Funding arb · Price arb /

DOGE

all DOGE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0220%/8h= +24.1% APRpaid last 24h +0.069%

Price spread now: BloFin against Deribit+0.016%7-day average +0.008% · you sell dearer than you buy

Net, funding: paid 7d − costs−$3as in the Funding arb table

Net, price: spread back to 7d avg − costs−$41as in the Price arb table

costs, in and out, $10k−$410.414% of the position

Long on Deribit Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.386%+$39 on $10k

Price spread, last 3 days (all we have)−0.059%−$6 · spread now +0.016%, 7d avg +0.008%

Together, before fees+0.326%+$33 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.008%, so right now this pair is about funding alone: +$7 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit DOGE_USDC-PERPETUAL	0.1001	0	get 0.0000% / 1h	33m 10s	$606K	$105K	25x
Short	BloFin DOGE-USDT	0.1001	0.0220	get 0.0220% / 8h	1h 33m	$15.4M	$24.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.016%Rate

Funding earned: $46.2
Price spread: +0.016% → +0.008%: $0.81
Slippage, 4 orders: −$22.43
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee BloFin: 6 bp × 2 orders: −$12
Net: $5.58
Costs to cover: 0.414%
Break-even: 6.2 days

Slippage from Deribit: live order book, 51 min ago; BloFin: 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, 51 min ago	3.01 bp	8.5 bp −$9	doesn't fit	doesn't fit	doesn't fit
Sell BloFin live order book, 6 min ago	6.90 bp	12.9 bp −$13	12.9 bp −$129	18.9 bp −$1,892	36.3 bp −$18.1K

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	−0.0269%	8h	0.1000	−0.084%	$152.8M	$265.2M	75x	as long as short
Kalshi KXDOGEPERP	0.0000%	8h	0.1003	+0.232%	$416K	$4.7M	2.8x	as long as short
Deribit DOGE_USDC-PERPETUALlong	0.0000%	1h	0.1001	long leg	$606K	$105K	25x
gTrade (Gains Network) DOGE/USD	L +0.0001% / S −0.0001%	1h	0.1001	−0.028%	$32K	—	150x	as long as short
dYdX DOGE-USD	+0.0009%	1h	0.1003	+0.208%	$225K	$44K	10x	as long as short
Phoenix DOGE	+0.0081%	1h	0.1003	+0.262%	$19K	$222K	10x	as long as short
Gate DOGE_USDT	+0.0085%	8h	0.1000	−0.064%	$240.4M	$123.2M	75x	as long as short
Lighter DOGE	+0.0096%	1h	0.1001	+0.038%	$781K	$5.4M	15x	as long as short
Katana Perps DOGE-USD	+0.0096%	8h	0.1003	+0.176%	$2K	$364K	10x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.1002	+0.081%	$672K	$797K	10x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster DOGEUSDT	+0.0100%	8h	0.1001	+0.001%	$5.1M	$43.0M	75x	as long as short
Pacifica DOGE	+0.0100%	1h	0.1004	+0.279%	$336K	$503K	20x	as long as short
Binance DOGEUSDT	+0.0100%	8h	0.1001	−0.003%	$319.3M	$1.31B	75x	as long as short
Bybit DOGEUSDT	+0.0100%	8h	0.1000	−0.064%	$161.9M	$413.9M	75x	as long as short
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.1001	−0.024%	$109.0M	$922.1M	50x	as long as short
Arcus DOGE-USD	+0.0100%	1h	0.1003	+0.236%	$28K	$76K	10x	as long as short
Bulk DOGE-USD	+0.0100%	1h	0.1017	+1.636%	$390K	$17K	10x	as long as short
MEXC DOGE_USDT	+0.0100%	8h	0.1001	+0.046%	$110.4M	$216.3M	300x	as long as short
KuCoin DOGEUSDTM	+0.0100%	8h	0.1001	+0.026%	$65.4M	$40.1M	75x	as long as short
BingX DOGE-USDT	+0.0100%	8h	0.1001	−0.014%	—	$74.4M	—	as long as short
Variational Omni DOGE	+0.0100%	8h	0.1007	+0.649%	$994K	$7.8M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.1006	+0.515%	$280K	$115.1M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.1006	+0.566%	$634K	$4.5M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.1007	+0.615%	$147K	$243K	25x	as long as short
Polymarket Perps DOGE-USD	+0.0100%	1h	0.1001	+0.016%	$269K	$537K	10x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.1001	−0.024%	$73K	$432K	50x	as long as short
Derive DOGE-PERP	+0.0100%	1h	0.1001	−0.015%	$25K	$1K	10x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.1001	+0.034%	$35K	$2.2M	30x	as long as short
SoDEX DOGE-USD	+0.0100%	1h	0.1000	−0.054%	$2K	$3.5M	10x	as long as short
HTX DOGE-USDT	+0.0100%	8h	0.1001	−0.010%	$6.0M	$49.7M	75x	as long as short
Phemex DOGEUSDT	+0.0100%	8h	0.1001	−0.024%	$92.7M	$19.1M	50x	as long as short
Paradex DOGE-USD-PERP	+0.0101%	8h	0.1003	+0.217%	$18K	$5K	30x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.1001	−0.026%	$554K	$3.6M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.1002	+0.080%	$19K	—	3x	as long as short
Reya DOGERUSDPERP	+0.0176%	1h	0.1001	+0.027%	$2K	—	20x	as long as short
01 Exchange DOGEUSD	+0.0184%	1h	0.1003	+0.219%	$530	$4K	10x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0216%	1h	0.1001	+0.016%	$2.0M	$23.3M	50x	as long as short
BloFin DOGE-USDTshort	+0.0220%	8h	0.1001	+0.016%	$15.4M	$24.9M	75x
GMX DOGE/USD [ETH-USDC]	L +0.0246% / S −0.0270%	1h	0.1001	−0.023%	$313K	—	200x	as long as short
Kraken Futures PF_DOGEUSD	+0.0364%	1h	0.1000	−0.052%	$6.0M	$32.6M	50x	as long as short
Backpack DOGE_USDC_PERP	+0.0399%	1h	0.1004	+0.286%	$537K	$949K	15x	as long as short
Hyperliquid DOGE	+0.0412%	1h	0.1003	+0.186%	$110.6M	$82.3M	10x	as long as short
RISEx DOGE/USDC	+0.0702%	1h	0.1003	+0.251%	$314K	$477K	10x	as long as short
Injective DOGE/USDC PERP	+0.0966%	1h	0.1004	+0.316%	$5K	$207K	12x	as long as short