Funding arb · Price arb /

DOGE

all DOGE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.003%

Price spread now: dYdX against GRVT−0.078%7-day average +0.019% · you buy dearer than you sell

Net, funding: paid 7d − costs−$104as in the Funding arb table

Net, price: spread back to 7d avg − costs−$104as in the Price arb table

costs, in and out, $10k−$940.939% of the position

Long on GRVT Short on dYdX

What this pair did over the last

the charts below follow

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

Price spread, last 4 days (all we have)−0.089%−$9 · spread now −0.078%, 7d avg +0.019%

Together, before fees−0.191%+ Points / potential airdropGRVT: Active · farm board−$19 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and dYdX is 0.097% cheaper against GRVT than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of +0.019%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT DOGE_USDT_Perp	0.09949	0.0100	pay 0.0100% / 8h	5h 13m	$631K	$4.4M	10x
Short	dYdX DOGE-USD	0.09942	0	get 0.0000% / 1h	13m 34s	$223K	$49K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against GRVT. 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 GRVTbpFee dYdXbpOrdersPrice spread, now −0.078%Rate

Funding earned: −$21
Price spread: −0.078% → +0.019%: −$9.71
Slippage, 4 orders: −$74.87
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$124.58
Costs to cover: 0.939%
Break-even: never at this rate

Slippage from GRVT: live order book, 5 min ago; dYdX: live order book, 50 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 GRVT live order book, 5 min ago	0.50 bp	7.6 bp −$8	17.4 bp −$174	54.1 bp −$5,411	doesn't fit
Sell dYdX live order book, 50 min ago	33.36 bp	38.4 bp −$38	157.5 bp −$1,575	260.5 bp −$26.0K	397.5 bp −$198.8K

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	−0.0074%	8h	0.09939	−0.103%	$150.4M	$274.0M	75x	as long as short
dYdX DOGE-USDshort	0.0000%	1h	0.09942	−0.078%	$223K	$49K	10x
Kalshi KXDOGEPERP	0.0000%	8h	0.09965	+0.162%	$430K	$5.2M	2.8x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S 0.0000%	1h	0.09957	+0.081%	$24K	—	150x	as long as short
Lighter DOGE	+0.0096%	1h	0.09952	+0.031%	$771K	$6.2M	15x	as long as short
Katana Perps DOGE-USD	+0.0100%	8h	0.09944	−0.053%	$898	$443K	10x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.09941	−0.078%	$532K	$996K	10x	as long as short
Aster DOGEUSDT	+0.0100%	8h	0.09947	−0.020%	$4.7M	$48.7M	75x	as long as short
Pacifica DOGE	+0.0100%	1h	0.09950	+0.005%	$327K	$483K	20x	as long as short
Binance DOGEUSDT	+0.0100%	8h	0.09947	−0.026%	$318.3M	$1.44B	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	0.09941	−0.083%	$160.1M	$441.7M	75x	as long as short
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.09943	−0.063%	$111.0M	$986.2M	50x	as long as short
Bulk DOGE-USD	+0.0100%	1h	0.09966	+0.168%	$382K	$0	10x	as long as short
Gate DOGE_USDT	+0.0100%	8h	0.09939	−0.103%	$243.2M	$133.6M	75x	as long as short
MEXC DOGE_USDT	+0.0100%	8h	0.09943	−0.063%	$111.6M	$231.4M	300x	as long as short
KuCoin DOGEUSDTM	+0.0100%	8h	0.09944	−0.053%	$65.8M	$43.4M	75x	as long as short
BingX DOGE-USDT	+0.0100%	8h	0.09942	−0.073%	—	$76.3M	—	as long as short
Backpack DOGE_USDC_PERP	+0.0100%	1h	0.09957	+0.078%	$328K	$1.1M	15x	as long as short
Variational Omni DOGE	+0.0100%	8h	0.09975	+0.254%	$988K	$8.2M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.09941	−0.086%	$295K	$129.0M	20x	as long as short
GRVT DOGE_USDT_Perplong	+0.0100%	8h	0.09949	long leg	$631K	$4.4M	10x
ApeX Omni DOGEUSDT	+0.0100%	1h	0.09940	−0.093%	$145K	$279K	25x	as long as short
Polymarket Perps DOGE-USD	+0.0100%	1h	0.09952	+0.031%	$252K	$739K	10x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.09962	+0.128%	$70K	$438K	50x	as long as short
Derive DOGE-PERP	+0.0100%	1h	0.09960	+0.106%	$24K	$1K	10x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.09962	+0.126%	$35K	$2.2M	30x	as long as short
SoDEX DOGE-USD	+0.0100%	1h	0.09962	+0.128%	$2K	$3.9M	10x	as long as short
HTX DOGE-USDT	+0.0100%	8h	0.09955	+0.060%	$6.0M	$56.7M	75x	as long as short
Phemex DOGEUSDT	+0.0100%	8h	0.09959	+0.098%	$91.6M	$16.6M	50x	as long as short
Paradex DOGE-USD-PERP	+0.0102%	8h	0.09941	−0.080%	$18K	$6K	30x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.09939	−0.099%	$499K	$4.1M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.09959	+0.095%	$19K	—	3x	as long as short
Deribit DOGE_USDC-PERPETUAL	+0.0121%	1h	0.09964	+0.148%	$595K	$118K	25x	as long as short
Reya DOGERUSDPERP	+0.0187%	1h	0.09957	+0.079%	$2K	—	20x	as long as short
01 Exchange DOGEUSD	+0.0216%	1h	0.09947	−0.023%	$530	$4K	10x	as long as short
BloFin DOGE-USDT	+0.0220%	8h	0.09965	+0.158%	$15.7M	$25.1M	75x	as long as short
Phoenix DOGE	+0.0240%	1h	0.09951	+0.017%	$65K	$288K	10x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0246% / S −0.0269%	1h	0.09957	+0.078%	$312K	—	200x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0248%	1h	0.09966	+0.168%	$2.3M	$26.4M	50x	as long as short
Kraken Futures PF_DOGEUSD	+0.0307%	1h	0.09959	+0.098%	$5.7M	$35.3M	50x	as long as short
Hyperliquid DOGE	+0.0529%	1h	0.09954	+0.053%	$121.3M	$99.9M	10x	as long as short
RISEx DOGE/USDC	+0.0747%	1h	0.09950	+0.005%	$402K	$368K	10x	as long as short
Arcus DOGE-USD	+0.0781%	1h	0.09955	+0.058%	$128K	$179K	10x	as long as short
Injective DOGE/USDC PERP	+0.1072%	1h	0.1000	+0.510%	$5K	$239K	12x	as long as short