Funding arb · Price arb /

DOGE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.005%

Price spread now: Gate against Nado−0.079%7-day average −0.014% · 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−$45as in the Price arb table

costs, in and out, $10k−$380.380% of the position

Long on Nado Short on Gate

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.021%−$2 on $10k

Price spread, last 3 days (all we have)−0.028%−$3 · spread now −0.079%, 7d avg −0.014%

Together, before fees−0.048%+ Points / potential airdropNado: Active · farm board−$5 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.065% cheaper against Nado than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of −0.014%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado DOGE-PERP	0.1011	0.0100	pay 0.0012% / 1h	16m 32s	$518K	$973K	10x
Short	Gate DOGE_USDT	0.1010	0.0100	get 0.0100% / 8h	7h 16m	$246.2M	$130.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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

Position, each leg$Hold fordaysFee NadobpFee GatebpOrdersPrice spread, now −0.079%Rate

Funding earned: $0
Price spread: −0.079% → −0.014%: −$6.52
Slippage, 4 orders: −$16.04
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$44.56
Costs to cover: 0.380%
Break-even: 446662405884525.8 days

Slippage from Nado: live order book, 57 min ago; Gate: live order book, 2 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 Nado live order book, 57 min ago	1.51 bp	8.2 bp −$8	17.4 bp −$174	doesn't fit	doesn't fit
Sell Gate live order book, 2 min ago	0.50 bp	11.8 bp −$12	17.3 bp −$173	31.9 bp −$3,189	55.4 bp −$27.7K

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 DOGEUSDT	−0.0171%	8h	0.1009	−0.129%	$153.5M	$271.4M	75x	as long as short
Kraken Futures PF_DOGEUSD	−0.0077%	1h	0.1008	−0.245%	$6.1M	$33.9M	50x	as long as short
Kalshi KXDOGEPERP	0.0000%	8h	0.1008	−0.223%	$418K	$4.8M	2.8x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S 0.0000%	1h	0.1007	−0.348%	$24K	—	150x	as long as short
dYdX DOGE-USD	+0.0013%	1h	0.1009	−0.143%	$227K	$44K	10x	as long as short
Deribit DOGE_USDC-PERPETUAL	+0.0018%	1h	0.1008	−0.262%	$606K	$121K	25x	as long as short
Lighter DOGE	+0.0096%	1h	0.1011	−0.009%	$789K	$5.8M	15x	as long as short
Katana Perps DOGE-USD	+0.0100%	8h	0.1010	−0.040%	$1K	$418K	10x	as long as short
Nado DOGE-PERPlong	+0.0100%	1h	0.1011	long leg	$518K	$973K	10x
Aster DOGEUSDT	+0.0100%	8h	0.1010	−0.105%	$5.0M	$46.5M	75x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica DOGE	+0.0100%	1h	0.1010	−0.061%	$337K	$511K	20x	as long as short
Binance DOGEUSDT	+0.0100%	8h	0.1011	−0.012%	$321.5M	$1.40B	75x	as long as short
Bybit DOGEUSDT	+0.0100%	8h	0.1011	0.000%	$160.3M	$438.5M	75x	as long as short
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.1011	+0.020%	$111.7M	$975.4M	50x	as long as short
Arcus DOGE-USD	+0.0100%	1h	0.1011	+0.010%	$28K	$82K	10x	as long as short
Bulk DOGE-USD	+0.0100%	1h	0.1003	−0.743%	$384K	$5K	10x	as long as short
Gate DOGE_USDTshort	+0.0100%	8h	0.1010	−0.079%	$246.2M	$130.3M	75x
MEXC DOGE_USDT	+0.0100%	8h	0.1010	−0.040%	$113.2M	$225.4M	300x	as long as short
KuCoin DOGEUSDTM	+0.0100%	8h	0.1010	−0.040%	$66.2M	$42.5M	75x	as long as short
BingX DOGE-USDC	+0.0100%	8h	0.1009	−0.139%	—	$3.4M	—	as long as short
Backpack DOGE_USDC_PERP	+0.0100%	1h	0.1009	−0.148%	$365K	$1.1M	15x	as long as short
Variational Omni DOGE	+0.0100%	8h	0.1004	−0.615%	$989K	$8.1M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.1005	−0.557%	$266K	$124.4M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.1005	−0.583%	$630K	$4.5M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.1004	−0.663%	$148K	$268K	25x	as long as short
Polymarket Perps DOGE-USD	+0.0100%	1h	0.1008	−0.267%	$268K	$635K	10x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.1008	−0.277%	$73K	$424K	50x	as long as short
Derive DOGE-PERP	+0.0100%	1h	0.1008	−0.288%	$25K	$1K	10x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.1008	−0.240%	$36K	$2.2M	30x	as long as short
SoDEX DOGE-USD	+0.0100%	1h	0.1008	−0.257%	$2K	$3.8M	10x	as long as short
HTX DOGE-USDT	+0.0100%	8h	0.1008	−0.272%	$6.0M	$52.8M	75x	as long as short
Phemex DOGEUSDT	+0.0100%	8h	0.1008	−0.218%	$93.1M	$17.6M	50x	as long as short
Paradex DOGE-USD-PERP	+0.0100%	8h	0.1010	−0.049%	$18K	$5K	30x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.1010	−0.085%	$531K	$3.9M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.1009	−0.213%	$19K	—	3x	as long as short
01 Exchange DOGEUSD	+0.0176%	1h	0.1011	+0.024%	$534	$4K	10x	as long as short
Reya DOGERUSDPERP	+0.0182%	1h	0.1007	−0.328%	$2K	—	20x	as long as short
BloFin DOGE-USDT	+0.0220%	8h	0.1008	−0.218%	$15.5M	$25.7M	75x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0240%	1h	0.1009	−0.198%	$2.0M	$25.1M	50x	as long as short
Phoenix DOGE	+0.0240%	1h	0.1008	−0.225%	$65K	$283K	10x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0247% / S −0.0272%	1h	0.1007	−0.373%	$316K	—	200x	as long as short
RISEx DOGE/USDC	+0.0701%	1h	0.1011	+0.001%	$327K	$404K	10x	as long as short
Hyperliquid DOGE	+0.0802%	1h	0.1011	−0.020%	$123.0M	$95.3M	10x	as long as short
Injective DOGE/USDC PERP	+0.0973%	1h	0.1007	−0.366%	$5K	$239K	12x	as long as short