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

DOGE

all DOGE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0204%/8h= +22.3% APRnext payment +$0.26 per $10,000 · paid last 24h +0.028%
Price spread now: Coinbase International against Nado+0.097%7-day average +0.045% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$33as in the Price arb table
costs, in and out, $10k−$380.379% of the position
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.018%+$2 on $10k
Price spread, last 4 days (all we have)−0.117%−$12 · spread now +0.097%, 7d avg +0.045%
Together, before fees−0.100%+ Points / potential airdropNado: Active · farm board−$10 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Coinbase International is 0.052% dearer against Nado than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.045%.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.018% in total (about 1.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.26 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongNado DOGE-PERP0.10280.0100pay 0.0012% / 1h56m 55s$544K$1.0M10x
ShortCoinbase International DOGE-PERP-INTX0.10290.0304get 0.0038% / 1h56m 55s$2.1M$29.3M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International against Nado. 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
$42.84
Price spread: +0.097% → +0.045%
$5.2
Slippage, 4 orders
−$20.89
Fee Nado: 3.5 bp × 2 orders
−$7
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
$10.16
Costs to cover
0.379%
Break-even
5.3 days
Slippage from Nado: live order book, 2 min ago; Coinbase International: live order book, 2 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 Nado live order book, 2 min ago0.98 bp8.4 bp −$822.5 bp −$225doesn't fitdoesn't fit
Sell Coinbase International live order book, 2 min ago1.96 bp9.5 bp −$919.7 bp −$19767.5 bp −$6,750doesn't fit

DOGE on 44 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−0.0019%8h0.1030+0.156%$154.8M$281.8M75xas long as short
dYdX DOGE-USD0.0000%1h0.1027−0.154%$230K$48K10xas long as short
gTrade (Gains Network) DOGE/USDL +0.0001% / S 0.0000%1h0.1028−0.024%$24K150xas long as short
Lighter DOGE+0.0096%1h0.1030+0.150%$763K$6.2M15xas long as short
Katana Perps DOGE-USD+0.0100%8h0.1027−0.078%$1K$475K10xas long as short
Nado DOGE-PERPlong+0.0100%1h0.1028long leg$544K$1.0M10x
Aster DOGEUSDT+0.0100%8h0.1029+0.125%$4.8M$51.3M75xas long as short
Pacifica DOGE+0.0100%1h0.1027−0.125%$338K$491K20xas long as short
Binance DOGEUSDT+0.0100%8h0.1030+0.216%$340.2M$1.51B75xas long as short
Bybit DOGEUSDT+0.0100%8h0.1031+0.253%$171.7M$460.4M75xas long as short
Show all 44 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX DOGE-USDT-SWAP+0.0100%8h0.1031+0.224%$117.9M$1.08B50xas long as short
Bulk DOGE-USD+0.0100%1h0.1005−2.276%$386K$85910xas long as short
Gate DOGE_USDT+0.0100%8h0.1029+0.088%$254.4M$135.9M75xas long as short
MEXC DOGE_USDT+0.0100%8h0.1030+0.195%$115.6M$236.9M300xas long as short
KuCoin DOGEUSDTM+0.0100%8h0.1030+0.175%$68.6M$44.8M75xas long as short
BingX DOGE-USDC+0.0100%8h0.1029+0.039%$3.5Mas long as short
Backpack DOGE_USDC_PERP+0.0100%1h0.1029+0.068%$324K$1.2M15xas long as short
Variational Omni DOGE+0.0100%8h0.1019−0.927%$1.1M$8.2Mas long as short
edgeX DOGEUSDC+0.0100%4h0.1020−0.758%$313K$132.6M20xas long as short
GRVT DOGE_USDT_Perp+0.0100%8h0.1019−0.860%$646K$4.5M10xas long as short
ApeX Omni DOGEUSDT+0.0100%1h0.1021−0.700%$149K$293K25xas long as short
Polymarket Perps DOGE-USD+0.0100%1h0.1027−0.068%$265K$881K10xas long as short
Orderly PERP_DOGE_USDC+0.0100%8h0.1028+0.029%$72K$440K50xas long as short
Derive DOGE-PERP+0.0100%1h0.1028−0.030%$25K$1K10xas long as short
SunX DOGE-USDT+0.0100%8h0.1029+0.114%$37K$2.2M30xas long as short
SoDEX DOGE-USD+0.0100%1h0.1029+0.088%$2K$4.2M10xas long as short
HTX DOGE-USDT+0.0100%8h0.1029+0.099%$6.2M$60.4M75xas long as short
Phemex DOGEUSDT+0.0100%8h0.1029+0.088%$94.6M$17.0M50xas long as short
Paradex DOGE-USD-PERP+0.0101%8h0.1028−0.030%$18K$7K30xas long as short
Extended DOGE-USD+0.0104%1h0.1030+0.162%$501K$4.1M50xas long as short
Aevo DOGE-PERP+0.0104%1h0.1028+0.013%$20K3xas long as short
Kalshi KXDOGEPERP+0.0164%8h0.1027−0.087%$518K$5.6M2.8xas long as short
Reya DOGERUSDPERP+0.0191%1h0.1028−0.051%$2K20xas long as short
01 Exchange DOGEUSD+0.0208%1h0.1028+0.006%$548$4K10xas long as short
BloFin DOGE-USDT+0.0220%8h0.1029+0.058%$16.3M$26.4M75xas long as short
Phoenix DOGE+0.0242%1h0.1022−0.582%$66K$292K10xas long as short
Kraken Futures PF_DOGEUSD+0.0244%1h0.1029+0.114%$5.8M$36.1M50xas long as short
Deribit DOGE_USDC-PERPETUAL+0.0246%1h0.1028+0.010%$615K$119K25xas long as short
GMX DOGE/USD [ETH-USDC]L +0.0258% / S −0.0292%1h0.1028−0.024%$338K200xas long as short
Coinbase International DOGE-PERP-INTXshort+0.0304%1h0.1029+0.097%$2.1M$29.3M50x
Hyperliquid DOGE+0.0538%1h0.1030+0.204%$126.2M$103.5M10xas long as short
Arcus DOGE-USD+0.0634%1h0.1029+0.107%$112K$199K10xas long as short
RISEx DOGE/USDC+0.0728%1h0.1029+0.051%$417K$421K10xas long as short
Injective DOGE/USDC PERP+0.1062%1h0.1030+0.175%$6K$239K12xas long as short