Funding arb · Price arb /

DOGE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0099%/8h= +10.8% APRpaid last 24h +0.022%

Price spread now: Orderly against gTrade (Gains Network)−0.021%7-day average — · you buy dearer than you sell

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

Long on gTrade (Gains Network)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

Funding pays, the price is against you. Orderly is 0.021% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.021% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$2 on $10k: about 17 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) DOGE/USD	0.1013	L +0.0001% / S −0.0001%	pay 0.0000% / 1h	50m 08s	$33K	—	150x
Short	Orderly PERP_DOGE_USDC	0.1013	0.0100	get 0.0100% / 8h	50m 08s	$74K	$433K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee OrderlybpOrdersPrice spread, now −0.021%Rate

Funding earned: $20.71
Price spread: −0.021% → 0.000%: −$2.07
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Orderly: 3 bp × 2 orders: −$6
Net: $2.64
Costs to cover: 0.160%
Break-even: 6.1 days

Slippage unknown: gTrade (Gains Network): 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell Orderly no order-book sample	—	—	—	—	—

gTrade (Gains Network) 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	−0.0247%	8h	0.1012	−0.139%	$154.3M	$267.8M	75x	as long as short
Kalshi KXDOGEPERP	0.0000%	8h	0.1015	+0.167%	$421K	$4.7M	2.8x	as long as short
Deribit DOGE_USDC-PERPETUAL	0.0000%	1h	0.1013	−0.015%	$609K	$109K	25x	as long as short
gTrade (Gains Network) DOGE/USDlong	L +0.0001% / S −0.0001%	1h	0.1013	long leg	$33K	—	150x
Gate DOGE_USDT	+0.0086%	8h	0.1012	−0.090%	$244.6M	$125.3M	75x	as long as short
Lighter DOGE	+0.0096%	1h	0.1013	−0.002%	$804K	$5.4M	15x	as long as short
Katana Perps DOGE-USD	+0.0097%	8h	0.1014	+0.098%	$1K	$378K	10x	as long as short
Aster DOGEUSDT	+0.0100%	8h	0.1013	+0.024%	$5.1M	$44.7M	75x	as long as short
Pacifica DOGE	+0.0100%	1h	0.1015	+0.216%	$338K	$504K	20x	as long as short
Binance DOGEUSDT	+0.0100%	8h	0.1013	−0.040%	$323.2M	$1.34B	75x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit DOGEUSDT	+0.0100%	8h	0.1012	−0.070%	$160.1M	$427.8M	75x	as long as short
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.1012	−0.060%	$110.9M	$947.9M	50x	as long as short
Arcus DOGE-USD	+0.0100%	1h	0.1015	+0.157%	$31K	$80K	10x	as long as short
Bulk DOGE-USD	+0.0100%	1h	0.1015	+0.147%	$389K	$12K	10x	as long as short
MEXC DOGE_USDT	+0.0100%	8h	0.1013	−0.050%	$115.0M	$218.7M	300x	as long as short
KuCoin DOGEUSDTM	+0.0100%	8h	0.1013	−0.011%	$66.7M	$41.5M	75x	as long as short
BingX DOGE-USDT	+0.0100%	8h	0.1012	−0.060%	—	$75.3M	—	as long as short
Variational Omni DOGE	+0.0100%	8h	0.1014	+0.061%	$1.0M	$8.1M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.1011	−0.170%	$279K	$117.2M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.1012	−0.110%	$644K	$4.5M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.1014	+0.098%	$149K	$248K	25x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.1014	+0.073%	$604K	$893K	10x	as long as short
Polymarket Perps DOGE-USD	+0.0100%	1h	0.1014	+0.088%	$265K	$551K	10x	as long as short
Orderly PERP_DOGE_USDCshort	+0.0100%	8h	0.1013	−0.021%	$74K	$433K	50x
Derive DOGE-PERP	+0.0100%	1h	0.1013	−0.028%	$25K	$1K	10x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.1015	+0.149%	$36K	$2.2M	30x	as long as short
SoDEX DOGE-USD	+0.0100%	1h	0.1012	−0.070%	$2K	$3.6M	10x	as long as short
HTX DOGE-USDT	+0.0100%	8h	0.1013	−0.016%	$6.0M	$51.0M	75x	as long as short
Phemex DOGEUSDT	+0.0100%	8h	0.1013	−0.040%	$93.7M	$19.2M	50x	as long as short
Paradex DOGE-USD-PERP	+0.0100%	8h	0.1015	+0.170%	$18K	$5K	30x	as long as short
Kraken Futures PF_DOGEUSD	+0.0103%	1h	0.1012	−0.091%	$6.0M	$33.0M	50x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.1013	−0.040%	$567K	$3.7M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.1013	−0.001%	$19K	—	3x	as long as short
dYdX DOGE-USD	+0.0139%	1h	0.1014	+0.090%	$228K	$44K	10x	as long as short
Reya DOGERUSDPERP	+0.0178%	1h	0.1014	+0.094%	$2K	—	20x	as long as short
BloFin DOGE-USDT	+0.0220%	8h	0.1012	−0.110%	$15.3M	$25.4M	75x	as long as short
Phoenix DOGE	+0.0239%	1h	0.1013	−0.004%	$67K	$281K	10x	as long as short
01 Exchange DOGEUSD	+0.0240%	1h	0.1015	+0.155%	$536	$4K	10x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0240%	1h	0.1013	+0.009%	$2.0M	$24.2M	50x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0246% / S −0.0267%	1h	0.1013	+0.011%	$315K	—	200x	as long as short
Backpack DOGE_USDC_PERP	+0.0451%	1h	0.1013	−0.031%	$541K	$960K	15x	as long as short
RISEx DOGE/USDC	+0.0708%	1h	0.1015	+0.177%	$318K	$475K	10x	as long as short
Hyperliquid DOGE	+0.0912%	1h	0.1014	+0.100%	$116.6M	$86.4M	10x	as long as short
Injective DOGE/USDC PERP	+0.1039%	1h	0.1014	+0.098%	$5K	$239K	12x	as long as short