Funding arb · Price arb /

DOGE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0108%/8h= +11.8% APRpaid last 24h +0.021%

Price spread now: 01 Exchange against Orderly−0.023%7-day average — · you buy dearer than you sell

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

Long on Orderly Short on 01 Exchange

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. 01 Exchange is 0.023% cheaper against Orderly than usual: you would sell low and buy high (spread −0.023% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$2 on $10k: about 17 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_DOGE_USDC	0.1028	0.0100	pay 0.0100% / 8h	3h 57m	$72K	$440K	50x
Short	01 Exchange DOGEUSD	0.1028	0.0208	get 0.0026% / 1h	57m 18s	$548	$4K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange against Orderly. 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 OrderlybpFee 01 ExchangebpOrdersPrice spread, now −0.023%Rate

Funding earned: $22.68
Price spread: −0.023% → 0.000%: −$2.33
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: $7.35
Costs to cover: 0.130%
Break-even: 4.7 days

Slippage unknown: Orderly: no order-book sample; 01 Exchange: no order-book sample. 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 Orderly no order-book sample	—	—	—	—	—
Sell 01 Exchange no order-book sample	—	—	—	—	—

Orderly and 01 Exchange: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0019%	8h	0.1028	−0.088%	$154.5M	$281.5M	75x	as long as short
dYdX DOGE-USD	0.0000%	1h	0.1027	−0.183%	$230K	$48K	10x	as long as short
Kalshi KXDOGEPERP	0.0000%	8h	0.1021	−0.722%	$517K	$5.6M	2.8x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S 0.0000%	1h	0.1028	−0.053%	$24K	—	150x	as long as short
Lighter DOGE	+0.0096%	1h	0.1027	−0.159%	$758K	$6.2M	15x	as long as short
Katana Perps DOGE-USD	+0.0100%	8h	0.1027	−0.107%	$1K	$475K	10x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.1028	−0.029%	$544K	$1.0M	10x	as long as short
Aster DOGEUSDT	+0.0100%	8h	0.1029	+0.039%	$4.8M	$51.2M	75x	as long as short
Pacifica DOGE	+0.0100%	1h	0.1027	−0.155%	$338K	$491K	20x	as long as short
Binance DOGEUSDT	+0.0100%	8h	0.1029	+0.010%	$339.6M	$1.51B	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	0.1028	−0.010%	$171.0M	$459.8M	75x	as long as short
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.1028	−0.019%	$118.0M	$1.07B	50x	as long as short
Bulk DOGE-USD	+0.0100%	1h	0.1005	−2.305%	$386K	$859	10x	as long as short
Gate DOGE_USDT	+0.0100%	8h	0.1028	−0.088%	$254.4M	$135.7M	75x	as long as short
MEXC DOGE_USDT	+0.0100%	8h	0.1028	−0.019%	$115.5M	$236.8M	300x	as long as short
KuCoin DOGEUSDTM	+0.0100%	8h	0.1028	−0.029%	$68.5M	$44.8M	75x	as long as short
BingX DOGE-USDC	+0.0100%	8h	0.1028	−0.078%	—	$3.5M	—	as long as short
Backpack DOGE_USDC_PERP	+0.0100%	1h	0.1026	−0.233%	$323K	$1.2M	15x	as long as short
Variational Omni DOGE	+0.0100%	8h	0.1019	−0.956%	$1.1M	$8.2M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.1020	−0.787%	$313K	$132.6M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.1019	−0.889%	$646K	$4.5M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.1021	−0.729%	$149K	$293K	25x	as long as short
Polymarket Perps DOGE-USD	+0.0100%	1h	0.1027	−0.097%	$265K	$881K	10x	as long as short
Orderly PERP_DOGE_USDClong	+0.0100%	8h	0.1028	long leg	$72K	$440K	50x
Derive DOGE-PERP	+0.0100%	1h	0.1028	−0.059%	$25K	$1K	10x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.1029	+0.085%	$37K	$2.2M	30x	as long as short
SoDEX DOGE-USD	+0.0100%	1h	0.1029	+0.058%	$2K	$4.2M	10x	as long as short
HTX DOGE-USDT	+0.0100%	8h	0.1026	−0.266%	$6.2M	$60.3M	75x	as long as short
Phemex DOGEUSDT	+0.0100%	8h	0.1024	−0.428%	$94.2M	$17.0M	50x	as long as short
Paradex DOGE-USD-PERP	+0.0101%	8h	0.1028	−0.060%	$18K	$7K	30x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.1028	−0.057%	$501K	$4.1M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.1028	−0.017%	$20K	—	3x	as long as short
Reya DOGERUSDPERP	+0.0191%	1h	0.1028	−0.080%	$2K	—	20x	as long as short
01 Exchange DOGEUSDshort	+0.0208%	1h	0.1028	−0.023%	$548	$4K	10x
BloFin DOGE-USDT	+0.0220%	8h	0.1021	−0.710%	$16.1M	$26.1M	75x	as long as short
Phoenix DOGE	+0.0242%	1h	0.1022	−0.611%	$66K	$292K	10x	as long as short
Kraken Futures PF_DOGEUSD	+0.0244%	1h	0.1029	+0.085%	$5.8M	$36.1M	50x	as long as short
Deribit DOGE_USDC-PERPETUAL	+0.0246%	1h	0.1028	−0.019%	$615K	$119K	25x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0258% / S −0.0292%	1h	0.1028	−0.053%	$338K	—	200x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0304%	1h	0.1029	+0.068%	$2.1M	$29.3M	50x	as long as short
Hyperliquid DOGE	+0.0453%	1h	0.1029	+0.039%	$126.0M	$103.4M	10x	as long as short
Arcus DOGE-USD	+0.0634%	1h	0.1029	+0.078%	$112K	$199K	10x	as long as short
RISEx DOGE/USDC	+0.0728%	1h	0.1029	+0.022%	$417K	$421K	10x	as long as short
Injective DOGE/USDC PERP	+0.1062%	1h	0.1030	+0.146%	$6K	$239K	12x	as long as short