Funding arb · Price arb /

DOGE

all DOGE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.002%

Price spread now: Phemex against Pacifica−0.018%7-day average 0.000% · you buy dearer than you sell

Net, funding: paid 7d − costs−$53as in the Funding arb table

Net, price: spread back to 7d avg − costs−$51as in the Price arb table

costs, in and out, $10k−$490.492% of the position

Long on Pacifica Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.038%−$4 on $10k

Price spread, last 3 days (all we have)+0.005%$0 · spread now −0.018%, 7d avg 0.000%

Together, before fees−0.033%+ Points / potential airdropPacifica: Active · farm board−$3 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica DOGE	0.1007	0.0100	pay 0.0013% / 1h	56m 37s	$336K	$504K	20x
Short	Phemex DOGEUSDT	0.1007	0.0100	get 0.0100% / 8h	56m 37s	$93.2M	$19.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against Pacifica. 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 PacificabpFee PhemexbpOrdersPrice spread, now −0.018%Rate

Funding earned: $0
Price spread: −0.018% → 0.000%: −$1.76
Slippage, 4 orders: −$29.19
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$50.95
Costs to cover: 0.492%
Break-even: never at this rate

Slippage from Pacifica: live order book, 22 min ago; Phemex: live order book, 3 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 Pacifica live order book, 22 min ago	1.49 bp	6.2 bp −$6	8.6 bp −$86	doesn't fit	doesn't fit
Sell Phemex live order book, 3 min ago	2.48 bp	17.0 bp −$17	25.6 bp −$256	42.3 bp −$4,234	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	−0.0252%	8h	0.1006	−0.117%	$153.6M	$267.2M	75x	as long as short
Kalshi KXDOGEPERP	0.0000%	8h	0.1007	+0.040%	$417K	$4.7M	2.8x	as long as short
Deribit DOGE_USDC-PERPETUAL	0.0000%	1h	0.1007	+0.014%	$610K	$109K	25x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S −0.0001%	1h	0.1007	+0.004%	$33K	—	150x	as long as short
Phoenix DOGE	+0.0081%	1h	0.1002	−0.459%	$66K	$221K	10x	as long as short
Gate DOGE_USDT	+0.0090%	8h	0.1006	−0.068%	$242.6M	$124.7M	75x	as long as short
Lighter DOGE	+0.0096%	1h	0.1007	+0.020%	$793K	$5.4M	15x	as long as short
Katana Perps DOGE-USD	+0.0097%	8h	0.1007	+0.022%	$1K	$377K	10x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.1008	+0.091%	$597K	$891K	10x	as long as short
Aster DOGEUSDT	+0.0100%	8h	0.1007	+0.031%	$5.0M	$44.4M	75x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica DOGElong	+0.0100%	1h	0.1007	long leg	$336K	$504K	20x
Binance DOGEUSDT	+0.0100%	8h	0.1007	+0.036%	$320.5M	$1.34B	75x	as long as short
Bybit DOGEUSDT	+0.0100%	8h	0.1008	+0.101%	$159.1M	$425.5M	75x	as long as short
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.1009	+0.171%	$110.0M	$941.5M	50x	as long as short
Arcus DOGE-USD	+0.0100%	1h	0.1007	+0.002%	$28K	$77K	10x	as long as short
Bulk DOGE-USD	+0.0100%	1h	0.1004	−0.333%	$385K	$12K	10x	as long as short
MEXC DOGE_USDT	+0.0100%	8h	0.1007	−0.018%	$115.8M	$217.5M	300x	as long as short
KuCoin DOGEUSDTM	+0.0100%	8h	0.1007	−0.018%	$66.4M	$41.3M	75x	as long as short
BingX DOGE-USDC	+0.0100%	8h	0.1007	−0.028%	—	$3.4M	—	as long as short
Variational Omni DOGE	+0.0100%	8h	0.1001	−0.632%	$1.0M	$8.1M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.1003	−0.384%	$275K	$116.8M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.1001	−0.563%	$638K	$4.5M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.1002	−0.495%	$147K	$247K	25x	as long as short
Polymarket Perps DOGE-USD	+0.0100%	1h	0.1007	+0.022%	$263K	$549K	10x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.1007	+0.022%	$73K	$432K	50x	as long as short
Derive DOGE-PERP	+0.0100%	1h	0.1007	+0.011%	$25K	$1K	10x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.1008	+0.066%	$35K	$2.2M	30x	as long as short
SoDEX DOGE-USD	+0.0100%	1h	0.1007	+0.022%	$2K	$3.6M	10x	as long as short
HTX DOGE-USDT	+0.0100%	8h	0.1007	+0.048%	$6.0M	$50.7M	75x	as long as short
Phemex DOGEUSDTshort	+0.0100%	8h	0.1007	−0.018%	$93.2M	$19.2M	50x
Paradex DOGE-USD-PERP	+0.0100%	8h	0.1007	−0.028%	$18K	$5K	30x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.1006	−0.057%	$557K	$3.6M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.1007	+0.012%	$19K	—	3x	as long as short
Kraken Futures PF_DOGEUSD	+0.0104%	1h	0.1007	−0.025%	$6.0M	$32.9M	50x	as long as short
dYdX DOGE-USD	+0.0129%	1h	0.1007	−0.033%	$226K	$44K	10x	as long as short
Reya DOGERUSDPERP	+0.0178%	1h	0.1007	+0.031%	$2K	—	20x	as long as short
BloFin DOGE-USDT	+0.0220%	8h	0.1008	+0.072%	$15.4M	$25.1M	75x	as long as short
01 Exchange DOGEUSD	+0.0232%	1h	0.1007	+0.046%	$532	$4K	10x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0240%	1h	0.1008	+0.062%	$2.0M	$23.9M	50x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0245% / S −0.0235%	1h	0.1007	−0.007%	$329K	—	200x	as long as short
Backpack DOGE_USDC_PERP	+0.0529%	1h	0.1008	+0.062%	$538K	$959K	15x	as long as short
RISEx DOGE/USDC	+0.0708%	1h	0.1007	+0.007%	$316K	$475K	10x	as long as short
Hyperliquid DOGE	+0.0869%	1h	0.1008	+0.131%	$115.2M	$85.4M	10x	as long as short
Injective DOGE/USDC PERP	+0.1039%	1h	0.1010	+0.300%	$5K	$239K	12x	as long as short