Settings8H · net · $10k
Funding arb · Price arb /

DOGE

all DOGE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC+0.0034%/8h= +3.7% APRnext payment +$0.04 per $10,000 · paid last 24h −0.031%
Price spread now: ApeX Omni against Kraken Futures+0.193%7-day average +0.021% · you sell dearer than you buy
Net, funding: paid 7d − costs−$56as in the Funding arb table
Net, price: spread back to 7d avg − costs−$38as in the Price arb table
costs, in and out, $10k−$560.556% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.002%$0 on $10k
Price spread, last 3 days (all we have)−0.150%−$15 · spread now +0.193%, 7d avg +0.021%
Together, before fees−0.152%−$15 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and ApeX Omni is 0.172% dearer against Kraken Futures than usual: you sell high and buy low: +$17 more if the spread goes back to its 7-day average of +0.021%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKraken Futures PF_DOGEUSD0.099810.0066pay 0.0008% / 1h0m 52s$5.8M$34.7M50x
ShortApeX Omni DOGEUSDT0.10000.0100get 0.0013% / 1h0m 52s$146K$272K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against Kraken Futures. 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

Funding earned
$7.06
Price spread: +0.193% → +0.021%
$17.15
Slippage, 4 orders
−$35.61
Fee Kraken Futures: 5 bp × 2 orders
−$10
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$31.39
Costs to cover
0.556%
Break-even
38.1 days
Slippage from Kraken Futures: live order book, 3 min ago; ApeX Omni: live order book, 66 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Kraken Futures live order book, 3 min ago1.50 bp11.3 bp −$1114.9 bp −$14935.4 bp −$3,541doesn't fit
Sell ApeX Omni live order book, 66 min ago4.96 bp11.1 bp −$1151.0 bp −$510doesn't fitdoesn't fit

DOGE on 43 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget DOGEUSDT−0.0094%8h0.09978−0.028%$151.1M$272.9M75xas long as short
Kalshi KXDOGEPERP0.0000%8h0.09978−0.027%$394K$5.0M2.8xas long as short
gTrade (Gains Network) DOGE/USDL +0.0001% / S 0.0000%1h0.09975−0.059%$23K150xas long as short
dYdX DOGE-USD+0.0010%1h0.09973−0.075%$224K$49K10xas long as short
Kraken Futures PF_DOGEUSDlong+0.0066%1h0.09981long leg$5.8M$34.7M50x
Lighter DOGE+0.0096%1h0.09990+0.089%$822K$6.1M15xas long as short
Katana Perps DOGE-USD+0.0099%8h0.09969−0.118%$833$429K10xas long as short
Nado DOGE-PERP+0.0100%1h0.09971−0.093%$532K$988K10xas long as short
Aster DOGEUSDT+0.0100%8h0.09980−0.005%$4.6M$48.1M75xas long as short
Pacifica DOGE+0.0100%1h0.09980−0.006%$328K$503K20xas long as short
Show all 43 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance DOGEUSDT+0.0100%8h0.09988+0.068%$318.0M$1.43B75xas long as short
Bybit DOGEUSDT+0.0100%8h0.09988+0.073%$159.4M$436.3M75xas long as short
OKX DOGE-USDT-SWAP+0.0100%8h0.09990+0.093%$110.9M$982.5M50xas long as short
Arcus DOGE-USD+0.0100%1h0.09984+0.032%$128K$178K10xas long as short
Bulk DOGE-USD+0.0100%1h0.1002+0.351%$384K$5K10xas long as short
Gate DOGE_USDT+0.0100%8h0.09981+0.002%$242.2M$133.7M75xas long as short
MEXC DOGE_USDT+0.0100%8h0.09985+0.042%$113.7M$232.4M300xas long as short
KuCoin DOGEUSDTM+0.0100%8h0.09979−0.018%$66.0M$43.1M75xas long as short
BingX DOGE-USDC+0.0100%8h0.09982+0.012%$3.5Mas long as short
Backpack DOGE_USDC_PERP+0.0100%1h0.09978−0.028%$335K$1.1M15xas long as short
Variational Omni DOGE+0.0100%8h0.09973−0.080%$995K$8.2Mas long as short
edgeX DOGEUSDC+0.0100%4h0.10000+0.192%$294K$129.5M20xas long as short
GRVT DOGE_USDT_Perp+0.0100%8h0.09982+0.008%$627K$4.4M10xas long as short
ApeX Omni DOGEUSDTshort+0.0100%1h0.1000+0.193%$146K$272K25x
Polymarket Perps DOGE-USD+0.0100%1h0.09967−0.135%$256K$683K10xas long as short
Orderly PERP_DOGE_USDC+0.0100%8h0.09975−0.058%$70K$440K50xas long as short
Derive DOGE-PERP+0.0100%1h0.09972−0.087%$24K$1K10xas long as short
SunX DOGE-USDT+0.0100%8h0.09981−0.003%$35K$2.2M30xas long as short
SoDEX DOGE-USD+0.0100%1h0.09981+0.002%$2K$3.8M10xas long as short
HTX DOGE-USDT+0.0100%8h0.09972−0.090%$5.9M$55.4M75xas long as short
Phemex DOGEUSDT+0.0100%8h0.09981+0.002%$91.9M$16.9M50xas long as short
Extended DOGE-USD+0.0104%1h0.09986+0.054%$560K$4.0M50xas long as short
Aevo DOGE-PERP+0.0104%1h0.09975−0.054%$19K3xas long as short
Paradex DOGE-USD-PERP+0.0106%8h0.09977−0.037%$18K$6K30xas long as short
Deribit DOGE_USDC-PERPETUAL+0.0141%1h0.09983+0.020%$596K$118K25xas long as short
Reya DOGERUSDPERP+0.0185%1h0.09974−0.065%$2K20xas long as short
01 Exchange DOGEUSD+0.0216%1h0.09975−0.055%$532$4K10xas long as short
Coinbase International DOGE-PERP-INTX+0.0240%1h0.09984+0.032%$2.3M$25.8M50xas long as short
Phoenix DOGE+0.0241%1h0.1000+0.196%$65K$284K10xas long as short
GMX DOGE/USD [ETH-USDC]L +0.0245% / S −0.0267%1h0.09974−0.065%$310K200xas long as short
RISEx DOGE/USDC+0.0563%1h0.09977−0.038%$402K$367K10xas long as short
Hyperliquid DOGE+0.0673%1h0.09990+0.089%$121.4M$99.3M10xas long as short
Injective DOGE/USDC PERP+0.1004%1h0.1006+0.794%$5K$239K12xas long as short