Funding arb · Price arb /

DOGE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Phemex against HTX−0.120%7-day average −0.014% · you buy dearer than you sell

Net, funding: paid 7d − costs−$38as in the Funding arb table

Net, price: spread back to 7d avg − costs−$45as in the Price arb table

costs, in and out, $10k−$340.344% of the position

Long on HTX Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.037%−$4 on $10k

Price spread, last 4 days (all we have)+0.114%+$11 · spread now −0.120%, 7d avg −0.014%

Together, before fees+0.077%+$8 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.105% cheaper against HTX than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of −0.014%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX DOGE-USDT	0.09871	0.0100	pay 0.0100% / 8h	5h 57m	$6.0M	$65.0M	75x
Short	Phemex DOGEUSDT	0.09859	0.0100	get 0.0100% / 8h	5h 57m	$89.9M	$15.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against HTX. 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 HTXbpFee PhemexbpOrdersPrice spread, now −0.120%Rate

Funding earned: $0
Price spread: −0.120% → −0.014%: −$10.54
Slippage, 4 orders: −$10.38
Fee HTX: 6 bp × 2 orders: −$12
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$44.92
Costs to cover: 0.344%
Break-even: never at this rate

Slippage from HTX: live order book, 5 min ago; Phemex: live order book, 5 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 HTX live order book, 5 min ago	0.05 bp	6.9 bp −$7	11.8 bp −$118	32.7 bp −$3,272	doesn't fit
Sell Phemex live order book, 5 min ago	0.51 bp	10.0 bp −$10	13.5 bp −$135	30.0 bp −$3,000	doesn't fit

DOGE on 43 exchanges

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
Kraken Futures PF_DOGEUSD	−0.0139%	1h	0.09861	−0.096%	$5.3M	$39.8M	50x	as long as short
Bitget DOGEUSDT	−0.0038%	8h	0.09855	−0.160%	$139.5M	$305.9M	75x	as long as short
Kalshi KXDOGEPERP	0.0000%	8h	0.09864	−0.067%	$529K	$6.3M	2.8x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S 0.0000%	1h	0.09859	−0.116%	$33K	—	150x	as long as short
Deribit DOGE_USDC-PERPETUAL	+0.0004%	1h	0.09863	−0.079%	$552K	$294K	25x	as long as short
Bybit DOGEUSDT	+0.0025%	8h	0.09860	−0.109%	$166.2M	$494.9M	75x	as long as short
Gate DOGE_USDT	+0.0033%	8h	0.09859	−0.120%	$253.8M	$143.6M	75x	as long as short
Injective DOGE/USDC PERP	+0.0033%	1h	0.1053	+6.678%	$6K	$240K	12x	as long as short
Lighter DOGE	+0.0096%	1h	0.09865	−0.055%	$815K	$6.4M	15x	as long as short
Katana Perps DOGE-USD	+0.0100%	8h	0.09862	−0.089%	$2K	$541K	10x	as long as short

Show all 43 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado DOGE-PERP	+0.0100%	1h	0.09856	−0.145%	$510K	$1.1M	10x	as long as short
Hyperliquid DOGE	+0.0100%	1h	0.09867	−0.043%	$122.4M	$108.5M	10x	as long as short
Aster DOGEUSDT	+0.0100%	8h	0.09861	−0.100%	$4.9M	$57.2M	75x	as long as short
Pacifica DOGE	+0.0100%	1h	0.09861	−0.101%	$315K	$457K	20x	as long as short
Binance DOGEUSDT	+0.0100%	8h	0.09859	−0.123%	$325.5M	$1.60B	75x	as long as short
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.09865	−0.059%	$118.5M	$1.10B	50x	as long as short
Arcus DOGE-USD	+0.0100%	1h	0.09864	−0.069%	$17K	$306K	10x	as long as short
Bulk DOGE-USD	+0.0100%	1h	0.09869	−0.017%	$377K	$2K	10x	as long as short
MEXC DOGE_USDT	+0.0100%	8h	0.09864	−0.069%	$113.6M	$247.2M	300x	as long as short
KuCoin DOGEUSDTM	+0.0100%	8h	0.09858	−0.130%	$65.2M	$45.6M	75x	as long as short
BingX DOGE-USDC	+0.0100%	8h	0.09859	−0.120%	—	$3.5M	—	as long as short
Backpack DOGE_USDC_PERP	+0.0100%	1h	0.09859	−0.120%	$312K	$1.2M	15x	as long as short
Variational Omni DOGE	+0.0100%	8h	0.09851	−0.199%	$1.3M	$7.8M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.09857	−0.144%	$265K	$132.8M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.09868	−0.028%	$629K	$3.8M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.09870	−0.008%	$139K	$344K	25x	as long as short
Polymarket Perps DOGE-USD	+0.0100%	1h	0.09854	−0.165%	$243K	$1.2M	10x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.09862	−0.089%	$68K	$418K	50x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.09865	−0.062%	$34K	$1.9M	30x	as long as short
SoDEX DOGE-USD	+0.0100%	1h	0.09861	−0.099%	$2K	$5.4M	10x	as long as short
HTX DOGE-USDTlong	+0.0100%	8h	0.09871	long leg	$6.0M	$65.0M	75x
Phemex DOGEUSDTshort	+0.0100%	8h	0.09859	−0.120%	$89.9M	$15.4M	50x
Paradex DOGE-USD-PERP	+0.0100%	8h	0.09863	−0.084%	$18K	$5K	30x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.09854	−0.173%	$482K	$3.7M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.09860	−0.109%	$19K	—	3x	as long as short
01 Exchange DOGEUSD	+0.0160%	1h	0.09862	−0.093%	$454	$4K	10x	as long as short
Phoenix DOGE	+0.0161%	1h	0.09868	−0.029%	$18K	$311K	10x	as long as short
Reya DOGERUSDPERP	+0.0206%	1h	0.09854	−0.171%	$2K	—	20x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0211% / S −0.0184%	1h	0.09865	−0.063%	$286K	—	200x	as long as short
BloFin DOGE-USDT	+0.0220%	8h	0.09866	−0.049%	$15.4M	$25.8M	75x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0264%	1h	0.09867	−0.038%	$2.2M	$33.1M	50x	as long as short
RISEx DOGE/USDC	+0.0587%	1h	0.09867	−0.044%	$409K	$412K	10x	as long as short
dYdX DOGE-USD	+0.0670%	1h	0.09861	−0.103%	$232K	$67K	10x	as long as short