Funding arb · Price arb /

DOGE

all DOGE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0617%/8h= +67.6% APRpaid last 24h +0.167%

Price spread now: RISEx against HTX−0.076%7-day average +0.019% · 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−$38as in the Price arb table

costs, in and out, $10k−$290.287% of the position

Long on HTX Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.376%+$38 on $10k

Price spread, last 4 days (all we have)+0.196%+$20 · spread now −0.076%, 7d avg +0.019%

Together, before fees+0.573%+$57 on $10k · with fees, hour by hour

Funding pays, the price is against you. RISEx is 0.095% cheaper against HTX than usual: you would sell low and buy high (spread −0.076% now, against its 7-day average of +0.019%). If the spread goes back, that is −$10 on $10k: about 12 hours of funding at the current rate (+$19 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX DOGE-USDT	0.09978	0.0100	pay 0.0100% / 8h	7h 03m	$6.0M	$67.6M	75x
Short	RISEx DOGE/USDC	0.09970	0.0717	get 0.0090% / 1h	3m 17s	$404K	$450K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now −0.076%Rate

Funding earned: $129.61
Price spread: −0.076% → +0.019%: −$9.51
Slippage, 4 orders: −$10.72
Fee HTX: 6 bp × 2 orders: −$12
Fee RISEx: 3 bp × 2 orders: −$6
Net: $91.39
Costs to cover: 0.287%
Break-even: 2.1 days

Slippage from HTX: live order book, 1 min ago; RISEx: live order book, 30 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, 1 min ago	0.60 bp	7.3 bp −$7	13.7 bp −$137	31.7 bp −$3,167	doesn't fit
Sell RISEx live order book, 30 min ago	3.56 bp	6.6 bp −$7	15.5 bp −$155	doesn't fit	doesn't fit

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
Kraken Futures PF_DOGEUSD	−0.0096%	1h	0.09968	−0.098%	$5.4M	$40.7M	50x	as long as short
Bitget DOGEUSDT	−0.0021%	8h	0.09958	−0.196%	$140.7M	$347.9M	75x	as long as short
Kalshi KXDOGEPERP	0.0000%	8h	0.09961	−0.167%	$515K	$6.6M	2.8x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S 0.0000%	1h	0.09962	−0.153%	$33K	—	150x	as long as short
Deribit DOGE_USDC-PERPETUAL	+0.0031%	1h	0.09966	−0.120%	$558K	$301K	25x	as long as short
Injective DOGE/USDC PERP	+0.0033%	1h	0.1053	+5.536%	$6K	$242K	12x	as long as short
Gate DOGE_USDT	+0.0067%	8h	0.09959	−0.186%	$252.6M	$157.2M	75x	as long as short
Phoenix DOGE	+0.0081%	1h	0.09963	−0.146%	$18K	$386K	10x	as long as short
Lighter DOGE	+0.0096%	1h	0.09973	−0.047%	$828K	$6.8M	15x	as long as short
Katana Perps DOGE-USD	+0.0100%	8h	0.09964	−0.136%	$832	$544K	10x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado DOGE-PERP	+0.0100%	1h	0.09960	−0.171%	$516K	$1.1M	10x	as long as short
Hyperliquid DOGE	+0.0100%	1h	0.09972	−0.053%	$124.4M	$113.5M	10x	as long as short
Aster DOGEUSDT	+0.0100%	8h	0.09964	−0.140%	$5.0M	$58.7M	75x	as long as short
Pacifica DOGE	+0.0100%	1h	0.09967	−0.110%	$324K	$474K	20x	as long as short
Binance DOGEUSDT	+0.0100%	8h	0.09963	−0.145%	$328.9M	$1.69B	75x	as long as short
Bybit DOGEUSDT	+0.0100%	8h	0.09960	−0.176%	$166.4M	$520.5M	75x	as long as short
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.09960	−0.176%	$116.9M	$1.18B	50x	as long as short
Arcus DOGE-USD	+0.0100%	1h	0.09967	−0.106%	$17K	$307K	10x	as long as short
Bulk DOGE-USD	+0.0100%	1h	0.09946	−0.322%	$380K	$2K	10x	as long as short
MEXC DOGE_USDT	+0.0100%	8h	0.09963	−0.146%	$114.3M	$266.2M	300x	as long as short
KuCoin DOGEUSDTM	+0.0100%	8h	0.09964	−0.136%	$66.4M	$49.2M	75x	as long as short
BingX DOGE-USDC	+0.0100%	8h	0.09959	−0.186%	—	$3.5M	—	as long as short
Backpack DOGE_USDC_PERP	+0.0100%	1h	0.09966	−0.116%	$307K	$1.3M	15x	as long as short
Variational Omni DOGE	+0.0100%	8h	0.09962	−0.158%	$1.1M	$8.3M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.09957	−0.210%	$264K	$138.6M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.09957	−0.208%	$627K	$4.0M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.09950	−0.277%	$142K	$346K	25x	as long as short
Polymarket Perps DOGE-USD	+0.0100%	1h	0.09957	−0.201%	$259K	$1.2M	10x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.09962	−0.156%	$72K	$451K	50x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.09963	−0.147%	$35K	$2.2M	30x	as long as short
SoDEX DOGE-USD	+0.0100%	1h	0.09965	−0.126%	$2K	$5.5M	10x	as long as short
HTX DOGE-USDTlong	+0.0100%	8h	0.09978	long leg	$6.0M	$67.6M	75x
Phemex DOGEUSDT	+0.0100%	8h	0.09964	−0.136%	$91.0M	$16.2M	50x	as long as short
Paradex DOGE-USD-PERP	+0.0100%	8h	0.09965	−0.131%	$18K	$5K	30x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.09959	−0.187%	$483K	$4.0M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.09963	−0.148%	$19K	—	3x	as long as short
Reya DOGERUSDPERP	+0.0203%	1h	0.09959	−0.184%	$2K	—	20x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0208%	1h	0.09970	−0.076%	$2.2M	$35.4M	50x	as long as short
01 Exchange DOGEUSD	+0.0216%	1h	0.09970	−0.078%	$459	$4K	10x	as long as short
BloFin DOGE-USDT	+0.0220%	8h	0.09970	−0.076%	$15.5M	$27.0M	75x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0235% / S −0.0304%	1h	0.09966	−0.119%	$360K	—	200x	as long as short
dYdX DOGE-USD	+0.0350%	1h	0.09965	−0.123%	$234K	$72K	10x	as long as short
RISEx DOGE/USDCshort	+0.0717%	1h	0.09970	−0.076%	$404K	$450K	10x