Funding arb · Price arb /

DOGE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0082%/8h= +9.0% APRpaid last 24h +0.015%

Price spread now: Reya against Bybit−0.011%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Bybit Short on Reya

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropReya: Active · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit DOGEUSDT	0.1011	0.0100	pay 0.0100% / 8h	7h 10m	$161.2M	$438.9M	75x
Short	Reya DOGERUSDPERP	0.1011	0.0182	get 0.0023% / 1h	10m 32s	$2K	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya 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 ReyabpOrdersPrice spread, now −0.011%Rate

Funding earned: $17.28
Price spread: −0.011% → 0.000%: −$1.14
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Reya: 3 bp × 2 orders: −$6
Net: −$0.85
Costs to cover: 0.170%
Break-even: 7.3 days

Slippage unknown: Bybit: live order book, 4 min ago; Reya: no order-book sample. Net counts fees only.

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, 4 min ago	0.49 bp	7.4 bp −$7	10.1 bp −$101	21.6 bp −$2,160	45.7 bp −$22.9K
Sell Reya no order-book sample	—	—	—	—	—

Reya: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0168%	8h	0.1011	−0.079%	$153.5M	$271.4M	75x	as long as short
Kraken Futures PF_DOGEUSD	−0.0077%	1h	0.1009	−0.253%	$6.1M	$33.9M	50x	as long as short
Kalshi KXDOGEPERP	0.0000%	8h	0.1010	−0.138%	$416K	$4.9M	2.8x	as long as short
Deribit DOGE_USDC-PERPETUAL	0.0000%	1h	0.1009	−0.208%	$607K	$119K	25x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S 0.0000%	1h	0.1009	−0.239%	$23K	—	150x	as long as short
dYdX DOGE-USD	+0.0011%	1h	0.1013	+0.113%	$227K	$44K	10x	as long as short
Lighter DOGE	+0.0096%	1h	0.1013	+0.181%	$800K	$5.9M	15x	as long as short
Katana Perps DOGE-USD	+0.0100%	8h	0.1012	+0.010%	$845	$421K	10x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.1012	+0.040%	$519K	$972K	10x	as long as short
Aster DOGEUSDT	+0.0100%	8h	0.1012	+0.023%	$5.1M	$46.6M	75x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica DOGE	+0.0100%	1h	0.1012	+0.101%	$337K	$511K	20x	as long as short
Binance DOGEUSDT	+0.0100%	8h	0.1012	+0.059%	$321.9M	$1.40B	75x	as long as short
Bybit DOGEUSDTlong	+0.0100%	8h	0.1011	long leg	$161.2M	$438.9M	75x
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.1011	0.000%	$111.7M	$975.6M	50x	as long as short
Arcus DOGE-USD	+0.0100%	1h	0.1012	+0.089%	$28K	$74K	10x	as long as short
Bulk DOGE-USD	+0.0100%	1h	0.1003	−0.812%	$384K	$5K	10x	as long as short
Gate DOGE_USDT	+0.0100%	8h	0.1011	−0.010%	$246.0M	$131.2M	75x	as long as short
MEXC DOGE_USDT	+0.0100%	8h	0.1011	−0.010%	$113.4M	$226.1M	300x	as long as short
KuCoin DOGEUSDTM	+0.0100%	8h	0.1012	+0.049%	$66.3M	$42.4M	75x	as long as short
BingX DOGE-USDC	+0.0100%	8h	0.1011	−0.030%	—	$3.4M	—	as long as short
Backpack DOGE_USDC_PERP	+0.0100%	1h	0.1009	−0.188%	$366K	$1.1M	15x	as long as short
Variational Omni DOGE	+0.0100%	8h	0.1009	−0.249%	$996K	$8.1M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.1014	+0.243%	$271K	$125.1M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.1012	+0.030%	$644K	$4.5M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.1015	+0.356%	$149K	$270K	25x	as long as short
Polymarket Perps DOGE-USD	+0.0100%	1h	0.1011	−0.040%	$268K	$633K	10x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.1009	−0.237%	$74K	$426K	50x	as long as short
Derive DOGE-PERP	+0.0100%	1h	0.1009	−0.279%	$25K	$1K	10x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.1009	−0.212%	$35K	$2.2M	30x	as long as short
SoDEX DOGE-USD	+0.0100%	1h	0.1009	−0.247%	$2K	$3.8M	10x	as long as short
HTX DOGE-USDT	+0.0100%	8h	0.1009	−0.210%	$6.0M	$52.8M	75x	as long as short
Phemex DOGEUSDT	+0.0100%	8h	0.1009	−0.208%	$93.1M	$17.9M	50x	as long as short
Paradex DOGE-USD-PERP	+0.0100%	8h	0.1012	+0.045%	$18K	$5K	30x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.1011	−0.008%	$534K	$3.9M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.1009	−0.233%	$19K	—	3x	as long as short
01 Exchange DOGEUSD	+0.0176%	1h	0.1013	+0.110%	$535	$4K	10x	as long as short
Reya DOGERUSDPERPshort	+0.0182%	1h	0.1011	−0.011%	$2K	—	20x
BloFin DOGE-USDT	+0.0220%	8h	0.1009	−0.198%	$15.4M	$25.7M	75x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0240%	1h	0.1009	−0.188%	$2.0M	$25.2M	50x	as long as short
Phoenix DOGE	+0.0240%	1h	0.1010	−0.126%	$66K	$283K	10x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0247% / S −0.0271%	1h	0.1009	−0.267%	$318K	—	200x	as long as short
RISEx DOGE/USDC	+0.0701%	1h	0.1012	+0.093%	$327K	$404K	10x	as long as short
Hyperliquid DOGE	+0.0779%	1h	0.1013	+0.138%	$123.5M	$95.7M	10x	as long as short
Injective DOGE/USDC PERP	+0.0973%	1h	0.1013	+0.158%	$5K	$239K	12x	as long as short