Funding arb · Price arb /

DOGE

all DOGE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0601%/8h= +65.8% APRpaid last 24h +0.173%

Price spread now: RISEx against GRVT+0.417%7-day average +0.065% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs+$9as in the Price arb table

costs, in and out, $10k−$260.262% of the position

Long on GRVT Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.338%+$34 on $10k

Price spread, last 4 days (all we have)−0.272%−$27 · spread now +0.417%, 7d avg +0.065%

Together, before fees+0.066%+ Points / potential airdropGRVT: Active · farm board+$7 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$18 a day on $10k at the current rate, and RISEx is 0.352% dearer against GRVT than usual: you sell high and buy low: +$35 more if the spread goes back to its 7-day average of +0.065%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT DOGE_USDT_Perp	0.1006	0.0100	pay 0.0100% / 8h	7h 37m	$637K	$4.5M	10x
Short	RISEx DOGE/USDC	0.1010	0.0701	get 0.0088% / 1h	37m 07s	$320K	$478K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now +0.417%Rate

Funding earned: $126.27
Price spread: +0.417% → +0.065%: $35.24
Slippage, 4 orders: −$11.24
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee RISEx: 3 bp × 2 orders: −$6
Net: $135.27
Costs to cover: 0.262%
Break-even: from the start

Slippage from GRVT: live order book, 2 min ago; RISEx: live order book, 36 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, 2 min ago	1.00 bp	7.8 bp −$8	18.9 bp −$189	51.1 bp −$5,105	doesn't fit
Sell RISEx live order book, 36 min ago	3.02 bp	6.0 bp −$6	11.5 bp −$115	doesn't fit	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
Phemex DOGEUSDT	−0.0466%	8h	0.1010	+0.399%	$93.2M	$18.0M	50x	as long as short
Bitget DOGEUSDT	−0.0190%	8h	0.1009	+0.329%	$153.7M	$270.7M	75x	as long as short
Kraken Futures PF_DOGEUSD	−0.0077%	1h	0.1010	+0.393%	$6.1M	$33.9M	50x	as long as short
Kalshi KXDOGEPERP	0.0000%	8h	0.1010	+0.457%	$402K	$4.8M	2.8x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S 0.0000%	1h	0.1009	+0.369%	$24K	—	150x	as long as short
dYdX DOGE-USD	+0.0025%	1h	0.1009	+0.271%	$226K	$44K	10x	as long as short
Lighter DOGE	+0.0096%	1h	0.1010	+0.426%	$807K	$5.8M	15x	as long as short
Katana Perps DOGE-USD	+0.0100%	8h	0.1009	+0.329%	$853	$405K	10x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.1009	+0.359%	$518K	$973K	10x	as long as short
Aster DOGEUSDT	+0.0100%	8h	0.1010	+0.413%	$5.1M	$46.4M	75x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica DOGE	+0.0100%	1h	0.1009	+0.305%	$336K	$516K	20x	as long as short
Binance DOGEUSDT	+0.0100%	8h	0.1010	+0.391%	$320.7M	$1.40B	75x	as long as short
Bybit DOGEUSDT	+0.0100%	8h	0.1010	+0.389%	$160.1M	$438.3M	75x	as long as short
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.1010	+0.419%	$110.7M	$972.9M	50x	as long as short
Arcus DOGE-USD	+0.0100%	1h	0.1010	+0.409%	$28K	$82K	10x	as long as short
Bulk DOGE-USD	+0.0100%	1h	0.1005	−0.063%	$385K	$9K	10x	as long as short
Gate DOGE_USDT	+0.0100%	8h	0.1009	+0.359%	$245.7M	$128.6M	75x	as long as short
MEXC DOGE_USDT	+0.0100%	8h	0.1010	+0.379%	$114.7M	$223.8M	300x	as long as short
KuCoin DOGEUSDTM	+0.0100%	8h	0.1010	+0.399%	$66.1M	$42.6M	75x	as long as short
BingX DOGE-USDT	+0.0100%	8h	0.1010	+0.399%	—	$76.0M	—	as long as short
Backpack DOGE_USDC_PERP	+0.0100%	1h	0.1010	+0.419%	$370K	$1.1M	15x	as long as short
Variational Omni DOGE	+0.0100%	8h	0.1006	+0.060%	$1.0M	$8.1M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.1007	+0.154%	$265K	$122.9M	20x	as long as short
GRVT DOGE_USDT_Perplong	+0.0100%	8h	0.1006	long leg	$637K	$4.5M	10x
ApeX Omni DOGEUSDT	+0.0100%	1h	0.1008	+0.220%	$148K	$267K	25x	as long as short
Polymarket Perps DOGE-USD	+0.0100%	1h	0.1009	+0.359%	$265K	$554K	10x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.1009	+0.359%	$73K	$428K	50x	as long as short
Derive DOGE-PERP	+0.0100%	1h	0.1010	+0.383%	$25K	$1K	10x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.1010	+0.395%	$36K	$2.2M	30x	as long as short
SoDEX DOGE-USD	+0.0100%	1h	0.1010	+0.389%	$2K	$3.8M	10x	as long as short
HTX DOGE-USDT	+0.0100%	8h	0.1010	+0.371%	$6.0M	$52.4M	75x	as long as short
Paradex DOGE-USD-PERP	+0.0100%	8h	0.1009	+0.278%	$18K	$5K	30x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.1009	+0.368%	$575K	$3.9M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.1010	+0.384%	$19K	—	3x	as long as short
Deribit DOGE_USDC-PERPETUAL	+0.0107%	1h	0.1010	+0.418%	$607K	$121K	25x	as long as short
Reya DOGERUSDPERP	+0.0181%	1h	0.1010	+0.387%	$2K	—	20x	as long as short
01 Exchange DOGEUSD	+0.0192%	1h	0.1010	+0.453%	$533	$4K	10x	as long as short
BloFin DOGE-USDT	+0.0220%	8h	0.1009	+0.359%	$15.4M	$25.7M	75x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0240%	1h	0.1010	+0.458%	$2.0M	$25.0M	50x	as long as short
Phoenix DOGE	+0.0240%	1h	0.1007	+0.141%	$67K	$283K	10x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0245% / S −0.0263%	1h	0.1010	+0.379%	$311K	—	200x	as long as short
RISEx DOGE/USDCshort	+0.0701%	1h	0.1010	+0.417%	$320K	$478K	10x
Hyperliquid DOGE	+0.0852%	1h	0.1011	+0.538%	$122.1M	$93.1M	10x	as long as short
Injective DOGE/USDC PERP	+0.0973%	1h	0.1011	+0.518%	$5K	$239K	12x	as long as short