Funding arb · Price arb /

DOGE

all DOGE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0069%/8h= −7.6% APRpaid last 24h −0.009%

Price spread now: dYdX against OKX−0.017%7-day average 0.000% · you buy dearer than you sell

Net, funding: paid 7d − costs−$93as in the Funding arb table

Net, price: spread back to 7d avg − costs−$90as in the Price arb table

costs, in and out, $10k−$890.887% of the position

Long on OKX Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.045%−$4 on $10k

Price spread, last 4 days (all we have)+0.043%+$4 · spread now −0.017%, 7d avg 0.000%

Together, before fees−0.001%$0 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of 0.000%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX DOGE-USDT-SWAP	0.09917	0.0100	pay 0.0100% / 8h	2h 15m	$115.9M	$1.17B	50x
Short	dYdX DOGE-USD	0.09915	0.0031	get 0.0004% / 1h	15m 18s	$223K	$70K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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

Position, each leg$Hold fordaysFee OKXbpFee dYdXbpOrdersPrice spread, now −0.017%Rate

Funding earned: −$14.53
Price spread: −0.017% → 0.000%: −$1.66
Slippage, 4 orders: −$68.68
Fee OKX: 5 bp × 2 orders: −$10
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$104.87
Costs to cover: 0.887%
Break-even: never at this rate

Slippage from OKX: live order book, 4 min ago; dYdX: live order book, 34 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 OKX live order book, 4 min ago	0.50 bp	5.5 bp −$6	7.6 bp −$76	17.8 bp −$1,784	41.2 bp −$20.6K
Sell dYdX live order book, 34 min ago	23.51 bp	47.5 bp −$48	80.4 bp −$804	92.2 bp −$9,225	100.6 bp −$50.3K

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
Kalshi KXDOGEPERP	0.0000%	8h	0.09917	−0.001%	$595K	$6.5M	2.8x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S 0.0000%	1h	0.09913	−0.045%	$34K	—	150x	as long as short
Kraken Futures PF_DOGEUSD	+0.0002%	1h	0.09915	−0.019%	$5.6M	$39.9M	50x	as long as short
dYdX DOGE-USDshort	+0.0031%	1h	0.09915	−0.017%	$223K	$70K	10x
Polymarket Perps DOGE-USD	+0.0037%	1h	0.09909	−0.082%	$267K	$1.2M	10x	as long as short
Lighter DOGE	+0.0096%	1h	0.09923	+0.062%	$846K	$6.8M	15x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.09915	−0.020%	$538K	$1.1M	10x	as long as short
Aster DOGEUSDT	+0.0100%	8h	0.09915	−0.024%	$4.4M	$57.3M	75x	as long as short
Pacifica DOGE	+0.0100%	1h	0.09920	+0.026%	$317K	$514K	20x	as long as short
Binance DOGEUSDT	+0.0100%	8h	0.09915	−0.020%	$324.1M	$1.69B	75x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit DOGEUSDT	+0.0100%	8h	0.09912	−0.050%	$163.2M	$517.7M	75x	as long as short
OKX DOGE-USDT-SWAPlong	+0.0100%	8h	0.09917	long leg	$115.9M	$1.17B	50x
Bulk DOGE-USD	+0.0100%	1h	0.09881	−0.367%	$379K	$16K	10x	as long as short
Gate DOGE_USDT	+0.0100%	8h	0.09911	−0.061%	$246.5M	$153.8M	75x	as long as short
MEXC DOGE_USDT	+0.0100%	8h	0.09915	−0.020%	$110.8M	$255.8M	300x	as long as short
KuCoin DOGEUSDTM	+0.0100%	8h	0.09917	0.000%	$66.0M	$49.7M	75x	as long as short
Bitget DOGEUSDT	+0.0100%	8h	0.09904	−0.131%	$140.1M	$339.7M	75x	as long as short
BingX DOGE-USDT	+0.0100%	8h	0.09914	−0.030%	—	$80.5M	—	as long as short
Backpack DOGE_USDC_PERP	+0.0100%	1h	0.09911	−0.061%	$298K	$1.3M	15x	as long as short
Variational Omni DOGE	+0.0100%	8h	0.09907	−0.102%	$1.1M	$8.7M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.09920	+0.028%	$312K	$139.3M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.09927	+0.101%	$624K	$4.7M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.09920	+0.030%	$147K	$344K	25x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.09913	−0.040%	$67K	$473K	50x	as long as short
Derive DOGE-PERP	+0.0100%	1h	0.09913	−0.044%	$19K	$7K	10x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.09921	+0.039%	$35K	$2.3M	30x	as long as short
SoDEX DOGE-USD	+0.0100%	1h	0.09915	−0.020%	$2K	$5.3M	10x	as long as short
HTX DOGE-USDT	+0.0100%	8h	0.09918	+0.010%	$5.9M	$68.1M	75x	as long as short
Phemex DOGEUSDT	+0.0100%	8h	0.09915	−0.020%	$91.1M	$17.1M	50x	as long as short
Paradex DOGE-USD-PERP	+0.0100%	8h	0.09915	−0.016%	$18K	$5K	30x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.09910	−0.072%	$482K	$4.1M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.09914	−0.031%	$19K	—	3x	as long as short
Hyperliquid DOGE	+0.0105%	1h	0.09923	+0.056%	$123.0M	$115.7M	10x	as long as short
Katana Perps DOGE-USD	+0.0111%	8h	0.09914	−0.030%	$888	$527K	10x	as long as short
Reya DOGERUSDPERP	+0.0195%	1h	0.09912	−0.052%	$2K	—	20x	as long as short
01 Exchange DOGEUSD	+0.0200%	1h	0.09921	+0.038%	$441	$4K	10x	as long as short
BloFin DOGE-USDT	+0.0220%	8h	0.09916	−0.010%	$15.9M	$26.8M	75x	as long as short
Arcus DOGE-USD	+0.0231%	1h	0.09920	+0.030%	$27K	$299K	10x	as long as short
Phoenix DOGE	+0.0240%	1h	0.09930	+0.132%	$18K	$382K	10x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0250% / S −0.0288%	1h	0.09912	−0.049%	$315K	—	200x	as long as short
Deribit DOGE_USDC-PERPETUAL	+0.0275%	1h	0.09918	+0.012%	$563K	$247K	25x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0304%	1h	0.09921	+0.040%	$1.9M	$34.1M	50x	as long as short
RISEx DOGE/USDC	+0.0686%	1h	0.09922	+0.050%	$400K	$445K	10x	as long as short
Injective DOGE/USDC PERP	+0.1217%	1h	0.1053	+6.181%	$6K	$242K	12x	as long as short