Funding arb · Price arb /

DOGE

all DOGE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0084%/8h= +9.2% APRpaid last 24h +0.004%

Price spread now: OKX against dYdX+0.148%7-day average +0.001% · you sell dearer than you buy

Net, funding: paid 7d − costs−$68as in the Funding arb table

Net, price: spread back to 7d avg − costs−$58as in the Price arb table

costs, in and out, $10k−$720.724% of the position

Long on dYdX Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.044%+$4 on $10k

Price spread, last 4 days (all we have)−0.170%−$17 · spread now +0.148%, 7d avg +0.001%

Together, before fees−0.127%−$13 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 OKX is 0.147% dearer against dYdX than usual: you sell high and buy low: +$15 more if the spread goes back to its 7-day average of +0.001%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX DOGE-USD	0.1002	0.0016	pay 0.0002% / 1h	2m 56s	$225K	$70K	10x
Short	OKX DOGE-USDT-SWAP	0.1004	0.0100	get 0.0100% / 8h	3h 02m	$114.1M	$1.15B	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.148%Rate

Funding earned: $17.61
Price spread: +0.148% → +0.001%: $14.67
Slippage, 4 orders: −$52.36
Fee dYdX: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$40.08
Costs to cover: 0.724%
Break-even: 22.9 days

Slippage from dYdX: live order book, 51 min ago; OKX: live order book, 1 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, 51 min ago	24.26 bp	29.3 bp −$29	30.1 bp −$301	30.2 bp −$3,020	229.8 bp −$114.9K
Sell OKX live order book, 1 min ago	0.50 bp	8.3 bp −$8	11.2 bp −$112	19.6 bp −$1,963	40.6 bp −$20.3K

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
Kalshi KXDOGEPERP	0.0000%	8h	0.1005	+0.320%	$659K	$6.4M	2.8x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S 0.0000%	1h	0.1003	+0.054%	$23K	—	150x	as long as short
dYdX DOGE-USDlong	+0.0016%	1h	0.1002	long leg	$225K	$70K	10x
Lighter DOGE	+0.0096%	1h	0.1004	+0.149%	$741K	$6.5M	15x	as long as short
Bitget DOGEUSDT	+0.0099%	8h	0.1003	+0.118%	$130.3M	$319.8M	75x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.1002	−0.017%	$549K	$1.1M	10x	as long as short
Aster DOGEUSDT	+0.0100%	8h	0.1003	+0.137%	$4.5M	$55.8M	75x	as long as short
Pacifica DOGE	+0.0100%	1h	0.1003	+0.066%	$320K	$520K	20x	as long as short
Binance DOGEUSDT	+0.0100%	8h	0.1003	+0.137%	$327.6M	$1.64B	75x	as long as short
Bybit DOGEUSDT	+0.0100%	8h	0.1003	+0.138%	$163.1M	$506.8M	75x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX DOGE-USDT-SWAPshort	+0.0100%	8h	0.1004	+0.148%	$114.1M	$1.15B	50x
Bulk DOGE-USD	+0.0100%	1h	0.1016	+1.404%	$390K	$16K	10x	as long as short
Gate DOGE_USDT	+0.0100%	8h	0.1002	+0.008%	$246.3M	$148.7M	75x	as long as short
MEXC DOGE_USDT	+0.0100%	8h	0.1003	+0.108%	$113.2M	$248.9M	300x	as long as short
KuCoin DOGEUSDTM	+0.0100%	8h	0.1003	+0.098%	$66.0M	$48.6M	75x	as long as short
BingX DOGE-USDC	+0.0100%	8h	0.1002	+0.008%	—	$3.5M	—	as long as short
Backpack DOGE_USDC_PERP	+0.0100%	1h	0.1002	+0.028%	$319K	$1.2M	15x	as long as short
Variational Omni DOGE	+0.0100%	8h	0.1010	+0.764%	$1.1M	$8.6M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.1008	+0.597%	$322K	$137.1M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.1008	+0.570%	$638K	$4.7M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.1008	+0.587%	$151K	$332K	25x	as long as short
Polymarket Perps DOGE-USD	+0.0100%	1h	0.1002	−0.002%	$260K	$1.1M	10x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.1003	+0.078%	$66K	$463K	50x	as long as short
Derive DOGE-PERP	+0.0100%	1h	0.1003	+0.044%	$19K	$1K	10x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.1002	+0.025%	$35K	$2.3M	30x	as long as short
SoDEX DOGE-USD	+0.0100%	1h	0.1003	+0.088%	$2K	$5.1M	10x	as long as short
HTX DOGE-USDT	+0.0100%	8h	0.1003	+0.042%	$5.9M	$66.1M	75x	as long as short
Phemex DOGEUSDT	+0.0100%	8h	0.1002	+0.018%	$92.2M	$17.1M	50x	as long as short
Paradex DOGE-USD-PERP	+0.0100%	8h	0.1002	−0.034%	$18K	$5K	30x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.1003	+0.109%	$482K	$4.1M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.1003	+0.072%	$19K	—	3x	as long as short
Katana Perps DOGE-USD	+0.0118%	8h	0.1002	+0.008%	$1K	$512K	10x	as long as short
Reya DOGERUSDPERP	+0.0193%	1h	0.1003	+0.046%	$2K	—	20x	as long as short
BloFin DOGE-USDT	+0.0220%	8h	0.1002	+0.008%	$16.1M	$26.7M	75x	as long as short
01 Exchange DOGEUSD	+0.0224%	1h	0.1003	+0.042%	$446	$4K	10x	as long as short
Phoenix DOGE	+0.0235%	1h	0.1008	+0.556%	$18K	$292K	10x	as long as short
Deribit DOGE_USDC-PERPETUAL	+0.0239%	1h	0.1003	+0.133%	$570K	$247K	25x	as long as short
Kraken Futures PF_DOGEUSD	+0.0251%	1h	0.1002	+0.008%	$5.5M	$40.0M	50x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0253% / S −0.0292%	1h	0.1003	+0.054%	$327K	—	200x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0304%	1h	0.1002	+0.028%	$2.1M	$33.4M	50x	as long as short
Hyperliquid DOGE	+0.0378%	1h	0.1003	+0.128%	$125.0M	$112.8M	10x	as long as short
Arcus DOGE-USD	+0.0634%	1h	0.1004	+0.148%	$109K	$207K	10x	as long as short
RISEx DOGE/USDC	+0.0728%	1h	0.1003	+0.106%	$404K	$434K	10x	as long as short
Injective DOGE/USDC PERP	+0.1062%	1h	0.1053	+5.077%	$6K	$242K	12x	as long as short