Funding arb · Price arb /

DOGE

all DOGE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0146%/8h= −16.0% APRpaid last 24h −0.038%

Price spread now: HTX against GMX+0.042%7-day average +0.001% · you sell dearer than you buy

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

Long on GMX Short on HTX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.123%−$12 on $10k

Price spread, last 3 days (all we have)−0.080%−$8 · spread now +0.042%, 7d avg +0.001%

Together, before fees−0.203%−$20 on $10k · with fees, hour by hour

The price spread pays, funding is against you. HTX is 0.041% dearer against GMX than usual: you sell high and buy low (spread +0.042% now, against its 7-day average of +0.001%): +$4 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 22 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX DOGE/USD [ETH-USDC]	0.1003	L +0.0246% / S −0.0267%	pay 0.0031% / 1h	3m 57s	$313K	—	200x
Short	HTX DOGE-USDT	0.1003	0.0100	get 0.0100% / 8h	6h 03m	$5.9M	$55.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against GMX. 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 GMXbpFee HTXbpOrdersPrice spread, now +0.042%Rate

Funding earned: −$30.64
Price spread: +0.042% → +0.001%: $4.06
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee HTX: 6 bp × 2 orders: −$12
Net: −$50.58
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; HTX: live order book, 5 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 GMX no order-book sample	—	—	—	—	—
Sell HTX live order book, 5 min ago	1.10 bp	7.3 bp −$7	16.2 bp −$162	54.9 bp −$5,488	doesn't fit

GMX: 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	−0.0095%	8h	0.1001	−0.155%	$151.7M	$273.1M	75x	as long as short
Kalshi KXDOGEPERP	0.0000%	8h	0.1004	+0.149%	$396K	$5.0M	2.8x	as long as short
Deribit DOGE_USDC-PERPETUAL	0.0000%	1h	0.1002	−0.076%	$599K	$118K	25x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S 0.0000%	1h	0.1003	+0.007%	$23K	—	150x	as long as short
dYdX DOGE-USD	+0.0010%	1h	0.1004	+0.115%	$225K	$49K	10x	as long as short
Kraken Futures PF_DOGEUSD	+0.0066%	1h	0.1002	−0.077%	$5.8M	$34.6M	50x	as long as short
Lighter DOGE	+0.0096%	1h	0.1003	+0.031%	$826K	$6.1M	15x	as long as short
Katana Perps DOGE-USD	+0.0099%	8h	0.1004	+0.115%	$1K	$428K	10x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.1004	+0.135%	$537K	$987K	10x	as long as short
Aster DOGEUSDT	+0.0100%	8h	0.1003	+0.013%	$4.7M	$48.2M	75x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica DOGE	+0.0100%	1h	0.1005	+0.182%	$330K	$503K	20x	as long as short
Binance DOGEUSDT	+0.0100%	8h	0.1002	−0.100%	$319.0M	$1.43B	75x	as long as short
Bybit DOGEUSDT	+0.0100%	8h	0.1002	−0.135%	$159.6M	$437.3M	75x	as long as short
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.1002	−0.125%	$111.3M	$985.7M	50x	as long as short
Arcus DOGE-USD	+0.0100%	1h	0.1006	+0.294%	$129K	$178K	10x	as long as short
Bulk DOGE-USD	+0.0100%	1h	0.1002	−0.127%	$384K	$5K	10x	as long as short
Gate DOGE_USDT	+0.0100%	8h	0.1002	−0.105%	$242.9M	$133.5M	75x	as long as short
MEXC DOGE_USDT	+0.0100%	8h	0.1002	−0.065%	$114.1M	$232.1M	300x	as long as short
KuCoin DOGEUSDTM	+0.0100%	8h	0.1003	−0.025%	$66.4M	$43.1M	75x	as long as short
BingX DOGE-USDT	+0.0100%	8h	0.1002	−0.105%	—	$76.4M	—	as long as short
Backpack DOGE_USDC_PERP	+0.0100%	1h	0.1002	−0.075%	$345K	$1.1M	15x	as long as short
Variational Omni DOGE	+0.0100%	8h	0.1002	−0.127%	$999K	$8.2M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.09999	−0.293%	$294K	$129.2M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.09943	−0.855%	$631K	$4.5M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.1000	−0.284%	$146K	$272K	25x	as long as short
Polymarket Perps DOGE-USD	+0.0100%	1h	0.1004	+0.095%	$257K	$645K	10x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.1002	−0.075%	$70K	$440K	50x	as long as short
Derive DOGE-PERP	+0.0100%	1h	0.1002	−0.085%	$25K	$1K	10x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.1004	+0.155%	$36K	$2.2M	30x	as long as short
SoDEX DOGE-USD	+0.0100%	1h	0.1002	−0.085%	$2K	$3.8M	10x	as long as short
HTX DOGE-USDTshort	+0.0100%	8h	0.1003	+0.042%	$5.9M	$55.4M	75x
Phemex DOGEUSDT	+0.0100%	8h	0.1002	−0.085%	$92.3M	$16.8M	50x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.1002	−0.098%	$563K	$4.0M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.1002	−0.076%	$19K	—	3x	as long as short
Paradex DOGE-USD-PERP	+0.0107%	8h	0.1004	+0.131%	$18K	$6K	30x	as long as short
Reya DOGERUSDPERP	+0.0185%	1h	0.1004	+0.107%	$2K	—	20x	as long as short
01 Exchange DOGEUSD	+0.0216%	1h	0.1005	+0.185%	$536	$4K	10x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0240%	1h	0.1003	−0.015%	$2.3M	$25.8M	50x	as long as short
Phoenix DOGE	+0.0241%	1h	0.09990	−0.383%	$65K	$284K	10x	as long as short
GMX DOGE/USD [ETH-USDC]long	L +0.0246% / S −0.0267%	1h	0.1003	long leg	$313K	—	200x
RISEx DOGE/USDC	+0.0563%	1h	0.1005	+0.209%	$405K	$367K	10x	as long as short
Hyperliquid DOGE	+0.0691%	1h	0.1003	+0.055%	$122.6M	$98.8M	10x	as long as short
Injective DOGE/USDC PERP	+0.1004%	1h	0.1006	+0.314%	$5K	$239K	12x	as long as short