Funding arb · Price arb /

DOGE

all DOGE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0090%/8h= +9.8% APRpaid last 24h +0.005%

Price spread now: HTX against dYdX+0.196%7-day average +0.038% · you sell dearer than you buy

Net, funding: paid 7d − costs−$87as in the Funding arb table

Net, price: spread back to 7d avg − costs−$82as in the Price arb table

costs, in and out, $10k−$980.976% of the position

Long on dYdX Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.102%+$10 on $10k

Price spread, last 3 days (all we have)−0.155%−$15 · spread now +0.196%, 7d avg +0.038%

Together, before fees−0.053%−$5 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 HTX is 0.158% dearer against dYdX than usual: you sell high and buy low: +$16 more if the spread goes back to its 7-day average of +0.038%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX DOGE-USD	0.1006	0.0010	pay 0.0001% / 1h	20m 33s	$226K	$44K	10x
Short	HTX DOGE-USDT	0.1008	0.0100	get 0.0100% / 8h	1h 20m	$6.0M	$50.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against dYdX. 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 dYdXbpFee HTXbpOrdersPrice spread, now +0.196%Rate

Funding earned: $18.87
Price spread: +0.196% → +0.038%: $15.82
Slippage, 4 orders: −$75.63
Fee dYdX: 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: −$62.95
Costs to cover: 0.976%
Break-even: 30.4 days

Slippage from dYdX: live order book, 64 min ago; HTX: live order book, 4 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 dYdX live order book, 64 min ago	16.05 bp	27.4 bp −$27	97.3 bp −$973	141.2 bp −$14.1K	179.0 bp −$89.5K
Sell HTX live order book, 4 min ago	1.44 bp	7.7 bp −$8	16.8 bp −$168	44.1 bp −$4,410	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	−0.0263%	8h	0.1005	−0.092%	$153.5M	$266.3M	75x	as long as short
Kalshi KXDOGEPERP	0.0000%	8h	0.1008	+0.241%	$420K	$4.7M	2.8x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S −0.0001%	1h	0.1007	+0.131%	$32K	—	150x	as long as short
dYdX DOGE-USDlong	+0.0010%	1h	0.1006	long leg	$226K	$44K	10x
Deribit DOGE_USDC-PERPETUAL	+0.0028%	1h	0.1008	+0.149%	$610K	$109K	25x	as long as short
Phoenix DOGE	+0.0081%	1h	0.1009	+0.258%	$67K	$222K	10x	as long as short
Gate DOGE_USDT	+0.0093%	8h	0.1006	−0.043%	$242.2M	$124.3M	75x	as long as short
Lighter DOGE	+0.0096%	1h	0.1007	+0.076%	$793K	$5.4M	15x	as long as short
Katana Perps DOGE-USD	+0.0097%	8h	0.1005	−0.092%	$840	$371K	10x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.1008	+0.161%	$581K	$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 DOGEUSDT	+0.0100%	8h	0.1006	+0.020%	$5.0M	$43.7M	75x	as long as short
Pacifica DOGE	+0.0100%	1h	0.1006	+0.034%	$336K	$508K	20x	as long as short
Binance DOGEUSDT	+0.0100%	8h	0.1006	−0.053%	$320.3M	$1.32B	75x	as long as short
Bybit DOGEUSDT	+0.0100%	8h	0.1005	−0.132%	$159.3M	$421.2M	75x	as long as short
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.1005	−0.112%	$109.7M	$932.0M	50x	as long as short
Arcus DOGE-USD	+0.0100%	1h	0.1006	+0.027%	$28K	$76K	10x	as long as short
Bulk DOGE-USD	+0.0100%	1h	0.1006	+0.020%	$386K	$14K	10x	as long as short
MEXC DOGE_USDT	+0.0100%	8h	0.1006	+0.007%	$111.2M	$217.4M	300x	as long as short
KuCoin DOGEUSDTM	+0.0100%	8h	0.1006	+0.007%	$66.2M	$41.0M	75x	as long as short
BingX DOGE-USDT	+0.0100%	8h	0.1006	−0.023%	—	$74.7M	—	as long as short
Variational Omni DOGE	+0.0100%	8h	0.1001	−0.497%	$1.0M	$8.1M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.1002	−0.388%	$275K	$116.1M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.1003	−0.263%	$634K	$4.6M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.1002	−0.401%	$146K	$244K	25x	as long as short
Polymarket Perps DOGE-USD	+0.0100%	1h	0.1007	+0.116%	$269K	$541K	10x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.1007	+0.126%	$73K	$432K	50x	as long as short
Derive DOGE-PERP	+0.0100%	1h	0.1007	+0.127%	$25K	$1K	10x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.1008	+0.174%	$35K	$2.2M	30x	as long as short
SoDEX DOGE-USD	+0.0100%	1h	0.1008	+0.146%	$2K	$3.6M	10x	as long as short
HTX DOGE-USDTshort	+0.0100%	8h	0.1008	+0.196%	$6.0M	$50.3M	75x
Phemex DOGEUSDT	+0.0100%	8h	0.1007	+0.116%	$93.3M	$19.2M	50x	as long as short
Paradex DOGE-USD-PERP	+0.0100%	8h	0.1006	−0.013%	$18K	$5K	30x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.1005	−0.062%	$559K	$3.6M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.1008	+0.151%	$19K	—	3x	as long as short
Reya DOGERUSDPERP	+0.0177%	1h	0.1007	+0.132%	$2K	—	20x	as long as short
01 Exchange DOGEUSD	+0.0184%	1h	0.1006	+0.004%	$531	$4K	10x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0216%	1h	0.1008	+0.216%	$2.0M	$23.7M	50x	as long as short
BloFin DOGE-USDT	+0.0220%	8h	0.1007	+0.116%	$15.4M	$25.1M	75x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0246% / S −0.0270%	1h	0.1007	+0.129%	$315K	—	200x	as long as short
Kraken Futures PF_DOGEUSD	+0.0362%	1h	0.1007	+0.138%	$6.0M	$32.8M	50x	as long as short
Backpack DOGE_USDC_PERP	+0.0418%	1h	0.1007	+0.087%	$538K	$956K	15x	as long as short
Hyperliquid DOGE	+0.0448%	1h	0.1008	+0.146%	$111.7M	$82.9M	10x	as long as short
RISEx DOGE/USDC	+0.0702%	1h	0.1006	+0.037%	$315K	$476K	10x	as long as short
Injective DOGE/USDC PERP	+0.0966%	1h	0.1010	+0.395%	$5K	$207K	12x	as long as short