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−0.0140%/8h= −15.3% APRnext payment $0.18 per $10,000 · paid last 24h −0.019%
Price spread now: Pacifica against Coinbase International−0.056%7-day average −0.013% · you buy dearer than you sell
Net, funding: paid 7d − costs−$27as in the Funding arb table
Net, price: spread back to 7d avg − costs−$42as in the Price arb table
costs, in and out, $10k−$370.374% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.105%+$10 on $10k
Price spread, last 3 days (all we have)+0.058%+$6 · spread now −0.056%, 7d avg −0.013%
Together, before fees+0.162%+ Points / potential airdropPacifica: Active · farm board+$16 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Pacifica is 0.043% cheaper against Coinbase International than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.013%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.105%, so the current rate has only just turned against you.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongCoinbase International DOGE-PERP-INTX0.099180.0240pay 0.0030% / 1h8m 57s$2.0M$24.1M50x
ShortPacifica DOGE0.099120.0100get 0.0013% / 1h8m 57s$330K$511K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Pacifica against Coinbase International. 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
−$29.4
Price spread: −0.056% → −0.013%
−$4.33
Slippage, 4 orders
−$19.4
Fee Coinbase International: 5 bp × 2 orders
−$10
Fee Pacifica: 4 bp × 2 orders
−$8
Net
−$71.12
Costs to cover
0.374%
Break-even
never at this rate
Slippage from Coinbase International: live order book, 5 min ago; Pacifica: live order book, 5 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 Coinbase International live order book, 5 min ago2.01 bp12.0 bp −$1216.9 bp −$16943.6 bp −$4,357doesn't fit
Sell Pacifica live order book, 5 min ago2.52 bp9.6 bp −$1016.4 bp −$164doesn'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−0.0220%8h0.09914−0.040%$151.4M$270.3M75xas long as short
Kalshi KXDOGEPERP0.0000%8h0.09925+0.075%$395K$4.8M2.8xas long as short
Deribit DOGE_USDC-PERPETUAL0.0000%1h0.09917−0.008%$596K$121K25xas long as short
gTrade (Gains Network) DOGE/USDL +0.0001% / S 0.0000%1h0.09917−0.009%$24K150xas long as short
dYdX DOGE-USD+0.0058%1h0.09912−0.064%$223K$44K10xas long as short
Gate DOGE_USDT+0.0071%8h0.09910−0.081%$241.2M$128.8M75xas long as short
Lighter DOGE+0.0096%1h0.09914−0.038%$782K$5.6M15xas long as short
Katana Perps DOGE-USD+0.0098%8h0.09901−0.171%$2K$391K10xas long as short
Nado DOGE-PERP+0.0100%1h0.09914−0.035%$508K$976K10xas long as short
Aster DOGEUSDT+0.0100%8h0.09912−0.058%$4.8M$45.9M75xas long as short
Show all 44 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica DOGEshort+0.0100%1h0.09912−0.056%$330K$511K20x
Binance DOGEUSDT+0.0100%8h0.09916−0.020%$314.5M$1.38B75xas long as short
Bybit DOGEUSDT+0.0100%8h0.099180.000%$155.9M$434.3M75xas long as short
OKX DOGE-USDT-SWAP+0.0100%8h0.09923+0.050%$108.9M$948.7M50xas long as short
Arcus DOGE-USD+0.0100%1h0.09912−0.060%$28K$82K10xas long as short
MEXC DOGE_USDT+0.0100%8h0.09914−0.040%$111.2M$222.8M300xas long as short
KuCoin DOGEUSDTM+0.0100%8h0.09914−0.040%$65.4M$42.1M75xas long as short
BingX DOGE-USDC+0.0100%8h0.09910−0.081%$3.4Mas long as short
Variational Omni DOGE+0.0100%8h0.09894−0.241%$1.0M$8.1Mas long as short
edgeX DOGEUSDC+0.0100%4h0.09919+0.008%$256K$120.2M20xas long as short
GRVT DOGE_USDT_Perp+0.0100%8h0.09899−0.195%$633K$4.6M10xas long as short
ApeX Omni DOGEUSDT+0.0100%1h0.09920+0.020%$146K$251K25xas long as short
Polymarket Perps DOGE-USD+0.0100%1h0.09913−0.048%$255K$556K10xas long as short
Orderly PERP_DOGE_USDC+0.0100%8h0.09917−0.010%$72K$446K50xas long as short
Derive DOGE-PERP+0.0100%1h0.09916−0.024%$24K$1K10xas long as short
SunX DOGE-USDT+0.0100%8h0.09914−0.036%$35K$2.2M30xas long as short
SoDEX DOGE-USD+0.0100%1h0.09912−0.060%$2K$3.6M10xas long as short
HTX DOGE-USDT+0.0100%8h0.09923+0.050%$5.9M$52.0M75xas long as short
Phemex DOGEUSDT+0.0100%8h0.09911−0.071%$91.6M$19.2M50xas long as short
Bulk DOGE-USD+0.0100%1h0.09909−0.091%$380K$12K10xas long as short
Paradex DOGE-USD-PERP+0.0100%8h0.09907−0.110%$18K$5K30xas long as short
Extended DOGE-USD+0.0104%1h0.09919+0.006%$520K$3.7M50xas long as short
Aevo DOGE-PERP+0.0104%1h0.09918+0.004%$19K3xas long as short
Kraken Futures PF_DOGEUSD+0.0106%1h0.09911−0.073%$5.9M$33.6M50xas long as short
Reya DOGERUSDPERP+0.0180%1h0.09920+0.025%$2K20xas long as short
BloFin DOGE-USDT+0.0220%8h0.09912−0.060%$15.2M$25.1M75xas long as short
01 Exchange DOGEUSD+0.0224%1h0.09912−0.062%$523$4K10xas long as short
Phoenix DOGE+0.0239%1h0.09920+0.018%$66K$281K10xas long as short
Coinbase International DOGE-PERP-INTXlong+0.0240%1h0.09918long leg$2.0M$24.1M50x
GMX DOGE/USD [ETH-USDC]L +0.0243% / S −0.0262%1h0.09916−0.016%$304K200xas long as short
Backpack DOGE_USDC_PERP+0.0322%1h0.099180.000%$387K$1.1M15xas long as short
RISEx DOGE/USDC+0.0708%1h0.09913−0.050%$314K$477K10xas long as short
Hyperliquid DOGE+0.0831%1h0.09927+0.086%$116.0M$90.2M10xas long as short
Injective DOGE/USDC PERP+0.1039%1h0.09940+0.222%$5K$239K12xas long as short