Funding arb · Price arb /

DOGE

all DOGE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0013%/8h= +1.4% APRpaid last 24h +0.006%

Price spread now: SoDEX against Gate−0.030%7-day average +0.017% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$34as in the Price arb table

costs, in and out, $10k−$300.297% of the position

Long on Gate Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.018%+$2 on $10k

Price spread, last 3 days (all we have)+0.056%+$6 · spread now −0.030%, 7d avg +0.017%

Together, before fees+0.074%+$7 on $10k · with fees, hour by hour

Funding pays, the price is against you. SoDEX is 0.047% cheaper against Gate than usual: you would sell low and buy high (spread −0.030% now, against its 7-day average of +0.017%). If the spread goes back, that is −$5 on $10k: about 12 days of funding at the current rate ($0 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate DOGE_USDT	0.1006	0.0087	pay 0.0087% / 8h	1h 35m	$242.0M	$122.8M	75x
Short	SoDEX DOGE-USD	0.1006	0.0100	get 0.0013% / 1h	35m 16s	$2K	$3.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX against Gate. 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 GatebpFee SoDEXbpOrdersPrice spread, now −0.030%Rate

Funding earned: $2.73
Price spread: −0.030% → +0.017%: −$4.67
Slippage, 4 orders: −$6.73
Fee Gate: 7.5 bp × 2 orders: −$15
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$31.68
Costs to cover: 0.297%
Break-even: 88.2 days

Slippage from Gate: live order book, 4 min ago; SoDEX: 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 Gate live order book, 4 min ago	0.49 bp	10.1 bp −$10	20.4 bp −$204	30.5 bp −$3,047	53.1 bp −$26.6K
Sell SoDEX live order book, 4 min ago	0.49 bp	4.7 bp −$5	8.5 bp −$85	153.0 bp −$15.3K	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	−0.0270%	8h	0.1004	−0.179%	$153.4M	$264.8M	75x	as long as short
Kalshi KXDOGEPERP	0.0000%	8h	0.1006	−0.009%	$414K	$4.6M	2.8x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S −0.0001%	1h	0.1006	+0.028%	$32K	—	150x	as long as short
dYdX DOGE-USD	+0.0009%	1h	0.1005	−0.110%	$226K	$44K	10x	as long as short
Deribit DOGE_USDC-PERPETUAL	+0.0068%	1h	0.1006	+0.045%	$609K	$105K	25x	as long as short
Phoenix DOGE	+0.0081%	1h	0.1008	+0.206%	$16K	$222K	10x	as long as short
Gate DOGE_USDTlong	+0.0087%	8h	0.1006	long leg	$242.0M	$122.8M	75x
Lighter DOGE	+0.0096%	1h	0.1006	+0.008%	$786K	$5.3M	15x	as long as short
Katana Perps DOGE-USD	+0.0096%	8h	0.1006	+0.030%	$2K	$362K	10x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.1006	+0.025%	$706K	$782K	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	+0.045%	$5.2M	$42.7M	75x	as long as short
Pacifica DOGE	+0.0100%	1h	0.1006	0.000%	$337K	$503K	20x	as long as short
Binance DOGEUSDT	+0.0100%	8h	0.1005	−0.050%	$320.8M	$1.31B	75x	as long as short
Bybit DOGEUSDT	+0.0100%	8h	0.1005	−0.099%	$162.6M	$412.3M	75x	as long as short
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.1005	−0.080%	$109.5M	$924.7M	50x	as long as short
Arcus DOGE-USD	+0.0100%	1h	0.1007	+0.119%	$28K	$76K	10x	as long as short
Bulk DOGE-USD	+0.0100%	1h	0.1017	+1.115%	$390K	$17K	10x	as long as short
MEXC DOGE_USDT	+0.0100%	8h	0.1005	−0.070%	$111.1M	$216.1M	300x	as long as short
KuCoin DOGEUSDTM	+0.0100%	8h	0.1006	−0.010%	$65.7M	$40.1M	75x	as long as short
BingX DOGE-USDC	+0.0100%	8h	0.1004	−0.189%	—	$3.4M	—	as long as short
Variational Omni DOGE	+0.0100%	8h	0.1007	+0.133%	$994K	$7.8M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.1009	+0.309%	$279K	$114.8M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.1008	+0.196%	$640K	$4.5M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.1014	+0.795%	$149K	$241K	25x	as long as short
Polymarket Perps DOGE-USD	+0.0100%	1h	0.1006	+0.010%	$271K	$536K	10x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.1006	+0.020%	$73K	$432K	50x	as long as short
Derive DOGE-PERP	+0.0100%	1h	0.1006	+0.017%	$25K	$1K	10x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.1007	+0.055%	$36K	$2.2M	30x	as long as short
SoDEX DOGE-USDshort	+0.0100%	1h	0.1006	−0.030%	$2K	$3.5M	10x
HTX DOGE-USDT	+0.0100%	8h	0.1007	+0.053%	$6.0M	$49.5M	75x	as long as short
Phemex DOGEUSDT	+0.0100%	8h	0.1005	−0.060%	$93.1M	$19.0M	50x	as long as short
Paradex DOGE-USD-PERP	+0.0101%	8h	0.1005	−0.051%	$18K	$5K	30x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.1006	−0.021%	$557K	$3.6M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.1006	+0.024%	$19K	—	3x	as long as short
Reya DOGERUSDPERP	+0.0176%	1h	0.1007	+0.082%	$2K	—	20x	as long as short
01 Exchange DOGEUSD	+0.0192%	1h	0.1007	+0.077%	$532	$4K	10x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0216%	1h	0.1007	+0.060%	$2.0M	$23.4M	50x	as long as short
BloFin DOGE-USDT	+0.0220%	8h	0.1005	−0.119%	$15.4M	$25.0M	75x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0246% / S −0.0271%	1h	0.1006	+0.015%	$316K	—	200x	as long as short
Kraken Futures PF_DOGEUSD	+0.0362%	1h	0.1005	−0.063%	$5.9M	$32.5M	50x	as long as short
Backpack DOGE_USDC_PERP	+0.0411%	1h	0.1006	−0.040%	$538K	$948K	15x	as long as short
Hyperliquid DOGE	+0.0421%	1h	0.1008	+0.187%	$111.3M	$82.1M	10x	as long as short
RISEx DOGE/USDC	+0.0702%	1h	0.1007	+0.119%	$316K	$477K	10x	as long as short
Injective DOGE/USDC PERP	+0.0966%	1h	0.1009	+0.298%	$5K	$207K	12x	as long as short