Funding arb · Price arb /

DOGE

all DOGE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.1285%/8h= −140.7% APRpaid last 24h −0.195%

Price spread now: Bitget against Injective−0.350%7-day average −0.224% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Injective Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−1.548%−$155 on $10k

Price spread, last 3 days (all we have)+0.384%+$38 · spread now −0.350%, 7d avg −0.224%

Together, before fees−1.165%−$116 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$39 a day on $10k at the current rate, and Bitget is 0.126% cheaper against Injective than usual: you would sell low and buy high (−$13 if the spread goes back to its 7-day average of −0.224%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective DOGE/USDC PERP	0.1001	0.1013	pay 0.0127% / 1h	57m 12s	$5K	$153K	12x
Short	Bitget DOGEUSDT	0.09975	−0.0272	pay 0.0272% / 8h	2h 57m	$153.4M	$259.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Injective. 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 InjectivebpFee BitgetbpOrdersPrice spread, now −0.350%Rate

Funding earned: −$269.83
Price spread: −0.350% → −0.224%: −$12.56
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$294.41
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Injective: live order book, 31 min ago; Bitget: live order book, 2 min ago. Net counts fees only.

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 Injective live order book, 31 min ago	35.12 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 2 min ago	0.50 bp	8.0 bp −$8	10.3 bp −$103	21.7 bp −$2,173	31.4 bp −$15.7K

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 DOGEUSDTshort	−0.0272%	8h	0.09975	−0.350%	$153.4M	$259.2M	75x
Kalshi KXDOGEPERP	0.0000%	8h	0.09982	−0.279%	$338K	$4.3M	2.8x	as long as short
Deribit DOGE_USDC-PERPETUAL	0.0000%	1h	0.09984	−0.260%	$624K	$89K	25x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S −0.0001%	1h	0.09979	−0.314%	$33K	—	150x	as long as short
01 Exchange DOGEUSD	+0.0064%	1h	0.09984	−0.259%	$527	$4K	10x	as long as short
Gate DOGE_USDT	+0.0070%	8h	0.09975	−0.350%	$237.3M	$117.5M	75x	as long as short
Phoenix DOGE	+0.0081%	1h	0.09994	−0.157%	$17K	$225K	10x	as long as short
Katana Perps DOGE-USD	+0.0094%	8h	0.09984	−0.260%	$854	$328K	10x	as long as short
Lighter DOGE	+0.0096%	1h	0.09992	−0.180%	$814K	$5.0M	15x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.09979	−0.305%	$712K	$656K	10x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster DOGEUSDT	+0.0100%	8h	0.09983	−0.270%	$4.9M	$40.2M	75x	as long as short
Pacifica DOGE	+0.0100%	1h	0.09979	−0.306%	$342K	$524K	20x	as long as short
Binance DOGEUSDT	+0.0100%	8h	0.09986	−0.239%	$320.4M	$1.25B	75x	as long as short
Bybit DOGEUSDT	+0.0100%	8h	0.09986	−0.240%	$156.6M	$394.3M	75x	as long as short
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.09988	−0.220%	$108.6M	$890.8M	50x	as long as short
Arcus DOGE-USD	+0.0100%	1h	0.09985	−0.250%	$28K	$76K	10x	as long as short
Bulk DOGE-USD	+0.0100%	1h	0.1002	+0.100%	$384K	$19K	10x	as long as short
MEXC DOGE_USDT	+0.0100%	8h	0.09988	−0.220%	$113.6M	$201.0M	300x	as long as short
KuCoin DOGEUSDTM	+0.0100%	8h	0.09987	−0.230%	$65.9M	$38.8M	75x	as long as short
BingX DOGE-USDT	+0.0100%	8h	0.09986	−0.240%	—	$73.1M	—	as long as short
Backpack DOGE_USDC_PERP	+0.0100%	1h	0.09991	−0.190%	$526K	$804K	15x	as long as short
Variational Omni DOGE	+0.0100%	8h	0.1004	+0.276%	$1.1M	$7.6M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.1002	+0.076%	$266K	$109.4M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.1002	+0.061%	$631K	$4.7M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.1001	0.000%	$143K	$221K	25x	as long as short
Polymarket Perps DOGE-USD	+0.0100%	1h	0.09980	−0.299%	$278K	$551K	10x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.09982	−0.280%	$73K	$359K	50x	as long as short
Derive DOGE-PERP	+0.0100%	1h	0.09982	−0.276%	$24K	$1K	10x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.09983	−0.268%	$35K	$2.2M	30x	as long as short
SoDEX DOGE-USD	+0.0100%	1h	0.09982	−0.280%	$2K	$3.3M	10x	as long as short
HTX DOGE-USDT	+0.0100%	8h	0.09989	−0.212%	$6.0M	$45.9M	75x	as long as short
Phemex DOGEUSDT	+0.0100%	8h	0.09985	−0.250%	$92.7M	$18.9M	50x	as long as short
Paradex DOGE-USD-PERP	+0.0100%	8h	0.09972	−0.384%	$19K	$3K	30x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.09980	−0.296%	$541K	$3.5M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.09983	−0.269%	$19K	—	3x	as long as short
Reya DOGERUSDPERP	+0.0173%	1h	0.09981	−0.289%	$2K	—	20x	as long as short
BloFin DOGE-USDT	+0.0220%	8h	0.09983	−0.270%	$15.4M	$23.9M	75x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0224%	1h	0.09982	−0.280%	$2.0M	$22.2M	50x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0243% / S −0.0212%	1h	0.09978	−0.317%	$337K	—	200x	as long as short
dYdX DOGE-USD	+0.0248%	1h	0.09971	−0.390%	$224K	$44K	10x	as long as short
Kraken Futures PF_DOGEUSD	+0.0286%	1h	0.09987	−0.234%	$6.9M	$30.4M	50x	as long as short
RISEx DOGE/USDC	+0.0536%	1h	0.09986	−0.238%	$314K	$485K	10x	as long as short
Hyperliquid DOGE	+0.0697%	1h	0.1000	−0.090%	$115.8M	$74.2M	10x	as long as short
Injective DOGE/USDC PERPlong	+0.1013%	1h	0.1001	long leg	$5K	$153K	12x