Funding arb · Price arb /

DOGE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: OKX against Nado−0.075%7-day average −0.002% · 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−$36as in the Price arb table

costs, in and out, $10k−$290.288% of the position

Long on Nado Short on OKX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.007%−$1 on $10k

Price spread, last 4 days (all we have)−0.268%−$27 · spread now −0.075%, 7d avg −0.002%

Together, before fees−0.275%+ Points / potential airdropNado: Active · farm board−$28 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: OKX is 0.073% 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 −0.002%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado DOGE-PERP	0.09989	0.0100	pay 0.0012% / 1h	32m 09s	$532K	$993K	10x
Short	OKX DOGE-USDT-SWAP	0.09981	0.0100	get 0.0100% / 8h	5h 32m	$111.6M	$989.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.075%Rate

Funding earned: $0
Price spread: −0.075% → −0.002%: −$7.26
Slippage, 4 orders: −$11.84
Fee Nado: 3.5 bp × 2 orders: −$7
Fee OKX: 5 bp × 2 orders: −$10
Net: −$36.1
Costs to cover: 0.288%
Break-even: 361882665146043.3 days

Slippage from Nado: live order book, 31 min ago; OKX: 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, 31 min ago	1.50 bp	7.7 bp −$8	18.5 bp −$185	doesn't fit	doesn't fit
Sell OKX live order book, 2 min ago	0.50 bp	5.9 bp −$6	8.4 bp −$84	18.7 bp −$1,865	40.3 bp −$20.1K

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	−0.0090%	8h	0.09973	−0.155%	$151.0M	$273.9M	75x	as long as short
dYdX DOGE-USD	0.0000%	1h	0.09980	−0.089%	$224K	$49K	10x	as long as short
Kalshi KXDOGEPERP	0.0000%	8h	0.09987	−0.018%	$444K	$5.1M	2.8x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S 0.0000%	1h	0.09985	−0.038%	$24K	—	150x	as long as short
Deribit DOGE_USDC-PERPETUAL	+0.0021%	1h	0.09980	−0.082%	$596K	$118K	25x	as long as short
Lighter DOGE	+0.0096%	1h	0.09985	−0.035%	$783K	$6.2M	15x	as long as short
Katana Perps DOGE-USD	+0.0099%	8h	0.09985	−0.035%	$3K	$441K	10x	as long as short
Nado DOGE-PERPlong	+0.0100%	1h	0.09989	long leg	$532K	$993K	10x
Aster DOGEUSDT	+0.0100%	8h	0.09981	−0.076%	$4.7M	$48.7M	75x	as long as short
Pacifica DOGE	+0.0100%	1h	0.09990	+0.012%	$328K	$483K	20x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance DOGEUSDT	+0.0100%	8h	0.09985	−0.035%	$319.6M	$1.44B	75x	as long as short
Bybit DOGEUSDT	+0.0100%	8h	0.09989	+0.005%	$161.0M	$441.3M	75x	as long as short
OKX DOGE-USDT-SWAPshort	+0.0100%	8h	0.09981	−0.075%	$111.6M	$989.1M	50x
Bulk DOGE-USD	+0.0100%	1h	0.09985	−0.037%	$383K	$2K	10x	as long as short
Gate DOGE_USDT	+0.0100%	8h	0.09976	−0.125%	$242.8M	$132.4M	75x	as long as short
MEXC DOGE_USDT	+0.0100%	8h	0.09979	−0.095%	$111.8M	$230.4M	300x	as long as short
KuCoin DOGEUSDTM	+0.0100%	8h	0.09980	−0.085%	$66.0M	$43.3M	75x	as long as short
BingX DOGE-USDC	+0.0100%	8h	0.09978	−0.105%	—	$3.5M	—	as long as short
Backpack DOGE_USDC_PERP	+0.0100%	1h	0.09978	−0.105%	$328K	$1.1M	15x	as long as short
Variational Omni DOGE	+0.0100%	8h	0.09987	−0.019%	$981K	$8.2M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.09984	−0.049%	$297K	$129.8M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.09992	+0.036%	$635K	$4.4M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.1000	+0.115%	$146K	$278K	25x	as long as short
Polymarket Perps DOGE-USD	+0.0100%	1h	0.09984	−0.049%	$255K	$734K	10x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.09981	−0.075%	$70K	$440K	50x	as long as short
Derive DOGE-PERP	+0.0100%	1h	0.09977	−0.111%	$24K	$1K	10x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.09993	+0.045%	$35K	$2.2M	30x	as long as short
SoDEX DOGE-USD	+0.0100%	1h	0.09981	−0.075%	$2K	$3.9M	10x	as long as short
HTX DOGE-USDT	+0.0100%	8h	0.09983	−0.051%	$5.9M	$56.6M	75x	as long as short
Phemex DOGEUSDT	+0.0100%	8h	0.09981	−0.075%	$91.9M	$16.6M	50x	as long as short
Paradex DOGE-USD-PERP	+0.0103%	8h	0.09986	−0.028%	$18K	$6K	30x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.09977	−0.118%	$510K	$4.1M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.09981	−0.079%	$19K	—	3x	as long as short
Reya DOGERUSDPERP	+0.0187%	1h	0.09984	−0.043%	$2K	—	20x	as long as short
01 Exchange DOGEUSD	+0.0208%	1h	0.09994	+0.052%	$533	$4K	10x	as long as short
BloFin DOGE-USDT	+0.0220%	8h	0.09982	−0.065%	$15.7M	$25.1M	75x	as long as short
Phoenix DOGE	+0.0240%	1h	0.09961	−0.278%	$65K	$288K	10x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0246% / S −0.0267%	1h	0.09985	−0.031%	$311K	—	200x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0248%	1h	0.09993	+0.045%	$2.3M	$26.2M	50x	as long as short
Kraken Futures PF_DOGEUSD	+0.0306%	1h	0.09978	−0.106%	$5.7M	$35.1M	50x	as long as short
Hyperliquid DOGE	+0.0474%	1h	0.09996	+0.077%	$122.1M	$99.8M	10x	as long as short
RISEx DOGE/USDC	+0.0747%	1h	0.09995	+0.060%	$402K	$365K	10x	as long as short
Arcus DOGE-USD	+0.0781%	1h	0.1000	+0.125%	$129K	$179K	10x	as long as short
Injective DOGE/USDC PERP	+0.1072%	1h	0.09980	−0.085%	$5K	$239K	12x	as long as short