Funding arb · Price arb /

DOGE

all DOGE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: SoDEX against HTX−0.019%7-day average −0.031% · 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−$23as in the Price arb table

costs, in and out, $10k−$240.238% of the position

Long on HTX Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.009%−$1 on $10k

Price spread, last 4 days (all we have)+0.027%+$3 · spread now −0.019%, 7d avg −0.031%

Together, before fees+0.018%+$2 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX DOGE-USDT	0.09952	0.0100	pay 0.0100% / 8h	5h 33m	$5.9M	$56.5M	75x
Short	SoDEX DOGE-USD	0.09950	0.0100	get 0.0013% / 1h	33m 57s	$2K	$3.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.019%Rate

Funding earned: $0
Price spread: −0.019% → −0.031%: $1.21
Slippage, 4 orders: −$3.82
Fee HTX: 6 bp × 2 orders: −$12
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$22.61
Costs to cover: 0.238%
Break-even: never at this rate

Slippage from HTX: live order book, 5 min ago; SoDEX: 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	0.50 bp	7.5 bp −$7	10.7 bp −$107	51.3 bp −$5,135	doesn't fit
Sell SoDEX live order book, 5 min ago	0.50 bp	4.5 bp −$5	7.9 bp −$79	149.7 bp −$15.0K	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
Bitget DOGEUSDT	−0.0091%	8h	0.09951	−0.009%	$150.7M	$273.9M	75x	as long as short
dYdX DOGE-USD	0.0000%	1h	0.09951	−0.014%	$223K	$49K	10x	as long as short
Kalshi KXDOGEPERP	0.0000%	8h	0.09966	+0.137%	$444K	$5.1M	2.8x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S 0.0000%	1h	0.09945	−0.072%	$24K	—	150x	as long as short
Deribit DOGE_USDC-PERPETUAL	+0.0021%	1h	0.09950	−0.021%	$594K	$118K	25x	as long as short
Lighter DOGE	+0.0096%	1h	0.09960	+0.084%	$785K	$6.2M	15x	as long as short
Katana Perps DOGE-USD	+0.0099%	8h	0.09953	+0.011%	$3K	$441K	10x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.09952	+0.006%	$530K	$993K	10x	as long as short
Aster DOGEUSDT	+0.0100%	8h	0.09962	+0.099%	$4.7M	$48.7M	75x	as long as short
Pacifica DOGE	+0.0100%	1h	0.09957	+0.050%	$327K	$483K	20x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance DOGEUSDT	+0.0100%	8h	0.09955	+0.031%	$318.6M	$1.44B	75x	as long as short
Bybit DOGEUSDT	+0.0100%	8h	0.09955	+0.031%	$160.4M	$441.2M	75x	as long as short
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.09958	+0.061%	$111.2M	$986.7M	50x	as long as short
Bulk DOGE-USD	+0.0100%	1h	0.09985	+0.330%	$383K	$2K	10x	as long as short
Gate DOGE_USDT	+0.0100%	8h	0.09951	−0.009%	$242.8M	$132.3M	75x	as long as short
MEXC DOGE_USDT	+0.0100%	8h	0.09954	+0.021%	$111.7M	$230.3M	300x	as long as short
KuCoin DOGEUSDTM	+0.0100%	8h	0.09958	+0.061%	$65.9M	$43.3M	75x	as long as short
BingX DOGE-USDC	+0.0100%	8h	0.09961	+0.091%	—	$3.5M	—	as long as short
Backpack DOGE_USDC_PERP	+0.0100%	1h	0.09954	+0.021%	$328K	$1.1M	15x	as long as short
Variational Omni DOGE	+0.0100%	8h	0.09987	+0.348%	$981K	$8.2M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.09958	+0.057%	$296K	$129.7M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.09964	+0.126%	$634K	$4.4M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.09960	+0.081%	$145K	$278K	25x	as long as short
Polymarket Perps DOGE-USD	+0.0100%	1h	0.09947	−0.052%	$254K	$734K	10x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.09950	−0.019%	$70K	$440K	50x	as long as short
Derive DOGE-PERP	+0.0100%	1h	0.09947	−0.047%	$24K	$1K	10x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.09952	−0.001%	$35K	$2.2M	30x	as long as short
SoDEX DOGE-USDshort	+0.0100%	1h	0.09950	−0.019%	$2K	$3.9M	10x
HTX DOGE-USDTlong	+0.0100%	8h	0.09952	long leg	$5.9M	$56.5M	75x
Phemex DOGEUSDT	+0.0100%	8h	0.09961	+0.091%	$91.7M	$16.7M	50x	as long as short
Paradex DOGE-USD-PERP	+0.0103%	8h	0.09960	+0.082%	$18K	$6K	30x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.09954	+0.023%	$519K	$4.0M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.09949	−0.034%	$19K	—	3x	as long as short
Reya DOGERUSDPERP	+0.0186%	1h	0.09948	−0.043%	$2K	—	20x	as long as short
01 Exchange DOGEUSD	+0.0208%	1h	0.09961	+0.092%	$531	$4K	10x	as long as short
BloFin DOGE-USDT	+0.0220%	8h	0.1000	+0.493%	$15.7M	$25.2M	75x	as long as short
Phoenix DOGE	+0.0240%	1h	0.09992	+0.408%	$65K	$288K	10x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0245% / S −0.0267%	1h	0.09945	−0.067%	$310K	—	200x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0248%	1h	0.09957	+0.051%	$2.3M	$26.1M	50x	as long as short
Kraken Futures PF_DOGEUSD	+0.0307%	1h	0.09953	+0.012%	$5.7M	$35.1M	50x	as long as short
Hyperliquid DOGE	+0.0456%	1h	0.09970	+0.179%	$121.7M	$99.7M	10x	as long as short
RISEx DOGE/USDC	+0.0747%	1h	0.09963	+0.107%	$401K	$365K	10x	as long as short
Arcus DOGE-USD	+0.0781%	1h	0.09972	+0.202%	$128K	$179K	10x	as long as short
Injective DOGE/USDC PERP	+0.1072%	1h	0.1002	+0.684%	$5K	$239K	12x	as long as short