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% APRnext payment +$0.00 per $10,000 · paid last 24h +0.005%

Price spread now: Polymarket Perps against Derive−0.016%7-day average — · you buy dearer than you sell

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

Long on Derive Short on Polymarket Perps

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	0.09893	0.0100	pay 0.0013% / 1h	44m 50s	$24K	$1K	10x
Short	Polymarket Perps DOGE-USD	0.09891	0.0100	get 0.0013% / 1h	44m 50s	$274K	$545K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now −0.016%Rate

Funding earned: $0
Price spread: −0.016% → 0.000%: −$1.64
Slippage, 4 orders: no order book: not counted
Fee Derive: 3 bp × 2 orders: −$6
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$15.64
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Derive: no order-book sample; Polymarket Perps: live order book, 42 min ago. 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 Polymarket Perps live order book, 42 min ago	3.00 bp	7.0 bp −$7	7.4 bp −$74	doesn't fit	doesn't fit

Derive: 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	−0.0279%	8h	0.09875	−0.180%	$151.6M	$259.3M	75x	as long as short
Kalshi KXDOGEPERP	0.0000%	8h	0.09890	−0.028%	$354K	$4.3M	2.8x	as long as short
Deribit DOGE_USDC-PERPETUAL	0.0000%	1h	0.09897	+0.038%	$619K	$88K	25x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S −0.0001%	1h	0.09892	−0.007%	$31K	—	150x	as long as short
dYdX DOGE-USD	+0.0042%	1h	0.09896	+0.028%	$222K	$44K	10x	as long as short
Gate DOGE_USDT	+0.0065%	8h	0.09878	−0.150%	$234.9M	$118.4M	75x	as long as short
Phoenix DOGE	+0.0080%	1h	0.09900	+0.069%	$15K	$225K	10x	as long as short
Katana Perps DOGE-USD	+0.0095%	8h	0.09893	+0.002%	$2K	$334K	10x	as long as short
Lighter DOGE	+0.0096%	1h	0.09886	−0.073%	$796K	$5.0M	15x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.09895	+0.022%	$628K	$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	0.09886	−0.065%	$4.9M	$40.1M	75x	as long as short
Pacifica DOGE	+0.0100%	1h	0.09899	+0.059%	$337K	$503K	20x	as long as short
Binance DOGEUSDT	+0.0100%	8h	0.09885	−0.083%	$316.7M	$1.25B	75x	as long as short
Bybit DOGEUSDT	+0.0100%	8h	0.09880	−0.130%	$153.8M	$393.7M	75x	as long as short
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.09886	−0.069%	$107.4M	$882.6M	50x	as long as short
Arcus DOGE-USD	+0.0100%	1h	0.09900	+0.073%	$28K	$75K	10x	as long as short
Bulk DOGE-USD	+0.0100%	1h	0.09895	+0.022%	$379K	$19K	10x	as long as short
MEXC DOGE_USDT	+0.0100%	8h	0.09883	−0.099%	$120.3M	$212.0M	300x	as long as short
KuCoin DOGEUSDTM	+0.0100%	8h	0.09883	−0.099%	$65.0M	$38.9M	75x	as long as short
BingX DOGE-USDT	+0.0100%	8h	0.09882	−0.109%	—	$73.2M	—	as long as short
Variational Omni DOGE	+0.0100%	8h	0.09894	+0.007%	$931K	$7.8M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.09885	−0.075%	$262K	$110.8M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.09895	+0.022%	$622K	$4.7M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.09890	−0.029%	$141K	$222K	25x	as long as short
Polymarket Perps DOGE-USDshort	+0.0100%	1h	0.09891	−0.016%	$274K	$545K	10x
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.09895	+0.022%	$72K	$359K	50x	as long as short
Derive DOGE-PERPlong	+0.0100%	1h	0.09893	long leg	$24K	$1K	10x
SunX DOGE-USDT	+0.0100%	8h	0.09900	+0.077%	$35K	$2.1M	30x	as long as short
SoDEX DOGE-USD	+0.0100%	1h	0.09894	+0.012%	$2K	$3.3M	10x	as long as short
HTX DOGE-USDT	+0.0100%	8h	0.09894	+0.014%	$6.0M	$46.2M	75x	as long as short
Phemex DOGEUSDT	+0.0100%	8h	0.09891	−0.018%	$91.8M	$19.0M	50x	as long as short
Paradex DOGE-USD-PERP	+0.0100%	8h	0.09897	+0.040%	$19K	$3K	30x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.09881	−0.124%	$544K	$3.5M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.09896	+0.028%	$19K	—	3x	as long as short
Backpack DOGE_USDC_PERP	+0.0121%	1h	0.09889	−0.039%	$524K	$855K	15x	as long as short
Reya DOGERUSDPERP	+0.0173%	1h	0.09893	+0.003%	$2K	—	20x	as long as short
BloFin DOGE-USDT	+0.0220%	8h	0.09890	−0.029%	$15.3M	$23.6M	75x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0224%	1h	0.09896	+0.032%	$2.0M	$22.1M	50x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0243% / S −0.0263%	1h	0.09891	−0.018%	$305K	—	200x	as long as short
01 Exchange DOGEUSD	+0.0280%	1h	0.09895	+0.025%	$522	$4K	10x	as long as short
Kraken Futures PF_DOGEUSD	+0.0289%	1h	0.09896	+0.037%	$6.8M	$30.3M	50x	as long as short
Hyperliquid DOGE	+0.0500%	1h	0.09893	−0.001%	$110.4M	$77.7M	10x	as long as short
RISEx DOGE/USDC	+0.0536%	1h	0.09903	+0.098%	$312K	$469K	10x	as long as short
Injective DOGE/USDC PERP	+0.1013%	1h	0.09920	+0.275%	$5K	$153K	12x	as long as short