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 −0.020%

Price spread now: GRVT against Nado+0.242%7-day average −0.012% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$7as in the Price arb table

costs, in and out, $10k−$320.320% of the position

Long on Nado Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.016%−$2 on $10k

Price spread, last 3 days (all we have)−0.292%−$29 · spread now +0.242%, 7d avg −0.012%

Together, before fees−0.308%+ Points / potential airdropNado: Active · GRVT: Active · farm board−$31 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: GRVT is 0.254% dearer against Nado than usual: you sell high and buy low, +$25 on $10k if it goes back to its 7-day average of −0.012%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado DOGE-PERP	0.1012	0.0100	pay 0.0012% / 1h	12m 34s	$518K	$973K	10x
Short	GRVT DOGE_USDT_Perp	0.1015	0.0100	get 0.0100% / 8h	7h 12m	$639K	$4.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now +0.242%Rate

Funding earned: $0
Price spread: +0.242% → −0.012%: $25.36
Slippage, 4 orders: −$16.04
Fee Nado: 3.5 bp × 2 orders: −$7
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$6.68
Costs to cover: 0.320%
Break-even: 686234618880760.6 days

Slippage from Nado: live order book, 61 min ago; GRVT: live order book, 1 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, 61 min ago	1.51 bp	8.2 bp −$8	17.4 bp −$174	doesn't fit	doesn't fit
Sell GRVT live order book, 1 min ago	0.99 bp	7.4 bp −$7	11.2 bp −$112	43.0 bp −$4,301	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	−0.0169%	8h	0.1009	−0.301%	$153.3M	$271.6M	75x	as long as short
Kraken Futures PF_DOGEUSD	−0.0077%	1h	0.1009	−0.301%	$6.1M	$33.9M	50x	as long as short
Kalshi KXDOGEPERP	0.0000%	8h	0.1016	+0.356%	$396K	$4.9M	2.8x	as long as short
Deribit DOGE_USDC-PERPETUAL	0.0000%	1h	0.1012	−0.046%	$608K	$120K	25x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S 0.0000%	1h	0.1012	−0.060%	$24K	—	150x	as long as short
dYdX DOGE-USD	+0.0012%	1h	0.1009	−0.265%	$227K	$44K	10x	as long as short
Lighter DOGE	+0.0096%	1h	0.1011	−0.120%	$799K	$5.9M	15x	as long as short
Katana Perps DOGE-USD	+0.0100%	8h	0.1010	−0.232%	$2K	$419K	10x	as long as short
Nado DOGE-PERPlong	+0.0100%	1h	0.1012	long leg	$518K	$973K	10x
Aster DOGEUSDT	+0.0100%	8h	0.1010	−0.245%	$5.1M	$46.6M	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	−0.217%	$337K	$511K	20x	as long as short
Binance DOGEUSDT	+0.0100%	8h	0.1010	−0.259%	$321.1M	$1.40B	75x	as long as short
Bybit DOGEUSDT	+0.0100%	8h	0.1010	−0.242%	$161.0M	$439.2M	75x	as long as short
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.1010	−0.222%	$111.5M	$974.2M	50x	as long as short
Arcus DOGE-USD	+0.0100%	1h	0.1010	−0.173%	$28K	$74K	10x	as long as short
Bulk DOGE-USD	+0.0100%	1h	0.1003	−0.885%	$384K	$5K	10x	as long as short
Gate DOGE_USDT	+0.0100%	8h	0.1010	−0.252%	$245.6M	$131.1M	75x	as long as short
MEXC DOGE_USDT	+0.0100%	8h	0.1010	−0.203%	$113.3M	$226.0M	300x	as long as short
KuCoin DOGEUSDTM	+0.0100%	8h	0.1010	−0.212%	$66.2M	$42.3M	75x	as long as short
BingX DOGE-USDT	+0.0100%	8h	0.1010	−0.212%	—	$76.2M	—	as long as short
Backpack DOGE_USDC_PERP	+0.0100%	1h	0.1008	−0.361%	$366K	$1.1M	15x	as long as short
Variational Omni DOGE	+0.0100%	8h	0.1010	−0.174%	$994K	$8.1M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.1014	+0.169%	$271K	$125.1M	20x	as long as short
GRVT DOGE_USDT_Perpshort	+0.0100%	8h	0.1015	+0.242%	$639K	$4.5M	10x
ApeX Omni DOGEUSDT	+0.0100%	1h	0.1015	+0.282%	$149K	$270K	25x	as long as short
Polymarket Perps DOGE-USD	+0.0100%	1h	0.1011	−0.094%	$269K	$634K	10x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.1012	−0.064%	$74K	$426K	50x	as long as short
Derive DOGE-PERP	+0.0100%	1h	0.1012	−0.060%	$25K	$1K	10x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.1012	−0.028%	$36K	$2.2M	30x	as long as short
SoDEX DOGE-USD	+0.0100%	1h	0.1011	−0.163%	$2K	$3.8M	10x	as long as short
HTX DOGE-USDT	+0.0100%	8h	0.1010	−0.174%	$6.0M	$52.8M	75x	as long as short
Phemex DOGEUSDT	+0.0100%	8h	0.1009	−0.301%	$93.1M	$17.9M	50x	as long as short
Paradex DOGE-USD-PERP	+0.0100%	8h	0.1010	−0.259%	$18K	$5K	30x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.1010	−0.230%	$534K	$3.9M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.1012	−0.054%	$19K	—	3x	as long as short
01 Exchange DOGEUSD	+0.0176%	1h	0.1010	−0.208%	$533	$4K	10x	as long as short
Reya DOGERUSDPERP	+0.0182%	1h	0.1011	−0.076%	$2K	—	20x	as long as short
BloFin DOGE-USDT	+0.0220%	8h	0.1008	−0.390%	$15.4M	$25.7M	75x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0240%	1h	0.1009	−0.272%	$2.0M	$25.2M	50x	as long as short
Phoenix DOGE	+0.0240%	1h	0.1011	−0.108%	$66K	$283K	10x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0247% / S −0.0272%	1h	0.1011	−0.089%	$318K	—	200x	as long as short
RISEx DOGE/USDC	+0.0701%	1h	0.1010	−0.173%	$326K	$404K	10x	as long as short
Hyperliquid DOGE	+0.0789%	1h	0.1012	−0.054%	$123.4M	$95.6M	10x	as long as short
Injective DOGE/USDC PERP	+0.0973%	1h	0.1018	+0.578%	$5K	$239K	12x	as long as short