Funding arb · Price arb /

DOGE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.005%

Price spread now: SoDEX against Derive+0.020%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 SoDEX

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	0.09993	0.0100	pay 0.0013% / 1h	25m 29s	$25K	$1K	10x
Short	SoDEX DOGE-USD	0.09995	0.0100	get 0.0013% / 1h	25m 29s	$2K	$3.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now +0.020%Rate

Funding earned: $0
Price spread: +0.020% → 0.000%: $1.95
Slippage, 4 orders: no order book: not counted
Fee Derive: 3 bp × 2 orders: −$6
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$12.05
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Derive: no order-book sample; SoDEX: live order book, 4 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 SoDEX live order book, 4 min ago	0.50 bp	4.5 bp −$5	8.1 bp −$81	156.2 bp −$15.6K	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 43 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	−0.0113%	8h	0.09966	−0.271%	$150.9M	$273.1M	75x	as long as short
Kalshi KXDOGEPERP	0.0000%	8h	0.09988	−0.049%	$392K	$5.0M	2.8x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S 0.0000%	1h	0.09990	−0.026%	$23K	—	150x	as long as short
dYdX DOGE-USD	+0.0016%	1h	0.09962	−0.313%	$224K	$49K	10x	as long as short
Kraken Futures PF_DOGEUSD	+0.0066%	1h	0.09994	+0.006%	$5.9M	$34.1M	50x	as long as short
Lighter DOGE	+0.0096%	1h	0.09979	−0.137%	$794K	$6.0M	15x	as long as short
Katana Perps DOGE-USD	+0.0099%	8h	0.09965	−0.281%	$832	$428K	10x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.09968	−0.246%	$530K	$990K	10x	as long as short
Aster DOGEUSDT	+0.0100%	8h	0.09979	−0.138%	$4.6M	$48.3M	75x	as long as short
Pacifica DOGE	+0.0100%	1h	0.09969	−0.244%	$328K	$503K	20x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance DOGEUSDT	+0.0100%	8h	0.09971	−0.217%	$315.7M	$1.43B	75x	as long as short
Bybit DOGEUSDT	+0.0100%	8h	0.09970	−0.231%	$157.9M	$442.1M	75x	as long as short
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.09978	−0.151%	$110.0M	$981.2M	50x	as long as short
Arcus DOGE-USD	+0.0100%	1h	0.09981	−0.121%	$128K	$178K	10x	as long as short
Bulk DOGE-USD	+0.0100%	1h	0.09984	−0.093%	$383K	$5K	10x	as long as short
Gate DOGE_USDT	+0.0100%	8h	0.09966	−0.271%	$241.8M	$132.3M	75x	as long as short
MEXC DOGE_USDT	+0.0100%	8h	0.09975	−0.181%	$110.8M	$229.6M	300x	as long as short
KuCoin DOGEUSDTM	+0.0100%	8h	0.09974	−0.191%	$65.9M	$43.0M	75x	as long as short
BingX DOGE-USDC	+0.0100%	8h	0.09971	−0.221%	—	$3.4M	—	as long as short
Backpack DOGE_USDC_PERP	+0.0100%	1h	0.09993	0.000%	$341K	$1.1M	15x	as long as short
Variational Omni DOGE	+0.0100%	8h	0.09990	−0.032%	$985K	$8.2M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.09982	−0.107%	$282K	$128.4M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.09988	−0.050%	$634K	$4.5M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.09950	−0.431%	$145K	$270K	25x	as long as short
Polymarket Perps DOGE-USD	+0.0100%	1h	0.09967	−0.259%	$257K	$642K	10x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.09994	+0.010%	$70K	$440K	50x	as long as short
Derive DOGE-PERPlong	+0.0100%	1h	0.09993	long leg	$25K	$1K	10x
SunX DOGE-USDT	+0.0100%	8h	0.09997	+0.039%	$35K	$2.2M	30x	as long as short
SoDEX DOGE-USDshort	+0.0100%	1h	0.09995	+0.020%	$2K	$3.7M	10x
HTX DOGE-USDT	+0.0100%	8h	0.09992	−0.009%	$5.9M	$54.8M	75x	as long as short
Phemex DOGEUSDT	+0.0100%	8h	0.09990	−0.030%	$92.1M	$17.1M	50x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.09963	−0.298%	$584K	$4.0M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.09995	+0.015%	$19K	—	3x	as long as short
Deribit DOGE_USDC-PERPETUAL	+0.0110%	1h	0.09996	+0.030%	$597K	$118K	25x	as long as short
Paradex DOGE-USD-PERP	+0.0111%	8h	0.09971	−0.222%	$18K	$6K	30x	as long as short
Reya DOGERUSDPERP	+0.0184%	1h	0.09973	−0.202%	$2K	—	20x	as long as short
01 Exchange DOGEUSD	+0.0200%	1h	0.09967	−0.259%	$531	$4K	10x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0240%	1h	0.09999	+0.060%	$2.0M	$25.2M	50x	as long as short
Phoenix DOGE	+0.0241%	1h	0.09998	+0.051%	$65K	$284K	10x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0245% / S −0.0267%	1h	0.09990	−0.034%	$311K	—	200x	as long as short
RISEx DOGE/USDC	+0.0563%	1h	0.09971	−0.216%	$401K	$367K	10x	as long as short
Hyperliquid DOGE	+0.0715%	1h	0.09985	−0.078%	$121.8M	$97.8M	10x	as long as short
Injective DOGE/USDC PERP	+0.1004%	1h	0.09980	−0.131%	$5K	$239K	12x	as long as short