Funding arb · Price arb /

DOGE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Nado against Bybit−0.252%7-day average +0.004% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$56as in the Price arb table

costs, in and out, $10k−$310.306% of the position

Long on Bybit Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.010%+$1 on $10k

Price spread, last 4 days (all we have)+0.474%+$47 · spread now −0.252%, 7d avg +0.004%

Together, before fees+0.484%+ Points / potential airdropNado: Active · farm board+$48 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Nado is 0.256% cheaper against Bybit than usual: you would sell low and buy high, −$26 on $10k if it goes back to its 7-day average of +0.004%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit DOGEUSDT	0.1031	0.0100	pay 0.0100% / 8h	3h 57m	$171.7M	$460.4M	75x
Short	Nado DOGE-PERP	0.1028	0.0100	get 0.0012% / 1h	57m 03s	$544K	$1.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Bybit. 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 BybitbpFee NadobpOrdersPrice spread, now −0.252%Rate

Funding earned: $0
Price spread: −0.252% → +0.004%: −$25.64
Slippage, 4 orders: −$12.6
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$56.24
Costs to cover: 0.306%
Break-even: never at this rate

Slippage from Bybit: live order book, 2 min ago; Nado: live order book, 1 min ago.

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 Bybit live order book, 2 min ago	0.49 bp	6.3 bp −$6	10.6 bp −$106	25.8 bp −$2,576	50.7 bp −$25.3K
Sell Nado live order book, 1 min ago	0.98 bp	9.9 bp −$10	30.7 bp −$307	doesn't fit	doesn't fit

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 DOGEUSDT	−0.0019%	8h	0.1030	−0.097%	$154.8M	$281.8M	75x	as long as short
dYdX DOGE-USD	0.0000%	1h	0.1027	−0.406%	$230K	$48K	10x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S 0.0000%	1h	0.1028	−0.276%	$24K	—	150x	as long as short
Lighter DOGE	+0.0096%	1h	0.1030	−0.103%	$763K	$6.2M	15x	as long as short
Katana Perps DOGE-USD	+0.0100%	8h	0.1027	−0.330%	$1K	$475K	10x	as long as short
Nado DOGE-PERPshort	+0.0100%	1h	0.1028	−0.252%	$544K	$1.0M	10x
Aster DOGEUSDT	+0.0100%	8h	0.1029	−0.127%	$4.8M	$51.3M	75x	as long as short
Pacifica DOGE	+0.0100%	1h	0.1027	−0.377%	$338K	$491K	20x	as long as short
Binance DOGEUSDT	+0.0100%	8h	0.1030	−0.037%	$340.2M	$1.51B	75x	as long as short
Bybit DOGEUSDTlong	+0.0100%	8h	0.1031	long leg	$171.7M	$460.4M	75x

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.1031	−0.029%	$117.9M	$1.08B	50x	as long as short
Bulk DOGE-USD	+0.0100%	1h	0.1005	−2.523%	$386K	$859	10x	as long as short
Gate DOGE_USDT	+0.0100%	8h	0.1029	−0.165%	$254.4M	$135.9M	75x	as long as short
MEXC DOGE_USDT	+0.0100%	8h	0.1030	−0.058%	$115.6M	$236.9M	300x	as long as short
KuCoin DOGEUSDTM	+0.0100%	8h	0.1030	−0.078%	$68.6M	$44.8M	75x	as long as short
BingX DOGE-USDC	+0.0100%	8h	0.1029	−0.213%	—	$3.5M	—	as long as short
Backpack DOGE_USDC_PERP	+0.0100%	1h	0.1029	−0.184%	$324K	$1.2M	15x	as long as short
Variational Omni DOGE	+0.0100%	8h	0.1019	−1.177%	$1.1M	$8.2M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.1020	−1.008%	$313K	$132.6M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.1019	−1.110%	$646K	$4.5M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.1021	−0.951%	$149K	$293K	25x	as long as short
Polymarket Perps DOGE-USD	+0.0100%	1h	0.1027	−0.320%	$265K	$881K	10x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.1028	−0.223%	$72K	$440K	50x	as long as short
Derive DOGE-PERP	+0.0100%	1h	0.1028	−0.282%	$25K	$1K	10x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.1029	−0.139%	$37K	$2.2M	30x	as long as short
SoDEX DOGE-USD	+0.0100%	1h	0.1029	−0.165%	$2K	$4.2M	10x	as long as short
HTX DOGE-USDT	+0.0100%	8h	0.1029	−0.153%	$6.2M	$60.4M	75x	as long as short
Phemex DOGEUSDT	+0.0100%	8h	0.1029	−0.165%	$94.6M	$17.0M	50x	as long as short
Paradex DOGE-USD-PERP	+0.0101%	8h	0.1028	−0.283%	$18K	$7K	30x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.1030	−0.090%	$501K	$4.1M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.1028	−0.240%	$20K	—	3x	as long as short
Kalshi KXDOGEPERP	+0.0164%	8h	0.1027	−0.339%	$518K	$5.6M	2.8x	as long as short
Reya DOGERUSDPERP	+0.0191%	1h	0.1028	−0.303%	$2K	—	20x	as long as short
01 Exchange DOGEUSD	+0.0208%	1h	0.1028	−0.246%	$548	$4K	10x	as long as short
BloFin DOGE-USDT	+0.0220%	8h	0.1029	−0.194%	$16.3M	$26.4M	75x	as long as short
Phoenix DOGE	+0.0242%	1h	0.1022	−0.832%	$66K	$292K	10x	as long as short
Kraken Futures PF_DOGEUSD	+0.0244%	1h	0.1029	−0.138%	$5.8M	$36.1M	50x	as long as short
Deribit DOGE_USDC-PERPETUAL	+0.0246%	1h	0.1028	−0.243%	$615K	$119K	25x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0258% / S −0.0292%	1h	0.1028	−0.276%	$338K	—	200x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0304%	1h	0.1029	−0.155%	$2.1M	$29.3M	50x	as long as short
Hyperliquid DOGE	+0.0538%	1h	0.1030	−0.049%	$126.2M	$103.5M	10x	as long as short
Arcus DOGE-USD	+0.0634%	1h	0.1029	−0.146%	$112K	$199K	10x	as long as short
RISEx DOGE/USDC	+0.0728%	1h	0.1029	−0.201%	$417K	$421K	10x	as long as short
Injective DOGE/USDC PERP	+0.1062%	1h	0.1030	−0.078%	$6K	$239K	12x	as long as short