Funding arb · Price arb /

DOGE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.002%

Price spread now: Orderly against Derive+0.014%7-day average — · you sell dearer than you buy

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

Long on Derive Short on Orderly

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—needs both histories

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Derive DOGE-PERP	0.09913	0.0100	pay 0.0013% / 1h	43m 22s	$24K	$1K	10x
Short	Orderly PERP_DOGE_USDC	0.09914	0.0100	get 0.0100% / 8h	2h 43m	$72K	$358K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against Derive. 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 DerivebpFee OrderlybpOrdersPrice spread, now +0.014%Rate

Funding earned: $0
Price spread: +0.014% → 0.000%: $1.37
Slippage, 4 orders: no order book: not counted
Fee Derive: 3 bp × 2 orders: −$6
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$10.63
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Derive: no order-book sample; Orderly: 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 Derive no order-book sample	—	—	—	—	—
Sell Orderly no order-book sample	—	—	—	—	—

Derive and Orderly: 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	−0.0278%	8h	0.09905	−0.077%	$152.1M	$259.1M	75x	as long as short
Kalshi KXDOGEPERP	0.0000%	8h	0.09889	−0.236%	$353K	$4.3M	2.8x	as long as short
Deribit DOGE_USDC-PERPETUAL	0.0000%	1h	0.09915	+0.024%	$620K	$88K	25x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S −0.0001%	1h	0.09909	−0.033%	$31K	—	150x	as long as short
Gate DOGE_USDT	+0.0063%	8h	0.09906	−0.067%	$235.5M	$118.4M	75x	as long as short
dYdX DOGE-USD	+0.0077%	1h	0.09910	−0.026%	$222K	$44K	10x	as long as short
Phoenix DOGE	+0.0080%	1h	0.09900	−0.132%	$15K	$225K	10x	as long as short
Katana Perps DOGE-USD	+0.0095%	8h	0.09913	+0.004%	$828	$334K	10x	as long as short
Lighter DOGE	+0.0096%	1h	0.09913	−0.001%	$798K	$5.0M	15x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.09915	+0.024%	$629K	$695K	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	0.09917	+0.044%	$4.9M	$40.2M	75x	as long as short
Pacifica DOGE	+0.0100%	1h	0.09910	−0.023%	$338K	$503K	20x	as long as short
Binance DOGEUSDT	+0.0100%	8h	0.09911	−0.015%	$317.0M	$1.25B	75x	as long as short
Bybit DOGEUSDT	+0.0100%	8h	0.09911	−0.017%	$154.3M	$393.8M	75x	as long as short
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.09916	+0.034%	$107.5M	$885.4M	50x	as long as short
Arcus DOGE-USD	+0.0100%	1h	0.09924	+0.115%	$28K	$75K	10x	as long as short
Bulk DOGE-USD	+0.0100%	1h	0.09895	−0.178%	$379K	$19K	10x	as long as short
MEXC DOGE_USDT	+0.0100%	8h	0.09906	−0.067%	$122.2M	$212.7M	300x	as long as short
KuCoin DOGEUSDTM	+0.0100%	8h	0.09913	+0.004%	$65.3M	$38.9M	75x	as long as short
BingX DOGE-USDT	+0.0100%	8h	0.09910	−0.027%	—	$73.1M	—	as long as short
Variational Omni DOGE	+0.0100%	8h	0.09894	−0.193%	$931K	$7.8M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.09896	−0.167%	$263K	$111.0M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.09894	−0.192%	$622K	$4.7M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.09900	−0.128%	$141K	$222K	25x	as long as short
Polymarket Perps DOGE-USD	+0.0100%	1h	0.09914	+0.018%	$275K	$545K	10x	as long as short
Orderly PERP_DOGE_USDCshort	+0.0100%	8h	0.09914	+0.014%	$72K	$358K	50x
Derive DOGE-PERPlong	+0.0100%	1h	0.09913	long leg	$24K	$1K	10x
SunX DOGE-USDT	+0.0100%	8h	0.09892	−0.204%	$35K	$2.1M	30x	as long as short
SoDEX DOGE-USD	+0.0100%	1h	0.09889	−0.238%	$2K	$3.3M	10x	as long as short
HTX DOGE-USDT	+0.0100%	8h	0.09892	−0.207%	$6.0M	$46.2M	75x	as long as short
Phemex DOGEUSDT	+0.0100%	8h	0.09893	−0.198%	$91.8M	$18.9M	50x	as long as short
Paradex DOGE-USD-PERP	+0.0100%	8h	0.09912	−0.008%	$19K	$3K	30x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.09918	+0.053%	$546K	$3.5M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.09917	+0.046%	$19K	—	3x	as long as short
Backpack DOGE_USDC_PERP	+0.0126%	1h	0.09898	−0.148%	$524K	$855K	15x	as long as short
Reya DOGERUSDPERP	+0.0173%	1h	0.09906	−0.072%	$2K	—	20x	as long as short
BloFin DOGE-USDT	+0.0220%	8h	0.09890	−0.228%	$15.3M	$23.6M	75x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0224%	1h	0.09893	−0.198%	$2.0M	$22.1M	50x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0243% / S −0.0263%	1h	0.09906	−0.071%	$305K	—	200x	as long as short
01 Exchange DOGEUSD	+0.0256%	1h	0.09917	+0.048%	$524	$4K	10x	as long as short
Kraken Futures PF_DOGEUSD	+0.0289%	1h	0.09889	−0.239%	$6.8M	$30.3M	50x	as long as short
Hyperliquid DOGE	+0.0509%	1h	0.09921	+0.081%	$110.7M	$77.7M	10x	as long as short
RISEx DOGE/USDC	+0.0536%	1h	0.09926	+0.131%	$313K	$469K	10x	as long as short
Injective DOGE/USDC PERP	+0.1013%	1h	0.09940	+0.276%	$5K	$153K	12x	as long as short