Funding arb · Price arb /

DOGE

all DOGE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0140%/8h= +15.3% APRpaid last 24h +0.019%

Price spread now: Coinbase International against Paradex−0.201%7-day average — · you buy dearer than you sell

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

Long on Paradex Short on Coinbase International

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—+ Points / potential airdropParadex: Active · farm boardneeds both histories

Funding pays, the price is against you. Coinbase International is 0.201% cheaper against Paradex than usual: you would sell low and buy high (spread −0.201% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$20 on $10k: about 4.8 days of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex DOGE-USD-PERP	0.1013	0.0100	pay 0.0100% / 8h	51m 23s	$18K	$5K	30x
Short	Coinbase International DOGE-PERP-INTX	0.1011	0.0240	get 0.0030% / 1h	51m 23s	$2.0M	$24.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Paradex. 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 ParadexbpFee Coinbase InternationalbpOrdersPrice spread, now −0.201%Rate

Funding earned: $29.34
Price spread: −0.201% → 0.000%: −$20.15
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$4.81
Costs to cover: 0.140%
Break-even: 8.1 days

Slippage unknown: Paradex: no order-book sample; Coinbase International: live order book, 3 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 Paradex no order-book sample	—	—	—	—	—
Sell Coinbase International live order book, 3 min ago	1.49 bp	9.5 bp −$10	16.3 bp −$163	45.0 bp −$4,498	doesn't fit

Paradex: 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	−0.0248%	8h	0.1012	−0.103%	$154.4M	$267.7M	75x	as long as short
Kalshi KXDOGEPERP	0.0000%	8h	0.1013	−0.049%	$419K	$4.7M	2.8x	as long as short
Deribit DOGE_USDC-PERPETUAL	0.0000%	1h	0.1011	−0.255%	$608K	$109K	25x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S −0.0001%	1h	0.1012	−0.078%	$33K	—	150x	as long as short
Gate DOGE_USDT	+0.0085%	8h	0.1012	−0.103%	$244.5M	$125.3M	75x	as long as short
Lighter DOGE	+0.0096%	1h	0.1014	+0.066%	$803K	$5.4M	15x	as long as short
Katana Perps DOGE-USD	+0.0097%	8h	0.1014	+0.065%	$847	$378K	10x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.1014	+0.055%	$604K	$893K	10x	as long as short
Aster DOGEUSDT	+0.0100%	8h	0.1014	+0.067%	$5.1M	$44.6M	75x	as long as short
Pacifica DOGE	+0.0100%	1h	0.1013	+0.026%	$338K	$504K	20x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance DOGEUSDT	+0.0100%	8h	0.1013	−0.050%	$323.2M	$1.34B	75x	as long as short
Bybit DOGEUSDT	+0.0100%	8h	0.1012	−0.103%	$159.9M	$427.4M	75x	as long as short
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.1014	+0.095%	$111.0M	$949.6M	50x	as long as short
Arcus DOGE-USD	+0.0100%	1h	0.1014	+0.114%	$28K	$79K	10x	as long as short
Bulk DOGE-USD	+0.0100%	1h	0.1004	−0.939%	$385K	$12K	10x	as long as short
MEXC DOGE_USDT	+0.0100%	8h	0.1013	−0.034%	$114.4M	$218.5M	300x	as long as short
KuCoin DOGEUSDTM	+0.0100%	8h	0.1013	+0.006%	$66.9M	$41.5M	75x	as long as short
BingX DOGE-USDC	+0.0100%	8h	0.1013	+0.006%	—	$3.4M	—	as long as short
Variational Omni DOGE	+0.0100%	8h	0.1006	−0.674%	$1.0M	$8.1M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.1011	−0.183%	$279K	$117.2M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.1012	−0.123%	$644K	$4.5M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.1014	+0.085%	$149K	$248K	25x	as long as short
Polymarket Perps DOGE-USD	+0.0100%	1h	0.1013	+0.016%	$265K	$551K	10x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.1012	−0.073%	$74K	$433K	50x	as long as short
Derive DOGE-PERP	+0.0100%	1h	0.1010	−0.269%	$25K	$1K	10x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.1011	−0.188%	$36K	$2.2M	30x	as long as short
SoDEX DOGE-USD	+0.0100%	1h	0.1011	−0.231%	$2K	$3.6M	10x	as long as short
HTX DOGE-USDT	+0.0100%	8h	0.1010	−0.291%	$6.0M	$51.0M	75x	as long as short
Phemex DOGEUSDT	+0.0100%	8h	0.1011	−0.251%	$93.5M	$19.2M	50x	as long as short
Paradex DOGE-USD-PERPlong	+0.0100%	8h	0.1013	long leg	$18K	$5K	30x
Kraken Futures PF_DOGEUSD	+0.0104%	1h	0.1010	−0.262%	$6.0M	$33.0M	50x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.1014	+0.041%	$559K	$3.7M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.1011	−0.226%	$19K	—	3x	as long as short
dYdX DOGE-USD	+0.0156%	1h	0.1013	−0.031%	$227K	$44K	10x	as long as short
Reya DOGERUSDPERP	+0.0178%	1h	0.1013	−0.048%	$2K	—	20x	as long as short
BloFin DOGE-USDT	+0.0220%	8h	0.1013	−0.014%	$15.4M	$25.3M	75x	as long as short
Phoenix DOGE	+0.0239%	1h	0.1013	−0.017%	$67K	$281K	10x	as long as short
01 Exchange DOGEUSD	+0.0240%	1h	0.1015	+0.141%	$536	$4K	10x	as long as short
Coinbase International DOGE-PERP-INTXshort	+0.0240%	1h	0.1011	−0.201%	$2.0M	$24.1M	50x
GMX DOGE/USD [ETH-USDC]	L +0.0245% / S −0.0267%	1h	0.1012	−0.076%	$315K	—	200x	as long as short
Backpack DOGE_USDC_PERP	+0.0451%	1h	0.1011	−0.201%	$540K	$960K	15x	as long as short
RISEx DOGE/USDC	+0.0708%	1h	0.1015	+0.145%	$318K	$475K	10x	as long as short
Hyperliquid DOGE	+0.0894%	1h	0.1014	+0.134%	$115.8M	$86.0M	10x	as long as short
Injective DOGE/USDC PERP	+0.1039%	1h	0.1015	+0.183%	$5K	$239K	12x	as long as short