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

DOGE

all DOGE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0140%/8h= +15.3% APRpaid last 24h +0.022%
Price spread now: Coinbase International against OKX+0.119%7-day average +0.038% · you sell dearer than you buy
Net, funding: paid 7d − costs−$37as in the Funding arb table
Net, price: spread back to 7d avg − costs−$25as in the Price arb table
costs, in and out, $10k−$330.332% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.042%−$4 on $10k
Price spread, last 3 days (all we have)−0.142%−$14 · spread now +0.119%, 7d avg +0.038%
Together, before fees−0.184%−$18 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Coinbase International is 0.081% dearer against OKX than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.038%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX DOGE-USDT-SWAP0.10080.0100pay 0.0100% / 8h7h 12m$111.4M$973.0M50x
ShortCoinbase International DOGE-PERP-INTX0.10100.0240get 0.0030% / 1h12m 20s$2.0M$25.2M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International against OKX. 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
$29.4
Price spread: +0.119% → +0.038%
$8.06
Slippage, 4 orders
−$13.19
Fee OKX: 5 bp × 2 orders
−$10
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
$4.27
Costs to cover
0.332%
Break-even
6.0 days
Slippage from OKX: 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 OKX live order book, 2 min ago0.49 bp6.5 bp −$710.0 bp −$10019.2 bp −$1,91546.9 bp −$23.5K
Sell Coinbase International live order book, 2 min ago2.46 bp10.3 bp −$1015.4 bp −$15444.3 bp −$4,430doesn'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−0.0169%8h0.1009+0.030%$153.2M$271.6M75xas long as short
Kraken Futures PF_DOGEUSD−0.0077%1h0.1010+0.122%$6.1M$33.9M50xas long as short
Kalshi KXDOGEPERP0.0000%8h0.1010+0.180%$394K$4.9M2.8xas long as short
Deribit DOGE_USDC-PERPETUAL0.0000%1h0.1009+0.100%$607K$119K25xas long as short
gTrade (Gains Network) DOGE/USDL +0.0001% / S 0.0000%1h0.1009+0.076%$23K150xas long as short
dYdX DOGE-USD+0.0012%1h0.1009+0.106%$227K$44K10xas long as short
Lighter DOGE+0.0096%1h0.1010+0.184%$798K$5.9M15xas long as short
Katana Perps DOGE-USD+0.0100%8h0.1010+0.139%$2K$419K10xas long as short
Nado DOGE-PERP+0.0100%1h0.1009+0.030%$517K$973K10xas long as short
Aster DOGEUSDT+0.0100%8h0.1009+0.041%$5.1M$46.6M75xas long as short
Show all 44 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica DOGE+0.0100%1h0.1010+0.154%$337K$511K20xas long as short
Binance DOGEUSDT+0.0100%8h0.1009+0.075%$321.0M$1.40B75xas long as short
Bybit DOGEUSDT+0.0100%8h0.1008+0.010%$160.8M$439.3M75xas long as short
OKX DOGE-USDT-SWAPlong+0.0100%8h0.1008long leg$111.4M$973.0M50x
Arcus DOGE-USD+0.0100%1h0.1010+0.198%$28K$74K10xas long as short
Bulk DOGE-USD+0.0100%1h0.1003−0.517%$384K$5K10xas long as short
Gate DOGE_USDT+0.0100%8h0.10080.000%$245.3M$131.2M75xas long as short
MEXC DOGE_USDT+0.0100%8h0.1009+0.030%$113.1M$226.1M300xas long as short
KuCoin DOGEUSDTM+0.0100%8h0.1009+0.069%$66.2M$42.3M75xas long as short
BingX DOGE-USDC+0.0100%8h0.1009+0.089%$3.4Mas long as short
Backpack DOGE_USDC_PERP+0.0100%1h0.1008+0.010%$366K$1.1M15xas long as short
Variational Omni DOGE+0.0100%8h0.1010+0.198%$994K$8.1Mas long as short
edgeX DOGEUSDC+0.0100%4h0.1014+0.541%$271K$125.1M20xas long as short
GRVT DOGE_USDT_Perp+0.0100%8h0.1015+0.615%$639K$4.5M10xas long as short
ApeX Omni DOGEUSDT+0.0100%1h0.1015+0.655%$149K$270K25xas long as short
Polymarket Perps DOGE-USD+0.0100%1h0.1010+0.119%$268K$634K10xas long as short
Orderly PERP_DOGE_USDC+0.0100%8h0.1009+0.079%$74K$426K50xas long as short
Derive DOGE-PERP+0.0100%1h0.1009+0.075%$25K$1K10xas long as short
SunX DOGE-USDT+0.0100%8h0.1010+0.156%$35K$2.2M30xas long as short
SoDEX DOGE-USD+0.0100%1h0.1009+0.089%$2K$3.8M10xas long as short
HTX DOGE-USDT+0.0100%8h0.1009+0.076%$6.0M$52.9M75xas long as short
Phemex DOGEUSDT+0.0100%8h0.1009+0.040%$93.1M$18.0M50xas long as short
Paradex DOGE-USD-PERP+0.0100%8h0.1010+0.112%$18K$5K30xas long as short
Extended DOGE-USD+0.0104%1h0.1009+0.072%$534K$3.9M50xas long as short
Aevo DOGE-PERP+0.0104%1h0.1009+0.084%$19K3xas long as short
01 Exchange DOGEUSD+0.0176%1h0.1010+0.163%$533$4K10xas long as short
Reya DOGERUSDPERP+0.0182%1h0.1008+0.008%$2K20xas long as short
BloFin DOGE-USDT+0.0220%8h0.1008−0.020%$15.4M$25.7M75xas long as short
Coinbase International DOGE-PERP-INTXshort+0.0240%1h0.1010+0.119%$2.0M$25.2M50x
Phoenix DOGE+0.0240%1h0.1011+0.264%$66K$283K10xas long as short
GMX DOGE/USD [ETH-USDC]L +0.0247% / S −0.0271%1h0.1009+0.096%$317K200xas long as short
RISEx DOGE/USDC+0.0701%1h0.1010+0.198%$326K$404K10xas long as short
Hyperliquid DOGE+0.0783%1h0.1011+0.228%$123.3M$95.6M10xas long as short
Injective DOGE/USDC PERP+0.0973%1h0.1018+0.952%$5K$239K12xas long as short