1.465%$2.4M$27.3M50xas long as short
Arcus DOGE-USD+0.0690%1h0.1004+1.304%$110K$199K10xas long as short
RISEx DOGE/USDC+0.0695%1h0.1004+1.272%$406K$414K10xas long as short
Injective DOGE/USDC PERPshort+0.1004%1h0.1007+1.556%$5K$239K12x