Funding arb · Price arb /

DOGE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0913%/8h= +100.0% APRpaid last 24h +0.200%

Price spread now: Injective against OKX+0.223%7-day average +0.206% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on OKX Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days+1.535%+$153 on $10k

Price spread, last 3 days (all we have)−0.342%−$34 · spread now +0.223%, 7d avg +0.206%

Together, before fees+1.193%+$119 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.206%, so right now this pair is about funding alone: +$27 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	0.09858	0.0100	pay 0.0100% / 8h	2h 30m	$107.6M	$882.0M	50x
Short	Injective DOGE/USDC PERP	0.09880	0.1013	get 0.0127% / 1h	30m 46s	$32K	$153K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +0.223%Rate

Funding earned: $191.71
Price spread: +0.223% → +0.206%: $1.74
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $183.43
Costs to cover: 0.100%
Break-even: 0.3 days

Slippage unknown: OKX: live order book, 3 min ago; Injective: live order book, 58 min ago. Net counts fees only.

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, 3 min ago	0.51 bp	7.0 bp −$7	9.8 bp −$98	20.5 bp −$2,053	58.1 bp −$29.1K
Sell Injective live order book, 58 min ago	35.12 bp	49.6 bp −$50	doesn't fit	doesn't fit	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	−0.0279%	8h	0.09847	−0.112%	$151.5M	$260.1M	75x	as long as short
Kalshi KXDOGEPERP	0.0000%	8h	0.09848	−0.098%	$358K	$4.3M	2.8x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S −0.0001%	1h	0.09859	+0.014%	$32K	—	150x	as long as short
Gate DOGE_USDT	+0.0064%	8h	0.09854	−0.041%	$234.5M	$119.4M	75x	as long as short
Deribit DOGE_USDC-PERPETUAL	+0.0064%	1h	0.09867	+0.090%	$617K	$103K	25x	as long as short
Phoenix DOGE	+0.0080%	1h	0.09840	−0.181%	$15K	$225K	10x	as long as short
dYdX DOGE-USD	+0.0080%	1h	0.09838	−0.208%	$221K	$44K	10x	as long as short
Katana Perps DOGE-USD	+0.0095%	8h	0.09839	−0.193%	$822	$335K	10x	as long as short
Lighter DOGE	+0.0096%	1h	0.09860	+0.019%	$782K	$5.1M	15x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.09854	−0.036%	$626K	$695K	10x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster DOGEUSDT	+0.0100%	8h	0.09860	+0.018%	$4.8M	$40.4M	75x	as long as short
Pacifica DOGE	+0.0100%	1h	0.09839	−0.193%	$334K	$505K	20x	as long as short
Binance DOGEUSDT	+0.0100%	8h	0.09858	0.000%	$312.7M	$1.26B	75x	as long as short
Bybit DOGEUSDT	+0.0100%	8h	0.09852	−0.061%	$156.1M	$396.7M	75x	as long as short
OKX DOGE-USDT-SWAPlong	+0.0100%	8h	0.09858	long leg	$107.6M	$882.0M	50x
Arcus DOGE-USD	+0.0100%	1h	0.09849	−0.091%	$28K	$75K	10x	as long as short
Bulk DOGE-USD	+0.0100%	1h	0.09838	−0.203%	$377K	$19K	10x	as long as short
MEXC DOGE_USDT	+0.0100%	8h	0.09858	0.000%	$117.6M	$214.9M	300x	as long as short
KuCoin DOGEUSDTM	+0.0100%	8h	0.09859	+0.010%	$64.7M	$39.1M	75x	as long as short
BingX DOGE-USDC	+0.0100%	8h	0.09856	−0.020%	—	$3.4M	—	as long as short
Variational Omni DOGE	+0.0100%	8h	0.09842	−0.161%	$917K	$7.8M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.09847	−0.107%	$261K	$112.1M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.09867	+0.091%	$627K	$4.6M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.09840	−0.183%	$140K	$223K	25x	as long as short
Polymarket Perps DOGE-USD	+0.0100%	1h	0.09852	−0.065%	$271K	$528K	10x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.09863	+0.051%	$56K	$397K	50x	as long as short
Derive DOGE-PERP	+0.0100%	1h	0.09862	+0.039%	$24K	$1K	10x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.09848	−0.100%	$35K	$2.2M	30x	as long as short
SoDEX DOGE-USD	+0.0100%	1h	0.09863	+0.051%	$2K	$3.3M	10x	as long as short
HTX DOGE-USDT	+0.0100%	8h	0.09861	+0.028%	$5.9M	$46.6M	75x	as long as short
Phemex DOGEUSDT	+0.0100%	8h	0.09861	+0.030%	$91.5M	$19.0M	50x	as long as short
Paradex DOGE-USD-PERP	+0.0100%	8h	0.09838	−0.202%	$18K	$5K	30x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.09854	−0.042%	$548K	$3.6M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.09864	+0.066%	$19K	—	3x	as long as short
Reya DOGERUSDPERP	+0.0174%	1h	0.09854	−0.036%	$2K	—	20x	as long as short
01 Exchange DOGEUSD	+0.0200%	1h	0.09850	−0.076%	$520	$4K	10x	as long as short
Backpack DOGE_USDC_PERP	+0.0214%	1h	0.09868	+0.101%	$521K	$931K	15x	as long as short
BloFin DOGE-USDT	+0.0220%	8h	0.09860	+0.020%	$15.1M	$23.7M	75x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0224%	1h	0.09865	+0.071%	$2.0M	$22.2M	50x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0243% / S −0.0263%	1h	0.09859	+0.011%	$303K	—	200x	as long as short
Kraken Futures PF_DOGEUSD	+0.0290%	1h	0.09861	+0.028%	$5.9M	$31.6M	50x	as long as short
Hyperliquid DOGE	+0.0432%	1h	0.09865	+0.075%	$109.1M	$78.8M	10x	as long as short
RISEx DOGE/USDC	+0.0536%	1h	0.09853	−0.051%	$308K	$470K	10x	as long as short
Injective DOGE/USDC PERPshort	+0.1013%	1h	0.09880	+0.223%	$32K	$153K	12x