Funding arb · Price arb /

DOGE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.033%

Price spread now: Aster against Deribit+0.058%7-day average −0.012% · you sell dearer than you buy

Net, funding: paid 7d − costs−$10as in the Funding arb table

Net, price: spread back to 7d avg − costs−$19as in the Price arb table

costs, in and out, $10k−$260.256% of the position

Long on Deribit Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.153%+$15 on $10k

Price spread, last 3 days (all we have)−0.063%−$6 · spread now +0.058%, 7d avg −0.012%

Together, before fees+0.091%+ Points / potential airdropAster: Stage 5 · farm board+$9 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Aster is 0.069% dearer against Deribit than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.012%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit DOGE_USDC-PERPETUAL	0.1005	0	get 0.0000% / 1h	23m 07s	$608K	$109K	25x
Short	Aster DOGEUSDT	0.1006	0.0100	get 0.0100% / 8h	1h 23m	$5.0M	$43.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Deribit. 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 DeribitbpFee AsterbpOrdersPrice spread, now +0.058%Rate

Funding earned: $21
Price spread: +0.058% → −0.012%: $6.94
Slippage, 4 orders: −$10.62
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Aster: 4 bp × 2 orders: −$8
Net: $2.31
Costs to cover: 0.256%
Break-even: 6.2 days

Slippage from Deribit: live order book, 61 min ago; Aster: live order book, 6 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 Deribit live order book, 61 min ago	3.01 bp	8.5 bp −$9	doesn't fit	doesn't fit	doesn't fit
Sell Aster live order book, 6 min ago	1.00 bp	5.0 bp −$5	5.4 bp −$54	10.6 bp −$1,064	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	−0.0264%	8h	0.1005	−0.022%	$153.4M	$266.2M	75x	as long as short
Kalshi KXDOGEPERP	0.0000%	8h	0.1006	+0.082%	$419K	$4.7M	2.8x	as long as short
Deribit DOGE_USDC-PERPETUALlong	0.0000%	1h	0.1005	long leg	$608K	$109K	25x
gTrade (Gains Network) DOGE/USD	L +0.0001% / S −0.0001%	1h	0.1005	+0.003%	$32K	—	150x	as long as short
dYdX DOGE-USD	+0.0007%	1h	0.1005	+0.029%	$226K	$44K	10x	as long as short
Phoenix DOGE	+0.0081%	1h	0.1007	+0.195%	$66K	$222K	10x	as long as short
Gate DOGE_USDT	+0.0092%	8h	0.1005	−0.002%	$242.1M	$124.2M	75x	as long as short
Lighter DOGE	+0.0096%	1h	0.1006	+0.073%	$792K	$5.4M	15x	as long as short
Katana Perps DOGE-USD	+0.0097%	8h	0.1006	+0.088%	$842	$370K	10x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.1006	+0.112%	$580K	$856K	10x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster DOGEUSDTshort	+0.0100%	8h	0.1006	+0.058%	$5.0M	$43.6M	75x
Pacifica DOGE	+0.0100%	1h	0.1005	+0.029%	$336K	$508K	20x	as long as short
Binance DOGEUSDT	+0.0100%	8h	0.1006	+0.060%	$320.3M	$1.32B	75x	as long as short
Bybit DOGEUSDT	+0.0100%	8h	0.1005	+0.028%	$159.6M	$420.6M	75x	as long as short
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.1006	+0.048%	$109.7M	$931.8M	50x	as long as short
Arcus DOGE-USD	+0.0100%	1h	0.1007	+0.177%	$28K	$76K	10x	as long as short
Bulk DOGE-USD	+0.0100%	1h	0.09966	−0.841%	$382K	$14K	10x	as long as short
MEXC DOGE_USDT	+0.0100%	8h	0.1006	+0.048%	$111.2M	$217.4M	300x	as long as short
KuCoin DOGEUSDTM	+0.0100%	8h	0.1005	+0.008%	$66.1M	$41.0M	75x	as long as short
BingX DOGE-USDT	+0.0100%	8h	0.1006	+0.078%	—	$74.7M	—	as long as short
Variational Omni DOGE	+0.0100%	8h	0.1001	−0.398%	$1.0M	$8.1M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.1002	−0.288%	$275K	$116.1M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.1003	−0.163%	$634K	$4.6M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.1002	−0.300%	$146K	$244K	25x	as long as short
Polymarket Perps DOGE-USD	+0.0100%	1h	0.1006	+0.078%	$268K	$540K	10x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.1005	−0.032%	$73K	$432K	50x	as long as short
Derive DOGE-PERP	+0.0100%	1h	0.1005	−0.030%	$25K	$1K	10x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.1006	+0.145%	$36K	$2.2M	30x	as long as short
SoDEX DOGE-USD	+0.0100%	1h	0.1005	+0.018%	$2K	$3.6M	10x	as long as short
HTX DOGE-USDT	+0.0100%	8h	0.1005	−0.032%	$6.0M	$50.3M	75x	as long as short
Phemex DOGEUSDT	+0.0100%	8h	0.1006	+0.048%	$93.2M	$19.1M	50x	as long as short
Paradex DOGE-USD-PERP	+0.0101%	8h	0.1005	−0.046%	$18K	$5K	30x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.1005	−0.021%	$556K	$3.6M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.1005	−0.002%	$19K	—	3x	as long as short
Reya DOGERUSDPERP	+0.0177%	1h	0.1006	+0.074%	$2K	—	20x	as long as short
01 Exchange DOGEUSD	+0.0184%	1h	0.1007	+0.165%	$532	$4K	10x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0216%	1h	0.1006	+0.127%	$2.0M	$23.7M	50x	as long as short
BloFin DOGE-USDT	+0.0220%	8h	0.1006	+0.107%	$15.4M	$25.0M	75x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0246% / S −0.0270%	1h	0.1005	+0.014%	$315K	—	200x	as long as short
Kraken Futures PF_DOGEUSD	+0.0363%	1h	0.1005	+0.016%	$6.0M	$32.8M	50x	as long as short
Backpack DOGE_USDC_PERP	+0.0412%	1h	0.1006	+0.127%	$538K	$956K	15x	as long as short
Hyperliquid DOGE	+0.0438%	1h	0.1007	+0.187%	$111.4M	$82.7M	10x	as long as short
RISEx DOGE/USDC	+0.0702%	1h	0.1007	+0.187%	$315K	$476K	10x	as long as short
Injective DOGE/USDC PERP	+0.0966%	1h	0.1009	+0.396%	$5K	$207K	12x	as long as short